Bond kaki lai, DRB HICOM bond coming
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 Jul 26 2023, 12:35 AM
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#1
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Senior Member
1,146 posts Joined: Dec 2015  
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QUOTE(guy3288 @ Jul 26 2023, 12:04 AM) Coupon rate 6.6-6.7%! I am surprised you get the Rating. Which bank selling and sales charge 2%? But this one you cannot control callback and I am not sure if can sell in secondary market.paid 6 monthly Subordinated Perpetual Sukuk Min 250k rating A- coming next month limited stock Price 102  |
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Jul 29 2023, 01:09 AM
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#2
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Senior Member
1,146 posts Joined: Dec 2015
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QUOTE(hksgmy @ Jul 28 2023, 09:33 AM) It's OK. I shared with you just to highlight what I bought to demonstrate what I said had substance, and you've confirmed that - I'm really not comfortable revealing my portfolio choices in its entirety. Thank you for understanding. Can I check for these perpetual bonds, if you need the cash then you sell in secondary market? Is there a secondary market to sell such bonds? |
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Jul 31 2023, 01:47 AM
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#3
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Senior Member
1,146 posts Joined: Dec 2015
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Back to the topic, so this bond worth buying? I think EV still takes several years to take shape plus the first Call is after 5 years should they execute. This company quite heavily vested in car industry and going by the Tesla selling model might impact pricing. Risk really high? I just don't like the 5 years holding period.
2% "sales charge". Anyway I got book 1 lot, so let's see if I get it. The FSM one I don't know how it works. Seems like you need to deposit the money first, but I don't know if it is a sure thing you will get. I calculated over 5 years the nett fee is less than 2%. |
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Aug 4 2023, 08:54 PM
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#4
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Senior Member
1,146 posts Joined: Dec 2015
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QUOTE(guy3288 @ Aug 1 2023, 06:43 PM) Worth la. Did you get? My 1 lot did not get. Now have to find the highest FD to place...gomen will bail it out if got trouble, facepalm guy said ... apa mahu takut? |
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Aug 5 2023, 02:09 PM
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#5
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Senior Member
1,146 posts Joined: Dec 2015
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QUOTE(guy3288 @ Aug 5 2023, 12:09 AM) morning she already called happily told me i got all 3 lots..i asked since got others didnt get Congrats, it seems my RM is useless. Anyway Monday I will just park my money in FD. FSM one you got too? You really going all in... haha.can i let go 1 or 2 lots in case i wanted to..it seems she may lose out..it goes into the pool , she cant keep it sigh.. she booked 11milion got 4.75M. i actually booked another 2 at FSM RM 100.50.....tak dapat then no headache lah.. |
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Jun 7 2024, 11:24 PM
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#6
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Senior Member
1,146 posts Joined: Dec 2015
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QUOTE(hksgmy @ Jun 7 2024, 05:44 PM) guy3288 Bro, HSBC had a batch of perp bonds today, callable 14/12/29. Wow HSBC offering 5.25%? AT1 Bond from HSBC? The best I can get is the Genting M 5 years 4.92%... sad.did any of your RM manage to get this for you? Quite a good deal - the final coupon was 5.25% because over subscribed by $1b. I made a bid for 6, they only allocated 2 for me. Had to use both Maybank and UOB to secure - one each. |
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Jun 8 2024, 02:30 AM
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#7
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Senior Member
1,146 posts Joined: Dec 2015
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QUOTE(hksgmy @ Jun 8 2024, 12:21 AM) Yeah, IMHO, this is one of the better SGD denominated bonds that came up recently. The last time something so juicy was UOB’s 5.25% perpetuals, which I managed to snare a few of them. Those are all trading in positive territory too, so happy days. I believe only the Singapore Private banking people get all the good deal, Malaysia ones get the leftovers. At least that's what one Malaysia UOB private banker admitted to me. Sad... |
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Jun 8 2024, 02:30 AM
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#8
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1,146 posts Joined: Dec 2015
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QUOTE(hksgmy @ Jun 8 2024, 01:50 AM) Sorry, forgot to ask… Ringgit.Is that in RM or SGD? |
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Jun 8 2024, 02:45 AM
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#9
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Senior Member
1,146 posts Joined: Dec 2015
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QUOTE(hksgmy @ Jun 8 2024, 02:32 AM) Actually, interestingly that’s exactly what my RM told me… that until I upgraded to Private banking with her, she wasn’t allowed to offer Prestige/Premier/Priority/Privilege customers IPO bonds. Ya, but my point is Malaysia Private banking customers take the leftovers from Singapore which the good ones all taken. Singapore is afterall the financial center. QUOTE(hksgmy @ Jun 8 2024, 02:33 AM) Wah, then 4.92% isn’t all that attractive in MYR, not when you factor in the appreciation of the SGD relative to MYR. Nevertheless, did you buy any? Future currency movement no one knows. But yes judging by recent trend plus anticipated future trend, ringgit most likely will drop further. But it is very painful now to convert to SGD or USD. Not many people in lowyat forum has access to overseas market like you, so sadly we are stuck with Ringgit Bond. Genting M is quite highly rated AA1 by Malaysia rating agency. 4.92% is one of the better ones launched lately. The rest all cannot make it. AMBANK or PB launched their 5 years bond the YTM only 4 to 4.1%... Even the Afffin Bank AT1 callable bond less than 4.5% or 4.8% I think. Basically sad and sucky. Yes I bought some. https://www.thestar.com.my/business/busines...13bil-from-mtns hksgmy liked this post
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