Monday, February 24, 2014

數字遊戲

玩數字永遠叫人不亦樂乎,長遠房屋策略督導委員會倡未來10年建47萬伙,公私營以六比四方式發展,計一計,即私樓佔18.8萬伙,年供應1.88萬伙,但政府不是說,每年有兩萬伙私樓供應的嗎?那麼每年相差的1,200伙是怎樣解決?若果政府「承諾」說了算,那麼長策會份報告豈不是叫政府減少供應私樓單位數目?
又是運房局範疇的海底隧道問題,一年前,立法會文件披露,海底隧道(「紅隧」)每日車流量約12萬架次,遠超過其每日7.8萬架次的設計容量。相信有使用紅隧的也知道「塞爆」,偏偏政府卻話,車流量見25年新低,又話減少3,000架次,可惜車流量仍超出負荷能力,更重要的是,根本欠缺繁忙時段流量數字,若以全日計算,是否平均每小時5,000架次衡量,看似問題不大,但車流量真的是平均分配?
巴基斯坦NED大學完成一項為期兩年的研究,根據統計,估計交通擠塞令該國國民生產總值損失高達1.5%之多,那麼香港因紅隧擠塞而帶來的經濟損失又有多少,顧問報告有否提及,甚至曾作計算呢?
至於港交所(388)的盈利預告的通告也是高深莫測,大同集團(544)的通告題目為「盈利警告」,望清楚,去年預期的確會蝕錢,但其實虧損幅度將較2012年為少,真不知是正面還是負面。
另外,如單看爪哇控股(251)的盈利警告標題,以為純利下跌,但細心看一看,原來是投資物業重估盈餘的增幅較2012年為少所致,即純利(bottom line)看似減少,但收益及營業溢利在未計物業公平值變動前,其實將有所增長,即受非現金部分的帳面數所影響,在經營層面上實質有進步,或可視為假盈警是也。原來,佳華百貨(602)去年也欠缺如2012年錄得投資物業重估貢獻,令整體盈利下降,故要看核心利潤或較實際。
當然,錢賺多了,提早讓股東知道實屬好事,所以近期有不少「正面盈利預告」,但看到亞太資源(1104)那條標題:「正面盈利預警」,實在摸不著頭腦,若果是多賺了,為何要「警告」?如純利倒退,亦不會用「正面」,恐怕大家日後要看詳情方明白,原來該集團稱,中期溢利將大幅增長,主因靠聯營公司溢利增加,及撥回先前就兩間上市聯營公司帳面值所計提的減值虧損。
本周多隻大藍籌將派發成績表,可惜未見有正面盈利預告,相信升幅在五成以下,但或許看看派息金額會否慷慨一點,多少反映對業務前景的信心。至於財爺那份,早已不抱冀望了。

(2月24日刊於《am730》)

14 Comments:

At 9:19 AM, Blogger oakleyses said...

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

 
At 9:19 AM, Blogger oakleyses said...

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

 
At 9:34 AM, Blogger oakleyses said...

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

 
At 9:34 AM, Blogger oakleyses said...

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

 
At 5:57 PM, Blogger chenlina said...

chenlina20150615
michael kors outlet
tory burch handbags
michael kors outlet
oakley sunglasses
ghd straighteners
fendi handbags
michael kors uk
true religion sale
michael kors outlet online
cheap toms
chanel outlet online
insanity dvd
louis vuitton handbags
retro 11
hollister clothing store
michael kors
oakley sunglasses
michael kors
kate spade
fendi outlet
replica rolex watches
ray bans
michael kors outlet
coach outlet
christian louboutin outlet
toms wedges
polo outlet
pandora charms
coach outlet
toms wedges
timberland pro
michael kors handbags
discount oakley sunglasses
michael kors outlet
cheap jerseys wholesale
kate spade outlet online
red timberland boots
kate spade outlet
michael kors watches
hollister kids

 
At 10:30 AM, Blogger Lin Shijun said...

shijun 6.24
michael kors
cheap jerseys
louis vuitton
hogan outlet
hollister co
chanel bags
polo ralph lauren outlet
abercrombie
louis vuitton outlet
michael kors outlet online
true religion outlet
cheap toms
ralph lauren outlet online
michael kors purse
adidas running shoes
tods shoes outlet
michael kors outlet
louis vuitton outlet
louis vuitton
air jordan 4
true religion sale
pandora bracelets
jordan 11s
abercrombie
toms promo code
fitflops
abercrombie kids
coco chanel
michael kors
burberry outlet online
chanel handbags
ray ban outlet store
oakley vault
kate spade totes
christian louboutin outlet
oakley sunglasses
mulberry bags
tods sale
michael kors outlet online
hollister clothing store

 
At 11:29 AM, Blogger Jianxiang Huang said...

