tag:blogger.com,1999:blog-18183714.post115849273533221476..comments2024-03-08T20:25:35.963+08:00Comments on Malaysia-Finance Blogspot: SalvadorDalihttp://www.blogger.com/profile/06868577716920232901noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-18183714.post-1158511538042278752006-09-18T00:45:00.000+08:002006-09-18T00:45:00.000+08:00hi there,can you elaborate further on the followin...hi there,<BR/><BR/>can you elaborate further on the following?<BR/>%%%<BR/>The double whammy came when Resorts World just raised RM1.1 billion in a convertible note issue, lead managed by CIMB. Wallah… in less than a week, CIMB came up with a 100 million call warrants on Genting. A call warrant necessarily means the issuing house is betting on no-conversion or that the Genting’s stock price will be flat or down in the near future.<BR/>%%%<BR/><BR/>If they issued call warrant, shouldn't the issued manager deem bullish on the counter? I do not get you on why it is deemed bearish and it is linked to no conversion of the note? <BR/><BR/>Hope you can teach me more on coporate finance. Haa.. Thanks!sopskysalathttps://www.blogger.com/profile/18397095388809196477noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-1158510291528894402006-09-18T00:24:00.000+08:002006-09-18T00:24:00.000+08:00hi dali,perhaps if the tight old beancounters so a...hi dali,<BR/>perhaps if the tight old beancounters so adept at kiasuness there did not put such a tight squeeze on the fees, yields and spreads, given the current market conditions, the investment bankers would've made their chinese walls a bit more transparent ala david copperfield?? <BR/><BR/>and does anyone seriously think the kiasu kings down south would award their only pleasure island to a MALAYSIAN company thats already taken so much money from their countrymen for the last few decades? somemore without even a local partner? (unless they commit, say, 6 bil US? hahahah just like TM (aka Totally Mad Bhd?) buying M1.. another hahahah) <BR/><BR/>I would rate genting a SELL (on strength-lar..) the research houses are still being too kind.<BR/><BR/>different matter - i hope david's got nothing to do with the landmarks buy??..doraidddhttps://www.blogger.com/profile/11780182980371500117noreply@blogger.com