http://www.businessjive.com/ (an education on the illegal activity in the market regarding ftd's...or naked short selling. Every trader who trades in the pinks should know this and act on this...take back the right to a legal, healthy, free-trading market.)
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http://www.businessjive.com/ (an education on the illegal activity in the market regarding ftd's...or naked short selling. Every trader who trades in the pinks should know this and act on this...take back the right to a legal, healthy, free-trading market.)
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joel
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Re:CICHF.pk China Construction Bank - 2007/11/25 11:23 pmcrush wrote: What did I do to deserve you?! Sweethearts.
umm... ok?ceteris paribus "all things being equal" stocks:uyg
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joel
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Re:CICHF.pk China Construction Bank - 2007/11/25 11:44 pmlet me just say i nearly shat my self when i did the math
(In millions of RMB, except percentages) Total assets 5,824,793
5 824 793 000 000 Chinese yuan = 784.704463 billion U.S. dollarsceteris paribus "all things being equal" stocks:uyg
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HeywoodFloyd
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Re:CICHF.pk China Construction Bank - 2007/11/26 12:29 amjoel wrote: let me just say i nearly shat my self when i did the math
(In millions of RMB, except percentages) Total assets 5,824,793
5 824 793 000 000 Chinese yuan = 784.704463 billion U.S. dollars
Never believe anything anyone tells unless you can figure it out for yourself. (That includes everything I tell you.)
And yes, I am a member of the GGG and follow TG.
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joel
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Re:CICHF.pk China Construction Bank - 2007/11/26 12:35 amHeywoodFloyd wrote: joel wrote: let me just say i nearly shat my self when i did the math
(In millions of RMB, except percentages) Total assets 5,824,793
5 824 793 000 000 Chinese yuan = 784.704463 billion U.S. dollars
And the PPS is??? 0.935USD. WTH? This feels right. Oh so right. They could have a slow year and it'd still be INSANE.
yeah but i also left out
Total liabilities 5,491,763 5 491 763 000 000 Chinese yuan = 739.839328 billion U.S. dollarsceteris paribus "all things being equal" stocks:uyg
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joel
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Re:CICHF.pk China Construction Bank - 2007/11/26 12:37 amjoel wrote: HeywoodFloyd wrote: joel wrote: let me just say i nearly shat my self when i did the math
(In millions of RMB, except percentages) Total assets 5,824,793
5 824 793 000 000 Chinese yuan = 784.704463 billion U.S. dollars
And the PPS is??? 0.935USD. WTH? This feels right. Oh so right. They could have a slow year and it'd still be INSANE.
yeah but i also left out
Total liabilities 5,491,763 5 491 763 000 000 Chinese yuan = 739.839328 billion U.S. dollars
that leaves a meager
333 030 Chinese yuan = 44 865.1355 U.S. dollarsceteris paribus "all things being equal" stocks:uyg
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HeywoodFloyd
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Posts: 8227
Re:CICHF.pk China Construction Bank - 2007/11/26 12:37 amjoel wrote: HeywoodFloyd wrote: joel wrote: let me just say i nearly shat my self when i did the math
(In millions of RMB, except percentages) Total assets 5,824,793
5 824 793 000 000 Chinese yuan = 784.704463 billion U.S. dollars
And the PPS is??? 0.935USD. WTH? This feels right. Oh so right. They could have a slow year and it'd still be INSANE.
yeah but i also left out
Total liabilities 5,491,763 5 491 763 000 000 Chinese yuan = 739.839328 billion U.S. dollars
Never believe anything anyone tells unless you can figure it out for yourself. (That includes everything I tell you.)
And yes, I am a member of the GGG and follow TG.
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HeywoodFloyd
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Posts: 8227
Re:CICHF.pk China Construction Bank - 2007/11/26 12:38 amThe sheet seems to read a bit different than ours -- which is something I need to learn. I am not sure if they use the same GAAP stuff we do.http://www.freewebs.com/thefactoryfloor/
Never believe anything anyone tells unless you can figure it out for yourself. (That includes everything I tell you.)
