2014年10月18日星期六

藏密的淨土

修西藏密宗這佛門外道法,也能去淨土嗎?

也是可能的。

藏密喇嘛去的淨土是怎樣的呢?

藏密的淨土叫【空行净土】或【烏金净土】。

喇嘛對有關這淨土的介紹是這樣的:

《The sky Dancer 》,第五章最重要(英文第六十五页)。第五章简述了移喜磋嘉的修持方法,她在帝卓密窟中的空行聚会所,以及其它地方的修持。

下面我们就翻译第五章的重点。这本书是以第一人称,自述的方式写的,所以,大部分翻译都是移喜磋嘉的话。



翻译:

在一片光明中,我来到空行净土,鸟金康卓林。

在这片净土上,【果树形同刀片,地面以肉覆盖,山丘则是一堆堆的骷髅】。

在这座坛城的中间,是一个无法估量的宫殿,【宫殿是由头颅骨堆建而成的,天花板和门帘则由人皮做成】。

以此宫殿为中心,外围三十万里的地方,有【火山带环绕】,还有【金刚杵(陽具)的墙,雷电,墓地,以及美丽的莲花(陰戶)组成的墙】。

在此边界内,是一群【喝生血,吃生肉的鸟,邪魔似的野人和其它的野兽,男女】都有。

他们包围着我,威胁的看者我,但不久就变得既不敌意也不友善了。

师:不要觉得可怕,【这就是密宗的特点,天灵盖呀,头盖骨的,人的身体就是整个的宇宙】。

问:西藏人认为人死了是在「空」中,人活着是在身体中,死了就是空了。

师:对,没错。

问:我进入宫殿,过了三道门,很多【空行母(夜叉)】印入眼帘。她们身体呈人形,带着不同的供养给一位主要的空行母和她的伴侣。有些【用刀子从身上割下一片片的肉做为供养,有些则放出身上的血液,有些挖出眼球,有些割下鼻子、舌头、或耳朵、有些挖出心肺,有些则供养骨髓和体液,甚至有些献出了生命力和呼吸,头和四肢。这位主要空行母和她的伴侣为空行母们加持,并把她们的供养重新分配给她们,做为她们诚信的标志】。

师:你们打坐修行碰到这个境界,非发疯不可,真讲修行,这些都是要来的。

翻译:我问她们,你们为何如此痛苦追求?没有了生命,你们怎么到达佛的彼岸呢?

她们答到:喔,不积极进取的女人啊,真正的上师,时刻都在布施他的慈悲,如果你明明知道什么会取悦于他,而仍然不马上付诸行动,你就延迟了他的喜悦,也失去了你的功德,拖延,修行的障碍就会加倍增加。你对真理的认知稍纵即逝,如果不把握每一刻觉悟的机会,功德便失去了,修行障碍就会加倍增加。我们拥有此身,时光短暂,我们依此身修法亦只有片刻,拥有此吉祥之身,却没能供养,拖延,修行的障碍就会加倍增加。

听到这席话,我深感惭愧。

师:这才是学佛的精神:布施与供养,没有丝毫犹豫。中国的佛学已经告诉你了,「无缘之慈,同体体之悲」「三轮体空」,无我相,马上就做,不拖延一分一秒。如果一个穷人向我们要钱,我们还要犹豫犹豫,考虑考虑,那就不对了。

问:就是供养没有第二念。当你有机缘遇到上师的那一刻,最好要把握住。

师:对!供养不能有分别心,不能有第二念的分别心,这才有功德。如果有第二念分别心,就没有功德了。



-----------------------------------
這是什麼淨土?
根本就是羅剎,夜叉的穢土嘛!
 
蓮花生大士的烏金淨土經變圖

2014年10月17日星期五

阿弟@投資經濟eBook



  
阿弟@投資經濟eBook!
請看eBook詳細內容細節的links: 

《不通縮,中國無盛世》
http://www.ckfstock.blogspot.com/2014/05/ebook_26.html


《黑@說股票投資》
http://www.ckfstock.blogspot.com/search/label/%E3%80%90%E9%9B%BB%E5%AD%90eBook%E3%80%91%E9%BB%91%40%E8%AA%AA%E8%82%A1%E7%A5%A8%E6%8A%95%E8%B3%87

 

《股票賣出信號之案例分析》
http://www.ckfstock.blogspot.com/search/label/%E3%80%8A%E8%82%A1%E7%A5%A8%E6%A1%88%E4%BE%8B%E5%88%86%E6%9E%90%E3%80%8BeBook


《股票的投資哲學》
http://www.ckfstock.blogspot.com/search/label/%E3%80%90%E9%9B%BB%E5%AD%90eBook%E3%80%91%E8%82%A1%E7%A5%A8%E7%9A%84%E6%8A%95%E8%B3%87%E5%93%B2%E5%AD%B8


