In September, Aviva and Singlife have announced that they are merging into one company. For funding the purchase consideration of acquisition and capital adequacy purposes, they have issued a new bond today. This should attract strong interest. Below are the technical details of the bond. The Issuer The bond issuer, ASH, is the holding company […]
The Great Value Rotation – Ivan’s Reflections in November 2020
Exactly one year ago, I titled “Income to Growth rotation” for my GMC Nov 2019 updates. True enough, growth stocks had a spectacular run in the past year, led by technology sectors. The market valuation is near dot com bubble level. Is it a time for a change now? In my last month’s update, I […]
Ant Group IPO – What You Need To Know About The World’s Largest IPO
If you are a global investor, you need to pay attention to China’s tech companies. In my previous article, I talked about the Hong Kong IPO fever this year and highlighted the Ant IPO. The IPO prices for both Shanghai and Hong Kong legs are finally set. If you are interested in Ant IPO, here […]
Fixed Maturity Plan – Income Solution for Low Risk Investors in a Yield-Starved World
If you are investing for retirement, you need passive income to cover your expenses. But safe and consistent income is hard to come by nowadays. The ugly truth about retirement is that the traditional way of generating income doesn’t work anymore due to the modern loose monetary policies. While the low-interest rate is great to […]
New Temasek Bond Issues – 50 years!
Would you buy a 50 years bond with only 2.7% interest? Probably not. But when Temasek issues such bonds, they are oversubscribed. I explained before that contrary to many false beliefs, Temasek doesn’t invest CPF’s money, given the good reputation, they have their own way of sourcing for cheap funds. And this is a good […]
Hong Kong IPO Fever is Back! Ready for ANT IPO?
How many of you still remember the famous Hong Kong show “The Greed of Man” (大時代)? The dramatic scene of the final battle between Ting Hai (丁蟹) and Fong Chin-bok (方展博) on the trading floor of the Hong Kong exchange was probably the childhood memory that triggered my interest in the stock market. Whatever political […]