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621-640 of 2199
like the situation in Gaza US need to print a lot of money again very very soon
https://www.theguardian.com/world/2023/oct/17/crisis-gaza-why-food-water-power-running-out
chartistkao1 ( Date: 08-Nov-2023 09:15) Posted:
| will uob' s april 2024' s coming dividend be 0.80 cts?
if it deliver better than expected earning contributed by its fee collection and interest earned due to FEd high rates of 5.75%
https://www.dividends.sg/view/u11
chartistkao1 ( Date: 08-Nov-2023 09:04) Posted:
The term " Santa rally" is often used to refer to the market' s tendency to rise over the final 5 trading days of a calendar year and the first two trading days of the following year, though it can also loosely refer to the tendency for equities to rise into year-end.
buy which bank for its high dividend of above 6%
https://www.cnbc.com/quotes/DBSM-SG
or
https://www.bloomberg.com/quote/UOB:SP#xj4y7vzkg
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will uob' s april 2024' s coming dividend be 0.80 cts?
if it deliver better than expected earning contributed by its fee collection and interest earned due to FEd high rates of 5.75%
https://www.dividends.sg/view/u11
chartistkao1 ( Date: 08-Nov-2023 09:04) Posted:
The term " Santa rally" is often used to refer to the market' s tendency to rise over the final 5 trading days of a calendar year and the first two trading days of the following year, though it can also loosely refer to the tendency for equities to rise into year-end.
buy which bank for its high dividend of above 6%
https://www.cnbc.com/quotes/DBSM-SG
or
https://www.bloomberg.com/quote/UOB:SP#xj4y7vzkg
chartistkao1 ( Date: 08-Nov-2023 03:15) Posted:
when FED weaponised interest rates from march 2022 to october 2023
https://www.straitstimes.com/business/singapore-s-central-bank-is-the-world-s-third-largest-gold-buyer-from-jan-to-sept-202 |
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The term " Santa rally" is often used to refer to the market' s tendency to rise over the final 5 trading days of a calendar year and the first two trading days of the following year, though it can also loosely refer to the tendency for equities to rise into year-end.
buy which bank for its high dividend of above 6%
https://www.cnbc.com/quotes/DBSM-SG
or
https://www.bloomberg.com/quote/UOB:SP#xj4y7vzkg
chartistkao1 ( Date: 08-Nov-2023 03:15) Posted:
when FED weaponised interest rates from march 2022 to october 2023
https://www.straitstimes.com/business/singapore-s-central-bank-is-the-world-s-third-largest-gold-buyer-from-jan-to-sept-2023
chartistkao1 ( Date: 08-Nov-2023 03:13) Posted:
usdsgd 1.353
https://english.news.cn/20231102/2996e99e964c474fbcca1c0a7d6cf49e/c.htm |
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when FED weaponised interest rates from march 2022 to october 2023
https://www.straitstimes.com/business/singapore-s-central-bank-is-the-world-s-third-largest-gold-buyer-from-jan-to-sept-2023
chartistkao1 ( Date: 08-Nov-2023 03:13) Posted:
usdsgd 1.353
https://english.news.cn/20231102/2996e99e964c474fbcca1c0a7d6cf49e/c.html
chartistkao1 ( Date: 08-Nov-2023 02:47) Posted:
| en working on deals to cut capital charges on about $25 billion of its corporate and consumer loans. GABBY JONES for The Wall Street Journal
U.S. banks have found a new way to unload risk as they scramble to adapt to tighter regulations and rising interest rates.
,
, U.S. Bank and others are selling complex debt instruments to private-fund managers as a way to reduce regulatory capital charges on the loans they make, people familiar with the transactions said.
These so-called synthetic risk transfers are expensive for banks but less costly than taking the full capital charges on the underlying assets. They are lucrative for the investors, who can typically get returns of around 15% or more, according to the people familiar with the transactions.
U.S. banks mostly stayed out of the market until this autumn, when they issued a record quantity as a way to ease their mounting regulatory burden.
&ldquo We simply have to take it because they&rsquo re judge, jury and hangman,&rdquo JPMorgan Chief Executive Jamie Dimon said when asked about new capital regulations at an investor conference in September.
Regulators have been raising capital requirements for years, and they proposed even tougher measures after the banking panic that began in March. Higher interest rates are eroding the value of banks&rsquo investment portfolios, which can also eat into regulatory capital levels.
In most of these risk transfers, investors pay cash for credit-linked notes or credit derivatives issued by the banks. The notes and derivatives amount to roughly 10% of the loan portfolios being de-risked. Investors collect interest in exchange for shouldering losses if borrowers of up to about 10% of the pooled loans default.
JPMorgan has been working on $2.5 billion worth of deals in recent months to cut capital charges on about $25 billion of its corporate and consumer loans, the people familiar with the transactions said.
The deals function somewhat like an insurance policy, with the banks paying interest instead of premiums. By lowering potential loss exposure, the transfers reduce the amount of capital banks are required to hold against their loans.
Risk transfer issuanceBank loans receiving capital relief2016' 200255075100125150175$200 billion
Banks globally will likely transfer risk tied to about $200 billion of loans this year, up from about $160 billion in 2022, according to a Wall Street Journal analysis of estimates by ArrowMark Partners, a Denver-based firm that invests in risk transfers.
