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31 comment(s). Last comment by apolloang 2019-07-02 16:43
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calvintaneng
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Posted by calvintaneng > 2019-06-26 23:14 | Report Abuse
ANOTHER STRONG REASON WHY CALVIN WON'T BUY UNPROVEN NEW IPO STOCKS IS BECAUSE CALVIN FOLLOWS HOW PUBLIC BANK OR HONG LEONG BANK GIVE OUT LOANS
NO. 1
BANKS WILL ONLY GIVE OUT LOANS FOR THOSE WITH PROOF OF ACTUAL INCOME
3 MONTHS SALARY PAY SLIP FROM EMPLOYERS OFFICIAL LETTER
THIS SHOWS THAT THE BORROWERS CAN PAY IF HE BORROWS. THE LOAN PAYMENT AMOUNT IS ABOUT 1/3 OF HIS INCOME OR SALARY
NO. 2
IF HE DOES NOT QUALIFY THEN HE MUST SHOW IF HE HAS ASSET BACKING
A) CASH IN BANK FD (THIS IS THE BEST AS CO-LATERAL) IF CUSTOMER CANNOT PAY THEN SEIZE THE FD
B) GOLD OR GOLD CERTIFICATE DEPOSITED WITH THE BANK
C) ASSETS LIKE LANDS, HOUSES, SHOPS OR FACTORIES PLEDGED AS SECURITY FOR BORROWING OR OD (OVERDRAFT).
NO. 3 IS USUALLY REJECTED
PROMISE OF GREAT FUTURE INCOME FROM ENTERPRIZE OR VENTURE
TOO RISKY AS BANKS CANNOT TRUST FUTURE EARNINGS ALONE
APPLY THIS TO SHARES
1) CAN BUY SHARES LIKE TA, ASB & TALAMT BECAUSE OF HIGH NET CASH & ASSET BACKING
2) CAN BUY STOCKS WITH CONSISTENT EARNINGS WITH DIVIDENDS
CANNOT BUY IPO SHARES AS IT FAILED NO. 1 & MO. 2
FOR THIS REASON CALVIN WILL NOT BUY GREATEC OR ANY SHARES AT IPO