preference shares

SINGAPORE (Apr 10): If success has many fathers, failure in financial markets is no orphan either: It almost always ends up in the lap of retail investors.

(Apr 1): If it walks like a duck, quacks like a duck, looks like a duck, swims like a duck, then it probably is a duck. Why are companies so intent on classifying perpetual securities (perps) as equity, instead of what they really are: financial liabiliti

(Mar 18): Last week, I talked about how it can be difficult to interpret published financial statements because of overly ambitious objectives of the accounting profession, evolving reporting standards and the resulting vagaries that could sometimes trans

SINGAPORE (Aug 23): Securities issued by Hyflux have been under selling pressure since Aug 12. Besides its shares falling 5.7% to 50 cents, a tranche of perpetual securities the company issued only in May with a coupon of 6% have fallen 6.5% below par to