And yes, I am a member of the GGG and follow TG.
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HeywoodFloyd
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Posts: 8227
Re:CICHF.pk China Construction Bank - 2007/11/26 12:51 amjoel wrote: joel wrote: HeywoodFloyd wrote: joel wrote: let me just say i nearly shat my self when i did the math
(In millions of RMB, except percentages) Total assets 5,824,793
5 824 793 000 000 Chinese yuan = 784.704463 billion U.S. dollars
And the PPS is??? 0.935USD. WTH? This feels right. Oh so right. They could have a slow year and it'd still be INSANE.
yeah but i also left out
Total liabilities 5,491,763 5 491 763 000 000 Chinese yuan = 739.839328 billion U.S. dollars
Never believe anything anyone tells unless you can figure it out for yourself. (That includes everything I tell you.)
And yes, I am a member of the GGG and follow TG.
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joel
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Posts: 1226
Re:CICHF.pk China Construction Bank - 2007/11/26 12:58 amHeywoodFloyd wrote: joel wrote: joel wrote: HeywoodFloyd wrote: joel wrote: let me just say i nearly shat my self when i did the math
(In millions of RMB, except percentages) Total assets 5,824,793
5 824 793 000 000 Chinese yuan = 784.704463 billion U.S. dollars
And the PPS is??? 0.935USD. WTH? This feels right. Oh so right. They could have a slow year and it'd still be INSANE.
yeah but i also left out
Total liabilities 5,491,763 5 491 763 000 000 Chinese yuan = 739.839328 billion U.S. dollars
that leaves a meager
333 030 Chinese yuan = 44 865.1355 U.S. dollars
Umm... 784.704463 - 739.839328 = 44.865B
LOL Meager?
I am wondering if liabilities include the loans being currently paid. If so, that number should be higher.
ooops! thought that was thousandsceteris paribus "all things being equal" stocks:uyg
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St.Barnard
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Re:CICHF.pk China Construction Bank - 2007/11/26 12:59 amHeywood, what caused the pps spike at end of July? couldn't find any news, so maybe just buying frenzy?I know, he's not a St.Bernard. But he's my bud, a Lab named Max.
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HeywoodFloyd
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Re:CICHF.pk China Construction Bank - 2007/11/26 01:13 amSt.Barnard wrote: Heywood, what caused the pps spike at end of July? couldn't find any news, so maybe just buying frenzy?
No idea... still trying to get reliable info. I'll have to talk to some people this week I think. There must be more info out there.http://www.freewebs.com/thefactoryfloor/
Never believe anything anyone tells unless you can figure it out for yourself. (That includes everything I tell you.)
And yes, I am a member of the GGG and follow TG.
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HeywoodFloyd
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Re:CICHF.pk China Construction Bank - 2007/11/26 01:21 amChina Construction Bank approved for 8-billion-dollar listing Posted on : 2007-09-07 | Author : DPA News Category : Business
Beijing - China's securities regulator on Friday approved a domestic listing for the China Construction Bank (CC that is expected to raise up to 8 billion dollars, state media said. Analysts expect the CCB to sell up to 9 billion yuan-denominated shares as early as this month, in what is likely to prove China's largest or second-largest stock sale, the Shangahi Daily newspaper said.
The share issue will account for up to 3.85 per cent of CCB's expanded total shares, the newspaper said.
CCB is one of China's four biggest commercial banks.
Another one of the "big four," the Industrial and Commercial Bank of China (ICBC), recorded the world's biggest IPO when it raised 19.1 billion dollars last October in a dual-listing in Hong Kong and Shanghai.
CCB recently agreed with Bank of America, the second-largest US bank, to set up a joint venture to lease power-generation and rail equipment in China with a registered capital of 4.5 billion yuan (592 million dollars).http://www.freewebs.com/thefactoryfloor/
Never believe anything anyone tells unless you can figure it out for yourself. (That includes everything I tell you.)
And yes, I am a member of the GGG and follow TG.
