Sunday, October 28, 2007
長信不如短訊
今日我終於換左我用超過3年既 NOKIA 6230 啦! 新既手機係最近出品既 6500C (我始終都係 NOKIA 既 HARDCORE FANS) 各位如果有興趣可以上去睇睇點樣...
http://www.nokia.com.hk/nokia/0,,103873,00.html
咁話說去到 NOKIA 店到買, 我問 SALES 可唔可以將舊電話裡面既相同資料,SMS 傳去新電話, 佢話要試一試...攪左一輪之後, 個位 SALES話我知 D SMS 唔可以傳過去新電話呀!!! >____< 裡面儲左我過去差唔多 4年幾既短訊... 最後我只係將3個短訊轉左去新電話......
今日呢件事令我即刻諗起呢隻歌...
求你要開心 要珍惜健康 盼你別要逼你自己忙
何以想親口說的不能講 要借助這短訊扮交往
十個call 六個call 亦算想念我
然後我 說懷念悔改都不妥
迷惑過 難受過 難得肯撩我
總有丁點感動過 再別見面能夠麼？
我未信 親口不敢說的短訊
要是你 敢開口表態便有種
我恨我 都不敢覆你的短訊
你共我 客套話無謂信 (我恨我 以退為進)
誰對我差得我甘心認輸 當你大概好友亦不容
而你敢勾引我稱呼“傻豬” 我憤怒過轉眼又寬恕
我未信 親口不敢說的短訊
要是你 你願意出來講聲有種
我恨我 都不敢覆你的短訊
我恨我 無了賴寧願信
和你已分開怕真的和好 你已被我打了入天牢
誰料到今天當手機是寶 你隻字亦要洗去做不到
http://www.nokia.com.hk/nokia/0,,103873,00.html
咁話說去到 NOKIA 店到買, 我問 SALES 可唔可以將舊電話裡面既相同資料,SMS 傳去新電話, 佢話要試一試...攪左一輪之後, 個位 SALES話我知 D SMS 唔可以傳過去新電話呀!!! >____< 裡面儲左我過去差唔多 4年幾既短訊... 最後我只係將3個短訊轉左去新電話......
今日呢件事令我即刻諗起呢隻歌...
求你要開心 要珍惜健康 盼你別要逼你自己忙
何以想親口說的不能講 要借助這短訊扮交往
十個call 六個call 亦算想念我
然後我 說懷念悔改都不妥
迷惑過 難受過 難得肯撩我
總有丁點感動過 再別見面能夠麼？
我未信 親口不敢說的短訊
要是你 敢開口表態便有種
我恨我 都不敢覆你的短訊
你共我 客套話無謂信 (我恨我 以退為進)
誰對我差得我甘心認輸 當你大概好友亦不容
而你敢勾引我稱呼“傻豬” 我憤怒過轉眼又寬恕
我未信 親口不敢說的短訊
要是你 你願意出來講聲有種
我恨我 都不敢覆你的短訊
我恨我 無了賴寧願信
和你已分開怕真的和好 你已被我打了入天牢
誰料到今天當手機是寶 你隻字亦要洗去做不到
Wednesday, October 24, 2007
Alibaba and the IPO Thieves
(Adopted from http://www.fool.com/investing/high-growth/2007/10/10/alibaba-and-the-ipo-thieves.aspx )
Alibaba and the IPO Thieves
By Rick Aristotle Munarriz October 10, 2007
In what appears to be another shrewd overseas investment, The Wall Street Journal reports, Yahoo! (Nasdaq: YHOO) is looking to buy $100 million worth of Alibaba.com stock in the Chinese trading site's upcoming IPO.
Keep in mind that Yahoo! already owns a piece of the popular e-commerce site that hooks up businesses looking to import and export goods in and out of China. Yahoo! paid $1 billion for a 40% stake in Alibaba.com's parent company, Alibaba Group, two years ago.
The market will tell the tale on how the new $100 million investment pans out, but the $1 billion investment in 2005 has appreciated considerably. According to the Alibaba.com term sheet, the site is looking to raise as much as $1 billion by selling a 17% stake to the public. So even if there isn't a pop at the open, Alibaba.com is valued at nearly $6 billion.
That's a lot more than the $2.5 billion that Alibaba Group was valued at when Yahoo! bought in two years ago. And Alibaba.com is just a subsidiary. Alibaba watches over several properties including Yahoo! China and Taobao.
If you're not familiar with Taobao, it's the consumer-to-consumer auction site that has been giving eBay (Nasdaq: EBAY) fits in China.
