Page 60 of 89 FirstFirst ... 3035404550555657585960616263646570758085 ... LastLast
Results 1,771 to 1,800 of 2656

Thread: BOND THREAD

  1. #1771
    Join Date
    May 2012
    Posts
    2,429

  2. #1772
    Join Date
    Jan 2013
    Posts
    62

    Default

    This has been one of my favourite funds since its inception primarily because they are incredibly boring. Boring is good. Beta is also tremendously low at approximately 0.3.

    No clients lost money on this.

    Quote Originally Posted by cbsh38584 View Post
    European central bank cut deposit rate into -ve for the 1st time. Going to Euro will soon be even cheaper. In 2007, Euro/SGD was 2.08. Today 1.71. The sad thing is that our SGD interest rate may not go up anytime soon.

    The poor will become even poorer & the mediocre will become poor if nothing is being done to the way they think. if the poor & Mediocre which did nothing to the current life as they assumed that everything will be fine & they follow the old way of thinking. Save their earning & keep in the bank. Their money in the bank will be eroded by the high inflation.

    Our government, Temasek is seriously thinking of offering RETAIL BOND to offer better return that bank deposit rate.

    For those who decided to take higher risk to go into equity .U know need know that the whole world is in manipulation. Manipulating everything from currency to commodity to stock to Government fake data , fraud accounting etc. So if U decide to take a higher risk to buy stock. You really need to be extra careful. Buy when there is fear in the market. Just be patience.

    GREED KILLS






    ===========================================
    Fullerton Fund Mgmt, a unit of SG state investor Temasek Holdings.

    Fullerton current portfolio average yield to maturity is est 3-4% and
    Duration is 3.3 years. It is important to consider the portfolio yield together with the duration risk.
    Fullerton has done a quite a good job of keeping the duration risk Relatively low. They actively manage this..


    Fullerton Income fund.
    Price : SGD 1.049
    52 week low? SGD 1.02
    52 week high? SGD 1.05

    Target dividend pay-out is 3%.
    Current div yield is est 4%

    Annual Expense Ratio *1.11% (as of September 30, 2013)
    Expense ratio is the fee charged by the investment company to manage the funds of investors.Expense ratio - .the lower the better.
    (Other bond fund expense ration between (1.1 to 1.8)

    Fund inception Since 2012
    >5% annual returns since inception

    Sharpe ratio - represents risk return reward, the higher the better. In the case of Fullerton income bond fund, for every 1 point of risk, you get 1.97 point of return. Anything above 1 is very good.


    rdgs,
    Vic

  3. #1773
    Join Date
    Jan 2013
    Posts
    62

    Default

    No disagreement here. I will however note that bankers need to eat too and it is a two way relationship, I.E. Let your banker make some money and he / she will ring you often for spotted opportunities.

    Russia was a terrific buy two months ago for a speculative play, not so much now.

    Quote Originally Posted by banana55 View Post
    Yes its possible to have them offer it at 100.40 nett, when broken up, it will be 100.00 for bond and 0.40 for commission. Since Issue FaceValue price is transparent at 100.00, the above can be implied or forced out from the horses mouth if necessary. Banks have a thing for billing on final nett figure, so you would have to ask, know, or imply. It's easier in this case when issue is at par FV of 100.00 and ignoring rebates.

    At UOB PV Retail previously, I've paid 100.20 for IPO on 100.00 FV Par issue. They told me openly they expect min. 20 cents for comms. To figure the truth, you have to be inside or an insider to know for sure.

    Some has explained that there is a floor figure which they need to charge, typically 0.20 for comms. Others have told me they can do it without comms at 100.00 FV for IPO. Common explanations are they their bond desk demands a spread/fee for transacting or the house imposed a minimum fee rule for executing bonds, regardless IPO or secondary. Its all down to either or both of these elements:

    1. Platform limitations
    2. RM's appetite

  4. #1774
    Join Date
    Mar 2008
    Posts
    706

  5. #1775
    Join Date
    Apr 2010
    Posts
    1,788

    Default

    Quote Originally Posted by starrynight View Post
    Aspial issued a 5 year bond at low 5+% today.

    DBS Treasures offered their client at 100.40. DBS Private Client offered their clients at 100.00. Can like that one meh?

