refinancing

China Focus

Cracks are showing in China’s shadow banking industry

SHANGHAI (Jan 24): Strains are spreading in China’s US$15 trillion ($19.8 trillion) shadow banking industry as investors pull back from the debt-like savings products that helped drive leverage to dangerous levels.

Broker's Calls

OUE Hospitality Trust's valuations still unattractive despite lower cost of debt: OCBC

SINGAPORE (Jan 5): OCBC Investment Research is maintaining its “hold” call on OUE Hospitality Trust on valuation grounds with a higher fair value estimate of 83 cents from 82 cents previously.

Broker's Calls

OUE Hospitality Trust's early refinancing to result in higher DPU, says RHB

SINGAPORE (Jan 3): RHB is maintaining its “buy” call on OUE Hospitality Trust (OUE HT), while raising its target price on the REIT to 91 cents from 88 cents previously to factor in a cost of equity (COE) of -7.2% and 2% terminal growth for FY18F and F

Global Economy

Vietnam’s surprise rate cut may spur growth amid credit worries

HANOI (July 10): Vietnam’s surprise lowering of interest rates for the first time in three years may help to support economic growth, but raises credit risks in a nation still grappling with a hangover of bad debt.

Global Markets

Risky and complex US loan wagers are red hot in low-yield Asia

NEW YORK (May 19): Asia’s yield-hungry investors have a lot riding on the financial engineers of Wall Street.

Nam Cheong announces over $300 mil in liabilities; mulls restructuring

SINGAPORE (April 24): Nam Cheong, the OSV builder has revealed the extent of “various obligations” owed to financial lenders and trade creditors that have fallen due, and that it expects to fall due.

Singtel signs $4.1 bil worth of credit agreements in Singapore & Australia

SINGAPORE (April 21): Singtel Group says its subsidiaries have entered into agreements for total credit facilities of approximately $4.1 billion in Singapore and Australia, for general corporate purposes and refinancing of existing facilities.

Singapore bank shareholders, brace for more pain: Bloomberg Gadfly

SINGAPORE (Feb 16): Singapore banks' problem with oil and gas services firms has just stepped up a notch.

DBS looks into 2017

Kiss goodbye to high REIT yields

SINGAPORE (Dec 20): DBS Group Research has an “underweight” rating on the Singapore REIT sector as it anticipates four interest rate hikes by the US Federal Reserve in 2017 alone.

Broker's Calls

Banks key to survival of O&G companies

SINGAPORE (Aug 25): OCBC Investment Research analyst Low Pei Han says banks that are currently financing the O&G companies will play a key role in ensuring their survivability.
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