Tai's 2011 view

By , January 1, 2011 6:44 pm
  1. USD/VND up
  2. AUD/VND up
  3. USD/RMB down
  4. Gold unpredictable
  5. Worldwide inflation
  6. Currency war, countries deflate
  7. Cost management
  8. Budgeting challenges ~ trade deficit

2011: hot money into Vietnam equity & realty

By , December 9, 2010 6:45 pm

Price-to-book fabulously low compared to any most emerging markets. Q4 2010 might be the trough of VN Index.

Rising concern from debt gives way to equity

Q1-Q2 2010 was the trough of Vietnam real estate market, hot money in 2011 from Indochina Land, Capitaland et al…

Jakarta Composite Index continues to do well

By , November 10, 2010 6:50 pm

Put your money in a Jakarta Composite Index fund, go on vacations, and watch your value double year-to-year

Source: Bloomberg

Week ending 10/10/10 in news

By , October 9, 2010 6:56 pm

Exchange rates

Gold

Interest rates

Equity

Business models

2010: Portfolio Inventory cost escalates

By , October 6, 2010 6:57 pm

Funds managers aggressively re-balance their portfolio at end of month and enter new position when new month begins.

Project collaboration on Blackboard

By , September 16, 2010 7:00 pm

Dear Students,

Group feature on Blackboard can be used for project collaboration.

Specifically, a few features I find useful and actually use:

  1. File sharing
  2. Discussion board

These two substitute emailing back and forth, and serves as a version control tool (i.e. you keep track of what you edit through different versions).

How to use the feature

  1. If you do not see a link named ‘My Tools’, request the lecturer to Show that link
  2. From a course (subject) homepage, click My Tools
  3. Click Groups
  4. Create your group, name your group smartly
  5. Ask your members to join
  6. DO NOT join a group you are not a member of because by default setting, you cannot withdraw yourself from a group. If you accidentally join a group that is not truly yours, request me to remove you.
  7. Click ‘File sharing’ to start using the function
  8. Click ‘Group homepage’ to see who are in your group

Familiarizing yourself with systems available to you gives you a boost in managing your projects in both academic and professional environments.

Good luck

Tai

FINS3640 – Semester 2 2010 – Week 7

By , August 30, 2010 7:05 pm

Market reaction was good for both Intel and McAfee

By , August 22, 2010 7:06 pm

 

  • One-day loss for Intel is 3.52%, one-day return for McAfee is 57.07%
  • Considering the trend, the loss for Intel was rather low, indicating that market punishment was not as severe for acquisition of unrelated (software) business
  • My speculation is that perhaps the market was expecting a deal from Intel, as signaled by high trading volume and declining stock price prior to the announcement
  • The high return on MFE signals significant liquidity motivation to exit the company
  • INTC listing NASDAQ might have reduced the loss while MFE listing on NYSE might have increased the gain
  • My speculative view on strategy of the deal: apart from hardware security, Intel now has access to cloud security which can be used to offer complementary service to key cloud service providers i.e. Amazon, Salesforce… This strengthens Intel’s alliance beyond the long-standing one with Microsoft (which is currently lost in the cloud). Then what can would Intel do with an alliance? War against Apple?
  • Addendum: market reaction is favorable for Intel, signaling good corporate governance

Correlation between VN Index and other indexes 2006-2009

By , August 9, 2010 7:46 pm

US

DJIA: 0.7741

S&P 500: 0.7528

EU

FTSE: 0.7374

DAX: 0.8406

Asia & Oceania

NIKKEI 225: 0.7114

HSI: 0.6509

STI: 0.8519

CN SSE: 0.6936

ASX: 0.8507

Romance of three kingdoms

By , August 9, 2010 7:44 pm

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