SGD New Issue Review : CORDLIFE GROUP LIMITED 3Y 5%

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***NEW ISSUE: CORDLIFE GROUP LIMITED 3-YR SGD SENIOR UNSECURED BOND*** Issuer:  Cordlife Group Limited Series:  001 Issue Rating:  Unrated Status: Direct, unconditional, unsubordinated and unsecured Notes Issue Size:  TBD Distribution:  As per Information… Continue reading

Equity Thursday : Watching For Casualties

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There is a twinge of sadness when you observe that since 1 Oct, 162 companies made new lows in their stock price in the STI. The rest of the STI is holding up… Continue reading

Commodities Make The World Go Round – Time To Be Greedy

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I think it is time when everyone is running S*** scared. When crude gets smashed, we should be sitting up and not hiding. Retail players cannot get too serious about commodities in their… Continue reading

Zico Files : China tech stocks opportunities – Kingsoft & Xiaomi

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The tech stocks in China like Lenovo (922 HK) have been dwarfed by the emergence of the e-commerce titans like Alibaba (BABA US), Tencent (700 HK) and Baidu (BAIDUZ CH). These titans have… Continue reading

New CoCo Issue Alert : BANK OF CHINA AT1 PREFERENCE SHARES USD 6.875-7%

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ISSUER:   Bank of China Limited (3988.HK /601988.CH) (the “Bank”) ISSUER RATINGS:  A1 (stable) Moody’s / A (stable) S&P / A (stable) Fitch EXPECTED ISSUE RATINGS:  Ba2 (Moody’s) / BB- (S&P) ISSUE:    Basel-III Compliant… Continue reading

Ad Hoc Commentary – two bears went for a walk

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Two bears went for a walk in the forest and they both fell into a bear trap dug out by a hunter. The nimble bear soon realized the hopelessness of the situation and prayed… Continue reading

Malaysia and Singapore : Different Gears

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Malaysia unveiled their 2015 Budget last week and it has been well received as the country pledges to reduce their budgetary deficit yet again for 2015 and raised the GDP forecast for 2014.… Continue reading

Zico Special : After the Stand-Off – China Taiping Insurance

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With the protestors still on the streets of HK, stock prices have yet to stabilised. But the protests have hurt  the businesses in downtown HK and the momentum of the protests has also… Continue reading

FX THOUGHTS : Beware Of Central Banks, They Are Scared Too

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Most Read Article : Fed Officials May Slow Tightening If World Growth Disappoints http://www.bloomberg.com/news/2014-10-12/fed-officials-may-slow-tightening-if-world-growth-disappoints.html 14 months ago, 28 Aug 2013. “You have to remember that we are a legal creature of Congress and… Continue reading

SGD New Issue Review : Ausgroup Limited 2Y 7.5%

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ISSUER: AusGroup Limited SERIES:  001 STATUS: Direct, unconditional, unsubordinated and  unsecured Notes RATING: Unrated FORMAT: Reg S, S274 & 275 of SFA, issuance off  S$350 Million  Multicurrency Debt Issuance  Programme ISSUE SIZE:  TBD… Continue reading