2008年9月29日星期一
花旗集團落實收購美聯銀行
美國第四大銀行--美聯銀行(Wachovia)經過多日磋商賣盤後, 最終找到買家 .美國聯邦存款保險公司 (FDIC)宣布, 花旗集團落實收購美聯銀行.根據協議, 花旗會收購美聯銀行大部份資產及負債, 包括旗下五家存款機構﹑亦會承擔約420億美元債務, 佔美聯銀行總債務約一成三 ; 至於美國聯邦存款保險公司 , 則會承擔餘下八成七 --即約2700億美元的債項. 花旗將會向美國聯邦存款保險公司 , 發行總值120億美元的優先股及認股證, 以補償承擔巨額債務的風險 .美國聯邦存款保險公司表示, 美聯銀行存款將被全權監管, 銀行會如常服務, 存款客戶不會受到影響 .在消息公布後, 花旗集團盤前升百分之3, 但美聯銀行股價進一步下跌 , 開市前現跌八成一 .
2008年9月18日星期四
據報花旗集團考慮競購華盛頓互惠
【MarketWatch紐約9月19日訊】《華爾街日報》在線版週五援引熟悉內情人士的話報道稱，花旗集團(C)可能正在考慮競購華盛頓互惠公司(WM)。
該報道稱，其它可能的競購者包括桑坦德銀行、富國銀行(WFC)和摩根大通公司(JPM)。
華盛頓互惠的股價盤前交易中上漲了30%以上。
該報道稱，其它可能的競購者包括桑坦德銀行、富國銀行(WFC)和摩根大通公司(JPM)。
華盛頓互惠的股價盤前交易中上漲了30%以上。
下月加入韓國基金月供計劃
富時集團：韓國加入發達國家行列
2008-09-17 17:20:27
全球指數提供商富時集團(FTSE Group)已將韓國提升至發達國家地位，此舉具有里程碑式的意義，可能促使全球投資者將數十億美元的額外資金轉投于該國股市。
富時集團將於今天早間宣布，韓國已加入美國和德國的行列，成為適合投資者的頂級金融市場，從而使這個在10年前由於亞洲金融危機而陷入癱瘓的國家實現了驚人逆轉。
韓國地位的提升是富時集團對其系列全球股票指數進行的年度分類調整的一部分，投資者利用這些指數構建加權資產組合。
約有3萬億美元的資金在跟蹤這些指數。富時集團認為，在韓國地位提升後的12個月里，跟蹤這些指數的基金可能將250億美元的額外資金轉投韓國股市。富時集團為英國《金融時報》集團(Financial Times Group)和倫敦證券交易所(London Stock Exchange)共同所有。
過去3年，韓國一直處于地位提升的關注名單上。在富時集團確信該國已消除結算、場外交易和外匯方面的監管障礙之後，韓國的地位終獲提升。
上星期筆者巳加入韓國基金月供計劃．
2008-09-17 17:20:27
全球指數提供商富時集團(FTSE Group)已將韓國提升至發達國家地位，此舉具有里程碑式的意義，可能促使全球投資者將數十億美元的額外資金轉投于該國股市。
富時集團將於今天早間宣布，韓國已加入美國和德國的行列，成為適合投資者的頂級金融市場，從而使這個在10年前由於亞洲金融危機而陷入癱瘓的國家實現了驚人逆轉。
韓國地位的提升是富時集團對其系列全球股票指數進行的年度分類調整的一部分，投資者利用這些指數構建加權資產組合。
約有3萬億美元的資金在跟蹤這些指數。富時集團認為，在韓國地位提升後的12個月里，跟蹤這些指數的基金可能將250億美元的額外資金轉投韓國股市。富時集團為英國《金融時報》集團(Financial Times Group)和倫敦證券交易所(London Stock Exchange)共同所有。
過去3年，韓國一直處于地位提升的關注名單上。在富時集團確信該國已消除結算、場外交易和外匯方面的監管障礙之後，韓國的地位終獲提升。
上星期筆者巳加入韓國基金月供計劃．
2008年的確是百年一遇的"金融海嘯". 有85年歷史的美國第五大投資銀行"貝爾斯登", 經歷了20世紀30年代的大蕭條和多次經濟起落都能夠生存下來，但終於抵擋不住美國次級按揭風暴倒下了. 擁有一百五十八年歷史的美國第四大投資銀行"雷曼兄弟"也宣布破產了. 1914年成立, 有著94年歷史的美國第三大投資銀行"美林集團"也被美國銀行以500億美元的價格併購了. 而一代保險巨人, 全美最大保險集團AIG以79.9%股權的代價換取美國聯邦儲備局850億美元的緊急救助貸款.
