Category Archive: Op-Eds

New Issue Review : Any Tom, Dick Or Oxley 4Y NC3Y 5.25%?

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When I saw this, I really did not want to write much about it. Afterall, it is brought out by the bank who gave you Aspial. Details : 4Y NC3Y Coupon : 5.25%… Continue reading

New Issue Review – First Reit 5Y SGD Bond

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*** First REIT 5-yr SGD – PRICE GUIDANCE *** Issuer: HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of First REIT) Status:  Senior, unsecured Rating: Unrated Issue Size: TBD Format/Docs: … Continue reading

The Great Market Exit (2013 Edition) is Bad News for Retirees

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It looks bad for retirees, especially if you are a banker. Bankers Explain How They Cannot Possibly Live On $1 Million Pay Well, I am not here to discuss about vanities or egos.… Continue reading

Ad Hoc Commentary – Malaysian elections, the incumbent will likely stay in power

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Malaysians goes to the pool today, and yours truly believe that the incumbent will stay in power. However, their days are numbered. This is likely the last five years for the incumbent. Just… Continue reading

Skeptics Beware : CLSA Fengshui Index is Right But Wrong

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Time to revisit that good old Fengshui prediction for the Year of the Black Water Snake and time to read the fine print because if you were like me, you would have skimmed… Continue reading

The Archbishop and The Pope Speaks – Wealth Redistribution Ahead

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Since time immemorial, we always had politics mixed up with religion. That stands to reason given that most of our judicial systems have their origins in some form of religious law. We may… Continue reading

New Issue Review : Guocoland 7Y SGD 4.5%

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ALERT : Below is the email I received from my banker and the next one was sent to me by my fund manager friend. NOTICE THE DIFFERENCE ? NEW ISSUE: GUOCOLAND SGD 7Y… Continue reading

QE expectations = When bad news is good news … and vice versa

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In a normal world when economic data are poor and getting poorer, governments are running out of policy options if they are even effective with twin deficits, central banks are faced with unemployment… Continue reading

MayDay MayDay, It’s May Day

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It’s May Day on a Wednesday and we know Wednesday’s child is full of woe. Mayday is an emergency procedure word used internationally as a distress signal in voice procedure radio communications. It… Continue reading

Aspial Bond Surprise – Consent Solicitation

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The former Lee Hwa. I confess I only took notice of them last week when they were cited as a comparable bond for the Courts SGD issue. Dragging out their balance sheet then,… Continue reading