Adrian老師所講ge公司醜聞, 似乎開始若隱若現.....
先有東亞職員濫權犯法導致公司損手....
再有毒牛奶事件, 不但奶類公司聲譽破產, 同時牽連至有關利用奶類產品作原料的其它產品公司!
除中資銀行未來有重大壞賬外, 究竟....還有甚麼Corporate Scandals會爆大鑊??
呢段時期, 還是靜待12月, 看看形勢有否好轉!?
2008年9月23日星期二
2008年9月20日星期六
用納稅人的血汗錢去救次按!!??
錢o係用來救經濟, 次按問題係重要, 但係.....我覺得落藥太重....
我認為救AIG係應該ge....但係集中次按產品去處理, 仲要洗大筆錢去搞, 似乎太離譜!
唔通美國以後真係要次次印銀紙去生活, 連穀重都要食埋先安樂?
利與弊實在一時三刻難以界定....
目前, 樓市咁差係因為債仔無錢供, 有人失業.....
咁點解唔將d錢去推動經濟, 令所有人人人有飯開, 人人有錢洗??
信心係累積番黎ge....一剎那ge救市, 係咪真係幫到破碎ge信心番黎??
Adrian老師話, 黎緊12月......好戲上演!
熊一才岩岩結束....
我認為救AIG係應該ge....但係集中次按產品去處理, 仲要洗大筆錢去搞, 似乎太離譜!
唔通美國以後真係要次次印銀紙去生活, 連穀重都要食埋先安樂?
利與弊實在一時三刻難以界定....
目前, 樓市咁差係因為債仔無錢供, 有人失業.....
咁點解唔將d錢去推動經濟, 令所有人人人有飯開, 人人有錢洗??
信心係累積番黎ge....一剎那ge救市, 係咪真係幫到破碎ge信心番黎??
Adrian老師話, 黎緊12月......好戲上演!
熊一才岩岩結束....
中資銀行持50億雷曼債券
【明報專訊】為了消除市場憂慮，六大中資銀行已全部公布了持有雷曼兄弟債券的金額。交行持有雷曼相關債券的總金額超過6億美元（46.8億港元）。建行持15億相關債券
建設銀行（0939）昨天公布，集團與附屬公司持有雷曼相關債券，合共1.914億美元（約14.9億港元），其中高級債券1.414億美元，次級債券5000萬美元。總數約佔截至今年6月底總資產的0.019％，或佔淨資產的0.29％。在「六行」當中，建行持有的金額最大（見表），但中行則另有對雷曼貸款餘額5320萬美元。
中信銀行（0998）昨日也公布，持有雷曼相關投資與交易產生的風險敞口約7600萬美元，惟並未持有次級債券。該行尚未對有關債券提取減值準備，將進行風險評估，根據審慎原則提取相應的減值準備。而建行則預計，有關敞口對財務狀况不會產生重大影響。
公布後股價大漲
隨着中央匯金增持中、工、建行，市場對中資銀行持有雷曼兄弟資產的憂慮幾近全面消弭，昨日H股全部升約一成，A股亦漲停板。
2008年9月18日星期四
飲毒奶致病蒙牛會負責到底
明報話：
「2008-09-18 22:42:00
蒙牛表示，會將不合格的嬰幼兒奶粉全部召回，5年內查出由問題牛奶造成的疾患會負責到底。蒙牛表示，會將不合格嬰幼兒奶粉相關產品的生產線停產整頓。對因食用問題批次奶粉造成身體疾患的消費者，蒙牛將按照國家標準加倍賠償，5年內查出由此造成的疾患會負責到底。」
