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ocbc buyers fight back from the shortists

chartistkao1      ( Date: 26-Sep-2023 12:13) Posted: is this a good opportunity for value investors? https://www.youtube.com/watch?v=18RTtDVghfw chartistkao1      ( Date: 26-Sep-2023 12:09) Posted: when US shutdown on 1 oct 2023 the rest of the world still need to make money ,trade and continue with their life and eat,sleep and work as usual https://www.scmp.com/news/china/science/article/3235419/china-plans-build-giant-chip-factory-driven-particle-accelerato

 

is this a good opportunity for value investors?
https://www.youtube.com/watch?v=18RTtDVghfw

chartistkao1      ( Date: 26-Sep-2023 12:09) Posted: when US shutdown on 1 oct 2023 the rest of the world still need to make money ,trade and continue with their life and eat,sleep and work as usual https://www.scmp.com/news/china/science/article/3235419/china-plans-build-giant-chip-factory-driven-particle-accelerator chartistkao1      ( Date: 26-Sep-2023 11:48) Posted: https://www.aljazeera.com/news/2023/9/21/whats-happening-with-normalising-ties-between-saudi-arabia-and-israel   https://www.pbs.org/newshour/show/how-normalized-relations-between-saudi-arabia-and-israel-could-change-the-middle-east https://asiatimes.com/2023/03/chinas-middle-east-reset-will-ultimately-depend-on-israel/

 

when US shutdown on 1 oct 2023 the rest of the world still need to make money ,trade and continue with their life and eat,sleep and work as usual
https://www.scmp.com/news/china/science/article/3235419/china-plans-build-giant-chip-factory-driven-particle-accelerator

chartistkao1      ( Date: 26-Sep-2023 11:48) Posted: https://www.aljazeera.com/news/2023/9/21/whats-happening-with-normalising-ties-between-saudi-arabia-and-israel   https://www.pbs.org/newshour/show/how-normalized-relations-between-saudi-arabia-and-israel-could-change-the-middle-east https://asiatimes.com/2023/03/chinas-middle-east-reset-will-ultimately-depend-on-israel/   chartistkao1      ( Date: 26-Sep-2023 11:42) Posted: https://www.cnbc.com/2023/07/04/ocbc-is-looking-to-greater-china-and-southeast-asia-for-revenue-boost.html https://rajneetpg2022.com/federal-government-shutdown/ https://www.cbsnews.com/news/us-aid-ukraine-60-minutes-transcript/

 

chartistkao1      ( Date: 26-Sep-2023 11:42) Posted: https://www.cnbc.com/2023/07/04/ocbc-is-looking-to-greater-china-and-southeast-asia-for-revenue-boost.html https://rajneetpg2022.com/federal-government-shutdown/ https://www.cbsnews.com/news/us-aid-ukraine-60-minutes-transcript/ chartistkao1      ( Date: 26-Sep-2023 11:14) Posted: http://www.asean-china-center.org/english/2015-08/8876.html   https://www.silkroadbriefing.com/news/2023/08/01/chinas-h1-2023-trade-with-bri-countries-up-9-8-chinese-bri-investment-continues/ https://english.news.cn/20230628/d5196eaa18e7427bab0cdc870a6a6c17/c.html   next time malaysia bird nest to china vie bri

 

chartistkao1      ( Date: 26-Sep-2023 11:14) Posted: http://www.asean-china-center.org/english/2015-08/8876.html   https://www.silkroadbriefing.com/news/2023/08/01/chinas-h1-2023-trade-with-bri-countries-up-9-8-chinese-bri-investment-continues/ https://english.news.cn/20230628/d5196eaa18e7427bab0cdc870a6a6c17/c.html   next time malaysia bird nest to china vie bri   chartistkao1      ( Date: 26-Sep-2023 11:04) Posted: https://www.cnbc.com/2023/09/23/eu-does-not-want-to-decouple-from-china-but-must-protect-itself-says-eu-trade-chief.html do EU wants to shutdown with us togetther on 1 october 2023? https://www.weforum.org/agenda/2023/02/friendshoring-global-trade-buzzwords/

