June 11, 2017 at 09:39AM
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Twenty Practical Steps to Better Corporate Governance | The Corporate Secretaries International Association (CSIA)
Twenty Practical Steps to Better Corporate Governance | The Corporate Secretaries International Association (CSIA) Please click the li...
Showing posts with label 2017 at 09:51AM. Show all posts
Showing posts with label 2017 at 09:51AM. Show all posts
Sunday, June 11, 2017
The creator of Android explains how his new phone can take on Apple and Samsung
Justice Department argues Trump should be able to accept payments from foreign governments
June 11, 2017 at 09:39AM
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Sunday, June 4, 2017
Japanese asset managers will reveal AGM votes
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Asset managers under pressure to drive reform of the country’s corporate sector
June 04, 2017 at 09:47AM
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Sunday, May 21, 2017
U.S. Census Bureau Daily Feature for May 21: Life Insurance
LIFE INSURANCE
Profile America — Sunday, May 21st. Many things we take for granted in current society actually had their beginnings in Colonial…
May 21, 2017 at 09:43AM
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What Cooking Competitions Can Teach You About Dealing With Stress, Self-Doubt And Failure
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Chef Stephanie Izard shares some of the lessons she’s learned from a lifetime of competing.
May 21, 2017 at 09:48AM
from Leslie Wu, Contributor
Monday, May 15, 2017
AIDINDIA retweeted: It’s Getting Harder for CEOs Who Lie or Cheat to Escape the Ax – Bloomberg flip.it/QLiudC #corpgov
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AIDINDIA retweeted:
It’s Getting Harder for CEOs Who Lie or Cheat to Escape the Ax – Bloomberg
May 15, 2017 at 09:48AM
https://twitter.com/AIDIndia3/status/863977412463398916
from AIDINDIA
AF retweeted: Big Pharma can outsource dangerous polluting activities http://ift.tt/2ptexqn but not the #reputationalrisk on being found out. #corpgov
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AF retweeted:
Big Pharma can outsource dangerous polluting activities http://ift.tt/2ptexqn but not the #reputationalrisk on being found out. #corpgov
May 15, 2017 at 09:48AM
https://twitter.com/Gin4u1/status/863973597282545664
from AF
“Caring” with Other People’s Money – Townhall
Townhall |
“Caring” with Other People’s Money
Townhall Compassion for others is at the heart of many faiths. We’re blessed to be a blessing to others, but there’s no compassion in “giving” when the money comes from a government taxing others to provide the funds to do the “giving?” Charity is a personal … |
May 15, 2017 at 09:48AM
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AF retweeted: ‘They’ll get rich and go’: #Glencore’s McArthur River mine could take 300 yrs to clean up http://ift.tt/ZCXhB2 @stukhan #auspol #corpgov
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AF retweeted:
‘They’ll get rich and go’: #Glencore’s McArthur River mine could take 300 yrs to clean up http://ift.tt/ZCXhB2 @stukhan #auspol #corpgov
May 15, 2017 at 09:48AM
https://twitter.com/Gin4u1/status/863972678511861760
from AF
WholeBoardDevelopmnt retweeted: It’s Getting Harder for CEOs Who Lie or Cheat to Escape the Ax – Bloomberg flip.it/QLiudC #corpgov
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WholeBoardDevelopmnt retweeted:
It’s Getting Harder for CEOs Who Lie or Cheat to Escape the Ax – Bloomberg
May 15, 2017 at 09:48AM
https://twitter.com/WholeBoardDev/status/863972477797576704
from WholeBoardDevelopmnt
It’s Getting Harder for CEOs Who Lie or Cheat to Escape the Ax – Bloomberg flip.it/QLiudC #corpgov
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It’s Getting Harder for CEOs Who Lie or Cheat to Escape the Ax – Bloomberg
May 15, 2017 at 09:48AM
https://twitter.com/ghongovernance/status/863972249891737604
from Dora Koop
Future VR on mobile will look better than current VR on desktop, because of light field streaming
I recently spoke with Jules Urbach the CEO of OTOY about streaming high resolution light field renders that look better than anything on your desktop VR rig over webVR (imagine VR on the Gear VR that looks better than VR on the Oculus Rift) we also talked about Neural Lace. Urbach has also worked with Facebook to help develop their new 6 degrees of freedom video cameras, it’s like a 360 Rig but you can move inside the video once it is processed. http://ift.tt/2qdZJhC
submitted by /u/micah8
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May 15, 2017 at 09:31AM
from /u/micah8
Sunday, May 14, 2017
The terrifying untold story of QF72: What happens when ‘psycho’ automation leaves pilots powerless?
Wednesday, May 10, 2017
China Bank Earnings: Key Takeaways from Q1; Which Stocks to Buy
The top line weakened but the bottom line strengthened for Chinese lenders in the March quarter.
Signage for Industrial & Commercial Bank Of China (ICBC) Asia Ltd. is displayed at a bank’s branch in Hong Kong, China.
Photographer: Justin Chin/Bloomberg
Net interest margins on average narrowed 15 basis points to 2.07% from 2.22% a year ago, while net fees fell 4% compared to a year ago. China Minsheng Bank (1988.HK) saw the biggest decline in fees income with a 13% year-on-year fall, while Agricultural Bank of China (1288.HK) wasn’t far behind with a 12% drop.