    Today price 99.8

  6. #1776
    Join Date
    Mar 2008
    Posts
    706

    Default

    Thanks. 99.8 is the retail customer buy price?

    Quote Originally Posted by Lovelle View Post
    Today price 99.8

  7. #1777
    Join Date
    Apr 2010
    Posts
    1,788

    Default

    Quote Originally Posted by starrynight View Post
    Thanks. 99.8 is the retail customer buy price?
    105.0 to bid

  8. #1778
    Join Date
    Apr 2013
    Posts
    23

    Default

    Anyone bidded for the new issue FCL Treasury 5+% perp bond?

  9. #1779
    Join Date
    Apr 2013
    Posts
    23

    Default

    10 years step up 100 basis point, dividend stopper and pusher all yes. Looks very similar to mapletree treasury perps.

  10. #1780
    Join Date
    Mar 2008
    Posts
    706

    Default

    Looks like yield finally fixed at 4.88%

    Quote Originally Posted by Scg8866t View Post
    10 years step up 100 basis point, dividend stopper and pusher all yes. Looks very similar to mapletree treasury perps.

  11. #1781
    Join Date
    Mar 2008
    Posts
    706

    Default

    Bloomberg article on bond issuances in China being canned last week: http://www.bloomberg.com/news/2014-1...elds-jump.html

  12. #1782
    Join Date
    Mar 2008
    Posts
    706

    Default

    Business Times article on bond mkt in Singapore recently: http://www.businesstimes.com.sg/bank...nk-bid-falters

  13. #1783
    Join Date
    May 2008
    Posts
    9,279

    Default

    yup, people who blindly bought swiber bonds kenna burnt.

  14. #1784
    Join Date
    Mar 2008
    Posts
    706

    Default

    Some tranches of Alibaba bonds are already under-water: http://www.businessweek.com/news/201...ba-disappoints

  15. #1785
    Join Date
    Apr 2011
    Posts
    1,099

    Default

    How about eastspring monthly fund?

  16. #1786
    Join Date
    Mar 2008
    Posts
    706

    Default

    I'm not sure which Eastspring bond fund you are referring to, but you can see weekly, monthly price performance here: https://secure.fundsupermart.com/mai...rateTable.svdo

    Quote Originally Posted by newbie11 View Post
    How about eastspring monthly fund?

  17. #1787
    Join Date
    Jan 2011
    Posts
    1,081

    Default

    I started to go into fixed income in 2010 after the Lehman crisis in 08/09. It is the Lehman crisis that really make me wake up for all the past stupid mistakes I made. I also learn that all investment products are all manipulated by big traders. Of course the biggest manipulators is the US FED. Do not trust the recommendation from GS , CS , Citi , JP , local securities houses, your friends/colleague/relatives, bankers & remisers. Big banks are being fined billions of dollars for manipulating FX , GOLD/OIL , stock , Sibor , Libor etc etc. Only trust "FEAR".


    Let make investing simple.
    1.Money is made by sitting, not trading all the time.

    2. Most successful investors, in fact,do nothing most of the time

    3. It takes time to make money. Just be very very patience.

    3.Once every few years, there will be a crisis. So be very patience

    4.There is a time for all things, but you & I don't know when. But we know that when there is extreme fear in the mkt. It is the time to invest.

    5.Many humans are deceitful at heart. Never trust their recommendation.

    6.Loser investors have very short memories. They are CONDEMNED to REPEAT the same mistakes again.

    7.HERD & GREED investing are GUARANTEE for failure in long run.

    8.You don’t need extraordinary IQ of 160 or a MASTER degree or PHD holder to succeed as an investor. But U need a lot of EQ.

    9.I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.

    10. The way to make BIG money is to buy when blood in the street. If U invested in OSIM $60000 in 2008.In July14, is worth $2.6 million.

    Last but not least. Health is a priceless wealth. Invest while you can.


    Fool me ONCE , shame on YOU.
    Fool me TWICE, shame on ME.
    Fool me 3RD TIME, how STUPID I am.
    Fool me the FOURTH TIME, I need to be CONDEMNED.
    Fool me the FIFTTH TIME, SIX TIME ... I am really a hopeless GAMBLER, not a investor. The final tragedy hopeless GAMBLER stage will bring financial disaster to his/her family.