 

chartistkao1      ( Date: 26-Sep-2023 11:04) Posted: https://www.cnbc.com/2023/09/23/eu-does-not-want-to-decouple-from-china-but-must-protect-itself-says-eu-trade-chief.html do EU wants to shutdown with us togetther on 1 october 2023? https://www.weforum.org/agenda/2023/02/friendshoring-global-trade-buzzwords/ chartistkao1      ( Date: 26-Sep-2023 10:50) Posted: EU does not want to decouple from China but must protect itself: EU trade chief Published Sat, Sep 23, 2023 · 12:39 pm Valdis Dombrovskis, who is also the bloc&rsquo s trade commissioner, is on a four-day visit to China seeking more balanced economic ties with the EU.   PHOTO: REUTERS China THE European Union has no intention to decouple from China but needs to protect itself when its openness is abused, the bloc&rsquo s executive vice-president Valdis Dombrovskis said, as both sides look to cool rising tensions over geopolitics and trade. Relations have become tense due to Beijing&rsquo s ties with Moscow after Russian forces swept into Ukraine, and the EU&rsquo s push to rely less on the world&rsquo s second-largest economy. The bloc posted record bilateral trade with China last year, but it is &ldquo very unbalanced&rdquo , Dombrovskis said on Saturday (Sep 23) in a speech at the annual Bund Summit conference in Shanghai, citing a trade deficit of almost 400 billion euros (S$582.8 billion).   Dombrovskis, who is also the bloc&rsquo s trade commissioner, is on a four-day visit to China seeking more balanced economic ties with the EU. He arrived just over a week after the European Commission said it would investigate whether to impose punitive tariffs to protect European producers from cheaper Chinese electric vehicle (EV) imports it says are benefiting from state subsidies. The trip is designed to renew dialogue with China after the Covid-19 pandemic with both sides looking to cool tensions over issues ranging from foreign investment, trade and geopolitics as well as Western criticism of Beijing&rsquo s closer ties with Moscow following Russia&rsquo s 2022 invasion of Ukraine. SEE ALSO IMF board clears Suriname review, sees advance in China debt talks GET BT IN YOUR INBOX DAILY Start and end each day with the latest news stories and analyses delivered straight to your inbox.   Sign Up VIEW ALL    Your feedback is important to us Tell us what you think. Email us at  [email protected]   &ldquo Creating an open market among its members was one of the EU&rsquo s founding principles. We are also committed to free and fair global trade. And &lsquo fair&rsquo is the key word here,&rdquo he said. Citing the bloc&rsquo s trade deficit as an example, he added: &ldquo The EU also needs to protect itself in situations when its openness is abused.&rdquo &ldquo This means minimising our strategic dependencies for a select number of strategic products,&rdquo but the EU&rsquo s economic strategy was focused on de-risking, not decoupling, he said. &ldquo The EU has no intention of decoupling from China.&rdquo Litmus test The EU blames its 400 billion euro trade deficit partly on Chinese restrictions on European companies. A &ldquo thousand&rdquo barriers to market access have propelled the trade deficit to its &ldquo highest in the history of mankind&rdquo , EU Ambassador to China Jorge Toledo lamented at a forum in Beijing on Thursday. The economic and trade dialogue on Monday between Dombrovskis and Chinese Vice-Premier He Lifeng, the 10th such discussion since 2008, will be a &ldquo litmus test&rdquo for the two sides, Chinese nationalist tabloid  Global Times  said on Thursday. Dombrovskis told Reuters on the sidelines of the summit that &ldquo substantial technical work&rdquo preceded the EU probe into Chinese-made EVs and that they would look to engage both Chinese authorities and industry in the investigation. &ldquo We are open for competition including for competition in the electric vehicles sector but competition has to be fair,&rdquo he said. China has blasted the probe as protectionist and the Chinese Chamber of Commerce to the EU said the sector&rsquo s advantage was not due to subsidies. Asked if the EU was looking at other sectors, he added: &ldquo There are several areas where we are looking at possible trade irritants and barriers, and actually this is one of the topics I&rsquo m going to raise also with my Chinese counterparts... On one hand, we must discuss how we advance our relationship, but also we need to be able to discuss if there are some issues or trade barriers to be addressed.&rdquo He declined to provide further details. In his speech, Dombrovskis also said he believed that China faced a &ldquo challenging process of macroeconomic adjustment&rdquo , but stressed that Beijing must broaden access for foreign businesses and maintain a stable business environment for fair trade relations. He also urged China to take a stance against Russia&rsquo s &ldquo tactic of weaponising food&rdquo and use its influence in reviving the Black Sea Grain Initiative which expired in July after Moscow quit. REUTERS KEYWORDS IN THIS ARTICLE

