tag:blogger.com,1999:blog-28838839.post6398682724811120740..comments2024-03-28T20:38:41.305+08:00Comments on 市場先生自語: 匯豐2010年業績和估值分析 (完)市場先生http://www.blogger.com/profile/16233063454441287643noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-28838839.post-9236100840472984372011-04-28T14:45:13.353+08:002011-04-28T14:45:13.353+08:00hi 先生你要唔要o的1993 一文硬幣?
出讓93年1圓硬幣
http://pghk.blogsp...hi 先生你要唔要o的1993 一文硬幣?<br />出讓93年1圓硬幣<br /><a rel="nofollow">http://pghk.blogspot.com/2011/04/931.html</a>PGHKhttps://www.blogger.com/profile/09243152030370130699noreply@blogger.comtag:blogger.com,1999:blog-28838839.post-8897970037030789952011-04-26T00:32:26.863+08:002011-04-26T00:32:26.863+08:00Dear Mr market,
why do you think the P/B 1.8 value...Dear Mr market,<br />why do you think the P/B 1.8 valued when the ROE remain at 12-15%? <br />thanks a lot<br />matmathttps://www.blogger.com/profile/10010323786419137118noreply@blogger.comtag:blogger.com,1999:blog-28838839.post-37819217689452157152011-04-23T16:24:52.719+08:002011-04-23T16:24:52.719+08:00市場先生, 我都有收集左幾個銀幣. 想問下你點拿去做鑑定既. 另外想問下你有關當年銀幣製造數量d資料...市場先生, 我都有收集左幾個銀幣. 想問下你點拿去做鑑定既. 另外想問下你有關當年銀幣製造數量d資料係邊度搵架.<br />我email 係 bellbelldog@hotmail.com<br /><br />希望可以一齊交流下呀.<br />謝謝.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28838839.post-35312720421213509072011-04-21T21:21:05.400+08:002011-04-21T21:21:05.400+08:00回應信報筆聞集: LDR低因為信貸需要疲弱, 但不表示以後沒有增長. 我的文章已經分析basel I...回應信報筆聞集: LDR低因為信貸需要疲弱, 但不表示以後沒有增長. 我的文章已經分析basel III的影響, 事實上, 如果不是basel III, 匯豐的派息可以更加進取. 此外, 金融機構包括匯豐一方面透過保留盈利去增加Equity Tier 1資本, 另一方面透過去槓桿化降低RWA, 我相信匯豐仍然是最有能力滿足basel III要求的銀行之一. 另外,匯豐把ROE的目標由之前的15至19%下調到12至15%, 即使按相同比例下調, P/B也應值1.8倍, 遠高於目前的估值. 另外, 利率上升對銀行息差的影響是正面而非負面. 最後, 多謝你的留言, 希望以後多來交流.<br /><br />回應無名氏: 銀行持有的資產, 視乎種類風險各有高低, 例如持有AAA的債券同持有BBB的債券承受的風險不同, 要乘的風險系數便不同.市場先生https://www.blogger.com/profile/16233063454441287643noreply@blogger.comtag:blogger.com,1999:blog-28838839.post-45011261894696779532011-04-21T04:29:43.381+08:002011-04-21T04:29:43.381+08:00The group loan/deposit ratio is optically low beca...The group loan/deposit ratio is optically low because the division in Hong Kong has a very low LDR. Your regulators will not allow you to use deposits from one country to fund loans in another. And within HK you will find that the HKD LDR will be higher than the overall HK division LDR.信報 《筆聞集》https://www.blogger.com/profile/18408706245760820331noreply@blogger.comtag:blogger.com,1999:blog-28838839.post-58469868691915995982011-04-21T04:26:32.755+08:002011-04-21T04:26:32.755+08:00In addition, you've also failed to make clear ...In addition, you've also failed to make clear that the 10.5% CT1 ratio that you quote is on a Basel II basis. HSBC also states that spot implementation of Basel III would have an impact of 250-300bps. After that deduction, the CT1 ratio is still health on a Basel III basis, but not necessarily as strong as you have suggested.信報 《筆聞集》https://www.blogger.com/profile/18408706245760820331noreply@blogger.comtag:blogger.com,1999:blog-28838839.post-20324224287886392522011-04-21T04:23:37.563+08:002011-04-21T04:23:37.563+08:00You've stated that HSBC historically traded at...You've stated that HSBC historically traded at 2x P/B but is now on 1.35x. However you've failed to point out that the ROE guidance for the group has now been lowered to 12-15% going forward. Surprise surprise with a lower ROE you have a lower P/B.信報 《筆聞集》https://www.blogger.com/profile/18408706245760820331noreply@blogger.comtag:blogger.com,1999:blog-28838839.post-55593157538690147682011-04-21T04:21:18.749+08:002011-04-21T04:21:18.749+08:00What you've analysed is the past, but what we ...What you've analysed is the past, but what we ought to look at is the future. We are seeing rate increases in Europe and Asia, and this will likely lead to a flattening of the yield, which will likely reduce the net interest margin for HSBC.信報 《筆聞集》https://www.blogger.com/profile/18408706245760820331noreply@blogger.comtag:blogger.com,1999:blog-28838839.post-24016957275356211602011-04-20T22:37:36.894+08:002011-04-20T22:37:36.894+08:00what's 風險加權資產? Can you explain it more?what's 風險加權資產? Can you explain it more?Anonymousnoreply@blogger.com