WAiting for some aussie banks stock to fall so I can buy more of it!
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Chitchat Bond investors in Spore be careful
- Thread starter johnny333
- Start date
WAiting for some aussie banks stock to fall so I can buy more of it!
Europe ran out of liquidity yesterday afternoon (singapore time)
http://www.zerohedge.com/news/2016-...xposed-europe-deutsche-bank-contagion-spreads
On our local front, the Lehmen moment for Singapore has already arrived and our government failed to inject liquidty to bond market like ECB. Actually, many of the issuers will not fold or default, it is just that there is no liquidity.
Is the ECB Running Out of Bonds to Buy?
http://www.bloomberg.com/news/artic...te-bond-holdings-as-securities-lending-starts
Everybody also lost in share. Look at what you have
Oh Thank you hahaha
http://www.straitstimes.com/business/companies-markets/perisai-bonds-on-shaky-ground
A second Singapore-dollar bond default from the hard-hit oil and gas industry could be on the cards.
Kuala Lumpur-listed offshore services firm Perisai Petroleum Teknologi and its bond holders are struggling to come to an agreement on the $125 million worth of notes due to mature next Monday.
And Singapore-listed Ezra Holdings, with a 22.5 per cent stake in Perisai via two units, could find itself in jeopardy too should the firm fail to redeem its bonds. The two firms are linked through a US$43 million (S$59 million) put option...
A second Singapore-dollar bond default from the hard-hit oil and gas industry could be on the cards.
Kuala Lumpur-listed offshore services firm Perisai Petroleum Teknologi and its bond holders are struggling to come to an agreement on the $125 million worth of notes due to mature next Monday.
And Singapore-listed Ezra Holdings, with a 22.5 per cent stake in Perisai via two units, could find itself in jeopardy too should the firm fail to redeem its bonds. The two firms are linked through a US$43 million (S$59 million) put option...
Background:
Perisai is also partially-owned by EMAS Offshore
EMAS Offshore is also partially-owned by Ezra
The put option to sell its 51 per cent stake in SJR Marine will enable Perisai to strengthen their working capital. That is one part of the story.
In another story........at the end of 2015, Ezra bailed out EMAS by paying about US$56million which is appx. 4x premium, for EMAS's 12%+ stake in Perisai. Since then, shareholders punished Ezra sent Ezra's share price crashing down 50% for 2 months.
https://www.fool.sg/2015/12/17/did-ezra-holdings-ltd-just-bail-out-emas-offshore-ltd-from-trouble
Ezra is one of the rare holding companies that sacrificed so much of themselves, to bail out subsidiaries and associate companies.
Bond issuers in trouble threatening retirees’ and family monies
http://theindependent.sg/bond-issuers-in-trouble-threatening-retirees-and-family-monies
http://theindependent.sg/bond-issuers-in-trouble-threatening-retirees-and-family-monies
I was wondering if they would have been better off diversifying their bond holdings via an index bond fund?
I dunno whats wrong with Deutsche bank,but its not a underlying systemic fault,its not like all the other banks are infected with these trillion dollar toxic assets.so let it blow.
Chancellor Angela Merkel and U.S. President Barack Obama did not discuss U.S. authorities' demands for Deutsche Bank to pay a fine of up to $14 billion during a phone call on Thursday, a German spokeswoman said on Friday.
"The conversation with Obama concerned Ukraine and Syria, and was not about other issues," the spokeswoman told a regular government news conference in Berlin when asked whether the U.S. demand was raised during the phone call.
A Finance Ministry spokesman said: "We are making no comment whatsoever on any speculation about Deutsche Bank." The German government this week denied a newspaper report that it was working on a rescue plan for the bank whose problems are sending tremors through global markets. (Reporting by Paul Carrel and Michael Nienaber)
http://www.reuters.com/article/germany-deutsche-bank-government-idUSB4N19L006
And today, announced settlement soon, with figure reached with DOJ... lol...
"The conversation with Obama concerned Ukraine and Syria, and was not about other issues," the spokeswoman told a regular government news conference in Berlin when asked whether the U.S. demand was raised during the phone call.
A Finance Ministry spokesman said: "We are making no comment whatsoever on any speculation about Deutsche Bank." The German government this week denied a newspaper report that it was working on a rescue plan for the bank whose problems are sending tremors through global markets. (Reporting by Paul Carrel and Michael Nienaber)
http://www.reuters.com/article/germany-deutsche-bank-government-idUSB4N19L006
And today, announced settlement soon, with figure reached with DOJ... lol...
Safer SGD bonds yield about 3-6%pa and the fund fees and charges will wipe out 1-2% (eg. Annual Expense Ratio: 1.2-1.5%)
Eg. https://secure.fundsupermart.com/main/fundinfo/viewFund.svdo?sedolnumber=ALZ198
Assuming no leverage, investors are left with 2-4.5% yield.
Of course, many banks offers leverage to their clients who invests in bond unit trusts, so they leveraged their positions in bond unit trusts get enjoy higher yields (and higher risks)
For most who don't want to use leverage for fixed-income instruments, Fixed income unit trusts are not efficient.
Problem with investing in bonds issued in Spore is that the Sporean consumer have few rights or protection if there is a problem. Am I right?
Can one use CPF to buy these bonds? If they are providing a 2 to 4.5% yield then it should be higher than 2.5% the interest rate given by CPF. My CPF investments are really going nowhere. I am frequently asked to top up to pay for the administrative costs of the fund.
Cashing out from stock market and having "huge" (very, very relative) amount in precious metals is not predicting market crash. Only by actual shorting and having put options then can be called thus; at best, they can only be called hedging or predicting precious metals price will go up.
You mean etfs bonds? Like this? 0.2% cheaper then unit trust.
https://www.vanguardinvestments.com.au/adviser/jsp/investments/etf?portId=8208##overview-tab
Yes exactly, it is an example of an investment giving a better rate of return then the CPF.
Strange isn't it that most of the approved CPF investments schemes are making loses. Shows how unfair the PAP has been to the "lesser mortals" of Spore.
CPF is just a government tax. How else is the PAP going to have any $ for local companies?
Everything I have is invested in Malaysian & US equities & my investments are returning a dividend of 50k to 100k .
I just need 50k/year for daily use & re-invest the balance that is left.
no worries folk! it's not going to be a lehman moment assured by my scout previously from Rothschild.
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