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【bryon 个人专区】宏观，微观，经济，股市
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楼主 |
发表于 24-11-2008 09:17 AM
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楼主 |
发表于 24-11-2008 09:20 AM
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记者: ammb 的 balance sheet为什么变得很美了
ceo : 自从被anz 收购了过后，blah blah blah.........
bryon: SIV/SPV(special investment vehicle/special purpose vehicle)
可能发生的事？看看citigroup关于spv的新闻
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发表于 24-11-2008 09:22 AM
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回复 62# bryon 的帖子
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我记得之前他们做了一次kitchen sinking。 |
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楼主 |
发表于 24-11-2008 12:59 PM
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回复 63# Mr.Business 的帖子
02-10-2007: AMMB to sell RM240m worth of NPLs
Email us your feedback at fd@bizedge.com
KUALA LUMPUR: AMMB Holdings Bhd is selling its second tranche of corporate and the first tranche of retail non-performing loans (NPL) for a total of RM240.85 milllion by way of securitisation to reduce its NPLs to be in line with the industry average and for new lending activities.
In a statement yesterday, AMMB said its sub-subsidiary AmBank (M) Bhd had entered into sale and purchase agreements with special purpose vehicles (SPVs), Neptune ABS One Bhd (SPA One) and Neptune ABS Two Bhd (SPA Two), for the proposed transactions.
It will sell the second tranche of corporate NPLs to SPA One for RM124.78 million and the first tranche of retail NPLs to SPA Two for RM116.07 million.
AMMB said the SPVs would issue asset-backed securities to part-finance the purchase of the NPLs from AmBank. AmBank has also entered two portfolio servicing agreements with both SPVs for the administration, collection and related services to the NPLs.
It said the proposed securitisation would enable AmBank to improve its net interest margin and profitability by using the proceeds received from the sale of the NPLs for new lending activities, in particular providing financing to its clients.
AMMB had earlier disposed of the first tranche of corporate NPLs via a sale and purchase agreement with trust-owned SPV, ABS Enterprise One Bhd, for RM110.62 million cash. The transaction was completed last Friday.
我也不是很清楚是怎么work的
就是看到新闻说citigroup以前卖给spv的asset价值跌了，要provide provision for losses的
现在就是不知道ammb卖给spv的terms n condition是什么
http://www.credfinrisk.com/assetsecure.html
Asset Backed Securities (ABS) are securities (notes or bonds) that are issued with a structure that repayment is intended to be obtained from the cash flow generated by an identified (and secured / collateralized) pool of assets. Two types:
Fully-supported: repayment is supported by a financial guarantee (surety bond, letter of credit, third party guarantee or irrevocable liquidity facility). This provides both liquidity and credit protection for investors: the provider of the support has agreed to provide funds to the SPV (Special Purpose Vehicle) to repay investors without regard to the value of assets owned by the SPV.Partially-supported: repayment primarily depends on the cashflow expected to be realized on the pool of assets, as well asliquidity and credit enhancement from third parties.Asset-backed securitizations also usually have a backup liquidity facility in place provided by a stand-by commitmentfrom a syndicate (group) of banks. This facility protects the investors who purchase the commercial paper.If for some reason the SPV cannot attract the same or new investors to roll over the commercial paper or there is insufficientcash flow generated by the pool to pay off maturing commercial paper then the SPV draws on the backup liquidity facilityto payoff the investors and the bank group then become the owners of the assets held by the SPV (to either wait for thecash flow to improve or to liquidate the portfolio) |
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楼主 |
发表于 14-12-2008 11:39 PM
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发表于 15-12-2008 10:44 PM
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严重的载员
现在是危机中找机会
站稳脚步，是最重要的一刻。。。
传国内最大制造企业富士康裁员10万
2008年12月15日 18:57财华社【大 中 小】 【打印】
据内地传媒引述消息报道，国内最大的制造业企业富士康，因出口大幅放缓，将削减十万名员工，但富士康随即宣布，将在全球裁员5%。
由于受内地的《劳动合同法》制肘，富士康裁员将受到限制，因此只能利用取消加班等措施，减低劳动成本开支，令一些收入减少的员工选择主动离职。
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楼主 |
发表于 18-12-2008 09:53 AM
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回复 66# liyen1708 的帖子
对，大家要束好安全带了
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楼主 |
发表于 18-12-2008 09:53 AM
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知道为什么有些地方
工钱高，人手不够，地贵，交通不方便,可是经济不景气的当儿，fortune 100的公司还在那边丢了几百亿美元吗？
跟世界经济大国的FTA
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楼主 |
发表于 18-12-2008 10:11 AM
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楼主 |
发表于 29-1-2009 01:23 PM
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最近在苦读cfa, 还有百多天就要考了
看新闻说故事(又要给人投诉又是一堆鸡肠= =)
AmBank fails to bankrupt Singapore guarantor over S$287,0001988年的loan都去追回，anz很勤劳
Panasonic to shut plants in Malaysia: Report（官方版)
员工版(某人的blog）
Until now, which is two months after all the staffs in PEDMA know the Malacca plant is close down permanently, Panasonic finally declare to the public, they are close down one plant and move another pant in Sg way to Shah Alam to become 2 in 1. The workers in PEDMA Malacca is retrenched. They are not allowed to transfer to their sister factory. Of course, compensation is paid. They are being paid for compensation but if your service duration is below 5 years, you are likely only being paid a 3 months salaries. If your service year is over 5 years, you may get a one month to 1.6 months compensation rate. Prior this, PEDMA already has a huge VSS in 2006. In Sg Way Plant alone, they move their Remote Control production to Singapore and China. Tuner production was shift to Thailand, China (Beijing) and Vietnam. However, both China Beijing and Thailand plants both will be close down in this year. Only Vietnam is remaining in the near future. Moreover, Sg way plant and Shah Alam plant will be merged, that means there will be more workers to lose their job in this year as this is an exercise to slim down the business.