  18. #1788
    Join Date
    Jan 2011
    Posts
    1,081

    Default

    This is what I did since 2010.

    Central China real estate SGD corporate bond 10.75% due May 2016. CapitaLand is one of the substantial share holders in CCRS.

    Amount at par (100) = S$250k
    LTV = 60%
    Cash required = 40% X $250 = $100k.
    Coupon yield = 10.75%
    Coupon paid = S$26,875
    Interest = 1.1% & custodian fee = 0.2%
    Interest & custodian paid = S$3250
    Net cash = S$26,875 - 3250 = S$23,625
    ROI on cash = 23,625/100,000 = 23.6%.

    I have been using debt to generate income since 2010. I.e leveraging.
    I buy short dated bond due 2016/17/18. Trikomsel due 2016.
    I buy bond during mini crisis. VTB bank SGD 4% due Jul 2015
    I buy bond where SG or China government is one of the stake holders. OLAM/Citi pacific
    I buy bond where most of the bond fund (unit trust) hold it. Like citi pacific perp 8.25%
    I do buy HDB bond to bal my bond portfolio.
    I buy at par & will sell for capital gain later & switch to new IPO bond.
    I buy bond.The coupon paid will be reinvested in my kids saving plan as well as my retirement plan.
    I buy bond. The coupon paid will be accumulated to buy my next property in 2015/16.

    I am a risk take. I buy China developer bond. If U are a new investor. Buy blue chip bond. My 1st bond is DBS perp bond in 2010.
    Capland , OUE etc.

  19. #1789
    Join Date
    Mar 2008
    Posts
    706

    Default

    Thanks Vic - if the mkt corrects and you enter again, do tell us so we can be guided by your moves please

    70% of my bond holdings are maturing in the next 12 months or less, including all of the ones I have on leverage. DBS lets me lock in the interest rate so I sleep quite soundly at night.

    Any views whether the Ezra perp will be recalled in Sept next year? Otherwise they will have to step up the coupon by 3%. Q tempting to me.

  20. #1790
    Join Date
    Mar 2008
    Posts
    706

    Default

    This is more about equity rather than bonds, but info on upcoming Keppel Data Centre REIT: http://www.financeasia.com/News/3924...ily_newsletter

  21. #1791
    Join Date
    Nov 2008
    Posts
    9,217

    Default

    I am also a bond lover since 2007/8. I have sold off my Capland bonds recently at 99.7 to take profit as I bought at 94. Not bad dividend and capital gain. Still holding on to Olam, FCL, etc. as they are maturing in a couple of years time.
    Quote Originally Posted by cbsh38584 View Post
    This is what I did since 2010.

    Central China real estate SGD corporate bond 10.75% due May 2016. CapitaLand is one of the substantial share holders in CCRS.

    Amount at par (100) = S$250k
    LTV = 60%
    Cash required = 40% X $250 = $100k.
    Coupon yield = 10.75%
    Coupon paid = S$26,875
    Interest = 1.1% & custodian fee = 0.2%
    Interest & custodian paid = S$3250
    Net cash = S$26,875 - 3250 = S$23,625
    ROI on cash = 23,625/100,000 = 23.6%.

    I have been using debt to generate income since 2010. I.e leveraging.
    I buy short dated bond due 2016/17/18. Trikomsel due 2016.
    I buy bond during mini crisis. VTB bank SGD 4% due Jul 2015
    I buy bond where SG or China government is one of the stake holders. OLAM/Citi pacific
    I buy bond where most of the bond fund (unit trust) hold it. Like citi pacific perp 8.25%
    I do buy HDB bond to bal my bond portfolio.
    I buy at par & will sell for capital gain later & switch to new IPO bond.
    I buy bond.The coupon paid will be reinvested in my kids saving plan as well as my retirement plan.
    I buy bond. The coupon paid will be accumulated to buy my next property in 2015/16.

    I am a risk take. I buy China developer bond. If U are a new investor. Buy blue chip bond. My 1st bond is DBS perp bond in 2010.
    Capland , OUE etc.

