Author Topic: Casino Stocks  (Read 1447801 times)

Offline zuolun

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Re: Casino Stocks
« Reply #2150 on: September 18, 2020, 11:22:26 AM »
香港回归中国「认祖归宗」 ('Made in Hong Kong' will be relabeled ‘Made in China’)

Trump’s attack on the ‘Made-in-Hong Kong’ label expected to hurt some firms but not local pride in brand ~ 16 Sep 2020
https://www.scmp.com/news/hong-kong/politics/article/3101691/trumps-attack-hong-kong-label-expected-hurt-some-firms-not

WSJ: What other cities could offer to businesses leaving Hong Kong ~ 15 Sep 2020
https://www.youtube.com/watch?v=4i-FocwENAg

鏗鏘集:香港製造 ~ 14 Sep 2020
https://www.youtube.com/watch?v=XRJblebfYOU

消失的歸屬感和抗共的決心 中共讓香港人明白了什麼? ~ 14 Sep 2020
https://www.youtube.com/watch?v=eC8Nd8RacQg

The hollowing out of Hong Kong ~ 12 Sep 2020
https://www.bangkokpost.com/business/1983995/the-hollowing-out-of-hong-kong

BBC:「香港製造」被迫變「中國製造」 醬園老闆嘆:像失去了身份 ~ 9 Sep 2020
https://www.youtube.com/watch?v=s5aTZXkc-q8

Hong Kong’s US-bound exports to be labeled ‘Made in China’: What does it mean? ~ 25 Aug 2020
https://www.china-briefing.com/news/hong-kongs-us-bound-exports-to-be-labeled-made-in-china-what-does-it-mean/

Why the loss of the ‘Made in Hong Kong’ label is no trifling matter ~ 21 Aug 2020
https://www.scmp.com/comment/letters/article/3098099/why-loss-made-hong-kong-label-no-trifling-matter
With the suspension of Hong Kong’s preferential trade status, the US government has announced that from September 25, merchandise exported from the city to the US would have to be labelled “Made in China” instead of “Made in Hong Kong”. This would truly be a nightmare for Hong Kong businesses. (Hong Kong marking transition period as been extended for an additional 45 days to November 9, 2020)



‘Made in China’ label ruling hits a raw nerve in Hong Kong ~ 14 Aug 2020
https://www.washingtonpost.com/world/asia_pacific/china-hong-kong-trade-label-national-security-law/2020/08/14/8410b52e-dd45-11ea-b4f1-25b762cdbbf4_story.html


Offline zuolun

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Re: Casino Stocks
« Reply #2151 on: September 18, 2020, 01:11:40 PM »
香港人与新疆人全民「免费」核酸检测

Organ harvesting: A blind eye to mass atrocity ~ 14 Sep 2020
https://bitterwinter.org/organ-harvesting-a-blind-eye-to-mass-atrocity/
For the CCP, removing and selling organs from prisoners of conscience is a huge business. The perpetrator of this atrocity is the machinery of the Chinese Communist Party, operating on an industrial scale. It is now thought that there may be something in the region of 60,000–100,000 such transplants every year, with hearts, lungs, kidneys, livers, and corneas for sale in an industry worth billions of dollars. This is über-big business for China, with its wealthier citizens besides rich people from the USA, UK and around the world getting these transplants—some surely knowing, some less aware, where their donated organs are coming from. Some countries have taken measures against such “transplant tourism,” including Taiwan, Israel, Spain, and Italy. Others remain complicit in this crime against humanity.

消失的歸屬感和抗共的決心 中共讓香港人明白了什麼? ~ 14 Sep 2020
https://www.youtube.com/watch?v=eC8Nd8RacQg
失蹤港人去哪兒了?
大陸器官移植廣東器官源豐富

全球染疫超过2500万 香港医护吁抵制全民检测 ~ 31 Aug 2020
https://www.ntdtv.com/gb/2020/08/30/a102929885.html

香港活动人士黄之锋呼吁抵制全民检测 ~ 30 Aug 2020
https://www.youtube.com/watch?v=INSj2z2eLJI

Why Hong Kongers are suspicious of universal Covid-19 testing ~ 25 Aug 2020
https://qz.com/1895851/why-hong-kongers-are-suspicious-of-universal-covid-19-testing/

新疆喀什全民免費檢測 中共被疑隱疫或採DNA ~ 14 Aug 2020
https://hk.epochtimes.com/news/2020-08-14/62766526

香港推全民核酸检测 港民忧DNA被“送中” ~ 7 Aug 2020
https://www.dw.com/zh/%E9%A6%99%E6%B8%AF%E6%8E%A8%E5%85%A8%E6%B0%91%E6%A0%B8%E9%85%B8%E6%A3%80%E6%B5%8B-%E6%B8%AF%E6%B0%91%E5%BF%A7dna%E8%A2%AB%E9%80%81%E4%B8%AD/a-54488367

港人失蹤4結局 6千人被抓去哪了? ~ 13 Dec 2019
https://hk.epochtimes.com/news/2019-12-13/78003618
https://www.youtube.com/watch?v=1rHTF7Trgh8



民主自由是需要治療的「毒癮」?中共政權下的香港與新疆 ~ 3 Dec 2019
https://opinion.udn.com/opinion/story/11020/4201818

维族医师揭露器官移植黑幕 吁关注新疆人权 ~ 30 Oct 2017
https://www.rfa.org/mandarin/yataibaodao/renquanfazhi/hx-10302017101954.html
https://www.youtube.com/watch?v=dyWWocBNRcc


Offline zuolun

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Re: Casino Stocks
« Reply #2152 on: September 20, 2020, 11:08:31 AM »
苏小妹:

新加坡政府在政治上是强力支持美国。但是,在经济上却是非常亲中国的CCP。(一脚踏兩船 = win-win situation)


CSOP debuts the world’s largest Chinese pure government bond ETF in Singapore ~ 17 Sep 2020
https://www.businesswire.com/news/home/20200917005377/en/%C2%A0CSOP-debuts-the-world%E2%80%99s-largest-Chinese-pure-government-bond-ETF-in-Singapore
Trading of the ETF, which is managed by CSOP Asset Management, starts on Monday 21 Sept 2020.

TikTok owner plans to spend billions in Singapore after US ban ~ 11 Sep 2020
https://www.straitstimes.com/asia/east-asia/tiktok-owner-plans-to-spend-billions-in-singapore-after-us-ban
The investment would come at a crucial time as the technology firm is forced to sell its TikTok operations in the United States under pressure by the Trump administration.

5G in Singapore — is the tide turning against Huawei? ~ 12 Aug 2020
https://www.todayonline.com/commentary/5g-singapore-tide-turning-against-huawei
Amid the ongoing United States–China technological and geopolitical rivalry, decisions to award 5G contracts to Huawei — or to their competitors Nokia and Ericsson — continue to garner much press. In Singapore, Huawei was edged out after Singtel and the StarHub–M1 joint venture decided to partner with Ericsson and Nokia respectively to build the city-state’s standalone 5G network.

Trump seeks to clear out China from networks worldwide ~ 6 Aug 2020
https://www.itnews.com.au/news/trump-seeks-to-clear-out-china-from-networks-worldwide-551346
'Clean Networks' targets include Huawei, ZTE, Alibaba, Baidu and Tencent.

SGX ~ Trading in an upward sloping channel

SGX closed with a white marubozu @ S$9.03 (+0.44, +5.1%) with high volume done at 9.50m shares on 18 Sep 2020.

Immediate support @ S$8.65, immediate resistance @ S$9.30.



SGX (weekly) ~ Trading in an upward sloping channel ~ 18 Sep 2020



SGX ~ Bearish (Island Top + Tower Top) Reversal

SGX closed with a black marubozu @ S$8.17 (-0.05, -0.6%) with 3.33m shares done on 17 Jun 2020.

Immediate support @ S$8.00, immediate resistance @ S$8.50.



SGX (weekly) ~ Trading in an upward sloping channel ~ 17 Jun 2020



SGX closed @ S$8.17 on 17 Jun 2020.


Offline zuolun

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Re: Casino Stocks
« Reply #2153 on: September 21, 2020, 10:27:44 AM »
苏小妹:

温馨提示:
• 日本交易所手上持有4.95%新加坡交易所的股票会在2021年才全部出售。(Share overhang till 2021)
• 5 根 阳 + 1 根阴「吊死鬼」 推倒一座山。(23 Jan 2018)


SGX climbs after unveiling surprise higher dividend ~ 3 Aug 2020
https://moneyandfinancenews.com/hot-stock-sgx-climbs-after-unveiling-surprise-higher-dividend-companies-markets/
SGX announced a higher dividend for its 4th quarter ended June 30, 2020, on a strong set of results. SGX's total FY2020 dividend will be 30.5 cents per share.
• Ex-Date : 1 Oct 2020
• Pay Date : 9 Oct 2020
• Amount : S$0.08 per share

SGX closed @ S$9.03 on 18 Sep 2020.



Japan Exchange Group to sell its 4.95% stake in SGX progressively over three years

30 Mar 2018

Japan Exchange Group (JPX) said on Friday that it will sell its 4.95% stake in Singapore Exchange (SGX) progressively over a period of about three years.

The introduction of Japan's Corporate Governance Code in 2015 requires listed companies in Japan to examine and explain the economic rationale and future outlook of holding shares of other listed companies for reasons other than pure investment purposes, JPX said.

"Following a review of the requirements under the Code, JPX reached the conclusion that the existing cooperative relationship with SGX would continue even without holding the shares of SGX.

"Therefore, JPX has decided to sell the shares sequentially over a period of approximately three years," JPX said in its announcement.

The group noted that it acquired the stake in SGX in June 2007 with the aim of building a cooperative relationship with SGX while taking into account the various alliances among exchanges abroad at that time.

Furthermore, the cooperative relationship has been enhanced, through, among other things, entering into a letter of intent for mutual cooperation in 2014, to jointly promote measures that contribute to the increase in mutual corporate values.

SGX ~ Bearish Diamond Top Breakout, interim TP @ S$6.60, next TP S$6.09

SGX closed with a black marubozu @ S$7.08 (-0.16, -2.2%) with strong volume done at 5.75m shares on 9 Oct 2018.

Immediate support @ S$7.05, immediate resistance @ S$7.20.



Offline zuolun

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Re: Casino Stocks
« Reply #2154 on: September 22, 2020, 12:55:29 PM »
苏小妹:

用云图 + 20SMA 看SGX会比较清楚。

SGX dividend
• Ex-Date : 1 Oct 2020
• Pay Date : 9 Oct 2020
• Amount : S$0.08 per share
• At S$8.90, dividend yield is 3.6% p.a.


SGX ~ Trading in an upward sloping channel

SGX closed with a spinning top @ S$8.90 (-0.13, -1.4%) with 3.09m shares on 21 Sep 2020.

Immediate support @ S$8.76, immediate resistance @ S$9.07.



SGX closed @ S$8.90 on 21 Sep 2020.


Offline zuolun

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Re: Casino Stocks
« Reply #2155 on: September 24, 2020, 08:53:42 AM »
UOBKH maintained BUY on KepCorp, TP S$7.10 ~ 3 Aug 2020
https://s3-ap-southeast-1.amazonaws.com/investingnote-production-webbucket/attachments/ae76320a11f11a6b579c3a0ebbdc0b25e776b57b.pdf

OCBC maintained BUY on KepCorp, TP S$6.40 ~ 3 Aug 2020
https://s3-ap-southeast-1.amazonaws.com/investingnote-production-webbucket/attachments/5d6000fd5e88311d4b1ffa06c22820060e7fe2fc.pdf

CGS-CIMB maintained "add" on KepCorp, TP S$6.46 ~ 10 Aug 2020
https://s3-ap-southeast-1.amazonaws.com/investingnote-production-webbucket/attachments/6c4ad4f1b136dea1ae85b1cac6879abdde495b14.pdf

UOBKH maintained BUY on KepCorp, TP S$6.30 ~ 23 Sep 2020
https://s3-ap-southeast-1.amazonaws.com/investingnote-production-webbucket/attachments/1dac037bbd65566cffe6bd8a4201d38a782562e6.pdf

CIMB maintained BUY on KepCorp, TP S$6.46 ~ 22 Sep 2020
https://s3-ap-southeast-1.amazonaws.com/investingnote-production-webbucket/attachments/d2898251a4e3438d33e5790e0a6ae68f2c5b0271.pdf

KepCorp ~ Trading in a downward sloping channel, interim TP S$4.00, next TP S$3.00

KepCorp closed with a spinning top @ S$4.16 (+0.04, +1%) with 4.77m shares done on 23 Sep 2020.

Immediate support @ S$4.00, immediate resistance @ S$4.30.



KepCorp ~ Trading in a downward sloping channel, interim TP S$4.00

KepCorp closed with a hanging man @ S$5.40 (+0.03, +0.6%) with 3.66m shares done on 7 Aug 2020.

Immediate support @ S$5.13, immediate resistance @ S$5.47.



KepCorp closed @ S$5.40 on 7 Aug 2020.


