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Markets & Investing

Courts Asia issues S$125m notes for debt repayment, general spending

981 reads

Issuance slated for May 2. Read ››

Hotung Investment Holdings names Yi-Sing Chan as director

139 reads

He was founder/chairman of Beijing Ruihe Intelligent Building Information Systems Company and CGen Digital Media Company. Read ››

TEE International's subsidiary eyes listing on SGX

273 reads

It has obtained eligibility letter from the Mainboard. SGX-Mainboard listed TEE International Limited announced that its wholly-owned subsidiary and the investment holding company for its real estate businesses, TEE Land Private Limited, has obtained a letter of eligibility-to-list from the Singapore Exchange Securities Trading Limited for the listing of and quotation for all of TEE Land’s issued ordinary shares. Read ››

Here's a rundown of the 3 portfolios under HSBC's Managed Solutions series

368 reads

Find out how you can invest in Singapore. HSBC recently introduced two new multi-asset investment platforms in Singapore. Read ››

Former Wilmar manager slapped with civil penalty for insider trading

378 reads

Fined $50,000 but no jail time. The Monetary Authority of Singapore (MAS) announced that it has taken civil penalty enforcement action against Mr Ang Kok Min for insider trading under Section 219(2)(a) of the Securities and Futures Act (SFA). Read ››

Courts Asia to set up S$500m debt issuance programme

172 reads

It appointed DBS and HSBC as joint arrangers. In a release, Courts Asia Limited announced that it had on 17 April 2013 signed a mandate letter for the establishment of a S$500,000,000 multicurrency debt issuance programme, appointing DBS Bank Ltd. Read ››

SGX third-quarter net profit rose 25% to $98 million

205 reads

As traded values and volumes surged. In a release, SGX announced it recorded revenue of $191 million from $164 million a year before, net profit of $98 million from $78 million, and earnings per share (EPS) of 9.1 cents from 7.3 cents. Read ››

China Fishery raises S$348m in rights issue

199 reads

Enthusiastic response from market. China Fishery announced the results of the renounceable underwritten rights issue today. Read ››

Why gold is not as lucrative an investment these days

346 reads

Falling prices, bearish sentiment prevail for now. In a new commodities outlook, OCBC breaks down the factors in recent months that have led to the steep decline of gold prices, which have plummeted below $1400/oz, and the possibility that the rest of year will continue to put pressure on the commodity. Read ››

Deutsche Bank expresses bearish bias on Singapore dollar

130 reads

See what positions you should be taking. Deutsche Bank also dismissed the idea of drawing confidence from Monetary Authority of Singapore's (MAS) decision to keep policy unchanged. Read ››

SEDCO Capital launches Shariah-compliant investment platform in Singapore

419 reads

Total AUM surpassed $1 billion. Read ››

Why consumer stocks are so hot right now

503 reads

Privatisations and valuations reach peak levels. Maybank Kim Eng noted that consumer stocks have displayed "a disproportionally large" number of stocks that have been privatised or taken over, at least compared to other sectors. Read ››

SGX and CFFEX sign co-development pact for derivatives markets

129 reads

Cooperation spans product development and info sharing. In a release, the Singapore Exchange (SGX) and China Financial Futures Exchange (CFFEX) announced the signing of a Memorandum of Understanding (MOU) to cooperate in the development of the derivatives markets in China and Singapore. Read ››

Singapore no longer has the biggest AsiaPac IPO of 2013

259 reads

$2.1 billion Thai listing now number one. According to Dealogic, the $2.1 billion IPO by BTS Rail Mass Transit Growth Infrastructure Fund in not only the biggest recorded IPO in Thailand, it is also the biggest to-date in Asia Pacifc in 2013, overtaking the $1.4 billion Singapore IPO of Mapletree Greater China Commercial Trust in February. Read ››

Best trading strategy for Straits Times Index revealed

1204 reads

Start by owning inexpensive big caps. According to UOB Kay Hian's updated Singapore market outlook and strategy, the next step would be to accumulate a high active return on investment from mid-cap companies, which could outperform large caps in 2013. Read ››

Singapore opens first IE Overseas Centre in Yangon, Myanmar

321 reads

To facilitate increased trade and investments. In a release, the International Enterprise (IE) Singapore announced the opening of its first Overseas Centre in Yangon. Read ››

Earnings recovery unlikely for Indian market

76 reads

See why Morgan Stanley is so pessimistic. In its latest India strategy research note, Morgan Stanley predicted that the Indian market is bound for near-zero earnings growth over the next year because of how returns on the index have been performing as of late. Read ››

Boustead Singapore divests investment in OM Holdings

167 reads

It expects to rake in S$0.5m net gain. In a release, Boustead Singapore Limited announce that it has divested its entire shareholding of 50,000,000 ordinary shares in OM Holdings Limited, an integrated manganese mining company listed on the Australian Securities Exchange. Read ››

What Singapore investors need to know about the First State Global Listed Infrastructure

389 reads

Capital growth and inflation-protected income in one. The First State Global Listed Infrastructure aims to provide investors with a combination of capital growth and inflation-protected income. Read ››

MAS implements new scheme to enhance investing in ASEAN capital markets

110 reads

Scheme takes effect April 2. In a release, the Monetary Authority of Singapore (MAS) announced the implementation of the ASEAN Disclosure Standards Scheme (Scheme) for multi-jurisdiction offerings of equity and plain debt securities in ASEAN together with the securities regulators in Malaysia and Thailand. Read ››

