Wednesday, March 29, 2006

台灣財經演員要考牌

雖然近一兩年經濟好了一點,但如果要在退休時儲夠一筆退休金,光靠強積金真的休想了。要在退休後過好生活,無可避免地要將積蓄放在股市、基金、窩輪等工具。

近年財經演員就很吃香,電台、電視台都需要他們分析財經資訊,沒有這些當紅的財經演員,恐怕電視台那些財經節目,就沒有這樣好的叫座力。

有些人都質疑過財經演員們在電台、電視上推介個別窩輪、股票等的利益衝突問題。不過,大家看這些財經演員表演時,有沒有再深一層去看,到底這些財經演員,有沒有足夠專業水平,去為大家在傳媒上,提供看似免費的投資意見?

台灣也有不少財經演員,在當地,財經演員被稱「投顧老師」,他們在電視台提供的投資意見,被戲稱為「報明牌」,相等於我們廣東人講的「俾貼士」,這些「投顧老師」給的意見有多專業,值得懷疑。前年,台灣當局不能再對一堆專業資格不明的人,在電台、電視上如此指導小投資者的亂象坐視不理,因此修訂了《證券投資顧問事業負責人與業務人員管理規則》,任何人在電台、電視和報紙向公眾提供投資意見前,都要先考取證券分析師資格。現職的,都要在新規則實施後三年,補考有關資格,否則就要離開。而明年九月,就是台灣財經演員們,完成「金融基準試」的最後限期。

既然我們的教育當局,要求教師要先考語文基準試,教人如何投資的財經演員,又是不是應該去考一考基準試,證明有料才可在大氣電波教人發達?但一直以來,好像無人質疑過財經演員們的專業水平,究竟夠不夠。要教師考基準試,但不用財經演員考基準試,這現象也夠奇怪。不知政府當局又有何意見呢?

李顯龍的考試

新加坡副總理黃根成,在最近一次國會會議上,答覆反對黨議員謝鏡豐質詢時表示,很快就選區重新劃界的結果提交政府。在新加坡,更新選民登記冊,和檢討選區劃界都意味著大選即將舉行,總理李顯龍(圖、美聯社)很大機會在今年解散國會,舉行大選。

雖然新加坡大選,執政黨候選人在大多數選區,都會因無對手不戰而勝,只有少數小選區,反對黨和執政黨才有一番競逐。不過,今年新加坡國會大選,會比較有睇頭。因為,這是李顯龍上台後,第一次新加坡國會大選。

李光耀的年紀越來越大,已經年逾八十,他今年可能是最後一年參與國會選舉。李顯龍除了是李光耀的長子,他亦要在李光耀身故後,獨自領導新加坡。到底新加坡人對這位接班人有何看法,是否認可其能力,這次大選就是一次考試。

適逢李顯龍面對接班壓力時,被人民行動黨壓了好一段日子的反對派,又蠢蠢欲動。在新加坡,有兩個小選區,執政黨花了十多年氣力都攻不破,一個是波東巴西選區,人民黨的詹時中做了十多年議員。另一個是後港,工人黨的劉程強又做了接近十多年的議員。

反對派在波東巴西和後港兩個東北部選區站穩後,似乎有意大舉派出候選人,攻取需要不同族裔候選人組成一張名單參選的集選區。多個集選區,都傳出反對派有意派出候選人出戰。

長久以來,集選區是一個指標,因為以往反對派都很難湊齊華人、印度和馬來三大種族的候選人出戰集選區,所以執政黨未輸過,反對派只能守著一至兩個小選區。如果反對派成功攻取一個集選區,那是相當具象徵意義的。

李顯龍考試的成績,又影響著外界對李顯龍的看法,因此他不容有失。且看這個時常與香港競爭的鄰居,在政治上,今年會出現甚麼微妙變化。但如果有集選區被反對派攻下,對李顯龍而言,就未必是輸掉一兩個選區那麼簡單了。

投資細價股要留神

上星期恒指收報15,476點,較前一周微升50點。不過周五成交縮減至254億元,相對早前成交每天300億元以上。經過一月急升,大市可能需要橫行調整。不過,恒指預期市盈率仍然只是約14倍,仍是可吸納的水平。剛剛被《福布斯》選為大中華區首富的李嘉誠,於上周以平均價78.05元增持662萬股旗艦長實(001),持股量增加至38.49%。李先生的投資眼光當然不用懷疑,現時他最大的賭博只是和黃(013)。雖然最近意大利3上市有點阻滯,但增持或最少表現出對公司的信心。