Private-credit fund managers, including Ares Management and Magnetar Capital, are active buyers of the deals, according to people familiar with the matter. Firms including Blackstone&rsquo s hedge-fund unit and D.E. Shaw recently started a strategy or raised a fund dedicated to risk-transfer trades, some of the people said.
The deals embody a deep shift on Wall Street, where hedge funds, private-equity firms and other alternative investment firms that buy private credit are becoming increasingly important to how finance functions.
Private-credit investment managers don&rsquo t yet have the same name recognition as the big banks, but have become formidable rivals, increasingly taking over bread-and-butter businesses such as corporate lending. The firms have also been buying up the banks&rsquo portfolios of mortgages and consumer loans.
Banks started using synthetic risk transfers about 20 years ago, but they were rarely used in the U.S. after the 2008-09 financial crisis. Complex credit transactions became harder to get past U.S. bank regulators, in part because similar instruments called credit-default swaps amplified contagion when Lehman Brothers failed.
Regulators in Europe and Canada set clear guidelines for the use of synthetic risk transfers after the crisis. They also set higher capital charges in rules known as Basel III, prompting European and Canadian banks to start using synthetic risk transfers regularly.
U.S. regulations have been more conservative. Around 2020, the Federal Reserve declined requests for capital relief from U.S. banks that wanted to use a type of synthetic risk transfer commonly used in Europe. The Fed determined they didn&rsquo t meet the letter of its rules.
Advertisement - Scroll to Continue
&ldquo Nobody knew when the impasse would break,&rdquo said Kaelyn Abrell, a partner at ArrowMark.
The pressure began to ease this year when the Fed signaled a new stance. The regulator said it would review requests to approve the type of risk transfer on a case-by-case basis but stopped short of adopting the European approach.
SHARE YOUR THOUGHTS
Should banks be leveraging synthetic risk transfers? Why or why not? Join the conversation below.
The Fed allowed capital relief for a new credit-linked note structure at Morgan Stanley in September and published a response to some of the questions it had received from banks about risk transfers.
Before the recent change, the Fed&rsquo s reluctance had left some banks increasingly frustrated, according to the people familiar with the transactions. The tension grew in recent years as new rules came into effect, including a capital requirement tied to annual stress tests.
In 2022 and 2023, higher interest rates pushed down the value of bonds the banks held. That too weighed on the big banks&rsquo regulatory capital levels.
More capital rules are on the way. This summer, U.S. bank regulators announced a proposal to further implement Basel III requirements that could increase capital charges by about 20% and penalize businesses that bring in big fees, including banks&rsquo wealth-management and trading arms. The Basel Endgame, as it is called in industry parlance, came out stiffer than some banks had hoped, prompting them to halt stock buybacks.
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usdsgd 1.353
https://english.news.cn/20231102/2996e99e964c474fbcca1c0a7d6cf49e/c.html
chartistkao1 ( Date: 08-Nov-2023 02:47) Posted:
| en working on deals to cut capital charges on about $25 billion of its corporate and consumer loans. GABBY JONES for The Wall Street Journal
U.S. banks have found a new way to unload risk as they scramble to adapt to tighter regulations and rising interest rates.
,
, U.S. Bank and others are selling complex debt instruments to private-fund managers as a way to reduce regulatory capital charges on the loans they make, people familiar with the transactions said.
These so-called synthetic risk transfers are expensive for banks but less costly than taking the full capital charges on the underlying assets. They are lucrative for the investors, who can typically get returns of around 15% or more, according to the people familiar with the transactions.
U.S. banks mostly stayed out of the market until this autumn, when they issued a record quantity as a way to ease their mounting regulatory burden.
&ldquo We simply have to take it because they&rsquo re judge, jury and hangman,&rdquo JPMorgan Chief Executive Jamie Dimon said when asked about new capital regulations at an investor conference in September.
Regulators have been raising capital requirements for years, and they proposed even tougher measures after the banking panic that began in March. Higher interest rates are eroding the value of banks&rsquo investment portfolios, which can also eat into regulatory capital levels.
In most of these risk transfers, investors pay cash for credit-linked notes or credit derivatives issued by the banks. The notes and derivatives amount to roughly 10% of the loan portfolios being de-risked. Investors collect interest in exchange for shouldering losses if borrowers of up to about 10% of the pooled loans default.
JPMorgan has been working on $2.5 billion worth of deals in recent months to cut capital charges on about $25 billion of its corporate and consumer loans, the people familiar with the transactions said.
The deals function somewhat like an insurance policy, with the banks paying interest instead of premiums. By lowering potential loss exposure, the transfers reduce the amount of capital banks are required to hold against their loans.
Risk transfer issuanceBank loans receiving capital relief2016' 200255075100125150175$200 billion
Banks globally will likely transfer risk tied to about $200 billion of loans this year, up from about $160 billion in 2022, according to a Wall Street Journal analysis of estimates by ArrowMark Partners, a Denver-based firm that invests in risk transfers.