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EmCee
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Posts: 2405
Re:CICHF.pk China Construction Bank - 2007/11/26 01:22 amHeywoodFloyd wrote: The sheet seems to read a bit different than ours -- which is something I need to learn. I am not sure if they use the same GAAP stuff we do.
have no idea what this company is but if its running like a bank then its liablities arent the same as liablities for a retail company..Liabilities can be high for a bank if its their customers whom they are considering as liablities...
Lots of BS my mom said banks can put on their balance sheets to unbalance them when needed for tax resons and restructing.. She was assitant to the head banker at wells fargo in duluth for 20 years'TUrNiN pENNiES inTO dOLLaRS AN DOllarS INTO tHOUSaNds... SWVC- http://www.valuewiki.com/w/SWVC BLLZ- http://www.bullzisecurity.com/index.html
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HeywoodFloyd
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Re:CICHF.pk China Construction Bank - 2007/11/26 01:26 amChina Construction Bank posts 57-bln-yuan net profit in first nine months
BEIJING, Oct 27, 2007 (Xinhua via COMTEX) --
Company: China Construction Bank (CICHF)
China Construction Bank (CC, the country's second largest commercial bank, has posted a net profit of 57 billion yuan in the first nine months of this year.
The net profit for the third quarter alone was 22.8 billion yuan, said the bank in a statement. It did not give comparative figures.
The bank said its net interest revenue and net fee income from intermediary business, including distribution of mutual funds and insurance policies, expanded to 139.3 billion yuan and 22.9 billion yuan respectively in the Jan.-Sept. period.
By Sept. 30, the bank's bad loan ratio stood at 2.83 percent and its total assets rose by 17.6 percent to 6.4 trillion yuan from a year ago, said the bank.
The rival Industrial and Commercial Bank of China (ICBC), the country's largest lender, has reported a 66 percent year-on-year increase in its net profit in the first nine months of this year. While the smaller China Merchants Bank Co. more than doubled third-quarter profit to 3.9 billion yuan.
The CCB, which is 8.5 percent owned by Bank of America, sold nine billion shares in the Shanghai Stock Exchange last month, raising 58.05 billion yuan in China's third largest IPO this year. Enditem (One U.S dollar equals to 7.48 yuan)
Never believe anything anyone tells unless you can figure it out for yourself. (That includes everything I tell you.)
And yes, I am a member of the GGG and follow TG.
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HeywoodFloyd
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Re:CICHF.pk China Construction Bank - 2007/11/26 01:27 amEmCee wrote: HeywoodFloyd wrote: The sheet seems to read a bit different than ours -- which is something I need to learn. I am not sure if they use the same GAAP stuff we do.
have no idea what this company is but if its running like a bank then its liablities arent the same as liablities for a retail company..Liabilities can be high for a bank if its their customers whom they are considering as liablities...
Lots of BS my mom said banks can put on their balance sheets to unbalance them when needed for tax resons and restructing.. She was assitant to the head banker at wells fargo in duluth for 20 years'
Never believe anything anyone tells unless you can figure it out for yourself. (That includes everything I tell you.)
And yes, I am a member of the GGG and follow TG.
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HeywoodFloyd
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Posts: 8227
Re:CICHF.pk China Construction Bank - 2007/11/26 01:29 amConstruction Bank on Verge of A-Share Offer
BEIJING, Sep 05, 2007 (SinoCast China Financial Watch via COMTEX) --
Company: China Construction Bank (CICHF)
China Construction Bank (CCB, 0939.HK), the country's biggest property lender, released its A-share offering prospectus Monday.
CCB intends to sell nine billion Yuan-denominated A-shares. It has selected China International Capital Corporation Limited (CICC), CITIC Securities, and China Cinda Asset Management Corporation (Cinda AMC) as lead underwriters for the coming share sale.
Based in Beijing, CCB had total assets worth CNY 6.1 trillion as of June 30, 2007, with net assets hitting CNY 309.3 billion. Loans totaled CNY 3.1 trillion and deposits CNY 5.05 trillion.