Tosei Corporation enters the SGX Mainboard

190 reads

Japanese firm seeks regional expansion through listing. In a release, the Singapore Exchange (SGX) announced that Tosei Corporation (Tosei) has listed on its Mainboard by way of a secondary listing via introduction. Read ››

Eastern Holdings invests S$10m in Schroder Fund

174 reads

It plans to generate more income and capital growth. Eastern Holdings announced that it has placed an order with Credit Suisse on 21 March 2013 to invest S$9,992,000 in the Schroder Asian Asset Income Fund based on Net Asset Value as at 26 March 2013 and with a settlement date on 26 March 2013. Read ››

Yoma Strategic Holdings forms new JV for Myanmar investments

211 reads

Partnered with FMI and SPA. In a disclosure to the Singapore Exchange, the board of directors of Yoma Strategic Holdings Ltd. Read ››

Baker & MacKenzie advises Temasek on its latest USD300m investment

482 reads

Temasek now has 26.1% stake in this Indonesian firm. Baker & McKenzie Singapore has advised Temasek Holdings on its USD300 million investment in exchangeable rights issued by a unit of PT Multipolar Tbk. Read ››

AllianceBernstein launches Select US Equity Portfolio in Singapore

372 reads

The portfolio maximizes risk-adjusted returns. Singapore Business Review talked to Ms. Read ››

S-REIT growth boom feared to be running out of steam soon

782 reads

Prices could "rationalise" as early as 2H13. Maybank Kim Eng said that fantastic growth that has so far been making S-REITs one of the hottest investments could dissipate sometime next year or early 2015. Read ››

Singapore grabs 10th spot in world's top investment markets

280 reads

All thanks to the Eurozone crisis. According to Cushman & Wakefield’s latest International Investment Atlas released today, eight of the top 20 investment markets are now in Asia. Read ››

Cleartrade Exchange launches liquidity scheme for Iron Ore Derivatives

93 reads

Get aggressive discounts on execution fees. In a release, Cleartrade Exchange (CLTX), the Singapore Regulated Futures Exchange, announced the launch of a new scheme for its members, offering discounts on existing execution fees in return for an upfront volume commitment. Read ››

Here's why everyone's crazy about investing in Iskandar, Malaysia

1736 reads

23 Singapore firms are scrambling for it. Acording to CIMB, Iskandar's proximity and lower operating costs (labour, utilities, rentals etc.) are its two main appeals to Singapore companies. Read ››

Boustead Singapore inks deal with Kinnarii Power Assets

205 reads

It'll enter solar power market in Japan with 73,001 new shares. Read ››

STX OSV retains spot on SGX

367 reads

After offeror Fincantieri only accumulated 55.6% shares. STX OSV will remain listed on SGX after Italian shipbuilder Fincantieri accumulated only 55.6% shares from STX OSV. Read ››

KSE's bondholders to get early redemption

121 reads

S$76.125m needed to satisfy 70% of old convertible bonds. According to OCBC Investment Research, as of 6 Mar 2013, bondholders of KSE’s earlier issue of convertible bonds (due 2015, but early redemption Mar 2013) have tendered notices for an early redemption. Read ››

SGX inks OTC clearing deal with KRX

155 reads

The latter will start clearing OTC derivatives mid-2013. Singapore Exchange (SGX) and Korea Exchange (KRX) have signed a Memorandum of Understanding (MOU) to jointly explore collaborations in the development of over-the-counter (OTC) financial derivatives clearing capabilities. Read ››

Asian FX futures coming to SGX by third quarter

111 reads

Find out the first four currency pairs. In a release, the Singapore Exchange (SGX) announced that it is adding Asian foreign exchange (FX) futures to its derivatives market in the third quarter of 2013, subject to regulatory approval. Read ››

KS Energy inks purchase agreement with OCBC and TAEL One

183 reads

It will issue S$45m in principal amount of new convertible bonds. Read ››

Be the first to know about HSBC's new Managed Solutions fund

591 reads

The minimum investment amount is $5,000 in USD, SGD, AUD or EUR. Read ››

ThaiBev joins ST Index

212 reads

After IHH Healthcare drops out from the constituents list. Singapore Press Holdings Limited (SPH), Singapore Exchange (SGX) and FTSE Group (FTSE) announced today that Thai Beverage will replace IHH Healthcare as a constituent of the Straits Times Index (STI) following the conclusion of the half-yearly review. Read ››

MGCCT IPO raises record $1.6b to become largest REIT IPO ever

262 reads

Third most actively traded counter on debut. In a release, Mapletree Greater China Commercial Trust (MGCCT) said that its stock closed at S$1.03 per Unit, 10.8% above its initial public offering (IPO) price of S$0.93 per Unit to become the third most actively traded counter on its first day of trading with a total of over 238 million Units changing hands. Read ››

Mapletree Greater China Commercial Trust enters the SGX Mainboard

555 reads

It's the largest REIT IPO to-date. Mapletree Greater China Commercial Trust listed on the Singapore Exchange (SGX)  Mainboard, under the stock code of “RW0U”. Read ››

KGI Capital joins SGX as first Taiwanese derivatives clearing member

168 reads

Also the 7th Taiwanese trading member. Read ››