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曾渊沧专栏:地产股真正价值系……

目前,几乎所有的上市地产股的股价都远低于资产净值,原因之一是资产价值往往是以租值来推算,如果资产价值的推算是以年租值25倍为计算基础,那也相等于该物业每年收租回报率是4厘,PE值25倍。
Hong Kong tycoon Li Ka-shing who heads Hutchison Whampoa, waves as he leaves a press conference that announced the company's profits for 2008, in Hong Kong on March 26, 2009. Hong Kong port-to-telecoms conglomerate Hutchison Whampoa said its net profit for 2008 fell 42 percent, as one-off disposal gains had strongly boosted its earnings the previous year. Hutchison, said its net profit for 2008 stood at 17.66 billion Hong Kong dollars (2.3 billion USD), down from 30.60 billion dollars in 2007, total revenue for the firm which has holdings in ports, retail, property, energy, infrastructure and telecoms across the world rose 13 percent in 2008 to 348.37 billion USD.  AFP PHOTO / Antony DICKSON

曾渊沧专栏:揸了三十年的股票

李嘉诚旗下的股,不是高增长股,股价增长速度远远比不上股王腾讯(700),但是胜在稳健,同时派息年年增长,对长期投资者而言,派息年年增长是重要的,长和与长实的派息比率并不高,2017年度长和派息率是31%,长实则只有21%。
china98

曾渊沧专栏:贸易战升级货币战

特朗普指中国与俄罗斯操控货币币值,实际上,近期人民币兑美元是升值,而不是贬值。可见,特朗普已经不需要理由与事实来打这场贸易战,也打算把贸易战变成货币战。
曾渊沧博士是“股林大会”的其中一位主讲人

曾渊沧专栏:新“八万五”低调出笼

过去许多年,当股市连续下跌3个月后,楼市就会受影响而跟随下跌。如今,股市已经下跌了2个月,但是中原城市指数依然在创新高,似乎是在挑战这传统的智慧。