The stock market has been scary enough... scared even more than Halloween.
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Participate in activities
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Bitcoin can be accepted... There is no reason not to approve it
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$PUBLIC FIN HOLD (00626.HK)$ 160 financial companies have gone out of business, according to local media quoting industry sources, a large number of small and medium-sized business owners burdened with bank and financial debts, unable to repay in a high-interest environment, leading to bankruptcy declarations, turning debts into bad debts. On the other hand, Hong Kong property prices have dropped by nearly 20% from their peak, meaning that even if the property is repossessed by the lender, the value of the collateral obtained is only about 20%, ultimately forcing financially weak lending companies to exit the market.
Reports indicate that the performance of the major 'financial' company, Public Finance, showed that credit loss expenses surged by 148% year-on-year to approximately 0.324 billion yuan last year, the significant losses mainly due to the devaluation of commercial property prices and public vehicle license prices. The company explained that it was due to a large commercial borrower and several lease loan defaults, reflecting that other collateral loans were also impacted by high interest rates. In addition, the government lowered the statutory interest rate cap for lenders from 60 basis points to 48 basis points starting December 30, 2022, significantly squeezing the profit margins of 'financial' companies; coupled with unfavorable factors such as the downturn in the Hong Kong economy, individual borrowers, and even small and medium-sized enterprises ending up bankrupt, increasing the risk of bad debts, indicating an economic downturn, making it difficult for 'financial' companies relying on lending to survive.
160 'financial' companies have gone out of business! Popularly known as 'financial' companies, financial companies have never worried about having no business before. However, according to data from the Companies Registry, the number of licensed lenders fell to 2,270 last year, a decrease of 144 from the previous year; by January this year, the relevant number dropped to 2,254, with a cumulative decrease of up to 160.
Reports indicate that the performance of the major 'financial' company, Public Finance, showed that credit loss expenses surged by 148% year-on-year to approximately 0.324 billion yuan last year, the significant losses mainly due to the devaluation of commercial property prices and public vehicle license prices. The company explained that it was due to a large commercial borrower and several lease loan defaults, reflecting that other collateral loans were also impacted by high interest rates. In addition, the government lowered the statutory interest rate cap for lenders from 60 basis points to 48 basis points starting December 30, 2022, significantly squeezing the profit margins of 'financial' companies; coupled with unfavorable factors such as the downturn in the Hong Kong economy, individual borrowers, and even small and medium-sized enterprises ending up bankrupt, increasing the risk of bad debts, indicating an economic downturn, making it difficult for 'financial' companies relying on lending to survive.
160 'financial' companies have gone out of business! Popularly known as 'financial' companies, financial companies have never worried about having no business before. However, according to data from the Companies Registry, the number of licensed lenders fell to 2,270 last year, a decrease of 144 from the previous year; by January this year, the relevant number dropped to 2,254, with a cumulative decrease of up to 160.
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$PUBLIC FIN HOLD (00626.HK)$ Today's shareholders' meeting decided to call the police.
The reason is that some shareholders don't talk about the number of cake cards...
Shareholders call the police if the disturbance process collides
The reason is that some shareholders don't talk about the number of cake cards...
Shareholders call the police if the disturbance process collides
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thank you moomoo for giving me myr10 x5 grab voucher by participating in this paper trade.....thank you very much
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What I learned in Hong Kong stocks
1) Value investment: When everyone thinks it's valuable, it has value first. The value you feel is completely worthless when no one recognizes it... What you need is a strong heart and a long wait, which can span a lifetime or longer
2) Trends: Trends are created by the market; there are winds and trends
3) Quality stocks: Quality stocks in country A are not suitable for placement in country B. The previous aura may be a bottleneck in the future, which is particularly evident in old-fashioned management
4) Shareholders' rights: 90% of the board of directors and management don't care about the rights of external shareholders or minority shareholders; they only care about their own and internal shareholders' rights. This situation is particularly evident when internal shareholders control a large share of shares
5) Cycle: Every stock and industry has its own cycle. The time of the cycle depends on changes in people's minds
6) Garbage: When everyone is speculating on so-called garbage, the best investment is to follow along. When the bubble bursts, three steps of arbitrage escape faster than others
7) Bubbles: If you have bubbles, you have dreams, although most bubbles are accompanied by hope and despair. But no foam is like a glass of boiling water, plain and odorless
8) Persistence and stubbornness can only be clearly distinguished after the fact. Geniuses and idiots alike
1) Value investment: When everyone thinks it's valuable, it has value first. The value you feel is completely worthless when no one recognizes it... What you need is a strong heart and a long wait, which can span a lifetime or longer
2) Trends: Trends are created by the market; there are winds and trends
3) Quality stocks: Quality stocks in country A are not suitable for placement in country B. The previous aura may be a bottleneck in the future, which is particularly evident in old-fashioned management
4) Shareholders' rights: 90% of the board of directors and management don't care about the rights of external shareholders or minority shareholders; they only care about their own and internal shareholders' rights. This situation is particularly evident when internal shareholders control a large share of shares
5) Cycle: Every stock and industry has its own cycle. The time of the cycle depends on changes in people's minds
6) Garbage: When everyone is speculating on so-called garbage, the best investment is to follow along. When the bubble bursts, three steps of arbitrage escape faster than others
7) Bubbles: If you have bubbles, you have dreams, although most bubbles are accompanied by hope and despair. But no foam is like a glass of boiling water, plain and odorless
8) Persistence and stubbornness can only be clearly distinguished after the fact. Geniuses and idiots alike
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