corporate bonds

Why 2019 might be a better year for investors: Schroders

After the disappointment of 2018, Schroders chief executive Peter Harrison rounds up the factors its fund managers think could lead to a brighter year ahead.

SINGAPORE (Jan 2): 2018 has been a disappointing year for most investors. Almost all markets, both stocks and bonds, fell in value last year, under pressure from rising interest rates, political developments such as Brexit, and the trade dispute between the US and China. With hindsight, markets were priced for perfection at the start of the year and were vulnerable to bad news - and there has been plenty of that.

Seven questions on corporate bonds answered

SINGAPORE (Mar 22): Investors face a constant dilemma over which assets, such as shares, bonds and property, to invest in. The answer is often that a mix of assets can help meet your goals. Different investments can perform well at different times. For example, when shares languish, government or corporate bonds may fare better. This is considered to be sensible diversification. With that in mind, we explain one of the assets that may be used to diversify away from equities – corporate bonds.

What is a corporate bond?

Strong project pipeline to buoy China Everbright Water through FY17

SINGAPORE (Aug 8): RHB Research is maintaining its “buy” call on China Everbright Water with a price target estimate of 54 cents, after the environmental protection company yesterday posted a set of 2Q17 results which came in slightly ahead of the research house’s expectations.

See: China Everbright Water 1H earnings rise 41% to $44.4 mil

More Asian defaults loom in 2017 amid record Korea shipyard debt

SEOUL (Dec 23): As if investors in Asia's troubled corporate bond markets don't have enough to worry about, concern is mounting about whether South Korean shipyards will be able to repay record amounts of debt coming due next year.

Yields on bonds of Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. have shot up this year. The top four Korean shipbuilders have 2.3 trillion won ($2.8 billion) in notes maturing next year, the most in Bloomberg-compiled data going back to 1997.

Banks key to survival of O&G companies

SINGAPORE (Aug 25): OCBC Investment Research analyst Low Pei Han says banks that are currently financing the O&G companies will play a key role in ensuring their survivability.

“Local banks currently still seem keen to support the sector, and we would look out for companies with heavy reliance on foreign banks,” writes Low in a note on Thursday.

Should Asian investors shun Singapore?

SINGAPORE (Aug 5): HSBC Global Research is downgrading its view on Singapore’s equities from “overweight” to “neutral”.

The research house says that as high-yield corporate bonds have performed much better than regional equities, the divergence suggests that investors remain “very reluctant to discount an Asian earnings recovery into the more distant future”.

Herald van der Linde, HSBC’s head of equity strategy, Asia Pacific, says the issue is that non-performing loans (NPLs) are still rising across the region – Singapore included.

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