Financial Ratios

How to play the yield

Flick open the business pages of any newspaper and there is every chance you will find pundits advocating a defensive investing strategy for these turbulent times.

Monday, 16 July, 2012, 12:00am

More cheese for your chalk

United States President Barack Obama recently said the highest return available on any investment was the one made by parents in their children's educations. Everyone sort of knows this, but can this assertion be quantified?

2 Jul 2012 - 12:00am

Bank debt woes prompt insurance scheme plans

Beijing is looking into setting up a deposit insurance system to promote financial stability amid mounting worries about mainland banks' deteriorating asset quality.

Song Xiangyan, a deputy director with the international department at the People's Bank of China, said yesterday that the central bank would establish the system when the time was right.

15 Jun 2012 - 12:00am

Balance of payments

Illustration: Harry Harrison

The PE ratio comes up short for many analysts as they seek to determine returns, writes Jake van der Kamp.

30 Apr 2012 - 12:00am

Yield of dreams

It is axiomatic that a company's current share price simply reflects the present value of all dividends paid out over the lifetime of a firm. In other words, it's all about the dividends. Investors some day need to be repaid for their capital, through dividends or a share buyback.

26 Mar 2012 - 12:00am

Agbank profit disappoints

Agricultural Bank of China, the third largest lender by assets on the mainland, missed analysts' earnings estimates for 2011 after making large provisions for downturn risks.

23 Mar 2012 - 12:00am

Mid-sized lenders ask regulators to ease deposit ratio

Mid-sized mainland banks have urged the industry's regulator to ease loan-to-deposit ratios as they struggle to attract deposits and expand lending amid the broader economic slowdown.

15 Mar 2012 - 12:00am

Want Want reports tasty 17pc increase in profits

Want Want China Holdings, one of the mainland's largest snack and beverage makers, rose up to 5 per cent yesterday after reporting a better-than-expected 17 per cent jump in net profit last year.

7 Mar 2012 - 12:00am

BEA profit climbs 3.2pc but misses expectations

Shares of Bank of East Asia yesterday posted their biggest fall in two weeks after the city's third-largest lender reported thinning core capital and earnings that failed to meet analysts' expectations.

BEA said attributable profit rose 3.2 per cent last year to HK$4.36 billion, against average analyst target of HK$4.63 billion.

15 Feb 2012 - 12:00am

Dividend cuts lift pressure on mainland banks

Leading mainland banks were unlikely to resort to issuing new shares or debts to raise money this year, international rating agency Moody's predicted yesterday.

Christine Kuo, senior credit officer for financial institutions at Moody's, said the recent cut in dividend payments would save them from raising capital on a 'massive' scale.

8 Feb 2012 - 12:00am

Chow Tai Fook's eye-popping price justified by high growth

In these dark days for the Hong Kong stock market, the buzz surrounding this week's initial public offering by Chow Tai Fook Jewellery feels like a welcome return to bullish form.

Enthusiasts for the deal point to the jewellery retailer's 1,400 shops on the mainland and talk about Chow Tai Fook's enviable brand recognition among Chinese consumers.

29 Nov 2011 - 12:00am

As the storm clouds darken, Beijing relaxes its policy

As the global economic storm clouds darken, Beijing continues to ease its monetary policy settings, while strenuously denying that it is doing any such thing.

In the latest move, the People's Bank of China has cut the required reserve ratio for 20 small co-operative banks from 16.5 per cent to 16 per cent.

25 Nov 2011 - 12:00am

PCCW's trust spin-off is nothing but a cash grab

In early 2000, just before Richard Li Tzar-kai's PCCW made its takeover bid, Hong Kong Telecom boasted a market capitalisation of HK$215 billion. Adjusted for inflation, that would be HK$232 billion in today's money.

Now PCCW is hoping to spin off HKT in a deal that values the business at between HK$29.1 billion and HK$34.5 billion.

10 Nov 2011 - 12:00am

Minsheng sees fall in state loans

China Minsheng Banking Corp said outstanding loans to local government financing vehicles continued to drop in the third quarter and it expected capital levels to improve when it completes its latest bond and equity issuance.

1 Nov 2011 - 12:00am

Lenders struggle to attract deposits

Chinese bankers say shoring up their deposit bases is their greatest challenge - as deposits in the third quarter grew at their slowest pace in more than three years.

1 Nov 2011 - 12:00am