Offline zuolun

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Re: Casino Stocks
« Reply #2156 on: September 24, 2020, 03:48:56 PM »
鵲巢鳩佔
https://www.youtube.com/watch?v=aMr-y92dif4

抗日战争期间中共做了啥?八年抗战期间中共作为大事纪要 ~ 13 Dec 2018
https://www.epochtimes.com/gb/18/12/9/n10899641.htm



原主人 (中華民國) 在台灣一直存在

中華民國歷史
https://zh.wikipedia.org/wiki/%E4%B8%AD%E8%8F%AF%E6%B0%91%E5%9C%8B%E6%AD%B7%E5%8F%B2
1971年,中華民國退出聯合國,中華人民共和國取代中華民國在聯合國及其附屬組織的「中國」席位,許多國家轉而與中華人民共和國建交,與中華民國斷交,國際地位轉趨低落。現今的「中華民國」於國際間常因地理位置通稱為「台灣」、或因政治因素權宜被稱為「中華台北」、「臺灣地區」等,以經濟成就聞名於世。

克拉奇訪台後,蔡英文為何說決心踏出關鍵一步?出現「台灣駐美大使」稱號,台美關係出現變化?川普政府滅共佈局開始了? ~ 22 Sep 2020
https://www.youtube.com/watch?v=GXMmIRj05xw

Highest-level U.S. Official since 1979 Keith Krach Visits Taiwan (2020) ~ 22 Sep 2020
https://www.youtube.com/watch?v=OQuB7UiC2OA



From founder to exile: Taiwan’s relationship with the WHO ~ 20 Apr 2020
https://www.youtube.com/watch?v=KcxWhUF2z9I

Assignment: China - "The week that changed the world"
https://www.youtube.com/watch?v=uyCZDvec5sY
Richard Nixon's visit to China in February 1972 changed the course of history — reshaping the global balance of power and opening the door to the establishment of relations between the People's Republic and the United States.

In February 1972 US President Richard Nixon made an unprecedented 8-day visit to the People’s Republic of China and met with Chinese leader Mao Zedong.



US President Richard Nixon shakes hands with Chou En-lai.



为什么台灣會叫台灣?台灣自古不屬中國!台南熱蘭遮城古蹟考察團
https://www.youtube.com/watch?v=vFe7f5dLEMs

为什么雍正皇帝说台湾自古不属中国
https://bbs.creaders.net/politics/bbsviewer.php?trd_id=6184

辛灏年: 中共在抗战中做了什么
https://www.youtube.com/watch?v=cllRXSEGZtU

Offline zuolun

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Re: Casino Stocks
« Reply #2157 on: September 25, 2020, 08:06:12 AM »
SIA closed @ S$3.39 (-0.07, -2.02%) on 24 Sep 2020.



Commentary: We must save Singapore Airlines from this existential crisis ~ 24 Sep 2020
https://www.channelnewsasia.com/news/commentary/singapore-airlines-layoff-national-carrier-temasek-government-13137324

Shareholder raises concerns about SIA’s 15 years of fuel hedging losses to Prime Minister Lee, as no one takes accountability ~ 23 Sep 2020
https://www.onlinecitizenasia.com/2020/09/17/shareholder-raises-concerns-about-sias-15-years-of-fuel-hedging-losses-to-prime-minister-lee-as-no-one-takes-accountability/
“Please do not hide all of these troubles under the cloud cover of COVID-19, just as the 15 years of hedge losses had been in the fine footnotes, so that even your then Chairman said he didn’t know of this. He reiterated that SIA’s core competence is not fuel trading but airline operations.



Weak travel demand aside, SIA has major problems to fix

By Tay Peck Gek
23 Sep 2020

The pain being felt by the aviation sector is global, and Singapore Airlines (SIA) and its top brass should not be unfairly penalised for factors that are beyond their control. But some of the hits that SIA has taken could have been reduced or even avoided.

Take, for instance, SIA's investments in foreign airlines NokScoot Airlines and V-irgin Australia, which have filed for liquidation and voluntary administration, respectively.

Thailand-based low-cost carrier NokScoot and Brisbane-based full-service airline V-irgin Australia had been struggling with turning a profit even before the pandemic. Consequently, they were among the earliest casualties of the pandemic.

NokScoot was a 49 per cent-owned associated company of Scoot Tigerair, an SIA subsidiary. Its liquidation led SIA to record a charge of S$127 million for the first quarter ended June 30. This came after SIA had written off the carrying value of its investment in NokScoot in previous financial periods.

NokScoot was established in Thailand in 2014 with an initial total investment of S$78 million as a joint venture medium- to long-haul low cost airline. Since inception, it has never been able to deliver a full-year profit. SIA had injected an additional S$10.2 million in capital in the fiscal year 2020 and S$9.9 million in FY2019.

Much of NokScoot's losses were attributed to the difficulties in growing the network as well as the intense competitive environment, Scoot said in a media statement on NokScoot's liquidation. It did not see a path to recovery and sustainable growth for NokScoot, amid a difficult operating environment brought on by the novel coronavirus pandemic.

SIA similarly had to write off its 20 per cent stake in V-irgin Australia, and it recognised an impairment loss of S$344 million for the year ended March.

SIA's expansion through foreign joint ventures was part of a multi-hub strategy to set up hubs outside of Singapore and to create new engines of growth in key markets.

But Citi analyst Kaseedit Choonnawat noted the national carrier's poor track record in such foreign investments, and expressed doubts about the prudence of its intention to utilise a portion of the recent S$8.8 billion raised to "capture potential opportunities" thrown up by the pandemic.

NokScoot and V-irgin Australia were not the first investments to go bad for SIA, with V-irgin Atlantic and Air New Zealand setting precedents.

SIA acquired a 49 per cent stake in V-irgin Atlantic for £600 million (then S$1.6 billion) in 2000 but was only paid US$360 million (then S$440 million) when it offloaded the stake to United States carrier Delta Air in 2012. SIA had at the time said its investment had not performed to expectations and the synergies originally hoped for did not materialise.

The company also lost most of the more than NZ$400 million it invested in Air New Zealand following the near collapse and subsequent government-led rescue of the Kiwi carrier in the early 2000s.

Certainly, international investments carry a great deal of risk. But as SIA reviews its fleet and network plans to prepare for a very different aviation landscape post-pandemic, it is hoped that the company's investment track record may be an aspect for consideration.
Fuel hedging losses.

Meanwhile, SIA is also now drawing criticism over fuel hedging losses that The Business Times had written about in this column some time back.

A shareholder has taken to Facebook urging SIA chief executive Goh Choon Phong to step down and take responsibility for these losses.

Lim Seng Hoo said in his Facebook posts that he had earlier flagged fuel hedging losses to the airline and appealed to it to stop its hedging practice, but to no avail.

SIA racked up S$71 million in fuel hedging losses for its quarter to June, and also recognised S$464 million in mark-to-market losses from surplus hedges that arose because of capacity cuts resulting from the pandemic.

In the quarter ended March, it booked S$198 million in fuel hedging losses and S$710 million in mark-to-market losses.

SIA has warned of further fuel hedging losses ahead, and has recognised S$2.6 billion in mark-to-market losses in its reserves for FY2021 for contracts maturing between FY2022 and FY2025.

Hedging aims to reduce the risk of losing money on shares, bonds or other securities that one owns. But SIA is now losing big on its hedges.

At the time it entered into these hedges, oil prices were admittedly rising fast. But some market watchers have suggested SIA went overboard by locking in its jet fuel costs five years into the future - surpassing global airlines in the number of months forward that it hedged its fuel requirements.

As controversial as its fuel hedging strategy was its massive capital expenditure (capex) programme, which burned through more than the cash flow generated from its operations. Consequently, its free cash flow was in negative territory for the last four financial years - with deficits ranging from S$1.25 billion to S$2.72 billion. Its long-term borrowings ballooned from S$1.53 billion to S$7.16 billion.

UOB Kay Hian analyst K Ajith suggested in a May report that SIA's original plans for S$23.5 billion in capex over the next five years were "excessive and detrimental to the balance sheet, even pre-Covid-19".

SIA has since announced it will lower capex this financial year by at least 12 per cent, compared with its previous plan, with the final reduction to be determined by talks with planemakers over delivery delays.

But even after travel demand returns to its pre-Covid levels, SIA may need to be less ambitious with its fleet renewal plan.
SIA's strategy over the last few years left little margin for error, and the company's various stakeholders are now paying the price.

SIA may exhaust $8.8b debt proceeds before market recovers: analyst ~ 15 Sep 2020
https://unfoldtimes.com/sia-may-exhaust-8-8b-debt-proceeds-before-market-recovers-analyst/



“农家小子”陈久霖逆袭成“打工皇帝”,狂妄赌徒能赢多久? ~ 20 May 2020
https://kknews.cc/zh-sg/news/9vx66g8.html
  • 中航油(新加坡)能占据母公司100%的采购份额,一靠赌并购,二靠赌期货。陈久霖精通《周易》,对“赌”的理解别开生面:“赌可能是人的天性,我经常会以某种‘赌’的精神,致力于公司的发展。”
  • 中航油(新加坡)上市后,人们才窥见其盈利的玄机:2003年中航油(新加坡)年报显示,进口航油采购和石油贸易仅占总利润的16%,投资回报却占税前盈利的68%。
  • 这种“巧用资本杠杆”的方式,曾赢得中航油集团领导的盛赞,称其:“成功运用期货、纸货等石油衍生品工具,实现多种贸易方式的交叉运营,有力推动了贸易量的增加和利润的稳定增长。
Costly lessons from the CAO scandal ~ 23 Dec 2004
http://english.eastday.com/eastday/englishedition/node20665/node20666/node22806/node42985/node42987/userobject1ai774201.html
China Aviation Oil (CAO), voted as the most transparent company listed on Singapore Exchange, had collapsed because of a US$550 million loss in speculative oil trading in 2004. This was the second major derivative scandal at the Singapore Exchange. The first one was the collapse of UK''s Barings Bank in 1995.

陈久霖:”墙倒众人推,既倒不怕推。日后垒铜墙,欢迎大家推。”



Gambling with other people’s money

Imagine a superb poker player who asks you for a loan to finance his nightly poker playing. For every $100 he gambles, he’s willing to put up $3 of his own money. He wants you to lend him the rest. You will not get a stake in his winning. Instead, he’ll give you a fixed rate of interest on your $97 loan.

The poker player likes this situation for two reasons. First, it minimizes his downside risk. He can only lose $3. Second, borrowing has a great effect on his investment — it gets leveraged. If his $100 bet ends up yielding $103, he has made a lot more than 3 percent — in fact, he has doubled his money. His $3 investment is now worth $6.

But why would you, the lender, play this game? It’s a pretty risky game for you. Suppose your friend starts out with a stake of $10,000 for the night, putting up $300 himself and borrowing $9,700 from you. If he loses anything more than 3 percent on the night, he can’t make good on your loan.

Not to worry — your friend is an extremely skilled and prudent poker player who knows when to hold ,em and when to fold ,em. He may lose a hand or two because poker is a game of chance, but by the end of the night, he’s always ahead. He always makes good on his debts to you. He has never had a losing evening. As a creditor of the poker player, this is all you care about. As long as he can make good on his debt, you’re fine. You care only about one thing — that he stays solvent so that he can repay his loan and you get your money back.

But the gambler cares about two things. Sure, he too wants to stay solvent. Insolvency wipes out his investment, which is always unpleasant — it’s bad for his reputation and hurts his chances of being able to use leverage in the future. But the gambler doesn’t just care about avoiding the downside. He also cares about the upside. As the lender, you don’t share in the upside; no matter how much money the gambler makes on his bets, you just get your promised amount of interest.

If there is a chance to win a lot of money, the gambler is willing to take a big risk. After all, his downside is small. He only has $3 at stake. To gain a really large pot of money, the gambler will take a chance on an inside straight.

As the lender of the bulk of his funds, you wouldn't want the gambler to take that chance. You know that when the leverage ratio — the ratio of borrowed funds to personal assets — is 32–1 ($9700 divided by $300), the gambler will take a lot more risk than you’d like. So you keep an eye on the gambler to make sure that he continues to be successful in his play.

But suppose the gambler becomes increasingly reckless. He begins to draw to an inside straight from time to time and pursue other high-risk strategies that require making very large bets that threaten his ability to make good on his promises to you. After all, it’s worth it to him. He’s not playing with very much of his own money. He is playing mostly with your money. How will you respond?

You might stop lending altogether, concerned that you will lose both your interest and your principal. Or you might look for ways to protect yourself. You might demand a higher rate of interest. You might ask the player to put up his own assets as collateral in case he is wiped out. You might impose a covenant that legally restricts the gambler’s behavior, barring him from drawing to an inside straight, for example.

Offline zuolun

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Re: Casino Stocks
« Reply #2158 on: September 26, 2020, 01:58:18 PM »
China Wanda Group (万达集团) approaching settlement of Hontop Energy debts with creditors ~ 25 Sep 2020
https://www.manifoldtimes.com/news/china-wanda-group-approaching-settlement-of-hontop-energy-debts-with-creditors/
  • China Wanda has reportedly conceded to settle Hontop’s outstanding balances via its other subsidiaries.
  • In a court filing, it was reported that Hontop’s debts included US$33.2 million to DBS and US$63.3 million to SocGen.
  • Hontop was placed under judicial management in early September with RSM Corporate Advisory Pte Ltd appointed as judicial managers of the company.
  • The September application was filed by CIMB Bank Singapore on 15 June, 2020 as the bank looked to recover US$105 million from Hontop and accused the company of fraudulent conduct.
CIMB ~ Bearish Double Top Breakout, interim TP RM2.76, next TP RM2.25

CIMB closed with a harami cross @ RM3.06 (+0.01, +0.3%) with 9.93m shares done on 25 Sep 2020.

