HNA unit's lenders seize assets as payment deadline missed

(Apr 23): Lenders to HNA Group Co.’s CWT International seized control of assets in Singapore, China and the US after the unit failed to repay amounts due on its credit facility.

Property

Billionaire Kwek keeps it in the family with luxury condo sales

SINGAPORE (Apr 23): Billionaire property developer Kwek Leng Beng’s latest luxury condo in Singapore has seen robust demand since its launch last month. It doesn’t hurt that some of his own relatives have rallied to the cause.

Broker's Calls

Don't underestimate the recovery potential of this education stock: UOB

SINGAPORE (April 23): UOB Kay Hian is starting coverage on Overseas Education Limited (OEL) at “buy” with a 46 cent price target, based on 10.4 times EV/EBITDA or a 15.4% discount to global peers’ 2019 average.

Broker's Calls

Fairly valued OCBC kept at 'neutral' by RHB with $12.20 target

SINGAPORE (Apr 23): RHB Research is maintaining Oversea-Chinese Banking Corp (OCBC) at “neutral” saying the stock is fairly valued.

In addition, OCBC’s 1Q19 non-interest income is expected to be “uninteresting”, given high 1Q18 base would make it challenging for 1Q19 to show growth.

Results

Frasers Commercial Trust posts flat 2Q DPU of 2.4 cents

SINGAPORE (Apr 23): The manager of Frasers Commercial Trust (FCOT) has announced a 2Q19 DPU of at 2.40 cents, unchanged from 2Q18.

The distribution also brings 1H19 DPU to 4.80 cents, unchanged from a year ago.

HNA unit's lenders seize assets as payment deadline missed

21 min 25 sec ago

(Apr 23): Lenders to HNA Group Co.’s CWT International seized control of assets in Singapore, China...

Billionaire Kwek keeps it in the family with luxury condo sales

28 min 28 sec ago

SINGAPORE (Apr 23): Billionaire property developer Kwek Leng Beng’s latest luxury condo in...

Don't underestimate the recovery potential of this education stock: UOB

55 min 15 sec ago

SINGAPORE (April 23): UOB Kay Hian is starting coverage on Overseas Education Limited (OEL) at “buy...

CFA charterholders measure up to the needs of their clients and the demands of a changing world.

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CFA Society Singapore

Why we sell the stocks even if we still like the companies

22 Apr 2019

SINGAPORE (Apr 22): Let me start by wishing our Christian readers a blessed Easter. This week, I would like to take a bit of space to explain why we recently disposed of several of our investments, some at a loss. We make big mistakes too, and it...

We are adding three US consumer-related stocks based on our contrarian view

15 Apr 2019

(Apr 12): Last week, I talked about why US consumers may well be the key driver for near-term global growth, contrary to widely held views. To very quickly recap, thanks to a decade of deleveraging, in the aftermath of the global financial crisis,...

US consumers may drive near-term global growth, contrary to widely held views

5 Apr 2019

(Apr 5): More words of caution from the US Federal Reserve on the US economy as well as weak manufacturing data from around the world triggered yet another bout of investor panic over recession fears in March, albeit a relatively short-lived one, as...

Perpetual securities are debts, not equity. Here's why

29 Mar 2019

(Apr 1): If it walks like a duck, quacks like a duck, looks like a duck, swims like a duck, then it probably is a duck. Why are companies so intent on classifying perpetual securities (perps) as equity, instead of what they really are: financial...

HNA unit's lenders seize assets as payment deadline missed

(Apr 23): Lenders to HNA Group Co.’s CWT International seized control of assets in Singapore, China and the US after the unit failed to repay amounts due on its credit facility.
Property

Billionaire Kwek keeps it in the family with luxury condo sales

SINGAPORE (Apr 23): Billionaire property developer Kwek Leng Beng’s latest luxury condo in Singapore has seen robust demand since its launch last month. It doesn’t hurt that some of his own relatives have rallied to the cause.
Broker's Calls

Don't underestimate the recovery potential of this education stock: UOB

SINGAPORE (April 23): UOB Kay Hian is starting coverage on Overseas Education Limited (OEL) at “buy” with a 46 cent price target, based on 10.4 times EV/EBITDA or a 15.4% discount to global peers’ 2019 average.
Broker's Calls

Fairly valued OCBC kept at 'neutral' by RHB with $12.20 target

SINGAPORE (Apr 23): RHB Research is maintaining Oversea-Chinese Banking Corp (OCBC) at “neutral” saying the stock is fairly valued.

In addition, OCBC’s 1Q19 non-interest income is expected to be “uninteresting”, given high 1Q18 base would make it challenging for 1Q19 to show growth.
Results

Frasers Commercial Trust posts flat 2Q DPU of 2.4 cents

SINGAPORE (Apr 23): The manager of Frasers Commercial Trust (FCOT) has announced a 2Q19 DPU of at 2.40 cents, unchanged from 2Q18.

The distribution also brings 1H19 DPU to 4.80 cents, unchanged from a year ago.