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Will be $3-$4 soon.. Nav is $3.62... Potential privatization?
What impact will it have on the stock?
katak88 ( Date: 07-Aug-2012 09:58) Posted:
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Hong Leong sues Morgan Stanley over Pinnacle notes
Singapore finance firm alleges instruments were designed to fail in US bank's favour
Updated 08:25 AM Aug 07, 2012
NEW YORK - Morgan Stanley was sued by Singapore's Hong Leong Finance in federal court in Manhattan over claims it deceptively sold investments that were designed to fail.
Hong Leong alleged in a complaint filed today that it entered into a distribution agreement with the New York-based investment bank to sell about US$72.4 million (S$89.8 million) worth of the so-called Pinnacle notes to customers.
The notes later failed and the Singapore-based company was required to compensate customers for at least US$32 million in losses, according to the filing.
Morgan Stanley sold the notes as relatively safe investments while rigging them to fail for its own benefit, Hong Leong claimed.
" Morgan Stanley secretly, deceptively, and wrongfully invested the investors' principal in very risky underlying assets," according to the complaint, filed by Mr David S Stellings, a lawyer for Hong Leong.
A spokeswoman for Morgan Stanley declined to comment on the suit. BLOOMBERG
Hong Leong alleged in a complaint filed today that it entered into a distribution agreement with the New York-based investment bank to sell about US$72.4 million (S$89.8 million) worth of the so-called Pinnacle notes to customers.
The notes later failed and the Singapore-based company was required to compensate customers for at least US$32 million in losses, according to the filing.
Morgan Stanley sold the notes as relatively safe investments while rigging them to fail for its own benefit, Hong Leong claimed.
" Morgan Stanley secretly, deceptively, and wrongfully invested the investors' principal in very risky underlying assets," according to the complaint, filed by Mr David S Stellings, a lawyer for Hong Leong.
A spokeswoman for Morgan Stanley declined to comment on the suit. BLOOMBERG
Upside S$3.67 - S$3.08 = S$0.590 (18%)
gOOd rEtUrn?
oceanblue ( Date: 18-Jan-2010 11:42) Posted:
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time to take care of this 'parent'
the son outperform over prolong period. how can this parent, holding so much shares, with price stagnant?
Beside profit of $111.2 million...
HL Fin also giving Dividends - 6 cents per share.
Hong Leong Finance
Full year 2009
Profit after tax $111.2 mln +42.5% yoy Nice ('o' )
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_5D7FA9C5807A834D482576D4001B3FDB/$file/FYresults_311209.pdf?openelement
Yap. Confirm. Going sideway.
Signal still mix.
Most likely going to move sideway for a while.
Today, the signal is mix.
But the MACD line shows that the down slide is over. Price is getting ready to goes up.
In TODAY newspaper today, Macquire rated it under outperform and raises target price to 3.67 from 3.24.
anyone have any news why today this counter dropped 15cents?
kindly pls share..
Just bought HL Fin on last Friday before First Quarter Financial Report.
City Dev, HL Bank & HL asia are those Share that i wish to acquire however still haven't. therefore my comment is a bit irresponsible.
lookcc ( Date: 30-Mar-2009 21:08) Posted:
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spore co listed in spore stk exchange shud b ok.
I just bought a copy at this evening, I don't really like too many family members in a single company.
If you rae interested there is an article on HL Finance on "Pulses" Mangazine
8c in April last year,.... Not bad for a stock which is just treated as a defacto.
Wondered how much dividend coming this year,.....
Please share the good entry price for this share? where can i get those research which are related to this share.
HL Finance has been trending up so so slowly, closer to results next Monday Apr 28. The 8 cents dividend goes EX on Apr 30.