Daily Briefing: Bond market to face headwinds this year; Cambridge Industrial REIT to ditch stakes in Ubi Avenue

And here are some stock investing strategies.

In 2016, Singapore’s bond market faced a series of defaults as companies associated with the oil and gas sector found themselves in a position where they were unable to meet their repayment commitments. According to a report in Bloomberg, five Singapore firms defaulted on bonds of a total value of nearly S$1bil last year. Swiber Holdings failed to meet its coupon payments repeatedly. The company is a provider of services to the offshore oil industry. Recently, it has been under investigation by the Commercial Affairs Department, a branch of the Singapore Police Force. A newspaper report states that the reason for the investigation is not clear. Read the rest of the story here.

Singapore-listed industrial REIT, Cambridge Industrial Trust, will dispose a property at 55 Ubi Avenue 3 for SGD22.1 (USD15.5 million) to an undisclosed buyer. The property, a five-storey light industrial building with approximately 141,135 square feet of gross floor area, has remaining land tenure of approximately 39 years. According to a statement issued by the REIT on 23 January, the divestment originated from an unsolicited enquiry on the property. Get to know the details of the planned divestment here.

For most investors stock holdings make up a significant portion of their overall wealth regardless of how diversified they are in other investment vehicles. When investing in the stock market, there are numerous investment strategies for investors to take, each of which has its own pros and cons for each individual to consider. So which one do you think suits you best? Click here to know.
 

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