Rounding up the top reads from around the web, as shared by fellow investors or myself in the Financial Horse Facebook Group.
This stock could benefit from the Greater Bay Area Development (CS Jacky)
Really interesting argument on using Dasin Retail Trust to play the greater bay area development.
Moody’s lowers Singtel outlook to negative on price war and Bharti debt (Business Times)
Besides concern over price competition in Singapore and Australia, the ratings revision on Tuesday also came on the back of the expectation that Singtel will partially or fully subscribe to its portion of a multibillion-dollar rights issue at debt-hit Indian associate Bharti Airtel.
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But Bharti Airtel’s latest fundraising exercise, which was approved by the Indian telco’s board on Feb 28, could put the A1 rating at risk if it raises Singtel’s net leverage to around 2.2 times to 2.4 times, which Moody’s said is “not within Moody’s expectations for Singtel’s current A1 rating”.
No laws, only tendencies (Of Dollars and Data)
There are no laws in financial markets.
Govt, unions and employers agree retirement, re-employment ages should be raised (Business Times)
I guess one way to solve the lack of retirement funds problem is to raise the retirement age… That said, as life expectancy grows, I can fully see the need for such a policy.
Singtel, GIC to subscribe to India telco giant Bharti Airtel’s 250b rupee rights issue (Business Times)
That’s a big rights issue for Bharti.
Shared by a reader:
How I managed to save S$50,000 for law education in Singapore (SG Finance Guy)
Side note: Congrats, really well done!
Shared by a reader:
PUB issues default notice to Tuaspring over failure to fulfil ‘contractual obligations’ (Business Times)
Shared by a reader:
DBS bets on ‘poisoned chalice’ of India banking to lift profits (Business Times)
Till next time, Financial Horse, signing out!
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