Due to the lack of financial information on this company I’ll be doing on the corporate company
Matures 28 August 2020 (4 more years) | 5.25% | Semi-annually coupon payment | Subsidiary of Aspial Corporation | Founded in 2015 | Jewellery / Maxi Cash / World Class Island (Real estate)
1) IDENTIFICATION OF BOND BELOW PAR VALUE
- Current market value : 0.915 ($85 below par value)
2) LEARN ABOUT THEIR NUMBERS
- Debt To Equity: 485% ( super high reliance on financing – Not safe)
- Growth Performance : 6.65%
- Current Ratio : 2.49 ( Above average) – Genting is better
- Poor management ability ( Reducing dividend payout | Poor net income growth | Poor cashflow management)
Even though this bond is one of the highest paying one, I would be more conservative in investing into this company due to it’s poor management ability. How can you have such a ...
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