Shares & Derivatives
Singapore Corporate Bond New Issue Swissco 3.5 Yrs 5.7%
By Doctor Wealth  •  October 9, 2014
Swissco Holdings Ltd. is an offshore oil and gas marine services provider.  The Company provides marine logistics-related assets, which comprise mainly of vessels, as well as associated offshore vessel chartering and marine logistics and support services.  Swissco also provides logistics outsourcing services. swissco • Issuer: Swissco Holdings Ltd. • Not rated • Expected issue size: S$80m – S$100m Market Cap : SGD 678 mio Saw a 5 year high in stock price for the last quarter which means it is good time to ISSUE SOME BONDS ! The financials are in pristine shape mostly, having recently turned profitable and transferring to the main board of the SGX after spending about 9 years in Catalist (SESDAQ). Financial Leverage 2 times (ASL Marine & Ezra & Ezion  all 2.9X ). More than enough revenues to cover interest and Debt/Equity of 70%. A little weak on the liquid assets side of things, without ......
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By Doctor Wealth
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