從今次金融風暴,領會到兩年事:
1)公司就算有百年歷史都係無用;
2)幾好的信用評級都一 樣無用，評級機構見公司財政出現問題後，係人都 知公司有問題啦，全球都知間公司有問題出現，才改評級有鬼用．比佢改完評級仲死得多D. 吾知有無機構去反轉過去比評級呢D評級機構？
從今次金融風暴,領會到兩年事:
1)公司就算有百年歷史都係無用;
2)幾好的信用評級都一 樣無用，評級機構見公司財政出現問題後，係人都 知公司有問題啦，全球都知間公司有問題出現，才改評級有鬼用．比佢改完評級仲死得多D. 吾知有無機構去反轉過去比評級呢D評級機構？
匯金公司將購入工、中及建行股票
2008年9月15日星期一
AIG借400億美金
AIG借400億美金
American International Group, Inc. (AIG)於 11:01 下午 HKT：6.810 USD 5.33 (43.90%)
買入:
N/A
賣出:
N/A
昨日收市 :
12.140
開市:
7.120
成交量:
170,060,625
一年目標價:
5.820 - 7.670
52週波幅:
13.820 - 70.130
P/E (ttm):
N/A
市值:
18.31B
每股盈利 (ttm):
-2.237
股息及溢利:
0.820
每手股數:
N/A
平均成交(3個月):
44,552,100
更新時間:
11:01下午 HKT
American International Group, Inc. (AIG)於 11:01 下午 HKT：6.810 USD 5.33 (43.90%)
買入:
N/A
賣出:
N/A
昨日收市 :
12.140
開市:
7.120
成交量:
170,060,625
一年目標價:
5.820 - 7.670
52週波幅:
13.820 - 70.130
P/E (ttm):
N/A
市值:
18.31B
每股盈利 (ttm):
-2.237
股息及溢利:
0.820
每手股數:
N/A
平均成交(3個月):
44,552,100
更新時間:
11:01下午 HKT
雷曼破產華爾街早上急挫
雷曼破產華爾街早上急挫
9月 15日 星期一 22:00 更新
美國投資銀行雷曼兄弟破產，引發金融危機，環球股市急跌，紐約股市道指初段跌大約三百點。
道指開市約十分鐘報11134，跌287點；納指報2208，跌52點；標普500指數報1215，跌36點。
繼今年三月美國第五大投資銀行貝爾斯登因瀕臨破產而被摩根大通收購近半年之後，華爾街再次出現令人震驚的消息。
美國第四大投資銀行雷曼兄弟公司宣布申請破產，而同一時間，美國銀行宣布以500億美元收購美林證券。
美國財政部長保爾森、證券交易委員會主席考克斯，以及來自花旗集團、摩根大通、摩根士丹利、高盛、美林公司的高層星期日雲集位於曼哈頓的紐約聯邦儲備銀行總部，這已經是他們為拯救雷曼連續第三天碰頭議事。
但最終曾有意收購雷曼的英國巴克萊銀行和美國銀行當天均退出。
由於雷曼與一眾投資銀行、證券商、對沖基金，甚至保險機構有著千絲萬縷的聯繫，破產產生的衝擊波迅速擴散到整個金融市場。
受此影響，亞洲股市出現下跌，其中新加坡跌3.27%；印度跌3.35%，澳洲跌1.8%；台灣跌4.09%；內地和香港因假期休市。歐洲股市亦下挫大約4%至5%，特別是金融類股票。(綜合外電)
9月 15日 星期一 22:00 更新
美國投資銀行雷曼兄弟破產，引發金融危機，環球股市急跌，紐約股市道指初段跌大約三百點。
道指開市約十分鐘報11134，跌287點；納指報2208，跌52點；標普500指數報1215，跌36點。
繼今年三月美國第五大投資銀行貝爾斯登因瀕臨破產而被摩根大通收購近半年之後，華爾街再次出現令人震驚的消息。
美國第四大投資銀行雷曼兄弟公司宣布申請破產，而同一時間，美國銀行宣布以500億美元收購美林證券。
美國財政部長保爾森、證券交易委員會主席考克斯，以及來自花旗集團、摩根大通、摩根士丹利、高盛、美林公司的高層星期日雲集位於曼哈頓的紐約聯邦儲備銀行總部，這已經是他們為拯救雷曼連續第三天碰頭議事。
但最終曾有意收購雷曼的英國巴克萊銀行和美國銀行當天均退出。
