Re: Interesting Bond issues
Thanks run
Update: please avoid indonesia for the next one-month first.
Thank you
Thanks run
Update: please avoid indonesia for the next one-month first.
Thank you
Avoid any investment in sinkapore. You can make better returns elsewhere and safer too.
Some reits are cutting dpu..
REITs price are usually inversely correlated to interest rates outlook.
http://sammyboy.com/showthread.php?182291-All-that-glitters-is-not-GoldI am thinking to buy gold/ silver.
Etf or physical.
Which one better?
Anybody can share their experiences/ views?
Thanks!!
Cheung Kong 5.125% Perpetual
http://em.cbonds.com/emissions/issue/20655
Lot Size: S$250K
Last Friday's Price: About 99 to 99.1 (including commission), excluding accrued interests.
Maturity: 2 more years (first-call date)
Advantage:
- The yields are high because this bond was issued years ago when interest rates were higher.
- Company owned by Mr Li Ka Shing's Cheung Kong Group. Cheung Kong Group owns properties and utility companies in HK.
- The parent company is ultra-rich now after offloading lots of assets in the past 1 year + their recent property launch is crazily oversubscribed in HK although property market is weak (they sold in micro 200sqft units). It is always safer to lend money to people who don't need to borrow.
- If they redeem back 2 years later, you enjoy 5.125%pa for 2 years + 1% bonus because it is trading below 100.
Risk:
- This is a shell-company based in offshore islands (for tax purposes), not based in Singapore or HK. (different jurisdiction).
- They are not legally obliged to redeem perpetual bonds. If they don't redeem back after on first-call date, you just continue to get 5.125%pa but the company's overal1 credit worthiness will be affected.
Objective: Buy bonds from safe issuers with short maturity. When property and market crashes 2-3 years later, switch from the matured bonds at 100% par to grab the bargains.
I is difficult to find such a good catch (safe company with 5% yield) with short maturity (2 years). Please note that RUN is not a professional or uni grad, therefore please seek your RM's advice on the underlying risks. That's all I know.
Please support our community. I hardly can find any place such so many locals anymore.
Latest price about 98.6
Mr Lee sells more assets for cash.
Li Ka-shing to sell Shanghai property assets worth HK$6 billion
Cheung Kong firms to sell Shanghai holdings worth up to HK$6b, bringing mainland and HK divestments in the past year to about HK$25b
http://www.scmp.com/business/companies/article/1572201/hutchison-disposal-confirms-li-land-bias
Read online he sold china but bought london.
Sorry didnt keep the link.
brother, I told u I have been buying the J counter below 5 cents. My info was correct; last night they announced that they were no longer losing money and slightly profitable in last quarter. But then the counter never moved wor. hahaha, so i am not always so lucky. i wasted 1 whole month ambushing the right counter but never rally.
Ah Run, what is this J counter?. Penny stock?.