《理財的謊言》
http://www.ckfstock.blogspot.com/search/label/%E3%80%90%E9%9B%BB%E5%AD%90eBook%E3%80%91%E7%90%86%E8%B2%A1%E7%9A%84%E8%AC%8A%E8%A8%80


《股市的金絲雀》
http://www.ckfstock.blogspot.com/search/label/%E3%80%90%E9%9B%BB%E5%AD%90eBook%E3%80%91%E8%82%A1%E5%B8%82%E7%9A%84%E9%87%91%E7%B5%B2%E9%9B%80



------------------------------------------------------------
我的【投資,經濟紙面書籍】

《美元末日》
http://www.ckfstock.blogspot.com/search/label/%E3%80%90Book%E8%B3%BC%E8%B2%B7%E3%80%91%E3%80%8A%E7%BE%8E%E5%85%83%E6%9C%AB%E6%97%A5%E3%80%8B


《大通膨時代的黃金投資法則》
http://www.ckfstock.blogspot.com/search/label/%E3%80%90Book%E8%B3%BC%E8%B2%B7%E3%80%91%E5%A4%A7%E9%80%9A%E8%86%A8%E6%99%82%E4%BB%A3%E7%9A%84%E9%BB%83%E9%87%91%E6%8A%95%E8%B3%87%E6%B3%95%E5%89%87


《不一样的技术分析》
http://www.ckfstock.blogspot.com/search/label/%E3%80%90Book%E8%B3%BC%E8%B2%B7%E3%80%91%E3%80%8A%E4%B8%8D%E4%B8%80%E6%A0%B7%E7%9A%84%E6%8A%80%E6%9C%AF%E5%88%86%E6%9E%90%E3%80%8B

專家不過都是墻頭草

下面是各銀行對布兰特油价2015年的预估:


法国兴业银行预估是$91.00,前次预估是$103.00

法国巴黎银行预估是$97.00,前次预估是$106.00

澳新银行预估是$105.00,前次预估是$108.00

美国银行预估是$98.00,前次预估是$108.00

巴克莱预估是$96.00,前次预估是$107.00

麦格理预估是$108.00,前次预估是$116.00

德国商业银行预估是$105.00,前次预估是$110.00

德意志银行预估是$103.25,前次预估是$106.75

瑞士信贷预估是$97.00,前次预估是$102.50


為何油價下跌前,沒有一個預測下跌呢?

而要等油下跌才下調预估。

是否油價上漲,他們就會更改预估價格呢?

那這跟看漲唱多,看跌唱空的普通散戶,有什麼分別?

不過,這些銀行對2015年的预估價格,都比現在$86.12的布兰特油价還高。

也許,這表示他們骨子里還是看漲油價的。

QE重啟,美元牛市謊言崩潰

昨天道瓊斯指數大漲263點,市場歸咎原因為企業季報優於預期,消費者信心上升,以及FED考慮延後結束購債計劃。

老實說,那些所謂企業季報優於預期,消費者信心上升的理由,你可以忽略不計。

關鍵還是在於各國中央銀行會不會放水!

雖然昨日聖路易Fed銀行總裁Bullard說,決策官員應考慮延後結束購債計劃。

但是,只憑現在的0%利率和延後結束購債,都不足以刺激股市出現上漲趨勢。

因為現在歐美各國利率已經低無可低,所以不能再用降低利率這一招了!

而歐洲更是否負利率,現在多家全球性银行都已开始向大型客户存放的欧元存款收取0.2%的费用,就是你存錢的話,還需要繳交存款服務給銀行(如同給保險箱費用)。此举是受到欧洲央行政策的影响,该行在6月份成为全球范围内实施负存款利率的最大央行,旨在鼓励银行利用所持资金放贷而非存放在央行。

如果我是存戶,我寧願把錢提出來,藏在MILO罐中,或部分轉去購買黃金和白銀,幹麼要給你銀行費用?

因為利率已經不能再低了,所以若要推動金融市場上漲來掩蓋經濟和銀行體系的問題,就必須QE,更大的QE。

歐洲央行若要實施美國式的QE,印鈔票購買大量抵押債券,那需要過德國這一關,這需要一段時間來爭執,才能施行。

美國則窘多了!

之前FED的QE TAPER,一直告訴別人美國經濟好轉,我FED可以逐步推出QE了,不久還會加息。

但是,若它非旦延後結束購債計劃,還擴大QE,這表示什麼?

這不表示FED的委員們全部都是沒有觀察經濟時局能力的庸才嗎?這也不表示QE根本不可能停止嗎?

