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Retail Bonds *Official*

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Old 22-03-2016, 11:54 AM   #1
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Retail Bonds *Official*

Updated post https://deluxeforums.hardwarezone.co...5-post302.html

Will add more as time goes but

these are the current retail bonds

AspialTrea 5.3%b200401 BRQZ

FCLTrea 3.65%b220522 AXXZ

Oxley MTN 5%b191105 BJFZ

CapMallTrb3.08%210220 TY6Z

Perennial n4.65%181023 BIOZ

AspialTrea 5.25%b200828 BEYZ

CapMallA3.8%b220112 PW3Z

Genting SP5.125%Perp P9GZ

LTA n4.17%160510 L07Z

Tigerair 2%PerpC S3TB (SUSP)

And here are the preference shares

CITYDEV NCCPS C70

OCC 5.1% NCPS GG0

DBS Bk 4.7% NCPS MU7

FibreChem NCPS DK2 (SUSP)

Hyflux 6% CPS N2H

UE 7.5% CUM PRE U05
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Last edited by Perisher; 07-02-2020 at 11:52 AM..
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Old 22-03-2016, 12:07 PM   #2
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Holding PERH & ASPIAL for now


Perennial n4.65%181023 BIOZ

AspialTrea 5.25%b200828 BEYZ

Dont dare to buy Oxley bonds haha
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Old 22-03-2016, 12:14 PM   #3
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I hold

Perennial n4.65%
FCLTrea 3.65%
CapMallTrb3.08%

Bulk of it in FCL though.
Nice to switch bonds when it's above par substantially and buy the below par ones.
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Old 22-03-2016, 12:22 PM   #4
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I hold

Perennial n4.65%
FCLTrea 3.65%
CapMallTrb3.08%

Bulk of it in FCL though.
Nice to switch bonds when it's above par substantially and buy the below par ones.
First time i get my coupon from Aspial.. i also didn't know once XD it will fall the same rate as like stocks.. haha

So it fell below par at 0.984 but now recovered back to 0.997

So if those who bought at 0.984, wont they have a higher coupon rate?
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Old 22-03-2016, 12:35 PM   #5
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I am totally out of bonds for now

waiting to sell stocks to take profits first

once STI 3000 and above will go back into bonds again hehehe
stockbot eyeing which bonds?
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Old 22-03-2016, 12:35 PM   #6
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I am totally out of bonds for now

waiting to sell stocks to take profits first

once STI 3000 and above will go back into bonds again hehehe
These are mostly corporate bonds so their bond prices will be inline with general economy also..

If economy tanks, i think these corp bonds will also cui.. especially..

PERH - Property
ASPIAL - Retail Jewell-er + mainly property
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Old 22-03-2016, 12:43 PM   #7
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These are mostly corporate bonds so their bond prices will be inline with general economy also..

If economy tanks, i think these corp bonds will also cui.. especially..

PERH - Property
ASPIAL - Retail Jewell-er + mainly property
Actually doesn't make sense unless the company is near the brink of bankruptcy, bonds shouldn't move as economy, that's like the path of the stocks. But anyway, the minor volatility helps us get cheap bonds.
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Old 22-03-2016, 12:50 PM   #8
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Actually doesn't make sense unless the company is near the brink of bankruptcy, bonds shouldn't move as economy, that's like the path of the stocks. But anyway, the minor volatility helps us get cheap bonds.
If economy tanks, these companies will become cheap cheap...look at noble. Their bonds are trading 60c to the dollar

Ultimately the parent companies will need to be floating and doing well to redeem these bonds

If for any reasons, sagas here and there.. their bonds will be affected too
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Old 22-03-2016, 01:01 PM   #9
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threadstarter didnt include hyflux pref shares? i saw genting perps in there

i am very heavy on bonds now..40% in hyflux CPS 6%, 40% in occ 5.1%..balance in capmall 3.8% genting 5.125%
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Old 22-03-2016, 01:05 PM   #10
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threadstarter didnt include hyflux pref shares? i saw genting perps in there

i am very heavy on bonds now..40% in hyflux CPS 6%, 40% in occ 5.1%..balance in capmall 3.8% genting 5.125%
oh, I didn't include retail preference shares.
Not sure if I should include them...
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Old 22-03-2016, 01:08 PM   #11
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If economy tanks, these companies will become cheap cheap...look at noble. Their bonds are trading 60c to the dollar

Ultimately the parent companies will need to be floating and doing well to redeem these bonds

If for any reasons, sagas here and there.. their bonds will be affected too
key thing is to invest in investment grade bonds and how to decipher current yield vs yield to maturity..also understand if its perp/non perp plus cumulative or non cumulative offering

if one can hold till maturity the risks of a investment grade bond are near to zero

noble is a different case as S&P and moody downgraded it to junk and insolvency risks are very high
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Old 22-03-2016, 01:11 PM   #12
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oh, I didn't include retail preference shares.
Not sure if I should include them...
it willbe nice to have perf shares in too..i think perf shares and bonds have similar risk reward profile..only difference is the obligation vs option to recall
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Old 22-03-2016, 01:15 PM   #13
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Almost all my investment are in bonds.. 3/4 in US bonds and 1/4 in SGD bonds. I find more and better options in US bond markets. So far quite happy with my bonds investment as it has been very stable even during the Jan-Feb 2016 market corrections. With a diverse investment of more than 20 bonds, I am getting dividend or coupon interest payment every month
Hoping to add more when there is chance so that I have at least 2k passive income per month
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Old 22-03-2016, 01:17 PM   #14
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Almost all my investment are in bonds.. 3/4 in US bonds and 1/4 in SGD bonds. I find more and better options in US bond markets. So far quite happy with my bonds investment as it has been very stable even during the Jan-Feb 2016 market corrections. With a diverse investment of more than 20 bonds, I am getting dividend or coupon interest payment every month
Hoping to add more when there is chance so that I have at least 2k passive income per month
Mind sharing what are the US bonds you are vested in?
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Old 22-03-2016, 01:31 PM   #15
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ABF SG Bond ETF anyone?
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