Singapore Institute of Advanced Medicine Holdings Ltd
Singapore Institute of Advanced Medicine Holdings Ltd ("Sam" or the "Company") is offering 114m new shares comprising 4.415m Public Offer Shares and 109.585m Placement Shares at $0.23 each for a listing on Catalist. The Company aims to raise $26.2m and the majority of the proceeds will be used to repay debt and the balance for working capital. The market cap based on the IPO price is $231.8m and the offer will close on 14 Feb at 12 noon and starts trading on 16 Feb 2024 at 9am. Principal Business SAM is a healthcare service provider using advanced technology for early and accurate diagnosis to detect and treat cancer, neurodegenerative and cardiovascular diseases. SAM has strategic collaborations with public and private institutions for research and clinical work. SAM's goal is to create a comprehensive one-stop ambulatory cancer centre to undertake the challenges to fight cancer and is one of the first to adopt proto beam therapy treatment in Singapore. Fi
Comments
is it the actual yield that I'm getting is 2.4365% if I buy 10 lots at $1.06 from the open market?
Becoz yearly dividend of $385 times 5 years is $1925 and if I buy 10 lots at $1.06 and redeem after 5 years means lost $600+$30 brokerage costs, so actual yield is (1925-600-30)/5/10630 =2.4365%
Hence is it the actual yield that I will get if I buy 10 lots Astrea V at $1.06 is 2.4365% ??
Hence what is this "good chance the bonus 0.5% will be paid at redemption after 5 years" which you wrote?
Becos $270 yearly dividend times 4.5 years is $1215 and if I buy 10 lots at $1.022 today and redeem after 4.5 years means I lost $220 and $30 brokerage costs hence the actual yield that I get if I buy 10 lots of the 2.7% Temasek Bond at $1.022 today is ($1215-$220-$30)/4.5/10220 = 2.098% ?
So is it if I buy 10 lots of the Temasek 2.7% Bond from the open market at $1.022 today, then the actual yield that I am getting is 2.098%?
I am thinking of buying $50,000 of this Astrea V bond at $1.038 from the open market.
What are the chances/probability that this AstreaV bond will default and unable to redeem the bond after 10 years??
Because I read the comments in the AstreaV bond's thread in the HardWareZone's money section and many forummners there said that this Astrea V bond is not very safe...
(I already invested $120,000 into the Singapore Savings Bond hence I don't want to put any more money into SSB and hence I am thinking of buying this AstreaV bond but I am now undecided after reading the comments from HWZ on this AstreaV bond)
Do your homework and stop reading HNZ other for entertainment :) - you must be comfortable with the credit risk. S&P issued a A+ rating and Fitch gave it A rating. To set the context, many of the local corporate bonds are not even rated, so to get an investment grade do actually mean something.
Do note that if you pay $1.038, you will only get back $1 at end of 5 year plus the 3.85% coupons in between.