Quick update to the portfolio including the latest addition, Overseas Education: Portfolio Comments 1. Ho Bee’s appreciation (along with Wing Tai) was due to buy calls by the sell side on these 2… Continue reading
Chinese stocks left the world in their dust as they powered away to another record breaking week and sour grapes started questioning the average IQ of the average Chinese investors, somehow managing to… Continue reading
It would be a fool’s quest to attack Australia and the last time anyone thought about it was during WWII and even the Japanese took a deep breath at that thought. As for… Continue reading
A happy Easter for bond investors, seeing price rallies around the world, except for those who wouldn’t play ball, like Greece, because even Russia feels the love these days. We may not have… Continue reading
I noted that oil has not suffered more than 2 consecutive quarters of losses since 2003 and we managed to pull off a first with 1Q15 seeing another drop in prices. We… Continue reading
Zico has been noticeably absent for a while and I suspected that was because he was too busy making money. It looks like I was right. ************************* The big story in the first… Continue reading
Daily Credit Wrap: Investment Grade: IG Asian credit traded with a slightly softer tone against a weaker macro backdrop. However, we are hearing that flows are still very balanced in the IG space.… Continue reading
“…Domains under heaven, after a long period of division, tends to unite; after a long period of union, tends to divide. This has been so since antiquity…” Chapter 1, Romance of Three Kingdoms.… Continue reading
Forgive me for I have been remiss and slack on the Hindenburg front. Hindenburg struck mid last month and it has been Hindenburg galore for the past 6 months. The omens are started… Continue reading
Investment Grade: Asian IG credits traded with a slightly firmer tone. Sovereign CDS was a touch tighter while Chinese/HK spreads also ended tighter. Chinese oil and tech names were 1-2bps tighter. The new… Continue reading