We all know in current economic situation, it is not easy to get a profit. That make most of the people think the employer, Panasonic has a good reasoning to close down the non profitable plant. The labour cost is not competitive enough. The truth is that Panasonic in Japan has a strategic plan to shut down most of the asia factories and make Vietnam plant in Hanoi their manufacturing hub in asia. This economic crisis is just an excuse that they use to accelerate their plan. Panasonic in Japan will try to not retrench their workers in Japan even they are paid 3 to 5 times paid of the similar position in Malaysia. This is their companies, not ours. SO they can shift their investment out if they found Malaysia is not competitive enough. They will not withdraw all the investment because they still need backup for Vietnam plant and the Vietnam plant is only 3 years old. They still need the support form Malaysia, China, Japan or Singapore. I can foresee more factories in this countries (except China that still have a strong domestic market) will be close down especially Malaysia that do not have an edge in labour intensive (sure can not compete with Vietnam) as well as in research and development (they do not need two R&D center when Singapore is beside us). The biggest employer in Malaysia will at least cut their 50% workforce from executive to low cost labour before 2012.
Indians Flee Dubai as Dreams Crash - Fall out of Economic Crisis
如果这个新闻早点刊登就好
Q: Despite Malaysia's promotional activities in South Africa, exports have fallen. Why the reason?
A: Malaysianpalm oil exports to South Africa fell last year because vegetable oilbuyers bought more Indonesian palm oil at lower prices.
如果你是投资者/买家，看到以上的新闻，脑海里会闪过什么念头？
Okun's Law, Ockham's Razor, and Economic Stimulus
“My impression is that regardless of near-term prospects, we will observe a tone of “revulsion” at some point next year, which we should certainly allow for especially during the first half of 2009. At that point, we should not rule out a low that would compete with the November lows and perhaps break them, but we should also expect that the market will be more selective at that point, so there will be many stocks that hold above the lows that have already been set.”
China's Huawei seeks most 2008 international patentsHuawei Predicts 29% Growth in 2009
华为-中国的samsung/lg?
新年快乐
[ 本帖最后由 bryon 于 29-1-2009 01:40 PM 编辑 ] |
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发表于 2-2-2009 06:59 PM
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回复 70# bryon 的帖子
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祝考试顺利 |
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楼主 |
发表于 15-2-2009 09:33 PM
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回复 71# goodluck88 的帖子
谢谢,你也一起加油
当今的世界，局势转变万千，很需要类似如过路客后几步棋局势的分析
Temasek的总托换人了，former BHP Billiton CEO Charles Goodyear
Chinalco and Alcoa buy stake in Rio Tinto
盲的都看得出会发生什么事
虽然不能一直翻印的东西大有可能会维持购买力/减少购买力的冲击
【buy/sell at your own risk】
可是呢，可是基于某些经济实体的利益关系
不是每样不能一直翻印的东西都会大有可为的
例如呢
棕油
几十年前，被唱对健康不好[有幸看到几十年前anti palm oil campaign的历史文物，意识[猜测?]到当时的严重性]
几十年后,棕油起到历史性的高点后，很久一段时间跟soybean future维持着三位数[美元，下同]一tonne的差距<-{想要验证anti palm oil campaign的网友，可以去任何英文搜索引擎输入palm oil]
可是，深一层去想，那些什么什么campaign的机构员工，也有领取薪金的，一个小时二十几美元的薪水+其他费用...............