Immediate support @ RM2.90, immediate resistance @ RM3.20.



CIMB closed @ RM3.06 (+0.01, +0.3%) on 25 Sep 2020.



CIMB Shareholding Information ~ Data as at 28 August 2020
https://www.cimb.com/en/investor-relations/shareholding-information.html

Major Shareholders



Foreign Shareholding



Oil trader Sugih ‘conspired with Hontop’ on oil trade fraud, Natixis claims ~ 31 Jul 2020
https://www.gtreview.com/news/asia/oil-trader-sugih-conspired-with-hontop-on-oil-trade-fraud-natixis-claims/

BP Singapore oil traders on leave over being named in Hontop Energy fraud allegations ~ 21 Jul 2020
https://www.manifoldtimes.com/news/bp-singapore-oil-traders-on-leave-over-being-named-in-hontop-energy-fraud-allegations/
  • BP was recently connected to CIMB bank and Natixis SA’s filing against Hontop Energy, the trading arm of Chinese independent refiner China Wanda Holding Group Co Ltd and Sugih Energy International Pte. Ltd. (renamed Aeturnum Energy International Pte Ltd).
  • In the filing, the banks claimed they had exposure of up to US$192 million as they agreed to finance some trades for Hontop when they were shown that the cargo would be sold to BP.
CIMB, Natixis claim fabrications, fraud in Asian oil-trading scandal ~ 18 Jul 2020
https://www.straitstimes.com/business/banking/cimb-natixis-claim-fabrications-fraud-in-asian-oil-trading-scandal

Argus Media: Hontop Energy fraud allegations add to Singapore trading woes - 8 Jul 2020
https://www.manifoldtimes.com/news/argus-media-hontop-energy-fraud-allegations-add-to-singapore-trading-woes/

CIMB alleges 'suspicious' Hontop Energy oil deals with BP ~ 5 Jul 2020
https://www.channelnewsasia.com/news/business/cimb-alleges-suspcious-hontop-oil-deals-bp-12902458
Hontop, the trading arm of Chinese independent refiner China Wanda Holding Group (万达集团), is one of four commodity trading firms in Singapore which ran into financial trouble as the oil price crashed. CIMB is seeking repayment of US$105 million (S$146.5 million) it lent the company.

CIMB Group has exposure to Singapore troubled oil trader Hin Leong ~ 21 Apr 2020
https://www.youtube.com/watch?v=X7KQR90xmR0
CIMB’s exposure to Hin Leong is to the tune of US$120 million to US$130 million. This will mean an exposure of more than RM500 million in its loan book.

万达为鸿泰能源还债 ~ 25 Sep 2020
https://www.orientaldaily.com.my/news/business/2020/09/25/365712
中国万达集团即将与其新加坡石油贸易子公司鸿泰能源(Hontop Energy)的2家主要贷款银行了结债务纠纷。

王健林资产有多少?万达集团王健林2020年资产多少?~ 21 Sep 2020
http://cjnews.eeju.com/zixun/2020/0921/092020_8193.html
2020年胡润全球富豪榜显示,王健林财富为170亿美元。与2018年相比,王健林身价缩水100亿美元,因此排名从第9位降至第68位。

手头有点紧,“1亿小目标”变了,王健林清仓海外地产,从买买买到卖卖卖! ~ 1 Aug 2020
https://www.nanmuxuan.com/economy/fehdvnuaem.html

王健林再次失守,万达旗下公司面临破产,负债343亿元! - 8 Jul 2020
https://new.qq.com/omn/20200708/20200708A0BEHE00.html
美国AMC原本是全球排名第二的影院公司,2012年,在跟万达谈判了两年之后,终于签下了并购协议。这次并购万达花了26亿美元,再加上还要帮AMC还清债务,总共其实是花了31亿美元(约合人民币195亿元),可以说是下了“血本”!



习近平粉碎王健林全球野心,却又救他一命,海航安邦被查封,唯万达逃生;普利策奖获得者主编深度调查披露王健林起落史 ~ 29 Jun 2020
https://www.youtube.com/watch?v=l9xpml-dK6g


Offline zuolun

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Re: Casino Stocks
« Reply #2159 on: September 27, 2020, 12:36:26 PM »
Nine banks in Malaysia, led by Public Bank and AmBank, linked to 23 suspicious transactions ~ 21 Sep 2020
https://www.theedgemarkets.com/article/nine-banks-malaysia-led-public-bank-and-ambank-linked-23-suspicious-transactions

FinCEN leaks: DBS, CIMB and Deutsche among banks in S'pore that handled about $6 billion in suspicious transactions ~ 21 Sep 2020
https://www.straitstimes.com/business/banking/banks-in-singapore-handled-about-us45-billion-in-suspicious-transactions-fincen
A number of banks in Singapore handled about US$4.5 billion (S$6.13 billion) in suspicious transactions between 2000 and 2017, with DBS Bank, CIMB Bank and Deutsche Bank among those that processed the largest sums of such funds here.

Leaked documents reveal global banks helped launder US$2 trillion ~ 21 Sep 2020
https://smallcaps.com.au/leaked-documents-reveal-global-banks-helped-launder-2-trillion/
https://www.youtube.com/watch?v=ZAp1wOsOEDE

At the peak of the rebound in July 2020; insiders sold off PBBank shares between RM17.7 to RM18.20 per share ~ 22 Jul 2020
https://disclosure.bursamalaysia.com/FileAccess/viewHtml?e=3071402#/market_information/announcements/company_announcement/announcement_details
(1) Disposal of 7,000 ordinary shares by Lee Ynh Tyng on 21 July 2020 via open market;
(2) Disposal of 242,600 ordinary shares by Lee Ynh Tyng on 22 July 2020 via open market; and
(3) Disposal of 20,000 ordinary shares by Lee Cheng Yee on 22 July 2020 via open market.

PBBank (1295) ~ Trading in a downward sloping channel, interim TP RM12.58, next TP RM9.70

PBBank closed with an inverted hammer @ RM15.44 (-0.08, -0.5%) with 3.26m shares done on 25 Sep 2020.

Immediate support @ RM15.40, immediate resistance @ S$15.80.



PBBank closed @ RM15.44 on 25 Sep 2020.


Offline zuolun

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Re: Casino Stocks
« Reply #2160 on: September 28, 2020, 09:00:31 AM »
Palm oil labor abuses linked to world's top brands, banks ~ 24 Sep 2020
https://apnews.com/article/virus-outbreak-only-on-ap-indonesia-financial-markets-malaysia-7b634596270cc6aa7578a062a30423bb
Maybank has provided almost $4 billion in financing to Southeast Asia’s palm oil industry between 2015 and 2020, or about 10% of all loans and underwriting services.

Judicial Managers considering to take former Singapore Director of Inter-Pacific Petroleum to court ~ 16 Sep 2020
https://www.manifoldtimes.com/news/judicial-managers-considering-to-take-former-singapore-director-of-inter-pacific-petroleum-to-court/
“Two of the Company’s largest creditors, Malayan Banking Berhad (“Maybank”) and Societe Generale, Singapore Branch (“SocGen”) have come forth to the JMs indicating an intention to fund the prospective legal action against Dr Goh in respect of this breaches of duties.” Maybank is owed an amount of US$88.3 million while SocGen is owed US$81.3 million.

Maybank's Q2 net profit down to under RM1bil from RM1.94bil a year ago ~ 27 Aug 2020
https://www.nst.com.my/business/2020/08/619890/maybanks-q2-net-profit-down-under-rm1bil-rm194bil-year-ago
Net impairment losses for Q2, however, rose to RM1.74 billion compared with RM452.3 million a year earlier as the group maintained a prudent stance and increased its forward looking assumption provisioning.

Maybank, RHB likely Genting HK’s largest lenders in Malaysia ~ 20 Aug 2020
https://www.theedgemarkets.com/article/maybank-has-lent-us350m-and-rhb-bank-us100m-genting-hk-which-has-temporarily-suspended
Maybank has US$350 million loan exposure to the Hong Kong-based cruise operator, which on Wednesday (Aug 19) announced that it has to suspend payments to all creditors to preserve as much cash as possible to sustain its operation. The total loan exposure of US$350 million, or RM1.45 billion, consists of US$250 million unsecured loans. Analysts estimate the exposure to be about 26 to 29 basis points (bps) of Maybank’s gross loans.

MAYBANK ~ Trading in a downward sloping channel, interim TP RM6.65, next TP RM6.00

MAYBANK closed with an inverted hammer @ RM7.08 (-0.01, -0.1%) with 4.51m shares done on 25 Sep 2020.

Immediate support @ RM7.02, immediate resistance @ RM7.20.



MAYBANK closed @ RM7.08 on 25 Sep 2020.


Offline ridgetan

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Re: Casino Stocks
« Reply #2161 on: September 29, 2020, 05:23:51 PM »
I am doing a campaign to help all investor to achieve FINANCIAL FREEDOM through the stock market,
We are giving out Professional Buy/sell recommendation(Accuracy over 75 %)

Whatsapp: 019-3305179 (Mr.Tan)

Offline zuolun

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Re: Casino Stocks
« Reply #2162 on: October 04, 2020, 12:39:21 PM »
现在 与 未来:饭可以不吃,但保费激增的医疗保险却不能不买

Malaysia EPF vs Singapore CPF

BNM international reserves rise to US$104b as at July 15, 2020 ~ 22 Jul 2020
https://www.theedgemarkets.com/article/bnm-international-reserves-us104b-july-15-2020

Full EPF withdrawal at age 55 remains ~ 26 Jun 2020
https://www.nst.com.my/news/nation/2020/06/603810/full-epf-withdrawal-age-55-remains
Employees Provident Fund (EPF) says no such steps on raising the withdrawal age have been discussed with any party at this point in time.

i-Lestari: How to withdraw RM500/month from your EPF account ~ 31 Mar 2020
https://www.malaymail.com/news/malaysia/2020/03/31/i-lestari-how-to-withdraw-rm500-month-from-your-epf-account/1851975
  • To ease the financial burden of Malaysians during the Covid-19 outbreak, the prime minister had announced last week that Employees Provident Fund (EPF) members will be allowed to withdraw up to RM500/month from their account. This withdrawal facility which is known as i-Lestari, will be available starting 1st April 2020.
  • i-Lestari is available for Malaysian citizens, permanent residents and non-Malaysians aged 55 and below that has an EPF account. The facility will allow members to take out funds only from Account 2.
  • Each member will be permitted to withdraw from a minimum of RM50 to a maximum of RM500 per month, and the scheme will be available from April 2020 to 31 March 2021 (12 months).
Is the Medishield Life really a shield against medical costs? Or is it really a battering ram to already tight pockets? ~ 1 Oct 2020
https://www.onlinecitizenasia.com/2020/10/01/is-the-medishield-life-really-a-shield-against-medical-costs-or-is-it-really-a-battering-ram-to-already-tight-pockets/
The Medishield Life Council has just announced a whole raft of potential changes to Singapore’s national health insurance scheme that can see premiums rise by 35%.

MediShield Life to increase premiums by up to 35%, Singaporeans think it’s “daylight robbery” ~ 30 Sep 2020
https://www.onlinecitizenasia.com/2020/09/30/medishield-life-to-increase-premiums-by-up-to-35-singaporeans-think-its-daylight-robbery/
The Government announced that MediShield Life premiums may rise by up to 35% in 2021. This will be the first increase in premiums for compulsory health insurance since its launch in 2015.

MediShield Life may let Singaporeans claim up to $150,000 next year, but premiums go up by 35% ~ 30 Sep 2020
https://mustsharenews.com/medishield-life-premiums-claim/

Ms Teo hints CPF Minimum Sum may be raised again; CPF payouts not enough for basic standard of living ~ 17 Nov 2019
https://www.onlinecitizenasia.com/2019/11/17/ms-teo-hints-cpf-minimum-sum-may-be-raised-again-cpf-payouts-not-enough-for-basic-standard-of-living/
For example, those who turned 55 this year, the Minimum Sum would be $176,000. This is the mandatory sum to be kept with CPF Board at 55. One can only get monthly payouts from it at 65 and after. The CPF Minimum Sum for 2021 and beyond, which is yet to be announced, would likely to be higher than the 2020’s $181,000.

How much of your CPF be locked up when you reach age 55? ~ 25 Oct 2019
https://www.theastuteparent.com/2019/10/full-retirement-sum/



Why is our CPF lock in and only return to us monthly when we reach 65. As promise we should be able to drawdown fully when we reach 55?



How CPF locks up Singaporeans’ money ~ 25 Jun 2009
https://furrybrowndog.wordpress.com/2009/06/25/how-cpf-locks-up-singaporeans-money/


Offline zuolun

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Re: Casino Stocks
« Reply #2163 on: October 05, 2020, 09:01:41 AM »
Singapore Airlines and China Evergrande: Too big to fail「大到不能倒」到「強到不會倒」

World’s best airport braces for persisting symptoms amid Covid-19 fallout ~ 4 Oct 2020
https://www.businesslive.co.za/bd/companies/transport-and-tourism/2020-10-04-worlds-best-airport-braces-for-persisting-symptoms-amid-covid-19-fallout/
Amid all the gloom in May, Changi was voted the world’s best airport for an eighth consecutive year, according to a ranking by Skytrax. Changi Airport in 2019 opened Jewel, a shopping and entertainment complex with 139,354m2 of stores and attractions including a rainforest, hedge maze and the world’s highest indoor waterfall.

