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Diaxde Volunteers

Goddess of Spring and Love

Who is that calling from the depths of the forest? 
In the lonely silence of the dawn,
Like the exuberant voice of a silver bell;
Calling whom? 
Oh!  Goddess of Love! 
Goddess of Spring and Love.

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Sell Your Taiwanese Stocks!

Upon seeing Crystal Hsu’s business reporting on Taipei Times yesterday (July 2nd, 2009), something alerted me greatly.

I have been following stock markets since my days as an undergrad.  That’s more than 15 years ago.  And I don’t remember seeing the Taiwan’s broad stock market index averaging a p/e (price to earnings) ratio over 40 times.  According to Hsu’s report, Kevin Hsiao, the head of UBS Wealth Management Research Taiwan, had pointed out that that p/e ratio is the highest among all four “small dragons” of Southeast Asia.  Another observation on Hsaio’s data is that Taiwan’s p/e ratio is more than twice as large comparing against all the other three small dragons (Hong Kong 18.2x, South Korea 14.7x, Singapore 15.5x) and China (14.3x) and India (16.6).  Amazing.

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Newsflash

A US think tank has published a report based on the possibility that China might attempt a military takeover of Taiwan in less than 10 years time. Such a takeover is one of the “principal strategic challenges” the US could confront in the coming decades, the Center for Strategic and Budgetary Assessments (CSBA) said.

The paper is aimed at pushing the Pentagon and Congress into discussion and debate on possible longer-term military crises as they decide what weapons systems to buy.