Morgan Stanley

One of world’s greatest hidden fortunes is wiped out in days - THE EDGE SINGAPORE

Banking & finance

One of world’s greatest hidden fortunes is wiped out in days

From his perch high above Midtown Manhattan, just across from Carnegie Hall, Bill Hwang was quietly building one of the world’s greatest fortunes.

Company in the news

Tencent Music plans US$1 bil share buyback after Archegos selloff

Tencent Music Entertainment Group announced a US$1 billion ($1.34 billion) share buyback Monday, days after the Chinese online music company was caught up as one of the names hit by a liquidation o

Cryptocurrency

Morgan Stanley may bet on Bitcoin in US$150 bil investment arm

A US$150 billion ($198.63 billion) Morgan Stanley investing arm known for its prowess in picking growth stocks is considering adding Bitcoin to its list of possible bets.

Morgan Stanley Unit Boosts Stake in Bitcoin-Loving MicroStrategy - THE EDGE SINGAPORE

Cryptocurrency

Morgan Stanley unit boosts stake in Bitcoin-loving MicroStrategy

Morgan Stanley’s investment management arm boosted a stake in Bitcoin vehicle MicroStrategy Inc. to more than 10% late last year.

US stocks

Are Tesla's shares worth US$90 or US$780? Wall Street can't decide

For all the headline-making drama surrounding Elon Musk and his brainchild Tesla Inc., investors were rewarded handsomely for their patience this year.

Xero prices zero coupon US$700 mil convertible notes due 2025 - THE EDGE SINGAPORE

Funds

Xero prices zero coupon US$700 mil convertible notes due 2025

Xero Limited, the cloud-based accounting platform that’s listed on the Australian Securities Exchange (ASX), has priced zero coupon US$700 million ($940.0 million) worth of senior unsecured convert

Cromwell European REIT to issue $478.2 mil 5-year notes with 2.125% p.a. coupon - THE EDGE SINGAPORE

REITs

Cromwell European REIT to issue $478.2 mil 5-year notes with 2.125% p.a. coupon

Cromwell European REIT (CEREIT)’s wholly-owned subsidiary Cromwell EREIT Lux Finco S.a.r.l. has priced €300 million ($478.2 million) worth of five-year senior unsecured notes due November 2025.

Singapore's investment banking activities plunges to US$443.1 million in first nine months of 2020: Refinitiv - THE EDGE SINGAPORE

Banking & finance

Singapore's investment banking activities plunges to US$443.1 million in first nine months of 2020: Refinitiv

Investment activities in Singapore amounted to US$443.1 million ($600.8 million) in the first nine months of the year, down 39.9% from the same period a year ago.

Broker's Calls

No double dip recession imminent, says Morgan Stanley

The Covid-19 recovery will be a slow and long-drawn process, but there are currently no signs of a double dip recession ahead for Asia ex Japan (AxJ), says a team of Morgan Stanley economists.

REITs

Impact from WFH already in stock price, says Morgan Stanley

In a July 27 report, Morgan Stanley says office rentals across Asia declined 2–13% in 1H2020 owing to weaker demand due to negative GDP and higher unemployment but excluding the impact of working f

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