So it's easy to see why things can heat up for Yahoo! if the Alibaba.com IPO is a hit. A few healthy trading days can result in billions of unrealized gains for Yahoo! on paper. It would also be the catalyst to get investors to fully appreciate the company's diverse investments in hot Asian markets.
Investors often ignore the billions that Yahoo! has in play in Japan, China, and Korea. Even financial journalists can stray. Marketwatch ran a story yesterday, suggesting that Google (Nasdaq: GOOG) is cheaper than Yahoo!. The crux of the argument is that Google trades at a little more than 30 times next year's bottom-line target, while Yahoo! is valued at a substantially higher multiple.
Value is relative, as in your third cousin
The problem with relying on P/E ratios to value Yahoo! is that a good chunk of Yahoo!'s market cap is backed by its investments in Yahoo! Japan, Alibaba Group, and Gmarket (Nasdaq: GMKT). Yahoo! Japan is the biggest component of that, but a well-received Alibaba IPO can create a meaty addition in the portfolio that has mostly been up to guesswork in the past. The assumptions and wishful thinking end once the stock begins trading in a few weeks.
How big a pop will we see for Alibaba.com? Baidu.com (Nasdaq: BIDU) is China's most popular website. The search engine giant is valued at $11.2 billion. Could Alibaba double off its IPO price to lap Baidu? It can happen. Baidu's valuation may also creep higher in sympathy.
We can't rely on just Web traffic, of course. Search engines are lucrative, high-margin enterprises, but there's some serious money to be made in enabling business-to-business commerce, where Alibaba is a juggernaut. Just look at how well a company like LoopNet (Nasdaq: LOOP) is doing closer to home, hooking up buyers and sellers in the surprisingly resilient commercial real estate market. (Brush up on LoopNet's past quarter.)
Ultimately, it will be Alibaba.com's financials and the market's appetite for its growth story that dictate its worth. It's doing just fine on the fiscal front. Reuters reports that Goldman Sachs is forecasting a profit of $83.8 million this year, a sharp 186% spurt from 2006. That's actually better than Baidu, where Wall Street is looking for Baidu to grow its bottom line by 105%, to roughly $77 million this year.
The growth story is just as tantalizing. Alibaba accounts for more than two-thirds of the B2B online action taking place in China, sourcing goods for a growing list of small and mid-sized businesses in the world's most populous nation.
So Yahoo! knows exactly what it's doing in buying 10% of the freshly minted shares at the IPO price. As long as the Chinese stock market doesn't take a tumble between now and then, it's holding all of the right lottery tickets.
Can't get in on the Alibaba.com IPO? Join the club. Looking for a back door? Hop on Yahoo! to ride the coattails of a coattail rider.
Alibaba and the IPO Thieves
By Rick Aristotle Munarriz October 10, 2007
In what appears to be another shrewd overseas investment, The Wall Street Journal reports, Yahoo! (Nasdaq: YHOO) is looking to buy $100 million worth of Alibaba.com stock in the Chinese trading site's upcoming IPO.
Keep in mind that Yahoo! already owns a piece of the popular e-commerce site that hooks up businesses looking to import and export goods in and out of China. Yahoo! paid $1 billion for a 40% stake in Alibaba.com's parent company, Alibaba Group, two years ago.
The market will tell the tale on how the new $100 million investment pans out, but the $1 billion investment in 2005 has appreciated considerably. According to the Alibaba.com term sheet, the site is looking to raise as much as $1 billion by selling a 17% stake to the public. So even if there isn't a pop at the open, Alibaba.com is valued at nearly $6 billion.
That's a lot more than the $2.5 billion that Alibaba Group was valued at when Yahoo! bought in two years ago. And Alibaba.com is just a subsidiary. Alibaba watches over several properties including Yahoo! China and Taobao.
If you're not familiar with Taobao, it's the consumer-to-consumer auction site that has been giving eBay (Nasdaq: EBAY) fits in China.
So it's easy to see why things can heat up for Yahoo! if the Alibaba.com IPO is a hit. A few healthy trading days can result in billions of unrealized gains for Yahoo! on paper. It would also be the catalyst to get investors to fully appreciate the company's diverse investments in hot Asian markets.
Investors often ignore the billions that Yahoo! has in play in Japan, China, and Korea. Even financial journalists can stray. Marketwatch ran a story yesterday, suggesting that Google (Nasdaq: GOOG) is cheaper than Yahoo!. The crux of the argument is that Google trades at a little more than 30 times next year's bottom-line target, while Yahoo! is valued at a substantially higher multiple.