 

chartistkao1      ( Date: 26-Sep-2023 10:50) Posted: EU does not want to decouple from China but must protect itself: EU trade chief Published Sat, Sep 23, 2023 · 12:39 pm Valdis Dombrovskis, who is also the bloc&rsquo s trade commissioner, is on a four-day visit to China seeking more balanced economic ties with the EU.   PHOTO: REUTERS China THE European Union has no intention to decouple from China but needs to protect itself when its openness is abused, the bloc&rsquo s executive vice-president Valdis Dombrovskis said, as both sides look to cool rising tensions over geopolitics and trade. Relations have become tense due to Beijing&rsquo s ties with Moscow after Russian forces swept into Ukraine, and the EU&rsquo s push to rely less on the world&rsquo s second-largest economy. The bloc posted record bilateral trade with China last year, but it is &ldquo very unbalanced&rdquo , Dombrovskis said on Saturday (Sep 23) in a speech at the annual Bund Summit conference in Shanghai, citing a trade deficit of almost 400 billion euros (S$582.8 billion).   Dombrovskis, who is also the bloc&rsquo s trade commissioner, is on a four-day visit to China seeking more balanced economic ties with the EU. He arrived just over a week after the European Commission said it would investigate whether to impose punitive tariffs to protect European producers from cheaper Chinese electric vehicle (EV) imports it says are benefiting from state subsidies. The trip is designed to renew dialogue with China after the Covid-19 pandemic with both sides looking to cool tensions over issues ranging from foreign investment, trade and geopolitics as well as Western criticism of Beijing&rsquo s closer ties with Moscow following Russia&rsquo s 2022 invasion of Ukraine. SEE ALSO IMF board clears Suriname review, sees advance in China debt talks GET BT IN YOUR INBOX DAILY Start and end each day with the latest news stories and analyses delivered straight to your inbox.   Sign Up VIEW ALL    Your feedback is important to us Tell us what you think. Email us at  [email protected]   &ldquo Creating an open market among its members was one of the EU&rsquo s founding principles. We are also committed to free and fair global trade. And &lsquo fair&rsquo is the key word here,&rdquo he said. Citing the bloc&rsquo s trade deficit as an example, he added: &ldquo The EU also needs to protect itself in situations when its openness is abused.&rdquo &ldquo This means minimising our strategic dependencies for a select number of strategic products,&rdquo but the EU&rsquo s economic strategy was focused on de-risking, not decoupling, he said. &ldquo The EU has no intention of decoupling from China.&rdquo Litmus test The EU blames its 400 billion euro trade deficit partly on Chinese restrictions on European companies. A &ldquo thousand&rdquo barriers to market access have propelled the trade deficit to its &ldquo highest in the history of mankind&rdquo , EU Ambassador to China Jorge Toledo lamented at a forum in Beijing on Thursday. The economic and trade dialogue on Monday between Dombrovskis and Chinese Vice-Premier He Lifeng, the 10th such discussion since 2008, will be a &ldquo litmus test&rdquo for the two sides, Chinese nationalist tabloid  Global Times  said on Thursday. Dombrovskis told Reuters on the sidelines of the summit that &ldquo substantial technical work&rdquo preceded the EU probe into Chinese-made EVs and that they would look to engage both Chinese authorities and industry in the investigation. &ldquo We are open for competition including for competition in the electric vehicles sector but competition has to be fair,&rdquo he said. China has blasted the probe as protectionist and the Chinese Chamber of Commerce to the EU said the sector&rsquo s advantage was not due to subsidies. Asked if the EU was looking at other sectors, he added: &ldquo There are several areas where we are looking at possible trade irritants and barriers, and actually this is one of the topics I&rsquo m going to raise also with my Chinese counterparts... On one hand, we must discuss how we advance our relationship, but also we need to be able to discuss if there are some issues or trade barriers to be addressed.&rdquo He declined to provide further details. In his speech, Dombrovskis also said he believed that China faced a &ldquo challenging process of macroeconomic adjustment&rdquo , but stressed that Beijing must broaden access for foreign businesses and maintain a stable business environment for fair trade relations. He also urged China to take a stance against Russia&rsquo s &ldquo tactic of weaponising food&rdquo and use its influence in reviving the Black Sea Grain Initiative which expired in July after Moscow quit. REUTERS KEYWORDS IN THIS ARTICLE chartistkao1      ( Date: 26-Sep-2023 10:29) Posted: to prepare for 1 october 2023 US big shutdown EU need to improve trade with china agin https://www.youtube.com/watch?v=6l5xDZIqoeo https://www.channelnewsasia.com/world/european-union-trade-chief-companies-china-future-3796316

 

chartistkao1      ( Date: 26-Sep-2023 10:29) Posted: to prepare for 1 october 2023 US big shutdown EU need to improve trade with china agin https://www.youtube.com/watch?v=6l5xDZIqoeo https://www.channelnewsasia.com/world/european-union-trade-chief-companies-china-future-3796316 chartistkao1      ( Date: 25-Sep-2023 16:58) Posted: https://www.youtube.com/watch?v=igNVdlXhKcI   https://www.wionews.com/world/explained-what-is-likely-to-happen-if-us-government-shutdown-on-october-1-639264

