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DBS
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Starship
Supreme |
25-May-2018 12:11
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Luckily our local banks are prudent and smart................... Restructuring of Hyflux is negative for creditors: Moody' s FRI, MAY 25, 2018 - 11:31 AM HYFLUX' S restructuring, which may include a combination of haircuts, debt maturity extension, or interest rates adjustments, could lead to financial losses for creditors, Moody' s Investors Service said in a research report released on Friday. On May 22, the water project developer had applied for court protection to facilitate the restructuring of its S$1.5 billion debt. The company also announced that it plans to skip the upcoming coupon interest payment on its S$500 million perpetual securities. Analysts from Moody' s noted that Hyflux' s creditors include about 30 financial institutions, most of which are Singapore branches and subsidiaries of foreign banks and that these institutions, along with other investors could suffer loses on their Hyflux exposures. " The company has a large amount of secured debt, which heightens the risk to its unsecured creditors," Moody' s said. As the credit-ranking firm points out, Hyflux' s loans and borrowings are dominated by banks - 68 per cent of Hyflux' s debt is unsecured, of which 51 per cent is in the form of unsecured bank loans. In addition, Maybank Singapore and its related entities are likely to be one of Hyflux' s key secured creditors, Moody' s noted. In 2013, Maybank had agreed to provide an 18-year, S$720 million financing facility to a Hyflux project called Tuaspring, a desalination and electricity generation plant in Singapore. " The loss-making Tuaspring project has become the centre of Hyflux& rsquo s problems because low electricity prices have dampened its electricity generation revenue. At the same time, Tuaspring& rsquo s desalinated water output will continue to be in demand in Singapore, which still relies on imported water to meet its total water needs." On this note, Moody' s analysts believe that potential losses to Maybank should be limited. " We assume that most or all of Maybank& rsquo s exposure is secured by the Tuaspring project or related cash-flow receivables, or both. This should mitigate losses for Maybank in a worst-case scenario where Hyflux goes into bankruptcy," the analysts said. https://www.businesstimes.com.sg/companies-markets/restructuring-of-hyflux-is-negative-for-creditors-moodys |
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limkt009
Master |
25-May-2018 10:55
Yells: "Watch your front, grab $$$$$$$$ at your own time" |
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Try advanced booking
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Starship
Supreme |
25-May-2018 10:53
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BBs playing DBS are frustratingly elusive. These 2 days, I' ve been trying to buy more at bottom when it turns red. But by the time I decide, it turns green. |
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FATABA
Supreme |
24-May-2018 13:34
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Honestly I dont thk the $1 B hyflux is any issue to DBS total pro .....and after all this has a big asset in tuaspring as base. As for MayBank...good luck , the actual worms from hving ONE x PM is still unknow ( $1T issue w bank NEgara) .....really dont know where it will go and RM$ will fall from. ( just wont touch any Msia stock etc) So DBS correction cld be an opportunity for true investor for the longer term. DYODD
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ysh2006
Supreme |
24-May-2018 13:34
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Sometime BB when run do this magic.
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e33cider
Member |
24-May-2018 13:28
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DBS has loan exposure to Hyflux Tuaspring construction project which explains the falling share price. The other one being MayBank (Bursa) which has also seen the share price falling drastically. The total cost of Tuaspring construction (both desalination and power) was S$1.05B. I think there is quite a bit of uncertainty as to how the divestment of Tuaspring will eventually pan out, if they can find a buyer. | ||||
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ysh2006
Supreme |
24-May-2018 13:09
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In year 2016 beginning had seen DBS $15 lah...
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chanbs
Elite |
24-May-2018 13:06
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hope to see new low tomorrow, being a Friday, instead almost within touching distance of low so far then rebound and holding ... but for how long ? |
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qtrinity
Senior |
23-May-2018 17:09
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31.50
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curious_moo
Master |
23-May-2018 16:45
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very confused.. DBS @21.50??? when did this even took place?
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Starship
Supreme |
23-May-2018 16:44
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Wow, at $21.50, I' ll sell all my other stocks and my kitchen sink to buy. And sell my ficticious future wife & future kids for good measure. Lol.
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Starship
Supreme |
23-May-2018 16:41
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Barclays mulls possible merger with StanChart and even ' hypothetical combo' with DBS, reports FT By: Bloomberg 23/05/18, 12:56 pm SINGAPORE (May 23): Barclays Plc has been exploring a potential merger with rival banks including Standard Chartered Plc, as part of wide-ranging contingency plans being weighed by senior board members following pressure from an activist investor, the Financial Times reported. &ldquo Hypothetical combinations&rdquo with other banks have also been discussed by Barclays&rsquo s directors, including Deutsche Bank AG, Credit Suisse Group AG and DBS Group Holdings, the FT reported. A private conversation took place between a director at each bank about the possible benefits of such a deal, though no bid approach had been made, one of the people said, according to the FT. There has been no formal discussion of the potential combination on the Barclays board, one of the people said. https://www.theedgesingapore.com/barclays-mulls-possible-merger-stanchart-and-even-hypothetical-combo-dbs-reports-ft |
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c0ntrarian
Member |
23-May-2018 14:21
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Monday don' t have 21.50 leh please get your facts right
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investshare
Supreme |
23-May-2018 14:14
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Barclays mulls possible merger with StanChart and even 'hypothetical combo' with DBS, reports FT
By: Bloomberg 23/05/18, 12:56 pm SINGAPORE (May 23): Barclays Plc has been exploring a potential merger with rival banks including Standard Chartered Plc, as part of wide-ranging contingency plans being weighed by senior board members following pressure from an activist investor, the Financial Times reported. |
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chanbs
Elite |
23-May-2018 10:09
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I believe many chased at 21.50 on Monday only to let go cut loss < 20.00 this morning or holding on still hope no new low for those still holding |
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central
Senior |
21-May-2018 16:53
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Hope tomorrow can see 30. DJ futures up 211. |
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central
Senior |
21-May-2018 16:28
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The king come out , all be quiet. Haha!!!!!!!!!!
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Starship
Supreme |
21-May-2018 16:09
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DEVELOPMENT BANK OF SINGAPORE 
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Starship
Supreme |
21-May-2018 15:46
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When presented with Three Kings, always bet on the King of Kings......  |
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qtrinity
Senior |
21-May-2018 11:59
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With interest rates rising scenario, banks' profits will rising. But if you pay attention to US markets, interest rates rose but all bank stocks were lower than YTD.
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