由於雷曼與一眾投資銀行、證券商、對沖基金，甚至保險機構有著千絲萬縷的聯繫，破產產生的衝擊波迅速擴散到整個金融市場。
受此影響，亞洲股市出現下跌，其中新加坡跌3.27%；印度跌3.35%，澳洲跌1.8%；台灣跌4.09%；內地和香港因假期休市。歐洲股市亦下挫大約4%至5%，特別是金融類股票。(綜合外電)
2008年9月14日星期日
AIG信用評級面臨調低
作為全球最大保險商的AIG，目前正受信用評級面臨調低的消息困擾，信貸違約調期周五急漲72基點至760基點，為歷史新高，引發市場恐慌，股價早段急跌近三成。AIG過去3季共錄得185億美元虧損，在5月時已集資203億美元，但專家稱「很難估計」AIG還要再籌集多少資金。
2008年9月13日星期六
AIG股價又下跌２０．９８％
American International Group, Inc. (AIG)於 12:31 上午 HKT：13.180 USD 4.37 (24.90%)
昨日收市 :
17.550
開市:
今日波幅:
13.010 - 15.400
52週波幅:
13.820 - 70.130
P/E (ttm):
N/A
市值:
35.44B
每股盈利 (ttm):
-2.24
股息及溢利:
0.820
昨日收市 :
17.550
開市:
今日波幅:
13.010 - 15.400
52週波幅:
13.820 - 70.130
P/E (ttm):
N/A
市值:
35.44B
每股盈利 (ttm):
-2.24
股息及溢利:
0.820
渣打集團以股代息
上星期收到渣打集團2008的半年業績報告以及中期股息的有關文件, 股東可以選擇以股代息, 換股價為每股26.0148美元或202.91544港元. 由於筆者認為現時市價係$201.00太接近換股價,換股未有so.未有final decision.
由於筆者現時大全部H股是自己名的實貨股票, 所以不需要交10%的股息稅, 也算是持有實股的好處.但未來持有實股可能都要交10%的股息稅,所以無需張證券行的H股轉持實股; 雖然現時H股一般的息率(Dividend Yield) 都不算高, 以平保為例, 中期股息0.2人民幣或0.2273港元, 如果筆者收足股息有2272港元, 如果扣除10%股息稅實收2,045, 相差227元. 股息稅絕對是雙重徵稅, 因為有關企業已經繳交利得稅, 股票收到的股息是來至已經除稅後的盈利, 再抽股息稅, 就等於同一筆來至企業賺取的盈利被徵收2次稅項.不過, 中國不是唯一雙重徵稅的國家, 筆者是945宏利的股東, 股東如不是加拿大籍的公民, 要繳交25%的股息稅. 至於美國, 美國公司的股東要交30%股息稅, 外國人無得走雞,但現時美國公民就可免稅．股票資產價格上升賣出後，股票持有人力仲要交30%增值稅,非美國公民的股東簽署 W8 Ben form則可以豁免資本增值稅. 所以如果因為這個理由而沽貨令到股價大跌, 筆者認為只是一個藉口, 或者乘機質低大市, 所以筆者認為股市下跌基本上同10%股息稅關係不大.
由於筆者現時大全部H股是自己名的實貨股票, 所以不需要交10%的股息稅, 也算是持有實股的好處.但未來持有實股可能都要交10%的股息稅,所以無需張證券行的H股轉持實股; 雖然現時H股一般的息率(Dividend Yield) 都不算高, 以平保為例, 中期股息0.2人民幣或0.2273港元, 如果筆者收足股息有2272港元, 如果扣除10%股息稅實收2,045, 相差227元. 股息稅絕對是雙重徵稅, 因為有關企業已經繳交利得稅, 股票收到的股息是來至已經除稅後的盈利, 再抽股息稅, 就等於同一筆來至企業賺取的盈利被徵收2次稅項.不過, 中國不是唯一雙重徵稅的國家, 筆者是945宏利的股東, 股東如不是加拿大籍的公民, 要繳交25%的股息稅. 至於美國, 美國公司的股東要交30%股息稅, 外國人無得走雞,但現時美國公民就可免稅．股票資產價格上升賣出後，股票持有人力仲要交30%增值稅,非美國公民的股東簽署 W8 Ben form則可以豁免資本增值稅. 所以如果因為這個理由而沽貨令到股價大跌, 筆者認為只是一個藉口, 或者乘機質低大市, 所以筆者認為股市下跌基本上同10%股息稅關係不大.
