Author Archives: pcwong

Will Shale Oil Defaults Unravel The Banks?

Date: 19 Jan 2016 With oil price hovering near the US$30 per barrel range, intense pressure has shifted towards the shale oil producers, once touted as the swing producers, the US shale oil companies are facing the potential collapse, wrought on by years of over leveraging and unabashed borrowings. According

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Why We Cannot Ignore The Significance Of The Baltic Index

Date: 11 Jan 2016 The significance of the data from the Baltic Index cannot be overlooked. The index measures dry bulk shipping, which means shipment of raw materials if the index falls, it means that less raw materials are being shipped across the globe. Here’s what at stake: 1) Shipping

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China’s Gold Ambition

Date: 11 Jan 2016 The dotted lines are there. But the jigsaw pieces seem loose at the moment. These are the news: 1) China is the the largest importer of gold and it is the world’s largest gold miner. It is estimated that for more than a decade, China has

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China And Russia Continue To Accumulate Gold

Date: 24 Dec 2015 Recent reports on China and Russia purchase of the precious metal. China imports gold directly and also through Hong Kong which led many to believe that China has more gold than what was announced. THE DRAIN CONTINUES: U.S. Exports More Gold To Hong Kong Than It

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No Interest Rate Hike In October But…..

Date: 29 Oct 2015 Well the Federal Reserve had put interest rate on hold, but wording quite strongly that there could be a hike further down the road. The Federal Reserve has unwittingly painted themselves into a corner. By announcing that there will be a rate hike this year, to

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Deflation, Inflation And Gold

Date: 24 Oct 2015 Below is a very interesting article and reinforce my believe that gold could be the bright spark in the coming years. Within 2 days we have seen The ECB  (European Central Bank) maintaining its rates and hinting of further QE by year end if the EU

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About Trade Receivables and Trade Payables

Date: 25 Sept 2015 In any manufacturing business, most of the trade are done with credit terms. It is important that the ratio between Trade Receivables and Trade Payables are close to 1:1. This would at least ensure that the Amount Receivable is enough to offset the Amount Payable. If

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Using Google Finance and AAStocks

Date: 1 Aug 2015 Here’s some useful information about Google Finance. US, UK and Singapore stocks are on real time. Hong Kong stocks are delayed 15 minutes while Australia stocks are delayed 20 minutes. Google Finance is ideal to search for competitors within the same industry as discussed in Module 1.  Most of the business…

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Why You Should Never Ever Use Debt To EBITDA When Assessing A Company

Date: 31 Jul 2015 Although many analysts use Debt to EBITDA when assessing a company, I strongly discourage you NOT to use this measurement. Many companies use this measurement when they prepare their Summary Report for the quarter to paint a rosy picture. It DOES NOT. EBITDA is Earnings Before

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Measurements and Ratios

Date: 31 Jul 2015 Hi  , The Module 2 has some very technical ratios and measurements. So I think I give a detailed explanation of each.

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