Anshuman's Feed
Jun 24, 2015

SGX to invest $15 mln in tech systems after outages, halts fee hikes

SINGAPORE, June 24 (Reuters) – The Singapore stock exchange
(SGX) said on Wednesday it would invest S$20 million
($15 million) to improve its technology after suffering trading
disruptions late last year, and will not raise trading fees for
the time being.

Singapore Exchange Ltd was rebuked by the Monetary Authority
of Singapore (MAS), the city-state’s central bank and the SGX’s
regulator, over the two disruptions which were caused by a
software error and a power failure.

Jun 17, 2015

AirAsia shares tumble as CEO fund-raising talk cuts no ice

KUALA LUMPUR/SINGAPORE (Reuters) – AirAsia Bhd’s shares skidded as much as 13 percent on Wednesday as founder Tony Fernandes’ claims his firm can raise cash at will failed to convince investors, rattled by a report questioning the Malaysian budget carrier’s accounting.

After its opening slide the stock trimmed losses to close down 6.7 percent, but has fallen nearly 30 percent, hitting five-year lows, since the June 10 report by little-known firm GMT Research first spooked shareholders. Asia’s biggest low-cost airline has shrunk to a market value of about $1.23 billion.

Jun 15, 2015

Exclusive – AirAsia CEO tells investors plans up to $300 mln bonds, jet sales as shares skid

SINGAPORE (Reuters) – AirAsia Bhd (AIRA.KL: Quote, Profile, Research) Group Chief Executive Tony Fernandes has written to investors spooked by a report questioning accounting at Asia’s biggest budget airline, saying it will raise funds at loss-making associates and may sell planes to cut group debt.

In a response to AirAsia shares falling to five-year lows, the CEO said the group plans to issue as much as $150 million in convertible bonds at each of its Philippine and Indonesian associates. Fernandes, who has led AirAsia’s rise to a billion-dollar business from a two-plane operation in 2002, wrote in his letter that the company may also sell and lease back up to 20 aircraft in the group’s fleet this year.

Jun 15, 2015

AirAsia CEO tells investors plans up to $300 mln bonds, jet sales as shares skid

SINGAPORE, June 15 (Reuters) – AirAsia Bhd Group
Chief Executive Tony Fernandes has written to investors spooked
by a report questioning accounting at Asia’s biggest budget
airline, saying it will raise funds at loss-making associates
and may sell planes to cut group debt.

In a response to AirAsia shares falling to five-year lows,
the CEO said the group plans to issue as much as $150 million in
convertible bonds at each of its Philippine and Indonesian
associates. Fernandes, who has led AirAsia’s rise to a
billion-dollar business from a two-plane operation in 2002,
wrote in his letter that the company may also sell and lease
back up to 20 aircraft in the group’s fleet this year.

Jun 15, 2015

Exclusive: AirAsia plans bond issue up to $300 million, jet sales as shares slide

SINGAPORE (Reuters) – AirAsia Bhd (AIRA.KL: Quote, Profile, Research, Stock Buzz), Asia’s biggest budget airline, plans to raise funds at loss-making associates by issuing up to $300 million in bonds and may sell planes to help cut group debt, Chief Executive Tony Fernandes said in a letter to investors.

Fernandes, who has steered AirAsia into a billion-dollar business from a two-plane operation in 2002, said the group plans to issue as much as $150 million in convertible bonds at each of its Philippine and Indonesian associates. It may also sell and lease back up to 20 aircraft in the group’s fleet this year, he said in the letter, of which Reuters obtained a copy.

Jun 15, 2015

Exclusive – AirAsia CEO tells investors plans up to $300 million bond issues, jet sales as shares slide

SINGAPORE (Reuters) – AirAsia Bhd (AIRA.KL: Quote, Profile, Research), Asia’s biggest budget airline, plans to raise funds at loss-making associates by issuing up to $300 million (193 million pounds) in bonds and may sell planes to help cut group debt, Chief Executive Tony Fernandes said in a letter to investors.

Fernandes, who has steered AirAsia into a billion-dollar business from a two-plane operation in 2002, said the group plans to issue as much as $150 million in convertible bonds at each of its Philippine and Indonesian associates. It may also sell and lease back up to 20 aircraft in the group’s fleet this year, he said in the letter, of which Reuters obtained a copy.

Jun 15, 2015

AirAsia CEO tells investors plans up to $300 mln bond issues, jet sales as shares slide

SINGAPORE, June 15 (Reuters) – AirAsia Bhd, Asia’s
biggest budget airline, plans to raise funds at loss-making
associates by issuing up to $300 million in bonds and may sell
planes to help cut group debt, Chief Executive Tony Fernandes
said in a letter to investors.

Fernandes, who has steered AirAsia into a billion-dollar
business from a two-plane operation in 2002, said the group
plans to issue as much as $150 million in convertible bonds at
each of its Philippine and Indonesian associates. It may also
sell and lease back up to 20 aircraft in the group’s fleet this
year, he said in the letter, of which Reuters obtained a copy.

Jun 11, 2015

S&P cuts Noble Group outlook to ‘negative’, cites trading risk

SINGAPORE (Reuters) – Credit rating agency Standard & Poor’s has cut its outlook on Singapore-listed commodities trader Noble Group Ltd to ‘negative’ from ‘stable’, saying it expects higher earnings volatility.

The move marks the latest problem for the embattled commodity trader, which has seen its shares dive as much as 48 percent since mid-February after previously unknown Iceberg Research claimed Noble had inflated asset values by billions of dollars in its accounting treatment of long-term supply contracts.

Jun 9, 2015

DBS aims for $100 billion in private banking assets in less than three years

SINGAPORE (Reuters) – Singapore’s DBS Group Holdings (DBSM.SI: Quote, Profile, Research, Stock Buzz) is aiming for a 40 percent jump in its private banking assets to $100 billion in less than three years, fueled by the growth of millionaires in the Greater China region and in its home market.

DBS’s group head of wealth management, Tan Su Shan, said Singapore’s biggest lender is generating strong asset growth in its home market, where there are more than 100,000 millionaires, and in China, where sectors such as technology and real estate are adding to the millionaire population.

Jun 9, 2015

DBS aims for $100 bln in private banking assets in less than 3 years

SINGAPORE, June 9 (Reuters) – Singapore’s DBS Group Holdings
is aiming for a 40 percent jump in its private banking
assets to $100 billion in less than three years, fueled by the
growth of millionaires in the Greater China region and in its
home market.

DBS’s group head of wealth management, Tan Su Shan, said
Singapore’s biggest lender is generating strong asset growth in
its home market, where there are more than 100,000 millionaires,
and in China, where sectors such as technology and real estate
are adding to the millionaire population.

    • About Anshuman

      "Anshuman Daga has been with Reuters since 13 years, most of that tracking companies and equity markets. After joining in Mumbai, Anshuman did a stint in India's technology hub of Bangalore and then spent a few years covering European stock markets in London. He moved to Singapore in 2008, with a focus on news coverage of Southeast Asia and technology stories from Asia."
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