Bond market data and technology, BondEvalue

BondEvalue

Bond market data and technology

BondEvalue is a Singapore-based Fintech that specializes in bond market data and technology. The company's information services business offers bond market data on hard-currency corporate & sovereign bonds across Asia, Middle East, Europe and the Americas. The data, which includes bond prices, yields, news and analytics, is offered to end investors via interactive Mobile and Web Apps. Investors can sign up for a free trial of the service either via the company's website (https://bondevalue.com) or by downloading the BondEvalue Mobile App (http://onelink.to/wej7jq). BondEvalue is also developing an electronic bond exchange, BondbloX in Singapore that allows investors to trade bonds electronically in smaller sizes (US$1,000 or equivalent). For more information, visit https://www.bondblox.com/

Bond Market Data and Technology

Credit

US markets sold-off sharply with the S&amp;P and Nasdaq ending 2% and 2.8% lower, the largest fall in over four months. US 10Y Treasury yields saw another leg higher, up 3bp to 1.54% as market participants attribute the move to inflation fears. Besides Energy which ended 0.5% higher, all other sectors were in the red with IT down 3% and Communication Services down 2.8% being the biggest losers. Similar to the US European stocks also saw sharp declines with the DAX down 2.1%, CAC down 2.2% and FTSE down 0.5%. Brazil’s Bovespa crashed 3.1%. In the Middle East, UAE’s ADX ended flat while Saudi TASI ended 0.1% higher. Asia Pacific markets are in the red, taking cues from global equities – Shanghai was down 1.8%, HSI was down 0.5%, Nikkei was down 2.5% while Singapore’s STI was flat. US IG CDS spreads were 1.1bp wider and HY CDX spreads widened 6.6bp. EU Main CDS spreads were also 1.1bp wider and Crossover CDS spreads widened 6.9bp. Asia ex-Japan CDS spreads widened 0.2bp.

Sembcorp, NH Invt. Launch Bonds; Macro; Rating Changes; New Issues; Talking Heads; Top Gainers an...

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

<a href="https://www.smartkarma.com/entities/sembcorp-marine-ltd" target="_blank" data-smartkarma-citation="entities:11:1" rel="noopener">Sembcorp Marine (SMM SP)</a> support and upside break points will help fine tune your game plan for those who want to take up the rights offer/trade.Chart support comes in just under 0.079 and very close to <a href="https://www.smartkarma.com/profiles/travis-lundy" target="_blank" data-smartkarma-citation="accounts:25" rel="noopener">Travis Lundy</a> 's level.Upside resistance the break point that would open the way higher come in at 0.088 and 0.090.RSI flat range pre cycle breakout is constructive.

Sembcorp Marine (SMM SP) support and upside break points will help fine tune your game plan for those who want to take up the rights offer/trade.Chart support comes in just under 0.079 and very close to Travis Lundy 's level.Upside resistance the break point that would open the way higher come in at 0.088 and 0.090.RSI flat range pre cycle breakout is constructive.

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Last Week in Event SPACE: Sembcorp Marine, AusNet, Shinsei Bank, MMC Corp

<div>
This insight provides a quick summary of gross/annualised (where possible) spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and how those spreads have changed over the last week; plus the next hard events over the coming weeks.
</div>
<div>
I number 38, mostly firm, deals around the region.
</div>
<div>
More below the fold.
</div>


This insight provides a quick summary of gross/annualised (where possible) spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and how those spreads have changed over the last week; plus the next hard events over the coming weeks.


I number 38, mostly firm, deals around the region.


More below the fold.


