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Swiber


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Another one bites the dusts.

 

Will Ezra follow next?

 

ezra? hmm.... that one also sibei jialat.

 

family feud. even selling their sentosa cove bungalow.

 

think it's a matter of time if the crash is sustained.

 

even the stronger ones like ezion may not pull thru.

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ezra? hmm.... that one also sibei jialat.

 

family feud. even selling their sentosa cove bungalow.

 

think it's a matter of time if the crash is sustained.

 

even the stronger ones like ezion may not pull thru.

 

guys dont spread fear leh.... I working in there leh....

 

later no $$ to bring home for mummy to cook good foods and cannot post picture in "What do you makan today". how?

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Supersonic

Survive or not also not much effect to Singapore right now....

 

Most of the same industry competitors (technip, mcdermott, saipem, ss7) already closed their sg office in favor of KL.

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Supersonic

Oh yes. luckiest people are the bond holders. They just made payment for 200+ mil of bonds in june/jul....

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Supersonic

Whew, my ocbc shares are safe.

 

http://www.businesstimes.com.sg/companies-markets/ocbc-has-no-exposure-to-swiber-says-source

http://www.straitstimes.com/business/companies-markets/ocbc-flags-more-oil-and-gas-non-performing-loans-but-says-no-exposure-to

 

But what exactly does this mean? can someone explain?

 

 

 

SINGAPORE - OCBC's asset quality issues arising from its exposure to the struggling oil and gas sector have deepened but not yet broadened, chief executive Samuel Tsien said.

 

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Likely means the number of bad loans is the same, but each bad loan has become bigger.

 

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Supersonic

Likely means the number of bad loans is the same, but each bad loan has become bigger.

 

 

But don't make sense leh.

 

If what you say is true that means ocbc has been lending more and more to the borrower even though they know that the borrower might have trouble paying up?

Means not good lah muayhahahaha.

 

Thank you captain obvious  [blush]:a-panic:

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(edited)

Maybe previously got chance of delayed payment or partial repayment. Now zero chance, the counted as confirmed bad amount increased. Or company or sector still same size but their confirmed bad debts increased.

 

But don't make sense leh.

 

If what you say is true that means ocbc has been lending more and more to the borrower even though they know that the borrower might have trouble paying up?

 

 

Thank you captain obvious [blush]:a-panic:

Edited by Showster
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Really hope less retrenchment ...

 

And also less shareholders are affected....

 

Times are getting bad ...

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Dbs in comparison safer

Hope the offshore/O&G workers can find employment.

Tough for them ...

Unemployment rates was just published, looking bad

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Ocbc have higher risky loan ...

 

No need to worry abt OCBC. Their bank's founding guiding philosophy is about prudent lending  [:p]

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