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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


Lawyer and Chinese Nationalist Party (KMT) member George Wang yesterday prepares to file a lawsuit with the Taipei District Prosecutors’ Office over the unexplained loss of value of the party’s assets.
Photo: Chien Li-chung, Taipei Times

George Wang (王可富), lawyer and former legal consultant to Ma Ho-ling (馬鶴凌), yesterday filed suit against 13 elite members of the Chinese Nationalist Party (KMT) — including President Ma Ying-jeou (馬英九) — accusing them of breach of trust and embezzling NT$200 billion (US$6.3 billion) worth of party assets.

“Ma Ying-jeou is behind the unexplained depreciation of party assets,” Wang said as he filed the suit with the Taipei District Prosecutors’ Office.