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4241-4260 of 4600
usdsgd 1.3655
别 管 价 格 ， 专 心 做 生 意
http://www.eeo.com.cn/2023/0821/602131.shtml
https://investors.sgx.com/securities/stocks?security=O39
chartistkao1 ( Date: 31-Oct-2023 15:25) Posted:
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Cash standby from 2015 to 2022 for big selldown in good firms globally
https://transcripts.cnn.com/show/qmb/date/2009-11-03/segment/01
https://transcripts.cnn.com/show/qmb/date/2009-11-03/segment/01
chartistkao1 ( Date: 31-Oct-2023 15:22) Posted:
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after 2001 (9nov 2001)
Buffett on a Bargain Hunt
By DAN LONKEVICH
Aug. 12, 2002 12 AM PTBLOOMBERG NEWS
OMAHA &mdash Warren Buffett&rsquo s Berkshire Hathaway Inc. is on a $20-billion buying spree that some investors say has only just begun.
So far this year, Buffett has joined with Lehman Bros. Holdings to provide $2 billion in financing to energy concern Williams Cos., invested $100 million in telecommunications specialist Level 3 Communications Inc. and bought two gas pipelines--one from Williams for $450 million and one from Dynegy Inc. for $1.88 billion in cash and debt.
After spending $4.24 billion this year and more than $15.4 billion over the last two years, Buffett still has as much as $40 billion in cash and short-term investments available for acquisitions.
He said in his annual letter to shareholders in March that he wants to make acquisitions in the $5-billion-to-$20-billion range.
&ldquo Absent a major catastrophe, this should be Berkshire&rsquo s best year ever,&rdquo said Keith Trauner, an analyst at Fairholme Capital Management, which manages $33 million and owns Berkshire shares.
The stock market rout has created investment opportunities for Berkshire and also is helping the company&rsquo s insurance businesses maintain price increases instituted since the Sept. 11 terrorist attacks, which cost Berkshire $2.28 billion and the insurance industry about $58 billion.
Berkshire&rsquo s second-quarter earnings excluding investment gains or losses probably rose to $550 a share from $231 a year ago, according to a survey of analysts by Thomson First Call. The company is expected to report earnings after the market closes today.
&ldquo He&rsquo s buying great assets from companies whose holding companies are in distress,&rdquo said Fairholme&rsquo s Trauner. Kern River, the pipeline Buffett&rsquo s MidAmerican Energy unit bought from Williams, &ldquo is a great asset,&rdquo Trauner said, considering how much it would cost in time and money to lay a new pipeline.
Buffett, in his letter to investors, decried what he said was a lack of investment opportunities, saying Berkshire&rsquo s size as well as market conditions such as outsized valuations make it impossible to replicate the company&rsquo s past successes.
&ldquo Two conditions at Berkshire are far different from what they once were: Then we could often buy businesses and securities at much lower valuations than now prevail and more important, we were working with far less money than we now have,&rdquo he said.
The Oracle of Omaha also said he needed to find &ldquo elephants,&rdquo or large undervalued companies, to make significant gains.
&ldquo You could see him buying some elephants,&rdquo said Greg Lapin, an analyst at Citigroup Asset Management, which manages $409 billion and owns Berkshire shares.
Buffett missed an opportunity a few years ago to buy pharmaceutical stocks before they rallied, Lapin said. &ldquo He didn&rsquo t take advantage then but he might be interested in a basket of pharmaceutical stocks today,&rdquo he said.
Times have changed since the March 9 letter, investors say. The Standard & Poor&rsquo s 500 index has lost more than 26% and the Dow Jones industrial average has lost 22%.
Shares of Berkshire have lost more than 6% this year and rose $110 to $71,000 in trading on the New York Stock Exchange. They&rsquo ve outperformed the S& P 500 by 22% since March 9.