Private-credit fund managers, including Ares Management and Magnetar Capital, are active buyers of the deals, according to people familiar with the matter. Firms including Blackstone&rsquo s hedge-fund unit and D.E. Shaw recently started a strategy or raised a fund dedicated to risk-transfer trades, some of the people said.
The deals embody a deep shift on Wall Street, where hedge funds, private-equity firms and other alternative investment firms that buy private credit are becoming increasingly important to how finance functions.
Private-credit investment managers don&rsquo t yet have the same name recognition as the big banks, but have become formidable rivals, increasingly taking over bread-and-butter businesses such as corporate lending. The firms have also been buying up the banks&rsquo portfolios of mortgages and consumer loans.
Banks started using synthetic risk transfers about 20 years ago, but they were rarely used in the U.S. after the 2008-09 financial crisis. Complex credit transactions became harder to get past U.S. bank regulators, in part because similar instruments called credit-default swaps amplified contagion when Lehman Brothers failed.
Regulators in Europe and Canada set clear guidelines for the use of synthetic risk transfers after the crisis. They also set higher capital charges in rules known as Basel III, prompting European and Canadian banks to start using synthetic risk transfers regularly.
U.S. regulations have been more conservative. Around 2020, the Federal Reserve declined requests for capital relief from U.S. banks that wanted to use a type of synthetic risk transfer commonly used in Europe. The Fed determined they didn&rsquo t meet the letter of its rules.
Advertisement - Scroll to Continue
&ldquo Nobody knew when the impasse would break,&rdquo said Kaelyn Abrell, a partner at ArrowMark.
The pressure began to ease this year when the Fed signaled a new stance. The regulator said it would review requests to approve the type of risk transfer on a case-by-case basis but stopped short of adopting the European approach.
SHARE YOUR THOUGHTS
Should banks be leveraging synthetic risk transfers? Why or why not? Join the conversation below.
The Fed allowed capital relief for a new credit-linked note structure at Morgan Stanley in September and published a response to some of the questions it had received from banks about risk transfers.
Before the recent change, the Fed&rsquo s reluctance had left some banks increasingly frustrated, according to the people familiar with the transactions. The tension grew in recent years as new rules came into effect, including a capital requirement tied to annual stress tests.
In 2022 and 2023, higher interest rates pushed down the value of bonds the banks held. That too weighed on the big banks&rsquo regulatory capital levels.
More capital rules are on the way. This summer, U.S. bank regulators announced a proposal to further implement Basel III requirements that could increase capital charges by about 20% and penalize businesses that bring in big fees, including banks&rsquo wealth-management and trading arms. The Basel Endgame, as it is called in industry parlance, came out stiffer than some banks had hoped, prompting them to halt stock buybacks.
moonsun ( Date: 07-Nov-2023 19:35) Posted:
Seems like banks taking turns to have IT outrages..
Ocbc turn? think should be minor issue ..
Hopefully price continue to cheong !
Dyodd |
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|
|
en working on deals to cut capital charges on about $25 billion of its corporate and consumer loans. GABBY JONES for The Wall Street Journal
U.S. banks have found a new way to unload risk as they scramble to adapt to tighter regulations and
rising interest rates.
,
, U.S. Bank and others are selling complex debt instruments to private-fund managers as a way to reduce regulatory capital charges on the loans they make, people familiar with the transactions said.
These so-called synthetic risk transfers are expensive for banks but less costly than taking the full capital charges on the underlying assets. They are lucrative for the investors, who can typically get returns of around 15% or more, according to the people familiar with the transactions.
U.S. banks mostly stayed out of the market until this autumn, when they issued a record quantity as a way to ease their
mounting regulatory burden.
&ldquo We simply have to take it because they&rsquo re judge, jury and hangman,&rdquo JPMorgan Chief Executive Jamie Dimon said when asked about new capital regulations at an investor conference in September.
JPMorgan Chief Executive Jamie Dimon said the banks have had to adapt to tighter regulations and rising interest rates. Photo: MARCO BELLO/REUTERS
Regulators have been raising capital requirements for years, and they proposed
even tougher measures after the banking panic that began in March. Higher interest rates are eroding the value of banks&rsquo investment portfolios, which can also eat into regulatory capital levels.
In most of these risk transfers, investors pay cash for credit-linked notes or credit derivatives issued by the banks. The notes and derivatives amount to roughly 10% of the loan portfolios being de-risked. Investors collect interest in exchange for shouldering losses if borrowers of up to about 10% of the pooled loans default.
JPMorgan has been working on $2.5 billion worth of deals in recent months to cut capital charges on about $25 billion of its corporate and consumer loans, the people familiar with the transactions said.
The deals function somewhat like an insurance policy, with the banks paying interest instead of premiums. By lowering potential loss exposure, the transfers reduce the amount of capital banks are required to hold against their loans.
Risk transfer issuanceBank loans receiving capital relief2016' 200255075100125150175$200 billion
Banks globally will likely transfer risk tied to about $200 billion of loans this year, up from about $160 billion in 2022, according to a Wall Street Journal analysis of estimates by ArrowMark Partners, a Denver-based firm that invests in risk transfers.
