Author: The Asia Report

Astrea V Resource List + Management Thoughts

The retail tranche of Astrea V will close at 12.00 pm on 18 June 2019. I did an earlier video case study on the structural safeguards which you can get here: Astrea Bonds Investment Case Study [Video] Key Points of Astrea V From Business Times: Retail investors may subscribe for S$180 million worth of Class A-1 bonds, with a fixed coupon of 3.85 per cent. This is more than half of the total issuance of Class A-1 bonds of S$315 million. The balance is a placement tranche of S$135 million for institutions and accredited investors. The minimum subscription for...

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Webinar Recap: Are UOB, OCBC and DBS undervalued?

We wrapped up our second webinar of the year on the three Singaporean banks and their undervaluation on Wednesday night. I will be sending out the replay of the Webinar at the end of the week to our mailing list so do sign up if you like to receive a copy. Looking for high dividend stocks with attractive valuations? Get our top ideas, real time insights and case studies from Singapore, Hong Kong and more to help you generate passive income from the stock market. Hidden Content We covered quite a bit of ground on their business models, their...

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[last call] Free webinar: Are UOB, OCBC & DBS undervalued now?

The share prices of all three major Singapore banks (UOB, OCBC, and DBS) have suffered a major beating over the last few week. Valuations have come down dramatically from jut one year ago and they are yielding more than 4%.. but do they represent good value at current prices? I have gotten quite a few emails about the banks in particular so I’ve decided to host a webinar on the topic. Are UOB, OCBC and DBS undervalued now?Wednesday, 12th June AT 8:30PM Register now The three banks make up a large majority of the STI Index so it is...

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Astrea Bonds Investment Case Study [Video]

I’ve done up a free video case study under our Investment Case Studies Series for the Astrea bond series now that Astrea V is on its way. You can watch it here: Astrea Bonds Investment Case Study The essential structure and safeguards are similar to that of Astrea IV and its helpful to review what’s happened in so far. In this video case study, I help breakdown: What private equity bonds are Discussion on private equity funds How fund vintages are like wine and why they matter What the J-Curve is and why it is so important What are...

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Free webinar – Are UOB, OCBC and DBS undervalued now?

The share prices of all three major Singapore banks (UOB, OCBC, and DBS) have suffered a major beating over the last few week. Valuations have come down dramatically from jut one year ago and they are yielding more than 4%.. but do they represent good value at current prices? I have gotten quite a few emails about the banks in particular so I’ve decided to host a webinar on the topic. Are UOB, OCBC and DBS undervalued now?Wednesday, 12th June AT 8:30PM Register now The three banks make up a large majority of the STI Index so it is...

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What Keynes Can Teach You About The Stock Market

Many people are familiar with John Maynard Keynes – the famous economist for his contributions to economics. What is little known is that Keynes had plenty of ups and downs as an investor. Early on in his career, he was an active global trader that actively leveraged his portfolio. Unfortunately, his brilliance in economics did not translate to his early investing activities. He discovered first-hand the difficulty of timing the market when the market crashed in 1929. He was close to being wiped out multiple times and had to be bailed out by his parents at one point. Thereafter,...

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What Keynes Can Teach You About The Stock Market

Many people are familiar with John Maynard Keynes – the famous economist for his contributions to economics. What is little known is that Keynes had plenty of ups and downs as an investor. Early on in his career, he was an active global trader that actively leveraged his portfolio. Unfortunately, his brilliance in economics did not translate to his early investing activities. He discovered first-hand the difficulty of timing the market when the market crashed in 1929. He was close to being wiped out multiple times and had to be bailed out by his parents at one point. Thereafter,...

