Booking.com

Booking.com

Tuesday, August 22, 2017

永遠不要害怕失敗,倒下去了從新站起來,一次一次的挑戰,在痛苦中長大,成功就會出現!

永遠不要害怕失敗,倒下去了從新站起來,一次一次的挑戰,在痛苦中長大,成功就會出現!- 王薇 -

富人VS窮人到底差在哪? 哈佛大學最新研究9點揭秘

我们可应付中国需求吗?/白文春

Author: Tan KW | Publish date: Tue, 22 Aug 2017, 06:27 PM

2017年8月22日  谈经说法·白文春

谈经说法●白文春

本月初,我到泰国会见了当地的基金经理们。

我们大家都听闻曼谷的交通堵塞,随着建了高架铁路列车,当地交通情况理应有所改善,但事实恰好相反,情况看来比我几年前前往当地时所见更糟。

此趟行程,我搭乘高铁列车前往泰国办事处,但令我吃惊的是,车站人山人海,我无法在高峰时间顺利搭乘,只好等候下一班车。

我被告知,许多当地人改搭列车以避开公路上的漫长车龙,因某些时候,短短的距离也须耗上45分钟至一个小时车程。结果这却造成在当地营业的商家非常不便。

来到曼谷的国际机场,情况也不遑多让。不过,机场的车水马龙不是泰国人所致,而是人数多不胜数的中国游客。

当我抵达曼谷国际机场时,必须耗费超过一个小时时间才能通过海关检疫。

其实,这算是意料中事, 因为入境泰国的中国游客从2015年的约500万人次,于去年暴增至约800万人次。

游客经济贡献吃重

这相等于泰国人口约12%。2010年,入境泰国的中国游客还不到百万人次。

去年,入境泰国的中国游客人次,是入境大马的中国游客人次约4倍。

我曾在本栏提及,未来5年,中国市场对大马出口的重要。

我认为,未来,中国游客对大马经济的重要,与大马对中国市场的出口同等重要。

事实上,随着中国人日益富裕,预料会有越来越多中国人出国旅游。

2010年,出境中国游客约有6000万人次,但到了去年,已倍增至1亿2200万人次。

中国游客的到访,将在有关目的地进行消费,为当地经济带来可观收入,并促进经济增长。

当然,这也预料将带旺酒店及饮食业,以及餐馆业。我相信,涉及纪念品工业的中小企业也会从中受惠。

问题是,我们有能力吸引中国游客,但我们有做好准备迎接大批中国游客到访吗?

我相信,大马拥有所有吸引人的地点、活动及食品,可吸引中国游客来访。这取决于我们如何包装自己,做好自己的行销。

提升系统应对

更重要的是,我们需要确保,当中国游客大举来访时,我们有能力应付。

若以我从这次泰国之行的体验作为借镜,也许大马无法应付大量中国游客到访。

这主要因为我们的海关检疫、物流通关及酒店住宿等,无法应付如此大的人流。

我认为,我们须及早准备,并建立更好的系统来应对整个情况,以让中国游客留下美好印象,并一再来马观光。

对本地游客而言,中国游客大举到来,将推高旅游相关需求,连带的,也可能推高相关旅游产品与服务的收费与价格。

在一个自由市场,我们将难以控制价格的浮动,因此国人未来在国内旅游,可能须付出更高代价。

好事是,旅游业者将笑不拢嘴,并刺激经济活动,为本地人创造更多就业机会。

http://www.enanyang.my/news/20170822/%E6%88%91%E4%BB%AC%E5%8F%AF%E5%BA%94%E4%BB%98%E4%B8%AD%E5%9B%BD%E9%9C%80%E6%B1%82%E5%90%97%E7%99%BD%E6%96%87%E6%98%A5/

第三季财报疲弱.NOTION设备升级明年看好

Author: Tan KW | Publish date: Tue, 22 Aug 2017, 06:24 PM

2017-08-22 17:14

(吉隆坡22日讯)NOTION集团(NOTION,0083,主板科技组)2017财政年第三季财报疲弱,但分析员对集团业务前景趋向乐观,主要是管理层在现财政年积极投资,看好总体业务将在2018财政年首季开花结果。