Comment: Yes, we actually need SIA to survive as our national airline ~ 4 Oct 2020
https://unfoldtimes.com/comment-yes-we-actually-need-sia-to-survive-as-our-national-airline/
We need SIA to survive because of its importance to the development of Changi Airport as a global air hub.

Commentary: We must save Singapore Airlines from this existential crisis ~ 24 Sep 2020
https://www.channelnewsasia.com/news/commentary/singapore-airlines-layoff-national-carrier-temasek-government-13137324



How Evergrande's billionaire founder skirted his latest crisis ~ 3 Oct 2020
https://au.finance.yahoo.com/news/evergrande-billionaire-founder-skirted-latest-160200944.html
Hui Ka Yan, the rags to riches billionaire who runs China’s most indebted developer, skirted his latest crisis in much the same way he always has: with help from wealthy friends and a government fearful of financial instability.

Evergrande: To save or not to save? Is China’s financial crisis coming? ~ 30 Sep 2020
https://www.youtube.com/watch?v=I6jxXqBNp9U
“To be, or not to be, that is the question” for Prince Hamlet.
“To save or not to save Evergrande”, that is the question for the CCP.

China Evergrande pre-empts US$19 billion cash crunch as investors drop repayment option in Shenzhen reorganisation plan ~ 30 Sep 2020
https://sg.news.yahoo.com/china-evergrande-pre-empts-us-190854459.html
  • Most investors who poured in RMB130 billion into Hengda unit have agreed to drop a repayment option in much-delayed Shenzhen deal.
  • New terms should ease concerns about the group’s liquidity, according to CGS-CIMB analyst.


China can't afford to let its property market crash ~ 4 Sep 2020
https://finance.yahoo.com/news/china-cant-afford-let-property-033603082.html
While that's a challenge to companies such as Guangzhou-based Evergrande, which at one point was the world’s most indebted developer, the big companies have always found ways to raise funds.


Offline zuolun

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Re: Casino Stocks
« Reply #2164 on: October 06, 2020, 10:41:16 AM »
Equity financing vs. debt financing: What's the difference?
https://www.investopedia.com/ask/answers/042215/what-are-benefits-company-using-equity-financing-vs-debt-financing.asp
  • Equity financing carries no repayment obligation and provides extra working capital that can be used to grow a business.
  • The advantages of debt financing are numerous. First, the lender has no control over your business. Once you pay the loan back, your relationship with the financier ends. Next, the interest you pay is tax deductible. Finally, it is easy to forecast expenses because loan payments do not fluctuate.
  • The downside to debt financing is very real to anybody who has debt. Debt is a bet on your future ability to pay back the loan.
Singtel should take a leaf from Keppel's book when it comes to investor communications

Unlike the telco, the conglomerate is not shying away from telling the world how it intends to fix its problems and lift its depressed stock price

By Ben Paul
5 Oct 2020

When I heard last week that Singtel was appointing a new CEO, my first thought was that it could be time to buy the stock.

Then I read the news release from the company, and changed my mind.

Among other things, the news release suggested that Singtel's outgoing CEO, Chua Sock Koong, is leaving the company well-positioned for the future; and that new CEO, Yuen Kuan Moon, will build on the success Singtel has achieved.

For investors like me, these are not harmless platitudes but a worrying signal that Singtel's board and senior management - who surely must have endorsed the news release - do not plan to change the way the company is run and unlock the potential value of its depressed shares.

Singtel has none of the hallmarks that investors would ordinarily associate with being successful and well-positioned for the future.

This column pointed out back in August that Singtel generates less earnings now than it did a decade ago. Its cumulative "underlying" earnings per share for FY2018 to FY2020 is almost 24 per cent lower than for FY2010 to FY2012. (Singtel has a March 30 financial year-end).

Singtel also has a balance sheet burdened with significantly more debt than 10 years ago. It ended FY2020 with net debt of S$12.5 billion, almost twice the net debt of S$6.3 billion it had at the end of FY2010.

Moreover, Singtel's accumulation of debt has outpaced its profit growth. For FY2020, the ratio of Singtel's net debt to its earnings before interest, taxes, depreciation and amortisation (Ebitda) and pre-tax profit contributions from its associates stood at 2.0 times. In FY2010, the same ratio stood at just 0.9 times.


With the Covid-19 fallout and the need to keep investing in its network, Singtel now appears to be heading for a financial crunch. Notably, the company cut its final dividend for FY2020 to S$0.0545 per share, bringing its total ordinary dividend for the year down to S$0.1225.

Singtel paid total ordinary dividends of S$0.175 per share for each of the preceding five financial years. It also paid a special dividend of S$0.03 per share for FY2018.

None of this has gone unnoticed by the market. Last month, Singtel's share price hit a 12-year low.

Yet, there is a huge amount of value that can be unlocked at Singtel. In a report last week, DBS Group Research said the combined market value of Singtel's public-listed regional associates - which include Telkomsel in Indonesia, Bharti Airtel in India, AIS in Thailand and Globe in the Philippines - is equivalent to S$2.49 per Singtel share.

Singtel's shares closed at S$2.16 on Friday. So, in effect, the market is ascribing a negative value to Singtel's core business in Singapore and Australia.

Failing to acknowledge the market's currently weak confidence in Singtel and express an awareness of the potential value of its underlying assets was a wasted communications opportunity by the company to turn the page on its past with the appointment of its new CEO.

Keppel's big plan

Singtel should perhaps take a leaf from Keppel Corp's book to win back the support of investors.

Much like Singtel, Keppel has faced strong headwinds for some time. Things came to a head recently, when the group made major impairments to the carrying value of various assets related to its offshore and marine (O&M) business.

For H1 2020, Keppel reported a net loss of S$537 million, compared to a net profit of S$356 million for H1 2019, after S$930 million of impairments.

Besides making investors nervous, these impairments provided Temasek Holdings with the opportunity to back out of an unfortunately-timed partial offer by invoking a "material adverse change" pre-condition.

In October last year, before Covid-19 emerged, Temasek had proposed to acquire 554.9 million shares in Keppel at S$7.35 each, to raise its direct stake in the company from 20.45 per cent to 51 per cent.

With the withdrawal of the partial offer, Keppel's share price tanked. The stock is down about 35 per cent since the beginning of this year. It closed at S$4.40 on Friday.

At their current level, shares in Keppel are trading at a nearly 23 per cent discount to its net asset value as at June 30 of S$5.70 per share, which some analysts say is unwarranted.

Unlike Singtel, however, Keppel is not shying away from telling the world how it intends to fix its problems and lift its depressed stock price.

On Sept 29, the company said in a news release that it had identified S$17.5 billion worth of assets that can be monetised and channelled towards growth initiatives. Over the next three years, Keppel plans to monetise S$3-5 billion worth of these assets.

Keppel also said it would conduct a strategic review of its beleaguered O&M business, exploring both organic and inorganic options.

"Organic options include reviewing the strategy and business model of Keppel O&M, assessing its current capacity and global network of yards and restructuring to seek opportunities as a developer of renewable energy assets; while inorganic options would range from strategic mergers to disposal," the company said.

Face up to reality

So, what exactly should Singtel's new CEO do to unlock value?

The first step is to face up to reality. Singtel's profitability has been weakening for years, and the company was becoming increasingly indebted. The economic fallout of Covid-19 is simply accelerating the process. A recovery in economic activity may bring some respite, but it will not fix Singtel's underlying problems.

In the short term, Singtel should address concerns in the market about its ability to maintain its dividend. It should consider options to strengthen its balance sheet, by identifying assets that can be monetised. It should also carefully consider the likelihood of its listed associates - which account for the bulk of its value - needing its support to weather the Covid-19 fallout.

If further dividend cuts may be necessary, Singtel should proactively prepare the market for the disappointment and ensure that any adjustment it makes is more than sufficient from the outset. Yet, it should prioritise investing in its 5G network in order to maintain its market position and profitability.

In the longer term, Singtel should ensure that its retained earnings are consistently put towards initiatives that deliver tangible financial returns and lift its market value.

Singtel's new CEO should determine why the group's return on equity and return on invested capital trended lower during the past decade even as its debt levels climbed. And, he should commit to closely tracking and reporting Singtel's performance on these fronts in the future.

Singtel’s next CEO ready for new opportunities once virus slows ~ 1 Oct 2020
https://www.bnnbloomberg.ca/singtel-s-next-ceo-ready-for-new-opportunities-once-virus-slows-1.1501933
  • Singtel, which gets more than half its revenue outside Singapore, has been facing intensifying competition in overseas markets, where it has invested in operators including Bharti Airtel Ltd. in India and Australia-based Optus.
  • The company’s net income dropped to S$1.08 billion ($792 billion), the lowest since 1993, in the year ended March. Its share price has declined 35% this year and fell to its lowest level since the global financial crisis last month.
Singtel closed @ S$2.17 on 5 Oct 2020.



KepCorp closed @ S$4.41 on 5 Oct 2020.


Offline zuolun

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Re: Casino Stocks
« Reply #2165 on: October 07, 2020, 09:35:56 AM »
技术分析说:如果历史新低 @ S$1.22 再被穿破的话;OLAM 的股价还会继续往下跌。以最悲观的价格预测可以用 S$1.06 (FIBO 161.8% as at 25 Jan 2019)。

Olam upsizes flagship debt facility to US$1.98 billion ~ 6 Oct 2020
https://links.sgx.com/FileOpen/10Oct2020_PR_Q3%20RCF_Upsize_Final.ashx?App=Announcement&FileID=634094
  • Four new banks have joined Olam's multi-tranche revolving credit facility that was first secured on Sept 10, 2020.
  • Bank of Baroda has come on as a senior mandated lead arranger; Bank of China and Unicredit Bank are mandated lead arrangers, and Westpac Banking Corporation as a lead arranger, taking the total banking group to 25 banks.
  • The upsized facility, which has Olam's subsidiary Olam Treasury as a co-borrower, comprises three tranches - a 364-day revolving credit facility of US$790 million, a two-year revolving credit facility of US$790 million, and a three-year revolving credit facility of US$395 million.
  • Proceeds from the facility will be applied towards refinancing of existing loans of Olam and its subsidiaries.
OLAM ~ Trading in a downward sloping channel, interim TP S$1.06

OLAM closed with a white marubozu @ S$1.30 (+0.03, +2.4%) with 690,000 shares done on 6 Oct 2020.

Immediate support @ S$1.24, immediate resistance @ S$1.32.



OLAM ~ Bearish Descending Triangle Breakout, interim TP S$1.39

OLAM closed with a hammer @ S$1.82 (+0.02, +1.1%) with 280,000 shares done on 25 Jan 2019.

Immediate support @ S$1.76, Immediate resistance @ S$1.85.



OLAM closed @ S$1.30 on 6 Oct 2020.


Offline zuolun

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Re: Casino Stocks
« Reply #2166 on: October 10, 2020, 10:52:32 AM »
苏小妹:

用云图 + 60SMA 看 OLAM 会比较清楚。


Alternative View:

OLAM ~ Bearish Symmetrical Triangle Breakout, interim TP S$1.05, next TP S$0.85

OLAM closed with a spinning top @ S$1.32 (+0.02, +1.5%) with 1.36m shares done on 9 Oct 2020.

Immediate support @ S$1.24, immediate resistance @ S$1.39.



OLAM ~ Symmetrical Triangle

OLAM closed with a long-legged doji @ S$2.18 (-0.02, -0.9%) with 1.10m shares done on 14 Aug 2018.

Immediate support @ S$2.15, immediate resistance @ S$2.23.


OLAM's share price is now at critical trendline support. If it retests the longterm horizontal support @ S$2.09 again and hits lower @ S$2.00, this could be a STRONG SELL signal.

OLAM ~ Double Top formation

OLAM closed with an inverted hammer @ S$2.13 (+0.02, +0.9%) with 330,000 shares done on 13 July 2018.

Critical support @ S$2.09, immediate resistance @ S$2.14.


Offline zuolun

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Re: Casino Stocks
« Reply #2167 on: October 10, 2020, 11:31:12 AM »
OLAM Vs IndoAgri ~ Bearish Symmetrical Triangle Chart Pattern
• In technical analysis, history repeats itself. The theory behind chart pattern is based on this assumption.
• The idea is that certain patterns repeat many times, and that these patterns signal a certain high probability move in a stock.
• Based on the historic trend of a chart pattern setting up a certain price movement, look for these patterns to identify trading opportunities.

OLAM ~ Bearish Symmetrical Triangle Breakout, interim TP S$1.05, next TP S$0.85

OLAM closed with a spinning top @ S$1.32 (+0.02, +1.5%) with 1.36m shares done on 9 Oct 2020.

Immediate support @ S$1.24, immediate resistance @ S$1.39.



IndoAgri (weekly) ~ Symmetrical Triangle formation



IndoAgri closed @ S$0.285 on 9 Oct 2020.



