Singapore Real Estate : A Landlord’s Insights 2016

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Photo courtesy of Ms Jeannie Tan, wildlife photographer, SF.   Back in 2013, friends and I arrived at the conclusion that the anchor of Singapore’s wealth lay in the thousands per square foot… Continue reading

A primer on Fishmeal

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*Disclaimer: The World Fisheries industry is rather poorly covered and reported. Research material and figures are often estimates given that there is always IUU (illegal, under-reported, under-regulated) activities on going. For the largest… Continue reading

IHC – seems a case of poor PR, bad luck and past catching up

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In the business of investing and managing medical facilities, IHC – International Healthway Corp – is in a recession-proof industry which should be an enviable position today. Yet, its woes don’t seem to… Continue reading

NEW DEAL: State Bank of India USD AT1 Perp NC5, Mid 5% Area

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Issuer: State Bank of India, acting through its DIFC branch Subordinated, ranking behind Tier 2 Notes, pari passu in respect of debt instruments classified as Additional Tier 1 Capital and senior to equity… Continue reading

Take Stock Not Take Cover : Singapore Bonds, Investors Unite (Updated)

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It is not crazy but it is true. Out of the over 200 global defaults this year, Singapore has a pretty big share of debt restructurings this year for the “safe haven” status… Continue reading

Not To Worry If We Are Not FAB50

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photo courtesy of The Discerning Lush, B.C., Canada   Someone commented to me that I should not have been overly alarmed at the estimated 20% loss we wrote about 2 weeks back on… Continue reading

SGD Monthly Snapshot : Screwed Up

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    Economic Data in August 2 Aug Jul PMI 49.3 vs 49.5 expected Jul Electronics Sector Index 49.7 vs 49.0 previous 3 Aug Jul Nikkei Singapore PMI 50.7 v 52.3 previous 8… Continue reading

The USDJPY Punching Bag

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“what will it accomplish to say that you will be more stimulative. If the current level of stimulus is not working, saying you will do more won’t get people to buy those inflation… Continue reading

NEW DEAL: UOB US$ 10.5 NC 5.5Y Tier 2 Bond, IPT +200bp Area (~3.19%)

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(Bloomberg) — May price today. Issuer: United Overseas Bank Ltd Reg S Issuer ratings: Aa1/AA-/AA- Expected issue ratings: A2/–/A+ Subordinated Tier 2 Issuer optional redemption: One-time issuer call option at par in year… Continue reading

**DBS GROUP HOLDINGS LTD – US$ PERP NC5 AT1 PERPETUAL CAPITAL SECURITIES @ 4% AREA**

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**DBS GROUP HOLDINGS LTD – US$ PERP NC5 AT1 PERPETUAL CAPITAL SECURITIES** ISSUER: DBS Group Holdings Ltd INSTRUMENT: Additional Tier 1 Perpetual Capital Securities RANKING: Subordinated, ranking behind Tier 2 instruments, pari passu… Continue reading