如果FED重啟QE,那市場的先覺者就會徹底明白,QE永不停止,FED會印到印鈔機爛為止,美元牛市謊言也會崩潰。

當市場這種預期越來越強,購買金銀的人會增加,物品價格也會因為通脹預期而提高,市場利率也會脫離FED的控制而自行上升。

當FED的謊言維持不下去的時候,萬事皆休。

下圖是道瓊斯指數的圖表。

從技術分析看,雖然昨天反彈263點,但是仍未擺脫下跌通道。所以不排除會繼續下跌的可能。

請注意黃色區域,道瓊斯指數和技術出現了長期16個月的明顯背離現象,所以下跌是應該的。



美國汽車次貸

我在分析哪些美國股票可以買時,發現一間公司,叫Credit Acceptance Corp

當時我想這是不是和收爛賬相關的公司。如此未來美國經濟惡化,這類公司或許有可為。

當看見這間公司的業務介紹的時候,頓時吃驚一下。

公司業務是:

Credit Acceptance Corp是一家金融公司。该公司提供的汽车经销商融资方案,使他们能够出售车辆給消费者,无论他们的信用历
史(regardless of their credit history. )。

這不是亂來嗎?

這和次貸有什麼分別?

另外一個網站對Credit Acceptance Corp的業務介紹是:

Credit Acceptance Corp是提供消费者汽车贷款的公司。本公司通过经销商,合作伙伴网络,提供汽车贷款和相关产品及服务给消费者。
Credit Acceptance Corp有两个方案:投资组合计划和采购计划。
根据投资组合方案,它先进钱給经销商,合作伙伴(简称为经销商贷款),以换取服务的基本消费贷款的权利。
根据采购计划,接受信用卡购买的经销商,合作伙伴,消费者贷款(称为贷款购买),并不断从消费者收集到的所有款项。经销商贷款和购买的贷款都统称为贷款。


顯然,這公司的業務就是【汽車次貸製造機】。

以前我看過有些新聞也說到美國汽車貸款也開始亂來,看來這種公司的業務就是如此。

我們看一下Credit Acceptance Corp的股價走勢。

從這間公司19926月-201410月的走勢,我們可以發現,它股價上漲期,都是在2000年和2007年信用氾濫的前幾年時期。

2008年金融危機爆發後,超級氾濫的貨幣寬鬆政策,雖然不能讓房市復甦,但是卻讓汽車行業出現了!Credit Acceptance Corp的業務和股價也受益,從2008年最低12.57美元算起,最高漲到145.95美元,漲幅11.6倍。

它的營業額和利潤變化如下:
2008年營業額3.12億美元;利潤6700美元。
2009年營業額3.81億美元;利潤1.46億美元。
20010年營業額4.42億美元;利潤1.70億美元。
2011年營業額5.25億美元;利潤1.88億美元。
2012年營業額6.09億美元;利潤2.20億美元。
2013年營業額6.82 億美元;利潤2.53 億美元。

但是,2014年成長趨緩,股價也因此出現大跌。

這是新一輪金融危機的前兆嗎?


2014年10月16日星期四

歐債危機回歸?

希臘 10 年期公債殖利率週四 (16 日) 飆升至逼近 9%,相較於一週前才僅 6.6%,最低一度是5.6%。

雖然現在和歐債危機時的37%,但是接近9%的利率水平,對於債務高達於GDP約174%的希臘,也是致命的。

媒體報導,這反映出投資人對於即將到來的大選結果感到不安,憂慮希臘的經濟穩定及按部就班退出紓困計畫的行程恐受挫。

希臘目前財政仍受制於歐盟、歐洲央行 (ECB) 及國際貨幣基金組織 (IMF) 等「三方代表」提供的紓困案所設條件,要等到 2016 年底才能走完。但總理薩馬拉斯 (Antonis Samaras) 卻提出提前退出紓困的提案,並於上週六 (11 日) 贏得國會信任投票。

儘管如此,希臘聯合政府目前仍看似搖搖欲墜。若執政的政黨未能在明年 2 月大選前,在國會贏得足以選出新總統的 3/5 多數席,便必須提前舉行大選。但現在民調領先的極左派政黨 Syriza 主張大改紓困案條件,盼能沖銷 50% 的債務,因為以目前國家負債占 GDP 高達 174% 的情況下,財政也無以為繼。

AvaTrade 首席市場分析師 Naeem Asla 對《CNBC》表示,從債市反應來看,投資人正在警告希臘,他們不樂見目前的政治發展。

Asla 指出,希臘想提前到這麼早退出紓困案,問題是他們是否有足夠財力這麼做,因為這需要將近 250 億歐元。

Rabobank 高級利率分析師 Richard McGuire 則警告,希臘的發展喚起之前規避風險的市場氣氛,反映在歐元區邊緣國家普遍陷入壓力中。而這可能是警訊,暗示基本面的風險又回來了。