蒙牛今次公開表明對毒奶事件採取高度重視,，又承諾對事件負責到底。真是一個具Social Responsibility的企業！
這次事件有很大程度影響蒙牛日後的發展，雖然有良好的企業作風，但是事實歸事實。這事件確實會令投資者信心完全動搖！成長的旅途真是漫長，蒙牛的成長或許還須多一點的苦澀才會苦盡甘來。有意投資蒙牛的話，可待PB ratio下跌至3-4的水平再作決定。(現PB=5.38)
雖然此刻講奶類股份傷人眾感情，現時確實是救嬰幼兒為首要任務！但作為理性投資者，千萬不要感情用事！
「2008-09-18 22:42:00
蒙牛表示，會將不合格的嬰幼兒奶粉全部召回，5年內查出由問題牛奶造成的疾患會負責到底。蒙牛表示，會將不合格嬰幼兒奶粉相關產品的生產線停產整頓。對因食用問題批次奶粉造成身體疾患的消費者，蒙牛將按照國家標準加倍賠償，5年內查出由此造成的疾患會負責到底。」
蒙牛今次公開表明對毒奶事件採取高度重視,，又承諾對事件負責到底。真是一個具Social Responsibility的企業！
這次事件有很大程度影響蒙牛日後的發展，雖然有良好的企業作風，但是事實歸事實。這事件確實會令投資者信心完全動搖！成長的旅途真是漫長，蒙牛的成長或許還須多一點的苦澀才會苦盡甘來。有意投資蒙牛的話，可待PB ratio下跌至3-4的水平再作決定。(現PB=5.38)
雖然此刻講奶類股份傷人眾感情，現時確實是救嬰幼兒為首要任務！但作為理性投資者，千萬不要感情用事！
2008年9月17日星期三
毒奶粉毒出禍
三鹿毒奶粉患兒升至六千 三人死亡
在所有臨床診斷病歷中，有158人發生過急性腎功能衰竭
負責處理三鹿毒奶粉事件的中國衛生部部長陳竺周三（17日）說，從今年9月12日至17日8時，中國各地共報告臨床診斷患兒6244例，這個數字比15日公布的臨床診斷患兒數多5千人。
其中4917例患兒症狀輕微，現需仍留院觀察治療患兒有1327人。在所有臨床診斷病歷中，有158人發生過急性腎功能衰竭。
患兒6千、3人死亡
陳竺還說，回顧性的調查已發現第3例死亡病例，該名嬰兒來自浙江省，此前死亡的兩名嬰兒都來自甘肅省。
與此同時，主管中國產品質量檢驗的最高官員說，中國國家質檢總局以前未在奶製品檢測中發現有害化學物"三聚氰胺"，是因為中國在這方面的標準中"沒有對有毒有害的化學物質進行規定"。
中國國家質檢總局已在16日晚披露，最新緊急專項檢查顯示，有22家企業69批次嬰幼兒奶粉產品檢出了有害化學物"三聚氰胺"。
三聚氰胺
對此，中國國家質檢總局局長李長江周三上午在新聞發佈會上解釋說，中國對嬰幼兒配方奶粉的國家標準有31項，它包括熱量、蛋白質含量、維生素含量、水份等這些重要的指標。
李長江說，以前之所以沒有對奶粉當中的三聚氰胺含量進行檢測，是因為"在我們國家這方面的規定中，和國際食品法典相關的標準當中，都沒有對有毒有害的化學物質進行規定。"
他說，這是"因為這些物質是不允許添加到食品當中的"。
撤消免檢
李長江說，對檢出三聚氰胺的22家中國乳品企業，凡是獲得中國名牌和國家免檢資格的，一律撤銷和終止。獲得國外衛生註冊的，通知有關國家停止衛生註冊資格。