Bullish and Bearish Symmetrical Triangle Chart Pattern


Offline zuolun

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Re: Casino Stocks
« Reply #2168 on: October 12, 2020, 11:07:24 AM »
Businesses that are disappearing ~ 4 Aug 2020
https://blog.cheapism.com/dying-industries

DairyFarm ~ Trading in a downward sloping channel, interim TP US$3.42, next TP US$2.60

DairyFarm closed with a spinning top @ US$3.88 (-0.06, -1.5%) with 1.23m shares done on 9 Oct 2020.

Immediate support @ US$3.65, immediate resistance @ US$4.05.



DairyFarm ~ Trading in a downward sloping channel, interim TP US$3.80

DairyFarm gapped down and closed with a black marubozu @ US$4.30 (-0.34, -7.3%) with 1.78m shares done on 9 Mar 2020.

Immediate support @ US$4.15, immediate resistance @ US$4.64.


香港置地:理论上可以用161.8%斐波纳契回撤线作为最悲观的預測。

Hongkong Land profit plunged 63% to US$411m from US$1.12b in H1 ~ Aug 2019
https://www.msn.com/en-sg/money/topstories/hongkong-land-profit-plunged-63-to-5655m-in-h1/ar-AAFdvij

HK Land ~ Bearish Rounding Top Breakout, interim TP @ US$5.30

HK Land closed with a black marubozu @ US$5.57 (-0.17, -3.0%) with 6.41m shares done on 6 Aug 2019.

Immediate support @ US$5.45, immediate resistance @ US$5.71.



蝴蝶形态的威力巨大:香港置地的蝴蝶形态早于去年2017年4月中旬,就已经预示了“卖出信号”。
(The Power of Gartley Pattern: HongKong Land's chart flashed a SELL signal in mid-April 2017)


HongKong Land ~ Bearish Rounding Top Breakout, interim TP US$5.59

HongKong Land closed with a spinning top @ US$6.09 (-0.01, -0.2%) with 1.76m shares done on 19 Oct 2018.

Immediate support @ US$6.04, immediate resistance @ US$6.15.



HongKong Land (weekly) ~ Bearish Bat Pattern



Bearish Bat Pattern


Offline zuolun

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Re: Casino Stocks
« Reply #2169 on: October 15, 2020, 08:32:03 AM »
Covid-19 related writedown sends SPH into red ink of $83.7 mil, dividend slashed ~ 13 Oct 2020
https://www.theedgesingapore.com/news/results/covid-19-related-writedown-sends-sph-red-ink-837-mil-dividend-slashed
  • SPH reported a loss of $83.7m for the full year ended 31 Aug 2020 (FY20), reversing earnings of $213.2m a year ago.
  • Revenue was down 9.8% y-o-y to $865.7m. Its media business suffered a 22.8% y-o-y decline.
  • Operating earnings for the year came in at $110.3m, down 41% y-o-y.
  • SPH announced a final dividend of just 1 cent, down from 6.5 cents paid in the preceding year.
  • The red ink was largely caused by a non-cash fair value charge of $232m on its properties.
  • The valuation of its retail malls was reduced by $196.5m and the students’ accommodation assets reduced by $31.9m.
  • Without the government grants of S$68.5m through the Jobs Support Scheme, SPH’s net loss would have been much higher.
SPH ~ Trading in a downward sloping channel, interim TP S$0.89, next TP S$0.67

SPH closed with a black marubozu @ S$1.00 (-0.05, -4.8%) with high volume done at 44.0m shares on 14 Oct 2020.

Immediate support @ S$0.95, immediate resistance @ S$1.03.



SPH closed @ S$1.00 on 14 Oct 2020.


Offline zuolun

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Re: Casino Stocks
« Reply #2170 on: October 15, 2020, 09:42:54 AM »
How to Shortsell, Trade Example
https://www.youtube.com/watch?v=FFwkfsyc5tU

SPH closed @ S$1.00 (-0.05, -4.8%) on 14 Oct 2020.



SPH's FY2020 earnings: Total dividend slashed by 79% on the back of first net loss ~ 14 Oct 2020
https://www.owler.com/reports/seedly/seedly-blog-sph-s-fy2020-earnings--total-dividend-/1602615492281
Operating revenue fell 9.8% year-on-year to S$865.7 million while operating profit plunged 41%.
SPH saw a net loss of S$83.7 million in FY2020, compared to a net profit of S$213.2 million a year ago.
Total dividend for FY2020 at 2.5 Singapore cents per share, down from 12 cents in FY2019.

IAS 40 Investment Property
https://www.ifrs.org/issued-standards/list-of-standards/ias-40-investment-property
The lion’s share of SPH's FY2020 loss arose from fair value losses in its property investments.
Under the fair value model, investment property is remeasured at the end of each reporting period.
Changes in fair value are recognised in profit or loss as they occur.


Offline zuolun

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Re: Casino Stocks
« Reply #2171 on: October 20, 2020, 09:14:11 AM »
Earnings growth from Axiata's emerging markets offsets slowdown at Celcom: Moody's ~ 16 Oct 2020
https://www.nst.com.my/business/2020/10/632744/earnings-growth-axiatas-emerging-markets-offsets-slowdown-celcom-moodys
Celcom currently contributes 26% of Axiata's consolidated revenue and 23% of consolidated Ebitda.

Axiata forecasts full year profit drop ~ 28 Aug 2020
https://www.mobileworldlive.com/asia/asia-news/axiata-forecasts-full-year-profit-drop
  • CEO Jamaludin Ibrahim estimated the pandemic lowered operating revenue by about MYR400 million ($95.8 million) in H1, adding it expects low single-digit percentage declines in revenue and EBITDA for the full year.
  • Net profit in Q2 dropped 63.7% year-on-year to MYR80 million on higher depreciation and amortisation costs and lower one-off gains.
  • Group revenue declined 5.9% to MYR5.79 billion due to the impact of lockdown measures across all its markets.
  • All operating companies registered declines in revenue, except XL and infrastructure unit edotco.
Axiata ~ Trading in a downward sloping channel, TP RM2.36

Axiata closed with a spinning top unchanged @ RM2.72 with 3.12m shares done on 19 Oct 2020.

Immediate support @ RM2.65, immediate resistance @ RM2.85.



Axiata closed @ RM2.72 on 19 Oct 2020.


Offline zuolun

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Re: Casino Stocks
« Reply #2172 on: October 20, 2020, 11:05:05 AM »
Singtel JV company sells telecommunications towers for S$950 mil ~ 16 Oct 2020
https://www.theedgesingapore.com/news/company-news/singtel-jv-company-sells-telecommunications-towers-950-mil
  • Singtel announced that its JV company, Telkomsel, which it has a 35% stake in, has entered into a sale and purchase agreement for the sale of 6,050 telecommunication towers to Mitratel S$950m.
  • Under the agreement, Telkomsel has also entered into a 10-year lease arrangement with Mitratel for rental of tower space, which will take effect from the transfer of the respective towers to Mitratel.
  • The transaction is expected to be completed by 1Q2021.
With no subscriber churn, Bharti Airtel, Vi unlikely to match Jio post-paid offers ~ 11 Oct 2020
https://indianexpress.com/article/business/companies/with-no-subscriber-churn-bharti-airtel-vi-unlikely-to-match-jio-post-paid-offers-6720108/
Bharti Airtel and Vodafone Idea (Vi) might be facing tough competition from Reliance Jio, but they are unlikely to rework their post-paid tariff plans anytime soon by either lowering rates, offering more data, or bundling them with free subscription of OTTs like Netflix to match offers by Jio.

Telkom Indonesia targets data center business growth amid waning legacy revenue ~ 1 Oct 2020
https://w.media/news/telkom-indonesia-targets-data-center-business-growth-amid-waning-legacy-revenue/
The revenue for Telkomsel’s SMS, fixed and cellular voice segment fell by 27.5% this year, while their data, Internet and technology services segment grew by 6.8%. Telkomsel's digital business segment grew by 13.4% in the first half of 2020, echoing the noticeable shift towards digital solutions during the COVID-19 pandemic.

Singtel 'to sell $1.7b Aussie telecoms tower assets' ~ 4 Apr 2020
https://www.straitstimes.com/business/companies-markets/singtel-to-sell-17b-aussie-telecoms-tower-assets

Singtel ~ Trading in a downward sloping channel, interim TP S$1.98, next TP S$1.73

Singtel closed with a spinning top @ S$2.15 (-0.02, -0.9%) with 18.6m shares done on 19 Oct 2020.

Immediate support @ S$2.08, immediate resistance @ S$2.20.



Singtel @ S$2.15 on 19 Oct 2020.


Offline zuolun

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Re: Casino Stocks
« Reply #2173 on: October 20, 2020, 11:20:44 AM »
Axiata vs. Singtel ~ Bearish Descending Triangle Chart Pattern
• In technical analysis, history repeats itself. The theory behind chart pattern is based on this assumption.
• The idea is that certain patterns repeat many times, and that these patterns signal a certain high probability move in a stock.
• Based on the historic trend of a chart pattern setting up a certain price movement, look for these patterns to identify trading opportunities.

Axiata ~ Trading in a downward sloping channel, TP RM2.36

Axiata closed with a spinning top unchanged @ RM2.72 with 3.12m shares done on 19 Oct 2020.

Immediate support @ RM2.65, immediate resistance @ RM2.85.



Singtel ~ Trading in a downward sloping channel, interim TP S$1.98, next TP S$1.73

Singtel closed with a spinning top @ S$2.15 (-0.02, -0.9%) with 18.6m shares done on 19 Oct 2020.

Immediate support @ S$2.08, immediate resistance @ S$2.20.



Axiata closed @ RM2.72 on 19 Oct 2020.



Singtel @ S$2.15 on 19 Oct 2020.


Offline zuolun

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Re: Casino Stocks
« Reply #2174 on: October 21, 2020, 08:57:53 AM »
China's NGTC and Sarine launch co-branded light performance grading report ~ 15 Sep 2020
http://sarine.listedcompany.com/news.html/id/797708

Sarine records net profit of US$1.2m in H1 2020 ~ 6 Aug 2020
http://sarine.listedcompany.com/newsroom/20200806_214423_U77_ZDJ53U90AXMYB3JD.1.pdf
Sarine reports revenues of US$22.4m and net profit of US$1.2m in H1 2020.
This compares favourably with revenues of US$22.5m and a net loss of US$2.8m reported in H1 2019.

Sarine Tech Insider Trades
https://sarine.listedcompany.com/stock_insider.html
Sarine Tech resumed share buy-back, prices done bet. S$0.184 to S$0.24 from 30 March 2020 to 14 May 2020.

Sarine Tech ~ Trading in an intermediate upward sloping channel

Sarine Tech closed with an inverted hammer unchanged @ S$0.285 with 610,000 shares done on 20 Oct 2020.

Immediate support @ S$0.275, immediate resistance @ S$0.305.



Sarine Tech closed @ S$0.285 on 20 Oct 2020.





Offline zuolun

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Re: Casino Stocks
« Reply #2175 on: October 23, 2020, 01:01:04 PM »
Lippo Malls Reit announced up to US$75m term loan facility ~ 22 Oct 2020
https://links.sgx.com/FileOpen/20201022_-_Commitment_Letter_USD75m_Term_Loan_Facility.ashx?App=Announcement&FileID=636088

Lippo Malls Reit proposes $280m rights issue ~ 22 Sep 2020
https://www.straitstimes.com/business/companies-markets/lippo-malls-reit-proposes-280m-rights-issue
The trust's manager expects to issue about 4.68 billion rights units on a pro rata basis of 160 rights units for every 100 LMIRT units, at an indicative price of six cents apiece. This is a 47.8% discount to the closing price of 11.5 cents on Sept 17, the unit's last trading day prior to Friday's (Sept 18) announcement.

Lippo Malls ~ Bearish Descending Triangle Breakout, TP S$0.06

Lippo Malls closed with a white marubozu @ S$0.085 (+0.001, +1.2%) with 2.08m shares done on 22 Oct 2020.

Immediate support @ S$0.08, immediate resistance @ S$0.09.



Bearish Descending Triangle Chart Pattern



Lippo Malls closed @ S$0.085 on 22 Oct 2020.


Offline zuolun

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Re: Casino Stocks
« Reply #2176 on: October 25, 2020, 05:09:54 PM »
中国又一家千亿集团—华晨汽车,昨天垮了! ~ 24 Oct 2020
https://www.youtube.com/watch?v=8paatmXvg2U

苏小妹:

中国的大型企业为什么一般都会有三本账簿?


中国工商银行 (ICBC) 代销 “鹏华聚鑫资管计划” 全线违约,总规模或超40亿 ~ 17 Oct 2020
https://www.youtube.com/watch?v=61gAk1sPsKg

CDL ~ Trading in a downward sloping channel, interim TP S$6.00, next TP S$4.75

CDL closed with a spinning top @ S$7.04 (+0.04, +0.6%) with 3.14m shares done on 23 Oct 2020.

Immediate support @ S$6.50, immediate resistance @ S$7.15.



CDL closed @ S$7.04 on 23 Oct 2020.



Citing disagreements over investment in China, Kwek Leng Peck quits CDL's board ~ 21 Oct 2020
https://www.theedgesingapore.com/news/company-news/citing-disagreements-over-investment-china-kwek-leng-peck-quits-cdls-board

CDL's investment in Sincere Property Group (协信远创) consists of:
A 51% stake in Sincere for RMB4.4b (S$896.8m) which was obtained earlier this year in April.
A subscription of US$230 million (S$312 million) worth of bonds.
A working capital loan of RMB650 million (S$132.26 million).
Provision of RMB1.5b (S$305.2m) in liquidity support undertaking for Sincere's bonds maturing on Oct 26, 2020.
A RMB1.5b (S$305.2m) corporate guarantee in relation to an external bank loan taken out by Sincere.



