The Zhejiang provincial government owns two-thirds of Zhejiang Expressway Company Limited, a public corporation that invests in and operates toll roads within this prosperous province of eastern China.
Under Jianhu Luo’s leadership, Zhejiang Expressway’s Profitable Growth rank has fallen to below average.
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Materials look attractive as earnings growth is expected to be solid in both 2016 and 2017. Consensus expectations are EPS growth of 11.5% in 2016 and 16.1% in 2017 for the Materials sector.
Heath Care is the only sector that delivers an ROE of above 20% globally.
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In the Top 5 this week, we examine the death of stock splits, discover the consequences of risk taking, and learn from stock market disasters. All this and more…
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Though I personally find parables an annoying way of learning, the value of the messages within this book definitely stand the test of time. The richest man in Babylon’s secret is this, “A part of all you earn is yours to keep.” In other words, do not spend every penny you earn but invest it, and invest wisely.
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AirAsia earns revenues via seven business segments. Its main contributor is scheduled flights, comprising 55% of total sales. CEO Anthony Fernandez has served in his capacity since 2001, when he and several partners bought AirAsia from its former owners. AirAsia’s financial metrics have improved greatly in the last two years.
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Mr. Dhawan has built a large, publicly-listed company that is the number one supplement maker in both Thailand and Myanmar—Mega Lifesciences. Through Mega’s Wellness We Care Center and We Care range of foods, the company has started a new segment which aims to reverse and prevent disease by providing customers with diet plans and products so they can eat right.
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Book review of The Four Pillars of Investing: This book ranks 6 out of 22 in my personal rank of investing books. When read this book it provided further support for investing index funds, something that is suitable for nearly every investor.
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In the Top 5 this week, look back at history and how Wall Street has changed in 50 years, examine the cost of pride, and discover the most overlooked successful investing trait. All this and more…
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His Majesty King Bhumibol Adulyadej (Rama IX) passed away at Siriraj Hospital in Bangkok today, 13 October 2016, at 3.52pm. Thailand is sailing into unchartered waters, considering that nearly everyone alive has only known one King and that his fiat power was immense, built up over years of devotion to the country.
We expect that the Thai stock market will be hurt in the near term, but will eventually stabilize.
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Looking at ROE/PB, we then can see that Emerging Markets at 2016 7.4% ROE/PB are more attractive than Developed Markets at 5.7%. Even though Developed Markets have higher ROE, it’s less attractive on ROE/PB. Most ROE for the price-to-book you pay you’ll find in Emerging Europe where you get 13% ROE for every unit of PB.
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