Private-credit fund managers, including Ares Management and Magnetar Capital, are active buyers of the deals, according to people familiar with the matter. Firms including Blackstone&rsquo s hedge-fund unit and D.E. Shaw recently started a strategy or raised a fund dedicated to risk-transfer trades, some of the people said.
The deals embody a deep shift on Wall Street, where hedge funds, private-equity firms and other alternative investment firms that buy private credit are becoming increasingly important to how finance functions.
Private-credit investment managers don&rsquo t yet have the same name recognition as the big banks, but have become formidable rivals,
increasingly taking over bread-and-butter businesses such as corporate lending. The firms have also been buying up the banks&rsquo portfolios of mortgages and consumer loans.
Banks started using synthetic risk transfers about 20 years ago, but they were rarely used in the U.S. after the 2008-09 financial crisis. Complex credit transactions became harder to get past U.S. bank regulators, in part because similar instruments called
credit-default swaps amplified contagion when Lehman Brothers failed.
Regulators in Europe and Canada set clear guidelines for the use of synthetic risk transfers after the crisis. They also set higher capital charges in rules
known as Basel III, prompting European and Canadian banks
to start using synthetic risk transfers regularly.
U.S. regulations have been more conservative. Around 2020, the Federal Reserve declined requests for capital relief from U.S. banks that wanted to use a type of synthetic risk transfer commonly used in Europe. The Fed determined they didn&rsquo t meet the letter of its rules.
Advertisement - Scroll to Continue
&ldquo Nobody knew when the impasse would break,&rdquo said Kaelyn Abrell, a partner at ArrowMark.
The pressure began to ease this year when the Fed signaled a new stance. The regulator said it would review requests to approve the type of risk transfer on a case-by-case basis but stopped short of adopting the European approach.
SHARE YOUR THOUGHTS
Should banks be leveraging synthetic risk transfers? Why or why not? Join the conversation below.
The Fed allowed capital relief for a new credit-linked note structure at Morgan Stanley in September and
published a response to some of the questions it had received from banks about risk transfers.
Before the recent change, the Fed&rsquo s reluctance had left some banks increasingly frustrated, according to the people familiar with the transactions. The tension grew in recent years as new rules came into effect, including a
capital requirement tied to annual stress tests.
In 2022 and 2023, higher interest rates pushed down the value of bonds the banks held. That too weighed on the big banks&rsquo regulatory capital levels.
More capital rules are on the way. This summer, U.S. bank regulators announced a proposal to further implement Basel III requirements that could increase capital charges by about 20% and penalize businesses that bring in big fees, including banks&rsquo wealth-management and trading arms. The Basel Endgame, as it is called in industry parlance, came out stiffer than some banks had hoped, prompting them to
halt stock buybacks.
moonsun ( Date: 07-Nov-2023 19:35) Posted:
Seems like banks taking turns to have IT outrages..
Ocbc turn? think should be minor issue ..
Hopefully price continue to cheong !
Dyodd |
|
Seems like banks taking turns to have IT outrages..
Ocbc turn? think should be minor issue ..
Hopefully price continue to cheong !
Dyodd
china and us must make new friendship soon
https://www.voanews.com/a/yellen-to-host-chinese-vice-premier-for-talks-in-san-francisco-ahead-of-start-of-apec-summit-/7343226.html
chartistkao1 ( Date: 07-Nov-2023 15:29) Posted:
we will follow the US in election timing too
https://www.youtube.com/watch?v=NZq-mYjanfc
chartistkao1 ( Date: 07-Nov-2023 15:19) Posted:
https://www.cnbc.com/2023/11/06/yellen-to-host-chinas-he-lifeng-for-talks-ahead-of-apec-.html
when the world economy turn from high rates to low rates
https://www.youtube.com/watch?v=MYXIpdL3W9I
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we will follow the US in election timing too
https://www.youtube.com/watch?v=NZq-mYjanfc
chartistkao1 ( Date: 07-Nov-2023 15:19) Posted:
https://www.cnbc.com/2023/11/06/yellen-to-host-chinas-he-lifeng-for-talks-ahead-of-apec-.html
when the world economy turn from high rates to low rates
https://www.youtube.com/watch?v=MYXIpdL3W9I
chartistkao1 ( Date: 07-Nov-2023 15:15) Posted:
https://www.pbs.org/newshour/economy/watch-live-fed-chair-jerome-powell-holds-news-briefing-following-interest-rate-meeting
they do not think so so
https://apnews.com/article/singapore-prime-minister-to-step-down-19f256ff8ee62dd1bf73e853ea9a2bd5
will US continue to nude the world with high interest rates after 2023
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https://www.cnbc.com/2023/11/06/yellen-to-host-chinas-he-lifeng-for-talks-ahead-of-apec-.html
when the world economy turn from high rates to low rates
https://www.youtube.com/watch?v=MYXIpdL3W9I
chartistkao1 ( Date: 07-Nov-2023 15:15) Posted:
https://www.pbs.org/newshour/economy/watch-live-fed-chair-jerome-powell-holds-news-briefing-following-interest-rate-meeting
they do not think so so
https://apnews.com/article/singapore-prime-minister-to-step-down-19f256ff8ee62dd1bf73e853ea9a2bd5
will US continue to nude the world with high interest rates after 2023
