Here's what we have for the week

* Saigon Commercial Bank, SCB in crisis
Significant Event

• Saigon Commercial Bank, one of the largest banks in Vietnam by asset size, is facing a bank run.

* DASH Highway Route
Infrastructure/Logistics

• Damansara-Shah Alam (DASH) expressway has opened on 14 Oct 2022.
• The Kuala Lumpur – Karak highway will see an additional lane being built and a new tunnel at Genting Sempah.

Cash Call/ Debt restructuring/Restructuring/Proposed Listing

• CSE Global Ltd is raising SGD 33.4 million via rights issue by issuing over 102.4 million new ordinary shares at 33 cents per share.
• CN Asia Corp Bhd is planning to place out up to 40% of its existing number of issued shares, to raise as much as RM16.45 million to fund its money lending business and repay bank borrowings.

Company Expansion Plan/ Capex Plan

• Oriental Holdings Bhd, the Penang-based conglomerate is expanding its palm oil plantation landbank.

Users can filter the companies' activities via industry or nature of activities via using our tool for Malaysia companies and Singapore companies via the link.
Users can get access to all the major transactions of offices, lands, and factories in Malaysia via this tool.

Daily Insights

• Updates on Malaysia Telco Landscape. (Read Full Story)
• Observation on Malaysia Terrace Houses. (Read Full Story)
• 1960s, 1990s and 2020s. Similarities and differences between these three era. (Read Full Story)

What we are thinking

Singapore is a bubble pending to burst. (The Edge) Either the currency falls or the asset prices fall.

From what the MAS had done, which is a tightening policy, high chance that the currency is going to remain strong to control the inflation rate.

Asset prices should be the one that is going to suffer.

The Singapore stock index is the only developed market stock index that have a gain in 2022. If you haven't started any short position, this market is a good choice.