0812
chanel handbags
toms shoes
tommy hilfiger outlet
washington redskins jerseys
yoga pants,lululemon,lululemon outlet,lululemon athletica,lululemon addict,lulu lemon,lulu.com,lululemon.com
burberry outlet store, http://www.burberryoutletonlinestore.com.co
coach outlet
mulberry outlet
indianapolis colts jerseys
canada goose outlet
oakley sunglasses outlet
denver broncos jerseys
nike air max 2014
ugg boots, http://www.uggsoutlet.us.org
phil mcconkey jersey,odell beckham jr jersey,michael strahan jersey,chris snee jersey,larry donnell jersey,peyton hillis jersey,carl banks jersey,lawrence taylor jersey,phil mcconkey jersey,justin tuck jersey,michael boley jersey,chase blackburn jersey
jerome simpson jersey,marcus sherels jersey,phil loadholt jersey,tom johnson jersey
nike free run
jordan shoes, http://www.jordan-shoes.us.com
real madrid soccer jersey
supra footwear
ralph lauren uk
nike outlet store
air jordan 13
christian louboutin shoes
bottega veneta handbags
san antonio spurs jerseys
cheap jordans
cheap oakley sunglasses, http://www.oakleysunglassesdiscount.us.com
nike running shoes
air max 2014
mulberry outlet
nba jerseys, http://www.nbajerseys.us.com
nhl jerseys wholesale
kate spade handbags

 
At 10:31 AM, Blogger 艾丰 said...

jianbin1201
michael kors outlet sale
tory burch handbags
prada handbags
puma shoes
michael kors handbags wholesale
fitflop outlet
canada goose sale
michael kors online outlet
wedding dresses
michael kors handbags
uggs on sale
ugg clearance
tods shoes
bottega veneta outlet online
uggs outlet
links of london uk
replica watches
nike shoes
arizona cardinals
mont blanc
lululemon outlet store
miami dolphins
basketball shoes
cleveland cavaliers
michael kors handbags,michael kors outlet,michael kors,kors outlet,michael kors outlet online,michael kors outlet online sale,michael kors handbags clearance,michael kors purses,michaelkors.com,michael kors bags,michael kors shoes,michaelkors,cheap michael kors
michael kors outlet online
salomon speedcross 3
abercrombie fitch
iphone cases
cheap oakley sunglasses
louis vuitton uk
nike huarache
woolrich clothing
celine outlet online

 
At 2:53 PM, Blogger 柯云 said...

2015-12-30keyun
louis vuitton purses
air max 95
michael kors outlet
mont blanc pens
michael kors handbags
hollister clearance
abercrombie outlet
ray-ban sunglasses
ralph lauren outlet
louis vuitton outlet
cheap toms
ugg slippers
uggs for women
air max 95
jordan 11
coach outlet store online clearance
michael kors handbags
cheap uggs
marc jacobs outlet
chanel bags
hollister jeans
coach factory outlet
tiffany jewelry
uggs on sale
mont blanc mountain
mulberry uk
pandora charms
michael kors outlet clearance
gucci outlet
gucci bags
soccer shoes
abercrombie & fitch
christian louboutin shoes
uggs sale
beats by dr dre
michael kors outlet online
celine handbags
louis vuitton outlet
michael kors handbags
coach outlet

 
At 3:19 PM, Blogger ninest123 said...

ninest123 16.01
oakley sunglasses, cheap oakley sunglasses, michael kors outlet, louboutin, longchamp outlet, michael kors outlet, uggs on sale, nike air max, louis vuitton, louboutin shoes, christian louboutin outlet, polo ralph lauren outlet, burberry, ugg boots, michael kors outlet, nike air max, ray ban sunglasses, michael kors, ray ban sunglasses, michael kors outlet, replica watches, chanel handbags, jordan shoes, ugg boots, louis vuitton, prada outlet, oakley sunglasses, ray ban sunglasses, longchamp outlet, louboutin outlet, gucci outlet, louis vuitton, burberry outlet online, prada handbags, michael kors outlet, louis vuitton outlet, longchamp, replica watches, oakley sunglasses, polo ralph lauren outlet, tiffany jewelry, louis vuitton outlet, nike outlet, tory burch outlet, oakley sunglasses, tiffany and co, ugg boots, nike free, ugg boots

 
At 3:23 PM, Blogger ninest123 said...

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

 
At 3:25 PM, Blogger ninest123 said...

lululemon, birkin bag, iphone 6 plus cases, soccer shoes, ipad cases, baseball bats, insanity workout, valentino shoes, iphone 6 cases, north face outlet, s5 cases, mcm handbags, asics running shoes, vans shoes, mont blanc, oakley, celine handbags, gucci, ray ban, p90x workout, iphone 6s plus cases, north face outlet, new balance, ferragamo shoes, hollister, nike air max, vans, giuseppe zanotti, iphone 5s cases, reebok shoes, bottega veneta, mac cosmetics, iphone 6s cases, abercrombie and fitch, jimmy choo shoes, louboutin, timberland boots, nfl jerseys, nike roshe, babyliss, instyler, chi flat iron, iphone cases, ralph lauren, hollister, beats by dre, converse, soccer jerseys, herve leger, ghd, wedding dresses, nike air max

 
At 3:29 PM, Blogger ninest123 said...

coach outlet, doudoune canada goose, barbour, converse outlet, canada goose outlet, juicy couture outlet, barbour jackets, canada goose, juicy couture outlet, canada goose uk, toms shoes, pandora charms, ugg pas cher, pandora jewelry, ugg,uggs,uggs canada, louis vuitton, montre pas cher, swarovski, hollister, louis vuitton, swarovski crystal, marc jacobs, canada goose, moncler, thomas sabo, lancel, canada goose, wedding dresses, louis vuitton, replica watches, louis vuitton, moncler, moncler, sac louis vuitton pas cher, moncler outlet, pandora charms, links of london, karen millen, ugg,ugg australia,ugg italia, moncler, supra shoes, bottes ugg, doke gabbana outlet, moncler, pandora jewelry, moncler, canada goose, canada goose outlet, moncler, ugg boots uk
ninest123 16.01

 
At 1:41 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