他表示，在檢出三聚氰胺的產品中，廣東雅士利和青島索康嬰幼兒配方奶粉出口到了孟加拉、緬甸、也門、布隆迪和加蓬等五個國家。
李長江說，從周三開始，當局將派駐1400個駐廠工作組，將近5000人，對所有嬰幼兒乳製品生產企業實行駐廠監管，監管各企業的各個生產環節和出廠檢驗。
據新華社報道，中國目前共有175家嬰幼兒奶粉生產企業，其中66家企業已停止生產嬰幼兒奶粉。
中國質檢總局的公布緊急專項檢查只對109家生產嬰幼兒配方奶粉的企業進行了排查，共檢驗了這些企業的491批次樣品，但公布的檢測結果十分驚人。
階段性檢查結果顯示，有22家企業的69批次產品檢出了含量不同的、以前未被質檢總局列為檢測對象的三聚氰胺。
三鹿、蒙牛、伊利、雅士利、聖元、施恩等中國知名奶業品牌無一幸免，此事被中國媒體稱為22家中國奶企"集體中毒"。
以下是中國官方公布的22家被查出有問題奶粉的企業：
石家莊三鹿集團股份有限公司生產的三鹿牌嬰幼兒配方乳粉﹔
上海熊貓乳品有限公司生產的熊貓可寶牌嬰幼兒配方乳粉﹔
青島聖元乳業有限公司生產的聖元牌嬰幼兒配方乳粉﹔
山西古城乳業集團有限公司生產的古城牌嬰幼兒配方乳粉﹔
江西光明英雄乳業股份有限公司生產的英雄牌嬰幼兒配方乳粉﹔
寶雞惠民乳品(集團)有限公司生產的惠民牌嬰幼兒配方乳粉﹔
內蒙古蒙牛乳業(集團)股份有限公司生產的蒙牛牌嬰幼兒配方乳粉﹔
中澳合資多加多乳業(天津)有限公司生產的可淇牌嬰幼兒配方乳粉﹔
廣東雅士利集團股份有限公司生產的雅士利牌嬰幼兒配方乳粉﹔
湖南培益乳業有限公司生產的南山倍益牌嬰幼兒配方乳粉﹔
黑龍江省齊寧乳業有限責任公司生產的嬰幼兒配方乳粉2段基粉﹔
山西雅士利乳業有限公司生產的雅士利牌嬰幼兒配方乳粉﹔
深圳金必氏乳業有限公司生產的金必氏牌嬰幼兒配方乳粉﹔
施恩(廣州)嬰幼兒營養品有限公司生產的施恩牌嬰幼兒配方乳粉﹔
廣州金鼎乳製品廠生產的金鼎牌嬰幼兒配方乳粉﹔
內蒙古伊利實業集團股份有限公司生產的伊利牌兒童配方乳粉﹔
煙台澳美多營養品有限公司生產的澳美多牌嬰幼兒配方乳粉﹔
青島索康營養科技有限公司生產的愛可丁牌嬰幼兒配方乳粉﹔
西安市閻良區百躍乳業有限公司生產的禦寶牌嬰幼兒配方乳粉﹔
煙台磊磊乳品有限公司生產的磊磊牌嬰幼兒配方乳粉﹔
上海寶安力乳品有限公司生產的寶安力牌嬰幼兒配方乳粉﹔
福鼎市晨冠乳業有限公司生產的聰爾壯牌嬰幼兒配方乳粉。
2008年9月16日星期二
次按後遺症!
今日股市因為次按呢個傷口又爆.....雷曼破產!!!
第二間投資銀行終於要倒下了.....一向名氣好ge雷曼都落得如斯田地, 實在太令人傷感.....
講番港股! 今日絕大部份恆生成份股, 成交量都比平均成交量多出一倍!甚至兩倍....股價被質低!
以一年時間計....差不多隻隻跌穿晒一年低位....甚至三年....
不過仲有好幾隻股係跑贏大市ge....如似
700.hk 騰訊咁...比一年低位仲要高64%
2.hk, 高25%, 6.hk高28%
以股息計, 5,388,2388都有5-6厘....而家係有好多平貨....
不過個市太動盪.....唔適宜入市....
而家最重要就係草錢先....草夠子彈先再買.....
個市跌得咁爽, d散戶仲係死心不息, 去買"平貨"....代表咩???
