SABANA ESR DEAL OFF

Another day another deal.

But this time, it's one that got called off.

What will happen to Sabana holders who bought hoping for asset sale or a takeover?

Suck thumb, or dump?

Your guess is as good as mine.

Good luck!

EZRA FILES CHAPTER 11

Well well.

Not to shabby to have lasted so long.

Hope things turn out well for those vested.

Good luck tomorrow.

JITTERY MARKETS

Some dude with some big positions is probably going to stay up late tonight.

Hope no one pisses his pants.

Good luck.

SINGAPORE REITS...PERSPECTIVE

We have been shouting for interest rates over the last four years.

Now that it had been raised twice, it looks almost set to go further up and at a faster clip this year.

That means REITs are likely to have it bad.

Soon.

KIMLY IPO...ZZZ

I am not so sure about this IPO.

16 March is a bad confluence of Fed, debt ceiling etc.

Good luck to all.

BROKERS' LUNCH

Sgx has plans to bring back lunch hours to the local trading scene.

That means brokers will no longer need to keep their eyes glued to their screens during their lunch.

That's very nice of Sgx.

But there's a very big problem.

Where have all the brokers gone?

Probably in the private car hire industry, where taking lunches are not an issue.

OCBC CUIZ

Npat down 11%.

O&G npl doubled.

HOUR GLASS 3Q NPAT -8%

The king of discretionary spending hobbles down another notch with Npat -8%.

Not yet dying, but not thriving too.

Volte face

American bosses’ volte-face on Mr Trump seems uncharacteristically excitable. Perhaps they would be better following another piece of advice from “The Art of the Deal”: “I believe in the power of negative thinking…always go into the deal expecting the worst.”

http://www.economist.com/news/business/21715677-slash-and-burn-approach-business-taxes-and-regulation-has-endeared-him-chief

Now Could Be a Good Time to Buy Singapore Property Stocks

Bbg's pretty late to the game. Nibbled some since 9 Jan.

https://www.bloomberg.com/news/articles/2017-01-25/singapore-property-comeback-seen-boosting-large-developer-stocks

Cash rich Chinese now cashless

https://www.bloomberg.com/news/articles/2017-01-26/world-s-biggest-real-estate-buyers-are-suddenly-short-on-cash

Hour Glass MD quits!

http://www.businesstimes.com.sg/companies-markets/the-hour-glass-singapore-md-quits

KEPPEL FY2016 NPAT DOWN 49%

It's not totally unexpected.

Dividend's almost halved.

Nav's at $6.34.

Not so yummy.

HELLO 2017, EFF OFF 2016

Look.

Time does not wait for any man. In fact, life goes on and on till you are gone like dust to the wind.

So does the stock market. Trundling along, ups and downs. Never caring who's riding it. Not knowing as well.

Things are probably going to get a little more volatile going into 2017.

I hope you and your cash will fare well.

Good luck.

PAIN

There's nothing quite like seeing stocks rally while you miss the boat on well-watched stocks on your watch list.

But there's also nothing quite like the pain that comes at buying at the top and watching them slide down the slippery sell-off.

30,000 DOW anyone?

TRUMPED

As markets crashed yesterday amidst Trump's triumphant wins, did you freeze up or nibble at the bottoms?

You probably frozed and sold more.

Nibbled some :p

CASH AGAIN

Not that I have a lot of positions to begin with, but I had been closing them in the last few days in view of the volatility that the US elections are likely to bring.

Today's 770-points drop in DOW is scary.

ARA & SUPER

Another two bites the dust. Solid brand names, good management and great businesses. What a waste.

KEPPEL FINDS SUSPICIOUS TRANSACTIONS

From SGX earlier this morning.

Following further internal investigations, Keppel recognises that certain transactions associated with Mr. Skornicki may be suspicious. Keppel has notified the authorities in the relevant jurisdictions of its intention to cooperate and work towards the resolution of the
underlying issues arising from or in connection with the transactions.

ECONOMICAL DOLDRUMS

A quick scan of business headlines in the last few weeks continue to show how badly local companies are faring.

The narrative is worse in Business Times.

One trend that I observe regularly to judge the health of Singapore's economy is that of COE prices.

It's been going nowhere for some time now with a dip in the latest bidding.

Good luck to all.