值得一提的是,NOTION集团营运现金流持续改善,从去年的1650万令吉增至4090万令吉,若扣除货币对冲,净现金将达8510万令吉或每股26仙,肯纳格研究说,假设集团2018财政年资本开销为3000万令吉,预见2870万令吉的自由现金流将足以支付2018财政年1320万令吉或每股4仙股息目标。

硬碟业务将改善

肯纳格表示,NOTION集团2017财政年第三季财报逊色,主要受新厂整修和设备迁移等设置成本攀升,以及泰国硬碟业务传统淡季,但相信随着设置成本不再,加上硬碟业务转好,第四季盈利表现将趋向正常化。

与此同时,在新客户加持下,NOTION集团汽车电子煞车系统(EBS)零件业务蒸蒸日上,肯纳格相信随着集团明年投资至少20架电脑数值控制(CNC)机械,汽车零件业务未来2年销售量复合年均增长率有望达到至少30%。

其他业务也有好转迹象,该公司管理层预见第三方订单,甚至是采用氦气填充封装硬碟将驱动领域趋缓的增势,而相机主导的新工程产品环节赚益低迷情况则有望在2018年首季量产的高赚益新产品扭转。

综合以上因素,肯纳格维持NOTION集团2017至2018财政年盈利目标,“超越大市”评级和1令吉55仙目标价不变。

文章来源:星洲日报‧财经‧报道:洪建文‧2017.08.22


http://www.sinchew.com.my/node/1675119/%E7%AC%AC%E4%B8%89%E5%AD%A3%E8%B4%A2%E6%8A%A5%E7%96%B2%E5%BC%B1%EF%BC%8Enotion%E8%AE%BE%E5%A4%87%E5%8D%87%E7%BA%A7%E6%98%8E%E5%B9%B4%E7%9C%8B%E5%A5%BD

[转贴] 40条人际交往技巧,希望你越早知道越好

Author: Tan KW | Publish date: Tue, 22 Aug 2017, 05:27 PM

01) 稍微一亲近就口无遮拦的毛病必须改。

02) 多把“你听懂了没”换成“我讲明白了没”。


03) 别人给你发消息一定要回,就算不想聊也可以告诉他,哪怕是用表情或者标点来委婉的表达,不回消息不是高冷,是没教养。

04) 不要试着用自己的秘密去交换一个朋友。

05) 我见过纹身大汉在公交上让座,我也见过穿西服打领带的禽兽拿着公款大吃大喝,这个时代穿的靓丽帅气的不一定就是绅士,打扮的非常暴露的不一定就是婊子,不要以貌取人。

06) 圈子不同,不必强融。

07) 别把秘密告诉风,风会吹过整片森林。

08) 和谁都别熟的太快,不要以为刚开始话题一致,共同点很多,你们就是相见恨晚的知音。语言很多时候都是假的,一起经历的才是真的。

09) 人前不应该说的话,背后也别说。

10) 用“谢谢你”代替“谢谢”,虽然只是多了一个字,但是诚恳很多很多。

11) 一个女生在男生堆里受欢迎,说明不了什么,如果在女生堆里玩的开,那是真厉害。

12) 一个整天笑嘻嘻的女生永远比一个忧郁的女生来得讨喜。

13) 别人在睡觉的时候要懂得安静。

14) 不要没经过同意就随便看别人手机。

15) 别人拿手机给你看照片的时候,你好好看着就行,不要手贱滑下一张。

16) 有两种人值得信任:二话不说借你钱的人,信守承诺还你钱的人。

17) 交浅别言深,情深别刻薄。

18) 麦兜说:有事情是要说出来的,不要等着对方去领悟,因为对方不是你,不知道你想要什么,等到最后只能是伤心和失望,尤其是感情。

19) 逢人只说三分话,不可全抛一片心。

20) 打破别人的喜悦这是一件很没礼貌的事情。你们应该都有体会。

21) 在拒绝这件事上,越简单越好,明明是别人需求自己帮忙,解释半天变成自己亏欠了别人的感觉,帮得上,想帮就帮,帮不上,就拒绝。人际交往,简单明了有时最恰当,懂得拒绝,才可以洒脱不纠结。