熊市仲未結束.....好戲就快上演!
AIG而家真係好唔掂咁....佢個仔AIA都要四圍撲水....d水邊度黎??
AIA做人壽, 基金....即係要對投保人開刀la....
我都中左招, 就當係我出手幫下佢la....等佢唔好死得咁慘@@
最擔心ge唔係AIA...我投保都係少數目, 最弊我而家仲未搞清另一間保險公司AXA既狀況如何??
因為我買重左佢人壽, 佢死我死....囧rz
過多兩個月, 我應該夠錢開始部署入市....到時我會增持招行, 新增工行為組合成員, 如果仲有錢剩, 先再考慮中人壽or中移動....
第二間投資銀行終於要倒下了.....一向名氣好ge雷曼都落得如斯田地, 實在太令人傷感.....
講番港股! 今日絕大部份恆生成份股, 成交量都比平均成交量多出一倍!甚至兩倍....股價被質低!
以一年時間計....差不多隻隻跌穿晒一年低位....甚至三年....
不過仲有好幾隻股係跑贏大市ge....如似
700.hk 騰訊咁...比一年低位仲要高64%
2.hk, 高25%, 6.hk高28%
以股息計, 5,388,2388都有5-6厘....而家係有好多平貨....
不過個市太動盪.....唔適宜入市....
而家最重要就係草錢先....草夠子彈先再買.....
個市跌得咁爽, d散戶仲係死心不息, 去買"平貨"....代表咩???
熊市仲未結束.....好戲就快上演!
AIG而家真係好唔掂咁....佢個仔AIA都要四圍撲水....d水邊度黎??
AIA做人壽, 基金....即係要對投保人開刀la....
我都中左招, 就當係我出手幫下佢la....等佢唔好死得咁慘@@
最擔心ge唔係AIA...我投保都係少數目, 最弊我而家仲未搞清另一間保險公司AXA既狀況如何??
因為我買重左佢人壽, 佢死我死....囧rz
過多兩個月, 我應該夠錢開始部署入市....到時我會增持招行, 新增工行為組合成員, 如果仲有錢剩, 先再考慮中人壽or中移動....
2008年9月15日星期一
Lehman to file for bankruptcy (雷曼兄弟破產)
Monday September 15, 3:12 am ET
By Dan Wilchins
NEW YORK (Reuters) - Lehman Brothers Holdings Inc (NYSE:LEH - News) filed for bankruptcy protection, after trying to finance too many risky assets with too little capital, making it the largest and highest-profile casualty of the global credit crisis.
The Chapter 11 filing did not include its broker-dealer operations and other units, such as asset management firm Neuberger Berman. Those businesses will continue to operate, although Lehman is expected to liquidate them. It said it is in advanced talks on selling its investment management division.
Lehman is one of the biggest investment banks to collapse since 1990, when Drexel Burnham Lambert filed for bankruptcy protection amid a collapse in the junk bond market.
Time is of the essence as Lehman sells assets. Customers are often reluctant to trade with dealers whose parent companies are in bankruptcy, so the longer Lehman waits to sell its broker-dealer unit, for example, the less it will be worth.
"Much of (Lehman's) asset value at the end of the day is tied up in its credibility, and that takes a significant hit early in a bankruptcy case," said Jack Williams, Resident Scholar at the American Bankruptcy Institute, and a professor at Georgia State College of Law.
The Chapter 11 filing represents the end of a 158-year old company that survived world wars, the Asian financial crisis and the collapse of Long-Term Capital Management but could not survive the global credit crunch.
Financial institutions globally have recorded more than $500 billion of writedowns and credit losses as the U.S. subprime mortgage crisis has spread to other markets.
Bankruptcy also represents a bad end to Chief Executive Dick Fuld's four-decade career at Lehman. Fuld, who piloted the investment bank through prior crises with aplomb, was widely seen as too slow to recognize Lehman's need to raise capital and shed bad assets.
