http://news.cctv.com/education/20070906/106671.shtml

 

https://www.esquirehk.com/money-investment/li-ka-shing-10-quote

https://golddengroup.com/SG-Info/206.html

 

https://www.afr.com/world/asia/asia-s-billionaires-flock-to-singapore-for-impact-investing-20220615-p5au27

https://xueqiu.com/7925770134/177076045

https://investors.sgx.com/company-disclosures/company-announcements?securityCode=O39& annc=45F7BDZY04L9071D

https://www.dividends.sg/view/o39

vs sg 6 months t bills

https://blog.seedly.sg/treasury-bills-t-bill-singapore-guide/

The CBA share price has been one of the best ASX blue-chip performers over the past decade. The Commonwealth Bank share price has appreciated by a rough 45% over the past ten years. And investors have enjoyed CBA' s solid and fully-franked dividend over this time as we

 

On a long-term basis, CBA has earned a return on equity (ROE) about 25 per cent higher than the big four peers and, as a result, has traded on a price-to-book ratio approximately 40 per cent above the peer group. While sector returns have fallen, CBA continues to earn a ROE 25 per cent higher than peers.

https://investors.sgx.com/company-disclosures/company-announcements?securityCode=O39& annc=RG2D8TLOFZ0G1TWP

 

https://finance.yahoo.com/quote/O39.SI/history?p=O39.SI

https://www.singaporememory.sg/contents/SMA-90d7ef4e-60e8-41dc-8598-35b268e0ab4d

 

https://www.nst.com.my/news/nation/2018/11/430405/malaysia-and-singapore-are-twins-says-dr-mahathir

https://www.mfa.gov.sg/Newsroom/Press-Statements-Transcripts-and-Photos/2000/01/MFA-Spokesmans-Comments-on-the-CPF-and-CLOB-issues

 

Mr Kwek Leng Beng, the 82-year-old executive chairman of CDL, said at Thursday&rsquo s results briefing: &ldquo I would like to say that first, interest rates are not going to go up anymore, in my view, because inflation (has peaked) around the world.
&ldquo Second, we have for many years gone from one place to another, and we try to find a niche. And this niche is something that you know, you get it, you feel it, you cannot explain it in so many words. And I would like to grab opportunities, whether it is in Britain, Asia, America and so on.&rdquo

Mahathir Says Singaporeans Must Take Share Discounts

 

 

---

In his first comments on a proposal under which businessman Akhbar Khan would buy up billions of dollars of such shares, Prime Minister Mahathir Mohamad said Monday night in Kuala Lumpur that a " lot" of Singapore investors " were responsible for the fall in the share prices" last year and that they " did nothing to help to bring up the [share] value" when prices fell. Now, he added, " I don' t think it is morally right for them to gain benefit from something they didn' t help achieving."
Mr. Akhbar, a Singaporean businessman who lives in Malaysia, on Friday launched an offer to buy all the shares once traded under a system called the Central Limit Order Book, or CLOB. The Malaysian government banned offshore trading in Malaysian shares as part of its move to impose currency controls last September. Since then, authorities have been seeking a way to offer the more than 170,000 mostly Singaporean investors in CLOB a way out of their stakes without sparking widespread selling of the shares in Kuala Lumpur.

' Highway Clobbery'

Under Mr. Akhbar' s plan, his company, named Effective Capital Sdn. Bhd., would buy the Malaysian shares for 45% more than the shares' prices on Sept. 15, when Singapore trading in CLOB shares was halted. However, the main index of the Kuala Lumpur Stock Exchange has shot up nearly 75% since Sept. 15. So the prices offered by Mr. Akhbar, who has close ties to Malaysian Finance Minister Tun Daim Zainuddin, represent a 30% to 70% discount to the shares' current Malaysian market prices.
Many Singaporeans holding CLOB shares have reacted angrily to Mr. Akhbar' s plan. Singapore newspapers have labeled it " highway Clobbery." Mr. Akhbar, as quoted in Singapore newspapers, has said he' s a friend of the island and that he wouldn' t make a " killing" from the plan.
Dr. Mahathir' s comments criticizing Singapore investors may contribute to making CLOB a political issue between Malaysia and Singapore, securities analysts said. There' s a long history of political rows between the often-testy neighbors, which at one time were part of the same nation. The Malaysian leader' s comments " could contribute to CLOB turning into a messy political issue," said a senior Singapore broker Tuesday. " Mahathir wants to punish the wrong people -- he wants to punish the short-sellers, who are gone from the market." Short-sellers sell borrowed shares in a bet that prices will go down.
So far, no Singapore government official has commented on the issue. Deputy Prime Minister Lee Hsien Loong is expected to respond to a question on CLOB in Parliament on Thursday. CLOB investors are also waiting for a statement from the Stock Exchange of Singapore, which Monday said only that it is " studying the [Akhbar] offer ... and seeking legal advice."

Decision Hasn' t Been Made

Some Singaporean owners of CLOB shares hope Mr. Akhbar' s plan is simply a trial balloon that gets shot down. But it isn' t clear whether Kuala Lumpur is studying any alternatives. Dr. Mahathir said Monday that there are " several proposals" and Malaysia hadn' t decided on any one.
The Business Times of Singapore on Tuesday reported that investment bank Jardine Fleming Ltd. had emerged as a " potential challenger" to Mr. Akhbar. But Jardine Fleming said in a statement that it has made no formal proposal to the Malaysian government and that it " has no current intention of submitting a bid for part or all of the CLOB shares." Financial executives in Kuala Lumpur said last week that Mr. Akhbar' s plan would give CLOB investors two alternatives to selling out to the businessman for cash: exchanging the shares for units in a closed-end fund Mr. Akhbar would set up, or keeping the shares but being unable to trade them for three to five years. However, no details on those options have been released.

 

What to Read Next

The Phillips curve is an economic theory that inflation and unemployment have a stable and inverse relationship.

Say, if the unemployment rate in the economy of country ABC is 6%, then the inflation rate is 3%. According to the Phillips curve, if the unemployment rate decreases from 6% to 5%, the inflation rate will increase to 3.5%. If the unemployment rate increases, the inflation rate will also decrease.

https://edition.cnn.com/2023/08/07/business/fed-rate-hike-inflation/index.html