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Sg or china??
fatpanda ( Date: 10-Nov-2017 14:54) Posted:
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China Merchants Bank' s lending rate is 4.35% for 6 -12 months.
Check here: http://english.cmbchina.com/Rate/CDRate.aspx
Check here: http://english.cmbchina.com/Rate/CDRate.aspx
Fully agreed.
I have been borrowing money from financial instituitions since 2011, for corporate loans.
For property loan, if u get from the banks, the most is sibor +1-1.5%, ie no more than 2.8% pa, and if u r a better clients, u can get cost of funds plus 1.9 % ie no more than 2.3 % pa. Y must get the loans from sam goi at 7 % pa.
Or issit overseas project the banks charge a higher rate than 7%, that i m not too sure. So the above is just applicable to local loans, not for overseas loans.
But i feel, 7% is really too steep.
Just my view.
I have been borrowing money from financial instituitions since 2011, for corporate loans.
For property loan, if u get from the banks, the most is sibor +1-1.5%, ie no more than 2.8% pa, and if u r a better clients, u can get cost of funds plus 1.9 % ie no more than 2.3 % pa. Y must get the loans from sam goi at 7 % pa.
Or issit overseas project the banks charge a higher rate than 7%, that i m not too sure. So the above is just applicable to local loans, not for overseas loans.
But i feel, 7% is really too steep.
Just my view.
wcp2017 ( Date: 10-Nov-2017 09:10) Posted:
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Disappointed with the mgtm lost of focused on core business : Property Development
They venture into " hobby-like" biz such as art gallery museum and cafes.
These are non core biz and worse high operationing daily costs.
Before, they focus on property projects which were better.
Now all sorts of ideas.
edwinjup ( Date: 10-Nov-2017 08:34) Posted:
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7% interest pa on $ 45 mil
Payable every 3 month about $ 787 500.
I dont think KOP current revenue can even service this quarterly interest.
Cocoa Colony belong to them ? They just closed down all 3 outlets.
Will see 7 cts range soon.
Payable every 3 month about $ 787 500.
I dont think KOP current revenue can even service this quarterly interest.
Cocoa Colony belong to them ? They just closed down all 3 outlets.
Will see 7 cts range soon.
Most likely will cook up for rights issues and return sam goi money after 12 months...dont think mgt wan to give up their lead after so many yrs of hardwork
edwinjup ( Date: 10-Nov-2017 08:30) Posted:
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Before placement....kop dropped from 8c range to 5c range......and sam got hiis placement at 5c...thrn shoot up....will be surprise.to see sam goi wan to convert about 8c...
machidrain ( Date: 10-Nov-2017 07:57) Posted:
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come on is 9cent or VWAP which ever is lower...
If GSH short to below 9cents and convert also can. please dyodd.
If GSH short to below 9cents and convert also can. please dyodd.
Conversion price is not going to be lower than 9cts. That is confidence!
This is a confidenace vote to KOP by Popiah King. The businessman would not kill this golden goose that can lay the golden eggs in near future. The stock price would surge to new high tomorrow.
surge or not, we not sure, wait for tomorrow to see.
Timer78 ( Date: 09-Nov-2017 22:01) Posted:
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Imo its going to surge again tomorrow.
But..think $45m still not enough...
edwinjup ( Date: 09-Nov-2017 21:53) Posted:
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Better than rights issues...7% interest very good deals....but kop prepare to loss more $$$ b4 profit
machidrain ( Date: 09-Nov-2017 21:39) Posted:
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news come out liao. loan of $45Million from GSH.
good or bad let market decide tomorrow.
good or bad let market decide tomorrow.
if right issues, i will short 100million shares.
5c massive rights issue?? Let everyone become sam goi....
There was a transaction of 1,627,600 shares sold to buy queue about 10 mins before the SGX announcement. News leaked and sold before the trading halt?
Any investigation required on this transaction by SGX ?
Any investigation required on this transaction by SGX ?
must be some properties launch news. nothing much
KOP trading halt.