Category Archive: Uncategorized

Likonomics Vs Abenomics and Singapore

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No fun watching the clash of the titans in our own backyard. Remember when I wrote that China is at war with Japan ? Well, the economists are starting to realise it from… Continue reading

SGD Bonds : Hyflux Consent Solicitation

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3 Hyflux bonds affected. 1. Hyflux 5.68 09/2014 SGD 60 mio 2. Hyflux 4.29 03/2015 SGD 75 mio 3. Hyflux 3.89 01/2016 SGD 55 mio Do not know much of the details because… Continue reading

Why Not Tech Stocks ? Part 2

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Bebo founder Michael Birch buys back website for $1m after selling it for $850m   The founder of Bebo has bought the social network for $1m just five years after selling it for… Continue reading

SGD Corporate Bonds Outlook : No Keen Bids

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Hearing a few client complaints on the street that banks are unwilling to bid for papers or honour prices indicated on screens which vindicates my point last week that most of the prices… Continue reading

SGD New Issue Review : Oxley 5Y callable 3Y

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***NEW ISSUE:  Oxley Holdings 5NC3 SGD Senior Unsecured*** Issuer       :  Oxley Holdings Limited Status       :  Senior, unsecured Rating       :  Unrated Format       :  Off Issuer’s SGD300Million Multicurrency MTN Programme Structure    :  5NC3 Issue Size  … Continue reading

Snap Insight : Slow Bleeding Decade

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Strategists who work in places where the time frame can stretch generations generally see things differently from us mundane folks. Insights from my lunch with a brilliant mind. Things will only get painfully… Continue reading

Ad Hoc Commentary – pensioners to bail-in Detroit?

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First, Uncle Ben decided to skip the Fed’s annual Jackson Hole conference on Aug 22-24 – no more dropping-money-off-helicopters speeches. Then, it was the bail-in of Cyprus where depositors took a hit. The… Continue reading

SINGAPORE BANK SUB DEBT CREDIT ALERT – BAD TIMING

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Moody’s announces reviews for downgrade of three banks’ subdebt ratings in Singapore “Moody’s highlights that the reviews of the banks’ subdebt ratings are not in any way related to any deterioration in the… Continue reading

Fed is From Pluto, BoJ is from Mars and Santa is from Singapore

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So it is a fact. That we are all subjects of central banking experiments so the central bankers can all leave at the end of their term to write textbooks and their memoirs.… Continue reading

Germany’s “Gold Action” should worry the Asians more than the Americans

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The Germans are in fact as afraid of the Americans as they are of themselves When the Bundesbank called up the Fed New York last Wednesday, 16 January, to ask to take back 300 metric tonnes… Continue reading