 

to prepare for 1 october 2023 US big shutdown EU need to improve trade with china agin

chartistkao1      ( Date: 25-Sep-2023 16:58) Posted: https://www.youtube.com/watch?v=igNVdlXhKcI   https://www.wionews.com/world/explained-what-is-likely-to-happen-if-us-government-shutdown-on-october-1-639264 chartistkao1      ( Date: 25-Sep-2023 16:53) Posted: https://www.youtube.com/watch?v=BxuY9FET9Y4   The shutdown will effectively begin at 12.01 am on October 1 if the Congress is not able to pass a funding plan that the president signs into law. Though it is not possible to predict how long a shutdown would last, the US lawmakers will have to devise plan to fund the government. https://www.businesstoday.in/latest/world/story/us-govt-faces-shutdown-on-october-1-what-does-it-mean-who-gets-affected-399487-2023-09-24

 

chartistkao1      ( Date: 25-Sep-2023 16:53) Posted: https://www.youtube.com/watch?v=BxuY9FET9Y4   The shutdown will effectively begin at 12.01 am on October 1 if the Congress is not able to pass a funding plan that the president signs into law. Though it is not possible to predict how long a shutdown would last, the US lawmakers will have to devise plan to fund the government. https://www.businesstoday.in/latest/world/story/us-govt-faces-shutdown-on-october-1-what-does-it-mean-who-gets-affected-399487-2023-09-24   chartistkao1      ( Date: 25-Sep-2023 15:16) Posted: when you are above 60 years old some are not very sharp but they Trying to understand a complicated G policy is like trying to put together a 1,000- piece jigsaw puzzle ... You try to find pieces that fit together and sometimes you get so frustrated you actually &ldquo force&rsquo &rsquo pieces together. Then sometimes you go blind looking for a specific piece because there are so many pieces of roughly the same shade. You get angry. You throw the whole puzzle out of the window [&hellip ] The G is answering [people&rsquo s] questions in financial gobbledygook. Lots of jargon and acronyms like SGS and SSGS and some very fine numbers with decimal points. You need a degree in finance and a great deal of patience to cut through the tangle

 

chartistkao1      ( Date: 25-Sep-2023 15:16) Posted: when you are above 60 years old some are not very sharp but they Trying to understand a complicated G policy is like trying to put together a 1,000- piece jigsaw puzzle ... You try to find pieces that fit together and sometimes you get so frustrated you actually &ldquo force&rsquo &rsquo pieces together. Then sometimes you go blind looking for a specific piece because there are so many pieces of roughly the same shade. You get angry. You throw the whole puzzle out of the window [&hellip ] The G is answering [people&rsquo s] questions in financial gobbledygook. Lots of jargon and acronyms like SGS and SSGS and some very fine numbers with decimal points. You need a degree in finance and a great deal of patience to cut through the tangle. chartistkao1      ( Date: 25-Sep-2023 15:13) Posted: a complex system compare to when the market is selling ocbc badly you buy and the dividend is still above 6.2% at the price you buy you buy more compare to you need a mba to understand https://lkyspp.nus.edu.sg/docs/default-source/case-studies/cpf-case_final_feb2015.pdf?sfvrsn=eac0960b_

 

when you are above 60 years old some are not very sharp but they
Trying to understand a complicated G policy is like trying to put together a 1,000-
piece jigsaw puzzle ... You try to find pieces that fit together and sometimes you
get so frustrated you actually &ldquo force&rsquo &rsquo pieces together. Then sometimes you go
blind looking for a specific piece because there are so many pieces of roughly the
same shade. You get angry. You throw the whole puzzle out of the window [&hellip ]
The G is answering [people&rsquo s] questions in financial gobbledygook. Lots of jargon
and acronyms like SGS and SSGS and some very fine numbers with decimal
points. You need a degree in finance and a great deal of patience to cut through
the tangle.

chartistkao1      ( Date: 25-Sep-2023 15:13) Posted: a complex system compare to when the market is selling ocbc badly you buy and the dividend is still above 6.2% at the price you buy you buy more compare to you need a mba to understand https://lkyspp.nus.edu.sg/docs/default-source/case-studies/cpf-case_final_feb2015.pdf?sfvrsn=eac0960b_2 chartistkao1      ( Date: 25-Sep-2023 14:24) Posted: are they too big to fail like the 3 banks here? https://fintechnews.sg/67599/virtual-banking/all-5-singapore-digital-banks-are-now-members-of-the-credit-bureau

