Stock Commercial Bank for Industry and Trade report, The Beta is 1.52 Reference link: http://cafef.vn/hastc/CTS-cong-ty-co-phan-chung-khoan-ngan-hang-cong-thuong-viet-nam.chn Part 2: Nowadays, financial market keeps changing so fast, which would affect a lot almost investors, especially with efficient market. Post earning announcement drift (PEAD) is the tendency of stock returns to continue moving in direction of thee earning surprise for a year after the initial disclosure of earning. However, will
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fair value. The notion of fair value accounting is intuitive when applied to quoted investments such as equities, bonds, commodities, etc. that are carried in an entity’s balance sheet at their market value. This form of fair value accounting is often termed mark-to-market accounting. However, while market prices are one aspect of fair value measurement, the term is increasingly being used to describe measurement by other means. For example, accountants often arrive at an estimate of fair value for
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securing a government construction project through private financial initiative (PFI - company will build with own source of funding and government will pay later). Being a conservative businessman, his late father kept almost all the company reserves in cash (RM30 million), owned a few parcel of agricultural land in Malaysia (book value at RM40 million) and 5 shop-lots (commercial properties) in several parts of Kuala Lumpur. The total estimate market price of the whole commercial property is about RM20
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return, E(Rm) is expected return on market proxy and (i; is a measure of risk specific to asset i. This relationship between expected return on asset i and expected return on market portfolio is also called the security market line. If CAPM is valid, all securities will lie in a straight line called the security market line in the E(R), (i frontier. The security market line implies that return is a linearly increasing function of risk. Moreover, only the market risk affects the return and the investor
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NAV = Market value of assets - liabilities Shares outstanding HPR(Funds) = Income Dist. +Capital Gain Dist. +Ending NAV-Beginning NAV)Beginning NAV Portfolio Turnover = ($ Sold & Repurchased)Average Daily Assets Tax Efficiency = Tax-Adjusted ReturnPre-Tax Return Average Holding Period = 12 months / (portfolio turnover/100) HPR = (Ending Price-Beginning Price+Cash Divi.)Beginning Price Arithmetic Mean = Simple Average = (R1 + R2 + …+ Rn) /n Geometric
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Global Banking and Markets provides a full range of credit, risk management and investment banking products and services relevant to the financing and strategic development needs of our clients. Our products include investment banking, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, debt products, derivatives, foreign exchange and bullion & base metals. We also cross-sell the full range of wholesale products and services offered by Scotiabank. Position:
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Table 8 Market price and Book price of PepsiCo Inc. in 2011 and 2012 According to the analysis above, we can conclude that market price, book price, P/E ratio, and M/B ratio for PepsiCo Inc. in fiscal 2012 have an obvious increase comparing with those in 2011, and therefore, the performance of PepsiCo Inc. on common stock is relatively favorable. Market price increased about 20.7% from 2011 to 2012, and book price for common stock rose up 9.8% in the same period. P/E ratio and M/B ratio
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will look at applying the CAPM in calculating a project-specific discount rate, and will review the theory, and the advantages and disadvantages of the CAPM. Whenever an investment is made, for example in the shares of a company listed on a stock market, there is a risk that the actual return on the investment will be different from the expected return. Investors take the risk of an investment into account when deciding on the return they wish to receive for making the investment. The CAPM is a method
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the duty the corporate insider owes the company is now imputed to the friend and the friend violates a duty to the company if the corporate insider trades on the basis of this information. Are Financial Markets Efficient? Market efficiency levels Eugene Fama identified three levels of market efficiency: 1. Weak-form
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investors) for the bond you analyze. Your recommendation should be based on the bond's different yields, duration, company risk, default risk, interest rate environment, and a comparison of the expected yield with that of other similarly rated bonds in the market. Use the bond search function at the FINRA site and try to find bonds as close in major characteristics to your bond as you can. If their yields are very different, this may be indication of something very important in your bond. If they are all
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