2014年10月15日星期三

美元不可能牛市

不少机构仍積極看好后市美元走势。

瑞士信贷日内在一份报告,認為:
美國经常项目赤字状况好转,私营部门去杠杆化,国内能源产量增长,在世界其他地区增长预测下调的情况下,美国增长前景向好。

瑞士信贷表示,美元周期往往持续八年。这就意味着美元还有五年强势可走。

但是,昨天受美国9月零售销售月率下滑0.3%影响,市场对于美联储的升息预期有所推迟,并引发了汇市和贵金属市场的剧烈波动。

美元指数因此重挫逾100点,黄金白银大幅反弹。

如果你一直受市場情緒影響,而沒有清晰的方向,你就會相信美元牛市這笑話。

這些人,對未來的認識仍不能擺脫美元本位的印象,思維更不能跳出1980-2000年模式的框框,老是妄想。妄想美元本位未來都是千秋萬世,一桶漿糊。

美元不可能用遠重復過去,因為它不是一個硬資產,實際價值是ZERO

那些盲目相信美元而炒美元者,因為跟大市而遭受慘重損失。

錯誤以為美元永遠會重復過去的繆論圖。




說一下希臘
全球股市大跌!
請注意,歐洲五豬跌的特別嚴重。

尤其是希臘,分別兩天連續跌4%和6%。

這種插水跌法,已經表明裡面暗藏不尋常的事情。




西班牙10年期国债收益率上升10个基点至2.20%
爱尔兰10年期国债收益率上升6个基点至1.77%
意大利10年期国债收益率上升13个基点至2.52%
葡萄牙10年期国债收益率上升11个基点至3.41%
希臘 10 年期公債殖利率飆漲至 7.85%。

看來,這些國債並沒有起到避險的功能。

美國國債,遲早也會步此後塵。

到時,美國政府和華爾街,就無法再繼續壓制黃金和白銀了!

附註:美國國債價格雖然目前上漲,但是CCC企業債價格卻下跌。




最富的10%人口控制了全国多少财富?
http://finance.sina.com.cn/world/20141016/074920553833.shtml



17條樓市驚天大謊言
誰說城市化下房價必漲

http://house.cnyes.com/News/wd_house/Content/20141016083210013896610.htm




因為100美元的面值100年後還是100元,
貨幣數字的幻覺,
使人們不察覺其實美元每天都在貶值,
強勢美元,從來不存在!



------------------------------
5年黄金购买力有所下降,但对比美元仍有优势
2014年10月16日 

  在经历了2013年金价的大跌后,黄金的购买力受到了非常严重的影响。

  在2009年12月时,当时的金价在1180美元/盎司左右,而经历5年后,金价目前在1240美元/盎司左右,过去5年金价上涨了约4.5%。

  从数据来看,在2009年12月时,美国平均的新屋价格是278300美元,也就是差不多235.6盎司黄金。

  尽管美国的房屋市场在金融危机后并没有持续的复苏,但新屋价格还是有所走高。2014年8月,美国平均的新屋价格在347900美元,以目前的金价来计算,就是281.9盎司黄金。

  显然,以购买美国新屋来看,在过去5年,美元计新屋价格上涨了25%,而黄金计新屋价格则上涨了20%。

  再看汽车的购买力。

  在2009年一辆BMW M5的价格是85500美元,也就是差不多72.4盎司黄金。而其2014年新款的价格为92900美元,以目前价格计算也就是75.2盎司黄金。那么以美元计,这5年中这辆车涨价8.6%,而以黄金计,则涨价3.8%。

  再从度假价格来看,在2009年,美国家庭的度假花费在4300美元左右,也就是差不多3.6盎司黄金。

  随着美国经济的复苏,今年5月的调查显示,美国人民目前不光度更多假,花费也在增加,以家庭计算平均花费为4986美元,也就是差不多4盎司。

  那么以美元计,美国家庭的度假价格上涨了16%,而以黄金计,上涨了11%。

  尽管从过去5年来看,黄金的购买力在下降,但Monetary Metals的首席执行官Keith Weiner认为,这并不影响黄金的吸引力。

  “价格影响因素有很多,每个行业都在开发新的技术来增效,以降低价格。”

  Weiner认为,美国房屋和汽车的价格走高是因为美联储在把信用推入货币系统。黄金最终仍是商品,其价值由投机市场来决定,但其真正的价值由其本质来决定,它不是美元这种有信用风险的东西。

  “应该持有黄金,因为它没有其竞争者那样的风险。”




銀價低迷美國鷹銀幣十月銷量已超八九月總和

數據顯示,十月以來,美國鷹銀幣的銷量有顯著增加。

在十月前8天,美國鑄幣局銷售了225萬盎司美國鷹銀幣,十月很可能成為今年銷量最高的一個月份。在9月中,美國鷹銀幣銷售了130.5萬盎司,比十月至今的銷量少了約42%。

從趨勢圖來看,這一需求的漲勢顯然還遠沒有結束。銀價的低迷是需求增長的一大原因,使得十月銷量超過了七月和八月的總和。

喇嘛王国的覆灭

喇嘛王国的覆灭
http://vdisk.weibo.com/s/D2cE7


梅·戈尔斯坦是美国著名人类学家和藏学家,在西方藏学界独树一帜,贡献巨大。《喇嘛王国的覆灭》一书集西方藏学研究之大成,是其代表之作,也是西方研究西藏现代史的权威著作。

如果你一生中仅仅只愿读一本关于西藏的书,那么,你就读读戈尔斯坦的这本书吧!