chartistkao1 ( Date: 07-Nov-2023 14:42) Posted:
the mother of all S-reit from the one and only 老 大 company
https://www.marketwatch.com/investing/stock/9ci?countrycode=sg
too much money need to put into it at this point
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https://www.pbs.org/newshour/economy/watch-live-fed-chair-jerome-powell-holds-news-briefing-following-interest-rate-meeting
they do not think so so
https://apnews.com/article/singapore-prime-minister-to-step-down-19f256ff8ee62dd1bf73e853ea9a2bd5
will US continue to nude the world with high interest rates after 2023
chartistkao1 ( Date: 07-Nov-2023 14:42) Posted:
the mother of all S-reit from the one and only 老 大 company
https://www.marketwatch.com/investing/stock/9ci?countrycode=sg
too much money need to put into it at this point
chartistkao1 ( Date: 07-Nov-2023 14:27) Posted:
| how to kickstart the rock bottom s reits after 12 times of us rate hikes to 5.5%
https://www.dbs.com.sg/treasures/aics/templatedata/article/equity/data/en/DBSV/012014/MUST_SP.xml
use manulife reit as a proxy for its recovery
https://www.reitas.sg/singapore-reits/s-reit-sectors/
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the mother of all S-reit from the one and only 老 大 company
https://www.marketwatch.com/investing/stock/9ci?countrycode=sg
too much money need to put into it at this point
chartistkao1 ( Date: 07-Nov-2023 14:27) Posted:
| how to kickstart the rock bottom s reits after 12 times of us rate hikes to 5.5%
https://www.dbs.com.sg/treasures/aics/templatedata/article/equity/data/en/DBSV/012014/MUST_SP.xml
use manulife reit as a proxy for its recovery
https://www.reitas.sg/singapore-reits/s-reit-sectors/
chartistkao1 ( Date: 07-Nov-2023 08:27) Posted:
may 2023 to october 2023 stock selloff warren buffet cash pile swells to $157billion all ready to fight the 2024 stock market unceratinties globally
https://www.cnbc.com/2023/11/04/berkshire-hathaway-brk-earnings-q3-2023.htm |
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how to kickstart the rock bottom s reits after 12 times of us rate hikes to 5.5%
https://www.dbs.com.sg/treasures/aics/templatedata/article/equity/data/en/DBSV/012014/MUST_SP.xml
use manulife reit as a proxy for its recovery
https://www.reitas.sg/singapore-reits/s-reit-sectors/
chartistkao1 ( Date: 07-Nov-2023 08:27) Posted:
may 2023 to october 2023 stock selloff warren buffet cash pile swells to $157billion all ready to fight the 2024 stock market unceratinties globally
https://www.cnbc.com/2023/11/04/berkshire-hathaway-brk-earnings-q3-2023.html
chartistkao1 ( Date: 06-Nov-2023 16:50) Posted:
will global reits closed shop after 2023?
https://www.reitas.sg/singapore-reits/overview-of-the-s-reit-industry |
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may 2023 to october 2023 stock selloff warren buffet cash pile swells to $157billion all ready to fight the 2024 stock market unceratinties globally
https://www.cnbc.com/2023/11/04/berkshire-hathaway-brk-earnings-q3-2023.html
chartistkao1 ( Date: 06-Nov-2023 16:50) Posted:
will global reits closed shop after 2023?
https://www.reitas.sg/singapore-reits/overview-of-the-s-reit-industry/
chartistkao1 ( Date: 06-Nov-2023 16:47) Posted:
| https://www.reitas.sg/singapore-reits/s-reit-sectors |
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will global reits closed shop after 2023?
https://www.reitas.sg/singapore-reits/overview-of-the-s-reit-industry/
chartistkao1 ( Date: 06-Nov-2023 16:47) Posted:
https://www.reitas.sg/singapore-reits/s-reit-sectors/
chartistkao1 ( Date: 06-Nov-2023 16:45) Posted:
| angmos hedge funds say s reits had hit rock bottom after october 2023 if you think so accumulate the |
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https://www.reitas.sg/singapore-reits/s-reit-sectors/
chartistkao1 ( Date: 06-Nov-2023 16:45) Posted:
angmos hedge funds say s reits had hit rock bottom after october 2023 if you think so accumulate them
chartistkao1 ( Date: 06-Nov-2023 16:38) Posted:
https://www.manulife.com/en/investors/stock-information.html
https://www.mingtiandi.com/real-estate/people/sgx-listed-manulife-us-reit-names-marc-feliciano-chairman/
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angmos hedge funds say s reits had hit rock bottom after october 2023 if you think so accumulate them
chartistkao1 ( Date: 06-Nov-2023 16:38) Posted:
https://www.manulife.com/en/investors/stock-information.html
https://www.mingtiandi.com/real-estate/people/sgx-listed-manulife-us-reit-names-marc-feliciano-chairman/
chartistkao1 ( Date: 06-Nov-2023 16:33) Posted:
| hedging the strengthening of sgd against usd
https://www.marketwatch.com/investing/stock/btou?countrycode=sg
https://www.investing.com/currencies/usd-sgd
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https://www.manulife.com/en/investors/stock-information.html
https://www.mingtiandi.com/real-estate/people/sgx-listed-manulife-us-reit-names-marc-feliciano-chairman/
chartistkao1 ( Date: 06-Nov-2023 16:33) Posted:
| hedging the strengthening of sgd against usd
https://www.marketwatch.com/investing/stock/btou?countrycode=sg
https://www.investing.com/currencies/usd-sgd
chartistkao1 ( Date: 06-Nov-2023 15:35) Posted:
SINGAPORE&rsquo S sovereign wealth fund GIC has invested in a 35 per cent stake in Hotel Investment Partners (HIP), an owner of resort hotels in Southern Europe, according to a statement by HIP on Tuesday (Oct 31) night.
