Taiwan Tati Cultural and Educational Foundation

Upon seeing Crystal Hsu’s business reporting on Taipei Times yesterday (July 2^nd, 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.

Dear President Obama:

In this very special year, the 20th anniversary of the June 4th Tiananmen Square Massacre, I like to submit a poem commemorating this event by the Chairman of Taiwan Tati Foundation: Dr. Yang Hsu-Tung, who had been a long-time advocate of human rights, liberty and democracy…