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Old 13-07-2019, 08:24 PM   #3598
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Join Date: Nov 2011
Posts: 24,012
CPF members hold less than 3% of its ordinary shares and less than 3% of its preference shares

"As the issue manager, DBS conducted due diligence checks to ensure that material information relating to Hyflux was highlighted in the offering document," the MAS said. While distributing the bonds via its automatic-teller machines, the bank also reminded investors to read the disclosure documents before making their applications, the regulator added.

"All investments carry risks," the MAS said. "The deterioration in Hyflux's financial conditions that led to losses for investors illustrates this."

Anyone who is stupid enough to think that attending a 3 day course will transform them into Warren Buffet and put their whole life savings into a company, have it coming for them...Hyflux owes so much money to the banks...Just because you lose money, suddenly questioned why Hyflux don't borrow money from the banks...

With CPF and SRS status,
this make many of the old folks think that the company is safe.

you know bonds rated as A / AAA or something by some rating firm.
investors will buy isn't it.

now with SRS and CPF investable rating given by don't know sgx or mas.
don't you think it cast such a big impression this retail bonds is good to buy even using cash . sell your house to buy ?

now if it is junk retail bond why mas/sgx rated it as SRS and CPF investable .

even when the newspaper author is writing something on the retail bonds.
giving warning or what ever you said.

hyflux retail bonds is still rated as can invest using SRS/CPF .
mas/sgx did not even lift their finger to change the SRS/CPF investable rating despite
the newspaper author writing on the newspaper.
the rating continue to stay as investable using srs/cpf.
subject matter expert from mas/sgx did not even say anything nor change srs/cpf
you think retail investor will look forward to sgx/mas as the guardian.

mas/sgx totally ignore the newspaper author writing on the newspaper and continue to allow hyflux retail bonds to have srs/cpf invest status.
when mas/sgx the expert continue to total ignored the newspaper author no action is done, retailer can only trust mas/sgx. these people from mas/sgx are the finance expert , they spend years in good university studying financial stuff and have superior working experience on financial related stuff. during my time only top 5% to 10% can go to accounting in the university. The rest of the people are to go engineering course, the dumping ground.

then few months later the retail bonds start to plunge. in the last few days. hyflux retail continue dropping. how will retailer even know what is going on?
someone even said retail bonds is meant to be hold and not traded.

sgx/mas have rated hyflux retail bonds as good for retailer to buy using SRS/CPF although the company is in such a bad state. now after the incident , we are now informed in the hyflux town hall that hyflux tio cancer.
quarter after quarter cancer is spreading but mas/sgx continue to rate investable using srs/cpf . this gives impression to the hyflux retail investors that hyflux retail bonds is In very good health .

until the very last minute, many of the old uncle and aunty poured in their hard earned money(using cash) to buy the hyflux retail bond . some of them bought the retail bonds today and getting suspended the day after. it is because of the cpf/srs status that giving false impression hence these people buy using cash

who give such approval and cast such fake impression hyflux retail bonds is a super good retail bonds that investors can even use their cpf/srs to invest when in actual fact this hyflux retail should not even be distributed to the retailer right in the begining

Last edited by dreamwork7878; 13-07-2019 at 10:45 PM..
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