&ldquo This is the ideal market for Warren Buffett,&rdquo said Guy Spier, a money manager at Aquamarine Fund, which has 27% of its $30 million in Berkshire stock. &ldquo With the Dow cheaper, opportunities are likely to be better. If the Dow were down to 10 times earnings, he would be in even better shape.&rdquo
Buffett, who turns 72 this month, declined a request for an interview on possible acquisition targets. At his company&rsquo s 2001 annual meeting, he said asbestos litigation is a &ldquo cancer&rdquo that will keep stifling U.S. businesses. He also said Berkshire may buy companies forced into bankruptcy.
&ldquo He&rsquo s looking for things that are out of favor,&rdquo said Bill Batcheller, a money manager at National City Corp., which manages $70 billion and owns Berkshire shares.
Among the out-of-favor industries Buffett might be targeting are the asbestos, energy, insurance and pharmaceutical industries, investors said.
&ldquo Two years ago most people thought Buffett lost his touch,&rdquo Trauner said. &ldquo Sound balance sheets never go out of style. They can go out of favor but never out of style.&rdquo
So far this year, Buffett has joined with Lehman Bros. Holdings to provide $2 billion in financing to energy concern Williams Cos., invested $100 million in telecommunications specialist Level 3 Communications Inc. and bought two gas pipelines--one from Williams for $450 million and one from Dynegy Inc. for $1.88 billion in cash and debt.
After spending $4.24 billion this year and more than $15.4 billion over the last two years, Buffett still has as much as $40 billion in cash and short-term investments available for acquisitions.
ADVERTISING
&ldquo Absent a major catastrophe, this should be Berkshire&rsquo s best year ever,&rdquo said Keith Trauner, an analyst at Fairholme Capital Management, which manages $33 million and owns Berkshire shares.
The stock market rout has created investment opportunities for Berkshire and also is helping the company&rsquo s insurance businesses maintain price increases instituted since the Sept. 11 terrorist attacks, which cost Berkshire $2.28 billion and the insurance industry about $58 billion.
&ldquo He&rsquo s buying great assets from companies whose holding companies are in distress,&rdquo said Fairholme&rsquo s Trauner. Kern River, the pipeline Buffett&rsquo s MidAmerican Energy unit bought from Williams, &ldquo is a great asset,&rdquo Trauner said, considering how much it would cost in time and money to lay a new pipeline.
Buffett, in his letter to investors, decried what he said was a lack of investment opportunities, saying Berkshire&rsquo s size as well as market conditions such as outsized valuations make it impossible to replicate the company&rsquo s past successes.
ADVERTISING
The Oracle of Omaha also said he needed to find &ldquo elephants,&rdquo or large undervalued companies, to make significant gains.
&ldquo You could see him buying some elephants,&rdquo said Greg Lapin, an analyst at Citigroup Asset Management, which manages $409 billion and owns Berkshire shares.
Buffett missed an opportunity a few years ago to buy pharmaceutical stocks before they rallied, Lapin said. &ldquo He didn&rsquo t take advantage then but he might be interested in a basket of pharmaceutical stocks today,&rdquo he said.
Times have changed since the March 9 letter, investors say. The Standard & Poor&rsquo s 500 index has lost more than 26% and the Dow Jones industrial average has lost 22%.
Shares of Berkshire have lost more than 6% this year and rose $110 to $71,000 in trading on the New York Stock Exchange. They&rsquo ve outperformed the S& P 500 by 22% since March 9.
&ldquo This is the ideal market for Warren Buffett,&rdquo said Guy Spier, a money manager at Aquamarine Fund, which has 27% of its $30 million in Berkshire stock. &ldquo With the Dow cheaper, opportunities are likely to be better. If the Dow were down to 10 times earnings, he would be in even better shape.&rdquo
Buffett, who turns 72 this month, declined a request for an interview on possible acquisition targets. At his company&rsquo s 2001 annual meeting, he said asbestos litigation is a &ldquo cancer&rdquo that will keep stifling U.S. businesses. He also said Berkshire may buy companies forced into bankruptcy.
