Markets the new racetrack for gambling addicts

Punting on stocks often involves no more skill than casino games.

John Brown is a part-time trader. He manages the habit alongside an interest in legalised gambling through the Jockey Club, although lately it is hard to distinguish between what he does in the share market and what he does at the racetrack. He has a gambling problem, and he trades stocks as an outlet.

Monday, 20 May, 2013, 4:18am

Ping An aims to cut equities weighting

The weighting of property investment in Ping An's portfolio could be raised up to 10 per cent from the current 1.5 per cent. Photo: Reuters

Ping An Insurance Group, the second-biggest insurer by premium, says it is gradually moving into property and corporate bonds to reduce its dependence on equity returns amid the raging volatility in capital markets.

16 Mar 2013 - 3:32am

The Italian job

The Italian job

Just when investors thought it was safe to get back into equities, the euro-zone crisis returned with a vengeance last week, with Europe's benjchmark Euro Stoxx 50 dropping 3 per cent on February 26, its worst daily loss since mid-2011. The severity of the correction following Italy's shock election results suggests the bulls were caught by surprise.

4 Mar 2013 - 4:08am

There's something about equities

Buffett's play for Heinz was spurred by its solid earnings. Photo: Bloomberg

Happy days are here again for equity investors. That's the message from a growing number of folk in the investment business, and they are putting their money where their mouths are. The year got off to a flying start in January with the FTSE All-World Index Series - which tracks equities - touching its highest level since June 2008.

25 Feb 2013 - 2:14am

Snakes and ladders for the upcoming year

Investors seem reassured by the choice of Xi Jinping for next president of China. Photo: Bloomberg

Investors have much to ponder. Interest rates remain absurdly low. Hong Kong investors who bought high-yield bonds in record volumes now worry rising interest rates may devalue these assets. Share prices are increasing in Hong Kong and globally, but investors must determine whether or not this is a false rally built on overly expansive central bank policies.

18 Feb 2013 - 4:23am

Brightoil slumps 11pc after loss warning

Brightoil slumps 11pc after loss warning

Brightoil Petroleum, which once attributed its previously above-industry profit margin to its "buy low, sell high" trading strategy, plunged 11.2 per cent yesterday after it warned it expected to post an interim loss and had broken a loan covenant.

18 Jan 2013 - 5:27am

What will the banks sell in 2013

Which way forward?

The new year has arrived and times are changing. There is less gloom about the euro zone, the United States steered clear of its fiscal cliff and the mainland economy seems to be spluttering back into shape. This has implications for investors.

7 Jan 2013 - 4:31am

Overall market volatility remains 'eerily low'

US elections, an imploding euro, QE3 and China's leadership transition have fuelled speculation about where markets will move. Photo: AFP

Nervous investors - and fund managers with monthly reports to write - can find any number of reasons to worry. The United States elections, an imploding euro, the third round of quantitative easing (QE3) and the predictable leadership transition in China have fuelled all kinds of speculation about where markets will move and why.

26 Nov 2012 - 9:35am

Late, and a few dollars short

Fosun may still be a good medium-term bet. Photo: Imaginechina

Last week, I wrote about the delay in the launch of Shanghai Fosun Pharmaceutical's equity offering in Hong Kong. As expected at the time, book building finally started on October 16 for what is an accelerated timetable (owing to the upcoming bank holiday) that will now see pricing on October 24, and listing and start of trading on October 30.

22 Oct 2012 - 1:54am

Tycoon 'may be behind' breach of ATV share deal

There was a 'good arguable case' that a mainland tycoon who bought into ATV induced the station's former owner and his brother to breach a deal they had agreed with Taiwanese billionaire Tsai Eng-meng, a High Court judge said yesterday.

12 Jul 2012 - 12:00am

The many benefits of a trust

The basic concept of a trust is simple - it's a legal arrangement where someone referred to as the settlor, donor or grantor transfers legal title of their assets to an individual or institution, known as a trustee.

22 Apr 2012 - 12:00am

Trust law reform aims to bolster competitiveness

A planned modernisation of Hong Kong's antiquated trust law aims to allow the city to better attract wealthy individuals and companies who want to set up investment and estate planning vehicles.

23 Mar 2012 - 12:00am

Law change delay costs HK millions

Delays in modernising Hong Kong's trust ordinance could be losing the city millions of dollars in professional fees and services, according to the Hong Kong Trustees' Association.

'The delay is very concerning because we are losing a lot of business to Singapore and Malaysia at a time when we should be attracting business,' says association chairman Carolyn Butler.

23 Oct 2011 - 12:00am

Clients look for simple answers

Two questions inevitably confront investors and entrepreneurs once they achieve a certain level of personal financial success: how to protect their wealth and who else should benefit from it.

23 Oct 2011 - 12:00am

Developer cannot begin building in Mei Foo before December hearing

A developer wanting to build a high-rise at Mei Foo Sun Chuen has no legal argument to secure an interim injunction preventing protesting residents from blocking the site because it is not in a position to start work, the Court of Appeal says.

16 Jul 2011 - 12:00am