22) 哪怕你遇到高富帅白富美或者王思聪这样的好伙伴,人际关系永恒的定律就是平衡交易。永远别想着靠任何人。

23) 别人在跟你说他喜欢的东西时,希望你不要反驳,因为我们都很认真的在说,而你却说我们喜欢的东西有多么不好,你的直白,只是自私。

24) 不熟的人别乱开玩笑,熟的人也是。

25) 不要在讨厌的人面前露出你讨厌Ta的神情,不要在认识你讨厌的人的人面前说你讨厌的人的坏话。

26) 别对朋友说狠话,恶语最伤人。

27)请对待服务行业人员态度好点。

28)初次见面时要努力记住别人的名字。

29)在最愤怒时忍住最伤对方的那句话。

30) 不说狠话,不做软事。

31)别人可以自嘲但是你千万不能附和。

32) 大多数人都不喜欢心直口快。

33) 目光放远一点,你就不伤心了。

34) 别有事没事跟别人诉苦,这世上能感同身受的人很少,大部分人听听也就烦了,还有少部分人会当做笑柄到处去宣传。

35) 你生气或者内心负面情绪满满的时候,不要把负能量带给他人,更不要宣泄愤怒。如果你做不到,难过的时候最好一个人呆着。因为不是所有人都是你的亲人和很好的朋友,在别人看来这都是没有缘由就被你散播了负能量的行为,日子久了,别人就不愿意接近你了。

36) 有了男朋友之后,不要断绝所有朋友联系,因为最后当你男朋友丢了,你会发现你一无所有了 。

37) 永远不要对一个人的努力嗤之以鼻。

38) 三人行。一人系鞋带。你俩等他一下。

39) 不要为了人际关系,逼着自己做好人。要做一个经常做好事的坏人,而不是一个不能做坏事的好人。

40) 无论我告诉你什么道理,当你的心智没有达到这个境界或接近的水平时或经历过一些事情的时候,你是不会理解这个道理的。或者你以为你知道这个道理,其实你不知道。

是风是雨总会来,该懂的道理总会像肥肉一样,日渐成为你身体的一部分。

愿前面的40条建议你一眼就明白,也愿你人生大好年华,可以闲庭信步慢慢走,就等时间都经过。

4 financial ratios to screen for potential investment ideas fast By Adam Wong

4 financial ratios to screen for potential investment ideas fast By Adam Wong on May 2, 2016



We have an investment process that we use to analyze any potential investment idea. The process consists of four quadrants:
Business. The growth, risks, and competitive advantage of a company’s business model
Management. How talented and shareholder-friendly is the management team?
Financials. The financial performance of a company over the last 5-10 years
Valuation. Is the stock currently undervalued?

Now it can take quite a bit of time to analyze a company across all four quadrants – especially the business and management quadrants. Understanding a company’s business model (along with its myriad moving parts) and evaluating key management behavior requires effort and research. Many times, the information may not be easily available as well.

Financials and valuation on the other hand are done a lot faster. Because these quadrants deal with numbers and hard data, it’s easy to see whether or not a company has been performing over the last few years. Financial numbers and ratios are also objective (to a certain extent) and data is easily available online for the most part.

Because of this, it makes sense to start with financial figures and ratios to analyze a company and screen for potential investment ideas. It’s more efficient to spend 15-30 minutes looking at a company’s financials before deciding whether it’s worth pouring more time into further research. It’s pretty straightforward: If a company’s financials are poor and doesn’t pass our criteria, we bin it and move on to the next one (like a blind date gone bad).

So the question now is which financial metrics and ratios do we use to screen for potential ideas — and weed out the rest? Here are four we use for a start:
Revenue growth. Is the company growing at a decent growth rate annually the last 3-5 years?
Net profit margins. The amount of net profit a company keeps from every dollar of revenue. The higher, the better. A net margin of 10% and above is good.
Return on equity. The amount of net profit a company generates for every dollar of equity. The higher, the better. An ROE of 15% and above is good.
Debt/equity. The proportion of debt and equity used to finance a company’s assets. The lower the ratio, the less debt a company has. A ratio below 0.5 is ideal.