Value is relative, as in your third cousin
The problem with relying on P/E ratios to value Yahoo! is that a good chunk of Yahoo!'s market cap is backed by its investments in Yahoo! Japan, Alibaba Group, and Gmarket (Nasdaq: GMKT). Yahoo! Japan is the biggest component of that, but a well-received Alibaba IPO can create a meaty addition in the portfolio that has mostly been up to guesswork in the past. The assumptions and wishful thinking end once the stock begins trading in a few weeks.
How big a pop will we see for Alibaba.com? Baidu.com (Nasdaq: BIDU) is China's most popular website. The search engine giant is valued at $11.2 billion. Could Alibaba double off its IPO price to lap Baidu? It can happen. Baidu's valuation may also creep higher in sympathy.
We can't rely on just Web traffic, of course. Search engines are lucrative, high-margin enterprises, but there's some serious money to be made in enabling business-to-business commerce, where Alibaba is a juggernaut. Just look at how well a company like LoopNet (Nasdaq: LOOP) is doing closer to home, hooking up buyers and sellers in the surprisingly resilient commercial real estate market. (Brush up on LoopNet's past quarter.)
Ultimately, it will be Alibaba.com's financials and the market's appetite for its growth story that dictate its worth. It's doing just fine on the fiscal front. Reuters reports that Goldman Sachs is forecasting a profit of $83.8 million this year, a sharp 186% spurt from 2006. That's actually better than Baidu, where Wall Street is looking for Baidu to grow its bottom line by 105%, to roughly $77 million this year.
The growth story is just as tantalizing. Alibaba accounts for more than two-thirds of the B2B online action taking place in China, sourcing goods for a growing list of small and mid-sized businesses in the world's most populous nation.
So Yahoo! knows exactly what it's doing in buying 10% of the freshly minted shares at the IPO price. As long as the Chinese stock market doesn't take a tumble between now and then, it's holding all of the right lottery tickets.
Can't get in on the Alibaba.com IPO? Join the club. Looking for a back door? Hop on Yahoo! to ride the coattails of a coattail rider.
Wednesday, October 10, 2007
Y Stock Trade / Invest?
well this is just a blog post to match w the recent craze abt stock trading in HK... and as most frens know me as a "Stock Trader", i'd just wanna share my tots abt this (hah if u r expecting stock tips, come ask me in person... P.S. but not tat accurate at all LOL)
honestly the first notion of stock trade comes to my mind is tat it's like a game... in a sense tat it is exciting, giving moments of adrenaline rush (ups or downs) and satisfaction, and of course rewarding (but not consider in the first place... realli..) well since i've shown interest in numbers when i was at a v young age, i can clearly remember the stock quotes in news report caught my attention in primary school alreadi (like why HK stocks r ending in cents but US r in 16-denominator quotes), however, i've only hv 'contact' w stocks onli during my uni studies. I felt so much interested when i joined the simulated stock exch game, and can remember when i bought HK Telecom (now PCCW) at $26, and believing that HKEX is a gd stock n bought at sth like $1X... but these r still not real
it was only when i just grad from uni that i owned the v first stock (by my own money!), and i've kept it since then... and it was only since 2005 tat i tried to be 'stock trading' n later even 'warrant trading'... then i felt all the luvs n hates in this 'adult game' LOL
so wat i wanna say is tat dun treat stock trading is just a money making process, it's more like a mind training stuff n to enjoy this 'game'=p
honestly the first notion of stock trade comes to my mind is tat it's like a game... in a sense tat it is exciting, giving moments of adrenaline rush (ups or downs) and satisfaction, and of course rewarding (but not consider in the first place... realli..) well since i've shown interest in numbers when i was at a v young age, i can clearly remember the stock quotes in news report caught my attention in primary school alreadi (like why HK stocks r ending in cents but US r in 16-denominator quotes), however, i've only hv 'contact' w stocks onli during my uni studies. I felt so much interested when i joined the simulated stock exch game, and can remember when i bought HK Telecom (now PCCW) at $26, and believing that HKEX is a gd stock n bought at sth like $1X... but these r still not real
it was only when i just grad from uni that i owned the v first stock (by my own money!), and i've kept it since then... and it was only since 2005 tat i tried to be 'stock trading' n later even 'warrant trading'... then i felt all the luvs n hates in this 'adult game' LOL
so wat i wanna say is tat dun treat stock trading is just a money making process, it's more like a mind training stuff n to enjoy this 'game'=p