由年初到現在,恒指上升了4%,但恒指小型股指數則上升了10.5%。懂得選擇的話,將部分資金投資在細價股或可帶來更佳回報。不過財不入急門,投資者選擇時應選擇一些現金流較穩定的公司,而不是一些主要由概念支持的公司,去年的升幅冠軍華彩(8161)便是一例。公司早前以9.8億元認購了33.3%擁有中國即開型視頻彩票終端機合約的設備供應商Corich。由於仍在發展階段,該公司去年的純利只有480萬元人民幣。

以一間價值接近30億元的公司而言,估值是否合理可能只有公司比較清楚。華彩對新收購充滿信心,因為在2月時便在2.475元至2.95元回購了817萬股,而且早前在高位3.675元配售集資了6.6億元,現價1.98元較配售價已低了46%。但十分看好公司前景的話,為何不斷攤薄本身權益? 公司自去年5月已集資3次,發行6.1億股。是次收購方法約一半亦以發新股型式收購,作價2.4元,餘額5億元以現金支付。這5億元放在銀行的話,單是利息收入每年已達1,800萬元,或可幫助減少華彩的虧損。華彩中期虧損1,900萬元,在通告中亦指出不知道近日股價下跌原因。

不少近期累積一定升幅的公司上周突然急跌。投資要成功,首先想的不是要贏多少,而是要輸多少,計算風險是做生意一門主要學問。一些短線股價表現較為沉悶的公司如永安國際(289)或會被忽略,但其實不計每年5%以上股息收入,公司股價自沙士後已上升了3.6倍,而零售業務表現亦不斷改善。

不過,收租業務才是公司的主力,租金升值還未完全被反映在業績上。雖然透明度較低,但現價11.4元較每股資產淨值有42%折讓,即使折讓不收窄,現價仍吸引。

(20-02-06 刊於《am730》)

19 Comments:

At 11:25 AM, Anonymous Anonymous said...

World Of Warcraft gold for cheap
wow power leveling,
wow gold,
wow gold,
wow power leveling,
wow power leveling,
world of warcraft power leveling,
world of warcraft power leveling
wow power leveling,
cheap wow gold,
cheap wow gold,
buy wow gold,
wow gold,
Cheap WoW Gold,
wow gold,
Cheap WoW Gold,
world of warcraft gold,
wow gold,
world of warcraft gold,
wow gold,
wow gold,
wow gold,
wow gold,
wow gold,
wow gold,
wow gold
buy cheap World Of Warcraft gold p3i6m7uu

 
At 8:22 AM, Blogger oakleyses said...

longchamp handbags, michael kors outlet, prada outlet, burberry outlet, prada handbags, oakley sunglasses cheap, jordan shoes, tory burch outlet, nike shoes, michael kors outlet, gucci outlet, louboutin outlet, longchamp outlet, kate spade handbags, air max, nike free, coach outlet store online, ray ban sunglasses, louboutin, kate spade outlet, michael kors outlet, true religion jeans, tiffany and co, coach purses, louis vuitton, tiffany and co, oakley sunglasses, louboutin, ray ban sunglasses, louis vuitton outlet stores, burberry outlet, michael kors outlet, louis vuitton outlet, michael kors outlet, coach outlet, louis vuitton handbags, longchamp handbags, polo ralph lauren outlet, chanel handbags, michael kors outlet, christian louboutin shoes, oakley sunglasses, true religion jeans, louis vuitton outlet, coach factory outlet, air max, polo ralph lauren outlet

 
At 8:25 AM, Blogger oakleyses said...

nike air max, sac louis vuitton, true religion outlet, abercrombie and fitch, sac louis vuitton, hollister, north face, nike free pas cher, sac longchamp, ray ban pas cher, air max, ray ban sunglasses, vanessa bruno, louis vuitton uk, mulberry, lululemon, sac guess, converse pas cher, michael kors, true religion outlet, michael kors, oakley pas cher, nike roshe run, polo lacoste, ralph lauren, sac burberry, nike free, michael kors pas cher, nike roshe, air max pas cher, louis vuitton, louboutin, nike tn, hogan outlet, air force, nike trainers, air jordan, longchamp, air max, polo ralph lauren, barbour, north face, hollister, timberland, nike blazer, sac hermes, vans pas cher, new balance pas cher

 
At 8:29 AM, Blogger oakleyses said...