CDL Hospitality Trusts divests Novotel Brisbane for S$66.4 million ~ 21 Oct 2020
https://www.theedgesingapore.com/news/property/cdl-hospitality-trusts-divests-novotel-brisbane-664-million

IReit Global raises S$142.8m in rights issue to fund Spain purchase, repay CDL loan ~ 20 Oct 2020
https://www.owler.com/reports/ireit-global-group-pte.-ltd./ireit-global-rights-issue-raises-s-142.8m-to-fund-/1603169360374

协信远创:上半年净利润下降 793.8% 资产负债率升至 80.45% ~ 30 Aug 2020
http://www.myzaker.com/article/5f4cc37b8e9f093fab284427/


Offline zuolun

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Re: Casino Stocks
« Reply #2177 on: October 27, 2020, 08:20:12 AM »
风水輪流轉

What does Kwek Leng Peck's resignation mean for CDL's share price?

CDL is trading at steep discount to NAV, but its ROEs have declined significantly over the past decade

CDL closed @ S$6.87 (-0.17, -2.4%) on 26 Oct 2020.



How to Shortsell, Trade Example
https://www.youtube.com/watch?v=FFwkfsyc5tU


Offline zuolun

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Re: Casino Stocks
« Reply #2178 on: October 27, 2020, 09:51:15 AM »
Zuolun bro,

B61 got in ard 4.65

B69, UD1U and B61 = 3 headless houseflies response to light = 3只无头苍蝇见光死! :thumbsdown:

If you had known Bukit Sembawang (B61) is a value trap, you wouldn't have done it.

What is a value trap?
https://www.investopedia.com/terms/v/valuetrap.asp

Bukit Sembawang ~ Trading in a downward sloping channel, interim TP S$3.40, next TP S$3.20

Bukit Sembawang closed with a shooting star @ S$3.66 (+0.02, +0.5%) with 660,000 shares done on 26 Oct 2020.

Immediate support @ S$3.61, immediate resistance @ S$3.75.



Bukit Sembawang closed @ S$3.66 on 26 Oct 2020.



Cautionary tale of research reports
http://www.thestar.com.my/business/business-news/2016/02/27/cautionary-tale-of-research-reports/

Broker's take: DBS says Bukit Sembawang land bank undervalued, initiates with 'buy'

By Vivienne Tay
Fri, Oct 23, 2020 - 12:41 pm

DBS Group Research has initiated coverage on Bukit Sembawang Estates with "buy" and a S$5.44 target price.

The research team said the property developer's large land bank is undervalued and able to last another decade. The land is pegged at "extremely low" historical cost valuation. DBS estimates a revalued net asset value of S$12.10 per share.

Bukit Sembawang's land bank, which is slated for landed property, is estimated to be over 235,000 square metres.

DBS also said the stock offers "compelling value", trading at a price-to-book ratio of 0.7 times near -2 standard deviation of historical means.

Moreover, dividend normalisation is a catalyst for Bukit Sembawang, DBS analyst Derek Tan said. With strong sales across its landed development projects in the past year and a pipeline of new projects, the research team believes Bukit Sembawang may eventually raise dividends back to the 18 to 33 Singapore cents per share range, implying a "Reit-like" yield of 5 to 9 per cent.

"As Bukit Sembawang's land bank is utilised, we estimate that long-term investors could receive some 70 per cent of their capital from holding on to Bukit Sembawang for the next decade," Mr Tan said.

The property developer’s move to pivot its business model to build a recurring income base will also boost dividends, DBS said. This could generate revenues of about S$11 million per annum, DBS said. The group will debut this strategy with its serviced apartment Fraser Residence Orchard.

With an almost net cash balance sheet, Bukit Sembawang can gear up to fund acquisitions. Assuming a target net debt-to-equity ratio of 0.3 to 0.6 times, the group has potential debt-funded headroom of about S$360 million to S$750 million, Mr Tan said.

Shares of mainboard-listed Bukit Sembawang were trading up 3.1 per cent or S$0.11 to S$3.62 as at 1.38pm on Friday.

Offline zuolun

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Re: Casino Stocks
« Reply #2179 on: October 27, 2020, 10:20:03 AM »
Zuolun bro,

B61 got in ard 4.65

B69, UD1U and B61 = 3 headless houseflies response to light = 3只无头苍蝇见光死! :thumbsdown:

Technical analysis says Bukit Sembawang (B61) is a bull trap.

What is a bull trap?
https://www.investopedia.com/terms/b/bulltrap.asp

Bukit Sembawang (B61) hit a high of S$5.90 on 21 Jun 2019 and closed @ S$4.59 on Friday 7 Feb 2020.



Bukit Sembawang closed @ S$3.66 on 26 Oct 2020.


Offline zuolun

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Re: Casino Stocks
« Reply #2180 on: October 29, 2020, 12:12:23 PM »
「此一时彼一时」

Dorm operator Centurion Corp gets a thumbs up from UOB Kay Hian ~ 22 Oct 2020
https://www.theedgesingapore.com/capital/brokers-calls/dorm-operator-centurion-corp-gets-thumbs-uob-kay-hian
UOB Kay Hian initiate coverage on Centurion with a BUY, TP S$0.44 (+30.7%) from closing price of S$0.34 on 16 Oct 2020.

Student housing in the UK is no longer a ‘bullet-proof’ investment after the coronavirus crisis ~ 3 Jun 2020
https://www.cnbc.com/2020/06/03/covid-crisis-student-housing-at-risk-as-universities-move-online.html
  • It’s currently unclear how higher education will work in the upcoming academic year and without students attending face-to-face classes, on top of the travel restrictions, the crisis is weighing on this niche investment opportunity.
  • Unite Students, one of the largest student accommodation providers in the U.K., said in April it expected a loss between 16% and 20% in rents for the 2019/20 academic year.

I will never buy Centurion at current price because from a TA perspective, it's at the last leg of the impulsive Wave-5.

Coupled with the 74,791,734 outstanding company warrants with an exercise price of S$0.50 per share issued on 27 Oct 2013 had already expired on 27 Oct 2017, i.e. the immediate support @ S$0.50 is shaky.

Centurion has a high gearing of 64%, bond investors would be better off than stock investor as its 85 million 2020 Singdollar bonds issued on 12 Apr 2017 pay 5.25% interest.

Centurion ~ Trading in a downward sloping channel, interim TP S$0.305, next TP S$0.275

Centurion closed with a black marubozu @ S$0.32 (-0.015, -4.5%) with 810,000 shares done on 28 Oct 2020.

Immediate support @ S$0.315, immediate resistance @ S$0.34.



Centurion closed @ S$0.32 on 28 Oct 2020.


Offline zuolun

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Re: Casino Stocks
« Reply #2181 on: November 01, 2020, 08:53:15 AM »
什么是本益比(P/E Ratio)?
https://investmentschool.com.my/1346/%E4%BB%80%E4%B9%88%E6%98%AF%E6%9C%AC%E7%9B%8A%E6%AF%94pe-ratio%EF%BC%9F/
本益比(price/earning,简称P/E)是某种股票普通股每股市价(股价)与每股盈利的比率。
也称 “股价收益比率”或“市价盈利比率(简称市盈率)”。
英文用PER表示。其计算公式为:本益比=股票市价/每股纯利(年)

例子:一间上市公司拥有100万股,2012年度公司盈利为50万。

每股盈利就等于 50万÷100万 = 0.50 (每股分得0.50的盈利)

EPS (Earning Per Share) 就是0.50

如果该公司闭市价格为RM2.00

本益比就是2.00/0.50 = 4倍

**本益比其实就是回本年份,如果该股本益比为4倍,代表我们购买该股,4年才能回本。

Nanofilm IPO turns former NTU professor into a billionaire ~ 30 Oct 2020
https://www.straitstimes.com/business/companies-markets/nanofilm-ipo-turns-former-ntu-professor-into-a-billionaire
Dr Shi's fortune, mainly made up of the 53% Nanofilm stake he holds with his wife, has surged to almost US$880m (S$1.2b).

5 things to know about Nanofilm Technologies’ IPO ~ 29 Oct 2020
https://www.asiaone.com/money/5-things-know-about-nanofilm-technologies-ipo
**The forward price-earnings ratio for the company’s shares is thus around 42 times.[/b][/color]

Nanofilm's IPO more than 23 times subscribed ~ 29 Oct 2020
https://www.theedgesingapore.com/news/ipo/nanofilms-ipo-more-23-times-subscribed


Offline zuolun

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Re: Casino Stocks
« Reply #2182 on: November 01, 2020, 09:25:05 AM »
MAYBANK (1155) P/E ratio @ 11x ~ 30 Oct 2020
https://www.klsescreener.com/v2/stocks/view/1155
本益比其实就是回本年份,如果该股本益比为11倍,代表我们购买该股,11年才能回本。



MAYBANK closed @ RM7.00 on 30 Oct 2020.


Offline zuolun

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Re: Casino Stocks
« Reply #2183 on: November 03, 2020, 07:15:19 AM »
Fountains of Bellagio "My heart will go on"
https://www.youtube.com/watch?v=zhHMUKn5dhQ

Capitaland ~ Trading in a downward sloping channel, interim TP S$2.46, next TP S$1.79

Capitaland closed with a black marubozu @ S$2.51 (-0.06, -2.3%) with 19.6m shares done on 2 Nov 2020.

Immediate support @ S$2.46, immediate resistance @ S$2.60.



Capitaland ~ Trading in a downward sloping channel, interim TP S$2.46,next TP S$1.79

Capitaland closed with a spinning top @ S$2.85 (-0.01, -0.3%) with 7.66m shares done on 20 Jul 2020.

Immediate support @ S$2.80, immediate resistance @ S$2.92.



Capitaland closed @ S$2.51 on 2 Nov 2020.


Offline zuolun

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Re: Casino Stocks
« Reply #2184 on: November 04, 2020, 06:53:27 PM »
Is the Medishield Life really a shield against medical costs? Or is it really a battering ram to already tight pockets? ~ 1 Oct 2020
https://www.onlinecitizenasia.com/2020/10/01/is-the-medishield-life-really-a-shield-against-medical-costs-or-is-it-really-a-battering-ram-to-already-tight-pockets/
The Medishield Life Council has just announced a whole raft of potential changes to Singapore’s national health insurance scheme that can see premiums rise by 35%.

Are Singaporeans getting ripped off by their Social Welfare Programs? ~ 8 Sep 2020
https://international.thenewslens.com/article/140291
Even though the money in Singapore's retirement and health insurance schemes continues to grow, Singaporeans can only withdraw a pathetically small amount. According to the CPF Board, the total CPF balance for retirement purposes (not including Medisave) grew from S$89 billion in 2006 to S$322 billion last year. However, annual withdrawals for retirement purposes only grew from S$2.8 billion to S$6.5 billion. Similarly, for Medisave, the balance grew from S$77 billion in 2015 to S$103 billion last year, while annual withdrawals for direct medical expenses barely grew — from S$0.9 billion to S$1.1 billion.





A very unhappy Singaporean

October 28th, 2020

I was told that in order to be entitled to claim from the Medishield Life Compulsory Government Scheme that I would have to stay for a complete day in the ward and so I did.

But as you can see from the invoice as I have attached, instead of deducting from the Medishield Life Scheme, the hospital chose to dig $450 from my Medisafe Saving instead.

The statement read:

PATIENT IS COVERED UNDER MEDISHIELD LIFE

MEDISHIELD / MEDISHIELD LIFE CLAIMABLE AMOUNT COMPUTED IS LESS THAN OR EQUAL TO THE DEDUCTIBLE THERE IS NO PAYOUT FROM MEDISHIELD / MEDISHIELD LIFE.




So, it seems the preference is to dig from the Medisave saving until it dries up. There are so many hidden agenda and conditions that nobody, even the hospital doctor or nurse could reasonably understand how the scheme works, since I was actually advised by them.

So, I charge that either those deductibles are hidden as “Govt Grants” or the entire Medishield Life is but a USELESS PIECE OF HOAX. After paying so much money every year for the stupid scheme, there is ZERO pay-out, not helping the citizen in any way at all. This is entirely cannot be accepted.

Hence the Government must allow Singaporeans to withdraw from such fake and useless scheme. As the invoice had shown, Medishield Life provides ZERO help in time of need.

Offline zuolun

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Re: Casino Stocks
« Reply #2185 on: November 07, 2020, 10:10:59 AM »
Hong Kong supermarket chain Wellcome plans HK$80m giveback scheme to help needy amid Covid-19 pandemic ~ 28 Oct 2020
https://www.scmp.com/news/hong-kong/society/article/3107491/hong-kong-supermarket-chain-wellcome-plans-hk80-million
Wellcome, which is operated by Jardine Matheson through Dairy Farm, announced on Wednesday (Oct 28) 2m cash and meal vouchers would be distributed through more than 70 charities.

DairyFarm ~ Trading in a downward sloping channel, interim TP US$3.40

DairyFarm closed with a white marubozu @ US$4.08 (+0.16, +4.1%) with 1.78m shares done on 6 Nov 2020.

