DBS EXPOSURE TO SWIBER

And just like that.

At 1955hrs this evening.

DBS dropped a bombshell.

It has S$700million in exposure to Swiber. To think that MAS was just warning the local banks a few days back.

DBS. Bye.

28 JULY 2016, SEMBCORP MARINE PROFIT DOWN 90%

Wow.

Clap clap.

Gg.

SG O&G CMI

Well well, the Swiber winding up sure is a cause for concern today.

Check out the top 30 and count the O&Gs.

UPDATE: SHENG SIONG ON A ROLL

The last time I wrote about SS was on 28 Apr 2016.

Sheng Siong on a roll.

Not too shabby. Hit a high of 99.5cts on CD.

But then again, what do you do when stocks get too expensive (NAV at 17.6cts)?

Sell lor.

SWIBER

Winding up application made.

Hearing on 19th Aug.

Swiber? Sway boh.

26 JULY 2016, PLIFE REIT

Total distributable income down 10%.

FINANCIAL GURU, OR CHARLATAN?

Everybody knows what a guru is.

However, not everyone knows what a charlatan is, nor is it easy to spell.

So how?

Let's just stick to calling them gurus.

22 JULY 2016, SABANA GONE CASE

Net income and DPU down 30%.

Jialat.

21 JULY 2016, KEPCORP NPAT DOWN 46%

Looks bad.

Very bad.

So bad.

TEMASEK BUYS SMRT AT $1.68/SHR

168.

一路发?

Low baller.

USD/RMB AT 6.7

Like they always say.

Gong xi fa cai.

18 JULY 2016, SPH DOWN 5.4%

I expected SPH to drop more. Volume's pretty heavy.

Given its dismal newspaper and magazine business, you can expect some asset sale or divestment.

Soon.

TEMASEK BUYS SMRT?

Not impossible. But why?

Are the numbers gonna look so bad post asset-sale that the next quarter results will trigger a plunge in stock price?

http://www.straitstimes.com/business/companies-markets/temasek-considering-buyout-offer-for-smrt-report

M1

DPS and yields.

That's all that matter.

Right?

FCT

DPU and yields.

That's all that matter.

Right?

SGX IS FINE

Looks ok right?

:p

SGX HALTED

Well done. Sign of things to come.

Update: After promising to reopen at 4pm,SGX promptly failed to do so and said the securities market would be closed for the day.

Thoughts: It's not unusual for such things to happen. You'd just have to bear the consequences for it.

SGREITS BEWARE

Wow.

If this can happen in UK, it can happen any where...including SG.

http://www.businesstimes.com.sg/real-estate/bank-of-england-considers-curbs-on-property-funds

Deutsche Bye

Not sure if anyone noticed. DB's at all time lows.

Whomever has deposits and DBXTs, be on the lookout.

http://www.visualcapitalist.com/chart-epic-collapse-deutsche-bank/

Bitcoin Killjoy

How bout it?

Just when you thought easy money was never ending.

https://www.engadget.com/2016/07/09/bitcoin-mining-value-cut-in-half/

MIDWEEK BREAK

Now that we have got a holiday on Wednesday, it makes trading this week more interesting.

Trade carefully!

1 JULY 2016 TOP VOLUME FUNNIES

Somebody decided to put up his/her stake for sale and just nice somebody decided to buy.