ugg australia, canada goose jackets, soccer shoes, ferragamo shoes, celine handbags, canada goose outlet, uggs outlet, mcm handbags, lululemon outlet, p90x, wedding dresses, canada goose, marc jacobs, asics running shoes, birkin bag, instyler, soccer jerseys, giuseppe zanotti, jimmy choo outlet, rolex watches, new balance shoes, ghd, chi flat iron, nike roshe run, north face jackets, mont blanc, mac cosmetics, babyliss pro, reebok outlet, ugg boots, ugg boots, insanity workout, hollister, vans shoes, beats by dre, ugg, bottega veneta, north face outlet, valentino shoes, ugg pas cher, nfl jerseys, herve leger, canada goose, canada goose, longchamp, canada goose uk, nike huarache, abercrombie and fitch

 
At 8:32 AM, Blogger oakleyses said...

louboutin, moncler, montre homme, hollister clothing store, lancel, moncler, moncler, karen millen, vans, louis vuitton, parajumpers, moncler, juicy couture outlet, links of london, converse, air max, swarovski, supra shoes, thomas sabo, ray ban, pandora jewelry, converse shoes, oakley, canada goose, toms shoes, gucci, juicy couture outlet, pandora charms, pandora charms, swarovski crystal, moncler, rolex watches, coach outlet store online, wedding dresses, iphone 6 cases, moncler outlet, canada goose, moncler, air max, ralph lauren, baseball bats, ugg, timberland boots, hollister, hollister, ugg

 
At 6:24 AM, Blogger midi haytham said...

شركة مكافحة حشرات بطريف
شركة مكافحة حشرات بالليث
شركة مكافحة حشرات بالجموم
شركة مكافحة حشرات بخليص
شركة مكافحة حشرات بالشرقية
شركة مكافحة حشرات بالقنفدة
شركة مكافحة حشرات بضباء
شركة مكافحة حشرات برفايع الجمش
شركة مكافحة حشرات بابو عريش
شركة مكافحة حشرات بالبكيرية
شركة مكافحة حشرات بتثليث
شركة مكافحة حشرات بسبت العلايا

 
At 6:25 AM, Blogger midi haytham said...

شركة مكافحة حشرات بالبدائع
شركة مكافحة حشرات بثول
شركة مكافحة حشرات بحقل
شركة مكافحة حشرات ببدر
شركة مكافحة حشرات ببارق
شركة مكافحة حشرات بالمخواة
شركة مكافحة حشرات بالنعيرية
شركة مكافحة حشرات بالنماص
شركة مكافحة حشرات بصفوي
شركة مكافحة حشرات بأملج
شركة مكافحة حشرات ببني مالك
شركة مكافحة حشرات بمهد الذهب

 
At 6:25 AM, Blogger midi haytham said...

شركة مكافحة حشرات بقلوة
شركة مكافحة حشرات بالبدع
شركة مكافحة حشرات بتنومة
شركة مكافحة حشرات بمرات
شركة مكافحة حشرات برابغ
شركة مكافحة حشرات بمحافظة هروب
شركة مكافحة حشرات بمحافظة الحرث
شركة مكافحة حشرات بعيون الجواء
شركة مكافحة حشرات ببلجرشي
شركة مكافحة حشرات بالعلا
شركة مكافحة حشرات بالجوف
شركة مكافحة حشرات بدومة الجندل
شركة مكافحة حشرات بسيهات

 
At 3:55 AM, Blogger ekhtsasy said...

شركة تنظيف بالدمام
شركة نظافة بالدمام
شركة تنظيف شقق بالدمام
شركة مكافحة حشرات بالدمام
شركة مكافحة الصراصير بالدمام
شركة مكافحة حشرات بالاحساء
شركة مكافحة حشرات بالجبيل
شركة مكافحة حشرات بالقطيف
شركة مكافحة حشرات برأس تنورة
شركة تنظيف منازل بالدمام
شركة تنظيف بالقطيف
شركة تنظيف شقق بالقطيف
شركة تنظيف بالاحساء
شركة تنظيف شقق بالاحساء
شركة تنظيف برأس تنورة
شركة تنظيف شقق برأس تنورة
شركة تنظيف بالجبيل
شركة تسليك مجارى بالدمام
شركة تنظيف مسابح بالدمام
شركة تنظيف خزانات بالدمام

 
At 2:16 PM, Blogger ninest123 Ninest said...

