yields

Bond traders watch central-bank decisions to confirm 2018 rout
NEW YORK (Jan 22): The world’s biggest bond market probably needs a little push from central banks to prop up yields at the highest in more than three years. The Bank of Japan and the European Central Bank both have policy decisions this week, before an announcement from the Federal Reserve on Jan. 31. While no action is expected from any of the three this month, investors will be on alert ...
10 biggest investor risks to look out for in 2018: Natixis
SINGAPORE (Jan 17): Economic and investor risks still abound despite relatively optimistic outlooks for 2018, according to Esty Dwek Roditi of Natixis Investment Managers. In a Wednesday commentary, the investment specialist lists 10 of the biggest risks in the year ahead. With the majority of market views remaining in line with consensus for the rest of the year, Dwek Roditi sees this ...
Why UOB is calling a 'hold' on SIA
SINGAPORE (Sept 19): UOB Kay Hian is maintaining its “hold” call on Singapore Airlines group with a target price of $10.10, valuing the group’s core airlines operations at 0.7 times FY18 forward earnings. The research house recommends investors scoop up the stock at a lower entry price of $9.50. In a Tuesday report, analyst K Ajith believes the Street is anticipating a 1-3% ...
What Manulife US REIT unitholders really want
SINGAPORE (Sept 15): Manulife US REIT, which was listed only in May last year after an IPO of its units at 83 US cents, recently proposed to acquire of a building called 10 Exchange Place in Jersey City, New Jersey for US$312 million ($422 million), and a 41- for-100 rights issue of 299.29 million new units at a deeply discounted price of 69.5 US cents each. This comes less than three months ...
Mizuho targets foreign student boom with Japan dormitory fund
TOKYO (Aug 16): Mizuho Financial Group Inc. is raising a fund to build dormitories to profit from the shortage of accommodation for the surging number of international students at Japan’s universities.   The Tokyo-based megabank will provide about 15% of the fund’s 10 billion yen ($124 million) in equity, with Marubenri Corp., Tokyo Tatemono Co. and other domestic ...
Asia central banks rebuild US$6 trillion defense as Fed hike looms
HONG KONG/MUMBAI (June 13): Asia’s central banks are stacking the sandbags.  Foreign-exchange reserves are being rebuilt as monetary authorities brace for the Federal Reserve’s third rate hike in six months. While the expected move has been well telegraphed, prolonged periods of Fed tightening can cause jitters for emerging markets. Asia was slammed in 2013 when then-Fed Chairman ...
Danger Down Under: Yields drop with iron to fuel recession talk
SYDNEY/TOKYO (June 2): Whether or not the land Down Under snaps its two-decade-long streak without a recession, a glance at the charts shows this past week has been a "septima horribilis" (to purloin and tweak from Queen Elizabeth II) for the world's 13th-largest economy. Iron ore is declining again amid worrying signs that China is wobbling, businesses are reluctant to borrow ...
Macron vs Le Pen: What either victory means for global markets
SINGAPORE (April 27): Given the disparate political views and economic agendas of French presidential candidates Emmanuel Macron and Marine Le Pen, VP Bank believes the behaviour of financial markets in response to either victory, after the upcoming return bout on May 7, is likely to be correspondingly divergent. “The political chasm between the two French presidential candidates could ...
China's stock market is becoming a world-beating dividend play
HONG KONG (April 5): To get in on the hottest equity trade in China right now, you’ll have to be quick. Dividends are emerging as a key lure for investors in the world’s second-largest share market, with stocks of companies that consistently hand out the most cash outperforming the Shanghai Composite Index by the most since 2013. The catch? These plays are few and far between with China ...
Don’t be too heartened by SIA’s fuel hedging move yet, say analysts
SINGAPORE (Feb 9): UOB Kay Hian maintains its “hold” rating in Singapore Airlines (SIA) while raising its target price on the stock to $10.40 from $10.10 previously, following the release of the carrier’s 3Q17 results. The suggested entry price is $9.60 based on a 10% total return, inclusive of dividends. (See also: Singapore Airlines 3Q earnings fall 36% to $177.2 mil) To recap, ...