2008年3月24日星期一
2008年3月20日星期四
Visa
the biggest IPO in U.S. history, Visa Inc. shares soared 28 percent in their stock market debut Wednesday as investors bet an accelerating shift to electronic payments will enrich the world's largest processor of credit and debit cards.
After being priced above expectations at $44 per share in an initial public offering that raised nearly $18 billion, Visa shares finished at $56.50 on the New York Stock Exchange Wednesday. The run-up gives the San Francisco-based company a market value of about $45 billion.
"This is an exciting and historic day for Visa," said Chairman Joseph Saunders, who received a $10.2 million bonus last year for laying the IPO groundwork.
Investors believe Visa is in a lucrative position as more people rely on its electronic network to make payments instead of using cash and checks. The company is expected to milk the phenomenon to become an even bigger cash cow than it already is.
Visa generated $5.2 billion in annual revenue last year as it handled more than more than 44 billion transactions totaling more than $3.2 trillion. The volume puts Visa far ahead of its main rival MasterCard Inc., whose own shares have more than quintupled from their May 2006 IPO price of $39.
Making Visa even more alluring to investors, the company is well-insulated from the credit problems that have scarred many of the lenders that issue the cards bearing its brand.
Unlike those lenders, Visa doesn't carry any consumer debt on its books. It depends on transaction fees, which have been steadily rising for years, including the past two U.S. recessions in 1991 and 2001.
Since the last recession, Visa has enticed consumers to use its credit and debit cards more frequently to pay for staples like groceries, gas and even utility bills. Visa estimates about 42 percent of its transactions fall into this "nondiscretionary" category, up from 27 percent in 2000.
"Visa enjoys one of the widest economic moats that a company can desire," Morningstar analyst Michael Kon wrote in a Wednesday research note.
Reflecting management's confidence, Visa anticipates annual earnings growth of at least 20 percent for at least the next two years. The company got off to a fast start in its fiscal first quarter ending in December with a $424 million profit, up 70 percent from the previous year.
Visa overcame turbulent market conditions to shatter the previous U.S. record IPO of $10.6 billion raised by AT&T Wireless eight years ago.
"To sell 400 million shares at a time like this is Herculean," said David Menlow, president of IPOfinancial.com
Investment bankers could still exercise an option to buy another 40.6 million Visa shares during the next 30 days. If that happens, Visa's IPO will end up raising $19.7 billion before expenses.
Visa has earmarked nearly $12 billion of the IPO proceeds to buy back shares from the banks that helped build up its network over the past 50 years. The biggest chunk, about $1.36 billion, will be paid to its largest customer and shareholder, JPMorgan Chase & Co., according to an updated breakdown filed late Wednesday.
Other major banks cashing in on Visa's IPO include: Bank of America Corp., National City Corp., Citigroup Inc., U.S. Bancorp and Wells Fargo & Co.
The windfall comes a propitious time, given the banking industry's wobbly condition as billions of losses pile up from the housing market's worst downturn since the 1930s.
Another $3 billion from the IPO is being deposited into an escrow account to cover potential liabilities in lawsuits alleging Visa conspired to stifle competition and fix prices.
Those legal problems represent one of the biggest risks to owning Visa stock, although the company's management maintains the escrow account and contingency measures should adequately protect investors. Visa paid more than $2 billion late last year to resolve a suit with American Express Co., but a similar case brought by Discover Financial Services LLC is scheduled for a Sept. 9 trial in New York.
Visa's dependence on only a handful of banks that issue most of its cards poses another possible downside, said Aite Group analyst Gwenn Bezard. The company's five largest customers accounted for $1.2 billion, or 23 percent, of its revenue last year.
Big card issuers like JPMorgan already get special discounts and the pricing pressure on Visa could intensify if more industry mergers further decrease the number of banks using its processing network, Bezard said. That might crimp Visa's profits.
For now, Visa is planning to trim about $300 million in expenses during the next two years to boost its operating profit margin from 37 percent.
Menlow and other analysts don't view Visa's blockbuster IPO as a sign that jittery investors have suddenly become more interested in taking chances on companies going public for the first time.
"This is more like an oasis in the desert," Menlow said.
The arid conditions have produced just 22 IPOs far this year, down from 47 at the same juncture in 2007.
After being priced above expectations at $44 per share in an initial public offering that raised nearly $18 billion, Visa shares finished at $56.50 on the New York Stock Exchange Wednesday. The run-up gives the San Francisco-based company a market value of about $45 billion.