ninest123 10.07
michael kors outlet online, polo ralph lauren outlet online, michael kors outlet online, michael kors outlet store, christian louboutin shoes, oakley sunglasses, burberry handbags, louis vuitton outlet, burberry outlet, oakley sunglasses wholesale, christian louboutin outlet, longchamp outlet, nike air max, prada outlet, louis vuitton, michael kors outlet, replica watches, tiffany jewelry, oakley sunglasses, louis vuitton outlet, nike air max, nike outlet, uggs outlet, polo outlet, nike free, ugg boots, ray ban sunglasses, oakley sunglasses, louis vuitton outlet, michael kors outlet online, replica watches, ugg boots, uggs outlet, uggs on sale, louis vuitton, tiffany and co, christian louboutin, jordan shoes, christian louboutin uk, kate spade outlet, tory burch outlet, michael kors outlet, chanel handbags, longchamp outlet, prada handbags, longchamp outlet, ray ban sunglasses, ray ban sunglasses

 
At 2:17 PM, Blogger ninest123 Ninest said...

nike air max uk, longchamp pas cher, hollister pas cher, abercrombie and fitch uk, michael kors, kate spade, nike blazer pas cher, nike air force, converse pas cher, polo lacoste, nike free uk, coach purses, nike tn, nike roshe, hogan outlet, north face uk, coach outlet store online, new balance, burberry pas cher, timberland pas cher, true religion outlet, louboutin pas cher, jordan pas cher, sac longchamp pas cher, mulberry uk, hollister uk, ray ban uk, vans pas cher, nike air max, lululemon canada, ray ban pas cher, guess pas cher, sac vanessa bruno, oakley pas cher, michael kors, sac hermes, coach outlet, nike roshe run uk, polo ralph lauren, ralph lauren uk, true religion jeans, coach outlet, nike air max uk, true religion outlet, michael kors outlet, nike free run, air max, north face, true religion outlet, michael kors pas cher

 
At 2:19 PM, Blogger ninest123 Ninest said...

hollister, soccer shoes, insanity workout, vans outlet, mcm handbags, instyler, hollister clothing, babyliss, beats by dre, ghd hair, celine handbags, north face outlet, nike roshe run, longchamp uk, asics running shoes, hollister, nike huaraches, vans, new balance shoes, oakley, gucci, baseball bats, soccer jerseys, ralph lauren, wedding dresses, converse outlet, valentino shoes, nike trainers uk, herve leger, nike air max, ray ban, chi flat iron, bottega veneta, giuseppe zanotti outlet, nike air max, mont blanc pens, converse, hermes belt, timberland boots, abercrombie and fitch, reebok outlet, p90x workout, ferragamo shoes, iphone 6 cases, louboutin, lululemon, north face outlet, nfl jerseys, jimmy choo outlet, mac cosmetics, gucci handbags, cheap oakley sunglasses

 
At 2:22 PM, Blogger ninest123 Ninest said...

toms shoes, juicy couture outlet, canada goose, moncler outlet, moncler uk, louis vuitton, canada goose jackets, canada goose outlet, swarovski, michael kors handbags, ugg, louis vuitton, louis vuitton, moncler, ugg pas cher, moncler, canada goose outlet, lancel, karen millen uk, barbour, juicy couture outlet, pandora charms, canada goose, barbour uk, doudoune moncler, ugg,ugg australia,ugg italia, moncler, swarovski crystal, montre pas cher, canada goose outlet, louis vuitton, michael kors outlet, replica watches, canada goose uk, hollister, ugg uk, links of london, supra shoes, moncler outlet, doke gabbana, pandora jewelry, louis vuitton, moncler, pandora jewelry, marc jacobs, ugg,uggs,uggs canada, canada goose, thomas sabo, michael kors outlet online, pandora uk, wedding dresses, coach outlet
ninest123 10.07

 
At 12:09 PM, Blogger mmjiaxin said...

marc jacobs
nike foamposite
vans shoes
calvin klein outlet
ralph lauren outlet
michael kors outlet online
swarovski crystal
ferragamo outlet
cheap nike shoes
michael kors handbags sale
oakley,occhiali oakley,oakley italia,oakley occhiali,oakley sunglasses
moncler outlet store
the north face outlet
michael kors factory online
ralph lauren uk
nike air max
asics,asics israel,asics shoes,asics running shoes,asics israel,asics gel,asics running,asics gel nimbus,asics gel kayano
longchamp outlet
michael kors wallet sale
michael kors outlet
mm1128

 
At 9:44 AM, Blogger oakleyses said...

