assets

Are we headed for another recession?

SINGAPORE (Sept 7): The outcome of the Global Financial Crisis (GFC) has altered the business and economic landscape — for better or worse.

First, tighter regulations in the financial services industry were introduced in the US, including the Dodd-Frank Wall Street Reform and Consumer Protection Act enacted in 2010. Globally, including in Singapore, Basel III required banks to have higher capital and liquidity requirements.

The GFC’s warning signs had been missed by the financial markets community, from economists to bankers and analysts.

IMF warns of rising threats to global financial system

WASHINGTON (Apr 19): Threats to the global financial system are rising, with the price of risky assets surging in a manner reminiscent of the years before the global financial crisis, the International Monetary Fund warned.

HNA to face $3.1 bil liquidity crunch this quarter

(Jan 31): The crisis surrounding HNA Group deepened after it emerged that the Chinese company’s ability to repay its debt will face a potential shortfall of at least 15 billion yuan ($3.1 billion) in the first quarter.

The sprawling conglomerate warned major creditors about its financial status in a meeting in Hainan last week, though it also said that the pressure will probably ease in the second quarter as the group steps up asset disposals, according to people familiar with the matter, who asked not to be named because the discussions are private.

First REIT to continue enjoying boosts from Indonesian assets: OCBC

SINGAPORE (Dec 11): OCBC Investment Research is maintaining its “buy” call on First REIT with a  fair value estimate of $1.44, on expectations of an enlarged right of first refusal (ROFR) asset pool for accretive acquisitions.

This comes after the trust saw its hospital asset, PT Siloam International Hospitals TBK, register a healthy set of 3Q results as at end Sept, which saw gross operating revenue grow 21% y-o-y to Rp1.53 trillion ($32.1 billion) with increases for both inpatient and outpatient visits over the quarter.

TT International's Big Box assets put under receivership, operations 'continue unaffected'

SINGAPORE (Sept 29): Shares in consumer electronics retailer TT International have been suspended since Aug 4 as the beleaguered company sought to refinance loans and other financial obligations linked to its 51% owned subsidiary, Big Box Pte Ltd (BBPL).

TT International last month said it was in talks to obtain funding of up to $380 million required to refinance the loans and other financial obligations.

The case for infrastructure investment

SINGAPORE (Aug 30): Infrastructure has been in the spotlight in recent years as institutional investors continue to seek yield in a low-interest rate world.

The investment opportunities for this real asset sector are expanding globally due to the demand for sustainable energy and the critical need to build or replace roads, bridges, schools and other facilities vital to healthy local economies.

Mapletree acquires portfolio of US & Canada assets worth $2.2 bil

SINGAPORE (June 2): Mapletree Investments, the Temasek-backed property development, investment and capital management company, acquired a portfolio of assets from Kayne Anderson Real Estate Advisors worth US$1.6 billion ($2.2 billion).

The portfolio comprises eight purpose-built student housing assets with 3,611 beds in the US and 140 beds in Canada, as well as four multi-family assets with 1,388 units in the US.

Citigroup Global Markets acted as the exclusive financial adviser to Kayne Real Estate on the entirety of the sale transactions with Mapletree.

Why Bank of Singapore is remaining cautious on equities

SINGAPORE (March 14): Bank of Singapore (BoS) is maintaining its moderately defensive asset allocation stance with a preference for credit over equity, as a Fed hike in March is “all but certain” with two more hikes forecast to occur by end-2017.

“Although the market has not priced three hikes by end-2017 yet, the gap between the Fed’s median dots –  which have currently three hikes in 2017 and another three hikes in 2018 – and market pricing has started to narrow,” observes BoS investment strategist James Cheo in a Monday report.

2017 is shaping up as a volatile year for markets

HONG KONG (Jan 27): The world's most famous measure of volatility in financial markets is flashing a sign akin to boredom — languishing around levels that prevailed before the global crisis.

Problem is, the VIX is tied to the US S&P 500 index. Take a step back to look at the global picture, and the early days of 2017 are showing elevated jumpiness similar to that seen in the past two years. 

Euro slips with Asian stocks while bonds rise as Italy votes no

WELLINGTON (Dec 5): The euro retreated with riskier assets, while bonds advanced, amid concern the failure of Italy’s referendum on constitutional reform will destabilize the country, emboldening anti-Europe and nationalist forces.

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