  22. #1792
    Join Date
    Nov 2008
    Posts
    9,217

    Default

    Global equity fund by JPmorgan / Blackrock seems interesting. Have started buying equity funds six months ago.
    Quote Originally Posted by starrynight View Post
    This is more about equity rather than bonds, but info on upcoming Keppel Data Centre REIT: http://www.financeasia.com/News/3924...ily_newsletter

  23. #1793
    Join Date
    Jan 2011
    Posts
    1,081

    Default

    Quote Originally Posted by starrynight View Post
    Thanks Vic - if the mkt corrects and you enter again, do tell us so we can be guided by your moves please

    70% of my bond holdings are maturing in the next 12 months or less, including all of the ones I have on leverage. DBS lets me lock in the interest rate so I sleep quite soundly at night.

    Any views whether the Ezra perp will be recalled in Sept next year? Otherwise they will have to step up the coupon by 3%. Q tempting to me.

    Just last mth, I bought Shui on USD perp bond 10.25% @97.8 when there is a mini correction. It went down from 103 to 97+. So I took the chances to buy it.
    Now it is 100.5. This is to replace my citi pacific USD perp bond 8.25% which I sold in Sept'14 @115 (bought @94.7). My profit for citi pacific is almost S$100k for holding 20 mths. If I am more aggressive. I will not sell the citi pacific perp. But I tell myself not to borrow too much or too greedy. So I sold & replace another new perp bond.


    Sorry, I don't have Ezra perp bond 8.75%. Because it is trading below par 98-99 (need to check the price again) . the chances maybe 50-50.
    Hope US Fed will not raise the interest rate to aggressively next yr.

    My banker told me that the recent new issued 7% Ezion perp is to replace the older Eizon perp bond 7.8% due next yr.
    The older Ezion perp bond 7.8% due 2015 is also trading above par 102-103 vs Ezra perp bond 8.75% due 2015 trading @ 98-99.
    I think U may need to check with other banker from other bank to seek for more info.

  24. #1794
    Join Date
    Mar 2008
    Posts
    706

    Default

    MAS report released this week:

    Corporate debt-to-GDP ratio hit 78% in Q2, versus 52% in Q2 2008: https://sg.finance.yahoo.com/news/ma...inkId=10774492

    http://www.todayonline.com/singapore...household-debt

    Looks like CMs even less likely to go away any time soon

  25. #1795
    Join Date
    Jan 2011
    Posts
    1,081

    Default

    Ezion, Ezra, Swiber, etc, all oil related counters dropping >2% - 4%.

    Just one mth ago (Oct14) , the banker propose a attractive 6 mths FCN on China CNOOC & Petro China.
    K.O @ 100% spot price. Coupon 10% 6mths period.

    Sometimes, by looking at what the bank issuing the FCN investment derivative product on the oil & gold
    with deep barrier or attractive coupon etc. It may able to provide a 3rd eye to predict the future oil & gold
    stock movement ahead.


    CNOOC = Spot 12.48
    Strike = 92% of 12.48 = 11.48 (only when it close @barrier 9.98)
    Barrier = 80% of 12.48 = 9.98
    Today price @ 11.83

    Petro China = Spot 9.60
    Strike = 92% of 9.60 = 8.83 (only when it close @ barrier 7.68)
    Barrier = 80% of 9.60 = 7.68.
    Today price @8.34

  26. #1796
    Join Date
    Nov 2008
    Posts
    9,217

    Default

    Kep Corp going to drop below $9.
    Quote Originally Posted by cbsh38584 View Post
    Ezion, Ezra, Swiber, etc, all oil related counters dropping >2% - 4%.

    Just one mth ago (Oct14) , the banker propose a attractive 6 mths FCN on China CNOOC & Petro China.
    K.O @ 100% spot price. Coupon 10% 6mths period.

    Sometimes, by looking at what the bank issuing the FCN investment derivative product on the oil & gold
    with deep barrier or attractive coupon etc. It may able to provide a 3rd eye to predict the future oil & gold
    stock movement ahead.


    CNOOC = Spot 12.48
    Strike = 92% of 12.48 = 11.48 (only when it close @barrier 9.98)
    Barrier = 80% of 12.48 = 9.98
    Today price @ 11.83

    Petro China = Spot 9.60
    Strike = 92% of 9.60 = 8.83 (only when it close @ barrier 7.68)
    Barrier = 80% of 9.60 = 7.68.
    Today price @8.34

  27. #1797
    teddybear's Avatar
    teddybear is offline Global recession is coming....
    Join Date
    Mar 2009
    Posts
    10,800

    Default

    Corporate debt so high then they should target corporate debt directly!

