- Banking sector crisis Given the cracks appearing in the international banking systems, holders of Bank Contingent Convertibles (CoCos) are now being exposed to an all time high risk. CoCos are the lowest rung of bank debt created during the
It has been a long time since I last write-up on Global Investment Limited ("GIL"). GIL used to be one of my favourite counters as I find its market trading price to be grossly undervalued to its net asset value (which is mostly reflecting fair value accounting). Anyway, I have sold off most of my shares in GIL during September 2021 to October 2021 when it last traded at a high of S$0.154 to S$0.155 per share- my current residual shareholding is only 1 share which is an odd lot leftover from one of the shares for scrip dividends exercise. Given that its price has slumped by <27.1%> to S$0.113 per share and offering up till 6.7% dividend yield, is it a good buy now?