Lessons from the SGD Sembcorp Perpetual Bond

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My impression is that the issue went badly. For a household name to fail to garner more than 400 mio in orders and names like Goodpack and Banyan Tree getting more orders than… Continue reading

FX Alert : New (Almost) Record This Month In SGDMYR !

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Actually the high last week was on National Day 2.5838, which was probably due to illiquidity. We went off last Wed at 2.56. The high on record was a short lived one during… Continue reading

Market Sinkholes – Trade EUR and GBP for Reprieve Before Resignation

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“…vacationers evacuated a central Florida resort building before a sinkhole caused a section of the villa to partially collapse early Monday.” Source : CNBC http://www.cnbc.com/id/100956354 Now they say Tiger Woods’ house is sinking.… Continue reading

SGD Rates and Bonds Weekly

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Economic News 2Q Final GDP 15.5% QoQ vs expected 14.2% 2Q Final GDP 3.8% YoY vs expected 3.5% IRS It was a short week for Singapore with most of the action in USDSGD… Continue reading

SGD Rates and Bonds Weekly

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Economic News 2Q Final GDP 15.5% QoQ vs expected 14.2% 2Q Final GDP 3.8% YoY vs expected 3.5% IRS It was a short week for Singapore with most of the action in USDSGD… Continue reading

SGD New Issue Alert : Semb Corp Industries Perpetual Bond

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To make those who had rushed into Ezion yesterday feel slightly sore about their 4.6%. ** SEMBCORP INDUSTRIES SGD SUBORDINATED PERPNC5 – PX GUIDANCE ** Issuer: Sembcorp Industries Limited (“SembCorp”) Issue:  SGD Perpetual… Continue reading

Trading Like Bacteria – JPY and AUD, EUR and GBP

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How does it feel that markets are exhibiting the same patterns as E Coli ? Diarrhea and vomit inducing bacteria ? It feels just right ! “Using lab-based synthetic biology, experiments in bacterial… Continue reading

Singapore Real Estate Suicide ? Buy 99 year leasehold ?

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“SINGAPORE — Buying land at the prevailing high prices would be “suicidal”, City Developments (CDL) Executive Chairman Kwek Leng Beng said yesterday, as he forecast private home prices to decline 5 per cent… Continue reading

SGD New Issue Alert : Ezion SGD 5Y

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Issuer:    Ezion Holdings Limited Status:    Direct, unconditional, unsubordinated and unsecured Notes Rating:    Unrated Format:   Reg S, S274 & 275 of Singapore SFA Tenure:     5 Years Issue Size:  TBD Payment:  Semi-annual, actual/365 (fixed) Details:  … Continue reading

Ad Hoc Commentary – the investment-less recovery

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As we mentioned before: “…Abenomics thinks that inflation will chase money out of hoarding into investments. What he forgot is that the Senkaku-Diaoyu affair gives capital very little confidence to invest within Japan.… Continue reading