    Cooling measures for residential properties are just for residential properties, and if debt is high, then they should start to mandate that HDB flat owners cannot own HDB flats and private condos at the same time since most of the time, the marginer property owners come from this group!

    Anyway, it doesn't make sense that HDB flat owners can buy condos while condo owners cannot buy HDB flat too! This law is just NOT EQUITABLE and do not treat all fairly!

    Quote Originally Posted by starrynight View Post
    MAS report released this week:

    Corporate debt-to-GDP ratio hit 78% in Q2, versus 52% in Q2 2008: https://sg.finance.yahoo.com/news/ma...inkId=10774492

    http://www.todayonline.com/singapore...household-debt

    Looks like CMs even less likely to go away any time soon

  28. #1798
    teddybear's Avatar
    teddybear is offline Global recession is coming....
    Join Date
    Mar 2009
    Posts
    10,800

    Default

    Beware of oil and shipping related counters, regarding of shares or bonds!
    One day, one of these marginer junk bond companies will go kaput and send repercussions throughout Singapore!


    Quote Originally Posted by cbsh38584 View Post
    Just last mth, I bought Shui on USD perp bond 10.25% @97.8 when there is a mini correction. It went down from 103 to 97+. So I took the chances to buy it.
    Now it is 100.5. This is to replace my citi pacific USD perp bond 8.25% which I sold in Sept'14 @115 (bought @94.7). My profit for citi pacific is almost S$100k for holding 20 mths. If I am more aggressive. I will not sell the citi pacific perp. But I tell myself not to borrow too much or too greedy. So I sold & replace another new perp bond.


    Sorry, I don't have Ezra perp bond 8.75%. Because it is trading below par 98-99 (need to check the price again) . the chances maybe 50-50.
    Hope US Fed will not raise the interest rate to aggressively next yr.

    My banker told me that the recent new issued 7% Ezion perp is to replace the older Eizon perp bond 7.8% due next yr.
    The older Ezion perp bond 7.8% due 2015 is also trading above par 102-103 vs Ezra perp bond 8.75% due 2015 trading @ 98-99.
    I think U may need to check with other banker from other bank to seek for more info.

  29. #1799
    Join Date
    Dec 2011
    Posts
    1,763

    Default

    The Oil Price will Start the next Stock Market Boom…

    November 20, 2014 at 2:34 pm by Kris Sayce
    Tags: australian market, commodities, oil and gas, oil price, stock market boom, stock market bubble

    Here’s a good sign for what I believe is just the start of an almighty asset price boom (more below).
    USA Today reports:
    ‘Walmart beat Wall Street expectations for the third quarter and executives say they’re optimistic about a successful holiday season heading into the fourth quarter.
    ‘Walmart shares finished up 4.72% to $82.94 Thursday.
    ‘The company reported earnings per share of $1.15, or $3.71 billion, Thursday. Revenue was $119 billion, better than analyst expectations of $118.35 billion.’
    OK. Walmart didn’t beat estimates by a country mile. It’s more of a close shave than that.
    But the stock reaction tells you how negative investors and the market are right now on stocks. For the company to be that close and for the share price to skyrocket by nearly 5%, it says that most investors expected Walmart to miss estimates…and miss them big.
    Walmart’s results helped push the US S&P 500 index to within a sniff of another record close. Even an average evening on Wall Street tonight should see the index beat that record.
    As for the Aussie market, the word ‘dull’ springs to mind.
    The one market you can’t call dull continues to be the oil market…
    The boom is coming
    It may be an exaggeration to call it a bloodbath, but heck, what’s wrong with a little exaggeration now and then?
    The falling oil price is a subject we’ve covered in depth. We make no apology for that. The oil price is the key to everything. It’s the most important commodity there is.
    Forget gold or even iron ore. There will always be a demand for iron ore. Building developers need iron ore all the time. Building projects around the globe are going at breakneck speed.
    Controversial economist Phillip J Anderson explained as much in his latest research report for Cycles, Trends & Forecasts:
    ‘Today, we have huge railway projects around the world, in planning or soon to be under construction. This time will be no different. Some of these rail lines are large — no, huge — engineering projects. The gains will be astonishing.’
    He goes on to talk about the building projects in China, Japan, South and Central America, and even Europe. If you don’t already get Phil’s commentary on economic cycles and trends, you can find out how to get it here.
    There’s no shortage of demand for iron ore. Folks will build things whether iron ore is US$50 a tonne or US$150 a tonne.
    In a way, the same has been proven true for oil. Despite the oil price climbing from US$20 to over US$140 in 10 years, the demand for and supply of oil kept rising.
    The following chart shows the quarterly world demand for oil since 2012…a period of relatively high oil prices:

