AusGroup

AusGroup faces delay in obtaining ministerial consent on bond extension

SINGAPORE (Dec 23): AusGroup has announced a potential event of default in relation to the restructuring of its $110 million medium-term notes (MTN), which were originally due in October 2016.

Results

AusGroup sinks into the red in 1Q on lower sales, higher finance costs

SINGAPORE (Nov 25): AusGroup posted a loss of A$2.08 million ($2.21 million) for 1Q17 compared to a profit of $348,000 in the same quarter a year ago.

‘Grow up as a market’, TSMP Law’s Thio urges Singapore

SINGAPORE (Nov 7): Stefanie Yuen Thio believes Singapore needs to “grow up” as a market, especially when it comes to dealing with junk bonds.
Singapore banks

Broker's Calls

Singapore banks ‘underweight’ amid fears of worsening asset quality

SINGAPORE (Oct 19): CIMB is keeping its “underweight” rating on Singapore banks amid worries over further worsening in asset quality, ahead of the local banks’ 3Q earnings announcements.

Singapore banks can withstand losses from Asia’s O&G defaults: Fitch

SINGAPORE (Oct 11): Singapore banks are well positioned to withstand losses from Asia’s oil and gas defaults, says Fitch Ratings.

AusGroup gets over 98% vote from noteholders for debt restructuring

SINGAPORE (Oct 6): AusGroup said on Thursday that its noteholders voted in favour of restructuring the group’s debt under its medium term note programme.
Marco Polo

Marco Polo Marine plans to delay payment on bonds in Singapore

SINGAPORE (Sept 9): A Singapore provider of barges and tugs for coal, steel scrap and iron ores plans to ask bondholders for approval to delay paying $50 million of securities due next month after appointing an external adviser to review its business.

Market Close

STI closes 1.7% higher at 2,851.74

SINGAPORE (Sept 5): The Singapore market ended higher on Monday following positive cues from the Wall Street and the Asian markets.

Stocks To Watch

Oxley, Yanlord, Kingboard Copper Foil, Debao, Nico Steel, Swiber, AusGroup

SINGAPORE (Sept 5): Here are some stocks that could move the market this Monday morning:

Market Close

STI closes flat at 2,828.39

SINGAPORE (Aug 29): Singapore stocks ended flat at 2,828.39, drifting on a mixed performance for the rest of Asia with many eyes on US dollar strength and oil prices.
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