 

a complex system compare to when the market is selling ocbc badly you buy and the dividend is still above 6.2% at the price you buy you buy more compare to you need a mba to understand
https://lkyspp.nus.edu.sg/docs/default-source/case-studies/cpf-case_final_feb2015.pdf?sfvrsn=eac0960b_2

chartistkao1      ( Date: 25-Sep-2023 14:24) Posted: are they too big to fail like the 3 banks here? https://fintechnews.sg/67599/virtual-banking/all-5-singapore-digital-banks-are-now-members-of-the-credit-bureau/ chartistkao1      ( Date: 25-Sep-2023 14:21) Posted: 10 years from 2023 at age 65 you should be getting a handsome from https://www.investing.com/equities/oversea-chinese-banking-corp.-consensus-estimates   unless they take a risk taker ceo who gambles your returns away

 

are they too big to fail like the 3 banks here?
https://fintechnews.sg/67599/virtual-banking/all-5-singapore-digital-banks-are-now-members-of-the-credit-bureau/

chartistkao1      ( Date: 25-Sep-2023 14:21) Posted: 10 years from 2023 at age 65 you should be getting a handsome from https://www.investing.com/equities/oversea-chinese-banking-corp.-consensus-estimates   unless they take a risk taker ceo who gambles your returns away chartistkao1      ( Date: 25-Sep-2023 14:15) Posted: you buy when the bloody US hedge funds are shorting in october https://finance.yahoo.com/news/michael-burry-shorting-market-again-210648498.html https://www.cnbc.com/2023/08/03/billionaire-investor-bill-ackman-says-hes-shorting-30-year-treasury-bills.html

 

10 years from 2023 at age 65 you should be getting a handsome from

chartistkao1      ( Date: 25-Sep-2023 14:15) Posted: you buy when the bloody US hedge funds are shorting in october https://finance.yahoo.com/news/michael-burry-shorting-market-again-210648498.html https://www.cnbc.com/2023/08/03/billionaire-investor-bill-ackman-says-hes-shorting-30-year-treasury-bills.html chartistkao1      ( Date: 25-Sep-2023 14:10) Posted: if you are 55 years old and you buy ocbc at $12.75 in next 5 years at age 60 years old ,your share become $17.48 if us can not tahan and cut rates aggressively again assuming they increase dividend 10% every year you will enjoy dividend gain and share gain https://walletinvestor.com/sgx-stock-forecast/o39-stock-predictio

 

you buy when the bloody US hedge funds are shorting in october

chartistkao1      ( Date: 25-Sep-2023 14:10) Posted: if you are 55 years old and you buy ocbc at $12.75 in next 5 years at age 60 years old ,your share become $17.48 if us can not tahan and cut rates aggressively again assuming they increase dividend 10% every year you will enjoy dividend gain and share gain https://walletinvestor.com/sgx-stock-forecast/o39-stock-prediction chartistkao1      ( Date: 25-Sep-2023 14:01) Posted: A too big to failed reponse to the coming bloody us' s october selloff triggered by more rate hikes and a short or long period shutdown https://www.channelnewsasia.com/singapore/mas-increase-coverage-deposit-insurance-scheme-100000-april-2024-379066

 

if you are 55 years old and you buy ocbc at $12.75 in next 5 years at age 60 years old ,your share become $17.48 if us can not tahan and cut rates aggressively again assuming they increase dividend 10% every year you will enjoy dividend gain and share gain
https://walletinvestor.com/sgx-stock-forecast/o39-stock-prediction

chartistkao1      ( Date: 25-Sep-2023 14:01) Posted: A too big to failed reponse to the coming bloody us' s october selloff triggered by more rate hikes and a short or long period shutdown https://www.channelnewsasia.com/singapore/mas-increase-coverage-deposit-insurance-scheme-100000-april-2024-3790666 chartistkao1      ( Date: 25-Sep-2023 13:58) Posted: there is too big to fail bank in us and singapore but there is no too big to fail contract manufacturer in us or sg https://www.marketwatch.com/investing/stock/o39?countrycode=sg   https://sginvestors.io/sgx/stock/v03-venture/news-article   which one to pick up in october 2023 us shutdown selloff

 

A too big to failed reponse to the coming bloody us' s october selloff triggered by more rate hikes and a short or long period shutdown
https://www.channelnewsasia.com/singapore/mas-increase-coverage-deposit-insurance-scheme-100000-april-2024-3790666