本书获得美国亚洲学会1989年颁发的约瑟夫·利文森奖——20世纪最佳中国图书荣誉奖。


内容简介
M.C.戈尔斯坦是美国著名的人类学家与藏学家。在西方藏学界,他独树一帜,自成一派,为国际藏学的发展作了巨大的贡献。本书

是集西方藏学研究之大成,成为其藏学研究的代表作,也是西方研究西藏现代史的权威著作。


本书资料翔实,引证丰富。不仅使用大量的原西藏地方政府的官员回忆录及原始档案,而且使用英印政府、英国及美国政府的大量外交政治档案。后者的征引是目前西方有关西藏现代史研究著作中最为全面、完整与丰富的。另外,作者还相当重视口碑资料,大量征引拉萨街头的政治民谣入史,别开生面,文笔生动。





在佛教里面,佛立下了规矩,泄者不住,住者不泄。什么意思,这些佛菩萨化身度众,绝不能透露自己的身份,说我是某个佛某个菩萨化身来此。如果透露了,立马圆寂,透露了还不走,在这骗供养,这就不是真的。这是一个佛魔分界线。

大家看看现在的西藏,遍地的“转世活佛”,这些人互相认证,我认证你是观音菩萨化身,你认证我是文殊菩萨转世,打着这个名头到处招摇撞骗,这绝不是什么佛菩萨化身,这都是骗子,所到之处,令人家资无故耗散。

http://www.twtimes.com.tw/index.php?page=news&nid=157574


为什么说这些西藏“活佛”都是骗子
http://www.bskk.com/thread-97716-1-2.html






认真研究过密教的历史及藏密之后,坚决抵制藏密喇嘛教

 [轉載]

出于对藏密的各种争论,末学静下心来认真查阅一些关于密教历史的资料,和藏密的,结果发现,藏密就是后期的左道密,尤其无上瑜伽,根本不为佛陀当年所传之法,乃左道法,不是佛法,为维护正法久长,坚决抵制喇嘛教,以保我佛教慧命久长于世。

今天去吃了斋饭,就深圳南山一叫八珍馆的斋菜馆,里面竟放着一本什么《多杰羌佛第三世》的藏密的东西,厚厚一大本,又一大魔头,里面的活佛仁波切个个都是什么释迦牟尼观世音地藏王普贤燃灯古佛的化身,给佛教照妖镜《楞严经》一照,个个显现出面目狰狞,就一魔王波旬的面孔。魔道出世,生于末法时代是我们的悲哀,当我们依然为保佛教正法久长,与魔做斗争,永不停休。坚决抵制喇嘛教!

下面的链接就是多杰羌佛的宣传网站,大家来看看他们的真面目。

http://www.twtimes.com.tw/index.php?page=news&nid=157574

(活佛還有合法認證的???)




  喇嘛教也是佛教?
 
  请问:是解放前?

  还是解放后?

  解放前西藏最高统治者是喇嘛,模仿印度的种姓四级制度实行奴隶制,滥杀无辜、活剥人皮等等罄竹难书的丑陋与邪恶,此时的喇嘛教可有佛的慈悲?

  解放后达赖喇嘛妄图分裂国家、制造民族仇恨、操作3.14事件,对普通百姓进行 烧 杀 抢 打 砸 ,此时的喇嘛教可有佛的博爱?

  有时间建议你好好读一读“律”,在用心读一下《楞严经》,然后再比照一下喇嘛教的所作所为,看看喇嘛教距离佛教到底还有多远,然后再出来丢人现眼,好不?

  有邪教徒說“達賴喇嘛不代表喇嘛教”,這不是掩耳盜鈴、自欺欺人、愚弄全世界人民的智商嗎?

  请问:从达赖喇嘛逃亡至今,从班禅、祸佛、侃怖、淫啵妾、上师、喇嘛……可有一人站出来发表声明,说达赖喇嘛不代表喇嘛教?

  一个人都没有!

  这,说明什么?




  CCTV视频:旧西藏布达拉宫前的“蝎子洞”对付犯人 用人头人皮为达赖喇嘛念经祝寿

  http://space.tv.cctv.com/video/VIDE1235639444734661



2014年10月14日星期二

新加坡股票抄底的名單


今天整理新加坡股票時,發現自己過去幾年前所選出的股票中,12支竟然有10支預測大體正確!

當然,正確的意思不是說10支有上漲,有些其實都是消失了!

