return too low 4.85%

Better go for tropicana 10.43%
this I bought  from bankers 2019,
the  price drop is tempting..

1)Debts high
2)sales so so only
3)outlook rated as negative
4)call back people think unlikely, no money to redeem..
5) Panick sellers

She already advised me to sell sometime ago at around RM99
she told me all her other clients already exited.
i hate selling below cost
also the coupon so high 7.0%
she wouldnt know if i quietly buy from FSM
the DRB Hicom bonds i quietly bought some from FSM

in this Tropicana cheap sale i tried to get from her at below FSM price
she tried and got it but ..
after she put me on videoconference
with the head Investment Advisory & Research ,
prior to taking my signature, i changed my mind at last.

she was just doing her job in case i got burnt she had done her part.
like docs getting informed consent,
telling you all the highest possible risk of injury, dying from this and that
sudah dengar takut sampai boleh lari...

if true the outlook should change from negative to neutral, let me ask Pak Sing from CIMB.
efficient in the sense market moves accordingly.
Outlook negative price drops.

liquid is iF you dont mind the cheap price,
sell people would buy you get your money.

really? but many bond investors will say that malaysia's bond market is efficient and liquid... ... 

What'll happen to their bonds now that Sunway wanna sue them for double dealing on the sale of St Joseph School

Is this the one you mentioned, don't look attractive wor. Please point me to the right one if this is wrong. Tq

Tq for your reply, means will have buy below 50k right?
Can buy a few lots of say 30k each?
Sorry new to buying bonds from FSM, usually buy from bank with higher fees

i bet another 100k.....take the risk lah.

I think you meant bond price going downhill....

Market is pricing increased risk on the bonds. On the callability I guess.

well, the only way to test whether the price is being manipulated (assuming too cheap) is to hit the price and see if they honor the deal. that's how price discovery work.

edit: btw, i don't mean to ask you buy more of the bond. that's not my intention. i am just describing the standard method to check if the price is real.

This is what illiquidity means, and that bonds are traded in the OTC market. As much as Bond Express is trying to make itself like a exchange, it is not. It is just a platform. The other "platform" the retail banks and buy via your fav RM.

Prices presented as 92.0/93.5 is the bid/offer price on the platform. No transactions at these levels indicate illiquidity, and in some sense, is the market price on this platform. If a investor feel it is good value, then he should just hit the 93.5 price and get his bond. In fact, if this investor have enough money and risk appetite, he can keep on buying the bonds until FSM platform runs out or until the price shifts higher.
Conversely, if a existing investor is desperate and willing to sell his bonds at 92, he should just throw.

The other part is a market structure issue, which maybe you would know.
Similar to Brk-A convertible to Brk-B (and then to -C) but in reverse, would you know if the small lot size can be grouped together to form the standard lot size of 250K rm? I suspect it is not possible and hence this creates a weird dual pricing.
(like you said, there were transaction of 250K rm at 91, which suggested someone can break the standard lot to small lot and try to earn the 2 bucks. It is just a guess and no way to find out except to ask some insider in FSM).

Nonetheless, looking the transactions, even the full lots are traded below par, with 6 months away for the callability. Investors are not fully convinced that the issuer will call back the bonds. I also think this bond don't have cumulative deferral feature. Just my guess.

Bank Islam Vice President Wealth guy Ivan said he thinks call back unlikely.
never mind lah as long as next coupon 9% can be paid.

no lar... like the name suggested, it is a perp, with a callable feature. The call sits with the issuer.

issuer not calling it is not a bankruptcy event, as it is specifically allowed in the mandate.
This bond have dividend covenant? if got, then maybe not so bad.