10 Singapore Stocks for 2017 (1H)

1.   Sheng Siong Group
2.   Global Logistics Properties (GLP)
3.   Raffles Medical Group
4.   SingTel 
5.   CapitaLand
6.   OUE
7.   Ascendas REIT
8.   Keppel DC REIT
9.   Frasers Centrepoint Trust (FCT)
10.   Frasers Logistics & Industrial Trust (FLT) 

Above recommendations by OCBC Research.


For reasons for recommendations, see attached link below:

10 stock picks to guide you through a lacklustre 1H17 (Singapore Market Report)

ISR Capital - SGX suspends trading to "safeguard market interest"

Citing the need to “safeguard the interest of the market”, the Singapore Exchange has suspended the trading of ISR Capital shares with immediate effect.

In a filing released at 10.04pm on Sunday evening, SGX says there are “circumstances that prevent trading in the shares of this company on an informed basis”.

“We are reviewing the trading activities in the meantime,” says SGX.

“The suspension will be lifted only when SGX is satisfied that the company’s shares can be traded on a fair, orderly and transparent basis,” it adds.


Full Article (Link)

Source: Singapore Market Report

ISR Capital - Stock down 55% in one day, SGX issues 4th query in 6 months, Trading Halted

It was a disaster waiting to happen.... we didn't know when the price would collapse but it was only a matter of time.   I highlighted my concerns in another blog post just 2 months ago.

ISR Capital - Like Moths to an Open Flame, this will likely end up in tears again


ISR Capital has been halted from trading today, 24 November 2016.   The stock is down a massive 55% in one day and SGX has raised a 4th query in 6 months to the company.

ISR Capital will be halted from trading until 28 November 2016 pending a response owing to SGX on a valuation report issued by Al Maynard & Associates Pty Ltd.

Full credit to the SGX for proactively engaging the company with relevant queries to address potential areas of concern.

Also credit to the Edge Singapore for reporting on ISR Capital many months ago when the deal was first structured.

The Edge Singapore and its sister publication, The Edge Malaysia, are excellent publications that any serious investor should be reading regularly.   The articles are reported in a unbiased and informative manner.   Journalism and reporting of the highest quality and standard!

Uncovering Gems In An Undervalued Malaysian Stock Market 2016

A complimentary report brought to everyone by:
--------------------------------------------------------------------------------------------------------------------

Thank you Bursa Malaysia & Shares Investment!

Links Below:

English Version (8 MB+)

Chinese Version (8 MB+)

Singapore Bonds - More Trouble (KrisEnergy Ltd, Singapore)

We add KrisEnergy to the list of troubled bonds.

Based on latest news reports, the company's efforts to restructure its bonds are facing problems.

Some noteholders are demanding hgher coupon rates and a shorter extension period,
They have also asked KrisEnery to adopt a more restrained and disciplined capital expenditure programme.

A group of noteholders have issued an open letter to the firm's noteholders and stakeholders saying that it intends to vote no to what it deems an "inequitable offer" while acknowledging the efforts of KrisEnergy and its main shareholder Keppel Corporation to help the firm manoeuvre through a difficult market environment, with the help of DBS Bank.

Rickmers Maritime - Trading suspended, flags on-going concern risk

And so it comes to this sad state.

Rickmers played a risky game of poker with its bondholders with one gambit round of SHOWHAND.    It offered its bondholders very onerous terms for a "haircut" otherwise there was a high possibility that they would no longer be able to maintain their coupon payments.  

However the terms were so onerous that bondholders baulked and called their bluff.

Nov 15, 5.45 pm - The Business Times Singapore reports that the trustee-manager of Rickmers is unable to pay a S$4.26 million interest for its bonds due on 15 Nov 2016.   If it fails to do so within the next five business days from today, an "event of default"would occur, which would trigger cross-defaults and/or cross-acceleration clauses in other loan agreements.

Trading in Rickmers Maritime will be suspended until there is further clarity from bondholders who are scheduled to vote for a restructuring of their bond obligations.   This is expected between 23 November and 21 December 2016.   The earlier meeting of bondholders was unable to take place due to an insufficient quorum.

If  only the Management had treated their bondholders with more respect and accorded them with more acceptable terms for restructuring, we may not have ended up with today's sad state of affairs.

Sleepless in Singapore

A light-hearted look at sleep-deprived Singapore.  

Singaporean's average only 6.24 hours of sleep a day!    

Sleepless in Singapore (Article Link)

Source:  The Star Malaysia, 6 November 2016