*Official* General Market Chit Chat Thread

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xshinado

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same thought of mine, so I want to clarify that is that better to add banking stocks now since its valuation is much cheaper than previous month before FED really do the hikes?
 
OngHuatHuat

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Bad debt due to oil company exposure.

KungFu said:
Just my simple thoughts, in theory bank stocks will rise due to able to collect more interest from its loans. But then again, the minus points might be that the loans might be changed into NPL (non performing loans) if the debtor is unable to repay the increased amount of interest. Subsequently, it may also affect their net interest margin?

Do correct me if I had presented any of the above in a wrong manner. Haha.
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xshinado said:
same thought of mine, so I want to clarify that is that better to add banking stocks now since its valuation is much cheaper than previous month before FED really do the hikes?
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Looks like there is a slight spike in the bank stocks now~
 
ValueInvestor

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STI up 1%..... and i dont even know why lol

today all my stocks green green

only ARA red red due to the rights issue..... wat a bad time to raise cash
 
OngHuatHuat

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I din really know all the debt structure etc, but among all 3 local banks, I like dbs the most. More aggressive and offer better service to customers.

Genosis said:
Tiagong OCBC is the most exposed out of the 3 banks. Isit true?
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Perisher

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Try to buy M1, it keep going up. Next time don't post here, buy first. Lolx.
 
Shion

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Special audit of Cedar Strategic's accounts shows lapses in corporate governance

Special audit of Cedar Strategic's accounts shows lapses in corporate governance

http://www.theedgemarkets.com/sg/ar...cs-accounts-shows-lapses-corporate-governance

SINGAPORE (Nov 24): Property company Cedar Strategic Holdings has shown numerous weaknesses and/or lapses in corporate governance, internal controls, and possible non-compliance with the Catalist Board rules, a special auditors' report by Baker Tilly Consultancy shows.

The special auditor was appointed by the board of Cedar Strategic Holdings in April this year to conduct an independent review of the firm's accounts for financial years 2013 and 2014 to uncover any potential irregularity.

The issues highlighted by the independent auditor relate to its divestment of its titanium dioxide business, the acquisition and proposed divestment of Trechance Group, the acquisition and divestment of Yess Le Green and West Thames, the acquisition of Futura, severance payments, as well as disbursements.

In a statement on Tuesday, Cedar Strategic Holdings says it is looking at the current issues faced by the company, and has appointed various professionals, including Drew & Napier and Yuan Tai, to look at various matters, including but not limited to taking legal actions or reporting the incidents to the relevant authorities.
 
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