chartistkao1      ( Date: 25-Sep-2023 13:58) Posted: there is too big to fail bank in us and singapore but there is no too big to fail contract manufacturer in us or sg https://www.marketwatch.com/investing/stock/o39?countrycode=sg   https://sginvestors.io/sgx/stock/v03-venture/news-article   which one to pick up in october 2023 us shutdown selloff chartistkao1      ( Date: 25-Sep-2023 13:51) Posted: FROM CK Asset&rsquo s Li Ka-shing to Henderson Land Development&rsquo s  Lee Shau-Kee, Hong Kong&rsquo s fabulously wealthy tycoons have  for decades dominated the city&rsquo s property and retail sectors. Now, these families face a big existential crisis. Their founders  are either really old or have passed away. The younger  heirs need  to prove  that the original rags-to-riches business acumen is still in  their DNA, at a time when the economy and the financing world are rapidly changing. Out of the four biggest dynasties, the most vulnerable seems to be the Chengs, whose empire spans property flagship New World Development and retail jeweller Chow Tai Fook Jewellery Group. After a brutal sell-off this summer, bonds issued by New World are yielding double digits &ndash hardly befitting the image of a family that is, by one estimate, worth almost US$30 billion. Leverage is the worry. Once we consider perpetual bonds as debt, New World&rsquo s net gearing reaches an elevated 80 per cent, according to UBS. This is  much higher than that of its peers Henderson Land, CK Asset or the Kwok family&rsquo s Sun Hung Kai Properties. In fact, its balance sheet looks more like those of the city&rsquo s smaller builders, or even &ndash gasp &ndash   mainland Chinese developers. Since becoming New World&rsquo s chief executive in 2020, Adrian Cheng &ndash the Harvard-educated eldest grandson of founder Cheng Yu-tung &ndash has been, in his own words, not &ldquo trying to preserve it and hold it tight&rdquo ,  but &ldquo disrupting and rejuvenating it to create a new business model&rdquo . To that end, as his first signature project, the HK$20 billion (S$3.5 billion)  Victoria Dockside complex &ndash across the harbour  from Causeway Bay, one of the world&rsquo s most expensive retail districts &ndash   boasts artistic, innovative designs throughout. Rosewood Hong Kong, a new luxury hotel run by his younger sister Sonia, another Harvard graduate, is also located there. Meanwhile, Adrian  is building 11 Skies, a HK$20 billion retail and entertainment complex near the airport, betting that mainland Chinese will continue to crowd into Hong Kong and splash money. Another project, the  HK$30 billion Kai Tai Sports Park, is  on  the site of the city&rsquo s old airport. This area  is being developed into a second commercial hub that rivals Central, albeit with  snags and delays. All that ambition comes at a cost, even for the Chengs. As a way to inject capital into New World, the private family office plans to buy its 61 per cent equity interest in NWS Holdings, a separately listed subsidiary with operations in construction, insurance and toll roads. Upon completion of this deal, New World will likely receive HK$17.8 billion in net proceeds.  This deal is a double-edged sword. On the one hand, it will help ease New World&rsquo s liquidity needs. The developer has about HK$39 billion in short-term debt,  and capital expenditure has been elevated in part because of 11 Skies. On the other hand, there is now a perception in the market  that the developer may no longer be able to get financing below 6.7 per cent, which is NWS&rsquo dividend yield. It is a reputation hit the family has to accept.  As such, in late August, when a little-known blogger accused New World of &ldquo disguising equity as debt&rdquo and pledging away three commercial projects &ndash said to be valued at HK$20 billion &ndash for financing at  11 per cent to 12 per cent interest, the market response was immediate and brutal. The builder had to release a statement on the Hong Kong stock exchange, denouncing such &ldquo untrue and unfounded statements&rdquo . But think about it: When  was the last time a tycoon family  had to come out defending itself against anonymous social media users or short-sellers? It is certainly a sign of changing times. Despite having billions of dollars outstanding, New World&rsquo s bonds are not rated by any of the big three agencies &ndash perhaps because it thought there was no issue  with demand,  and its name brand alone spelled prestige and creditworthiness. But with the city&rsquo s interest rates  on the rise, and after China&rsquo s  property  blow-ups, investors  get cold feet easily. They are starting  to worry about Hong Kong&rsquo s real estate sector, too. Can Adrian&rsquo s faith in the city and his artistic, luxury bets pay off? Investors are sceptical. BLOOMBERG

 

there is too big to fail bank in us and singapore but there is no too big to fail contract manufacturer in us or sg