&ldquo He&rsquo s looking for things that are out of favor,&rdquo said Bill Batcheller, a money manager at National City Corp., which manages $70 billion and owns Berkshire shares.
Among the out-of-favor industries Buffett might be targeting are the asbestos, energy, insurance and pharmaceutical industries, investors said.
&ldquo Two years ago most people thought Buffett lost his touch,&rdquo Trauner said. &ldquo Sound balance sheets never go out of style. They can go out of favor but never out of style.&rdquo
More From the Los Angeles Times
chartistkao1 ( Date: 31-Oct-2023 15:12) Posted:
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什 麼 是 抄 底 ？ 抄 底 指 的 是 股 價 在 大 幅 度 的 崩 跌 之 後 ， 同 時 以 估 值 指 標 如 本 益 比 (PE Ratio)、 或 是 股 價 營 收 比 (PS Ratio) 衡 量 之 後 ， 估 值 指 標 同 步 顯 示 已 來 到 超 跌 水 平 ， 故 投 資 人 趁 此 時 機 快 速 買 進 ， 預 期 股 價 將 會 很 快 反 彈 的 操 作 策 略 。 在 空 頭 走 勢 中 ， 股 市 若 是 即 將 落 底 跟 築 底 時 會 有 哪 2個 消 息 面 ?
https://toujiao.sina.cn/article/detail/123
chartistkao1 ( Date: 31-Oct-2023 14:58) Posted:
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https://wiki.mbalib.com/zh-tw/%E6%8A%84%E5%BA%95
2020 to 2024
https://investors.sgx.com/securities/stocks?security=O39
chartistkao1 ( Date: 30-Oct-2023 17:36) Posted:
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usdsgd 1.3666
Published Mon, Oct 30, 2023 · 9:02 am Updated Mon, Oct 30, 2023 · 9:33 am
Ravi Menon is optimistic the broader economic spillovers from the conflict in the Middle East will be limited, as long as it does not develop into something more serious.
PHOTO: YEN MENG JIIN, BT
SINGAPORE&rsquo S monetary policy &ldquo remains appropriately tight&rdquo , according to the city state&rsquo s central bank chief Ravi Menon who signalled that authorities are not necessarily under pressure to do more even as regional peers turn hawkish.
Policymakers in the Philippines and Indonesia this month delivered surprise rate hikes to prop up their currencies and stem inflationary pressures. Goldman Sachs Group economists expect the two South-east Asian nations to take the rates higher.
Unlike most central banks that rely on interest rates to manage inflation, trade-reliant Singapore uses the exchange rate. The Monetary Authority of Singapore (MAS) kept monetary settings unchanged earlier this month and maintained the appreciating path of its exchange rate at its twice-yearly reviews in 2023. It will announce policy decisions quarterly from 2024.
&ldquo That&rsquo s the beauty of the trade-weighted exchange rate,&rdquo the MAS managing director said in an Oct 27 interview when asked whether he sees the need for Singapore to tighten policy further. &ldquo It&rsquo s regardless of how other countries&rsquo exchange rates move.&rdquo
Keeping it on an appreciating path means it is continuing to strengthen against other currencies and lowering imported inflation, exerting a restraining effect on the economy, Menon told Bloomberg Television&rsquo s Haslinda Amin.
While the Singapore currency has declined against the US dollar this year on a spot return basis, it has strengthened against seven of 10 larger peers in Asia including the Malaysian ringgit and yuan.
Menon, who is stepping down as MAS chief after 12 years and retiring from public service on Dec 31, stressed that more frequent policy announcement does not mean more frequent tweaks. The central bank, which made two unscheduled moves in 2022, is still keeping to its medium-term orientation, he said.
Markets understand that sometimes central banks have to adjust policy out of cycle, Menon said. But if it happens too frequently then it creates &ldquo apprehension&rdquo , he added.