    Source: International Energy Agency
    As you can see, demand increased from just below 90 million barrels per day in the first quarter of 2012, to an expected level above 92 million barrels per day in the first quarter of 2015.
    However, here’s the difference. And this is really important…
    99% of the Aussie population — scratch that, the world’s population — couldn’t give a stuff about iron ore prices. No one cares.
    No one drives to work, looking at the price of iron ore on big price boards every two or three kilometres. No one decides to shop at Aldi instead of Woolworths because iron ore has jumped from US$80 to US$140.
    No one decides to downsize their car because of high iron ore prices.
    But they do when oil and petrol prices are high.
    This is why the oil price is so important. It has an impact on consumer sentiment like no other commodity. Providing the oil price stays around this level, or even goes lower, I see this as the starting point for the next stock market boom…
    …a boom few others can see coming.
    Ahead of the curve
    If and when the market does boom, some of the biggest gainers will be the small-cap speculative stocks.
    Small-caps generally do well in a boom because investors are always looking for the next big thing.
    In fact, it’s this drive to find better and better stocks that leads to share prices becoming overvalued.
    You see this happening all the time. The best stocks in a sector take off first. The natural reaction for investors is to look for the next best stocks. So they start buying up those.
    Then investors who missed out on that wave start looking for the next best…and so on. Eventually, ‘best’ becomes a rather inappropriate word. It’s more a case of ‘what’s left’.
    This story has played out a lot in the commodities sector in recent years. It happened with rare earths, uranium, potash, graphene, gold, and many others.
    One company finds a bumper resource, and suddenly every man and his dog claims that they too have found a huge resource.
    I remember the uranium boom of the early to mid-2000s. Punters were so desperate to back uranium stocks that even companies with nothing more than a permit to explore for uranium saw their stock prices double, triple, quadruple and more.
    Soon after, prices collapsed.
    Surely that sort of madcap boom and bust market couldn’t happen again, could it? Are you kidding! Of course it could…and it will.
    This is the scenario I painted in the October issue of Tactical Wealth. When oil prices fall, consumers will feel as though they’ve gotten a pay rise. What follows will be rising confidence, the willingness to take more risks with their higher disposable income, and higher asset prices.
    That’s why investors can’t afford to sit on the sidelines. They have to invest…they have to speculate. But they also have to know when it’s time to get out.
    Kris Sayce,
    Editor, Tactical Wealth

  30. #1800
    teddybear's Avatar
    teddybear is offline Global recession is coming....
    Join Date
    Mar 2009
    Posts
    10,800

    Default 3-MTH SOR jumping!

    As of today,
    3month SIBOR = 0.42820%
    3month SOR = 0.40924%

    How will rising SOR affect bond yield?

Similar Threads

  1. Replies: 0
    -: 29-09-21, 18:02
  2. Fed Officials Prepare for November Reduction in Bond Buying
    By reporter2 in forum Coffeeshop Talk
    Replies: 0
    -: 10-09-21, 19:51
  3. Bond yield normalization thread
    By phantom_opera in forum Coffeeshop Talk
    Replies: 16
    -: 20-08-13, 07:43
  4. Would CPF SMRA be pegged to 10y SGS bond yield + 1 soon?
    By phantom_opera in forum Coffeeshop Talk
    Replies: 19
    -: 10-12-12, 22:34
  5. United Emerging Markets Bond Fund
    By irisng in forum Coffeeshop Talk
    Replies: 21
    -: 16-10-12, 08:20

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •