Changi Airport Group results: https://links.sgx.com/FileOpen/CAG%20Group%...t&FileID=805948

The Malaysia-Singapore causeway is about to reach 100 years old.

https://archive.ph/zrNtr

OCBC insists they will not raise the conditional offer price for GE shareholders.



OCBC press release: https://links.sgx.com/FileOpen/Media_Releas...t&FileID=806742

GE announcement: https://links.sgx.com/FileOpen/Voluntary_ge...t&FileID=806738

IFA deal is not fair but reasonable: https://www.businesstimes.com.sg/companies-...fer-price-final

IFA circular to GE shareholders: https://links.sgx.com/FileOpen/GEH%20Offere...t&FileID=806734

Reuters Breakingviews

Tiny Singapore's chip hub retains a big punch
By Robyn Mak and Anshuman Daga

https://www.reuters.com/breakingviews/tiny-...nch-2024-06-21/

GE shareholders beware! The 90% threshold has been met.

OCBC garners over 90% of Great Eastern’s shares; trading in insurer to suspend at close of offer
As the number of the insurer’s shares held by the public is now below 10%, the counter will be suspended from trading after the offer closes on Jul 12

https://www.businesstimes.com.sg/companies-...end-close-offer

GE SGX announcement: https://links.sgx.com/FileOpen/Voluntary_Un...t&FileID=807471

This post has been edited by TOS: Jun 24 2024, 11:29 PM

FT Opinion: Inside Business

Singapore’s ‘Fomo’ amid the rise of the AI data centre
Like many other countries it has underestimated how demand is going to expand in coming years

https://archive.ph/bl2dd

It's tomorrow!

Some old photos: https://johor.sinchew.com.my/news/20240627/...71948421790394f

https://johor.sinchew.com.my/news/20240627/johor/5718665

Responses to questions on OCBC's offer for Great Eastern Holdings from SIAS

https://links.sgx.com/FileOpen/OCBC-Respons...t&FileID=807971

FT Temasek Holdings Pte Ltd

Temasek on deal hunt to boost returns for Singapore
State-owned fund urges local companies it backs to become more global and grow through acquisitions

https://archive.ph/vOIoo

SG banks are having a good time these 2 days. OCBC and UOB reached ATH. DBS breached 38 SGD a piece.

Hi I am planning to open SGX account to buy SG bank stocks. If i open an individual account now, can I list some beneficiaries in case I am
no longer around? Would I be allowed to switch to joint account in future?

Hi.

That depends on where and how you open your brokerage accounts.

Most likely you will open your brokerage accounts via brokers like IBKR, Moomoo, FSM SG/MY etc. These are nominee accounts where your shares are held in the name of your brokers. You won't get to attend AGMs/EGMs and will not receive annual reports and/or other documents from your companies but the brokerage fees are very cheap.

There is also CDP account where the shares are held in your own name. You then link your broker(s) with your CDP account. Shares bought in this way are considered to be held under your name directly and you receive notifications/reports/documents from your companies via CDP.

-----------------------------

Back to your question. If your broker(s) is/are based in Commonwealth nations like UK (e.g. IBKR UK) and Singapore (Moomoo SG, IBKR SG, FSM SG etc.), you may list your brokerage account holdings together with your other assets in your Malaysia will. Otherwise, like in my case with IBKR LLC, you will need to have a separate will in the US. or you may choose to consolidate your holdings in Malaysia prior to writing your Malaysia will to make life easier for the estate administrator when you are no longer around.

Most brokers and CDP allow joint accounts. Do check if you want a joint-alternate account or joint-And account.

https://www.sgx.com/securities/retail-inves...urities-account

Hope that helps.

FT Opinion | Outlook

Singapore tries to break free of the ‘Crazy Rich Asians’ cliché
Locals are questioning the government schemes that have enticed wealthy expats

by MERCEDES RUEHL

https://archive.ph/FFl9m

Singapore is a victim of its own success...

Temasek's annual report is out:

Portfolio review: https://www.temasekreview.com.sg/performanc...rmance-overview

BT reports: https://www.businesstimes.com.sg/companies-...turn-1-6-fy2024

Last month saw DBS at $36 so expensive, didn't buy so put money into T-bills. Mana tau, today DBS at $38. Cry no use


ps: congrats to all DBS shareholders

This post has been edited by frostfrench: Jul 10 2024, 03:56 PM

Thank You.

Someone mentioned about this: Astrea 8 CFOs are now being offered.

https://www.azalea.com.sg/a8/overview

I find 4.35% a ridiculously-low credit spread over the risk-free SG T-bonds, especially compared to Astrea 7's 4.25% p.a. They just add a mere 10 basis points when macro interest rates have risen substantially from the time when A7 was issued in May 2022.

SSB May 2022 yielded 2.37% p.a., 4.25% was a spread of 1.88% p.a. but now SSB August 2024 yielded 3.2-3.3% and the spread of A8 is a mere 4.35-3.25 = 1.1% p.a.

Consider the underlying constituent PE funds are holdings junk bonds and leveraged small/micro-caps which don't and shouldn't do well in the current macro environment, the reduced spread is ridiculous at best...

-----------------------------------

Some useful links (MUST Read):

1. https://www.ft.com/content/e4c4fd61-341e-4f...46-796fc3bdcb03

(No paywall version: https://archive.ph/ZLiyx )

2. https://forum.lowyat.net/index.php?showtopi...ost&p=106502708

3. https://forums.hardwarezone.com.sg/threads/...#post-153021060

-------------------------------------

Caveat emptor!

This post has been edited by TOS: Jul 11 2024, 12:05 PM

Strongly agreed. I thot could get around 4.80%.

But the USD Tranche (AStrea 8A2) is worth it - 6.70% !!!!!!!!!!

Uhmm A8 Class A2 is 6.35% p.a., current 5-7 year USD yield curve is 4.24% p.a. = 2.11% spread...

https://www.longtermtrends.net/bond-yield-credit-spreads/

https://en.macromicro.me/charts/930/us-credit-spread

I would say somewhere around 4-5% is a reasonable spread based on the current credit spread profile we see in the US high-yield market.