Why abandon a strategic national asset?
I received this email from a friend, who has not invested in Hyflux. Hi Kin Lian. Hyflux was once a "national strategic asset" strongly encouraged by authorities to "sink" their precious savings including CPF. It is now "abandoned" by same PAP "elitist" team. I am fascinated by what Indonesian tycoons saw in Hyflux with their...
Hyflux: Details of $1.165bn debt securities
Ignore the last column because these were indicative prices from DBS Securities, sometime last year. Borrowed graphic from BT. My comment Hyflux reflects the old broker’s truism that high yields and good news do not go together. Hyflux is warning of investing in high dividend yield stocks also applies to buyers of junk debt...
The CPF fund conundrum
Some CPF facts for you to digest. In 2006 the CPF fund balance was recorded as $125.8B with 1.46 million active members. As of Q3 2018 (latest published figures) the balance is $383.9B with 2 million active members To reach that balance was a mixture of member contributions and investment returns. Starting at $125.8B in 2006...
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