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New Astrea V Issue On The Way & Astrea IV Updates

There’s been a slew of news and updates regarding the Astrea bonds in the last week. Temasek-linked PE vehicle Astrea V to issue US$600m bonds Class A-1 tranche is expected to be rated Asf and A+ (sf) by Fitch and S&P respectively, with the “sf” suffix referring to structured financial instrument. Class A-2 bonds are expected to raise US$230 million – also scheduled to be redeemed at the end of the fifth year, while Class B, US$140 million. Both classes would be available to accredited investors and institutions only. Similar to Astrea IV bond, this issue has structural safeguards...

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New Astrea V Issue On The Way & Astrea IV Updates

There’s been a slew of news and updates regarding the Astrea bonds in the last week. Temasek-linked PE vehicle Astrea V to issue US$600m bonds Class A-1 tranche is expected to be rated Asf and A+ (sf) by Fitch and S&P respectively, with the “sf” suffix referring to structured financial instrument. Class A-2 bonds are expected to raise US$230 million – also scheduled to be redeemed at the end of the fifth year, while Class B, US$140 million. Both classes would be available to accredited investors and institutions only. Similar to Astrea IV bond, this issue has structural safeguards...

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Is it worth it to pay for managed portfolios?

I came across a great article on the Business Times on why retail investors suffered from extremely high fees of which I have highlighted some portions here: In Singapore, fund sellers are remunerated not only through an upfront sales charge, but also through a share of the trail fee – that is, the portion of the annual management fee the fund pays out to distributors. The annual management fee accounts for the bulk of a fund’s total expense ratio (TER); the sales charge is not included in the TER calculation. TERs are a drag on investment returns. Equity funds’...

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Is it worth it to pay for managed portfolios?

I came across a great article on the Business Times on why retail investors suffered from extremely high fees of which I have highlighted some portions here: In Singapore, fund sellers are remunerated not only through an upfront sales charge, but also through a share of the trail fee – that is, the portion of the annual management fee the fund pays out to distributors. The annual management fee accounts for the bulk of a fund’s total expense ratio (TER); the sales charge is not included in the TER calculation. TERs are a drag on investment returns. Equity funds’...

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Challenges with Dollar Cost Averaging & Alternative Solutions like endowus

I got quite a few responses over the last week with regards to questions about what people want to know about dollar cost averaging into low-cost funds. They revolved around issues on: Which funds / ETFs to pick? Which country to allocate to? Pros & Cons of DIY solutions vs managed solutions This led me to reflect deeply on the best approach going forward for the series of posts I had intended on dollar cost averaging. My initial thoughts were to open a Saxo account and share the process with people of a simple DCA strategy. I’ve decided against...

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Challenges with Dollar Cost Averaging & Alternative Solutions like endowus

I got quite a few responses over the last week with regards to questions about what people want to know about dollar cost averaging into low-cost funds. They revolved around issues on: Which funds / ETFs to pick? Which country to allocate to? Pros & Cons of DIY solutions vs managed solutions This led me to reflect deeply on the best approach going forward for the series of posts I had intended on dollar cost averaging. My initial thoughts were to open a Saxo account and share the process with people of a simple DCA strategy. I’ve decided against...

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Should you dollar cost average in index funds? & random thoughts on MoneyOwl & endowus

I finished the first workshop on financial analysis last week and it was great fun to teach. I’ve gotten some feedback and will be updating the online course extensively in the coming weeks before releasing the updated version. Now that that is out of the way, I’ve been wondering what to write about for future posts. Although I enjoy talking about individual businesses and investments, the vast majority of people I speak to simply do not have time to be active stock pickers. The solution for 99% of people would be dollar cost averaging into index funds, a solution...

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Should you dollar cost average in index funds? & random thoughts on MoneyOwl & endowus

I finished the first workshop on financial analysis last week and it was great fun to teach. I’ve gotten some feedback and will be updating the online course extensively in the coming weeks before releasing the updated version. Now that that is out of the way, I’ve been wondering what to write about for future posts. Although I enjoy talking about individual businesses and investments, the vast majority of people I speak to simply do not have time to be active stock pickers. The solution for 99% of people would be dollar cost averaging into index funds, a solution...

Find Out More

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