Financial details of the investment were not disclosed.
Founded in 2015, HIP was acquired by funds managed by Blackstone in 2017. Blackstone will continue to be the majority shareholder in HIP with a 65 per cent stake, according to the statement.
&ldquo The partners&rsquo cumulative size, scale and capital will bolster our ability to continue the transformation of the hotel landscape in Southern Europe,&rdquo Alejandro Herná ndez-Pué rtolas, founder and CEO of HIP, said in the statement.
HIP has pursued an acquisition and repositioning strategy since 2017 and has invested over US$634.14 million into well-located but under-invested hotels, it said.
HIP has 72 hotels across Spain, Greece, Italy and Portugal, employing about 10,000 people, and counts global hotel brands including Ritz-Carlton and Hilton as partners, according to the statement.
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hedging the strengthening of sgd against usd
https://www.marketwatch.com/investing/stock/btou?countrycode=sg
https://www.investing.com/currencies/usd-sgd
chartistkao1 ( Date: 06-Nov-2023 15:35) Posted:
SINGAPORE&rsquo S sovereign wealth fund GIC has invested in a 35 per cent stake in Hotel Investment Partners (HIP), an owner of resort hotels in Southern Europe, according to a statement by HIP on Tuesday (Oct 31) night.
Financial details of the investment were not disclosed.
Founded in 2015, HIP was acquired by funds managed by Blackstone in 2017. Blackstone will continue to be the majority shareholder in HIP with a 65 per cent stake, according to the statement.
&ldquo The partners&rsquo cumulative size, scale and capital will bolster our ability to continue the transformation of the hotel landscape in Southern Europe,&rdquo Alejandro Herná ndez-Pué rtolas, founder and CEO of HIP, said in the statement.
HIP has pursued an acquisition and repositioning strategy since 2017 and has invested over US$634.14 million into well-located but under-invested hotels, it said.
HIP has 72 hotels across Spain, Greece, Italy and Portugal, employing about 10,000 people, and counts global hotel brands including Ritz-Carlton and Hilton as partners, according to the statement.
chartistkao1 ( Date: 06-Nov-2023 15:27) Posted:
proxy to reits listed in singapore
Manulife US Reit on track to conclude loan talks by year-end sponsor support package &lsquo compelling&rsquo to lenders: CEO
THE manager of (Manulife US Reit) is on track to conclude by year-end its negotiations with banks, following the Reit&rsquo s breaching of the lenders&rsquo unencumbered gearing ratio, said the manager&rsquo s chief executive officer Tripp Gantt.
A key component of this restructuring is the introduction of a sponsor support package, the contents of which are &ldquo compelling&rdquo to all parties at the table, he said as he gave a third-quarter business update on Friday (Nov 3).
He said he could not give away too much on the package for now as the talks with the lenders are &ldquo sensitive and confidential&rdquo , but pointed out that the execution of the package will depend on the lenders&rsquo approval. &ldquo What I can tell you is that we have been in constant non-stop contact with the banks, with the lenders, and our sponsor... working on this negotiation, and we&rsquo re looking forward to having something to share with you here in the coming weeks.&rdquo
He added that the sponsor&rsquo s package, which is intended to address the Reit&rsquo s long-term liquidity needs and to give it more financial flexibility, &ldquo has evolved to something that seems quite agreeable to almost everybody that&rsquo s involved in these negotiations&rdquo , and is something the manager is &ldquo quite pleased with&rdquo .
Manulife US Reit&rsquo s manager first entered into discussions with banks in July, after the Reit breached a financial covenant in some loan agreements. The covenant had set out a condition &ndash that the ratio of consolidated total unencumbered debt to consolidated total unencumbered assets should be not more than 60 per cent. The breach caused all the Reit&rsquo s loans to be reclassified as current liabilities.
The manager reported on Friday that its unencumbered gearing ratio for Q3 now stands at 59.9 per cent, but negotiations with the lenders to waive the breach would have to continue, as lowering the unencumbered gearing ratio does not rectify a breach of the financial covenant. It also highlighted that distribution payment is also part of the ongoing negotiations with the Reit&rsquo s lenders.
Your feedback is important to us
Tell us what you think. Email us at [email protected]
Asked if an extraordinary general meeting (EGM) to approve the terms of the restructuring would take place by the end of the year, the manager&rsquo s deputy chief executive Caroline Fong said this would depend on how the talks with the lenders turn out, and whether the documents can be ready in time.