Lehman had $600 billion of assets financed with just $30 billion of equity as of the end of August. Having so little capital meant that a 5 percent decline in assets would wipe out the value of the company, which investors saw as a real risk thanks to the company's billions of dollars of mortgage securities.
"Lehman decided to play chicken with the market, and they lost," said James Ellman, portfolio manager at hedge fund Seacliff Capital, late on Sunday.
Lehman listed its biggest unsecured creditors as Citigroup Inc, (NYSE:C - News) Bank of New York Mellon Corp, (NYSE:BK - News) Aozora Bank, (Tokyo:8304.T - News) and Mizuho Financial Group Inc. (Tokyo:8411.T - News). Citi and Bank of New York Mellon are trustees for Lehman bonds.
The investment bank, once the fourth-largest in the United States, had hoped to raise capital by selling off a stake in its investment unit, and use that capital as well as other funds to spin off some of its toxic assets to shareholders.
But that plan did not satisfy investors, who pushed Lehman's share price to just a few dollars, or rating agencies, who pressed the company to find a stronger partner.
The filing comes after a weekend of heated negotiations among regulators and Wall Street firms regarding Lehman's fate. The U.S. government refused to backstop Lehman's worst assets the way it backstopped Bear Stearns Cos Inc's sale to JPMorgan Chase (NYSE:JPM - News). Government officials told banks to support Lehman or else be prepared for more investment banks to lose investor confidence and fail.
But prospective bidders refused to buy Lehman without government support, people briefed on the matter said. In the end, Lehman was allowed to fail, and Bank of America Corp (NYSE:BAC - News) agreed to buy what was seen as the next weakest U.S. investment bank, Merrill Lynch & Co Inc. (NYSE:MER - News)
PIZZA AND BEER
For many of Lehman's 26,000 employees the outlook is likely to be gloomy with job losses expected to be substantial even if significant parts of the business can be sold.
At Lehman's headquarters in Midtown Manhattan on Sunday afternoon, men dressed in suits came and went, while some employees entered the building with what appeared to be empty duffel bags, then left with them full.
Others emerged with accordion files, binders stuffed with papers and full valises.
On Sunday night hundreds of Lehman employees were still in the office to clear their desks and pack personal belongings, according to an employee.
Many even opted to say their farewells with one last office soiree. "We are having pizza and beer," the employee said.
Markets are likely to be wary of what is ahead. Bankruptcy is a long, complex process where almost everything is done out in the open, as opposed to the veil of secrecy Wall Street uses to conduct deals.
"This isn't a manufacturer or retailer... so we don't have a very rich track record about how the issues will be addressed, and the classic signposts just aren't there," Williams said.
"Once the company goes into bankruptcy this is going to be an opportunity to look under the hood, and we might not like what we see."
(Additional reporting by Emily Chasan and Robert MacMillan)
By Dan Wilchins
NEW YORK (Reuters) - Lehman Brothers Holdings Inc (NYSE:LEH - News) filed for bankruptcy protection, after trying to finance too many risky assets with too little capital, making it the largest and highest-profile casualty of the global credit crisis.
The Chapter 11 filing did not include its broker-dealer operations and other units, such as asset management firm Neuberger Berman. Those businesses will continue to operate, although Lehman is expected to liquidate them. It said it is in advanced talks on selling its investment management division.
Lehman is one of the biggest investment banks to collapse since 1990, when Drexel Burnham Lambert filed for bankruptcy protection amid a collapse in the junk bond market.
Time is of the essence as Lehman sells assets. Customers are often reluctant to trade with dealers whose parent companies are in bankruptcy, so the longer Lehman waits to sell its broker-dealer unit, for example, the less it will be worth.
"Much of (Lehman's) asset value at the end of the day is tied up in its credibility, and that takes a significant hit early in a bankruptcy case," said Jack Williams, Resident Scholar at the American Bankruptcy Institute, and a professor at Georgia State College of Law.