A quick way to screen for companies that pass these criteria is to use a screener. There are many options out there. Some like ShareInvestor’s Web Pro have pretty comprehensive features but cost around $200 a year. If you prefer a free version, StockFacts by our very own SGX is good too.

Let’s plug in our criteria into SGX StockFacts:



Our inputs are:
Revenue must be growing at least 5% annually the last five years
Net profit margin is above 8%
ROE is above 15%
Debt/equity ratio is below 0.5

And here are the results…



Source: SGX StockFacts

As you can see, out of 776 companies listed on the SGX, only 21 pass our criteria. This drastically narrows down your focus and allows you to save time by concentrating on these companies.

Similarly, whenever you come across a potential stock investment, going through its financials first will let you know whether that idea is worth exploring further.

Let’s have a look at Q&M Dental’s (SGX: QC7) five-year financials.



Source: SGX StockFacts

With a quick glance, I can tell that the company’s revenue has been growing steadily from $47.8 million in 2011 to $124.0 million in 2015. Gross profit and net income are both growing in lockstep as well with the latter more than doubling from $4.6 million in 2011 to $11.4 million in 2015. Diluted EPS is also inching up steadily.



Source: SGX StockFacts

Cash flow from operations is also growing steadily from $4.3 million in 2011 to $13.3 million in 2015. Net change in cash is more erratic due to cash flows from investing; Q&M has been slowing acquiring dental chains in Singapore.



Source: SGX StockFacts

Q&M Dental’s current ratio is also comfortable above 2.0 which means they have ample liquidity to meet their short-term liabilities. Debt/equity has always been below 0.5 except for 2015 when the ratio hit 0.73. This technically fails our criterion but since everything else looks solid so far, we can choose to find out why the company’s debt has increased last year and if the reason for the higher debt is justifiable. Cash conversion cycle is very short at just 16 days and was even negative a few years back (a good thing!).

I could go on but from a quick screen of its financials, Q&M Dental seems like a company that has been performing and growing steadily over the last five years and has relatively manageable debt levels. This, of course, doesn’t mean that Q&M Dental is already a great investment idea; we still need to do our full due diligence.

I’d want to dig deeper to understand the company’s business model, how it has been engineering its growth (is the growth organic or through acquisitions?), the competitive risks the company faces and whether the management is aligned with shareholder interests. Valuation would then be the final step before the company passes ALL four quadrants.

If you’d like to try out StockFacts for yourself, you can just head to SGX StockFacts directly. It’s free to use and as you can see, it can help you save quite a bit of time screening potential investment ideas for you.

Also if you’re young and new to investing, SGX is organizing My First Stock Carnival 2016 on 7-8 May at Ngee Ann City Civic Plaza at Orchard Road from 11am to 9pm. If you have a keen interest to learn how to start investing ‘hands-on’ and want to know more about how to set proper investment goals and make savvy investment choices, swing by to visit the carnival.

http://fifthperson.com/4-financial-ratios-screen-potential-investment-ideas-fast/

5 Reasons Why You Should Invest in Dividend Stocks By Adam Wong

5 Reasons Why You Should Invest in Dividend Stocks By Adam Wong on July 22, 2015

Here at The Fifth Person, we’re big on dividends – it’s a great way for many, many people to generate stable, passive income that will grow in time and allow them to retire financially free.

Granted, it’s not the only way to invest and we also employ other investment strategies (like value-growth investing) in our portfolio as well, but if what you’re seeking is a proven way to generate stable investment returns and high amounts of passive income, then dividend investing is the way to go.

If you’re still not convinced and you think dividend investing is too slow, boring, and can’t give you the best return on your investment, then let me give you 5 reasons why you should still invest in dividend stocks:
#1 Dividend Stocks Also Give the Best Capital Gains

A lot of times, investors have the misperception that all dividend stocks have slow growth and generate very little capital gains. While this may be true for some dividend stocks, the best dividend stocks are also the best capital gainers:



Source: Ned Davis Research

Ned Davis Research did a study on the S&P 500 from 1972-2013 and discovered that those stocks that grew their dividends over time also outperformed the rest of the index for capital growth. Every $100 invested in dividend growers grew to $5,997 compared to only $264 for non-dividend payers.
#2 Dividend Stocks Have Less Risk

Besides providing exceptional capital gains, dividend growers also outperformed with less risk! In other words, you stand to earn a higher return while facing lower risk. You no longer have to subscribe to the idea that “higher risk equals higher return”.