例如有兩支中國股,我對他們前景疑慮,只是納入觀察名單,幾年後的今天,發現它們消失了。

有些如我所料,只是穩定,沒什麼增長。

有一支我特別看好的,股價增長200%。

但是,我一股也沒有買!如同我以前看好BLD這支種植股一樣,看好卻沒有買。

原因之一,就是我有一段混沌期,看不清方向。

第二原因,就是當我看清長期大方向時(中短期走勢不可能看清),資金已經全部用來逐年累積金銀了!

為何新加坡股票的名單沒有OCBC, UOB這些大銀行?

因為我不喜歡看到負經營現金流的公司。

和馬來西亞一樣,新加坡高成長的股票比較少,所以我不得不加一些成熟股。

以下是我初步篩選的香港股票。

過濾標準是:
1)5年平均ROA是10%(銀行/保險例外)
2)Net profit margin是10%
3)5年 EPS 複增長15%
4)現金流狀況必須OK,排斥時常股本融資
5)利潤走勢5年基本穩定



只是初步篩選而已,並沒有更進一部分析行業趨勢。


Great Eastern Holding Limited      G07
Great Eastern Holdings Limited, an investment holding company, provides various insurance products and financial advisory services in Singapore, Malaysia, and other Asian countries. It operates through Life Assurance, General Assurance, and Shareholders segments. The Life Assurance segment provides life, long-term health and accident, annuity, and unit-linked insurance products. The General Assurance segment offers short term property and casualty products, including fire or burglary insurance contracts and/or business interruption contracts, and public liability insurance contracts; and short term medical and personal accident general insurance products. The Shareholders segment provides fund management services for absolute return/balanced mandates; and manages various products, including Asia Pacific equities, and Asian and global fixed income securities portfolios for Singapore statutory boards, government-linked corporations, public and private companies, insurance companies, and charity organizations. Great Eastern Holdings Limited is also involved in the property development and investment activities; and family Takaful business activities. The company was founded in 1908 and is headquartered in Singapore. Great Eastern Holdings Limited is a subsidiary of Oversea-Chinese Banking Corporation Limited.


Hiap Hoe Ltd      5JK

Hiap Hoe Limited, an investment holding company, is engaged in the development of luxury and mid-tier residential and mixed-use properties in Australia and Singapore. The company’s Development Properties segment acquires, develops, and sells luxury and mid-tier residential, and commercial properties. Its Construction segment is involved in the civil and general road construction works, and general contracts; and trading of construction materials. The company’s Rental segment rents investment properties. Its Others segment invests in marketable securities. The company also leases residential, office, and retail properties; and operates hotels, such as Ramada Singapore and Days Hotel Singapore. In addition, it owns an integrated hotel-cum-commercial development project. The company was incorporated in 1994 and is based in Singapore. Hiap Hoe Limited is a subsidiary of Hiap Hoe Holdings Pte Ltd.


Raffles Medical Group Ltd.      R01

Raffles Medical Group Ltd, an integrated healthcare organization, provides a range of medical services in Singapore. It owns and operates a network of family medicine clinics and a tertiary care private hospital. The company’s flagship hospital is RafflesHospital, a private tertiary hospital offering various specialist medical and diagnostic services representing approximately 30 disciplines, including obstetrics and gynaecology, cardiology, oncology, orthopedics, and pediatrics for inpatients and outpatients in Singapore with representative offices in Indonesia, Vietnam, Cambodia, Brunei, Bangladesh, and the Russian Far East. It also provides health insurance policies for corporate and individual clients. In addition, the company develops and distributes a range of nutraceuticals, supplements, vitamins, and medical diagnostic equipment for personal healthcare. Further, it manages the airport clinics in Changi international airport in Singapore and Chek Lap Kok international airport in Hong Kong. Additionally, the company offers other services, including 24-hour emergency services, consultancy services, dental services, specialist centre services, and Chinese medicine, as well as operates medical clinics that provide family medicine care, travel health, emergency services, minor surgery, statutory medical checkup, health screening, X-ray services, specialty services, and corporate programs. It operates a network of 78 multi-disciplinary clinics in Singapore; and 4 medical centers in Hong Kong and Shanghai, China. Raffles Medical Group Ltd was founded in 1976 and is based in Singapore.


Riverstone Holdings Limited      AP4
Riverstone Holdings Limited, an investment holding company, manufactures and distributes cleanroom and healthcare gloves under the RS Riverstone Resources brand name primarily in Malaysia, Thailand, and China. The company primarily offers nitrile and natural rubber gloves for use in a Class 10 and Class 100 cleanroom environment. It also produces cleanroom fingercots, packaging bags, face masks, and wipers; and other consumables, such as hair nets, static dissipative shoes, safety booties, shoe covers, ESD rubber bands, sticky mats and rollers, swab-polyester and microfibers, and cleanroom papers. In addition, the company trades in latex products; and distributes cleanroom products. Its products are used in the hard disk drive, semiconductor, and healthcare industries. The company exports its products primarily to the Americas, Asia, and Europe. Riverstone Holdings Limited was founded in 1989 and is based in Singapore.