The Chapter 11 filing represents the end of a 158-year old company that survived world wars, the Asian financial crisis and the collapse of Long-Term Capital Management but could not survive the global credit crunch.
Financial institutions globally have recorded more than $500 billion of writedowns and credit losses as the U.S. subprime mortgage crisis has spread to other markets.
Bankruptcy also represents a bad end to Chief Executive Dick Fuld's four-decade career at Lehman. Fuld, who piloted the investment bank through prior crises with aplomb, was widely seen as too slow to recognize Lehman's need to raise capital and shed bad assets.
Lehman had $600 billion of assets financed with just $30 billion of equity as of the end of August. Having so little capital meant that a 5 percent decline in assets would wipe out the value of the company, which investors saw as a real risk thanks to the company's billions of dollars of mortgage securities.
"Lehman decided to play chicken with the market, and they lost," said James Ellman, portfolio manager at hedge fund Seacliff Capital, late on Sunday.
Lehman listed its biggest unsecured creditors as Citigroup Inc, (NYSE:C - News) Bank of New York Mellon Corp, (NYSE:BK - News) Aozora Bank, (Tokyo:8304.T - News) and Mizuho Financial Group Inc. (Tokyo:8411.T - News). Citi and Bank of New York Mellon are trustees for Lehman bonds.
The investment bank, once the fourth-largest in the United States, had hoped to raise capital by selling off a stake in its investment unit, and use that capital as well as other funds to spin off some of its toxic assets to shareholders.
But that plan did not satisfy investors, who pushed Lehman's share price to just a few dollars, or rating agencies, who pressed the company to find a stronger partner.
The filing comes after a weekend of heated negotiations among regulators and Wall Street firms regarding Lehman's fate. The U.S. government refused to backstop Lehman's worst assets the way it backstopped Bear Stearns Cos Inc's sale to JPMorgan Chase (NYSE:JPM - News). Government officials told banks to support Lehman or else be prepared for more investment banks to lose investor confidence and fail.
But prospective bidders refused to buy Lehman without government support, people briefed on the matter said. In the end, Lehman was allowed to fail, and Bank of America Corp (NYSE:BAC - News) agreed to buy what was seen as the next weakest U.S. investment bank, Merrill Lynch & Co Inc. (NYSE:MER - News)
PIZZA AND BEER
For many of Lehman's 26,000 employees the outlook is likely to be gloomy with job losses expected to be substantial even if significant parts of the business can be sold.
At Lehman's headquarters in Midtown Manhattan on Sunday afternoon, men dressed in suits came and went, while some employees entered the building with what appeared to be empty duffel bags, then left with them full.
Others emerged with accordion files, binders stuffed with papers and full valises.
On Sunday night hundreds of Lehman employees were still in the office to clear their desks and pack personal belongings, according to an employee.
Many even opted to say their farewells with one last office soiree. "We are having pizza and beer," the employee said.
Markets are likely to be wary of what is ahead. Bankruptcy is a long, complex process where almost everything is done out in the open, as opposed to the veil of secrecy Wall Street uses to conduct deals.
"This isn't a manufacturer or retailer... so we don't have a very rich track record about how the issues will be addressed, and the classic signposts just aren't there," Williams said.
"Once the company goes into bankruptcy this is going to be an opportunity to look under the hood, and we might not like what we see."
(Additional reporting by Emily Chasan and Robert MacMillan)
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如果想睇番我以前講過ge投資記錄, 可以去番http://honestlas.spaces.live.com/呢度重溫!
http://honestlas.spaces.live.com/ 仍然會繼續運作, 不過再唔會講Finance....haha, 以後只會講我日常生活同趣事等....
第一日, 我就送樣野比大家....
請click入
http://www.editgrid.com/user/never/hsstocks (恆生成分股)
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