Immediate support @ US$3.88, immediate resistance @ US$4.12.



DairyFarm ~ Trading in a downward sloping channel, interim TP US$3.80

DairyFarm gapped down and closed with a black marubozu @ US$4.30 (-0.34, -7.3%) with 1.78m shares done on 9 Mar 2020.

Immediate support @ US$4.15, immediate resistance @ US$4.64.



DairyFarm closed @ US$4.08 on 6 Nov 2020.


Offline zuolun

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Re: Casino Stocks
« Reply #2186 on: November 07, 2020, 10:56:32 AM »
Hong Kong supermarket chain Wellcome plans HK$80m giveback scheme to help needy amid Covid-19 pandemic ~ 28 Oct 2020
https://www.scmp.com/news/hong-kong/society/article/3107491/hong-kong-supermarket-chain-wellcome-plans-hk80-million
Wellcome, which is operated by Jardine Matheson through Dairy Farm, announced on Wednesday (Oct 28) 2m cash and meal vouchers would be distributed through more than 70 charities.

保就業計劃︱惠康母企獲批近4億元補貼擸最多 百佳獲1.61億元 ~ 22 Oct 2020
https://hk.appledaily.com/local/20201022/7V7LK47DZJAMHM5DCKP6ON4L64/

Retailers take large chunk of wage subsidies again ~ 22 Oct 2020
https://news.rthk.hk/rthk/en/component/k2/1556067-20201022.htm
The parent company of Wellcome, Dairy Farm, is getting almost HK$400m.
ParknShop comes second in this current batch, getting HK$162m.
Third-placed Watsons Retail receives HK$71m.



Coronavirus: Hong Kong’s two largest supermarket chains to dish out cash coupons in exchange for wage subsidies, but critics say it is not enough ~ 22 Sep 2020
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3102566/coronavirus-hong-kongs-two-largest-supermarket
Wellcome will roll out HK$120m worth of sweeteners, while keeping the price of 300 daily necessities unchanged for 6 months.
ParknShop says it will offer HK$40m worth of food coupons to about 200,000 people including needy families, the elderly and disabled.

Wellcome among the employers taking part in second round of wage subsidies, as number of applicants drops by 57% ~ 14 Sep 2020
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3101464/wellcome-among-employers-taking-part-second-round
One of Hong Kong’s biggest supermarket chains, Wellcome, will participate in the latest round of HK$81 billion (US$10.3 billion) wage subsidies, conceding to government demands to offer discounts in return, the Post has learned, even as the total number of applications for the scheme dropped significantly. The upcoming batch of subsidies will be rolled out between September and November.


Offline zuolun

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Re: Casino Stocks
« Reply #2187 on: November 15, 2020, 11:15:57 AM »
Vulture funds buy up bonds of China state-owned enterprises

Default of two industrial groups triggers plunge in prices of corporate debt

By Sun Yu
15 Nov 2020

Beijing -- Vulture funds are racing to purchase bonds of troubled Chinese language state-owned enterprises, after a pointy sell-off sparked by a big coal mining group’s default on a Rmb1bn ($156m) debt difficulty.

Yongcheng Coal & Electrical energy, a coal miner in central Henan province, one in all China’s most populous provinces with greater than 95m folks, defaulted on Friday. This was simply weeks after Brilliance Auto, a carmaker owned by the Liaoning provincial authorities, introduced it might not be capable to repay a three-year Rmb1bn bond.

The default of the 2 teams has triggered a plunge in costs of state-backed company debt as worldwide and onshore traders grappled with the prospect of China’s central authorities stepping again from its conventional function as a security internet for native authorities companies.

Beijing faces a problem in attempting to handle the stress on SOEs, significantly firms managed by provincial and municipal governments which are struggling financially throughout the Covid-19 pandemic.

“The central authorities received’t permit the scenario to deteriorate as that would result in systemic dangers,” mentioned David Huang, a Shanghai-based bond fund supervisor who spent Rmb20m to purchase a three-year observe by Brilliance Auto for 20 cents on the greenback. “That creates an funding alternative.”

Different traders, nevertheless, seen the defaults as an indication that authorities bailouts of distressed state firms, as soon as taken without any consideration by most traders, might now not be assured. “Our funding determination had been primarily based on the assumption that triple-A rated state companies are protected investments no matter their fundamentals,” mentioned the chief rankings officer at a Shanghai-based bond fund. “That’s now not the case.”

Traders mentioned they have been alarmed by the defaults partly as a result of most of the SOEs had beforehand boasted seemingly sturdy fundamentals. Each Yongcheng and Brilliance acquired triple A rankings and every had greater than Rmb20bn money on their steadiness sheet, in response to their most up-to-date monetary statements.

Neither firm replied to requests for feedback.

“What else can we belief if each the score companies and monetary statements aren’t credible?” requested the Shanghai fund supervisor.

Traders have been additionally unnerved that Yongcheng and Brilliance have spun off worthwhile belongings earlier than defaulting, together with Brilliance’s shares within the BMW three way partnership.

“This has set a nasty instance, that the SOEs will be as irresponsible as non-public companies in avoiding debt fee,” one Yongcheng creditor mentioned.

Managers of vulture funds, which concentrate on distressed belongings, advised the Monetary Occasions they’d positioned “vital” buy orders for bonds issued by struggling SOEs.

Vulture traders nonetheless anticipate regional governments to step in. “In the event that they let Yongcheng or Brilliance go beneath, no state companies in Henan or Liaoning will ever be capable to faucet the bond market once more,” mentioned Mr Huang. “The federal government received’t let that occur.”

China's big banks face fallout as pandemic forebearance expires ~ 30 Aug 2020
https://www.reuters.com/article/us-china-banks-idUSKBN25Q0EO
  • Second-quarter loan-loss provisions were up 61% to 436% compared to the same period last year at ICBC, CCB, AgBank and BoC, data from China International Capital Corp (CICC) showed.
  • Non-performing loan (NPL) ratios rose at the big five banks during the reporting period, with ICBC’s increasing to 1.5% by the end of June from 1.43% three months earlier, and that of CCB rising by 0.07 percentage points in second quarter to 1.49%.
Vulture funds poised to swoop in on non-performing loans in China

Pragmatic government needs foreign money to tackle high level of distressed debt

By Yusho Cho, Nikkei staff writer
August 9, 2020 18:29 JST

Shanghai -- The specter of non-performing loans is once again looming over China.

The volume of distressed debt, which was already rising due to the economic slowdown since last year, is likely to grow further with financial authorities requesting banks to more actively lend money to businesses hit by the novel coronavirus outbreak. And foreign distressed debt investors, often called vulture funds, see opportunity. The government tolerates foreign money as it supports the economy, putting China on the global front line for investing in bad loans.

The 19-story Shuibo Hotel stands in the center of Kunshan, a city in Jiangsu Province, some 70 km west of Shanghai. The marble-floored lobby seems luxurious, but a closer look reveals stains and cracks. Lighting is kept to a minimum even in the evening. The 300-seat restaurant is closed.

A reservation website shows that an overnight stay at the hotel costs between 300 yuan and 400 yuan ($43-$58). It's more expensive than business hotels nearby, which charge around 200 yuan per night. "We hadn't been paid. But the hotel became a quarantine facility for COVID-19 patients in February and March with financial support of 2.8 million yuan from the local government. It gave us a new lease on life," said an employee at a cafe in the hotel, the only business that was open.

The hotel is one of the properties put on sale by China Great Wall Asset Management, a government-backed bad loan disposal company. Having bought the hotel from the Industrial and Commercial Bank of China for 70 million yuan several years ago, the management company is looking for an investor to buy the property for 120 million yuan. "The price is just for show. An institutional investor came to see the hotel recently," boasted a source close to the company. Local authorities apparently ask that the hotel be kept open for the sake of employment. Presentation to potential investors may be another reason.

The Shuibo Hotel is just one example of the non-performing loans at Chinese financial institutions. The outstanding volume of such debt held by commercial banks stood at 2.6 trillion yuan as of the end of March. Loans categorized as "at risk" amounted to 4.1 trillion yuan. Analysts agree that many of the at-risk loans in China have in reality become distressed. The combined volume of non-performing and at-risk loans exceeds 100 trillion yen ($950 billion). PricewaterhouseCoopers estimates that the volume of broadly defined NPLs held by banks and disposal companies reached $1.5 trillion in 2019.



As a point of comparison, Japanese financial institutions held non-performing loans worth a combined 52 trillion yen ($492 billion) at their peak in 2002. Even when the gap in the economic size of Japan and China is taken into account, excessive debts and bad loans are obviously the Achilles' heel of the Chinese economy.

Another government-backed disposal company, China Orient Asset Management, says average market prices of distressed debts were around 30% of their book value in 2019, down about 10% from the year before. The falling prices have drawn the attention of foreign investors.

Oaktree Capital Management, Bain Capital, Lone Star Funds and Goldman Sachs purchased Chinese non-performing loans totaling $1.1 billion last year, according to PwC. Assuming that their market value is one-third of their book value, the loans are worth 350 billion yen. Separately, these investors reportedly spent at least $2.5 billion on refinancing bonds with higher credit risks and mortgage-backed securities.

Thus, it can be said that the second act of foreign investment in Chinese bad loans has begun. The first took place in the early 2000s when bad loans accounted for between 20% and 40% of outstanding loans held by state-run banks. The government set up disposal companies, and transferred 1.4 trillion yuan of distressed debt to them. Goldman Sachs is one of the foreign entities that took charge of the final stage of disposal.

But vulture funds left China after the 2008 global financial crisis. So why are they coming back now? "Falling prices of NPLs have led to an internal rate of return of around 15%, which foreign funds want to achieve," says Li Jiaqi, an executive at China Ping An Trust, a Ping An Insurance subsidiary providing intermediary services for distressed debt transactions.

The investment environment has turned favorable for them, as the U.S.-China "Phase One" trade agreement signed in January allows American investment funds to purchase NPLs directly from Chinese banks, on condition that they obtain a license from Chinese authorities. The first fund to do so was Oaktree in February. As the economic slowdown is causing the volume of non-performing loans to grow, authorities have changed tack to utilize foreign money. As a result, U.S. companies are getting more investment opportunities in China.

Foreign investors, however, don't have a magic wand that turns Chinese bad loans into money, says Li. "Actually they are less capable than domestic disposal companies, partly because of human resource shortages. What they are doing is mostly selling collateralized property," Li says.

One company symbolizes the difficulty of collecting debts. Jiangsu Sanyuan Stainless Steel Products is located in a village in the city of Taizhou in Jiangsu. It was supposed to have been liquidated in the spring of 2017, but factory operations are continuing at one-third of capacity. The Bank of China, which had extended a loan of 12 million yuan, exercised its right and tried to sell the property to recover the debt, but it hasn't succeeded.

The office next to the factory was cluttered with toys, while children of managers and employees ran around. From seemingly out of nowhere, company representative Gu Yuming suddenly appeared. "This is a farming village," Gu said. "Some of the land is collectively owned, which means a sales contract cannot be signed without approval from the village committee."

The committee chair, Gu's relative, has reportedly promised not to approve the sale as long as the company maintains employment. A Bank of China document shows that the lender has lowered the appraisal value of its loan to the company to virtually zero.

That foreign investors are taking on the hard task of debt collection suggests that it brings in worthy returns. One source says Bain and Oaktree have succeeded in raising new funds. But the pandemic prevents investors from coming to inspect properties, which could possibly lead to a year-on-year decline in investment volume in 2020. While bank supervision authorities forecast a surge in non-performing loans, many think that vulture funds will be in full operation mode from next year.

Interestingly, the U.S.-China confrontation has had little impact on fund activities. There's only one reason that pragmatic China allows foreign investors to operate: it needs money for bad loan disposal. A PricewaterhouseCoopers report discloses that a government-affiliated disposal company wanted to sell distressed debts even if doing so generates a secondary loss. A critical point is approaching.

China to open US$1.5 trillion distressed debt market as it braces for bad loan blowout ~ 30 Mar 2020
https://www.scmp.com/economy/china-economy/article/3077562/coronavirus-china-open-us15-trillion-distressed-debt-market
  • China’s distressed debt market could see an increase of sour loans this year as the economic impact of the coronavirus hits small businesses and the property sector.
  • PwC estimates that China’s banks and asset management companies hold about US$1.5 trillion of bad debt and other distressed assets, up from US$1.4 trillion in 2018.
By Karen Yeung
30 Mar 2020

Ever since the coronavirus outbreak began eating away at his business, Zhu Bo has been making plans about how to keep his small financial information and social media company afloat.

He stopped paying rent for the office space his firm occupies in one in one of Shanghai’s oldest commercial districts about two months ago, and, as losses began piling up, he halted projects for the foreseeable future and asked staff to take a month’s unpaid leave.

Now, with news that prominent customers plan to halve their advertising spending this year, he is considering laying off some employees and is anxiously waiting to hear if his landlord will let him delay payments for April.

“Even though my lifestyle seems to be returning to normal, I’m still very cautious,” Zhu said. “There is such big uncertainty for the future of the economy and how that would affect my advertising income.”

While the business outlook may be bleak for Zhu, his situation represents a big opportunity for so-called “special situation” investors in the arcane world of global distressed debt markets.

China’s distressed debt market, which covers businesses that have teetered over into default or bankruptcy and are sold to investors at a discount, is dominated by non-performing loans (NPLs) from the real estate sector, which is expected to grow significantly this year.