Silverlake Axis Ltd      5CP
Sarin Technologies Limited develops and manufactures planning, evaluation, and measurement systems for diamond and gemstone production in India, Africa, Europe, North America, Israel, and internationally. Its products include Advisor, a rough planning software; DiaMobile XL for evaluating and planning rough diamonds; DiaScanTM S+ for the geometrical measurement and modelling of diamonds; and Galaxy 2000 that revolutionizes rough diamond trading. The company also offers Best Value; DiaExpert that maps complicated stones with convex and concave geometries; DiaExpert Atom and DiaExpert Nano that are rough planning and marking systems for smaller rough stones; DiaExpert Eye; DiaMark Light Edition that inscribes finer laser lines to convey manufacturing instructions on semi-processed diamonds; DiaMark Z to engrave cutting instructions on rough diamonds; DiaScan S+ for the accurate geometrical measurement and modelling of polished and semi-polished diamonds; GIA Facetware planning; Inclusion charting tool; and TruScan, a laser mapping hardware add-on. In addition, it provides Galaxy 1000 and Solaris 100 for automated detecting and mapping internal features in rough diamonds; Galaxy XL; Quazer, a green laser diamond sawing and shaping system; Quazer industrial cutting; Quazer shaping for fancy shapes; Strategist; and Turnstile. Further, the company offers Sarine In-Store-Viewer; Sarine Light Reports; and Sarine Light, a scientific light performance measuring method and grading standard. Additionally, it provides AGS performance grading; diamond assay service; DiaMark HD; DiaMension HD; DiaScribe for inscribing on polished diamonds; GIA Facetware cutting; and Instructor, a polished diamond analysis and grading software. The company was formerly known as Sarin Research, Development and Manufacture (1988) Limited and changed its name to Sarin Technologies Limited in 1994. Sarin Technologies Limited was founded in 1988 and is headquartered in Kfar Saba, Israel.


Straco Corporation Ltd      S85
Straco Corporation Limited, together with its subsidiaries, develops and operates tourism-related facilities in the People’s Republic of China. The company develops and operates cable car facilities, aquatic related facilities, and dolphin and sea lion performances. It also provides management and consulting services, and project management services to third parties; and creative and artistic content, as well as is involved in the production and management of shows. In addition, it is engaged in the leisure, travel, and tour businesses. Straco Corporation Limited was incorporated in 2002 and is based in Singapore.


BreadTalk (5DA)     
BreadTalk Group Limited, an investment holding company, is engaged in bakery, food, and restaurant businesses in Asia and the Middle East. It operates through three segments: Bakery, Food Court, and Restaurant. The Bakery segment manufactures and retails various food, bakery, and confectionary products, including franchising. The Food Court segment is involved in the management and operation of food courts, and food and drinks outlets. The Restaurant segment operates food and drinks outlets, eating houses, and restaurants. As of December 31, 2013, the company operated 737 owned and franchised outlets, 41 restaurants, and 58 food courts under the BreadTalk, Toast Box, Thye Moh Chan, Food Republic, RamenPlay, The Icing Room, Din Tai Fung, and Carl’s Jr. brands. BreadTalk Group Limited was founded in 2000 and is based in Singapore.


SINGAPORE EXCHANGE LIMITED (S68)

Singapore Exchange Limited operates an integrated securities exchange and derivatives exchange in Singapore and related clearing houses. It operates through three segments: Securities Market, Derivatives Market, and Other Operations. The company provides listing, trading, clearing, depository, market data, member services, connectivity, collateral management, and issuer services, as well as counterparty guarantee services. Its security products include stocks, American depository receipts, business trusts, company warrants, global depository receipts, real estate investment trusts, securities borrowing and lending products, stapled securities, certificates, exchange-traded funds and notes, extended settlement products, and structured warrants; and fixed income products, such as retail and wholesale bonds. The company’s derivative products include equity and dividend indices, as well as foreign exchange and interest rate products; commodities comprise rubber, energy, and metals; and bulk commodity, freight, oil, and foreign exchange forwards, as well as interest rate and non-deliverable interest rate swaps. It also operates SGX AsiaClear, a post-trade clearing service that complements the over-the-counter market trading in swaps and forwards. In addition, the company offers computer services and maintenance, as well as software maintenance services. Singapore Exchange Limited was incorporated in 1999 and is headquartered in Singapore.