谁酱得空+那么多钱呢？
没有利益的事你会不会做？
另外
裁员了，公司到了
可是人们还是要娱乐啊，吃东西啊
买东西，买不起？可以租嘛--》
http://www.straitstimes.com/Brea ... TIStory_338717.html
博彩的queue越来越长，戏院的人潮越来越多，价格相宜的巧克力+红酒的销量增加+连白人都跑去food court喝酒 |
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发表于 15-2-2009 10:16 PM
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原帖由 bryon 于 15-2-2009 09:33 PM 发表 
谢谢,你也一起加油
当今的世界，局势转变万千，很需要类似如过路客后几步棋局势的分析
Temasek的总托换人了，former BHP Billiton CEO Charles Goodyear
Chinalco and Alcoa buy stake in Rio ...
其实目前和９７－９８－９９比较下还是小儿科的说－－那个时候新加坡许多高学历高职位甚至自己创业者直接无法面对打击而留恋欢场夜生活－－当时造就了我国南马柔佛新山欢场红到２０００年去－－连吉隆坡的老板都纷纷南下开店－摇头药在那个时候一粒卖１５０赚到笑－然后就到K粉-冰毒。。。卡爆。。。如今也没什么人有卡刷的说【早就泛滥了】
也严格上来说当时谁才是有钱人难判断【有卡刷-有资产抵押】--而如今正好是可真正判断出谁才是有消费能力的有钱人的说--撇开股票我们谈做生意--市场定位和未来发展模式也正好在这个时候把学校学的市场学和FINANCER PLANER等务实运用－－
个人平庸看法觉得－－ |
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发表于 15-2-2009 10:29 PM
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回复 72# bryon 的帖子
不止是健康，还有对油棕会破坏环境的攻击
在搜寻器打入palm oil和orang utan就好了
可以看到很多关于palm oil怎么破坏orang utan家园的文章 |
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楼主 |
发表于 6-3-2009 10:28 AM
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楼主 |
发表于 27-12-2009 10:17 PM
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发表于 28-12-2009 01:45 PM
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出席了jackphang的网聚
学了一些东西
这里附上新加坡交易所的投资者阅读年度报告指南(第二个link)与投 ...
bryon 发表于 27-12-2009 10:17 PM 
我忘了出席jackphang的网聚  |
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发表于 30-12-2009 09:41 PM
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回复 3# bryon
farvourite IOI from up stream to down stream. only concern is their PE is a bit high.
Some other small plantation companies also not bad like Kim Loong, Sarawak Oil Palm etc.
Singapore got Golden Agriculture, Indo food, Wilmar.
I think Malaysia's plantation companies can consider world class standard. Other indusrty in
Malaysia like Semicon / Hightech / Tile / Steel only can consider as world glass easy broken not
competitive edge at all. Due to that i prefer to invest in plantation company. But it also consider cyclical stock as well, so the timing to buy is very important. |
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楼主 |
发表于 31-12-2009 08:02 PM
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楼主 |
发表于 31-12-2009 08:32 PM
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回复  bryon
farvourite IOI from up stream to down stream. only concern is their PE is a bit high.
Some other small plantation companies also not bad like Kim Loong, Sarawak Oil Palm etc.
Singapore got Golden Agriculture, Indo food, Wilmar.
I think Malaysia's plantation companies can consider world class standard. Other indusrty in
Malaysia like Semicon / Hightech / Tile / Steel only can consider as world glass easy broken not
competitive edge at all. Due to that i prefer to invest in plantation company. But it also consider cyclical stock as well, so the timing to buy is very important.
dennisyap 发表于 30-12-2009 21:41
要讨论英文可以来我的blog看看不然可以加我msn
我认为ioi是谁中只有充分利用以前印尼超过大马成为最大的棕榈油生产国..小型种植公司的好时光马来西亚马来西亚公司少数可能会很便宜，而且效率高，如是而已..对下游，讲它上游活动，出现了急于进入下游，如奥兰，高贵等等等等，我不知道你是否也注意到这一点，但股票在新加坡分析师用来申请了印尼20％的折扣为基础的种植公司..但他们不再练that.my采取一般是马来西亚，有错过了黄金小时弹弓本身是有效的棕榈油生产国，反而采取了扩大邻国如国家土地储备的简便办法印度尼西亚和巴布亚新几内亚。在数年之后，越来越多的棕榈油将生产ex马来西亚和印度尼西亚
i would say IOI is only the few among malaysian companies who has fully utilised the good times before indonesia overtake malaysia as the biggest palm oil producer in the world..small plantation companies may be cheap and efficient but thats it..speaking about downstream and upstream activities, there has been a rush to go  downstream, e.g. olam, noble etc etc. I am not sure if you had noticed this, but stock analyst in singapore used to apply a 20% discount for indonesia based plantation companies..but they no longer practice that.my take is, in general malaysia has missed the golden hour to catapult itself to be efficient palm oil producer, and has instead taken the easy way out by expanding landbank in neighbouring countries e.g. indonesia and png. In few years time, more and more palm oil will be produced out of malaysia and indonesia |
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1998 
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