Came across a candid commentary in Business Times which pointed out that even during morning walks at Botanic Gardens, one could not escape overhearing retirees chattering and getting all excited over the new preference shares issue announced by water treatment firm, Hyflux.
On a more sombre note, the article did mentioned that DBS, the issuer's sole manager for this exercise, had closed the book early after receiving orders close to $1.4 billion or 7 times from both onshore and offshore institutional clients. The article went on to highlight some of the risks investors should be aware of before blindly jumping on the Hyflux bandwagon along with their fellow Kiasu Investors (KIs)...
The article went on to quote the issuer's manager's comment that based on the extremely positive response this time round, investors can look forward to seeing more corporate issues in the pipeline.
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| Getting All Excited over New Gold? |
The article went on to quote the issuer's manager's comment that based on the extremely positive response this time round, investors can look forward to seeing more corporate issues in the pipeline.
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