SIA recently announced a disastrous set of FY2021 financial results, which should not come as a surprise. They also announced a massive “recapitalization” in the form of raising funds through its second tranche of Mandatory Convertible Bonds or SIA MCB for short.
Watch the short video to find out why I think this is an ingenious method on the part of SIA to boost its balance sheet.
Do note that this video is not meant to be a comprehensive coverage of the SIA MCB issue which many local financial blogs have already covered and I have written about it extensively in this article: SIA Rights. Debunking the complication behind the maths back in 2020.
This video is more of a light-hearted take on the MCB issue. Again, this is NOT meant as a recommendation to buy or sell SIA shares or its associated derivatives.
Do Like Me on Facebook if you enjoy reading the various investment and personal finance articles at New Academy of Finance. I do post interesting articles on FB from time to time which might not be covered here in this website.
Join our Instagram channel for more tidbits on all things finance!
Disclosure: The accuracy of the material found in this video cannot be guaranteed. Past performance is not an assurance of future results. This video is not to be construed as a recommendation to Buy or Sell any shares or derivative products and is solely for reference only. Please do your own due diligence and assess the suitability of the recommended financial/investment product against your own risk profile.
