- It did not publish any financial statement for 3Q, just some highlight, Tier 1 capital remain strong at 8.9% in 3q08 (8.8% in 2q08 & 9.3% in 4q07);
- It is the largest bank in the world, the 1st one to disclose issue on sub prime mortgage, 1st one to fund its CDS pool. It has a pretty global diversify asset portfolio.
- HK$80 or US$51.3 seems attractive, main concern is whether it can keep the growth in market such as Middle East, Hong Kong & China at the same time minimize / stop its loss in America & Europe.
11.18.2008
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