That said, she expressed hope that all proceedings, including the EGM, will be finalised by early in the first quarter of next year, based on the current target for the negotiations with the lenders to conclude by the end of this year. Pointing out that a circular would have to go out before the EGM is held, she quipped: &ldquo You never know, you may have a Christmas present, and we hope we don&rsquo t have to have an analyst and media briefing on Christmas Day.&rdquo
On the potential impact of the loan restructuring on the Reit&rsquo s credit spread, the manager&rsquo s chief financial officer Robert Wong said: &ldquo At the moment, we can&rsquo t share any colour as to what the pricing is going to be, but it&rsquo s not going to be moneylender rates. It&rsquo s measured. I think it&rsquo s (looking to be) a win-win for all &ndash lenders, unitholders and investors.&rdquo
Gantt revealed that the manager is beginning to look at selling its non-core assets &ndash those properties that do not come with a &ldquo strong, compelling, future-return potential&rdquo &ndash to reduce the Reit&rsquo s indebtedness and fund capital expenses (capex). A disposition mandate would give the Reit the flexibility to be competitive when the US office market opens up and turns conducive for a sale, he said.
Latest indicators
Manulife US Reit posted an occupancy rate of 84.7 per cent as at the end of September, 3.4 percentage points lower than the 88.1 per cent for the same period last year.
As at Sep 30, the interest-rate coverage of its debt profile stood at 2.4 times, down from 3.4 times in the corresponding period last year. With its interest-rate coverage ratio below 2.5 times, the Reit is not allowed to increase its leverage to beyond the prevailing 45 per cent limit, instead of a 50 per cent limit.
Meanwhile, its aggregated leverage ratio, or gearing, declined slightly on the quarter to 56 per cent, but up 13.5 percentage points from 42.5 per cent by the end of last September.
The manager noted that based on the Monetary Authority of Singapore&rsquo s Code on Collective Investment Schemes, the aggregate leverage limit is not considered to be breached if it was due to &ldquo circumstances beyond the control of the manager&rdquo .
The manager should not incur any additional borrowings or enter into further deferred payment, if exceeding the gearing limit was led by property fund depreciation, or any redemption units or payments made from the property fund.
The Reit&rsquo s weighted average term of maturity stood at 2.3 years, with 69.2 per cent of loans on fixed rates.
Its portfolio weighted average lease expiry stood at 5.1 years, with its top 10 tenants mainly company headquarters or government agencies.
Regarding a potential rights issue to inject more capital into the troubled Reit, the manager noted that the talks with its lenders must first be finalised for any equity fundraising to be considered.
A year-end portfolio valuation will be done as required, which might register a continued decline in office valuations in the US, it added.
&ldquo Under the International Financial Reporting Standards, we have to carefully assess the appropriateness of the fair values of investment properties reported in our balance sheet.&rdquo
As at Jun 30, the cash balance stood at US$133 million, which the manager expects will allow the Reit to &ldquo continue operating (its) portfolio prudently&rdquo .
&ldquo We have set aside a budget for essential capex for 2023, and have reviewed our 2024 budget to determine what essential capex we can undertake.&rdquo
Units of Manulife US Reit closed 9.4 per cent, or US$0.005 higher, at US$0.058 on Friday.
https://links.sgx.com/FileOpen/Manulife%20US%20REIT%203Q%202023%20Operational%20Updates.ashx?App=Announcement& FileID=776940
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SINGAPORE&rsquo S sovereign wealth fund GIC has invested in a 35 per cent stake in Hotel Investment Partners (HIP), an owner of resort hotels in Southern Europe, according to a statement by HIP on Tuesday (Oct 31) night.
Financial details of the investment were not disclosed.
Founded in 2015, HIP was acquired by funds managed by Blackstone in 2017. Blackstone will continue to be the majority shareholder in HIP with a 65 per cent stake, according to the statement.
&ldquo The partners&rsquo cumulative size, scale and capital will bolster our ability to continue the transformation of the hotel landscape in Southern Europe,&rdquo Alejandro Herná ndez-Pué rtolas, founder and CEO of HIP, said in the statement.
HIP has pursued an acquisition and repositioning strategy since 2017 and has invested over US$634.14 million into well-located but under-invested hotels, it said.
HIP has 72 hotels across Spain, Greece, Italy and Portugal, employing about 10,000 people, and counts global hotel brands including Ritz-Carlton and Hilton as partners, according to the statement.
chartistkao1 ( Date: 06-Nov-2023 15:27) Posted:
proxy to reits listed in singapore
Manulife US Reit on track to conclude loan talks by year-end sponsor support package &lsquo compelling&rsquo to lenders: CEO
THE manager of (Manulife US Reit) is on track to conclude by year-end its negotiations with banks, following the Reit&rsquo s breaching of the lenders&rsquo unencumbered gearing ratio, said the manager&rsquo s chief executive officer Tripp Gantt.
A key component of this restructuring is the introduction of a sponsor support package, the contents of which are &ldquo compelling&rdquo to all parties at the table, he said as he gave a third-quarter business update on Friday (Nov 3).