gucci handbags, longchamp pas cher, ray ban sunglasses, christian louboutin uk, nike outlet, burberry pas cher, prada handbags, polo outlet, nike air max, longchamp outlet, nike free, sac longchamp pas cher, louis vuitton outlet, longchamp outlet, prada outlet, kate spade outlet, cheap oakley sunglasses, longchamp outlet, nike roshe, oakley sunglasses, christian louboutin shoes, louis vuitton, oakley sunglasses wholesale, tory burch outlet, tiffany and co, tiffany jewelry, jordan pas cher, nike free run, oakley sunglasses, louis vuitton outlet, replica watches, uggs on sale, nike air max, ugg boots, oakley sunglasses, louboutin pas cher, louis vuitton outlet, christian louboutin outlet, ray ban sunglasses, jordan shoes, polo ralph lauren, chanel handbags, polo ralph lauren outlet online, air max, replica watches, christian louboutin, louis vuitton, ugg boots

 
At 9:47 AM, Blogger oakleyses said...

michael kors outlet, mulberry uk, north face, hogan outlet, ray ban pas cher, oakley pas cher, polo lacoste, nike roshe run uk, replica handbags, true religion outlet, lululemon canada, true religion outlet, hollister uk, michael kors, true religion outlet, coach outlet store online, sac hermes, timberland pas cher, abercrombie and fitch uk, michael kors outlet online, nike air force, ralph lauren uk, kate spade, coach purses, michael kors outlet online, hollister pas cher, nike tn, nike air max uk, nike blazer pas cher, michael kors outlet, new balance, ray ban uk, nike air max uk, coach outlet, burberry outlet, nike free uk, michael kors, michael kors outlet, burberry handbags, michael kors outlet online, vans pas cher, true religion jeans, michael kors outlet online, nike air max, north face uk, guess pas cher, uggs outlet

 
At 9:50 AM, Blogger oakleyses said...

iphone 6 plus cases, ghd hair, soccer shoes, timberland boots, ralph lauren, abercrombie and fitch, insanity workout, beats by dre, iphone 5s cases, north face outlet, vans outlet, bottega veneta, iphone cases, longchamp uk, iphone 6s plus cases, mac cosmetics, s6 case, ferragamo shoes, celine handbags, nike roshe run, iphone 6s cases, mont blanc pens, nike huaraches, oakley, iphone 6 cases, soccer jerseys, hollister clothing, instyler, nfl jerseys, nike air max, baseball bats, herve leger, chi flat iron, lululemon, hermes belt, hollister, giuseppe zanotti outlet, reebok outlet, nike trainers uk, north face outlet, jimmy choo outlet, valentino shoes, mcm handbags, ipad cases, asics running shoes, new balance shoes, wedding dresses, p90x workout, babyliss, louboutin

 
At 9:53 AM, Blogger oakleyses said...

canada goose jackets, ugg, ugg,ugg australia,ugg italia, coach outlet, swarovski crystal, doudoune moncler, supra shoes, moncler, barbour, pandora uk, toms shoes, wedding dresses, replica watches, moncler, hollister, marc jacobs, louis vuitton, canada goose outlet, converse, pandora charms, canada goose, canada goose outlet, links of london, converse outlet, canada goose, hollister, nike air max, barbour uk, juicy couture outlet, ray ban, ugg uk, gucci, canada goose uk, montre pas cher, pandora jewelry, louis vuitton, lancel, moncler outlet, pandora jewelry, ugg,uggs,uggs canada, juicy couture outlet, swarovski, canada goose outlet, moncler, vans, moncler uk, moncler, louis vuitton, thomas sabo, canada goose, louis vuitton, ugg pas cher, louis vuitton

 
At 1:35 AM, Blogger Liu Liu said...

There’s an all-Big Ten semifinal in the College Football Playoff. As christian louboutin shoes of now, anyway.

A Nike Roshe Run week after the teams ranked Nos. 2, 3 and 4 lost, Ohio State vaulted to No. 2 in Tuesday night’s College Football Playoff rankings. cheap nfl jerseys Michigan, which was No. 3 last week, NFL Jerseys held serve in the same spot while Clemson Nike Free Run fell from No. 2 to No. 4.

The likelihood of Michigan and Ohio State facing each other in the Playoff is, of course, very louboutin outlet small. The hated christian louboutin uk rivals face off on Nov. wholesale nfl jerseys 26. Assuming neither team loses on nfl jerseys store Saturday, Nike Air Max 90 the winner will remain in the top four while the loser will Nike Air Max 2015 Shoes likely fall out.

 

Post a Comment

<< Home