Singapore&rsquo s monetary policy &ldquo remains appropriately tight&rdquo with the MAS&rsquo s closely-watched core inflation gauge expected to hit 2.5 per cent to 3 per cent at the year-end, he said. &ldquo So it&rsquo s mission not accomplished yet, but it&rsquo s on track.&rdquo
Menon, 59, started at the central bank in 1987. He did not disclose his post-MAS plans.
Singapore&rsquo s inflation cooled to an 18-month low in September and the economy did better than forecast in the third quarter. Still, declining exports are a worry.
The MAS was among the first to start tightening policy in the region in October 2021 to tame inflation even before price gains became pronounced. The rapid pace of price increases sparked by the post-pandemic reopening and exacerbated by the war in Ukraine caught policymakers and economists by surprise, Menon said.
&ldquo Nobody saw this coming,&rdquo he said. &ldquo In forecasting, you will never get it right all the time.&rdquo Generally, central banks have also done a decent job of managing price pressures and economic growth, he added.
Menon is optimistic the broader economic spillovers from the conflict in the Middle East will be limited, as long as it does not develop into something more serious.
&ldquo Many of us, including myself, thought that as central banks tightened monetary policy &ndash and this is the most rapid pace of tightening in decades &ndash that economies would necessarily have to tip into recession in order to purge out price pressures,&rdquo Menon said.
&ldquo At least now, we can imagine a pathway to lower inflation without necessarily having a recession,&rdquo he said, which authorities were less sure about a year ago. BLOOMBERG
Policymakers in the Philippines and Indonesia this month delivered surprise rate hikes to prop up their currencies and stem inflationary pressures. Goldman Sachs Group economists expect the two South-east Asian nations to take the rates higher.
Unlike most central banks that rely on interest rates to manage inflation, trade-reliant Singapore uses the exchange rate. The Monetary Authority of Singapore (MAS) kept monetary settings unchanged earlier this month and maintained the appreciating path of its exchange rate at its twice-yearly reviews in 2023. It will announce policy decisions quarterly from 2024.
Keeping it on an appreciating path means it is continuing to strengthen against other currencies and lowering imported inflation, exerting a restraining effect on the economy, Menon told Bloomberg Television&rsquo s Haslinda Amin.
While the Singapore currency has declined against the US dollar this year on a spot return basis, it has strengthened against seven of 10 larger peers in Asia including the Malaysian ringgit and yuan.
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Markets understand that sometimes central banks have to adjust policy out of cycle, Menon said. But if it happens too frequently then it creates &ldquo apprehension&rdquo , he added.
Singapore&rsquo s monetary policy &ldquo remains appropriately tight&rdquo with the MAS&rsquo s closely-watched core inflation gauge expected to hit 2.5 per cent to 3 per cent at the year-end, he said. &ldquo So it&rsquo s mission not accomplished yet, but it&rsquo s on track.&rdquo
Menon, 59, started at the central bank in 1987. He did not disclose his post-MAS plans.
Singapore&rsquo s inflation cooled to an 18-month low in September and the economy did better than forecast in the third quarter. Still, declining exports are a worry.
The MAS was among the first to start tightening policy in the region in October 2021 to tame inflation even before price gains became pronounced. The rapid pace of price increases sparked by the post-pandemic reopening and exacerbated by the war in Ukraine caught policymakers and economists by surprise, Menon said.
&ldquo Nobody saw this coming,&rdquo he said. &ldquo In forecasting, you will never get it right all the time.&rdquo Generally, central banks have also done a decent job of managing price pressures and economic growth, he added.
Menon is optimistic the broader economic spillovers from the conflict in the Middle East will be limited, as long as it does not develop into something more serious.
&ldquo Many of us, including myself, thought that as central banks tightened monetary policy &ndash and this is the most rapid pace of tightening in decades &ndash that economies would necessarily have to tip into recession in order to purge out price pressures,&rdquo Menon said.
&ldquo At least now, we can imagine a pathway to lower inflation without necessarily having a recession,&rdquo he said, which authorities were less sure about a year ago. BLOOMBERG
chartistkao1 ( Date: 30-Oct-2023 16:58) Posted:
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