Despite the weaker top line, net profit grew 2% on average in the March quarter for Chinese lenders as operating expenses declined. The average cost-to-income ratio fell to a record low 30% from 34% in 2016. Credit cost was stable at 1.4%, while non-performing loans remained largely unchanged at 1.63% of outstanding loans compared to 1.64% in 2016.
Nomura analyst Wendy Liu argues the March quarter was likely the trough for net interest margins this year. But Liu expects pressures on credit costs and capital ratios to remain for the rest of the year.
Meanwhile, pressure on credit cost and capital ratio may remain in the rest of the quarters in FY17F, leads to an 8% profit recession in FY17F. After staying largely flattish in 1Q17, NPL is likely to rebound moving into 2H17F for sectors such as real estate and construction as we noticed in 2H16 (+27bps h-h to 1.24% for real estate, +56bps to 2.3% for construction based on weighted average NPL ratio of covered banks).
Separately, banks with larger long-term overdue book vs NPL, including Ping An Bank (PAB; 1.6x (long-term overdue loans/NPL)), MSB (1.5x), Bank of Communications (Bocom; 1.4x) and CITIC Bank (1.2x), may face additional pressure if NPL recognition criteria tightens.
We see CET1 ratio declining in 2Q upon dividend distribution, and further weakening into 2H17F as risks unwind, of which ICBC and CCB likely to have highest CET1 by FY17F.
Liu’s top pick among Chinese banks is Industrial and Commercial Bank of China (1398.HK) given its decent liquidity franchise, strong capital base and prudent growth. She has a HKD7.15 a share target price on ICBC’s Hong Kong-listed shares, which implies 43% upside.
When facing potential headwinds and challenges as risks unwind, banks may differentiate among themselves on deposit franchise, risk profile and capital strength. Solid banks may demonstrate their strengths and lead the re-rating to book value while less resilient banks may underperform.
Liu isn’t a fan of Agricultural Bank of China and Bank of China (3988.HK), as well as smaller lenders. She has reduce ratings on ABC, BoC and all banks outside of the big four.
May 10, 2017 at 09:44AM
from Isabella Zhong
Why Japan Display is a Buy
Jefferies has upgraded Japan Display (6740.JP) to buy from hold.
A reflective color liquid crystal display (LCD), developed by Japan Display Inc.
Photographer: Kiyoshi Ota/Bloomberg
Analyst Atul Goyal argues there is compelling value in Japan Display relative to Sharp (6753.JP) despite both essentially being LCD panel makers.
The industry remains commoditized and we believe Hon Hai needs JDI to strengthen Sharp, therefore a potential Hon Hai put cannot be ignored. With recent guidance cut, bad news is in the price (stock fell 9%). This is not a stock for all portfolios / investors, but does offer value (rel to peer group). Up/g to BUY.
Japan Display shares are down 28% this year. The stock trades at 19 times forward earnings, which is well below the 56 times at which Sharp trades. Goyal argues the valuation discount to Sharp is unsustainable.
JDI’s market cap at c. ¥140b is smallest in the sector with Sharp >¥2,000b. In terms of PBR, JDI at 0.4x, while AUO and Innolux are at 0.6x and Sharp c. 30x. In terms of P/S, JDI at 0.14x is at a deep discount to Sharp’s 1.02x; AUO at 0.3x and Innolux at 0.4x. JDI only makes small sized panels. Sharp makes both small and large panels. Both segments face risk. Large sized panel market is staring at massive over-capacity from 2H17 onwards. Small sized ones face risk from OLED.
While OLED (Organic Light Emitting Diode) could eventually displace LCD (liquid crystal display) in the long-term, Goyal argues the dynamics for the industry look favorable in the near term.
Yes, there is no doubt that small-size LCD panel market does face existential risks from OLED (risk is for both JDI, LGD and Sharp). Samsung seems to have an unassailable lead. LG Display has a small chance of catching up. But neither Sharp nor JDI stand much of a chance in our view. OLED adoption starts this year, however, given limited OLED capacity there is room for profitable growth in this space for next 1-2 years. Beyond that existential risk remains.
The capacity for OLED panels for mobile phones is quite limited. Samsung is shifting LCD panel capacity to OLED and then dedicating that for Apple. That leaves very little supply for China makers (limited supply of LCD and little / no supply of OLED) and this could help JDI in near-med term.
Goyal’s target price of JPY282 a share implies 17% upside. Japan Display is expected to swing to a JPY12.93 a share profit in its current 2018 fiscal year from a JPY14.18 a share loss in fiscal 2017.
May 10, 2017 at 09:44AM
from Isabella Zhong
Sensex rises over 200 pts, reclaims 30K; Nifty50 hits fresh record high
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May 10, 2017 at 09:44AM
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Saturday, May 6, 2017
Employees’ Deposit-Linked Insurance (Amendment) Scheme, 2017
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(1) This Scheme may be called the Employees’ Deposit-Linked Insurance (Amendment) Scheme, 2017. (2) It shall come into effect from the date of its publication in the Official Gazette.
May 06, 2017 at 08:56AM
from admin
Saturday, April 29, 2017
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