"This is an exciting and historic day for Visa," said Chairman Joseph Saunders, who received a $10.2 million bonus last year for laying the IPO groundwork.
Investors believe Visa is in a lucrative position as more people rely on its electronic network to make payments instead of using cash and checks. The company is expected to milk the phenomenon to become an even bigger cash cow than it already is.
Visa generated $5.2 billion in annual revenue last year as it handled more than more than 44 billion transactions totaling more than $3.2 trillion. The volume puts Visa far ahead of its main rival MasterCard Inc., whose own shares have more than quintupled from their May 2006 IPO price of $39.
Making Visa even more alluring to investors, the company is well-insulated from the credit problems that have scarred many of the lenders that issue the cards bearing its brand.
Unlike those lenders, Visa doesn't carry any consumer debt on its books. It depends on transaction fees, which have been steadily rising for years, including the past two U.S. recessions in 1991 and 2001.
Since the last recession, Visa has enticed consumers to use its credit and debit cards more frequently to pay for staples like groceries, gas and even utility bills. Visa estimates about 42 percent of its transactions fall into this "nondiscretionary" category, up from 27 percent in 2000.
"Visa enjoys one of the widest economic moats that a company can desire," Morningstar analyst Michael Kon wrote in a Wednesday research note.
Reflecting management's confidence, Visa anticipates annual earnings growth of at least 20 percent for at least the next two years. The company got off to a fast start in its fiscal first quarter ending in December with a $424 million profit, up 70 percent from the previous year.
Visa overcame turbulent market conditions to shatter the previous U.S. record IPO of $10.6 billion raised by AT&T Wireless eight years ago.
"To sell 400 million shares at a time like this is Herculean," said David Menlow, president of IPOfinancial.com
Investment bankers could still exercise an option to buy another 40.6 million Visa shares during the next 30 days. If that happens, Visa's IPO will end up raising $19.7 billion before expenses.
Visa has earmarked nearly $12 billion of the IPO proceeds to buy back shares from the banks that helped build up its network over the past 50 years. The biggest chunk, about $1.36 billion, will be paid to its largest customer and shareholder, JPMorgan Chase & Co., according to an updated breakdown filed late Wednesday.
Other major banks cashing in on Visa's IPO include: Bank of America Corp., National City Corp., Citigroup Inc., U.S. Bancorp and Wells Fargo & Co.
The windfall comes a propitious time, given the banking industry's wobbly condition as billions of losses pile up from the housing market's worst downturn since the 1930s.
Another $3 billion from the IPO is being deposited into an escrow account to cover potential liabilities in lawsuits alleging Visa conspired to stifle competition and fix prices.
Those legal problems represent one of the biggest risks to owning Visa stock, although the company's management maintains the escrow account and contingency measures should adequately protect investors. Visa paid more than $2 billion late last year to resolve a suit with American Express Co., but a similar case brought by Discover Financial Services LLC is scheduled for a Sept. 9 trial in New York.
Visa's dependence on only a handful of banks that issue most of its cards poses another possible downside, said Aite Group analyst Gwenn Bezard. The company's five largest customers accounted for $1.2 billion, or 23 percent, of its revenue last year.
Big card issuers like JPMorgan already get special discounts and the pricing pressure on Visa could intensify if more industry mergers further decrease the number of banks using its processing network, Bezard said. That might crimp Visa's profits.
For now, Visa is planning to trim about $300 million in expenses during the next two years to boost its operating profit margin from 37 percent.
Menlow and other analysts don't view Visa's blockbuster IPO as a sign that jittery investors have suddenly become more interested in taking chances on companies going public for the first time.
"This is more like an oasis in the desert," Menlow said.
The arid conditions have produced just 22 IPOs far this year, down from 47 at the same juncture in 2007.
2008年3月18日星期二
再買貨:korea fund , global financial fund,citigroup
再買global financial fund and korea fund,原本想買china fund,但市況不好,因中國A market看唔透,所以只買korea fund for long term. 原本想明天存款買美國Visa ,但美國開市見美國銀行股大反彈,所以在約市價us$20即買Citigroup for long term.
2008年3月14日星期五
2008年3月12日星期三
2008年3月8日星期六
沙地阿拉伯、阿聯酋及另外四個中東國家或會於2010年統一貨幣
沙地阿拉伯、阿聯酋及另外四個中東國家或會於2010年統一貨幣後，成立聯合交易所。分析員估計新的交易所會類似歐洲的Euronext，國內的交易所則不會取消。中東只花3年就可統一貨幣,比歐洲有效率得多 o
訂閱：
文章 (Atom)