DAIRY FARM INT'L HOLDINGS LTD  (D01)
Dairy Farm International Holdings Limited, through its subsidiaries, operates food, health and beauty, and home furnishing retail stores in Pan-Asia. The company operates through four segments: Food, Health and Beauty, Home Furnishings, and Restaurants. The company operates supermarkets under the Wellcome, ThreeSixty, Oliver’s The Delicatessen, Jasons MarketPlace, Cold Storage, Giant, Hero, Lucky, Rustan’s, G EKSPRES, Mercato, and Foodworld brand names. It also operates hypermarkets under the Giant and Shopwise brand names; convenience stores under the 7-Eleven and Starmart brand names; health and beauty stores under the Mannings, Guardian, GNC, and Health and Glow brand names; and home furnishings stores under the IKEA brand name. In addition, the company operates the Maxim’s chain of restaurants in Hong Kong, Mainland China, and Vietnam. As of December 31, 2013, it operated a network of approximately 5,800 retail outlets in Hong Kong, mainland China, Macau and Taiwan, Malaysia, Indonesia, Vietnam, Brunei, Singapore, Cambodia, the Philippines, and India. The company was founded in 1886 and is based in Quarry Bay, Hong Kong. Dairy Farm International Holdings Limited is a subsidiary of Jardine Strategic Holdings Limited.


M1 LIMITED (B2F)       

M1 Limited, an investment holding company, provides mobile and fixed communications services in Singapore. It offers a range of voice, data, and value-added services on 4G, 3G/high speed packet access, and 2G networks; and wireless broadband services. The company also provides international call services, such as mobile and fixed-line customers international direct dial services; and international calling card services, as well as trades international wholesale voice minutes to other international and local service providers. In addition, it offers various broadband service plans, including fixed voice and other value-added services for residential homes; and managed and data centre services, cloud based services, and other enterprise solutions for corporate customers, as well as is engaged in the retail sale of telecommunication equipment and accessories. The company serves approximately 2 million customers. M1 Limited provides its products and services through a network of M1 Shops, distributor outlets, and online. As of December 31, 2013, it operated 15 M1 Shop outlets. The company was formerly known MobileOne Limited and changed its name to M1 Limited in 2010. M1 Limited was founded in 1994 and is headquartered in Singapore.


STARHUB LTD    (CC3)
StarHub Ltd, an integrated info-communications company, provides a range of information, communications, and entertainment services for consumer and corporate markets in Singapore. The company's personal solutions comprise mobile services, wireless broadband services, and IDD services. Its home solutions include multi-channel pay TV; residential broadband Internet; and residential voice services, such as digital voice, softphone, IDD, calling card, directory enquiry, and other value added services. The company's business solutions consist of business voice and IDD services, such as StarHub IDD 008, StarHub IDD 018, domestic and international ISDN, SIP trunking, business voice services, fixed number related services, and domestic toll-free services; mobile plans; Internet and IP solutions; data connectivity, cloud computing, managed, media network, and data centre services; and enterprise solutions. In addition, it invests in, owns, or leases infrastructure assets. The company was incorporated in 1998 and is based in Singapore. StarHub Ltd is a subsidiary of Asia Mobile Holdings Pte. Ltd.


SINGAPORE AIRLINES LTD  (C6L)  
Singapore Airlines Limited provides air transportation, engineering, airport terminal, pilot training, air charter, and tour wholesaling services. The Company's airline operation covers Asia, Europe, the Americas, South West Pacific, and Africa.


SINGAPORE TECH ENGINEERING LTD   (S63)
Singapore Technologies Engineering Ltd, an investment holding company, provides engineering and related services worldwide. It operates in four segments: Aerospace, Electronics, Land Systems, and Marine. The Aerospace segment provides maintenance and engineering services, such as airframe, engine, and component maintenance, repair, and overhaul services; engineering design and technical services; and aviation materials and management services, including total aviation support. The Electronics segment designs, develops, and integrates electronics and communications systems, such as broadband radio frequency and satellite communication, e-government solutions, information communications technologies and information technology, rail and traffic management, real-time command and control, modeling and simulation, e-learning and interactive digital media, training, intelligent building management, and information security. It provides its solutions to government, commercial, defense, and industrial customers. The Land Systems segment provides integrated land systems, specialty vehicles, and related products through life support for defense, homeland security, and commercial applications. The Marine segment offers turnkey building, repair, and conversion services for naval and commercial vessels. This segment also provides turnkey solutions, including concept definition, detailed design, construction, on-board system installation and integration, testing, commissioning, and through-life support; engineering content ship repair and ship conversion services; and sustainable environmental engineering solutions. In addition, the company provides research and development, treasury, management, consultancy, integrated logistics management, integrated facilities management, warehousing, and other support services. The company was incorporated in 1997 and is headquartered in Singapore. Singapore Technologies Engineering Ltd is a subsidiary of Temasek Holdings (Private) Limited.

當不再股票回購時...

由于美联储实施近零利率和QE等超级宽松货币政策,2009年Q1至2014年Q2,标普500成分股公司,總共耗費2万亿美元回購股票,其中不少是通過融資來回購的

但是,當無力為續時,美國股市下跌,這些公司賬面價值就會write down,還有融資買股所欠下的債務利息。

這不是一個健康現象啊!