Life Term Strategies

1. Huge Gains in Long Term
- Receive significant capital gains
- by investing in corporations
- (with wide economic moat & average peers’ net margin)
- In very very long term

2. Strong Periodic Cash Flow
- Maintain self-sufficient monthly cash flow
- Through dividend, gains on derivative & short term trading
- For re-investment to item # 1 mentioned above

3. Mind for Risk Management
- Ensure strong cash position
- Maintain low risk by continue monitor, analyze & feel:
economic trend & environment,
market condition & investors emotion
corporate performance & outlook
asset allocation & direction

4. Be a holy Christian investor:
- Invest in wisdom & varies ways, but consistent & not over nor under of what the Holy Bible expects a Jesus follower should be
- Keep regular & long term spiritual growth
Continue experience God @ finance market
Aim for life transform opportunities
- Even though it may not teach Billy & Bilibala what stocks to invest nor how to make more, more & more $

10.14.2009

Manulife 3q09 results forecast

Bilibala think Manulife's 3q09 adjusted EPS will be about CA$0.64, down from CA$1.09 (reported EPS) in 2q09 and up from CA$0.34 in 3q08. Bilibala may be a bit optimal, but i think Manulife's 2010 Outlook will be great.

In 3q09, here are some highlights to calculate my estimated EPS figures:
  • Corporate spread down by 30-40 bps => positive
  • Risk free rate looks flat => neutral
  • Market volatility down slightly from 27% to 24.5% => slightly positive
  • Equity market doing great, up 9.8% in Toronto, 15.0% in USA and 14.0% in Hong Kong => positive
  • USD to CAD dropped 13.72% => extremely negative
  • as per 2q09 press release, management will put through $500M change in assumption (I think this figure will be around $300M instead of $500M) => negative

2010 Outlook

  • Corporate spread should looks flat => neutral
  • Risk free rate should go up => positive
  • Market volatility should go down => positive
  • Equity market should go up, but not as dramatic as 2009 => positive
  • USD to CAD?? I don't know, I still think USD will not continue to fall => n/a

Just add some Manulife today at $22.41. No change on my target fair value.

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The information provided in the entire blog is not intended to provide legal, accounting, tax or specific investment advice. The information presented was obtained from sources believed to be reliable; however, I cannot represent that it is accurate or complete. I assume no responsibility for any losses, whether direct, special or consequential, that arise out of the use of this information. This information is subject to change without notice. Stock performance are not guaranteed, their prices change frequently and past performance may not be repeated. Please do your own investigation, or contact your own professional advise, before investing.