It achieved up to CNY 99.3 billion in operating turnover from January to June 2007. Net profits in the period amounted to CNY 34 billion.
Capital adequacy ratio stood at 10.87% and core capital adequacy ratio 8.96%, showed the lender's interim report. China Banking Regulatory Commission currently requires a minimum 8% capital adequacy ratio for any local commercial bank.
In terms of individual loans, CCB is the biggest lender among the country's big four state lenders. It accounts for a 30.5% share in domestic individual loans market and a 21.7% stake in domestic home loan market, ranking as No.1 among all local peers.
As the country's second biggest commercial bank by assets, CCB now is striving towards a financial conglomerate. Earlier, it was said to form a life insurance company jointly with Ping An Insurance (Group) Company of China, Ltd. (Ping An, 2318.HK, 601318.SH), the country's second biggest insurer by premiums. CCB itself will take a 51% stake in the coming venture.
Also, CCB expects to set up a credit card joint venture in partnership with its foreign strategic investor Bank of America (BOA), who currently takes its 9% stake.
Late in 2006, CCB acquired the Bank of America (Asia) Limited from BOA and renamed it China Construction Bank (Asia) Corporation Limited.
In the renowned financial center Hong Kong, CCB runs another wholly-owned subsidiary China Construction Bank (Asia) Limited.
With the two Hong Kong-based subsidiaries, CCB vows to further extend its reaches in the SAR and even in the whole Asia-Pacific region.
As planned by the parent, China Construction Bank (Asia) Corporation Limited focuses on retail banking while China Construction Bank (Asia) Limited specializes in corporate banking, such as commercial loan, trade finance, home mortgage loan and project finance.
CCB listed in Hong Kong in October 2005, becoming the first out of the big four state banks to go public.
(USD 1 = CNY 7.55)
From www.p5w.net, Page 1, Tuesday, September 04, 2007 info@SinoCast.com
Copyright (C) 2007 SinoCast China Financial Watch. All rights reserved
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HeywoodFloyd
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Re:CICHF.pk China Construction Bank - 2007/11/26 01:38 amThis is curious:
Wednesday, September 13, 2000, updated at 20:40(GMT+8) Sci-Edu
China Construction Bank to Invest 3 Billion Yuan in Beijing University China Construction Bank signed a full-scale cooperation agreement with Beijing University recently, which said that Construction Bank will offer a loan of 3 billion RMB to Beijing University. So far, Beijing University is the first single university that obtains such credit support.
It is known that Beijing University will make use of the loan to build numbers of student apartments, teacher residences, classrooms, offices and a scientific academy covering 0.8 m square meters in the near three to five years. Moreover, most of students from poor families will share the grants from the university authority ever since and the Bank will also provide staffs with various housing mortgage loans. At the same time, Beijing University can take advantage of the investing services of Construction Bank to make its enterprise finance on the wide capital markets at home and abroad.
With the rapid growth of education industrialization and the implementation of the strategy that developing China through science and education, the traditional situation of tertiary education cannot meet people's demands. Universities and colleges should not only depend on the grants from the government any longer. So, they have to turn their eyes to the broader market. According to sources, Beijing University has been searching for such developing direction in the past few years and the 3 billion loans this time is actually preparing it for standing as one of the first-class universities worldwide.
In recent years, China Construction Bank has always been engaged in expanding its financial service in universities and colleges and making every effort to support the growth of education industrialization by its abundant capital and various business activities. So far, it has offered great support to a great many of national key projects as Zhongguancun High-tech Zone and developed a series of financial services specially aiming to universities such as individual studying loans.http://www.freewebs.com/thefactoryfloor/
Never believe anything anyone tells unless you can figure it out for yourself. (That includes everything I tell you.)
awm15
StockwireAdmin
that is expected to raise up to 8 billion dollars, state media said. Analysts expect the CCB to sell up to 9 billion yuan-denominated shares as early as this month, in what is likely to prove China's largest or second-largest stock sale, the Shangahi Daily newspaper said.