chartistkao1      ( Date: 25-Sep-2023 13:51) Posted: FROM CK Asset&rsquo s Li Ka-shing to Henderson Land Development&rsquo s  Lee Shau-Kee, Hong Kong&rsquo s fabulously wealthy tycoons have  for decades dominated the city&rsquo s property and retail sectors. Now, these families face a big existential crisis. Their founders  are either really old or have passed away. The younger  heirs need  to prove  that the original rags-to-riches business acumen is still in  their DNA, at a time when the economy and the financing world are rapidly changing. Out of the four biggest dynasties, the most vulnerable seems to be the Chengs, whose empire spans property flagship New World Development and retail jeweller Chow Tai Fook Jewellery Group. After a brutal sell-off this summer, bonds issued by New World are yielding double digits &ndash hardly befitting the image of a family that is, by one estimate, worth almost US$30 billion. Leverage is the worry. Once we consider perpetual bonds as debt, New World&rsquo s net gearing reaches an elevated 80 per cent, according to UBS. This is  much higher than that of its peers Henderson Land, CK Asset or the Kwok family&rsquo s Sun Hung Kai Properties. In fact, its balance sheet looks more like those of the city&rsquo s smaller builders, or even &ndash gasp &ndash   mainland Chinese developers. Since becoming New World&rsquo s chief executive in 2020, Adrian Cheng &ndash the Harvard-educated eldest grandson of founder Cheng Yu-tung &ndash has been, in his own words, not &ldquo trying to preserve it and hold it tight&rdquo ,  but &ldquo disrupting and rejuvenating it to create a new business model&rdquo . To that end, as his first signature project, the HK$20 billion (S$3.5 billion)  Victoria Dockside complex &ndash across the harbour  from Causeway Bay, one of the world&rsquo s most expensive retail districts &ndash   boasts artistic, innovative designs throughout. Rosewood Hong Kong, a new luxury hotel run by his younger sister Sonia, another Harvard graduate, is also located there. Meanwhile, Adrian  is building 11 Skies, a HK$20 billion retail and entertainment complex near the airport, betting that mainland Chinese will continue to crowd into Hong Kong and splash money. Another project, the  HK$30 billion Kai Tai Sports Park, is  on  the site of the city&rsquo s old airport. This area  is being developed into a second commercial hub that rivals Central, albeit with  snags and delays. All that ambition comes at a cost, even for the Chengs. As a way to inject capital into New World, the private family office plans to buy its 61 per cent equity interest in NWS Holdings, a separately listed subsidiary with operations in construction, insurance and toll roads. Upon completion of this deal, New World will likely receive HK$17.8 billion in net proceeds.  This deal is a double-edged sword. On the one hand, it will help ease New World&rsquo s liquidity needs. The developer has about HK$39 billion in short-term debt,  and capital expenditure has been elevated in part because of 11 Skies. On the other hand, there is now a perception in the market  that the developer may no longer be able to get financing below 6.7 per cent, which is NWS&rsquo dividend yield. It is a reputation hit the family has to accept.  As such, in late August, when a little-known blogger accused New World of &ldquo disguising equity as debt&rdquo and pledging away three commercial projects &ndash said to be valued at HK$20 billion &ndash for financing at  11 per cent to 12 per cent interest, the market response was immediate and brutal. The builder had to release a statement on the Hong Kong stock exchange, denouncing such &ldquo untrue and unfounded statements&rdquo . But think about it: When  was the last time a tycoon family  had to come out defending itself against anonymous social media users or short-sellers? It is certainly a sign of changing times. Despite having billions of dollars outstanding, New World&rsquo s bonds are not rated by any of the big three agencies &ndash perhaps because it thought there was no issue  with demand,  and its name brand alone spelled prestige and creditworthiness. But with the city&rsquo s interest rates  on the rise, and after China&rsquo s  property  blow-ups, investors  get cold feet easily. They are starting  to worry about Hong Kong&rsquo s real estate sector, too. Can Adrian&rsquo s faith in the city and his artistic, luxury bets pay off? Investors are sceptical. BLOOMBERG   chartistkao1      ( Date: 25-Sep-2023 11:41) Posted: they are few things they were doing so mnay years, borrowed money to buy assets, then merge assets  and relist assets or sell assets and list it to exit and then close shop foreve

 