While business in China is beginning to return to normal after months of lockdowns and restrictions to contain the coronavirus, the economy is expected to shrink in the first quarter for the first time since 1976.

If gross domestic product (GDP) growth drops to 4.8 per cent this year from 6.1 per cent in 2019, sour debts could result in bad debt formation of about 3.45 trillion yuan (US$486 billion), according to May Yan, head of China global markets at investment bank UBS. If GDP growth fell to 3.2 per cent, then NPL formation the tally could be as much as 5 trillion yuan (US$704.4 billion), Yan said.

WeWork, which provides shared work spaces for start-ups and entrepreneurs, had vacancy rates of 36 per cent in Shanghai, 65 per cent in Shenzhen and 79 per cent in central China’s Xian, the Financial Times reported in October, reflecting just some of China’s speculative property development vulnerable to a collapse in asset prices.

“If tenants delay their office rent, then the question becomes whether the property company has enough cash flow to make their interest payments on bank loans,” said Chen Lau, a partner at global consultancy PwC.

“And if the payments are still not being made, banks can classify these loans as non performing, in which case banks will have the incentive to offload to asset management companies.”

Brock Silvers, managing director of Adamas Asset Management, said that the growth in China’s NPLs began even before the coronavirus outbreak, as economic growth slowed to its lowest pace in nearly three decades.

While most this year’s debt is likely to have been rolled over, Silvers said, the coronavirus may mean a significant portion of that turns into NPLs.

“China is over-indebted and faces massive debt obligations coming due this year,” he said. “China desperately needs the capital. Reforms are already in the works.”

PwC estimated last week that China’s banks and asset management companies (AMCs) currently hold about US$1.5 trillion of NPLs and other distressed assets, up from US$1.4 trillion in 2018.

Financial regulators appear to be accelerating efforts to tackle the bad debt by opening the market up to foreign participants in a bid to attract capital, tightening oversight of the sector, and establishing another national level AMC to join China’s big four.

China is over-indebted and faces massive debt obligations coming due this year.

Brock Silvers

The phase one trade deal signed between the United States and China in January allowed American financial services companies to apply for domestic AMC licenses, a potential game changer for major international players like Bain, Blackstone and Oaktree.

Since 1999, state-owned banks have been selling their bad loans primarily to China’s big four national AMCs, China Cinda Asset Management, China Huarong Asset Management, China Orient Asset Management and China Great Wall Asset Management.

However, these four companies do not have unlimited capital to buy NPLs because of restrictions on their own leverage levels, PwC said.

To help dispose of distressed assets, 53 city and provincial level AMCs came online between 2015 and 2017.

Earlier this month a fifth national AMC, China Galaxy Investment Management, was established. The first new domestic entrant in more than 20 years.

Under the new rules agreed to as part of the phase one deal, foreign asset managers will be able to negotiate directly with local banks, brokers, insurers, rural co-operatives, or financial leasing companies to acquire NPLs, bypassing domestic competitors.

“[China is] potentially giving a more level playing field [to foreign investors] for determining the price [of NPL purchases],” said Ronald Thompson, managing director of Alvarez & Marsal Asia. “But it’s a less tested market from a foreign capital base point of view, which requires higher returns.”

Thomson said that smaller foreign investors may be lukewarm toward the new policy because by establishing a domestic AMC designed to make direct NPL purchases, it would mean keeping the capital in China due to the country’s capital controls.

However, with the impacts of the coronavirus expected to keep reverberating through China’s economy for some time to come, Thompson expects plenty of interest from new players in the field.

“My understanding is some of those global buyers are pretty optimistic and see huge opportunities,” he said. “They are growing teams to buy portfolios for workouts.”

Central Bank: Over 580 high-risk banks in China ~ 13 Dec 2020
https://asiatimes.com/2019/12/more-mergers-than-recapitalizations-for-high-risk-china-banks/
Bank of Jinzhou rescue to become template as mergers favored over recapitalizations.


Offline zuolun

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Re: Casino Stocks
« Reply #2188 on: November 15, 2020, 11:30:15 AM »
Vulture funds buy up bonds of China state-owned enterprises

Default of two industrial groups triggers plunge in prices of corporate debt

By Sun Yu
15 Nov 2020

Beijing -- Vulture funds are racing to purchase bonds of troubled Chinese language state-owned enterprises, after a pointy sell-off sparked by a big coal mining group’s default on a Rmb1bn ($156m) debt difficulty.

Singapore Airlines raises S$850 million through convertible bond issue ~ 13 Nov 2020
https://www.channelnewsasia.com/news/business/singapore-airlines-bond-issue-850-million-investor-13530640
The five-year bonds will carry a coupon of 1.625%.
The offer was more than 4X oversubscribed "with strong investor interest".

SIA Group reports first half net loss of S$3.5 billion as passenger numbers fall by 98.9% amid COVID-19 ~ 6 Nov 2020
https://www.channelnewsasia.com/news/business/covid-19-sia-group-first-half-net-loss-of-3-5-billion-13480628

Gambling with other people’s money

Imagine a superb poker player who asks you for a loan to finance his nightly poker playing. For every $100 he gambles, he’s willing to put up $3 of his own money. He wants you to lend him the rest. You will not get a stake in his winning. Instead, he’ll give you a fixed rate of interest on your $97 loan.

The poker player likes this situation for two reasons. First, it minimizes his downside risk. He can only lose $3. Second, borrowing has a great effect on his investment — it gets leveraged. If his $100 bet ends up yielding $103, he has made a lot more than 3 percent — in fact, he has doubled his money. His $3 investment is now worth $6.

But why would you, the lender, play this game? It’s a pretty risky game for you. Suppose your friend starts out with a stake of $10,000 for the night, putting up $300 himself and borrowing $9,700 from you. If he loses anything more than 3 percent on the night, he can’t make good on your loan.

Not to worry — your friend is an extremely skilled and prudent poker player who knows when to hold ,em and when to fold ,em. He may lose a hand or two because poker is a game of chance, but by the end of the night, he’s always ahead. He always makes good on his debts to you. He has never had a losing evening. As a creditor of the poker player, this is all you care about. As long as he can make good on his debt, you’re fine. You care only about one thing — that he stays solvent so that he can repay his loan and you get your money back.

But the gambler cares about two things. Sure, he too wants to stay solvent. Insolvency wipes out his investment, which is always unpleasant — it’s bad for his reputation and hurts his chances of being able to use leverage in the future. But the gambler doesn’t just care about avoiding the downside. He also cares about the upside. As the lender, you don’t share in the upside; no matter how much money the gambler makes on his bets, you just get your promised amount of interest.

If there is a chance to win a lot of money, the gambler is willing to take a big risk. After all, his downside is small. He only has $3 at stake. To gain a really large pot of money, the gambler will take a chance on an inside straight.

As the lender of the bulk of his funds, you wouldn't want the gambler to take that chance. You know that when the leverage ratio — the ratio of borrowed funds to personal assets — is 32–1 ($9700 divided by $300), the gambler will take a lot more risk than you’d like. So you keep an eye on the gambler to make sure that he continues to be successful in his play.

But suppose the gambler becomes increasingly reckless. He begins to draw to an inside straight from time to time and pursue other high-risk strategies that require making very large bets that threaten his ability to make good on his promises to you. After all, it’s worth it to him. He’s not playing with very much of his own money. He is playing mostly with your money. How will you respond?

You might stop lending altogether, concerned that you will lose both your interest and your principal. Or you might look for ways to protect yourself. You might demand a higher rate of interest. You might ask the player to put up his own assets as collateral in case he is wiped out. You might impose a covenant that legally restricts the gambler’s behavior, barring him from drawing to an inside straight, for example.

Offline zuolun

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Re: Casino Stocks
« Reply #2189 on: November 21, 2020, 12:29:45 PM »
一将功成万骨枯:意思是说一代名将是踩着无数人的尸体而成名的。



Tech: Behind the implosion of Ant Group’s mega IPO ~ 19 Nov 2020
https://www.theedgemarkets.com/article/tech-behind-implosion-ant-groups-mega-ipo

Analysis: Xi's message to Jack Ma, 'You're nothing but a cloud' ~ 19 Nov 2020
https://exbulletin.com/politics/563940/
“Don’t talk without thinking, don’t do what you want, people cannot act of their own will.”



Ant Group alumni who cashed out before IPO freeze have big ambitions ~ 19 Nov 2020
https://www.moneyweb.co.za/news-fast-news/ant-alumni-who-cashed-out-before-ipo-flop-have-big-ambitions/
Many of them became millionaires after Ma’s Alibaba Group Holding Ltd., which owns about a third of Ant, went public in 2014; others sold their Ant options back to the company when it was valued at $150 billion two years ago. All resisted the urge to hold on for Ant’s IPO. For employees who did hang on, or who joined the company more recently, the suspension threw their plans for a bonanza up in the air.





How Jack Ma blew Ant’s US$35-billion IPO ~ 18 Nov 2020
https://www.livemint.com/news/world/how-jack-ma-blew-ant-s-35-billion-ipo-11605706616879.html
The story of how the charismatic e-commerce icon forgot the basic rules of doing business in China.

聪明的人说话,是因为对现实有深思熟虑,他们的表达暖如帛金,让听者受益良多。
愚蠢的人说话,是因为对嘴巴的放纵不羁,他们的言语深于矛戟,让听者心如刀刺。
说话是一门艺术,不随便说话是一种智慧。高情商的人早就明白,有些事不能随便做,有些话不可随口说。



Alibaba Group’s sophisticated game of monopoly ~ 18 Nov 2020
https://jingdaily.com/china-alibaba-e-commerce-tmall-amazon-alipay/
  • When you buy a product online, chances are it will be through one of just six companies. Unbelievably, almost 60% of global e-commerce is concentrated in a handful of retailers. Four of these are Chinese, of which Alibaba Group owns two. Taobao and Tmall, according to Activate Consulting, had a collective total sales percentage of 19% in 2019 (and this was before the pandemic).
  • The other two consist of JD.com, with 9%, and Pinduoduo with 4%. In the other corner are Western rivals Amazon and eBay together with 16%. Of the six companies that share a smaller but still substantial share (5% of global shares), a further two are Chinese: VIP.com and Sunning (of which Alibaba holds a stake).
  • Altogether, this means that 44% of global sales come through six Chinese-owned companies.
  • What these figures indicate is that, as the largest e-commerce market in the world, China has an insatiable appetite for digital shopping. And, what’s more, the tech to facilitate it.
  • Conglomerate Alibaba Group, in particular, realized this potential by devising one of the most well-rounded retail offerings in the world. It now controls all touchpoints including logistics, wholesaling, financial and cloud services, film production — the list is impressively extensive.
  • Moreover, since 2014, it’s been complementing its online dominance with physical retail through the acquisition of brick and mortar. In October alone, it announced it will spend about $3.6 billion to take a controlling stake in one of China’s largest big-box and supermarket chains,  Sun Art.
Why China stopped the Ant Group’s IPO (Part 2): Ant’s dangerous business model ~ 16 Nov 2020
https://www.forbes.com/sites/georgecalhoun/2020/11/16/why-china-stopped-the-ant-groups-ipopart-2-ants-dangerous-business-model/

Why China stepped on the Ant Group (Part 1): To stop a bubble ~ 8 Nov 2020
https://www.forbes.com/sites/georgecalhoun/2020/11/08/why-china-stepped-on-the-ant-group-part-1-a-bubble-looming/



Why Ant Financial's IPO was pulled ~ 10 Nov 2020
https://valueinvesting.substack.com/p/why-ant-financials-ipo-was-pulled
It's Lehman all over again.

蚂蚁金服如何把30亿变成3000亿?资产证券化如何导致美国次贷危机? ~ 10 Nov 2020
https://www.youtube.com/watch?v=JhSKLEkrV0c

官方监管马云,却意外发现惊天玄机!原来蚂蚁下了一盘大棋,像极了12年前美国那场危机!~ 7 Nov 2020
https://www.youtube.com/watch?v=STjzPVO190o

Ant Group IPO suspension signals stronger fintech regulation in China ~ 5 Nov 2020
https://www.chinadaily.com.cn/a/202011/05/WS5fa3aef9a31024ad0ba8356e.html

New ants! Securities companies have 33 times more leverage for fear of downtime in banking system expansion ~ 27 Oct 2020
https://www.jqknews.com/news/601572-New_ants!_Securities_companies_have_33_times_mor e_leverage_for_fear_of_downtime_in_bank ing_system_expansion.html
The Singapore Government Investment Corporation (GIC) placed an order of US$2.7b, the largest order within 3 hours of the issuance of H shares.

马云:今天的世界,迫切期待一个真正为未来而思考的、全新的金融体系 ~ 24 Oct 2020
https://www.youtube.com/watch?v=6RLRcN2aJAo



蚂蚁集团股东曝光:GIC、淡马锡持股 李嘉诚持有1782万股 ~ 24 Aug 2020
http://stock.jrj.com.cn/2020/08/26120730592711.shtml
根据蚂蚁集团披露的招股书,马云为蚂蚁集团创始人、董事、兼大股东之一,为公司实控人,实际控制公司50.52%的股权。根据招股书,上市前,阿里巴巴持股32.65%,杭州君瀚及君澳持股50.52%,境内投资者持股16.83%。