SEM 7ELEVEN-MY best performance stock

Aim the bull with good trend up.

Deutsche Bank CEO John Cryan to its employees

德银CEO John Cryan周五向全体员工发了一封内部信，既为员工们打气，也为德银正名。他指出，德银的流动性储备超过2150亿欧元，市场的种种猜测是毫无根据的。过去20年来，德银的资产负债表从来没有像现在这样稳固。

以下为内部信全文，由华尔街见闻翻译：

亲爱的同仁：

你们已经看到，媒体报道称我们的几家对冲基金客户撤走了一些衍生品资产，由此引发了一些没有必要的担忧。我们应该把眼光放得更远一些：德银一共有超过2000万客户。

我理解，你们可能对连篇累牍的报道忧心忡忡。我们受到了很多猜测。无休止的谣言引发了股价大幅波动。

如今，我们的任务是防止这些歪曲的消息进一步影响到我们的日常业务。信用是银行业的基石。市场上的某些力量希望打破这种信用。

德意志银行拥有强大的根基。让我来给大家说几个最重要的事实：

1、我们满足所有的资本金要求，我们的重组正在有序进行。我们本周完成了旗下英国保险公司Abbey Life的资产出售，我们对华夏银行股权的出售马上就要完成。这将进一步提高我们的资本充足率。

2、近年来，我们大大降低了市场和公司债风险。过去20年来，德银的资产负债表从来没有像现在这样稳固。

3、尽管面临低利率等艰难的环境，我们2016年上半年实现了10亿欧元的税前利润。如果不计入重组成本等特殊项目，我们的利润为17亿欧元。这表明，德银有着强大的运营能力。

4、在如今的环境下，我们的流动性储备成为最重要的因素。目前，我们的流动性储备超过2150亿欧元。这是一个非常舒服的安全垫，也表明我们的计划确实很保守。这一点，无数的银行业分析师都是认可的。

因此，这些猜测都是没有根据的。而且，如果我们最终的和解标准和同行保持一致，美国司法部对我们的罚款并不会对我们的股价产生这么大的压力。

过去几天，大家都做出了巨大的努力。是你们在一线不断地与客户保持沟通，让他们明白德银的真实状况。你们就代表了德意志银行——这令人印象深刻。我们管理委员会的全体成员对此都赞誉有加。

请继续努力，就像你们一直以来做得那样。德意志银行现在很强大，并将继续保持强大。

附英文全文如下：

A message from Deutsche Bank CEO John Cryan to its employees:

Dear Colleagues,

You will have seen speculation in the media that a few of our hedge fund clients have reduced some activities with us. That is causing unjustified concerns. We should consider this in the context of the bigger picture: Deutsche Bank overall has more than 20 million clients.

I understand if you feel concerned by the extensive coverage on this issue. Our bank has become subject to speculation. Ongoing rumours are causing significant swings in our stock price.

It is our task now to prevent distorted perception from further interrupting our daily business. Trust is the foundation of banking. Some forces in the markets are currently trying to damage this trust.

Deutsche Bank has strong fundamentals. Let me mention some of the most important facts at this point: 1. We fulfil all current capital requirements and our restructuring is well on track. We completed the disposal of the British insurer Abbey Life this week and the sale of our stake in the Chinese Hua Xia Bank will be finalised soon. This will further improve our capital ratio.

2. We have significantly decreased our market and credit risk in recent years. At no point in the last two decades has the balance sheet of Deutsche Bank been as stable as it is today.

3. Despite low interest rates and a difficult environment we posted a pre-tax profit of about 1 billion euros in the first half of 2016. Before extraordinary items like restructuring costs, we earned about 1.7 billion euros. This demonstrates the operating strength of Deutsche Bank.

4. In a situation like this, the most important factor is our liquidity reserves. Currently they still amount to more than 215 billion euros. This is an extremely comfortable buffer. This is clear proof of how conservatively we have planned. This is acknowledged by numerous banking analysts.

There is therefore no basis for this speculation. Nor can uncertainty about the outcome of our litigation cases in the US explain this pressure on our stock price, if we take the settlements of our peers as a benchmark.