FROM CK Asset&rsquo s Li Ka-shing to Henderson Land Development&rsquo s  Lee Shau-Kee, Hong Kong&rsquo s fabulously wealthy tycoons have  for decades dominated the city&rsquo s property and retail sectors. Now, these families face a big existential crisis.
Their founders  are either really old or have passed away. The younger  heirs need  to prove  that the original rags-to-riches business acumen is still in  their DNA, at a time when the economy and the financing world are rapidly changing.
Out of the four biggest dynasties, the most vulnerable seems to be the Chengs, whose empire spans property flagship New World Development and retail jeweller Chow Tai Fook Jewellery Group. After a brutal sell-off this summer, bonds issued by New World are yielding double digits &ndash hardly befitting the image of a family that is, by one estimate, worth almost US$30 billion.
Leverage is the worry. Once we consider perpetual bonds as debt, New World&rsquo s net gearing reaches an elevated 80 per cent, according to UBS. This is  much higher than that of its peers Henderson Land, CK Asset or the Kwok family&rsquo s Sun Hung Kai Properties. In fact, its balance sheet looks more like those of the city&rsquo s smaller builders, or even &ndash gasp &ndash   mainland Chinese developers.
Since becoming New World&rsquo s chief executive in 2020, Adrian Cheng &ndash the Harvard-educated eldest grandson of founder Cheng Yu-tung &ndash has been, in his own words, not &ldquo trying to preserve it and hold it tight&rdquo ,  but &ldquo disrupting and rejuvenating it to create a new business model&rdquo .
To that end, as his first signature project, the HK$20 billion (S$3.5 billion)  Victoria Dockside complex &ndash across the harbour  from Causeway Bay, one of the world&rsquo s most expensive retail districts &ndash   boasts artistic, innovative designs throughout. Rosewood Hong Kong, a new luxury hotel run by his younger sister Sonia, another Harvard graduate, is also located there.
Meanwhile, Adrian  is building 11 Skies, a HK$20 billion retail and entertainment complex near the airport, betting that mainland Chinese will continue to crowd into Hong Kong and splash money.
Another project, the  HK$30 billion Kai Tai Sports Park, is  on  the site of the city&rsquo s old airport. This area  is being developed into a second commercial hub that rivals Central, albeit with  snags and delays.
All that ambition comes at a cost, even for the Chengs. As a way to inject capital into New World, the private family office plans to buy its 61 per cent equity interest in NWS Holdings, a separately listed subsidiary with operations in construction, insurance and toll roads. Upon completion of this deal, New World will likely receive HK$17.8 billion in net proceeds. 
This deal is a double-edged sword. On the one hand, it will help ease New World&rsquo s liquidity needs. The developer has about HK$39 billion in short-term debt,  and capital expenditure has been elevated in part because of 11 Skies.
On the other hand, there is now a perception in the market  that the developer may no longer be able to get financing below 6.7 per cent, which is NWS&rsquo dividend yield. It is a reputation hit the family has to accept. 
As such, in late August, when a little-known blogger accused New World of &ldquo disguising equity as debt&rdquo and pledging away three commercial projects &ndash said to be valued at HK$20 billion &ndash for financing at  11 per cent to 12 per cent interest, the market response was immediate and brutal.
The builder had to release a statement on the Hong Kong stock exchange, denouncing such &ldquo untrue and unfounded statements&rdquo . But think about it: When  was the last time a tycoon family  had to come out defending itself against anonymous social media users or short-sellers?
It is certainly a sign of changing times. Despite having billions of dollars outstanding, New World&rsquo s bonds are not rated by any of the big three agencies &ndash perhaps because it thought there was no issue  with demand,  and its name brand alone spelled prestige and creditworthiness. But with the city&rsquo s interest rates  on the rise, and after China&rsquo s  property  blow-ups, investors  get cold feet easily. They are starting  to worry about Hong Kong&rsquo s real estate sector, too.
Can Adrian&rsquo s faith in the city and his artistic, luxury bets pay off? Investors are sceptical. BLOOMBERG
 

chartistkao1      ( Date: 25-Sep-2023 11:41) Posted: they are few things they were doing so mnay years, borrowed money to buy assets, then merge assets  and relist assets or sell assets and list it to exit and then close shop forever chartistkao1      ( Date: 25-Sep-2023 11:39) Posted: will buyersable to buy ocbc at lower price then ocbc buyback price at 12,65 in october 2023 given Mercatus said to have put 18 assets in HDB estates up for sale at S$265m guide price Sale will be with existing long-term tenancies in place 170,000 sq ft portfolio is anchored by NTUC FairPrice Kalpana Rashiwala Published Mon, Sep 25, 2023 · 5:00 am  Updated Mon, Sep 25, 2023 · 10:17 am Mercatus owns about 45,000 sq ft in this three-storey commercial block near Bishan bus interchange and MRT station.   PHOTO: GOOGLE MAPS Singapore Property NTUC Enterprise unit Mercatus is understood to have quietly put on the market a portfolio of 18 commercial properties in Housing and Development Board (HDB) estates. The properties have a total indicative price of around S$265 million,  The Business Times  understands. The 18 properties add up to about 170,000 sq ft of space in HDB shops, shophouses and low-rise commercial blocks. The portfolio has full occupancy. About 80 per cent of the space is leased to NTUC FairPrice, which is set to keep its long-term tenancies in the properties.   The properties are in locations such as Bukit Merah Central, Kallang Bahru, Bishan, Hougang, Serangoon North, Holland Drive, Tampines, Bedok, Buona Vista, Clementi, Choa Chu Kang, Jurong East and Jurong West. The balance tenures for the properties vary, but average around 57 years. Market watchers estimate the entry net yield at slightly above 4.5 per cent. https://www.channelnewsasia.com/singapore/ntuc-income-corporatisation-company-co-op-existing-policies-coverage-benefits-2418561 why such move after so many years?