*Official* MasterLeong Thread - Part 2

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dolph001

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L'oreal Paris said:
This 1 can any time withdrawal?
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To redeem your bond:

Submit your redemption requests through the DBS/POSB, OCBC or UOB ATMs, or online through DBS/POSB’s Internet Banking portal.
Redeem in multiples of $500 up to the amount you have invested for each bond. You can redeem more than one bond per month.
A $2 transaction fee will apply for each redemption request.
Please note that you will not be able to amend or cancel submitted redemption requests.
The redemption period opens at 6pm on the 1st business day of each month and closes at 9pm on the 4th last business day of the month. Redemption proceeds will be paid by the end of the 2nd business day of the following month.

http://www.sgs.gov.sg/savingsbonds/Your-SSB/How-to-redeem.aspx
 
Perisher

Perisher

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Mr.Canberra said:
AUD/SGD lowest to highest rate for the past 10 years is 0.9352 - 1.3827. The low of 0.9352 was during the 2008 great financial crisis. Unless Australia underwent a major terrorist attack or crisis I do not think it can go even lower than that. :D

When AUD/SGD hits parity or lower than 1.00 it is fire sale to stock up on AUD. Will not go wrong de. :s13:

This is an example of Australian bank fixed deposit rates.
https://www.commbank.com.au/personal/accounts/term-deposits/rates-fees.html

If you dare to put money in China like me also good rates. The most dangerous place is the safest place. :D
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Agree. The downside risk is much lower than the upside potential.
 
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lewissac

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Singapore to prop up South-east Asia's muted IPO market in 2017
Monday, January 16, 2017 - 07:19

[KUALA LUMPUR] Singapore is set to be 2017's hottest spot for initial public offerings (IPOs) in tropical South-east Asia with sales of stakes in business and real estate trusts, while currency volatility and weak investor sentiment curb deals elsewhere in the region.

Singapore's stock exchange has promoted itself as a centre for business trusts and real estate investment trusts (REITs), which offer stable dividends. That has helped it partly make up for a drop in major share sales as large Chinese firms favour the higher valuations and liquidity of Hong Kong.

Fundraising via IPOs in Singapore hit US$1.7 billion last year, up fivefold from 2015 when it slumped to its lowest since 1998, Thomson Reuters data showed.

"REITs and business trusts have been the flavour for some time because they give a steady income stream for investors and typically the play in Singapore has been dividend-focused rather than pure capital gains-focused," said Srividya Gopalakrishnan, managing director of corporate finance advisor Duff & Phelps Singapore.

Dasin Retail Trust, comprising three shopping malls in Zhongshan city in China's Guangdong province, kicked off its S$146 million IPO this month.

SEE ALSO: Dasin Retail Trust prices IPO at 80 cents, to raise S$121 million
Bankers also expect Singapore Telecommunications Ltd to list broadband unit NetLink Trust in the second half of the year, in a deal that could raise about US$2.5 billion.

Elsewhere in South-east Asia, significant fluctuation in the rupiah over the past year could dampen appetite for listings in Indonesia, while firebrand politics and a drop in the peso are risks for the Philippines, bankers and analysts said.

Higher benchmark interest rates under a new government in the United States could also tempt international investors to pull money out of riskier emerging markets, they said.

Sizeable listings are planned in Malaysia but market sentiment has been crushed by a slump in commodity prices and a financial scandal involving state investor 1Malaysia Development Bhd.

Last year, just US$238 million was raised in Kuala Lumpur IPOs, the lowest since 2008, Thomson Reuters data showed.

"We think that there is a healthy pipeline out there. However, because capital markets are so acutely vulnerable to investor sentiment and market conditions, it would be a matter of timing as to when these listings will happen," said Wong & Partners deputy managing partner Munir Abdul Aziz.

Oil and gas engineering firm Serba Dinamik Holdings Bhd , which aims to raise US$130 million through a listing early this year, has not secured cornerstone investors.

South-east Asia's IPO markets are typically volatile. Last year, fundraising from listings more than halved in Thailand to US$1.25 billion while in Indonesia, fundraising rose more than 50 per cent to top US$1 billion.

But the decline has been particularly sharp for Malaysia, which was Asia's IPO capital in 2012 with blockbuster listings from Felda Global Ventures Holdings Bhd and IHH Healthcare Bhd.

One senior official at Securities Commission Malaysia, however, expects a recovery this year. Listings planned include property developer Eco World International Bhd and fast-food restaurateur QSR Brands, which are looking to raise US$478 million and US$500 million respectively.

"We see global IPO markets picking up and we also see our IPO market picking up," Commission chairman Ranjit Ajit Singh said on the sidelines of an industry event on Thursday.

"Our estimates are around 7 billion ringgit (S$2.23 billion)."

REUTERS

Source:
http://www.businesstimes.com.sg/gov...-up-south-east-asias-muted-ipo-market-in-2017
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lewissac

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Oo... today correction ah? STI down upon opening? :s11:

Edit:
Almost all counter ang ang.
 
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