Asia-Pac Weekly Risk Arb Summary: AusNet Services, Sembcorp Marine, Roxy Pacific

Travis Lundy

As expected, on 22 September 2021, Temasek <a href="https://links.sgx.com/FileOpen/Offer%20Announcement.ashx?App=Announcement&amp;FileID=684187" target="_blank" rel="noopener">announced</a> its Mandatory General Offer for shares of <a href="https://www.smartkarma.com/entities/sembcorp-marine-ltd" target="_blank" data-smartkarma-citation="entities:11:1" rel="noopener">Sembcorp Marine (SMM SP)</a>. As suggested in <a href="https://www.smartkarma.com/insights/sembcorp-marine-rights-done-the-mgo-option-it-is" target="_blank" data-smartkarma-citation="insights:57802" rel="noopener">Sembcorp Marine Rights Done - The MGO Option It Is</a>, Temasek ended up at 46.6% which triggers an offer to remain in compliance with Rule 14.1 of the Takeover Code.  For each Offer Share: S$0.08 in cash (the "Offer Price").  The Offer Price is final and the Offeror will not revise the Offer Price or any other terms of the MGO.There are conditions of which one must take note.Pursuant to Rule 14.2 of the Code, if the Offeror Concert Party Group does not hold more than 50% of the issued Shares when the MGO is made, the MGO is required to be made conditional upon the Offeror Concert Party Group receiving such number of acceptances which would result in the Offeror Concert Party Group holding more than 50% of the voting rights attributable to the share capital of the Company.IF the Offer garners shares which would take it above 50%, then it would become Unconditional. Until then, the offer is not unconditional, or complete, if it does not get to 50%. Importantly, the Offer will last 28 days and "if the MGO becomes unconditional as to acceptances before the Closing Date or even if the MGO becomes unconditional as to acceptances on the Closing Date itself, there will not be any extension of the Closing Date and Shareholders who do not accept the MGO by the Closing Date will not be able to do so after the Closing Date."No extension. At all. The proposal I made on the 19th when the shares were S$0.084 the previous close was that the stock would probably fall once shares were delivered, but that once fallen, the shares would have much better upside vs downside skew if they reached S$0.079-0.081. The shares actually popped on delivery, but a day later we still closed S$0.081. <section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/231/489/original/Screenshot+2021-09-24+at+1.03.26+AM.png?1632416647" class="editor-image img-responsive" data-smartkarma-image-id="231489"></figure></section>This situation leaves us with an interesting profile. More details below.

As expected, on 22 September 2021, Temasek announced its Mandatory General Offer for shares of Sembcorp Marine (SMM SP). As suggested in Sembcorp Marine Rights Done - The MGO Option It Is, Temasek ended up at 46.6% which triggers an offer to remain in compliance with Rule 14.1 of the Takeover Code.  For each Offer Share: S$0.08 in cash (the "Offer Price").  The Offer Price is final and the Offeror will not revise the Offer Price or any other terms of the MGO.There are conditions of which one must take note.Pursuant to Rule 14.2 of the Code, if the Offeror Concert Party Group does not hold more than 50% of the issued Shares when the MGO is made, the MGO is required to be made conditional upon the Offeror Concert Party Group receiving such number of acceptances which would result in the Offeror Concert Party Group holding more than 50% of the voting rights attributable to the share capital of the Company.IF the Offer garners shares which would take it above 50%, then it would become Unconditional. Until then, the offer is not unconditional, or complete, if it does not get to 50%. Importantly, the Offer will last 28 days and "if the MGO becomes unconditional as to acceptances before the Closing Date or even if the MGO becomes unconditional as to acceptances on the Closing Date itself, there will not be any extension of the Closing Date and Shareholders who do not accept the MGO by the Closing Date will not be able to do so after the Closing Date."No extension. At all. The proposal I made on the 19th when the shares were S$0.084 the previous close was that the stock would probably fall once shares were delivered, but that once fallen, the shares would have much better upside vs downside skew if they reached S$0.079-0.081. The shares actually popped on delivery, but a day later we still closed S$0.081. This situation leaves us with an interesting profile. More details below. 

Sembcorp Marine MGO - The Implied Option Tells You About the Market, And It's The Wrong Price.

Singapore

Seatrium Ltd offers engineering solutions for the offshore, marine, and energy industries. The Company provides rigs and floaters, repairs and upgrades, offshore platforms, and specialized shipbuilding. Seatrium serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Seatrium (STM SP)

Sembcorp, NH Invt. Launch Bonds; Macro; Rating Changes; New Issues; Talking Heads; Top Gainers an...

US markets sold-off sharply with the S&P and Nasdaq ending 2% and 2.8% lower, the largest fall in over four months. US 10Y Treasury yields saw...

BondEvalue

Sembcorp Marine Break Points

Sembcorp Marine (SMM SP) support and upside break points will help fine tune your game plan for those who want to take up the rights offer/trade.

Thomas Schroeder

Last Week in Event SPACE: Sembcorp Marine, AusNet, Shinsei Bank, MMC Corp

The weekend is here! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed...

David Blennerhassett

Asia-Pac Weekly Risk Arb Summary: AusNet Services, Sembcorp Marine, Roxy Pacific

This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...

David Blennerhassett

Sembcorp Marine MGO - The Implied Option Tells You About the Market, And It's The Wrong Price.

Sembcorp Marine MGO is now "live" (not quite, but it's announced) and the shares are trading with a big option. The market price implies there is...

Travis Lundy

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)