by Amruth Sundarkumar | Feb 1, 2023 | Southeast Asia
Asia ex-Japan IG dollar bonds saw their second best monthly returns since 2009, going up 2.55%, with their best returns seen in November 2022 at 3.85%. Given the higher duration sensitivity of IG bonds, the strong performance comes on the back of a move lower across...
by Amruth Sundarkumar | Dec 16, 2022 | China, Southeast Asia
With the six incumbent Macau casino operators being given new 10Y licenses which will come into effect from 01 January 2023 to operate, Reuters notes that operators are expected to focus on non-gaming activities in the new term. It said that Beijing is keen for Macau...
by Amruth Sundarkumar | Feb 16, 2022 | Banks, Southeast Asia
UOB reported 48% YoY rise in its Q4 2021 net profits to S$1.02bn ($760mn), beating estimates of S$986mn ($733mn). Net fee and commission income came in at S$589mn ($438mn) up 13% YoY with loan-related fees and credit card fees picking up. For the full year, UOB...
by Amruth Sundarkumar | Jan 21, 2022 | Corporates, Southeast Asia
ESR Cayman completed its 100% acquisition of ARA Asset Management for $5.2bn, less than three months after its shareholders approved the deal. Following the acquisition, ESR is now the world’s third-largest listed real estate investment manager with gross AUM of...
by bondevalue | Apr 21, 2021 | Investment Grade Bonds, Southeast Asia
South Korea’s Naver Corporation, which runs an online search engine, plans to go global, looking at issuing more dollar denominated debt and a possible IPO listing in the US. Naver had issued its debut dollar bond of $500mn just last month and is now considering...
by bondevalue | Jul 14, 2020 | Global, Investment Grade Bonds, Southeast Asia
Asian markets are opening with a risk-off tone after a late sell-off in Wall Street triggered when California reversed its policy for reopening the economy. Increasing tensions between the US and China over the South China Sea also weighed on sentiment. Major indices...