You have all done a tremendous job over the past few days. You are the ones who are in constant contact with our clients and making it clear how Deutsche Bank is really doing. You are Deutsche Bank – that is impressively clear. All of us in the Management Board highly appreciate it.

You will hear back from me soon. Please keep working as you have been doing so far. We are and we remain a strong Deutsche Bank.

Yours sincerely

Political related stock

CHINWEL: Good to keep or must keep?

I would say must keep must buy stock. Now is in aim the bull wave 1. Financial health wise no need to highlight as it now solid, cash rich and growing business. It is just matter of time building a strong uptrend.

SUCCESS: Success turnaround?

Yes, i would said yes as it's subsidiary SEB bleeding able to stop and SUCCESS will successful turn into profitable again. K securities is given target price 3 again, this is what I heard from kopi talk.

YLI : a loss making steel stock

YLI Holding Berhad : A loss making steel stock will given a chance to turnaround with better steel price?

I would say yes from 2 factors (1) better average steel selling price and (2) last March MYR 97 mil Langat 2 job awarded. Current price is at consolidation price and should be reaching the bottom already (hopefully i'm right). I will give a try on 0.465 with batch buying or full force If the price start turnaround. Current steel theme should be a motivator to attract buying.

Not a net cash company. Only interesting part is high retain earnings which has a chance to give 1:1 bonus issue. NTA 1.52, but it only meaningful when making overall bottom line as a gain.

(Share) Cash rich company

【假设一家公司有很多现金, 它可以做什么?】

马股有900多家上市公司, 净现金公司大约有200 - 300家左右。这些公司不是老牌的消费股, 就是盈利不断成长的优质公司, 因此才可以维持公司成长的同时还可以累积不菲的现金在手。而这些公司现金那么多, 它们都可以用来做什么??

1.派发股息
现金多的公司, 投资者当然希望公司会派发多点股息啦。而且偶尔也可以派发特别股息, 而MAGNI, LIIHEN, SUPERLN以及SAM等公司都在今年派发了特别股息。主要规功公司盈利率破新高, 派息也跟着成长。

2.收购其他企业
有了现金在手, 公司就可以收购其他比较小型的公司扩张。而TOPGLOV以及TGUAN手握大笔现金, 公司都不排除收购其他相关领域的公司。

3.容易跟银行举债
当公司的现金多, 也意味着公司的Gearing ratio比较低。这种公司假设突然要扩张急需大笔资金, 银行是很乐意借钱给你的。毕竟这种优良记录的优质企业, 倒债的机会比较低。

例子: KOSSAN以及HARTA等公司就是透过举债来进行增产计划。

4.容易度过金融危机
很多举债过高的公司在金融风暴就是因为资金链出现问题而倒闭。但是一些老牌公司就是靠着雄厚的现金度过一次又一次的危机。

现金牛的例子如下:
PANAMY
PADINI
HUPSENG
CSCSTEL

这些公司都有能力在经济低迷的时候维持派息, 原因就是有雄厚的现金做后盾。

有人说不借钱做生意的公司不容易把公司做大。笔者认为不同领域以及不同管理层都有自己做生意的一套。只要是公司盈利可以维持成长, 不管是净现金或者是借债公司都是好公司。

共勉之。

以下都是Net Cash Company的例子:
1. SUNCON
2. GADANG
3. HSL
4. ECONBHD
5. GKENT
6. PADINI
7. PANAMY
8. HLIND
9. HUPSENG
10. UCHITEC
11. CSCSTEL
12. LIIHEN
13. HEVEA
14. BPPLAS
15. TGUAN
16. SHL
17. CHOOBEE
18. RGB
19. KAREX
20. TOPGLOV
21. KOSSAN
22. LATITUD
23. HOMERIZ
24. KMLOONG
25. INARI
26. VITROX
27. MPI
28. SUPERLN
29. SAM
30. MAGNI
31. AWC
32. KERJAYA
33. WTK
34. LUXCHEM
35. OLDTOWN
36. SLP
37. FLBHD
38. POHUAT
39. JAYCORP
40. LCTH
41. PERSTIM
42. SCGM
43. ECS
44. CSCSENIC
45. FAVCO
46. PENTA
47. MMSV
48. SOLUTN