2020
October 2020 S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
Category Archives: YZ-Offshore & Marine
Sembcorp shareholders’ hands are tight
It has been more than a week since the submission of a proposal to SGX by Sembcorp Industry and her subsidiary Sembcorp Marine (SCM) to raise fund of $2.1b for the SCM, and for the demerger between the two entities. … Continue reading
Demerger of Sembcrop Industries (SCI) & Sembcorp Marine (SCM)
On 8 June 2020, Sembcorp Industries (SCI) and its subsidiary, Sembcorp Marine (SCM), jointly announced a proposal of $2.1 billion renounceable rights issue for SCM. This involves a 5:1 rights issue to existing SCM shareholders as well as Temasek Holding … Continue reading
Keppel Corporation
What a pleasant surprise! Temasek Holdings (TH) through its wholly owned subsidiary, Kyanite Investment Holdings, is proposing a partial offer to acquire 30.55% of Keppel Corporation to increase its shareholding from its current shareholding of 20.45% to 51.0%. Based on … Continue reading
Posted in Keppel Corp, SembCorp Marine, Z-FINANCIAL EDUCATION, Z-INVESTMENTS, Z-Personal Finance
Tagged Keppel, Kyanite, SemCorp, Temasek
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Walking away from a corporate bond deal
I came across an article on the newspaper yesterday morning that Ezion Holdings will be having a meeting with bondholders this coming Monday to present a debt restructuring plan. It reminded me that corporate and perpetual bonds were selling like … Continue reading
Posted in DBS, Swiber, Z-FINANCIAL EDUCATION, Z-INVESTMENTS, Z-Personal Finance
Tagged Ausgroup, corporate bonds, Nam Cheong
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Technology destroyed some traditional businesses (3): Keppel Corp & Sembcorp Marine
The share price of Keppel Corp ended today at $6.42. It has lost about 35%-40% its steady state value of about $10 per share 3-4 years ago. Everyone knows that the reason for this was due to the collapse of … Continue reading
Posted in Keppel Corp, SembCorp Marine
Tagged crude oil, oil price, shale, technology
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Capital reduction
We all know that for a company to operate, there is always a need for capital. Capital can come in the form of cash input from the owners of the company and, if the company has been profit-making, funds can … Continue reading
It’s time to take stock of how our stocks performed this year
At the close of calendar year 2015, the STI ended at 2882.73. And today, the last day of trading for year 2016, the STI ended at 2880.76. In effect, the STI lost less than 2 points or less than 0.07% … Continue reading
There is no dearth of investors, but there is a dearth of trades
Senior Correspondent, Goh Eng Yeow, wrote an article “SGX, where have the investors gone?” He cited that economic slowdown and changing demographics are the main culprits. Perhaps these may be some contributing factors, but they have yet to fully explain … Continue reading
Lessons learnt from the recent bond saga
Following the default of Swiber in July and a series of debt-restructuring meetings between several offshore and marine (O&M) companies and note-holders, investors are starting to come to realise that buying into notes and bonds are not the problem-free passive … Continue reading
Posted in Swiber, Z-FINANCIAL EDUCATION, Z-INVESTMENTS, Z-Personal Finance
Tagged Allianz, bonds, Marco Polo, notes, Rickmer Maritime, Swiber, Swissco
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Look at each stakeholder’s perspective
Every month, when I receive my credit card bills, I would almost immediately go to the internet and post-date the payment to 1-2 days before date due, and make sure that the bill is paid in full. As far as … Continue reading