He said he could not give away too much on the package for now as the talks with the lenders are &ldquo sensitive and confidential&rdquo , but pointed out that the execution of the package will depend on the lenders&rsquo approval. &ldquo What I can tell you is that we have been in constant non-stop contact with the banks, with the lenders, and our sponsor... working on this negotiation, and we&rsquo re looking forward to having something to share with you here in the coming weeks.&rdquo
He added that the sponsor&rsquo s package, which is intended to address the Reit&rsquo s long-term liquidity needs and to give it more financial flexibility, &ldquo has evolved to something that seems quite agreeable to almost everybody that&rsquo s involved in these negotiations&rdquo , and is something the manager is &ldquo quite pleased with&rdquo .
Manulife US Reit&rsquo s manager first entered into discussions with banks in July, after the Reit breached a financial covenant in some loan agreements. The covenant had set out a condition &ndash that the ratio of consolidated total unencumbered debt to consolidated total unencumbered assets should be not more than 60 per cent. The breach caused all the Reit&rsquo s loans to be reclassified as current liabilities.
The manager reported on Friday that its unencumbered gearing ratio for Q3 now stands at 59.9 per cent, but negotiations with the lenders to waive the breach would have to continue, as lowering the unencumbered gearing ratio does not rectify a breach of the financial covenant. It also highlighted that distribution payment is also part of the ongoing negotiations with the Reit&rsquo s lenders.
Your feedback is important to us
Tell us what you think. Email us at [email protected]
Asked if an extraordinary general meeting (EGM) to approve the terms of the restructuring would take place by the end of the year, the manager&rsquo s deputy chief executive Caroline Fong said this would depend on how the talks with the lenders turn out, and whether the documents can be ready in time.
That said, she expressed hope that all proceedings, including the EGM, will be finalised by early in the first quarter of next year, based on the current target for the negotiations with the lenders to conclude by the end of this year. Pointing out that a circular would have to go out before the EGM is held, she quipped: &ldquo You never know, you may have a Christmas present, and we hope we don&rsquo t have to have an analyst and media briefing on Christmas Day.&rdquo
On the potential impact of the loan restructuring on the Reit&rsquo s credit spread, the manager&rsquo s chief financial officer Robert Wong said: &ldquo At the moment, we can&rsquo t share any colour as to what the pricing is going to be, but it&rsquo s not going to be moneylender rates. It&rsquo s measured. I think it&rsquo s (looking to be) a win-win for all &ndash lenders, unitholders and investors.&rdquo
Gantt revealed that the manager is beginning to look at selling its non-core assets &ndash those properties that do not come with a &ldquo strong, compelling, future-return potential&rdquo &ndash to reduce the Reit&rsquo s indebtedness and fund capital expenses (capex). A disposition mandate would give the Reit the flexibility to be competitive when the US office market opens up and turns conducive for a sale, he said.
Latest indicators
Manulife US Reit posted an occupancy rate of 84.7 per cent as at the end of September, 3.4 percentage points lower than the 88.1 per cent for the same period last year.
As at Sep 30, the interest-rate coverage of its debt profile stood at 2.4 times, down from 3.4 times in the corresponding period last year. With its interest-rate coverage ratio below 2.5 times, the Reit is not allowed to increase its leverage to beyond the prevailing 45 per cent limit, instead of a 50 per cent limit.
Meanwhile, its aggregated leverage ratio, or gearing, declined slightly on the quarter to 56 per cent, but up 13.5 percentage points from 42.5 per cent by the end of last September.
The manager noted that based on the Monetary Authority of Singapore&rsquo s Code on Collective Investment Schemes, the aggregate leverage limit is not considered to be breached if it was due to &ldquo circumstances beyond the control of the manager&rdquo .
The manager should not incur any additional borrowings or enter into further deferred payment, if exceeding the gearing limit was led by property fund depreciation, or any redemption units or payments made from the property fund.
The Reit&rsquo s weighted average term of maturity stood at 2.3 years, with 69.2 per cent of loans on fixed rates.
Its portfolio weighted average lease expiry stood at 5.1 years, with its top 10 tenants mainly company headquarters or government agencies.
Regarding a potential rights issue to inject more capital into the troubled Reit, the manager noted that the talks with its lenders must first be finalised for any equity fundraising to be considered.
A year-end portfolio valuation will be done as required, which might register a continued decline in office valuations in the US, it added.
&ldquo Under the International Financial Reporting Standards, we have to carefully assess the appropriateness of the fair values of investment properties reported in our balance sheet.&rdquo
As at Jun 30, the cash balance stood at US$133 million, which the manager expects will allow the Reit to &ldquo continue operating (its) portfolio prudently&rdquo .
&ldquo We have set aside a budget for essential capex for 2023, and have reviewed our 2024 budget to determine what essential capex we can undertake.&rdquo
Units of Manulife US Reit closed 9.4 per cent, or US$0.005 higher, at US$0.058 on Friday.
https://links.sgx.com/FileOpen/Manulife%20US%20REIT%203Q%202023%20Operational%20Updates.ashx?App=Announcement& FileID=776940
chartistkao1 ( Date: 06-Nov-2023 15:18) Posted:
understand all the old and new rules
https://www.youtube.com/watch?v=zv_4lCdPyX |
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