Source: Oppenheimer Funds (data from Ned Davis Research)

From the chart above, dividend growers again give the highest annualized returns (10.1%) while having the lowest standard deviation (16.1). A lower standard deviation means lower volatility and your returns are more stable.

So if you’re the sort that doesn’t enjoy the rollercoaster ride that is the stock market sometimes, dividend stocks are definitely your cup of tea.

[Pro Tip: Click Here for Our Quick 7-Step Guide to Picking the Best Dividend Stocks]
#3 Receive Stable Passive Income All the Time

We’ve already proved that dividend growers can give the best returns while having the lowest risk and it’s easy to see why: regardless of how the stock market moves up or down, good dividend stocks will always pay you your dividends every single time. And the best ones will pay you a growing dividend.

So it doesn’t matter if Greece will or will not exit the Eurozone or if China’s stock market bubble burst, as long as you hold on to your stock, you can trust that you’ll receive you dividends on time every year like clockwork.

So if your financial needs require you to generate stable passive income from your investments regularly, then dividend stocks suit your needs extremely well.
#4 Reinvesting Your Dividends Gives You Supercharged Returns

It’s already awesome enough that dividend stocks give you great returns, lower risk, and stable passive income, but if you can afford to wait a bit and delay spending your dividends today, then reinvesting your dividends can supercharge your investment returns:



Source: Triumph of the Optimists, Elroy Dimson, Paul Marsh and Mike Stanton, Princeton University Press, 2002, p. 145

From the chart above, investing in the U.S. index for capital gains alone will multiply your returns 198-fold – impressive enough. But if you reinvested your dividends, your total gain would be 16,797 – a return 8,400% higher! Incredible.

Investors always talk about the power of compound interest and in this case, the effect is drastically obvious if you just follow the simple rule of reinvesting your dividends today.
#5 Invest in the Best Companies in the World

Finally, investing in stocks that pay you stable and growing dividends year after year also means you’re investing in some of the very best companies in the world.

Why is this so?

The logic is simple. If a company can consistently pay you a growing dividend year after year, it means the company is also able to generate higher revenue, higher profit and, most importantly, higher cash flow to sustain its dividend growth. And only the best companies in the world with the most successful business models can do that every single year.

Take a look at the list of dividend stocks that have increased their dividend every year for at least the last 25 years:



Source: Dividend.com

On this list you can see some of best and most successful companies in the world today like Procter & Gamble, 3M, Coca-Cola, Johnson & Johnson, and Colgate-Palmolive. It’s no wonder that these ultra-successful companies have been able to increase their dividends year after year for more than 25 years; in fact, the top company on this list, Diebold, Inc., has increased its dividends every year for 61 years straight. Amazing.

[Pro Tip: A Step-By-Step Business Model Analysis of a Great Dividend-Paying Company]
The Fifth’s Perspective

As you can see, dividend stocks are awesome investments – they offer high returns, lower risk, stable passive income, and you can sleep soundly at night knowing that your money is parked with some of the strongest and most resilient companies in the world.

At the same time, we don’t recommend you buy a stock simply because it pays you a high dividend – that’s the most common mistake amateur income investors make. There’s a LOT more analysis to be done before you can identify a good dividend stock that’s not just able to pay you a high dividend but also sustainable and growing dividends many years (or decades) down the road.

That’s why in Dividend Machines we use a stringent 8-step investment process to screen and identify the best dividend stocks out there in the market. Because if a stock passes ALL eight steps, we know we have a winning dividend stock right in our hands.

So if being a successful income investor and receiving passive streams of growing dividend income sounds like your cup of tea, then isn’t high time you got started right away?

http://fifthperson.com/5-reasons-why-you-should-invest-in-dividend-stocks/