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• http://mikeon88.freebbs.tw/viewthread.php?tid=37521&extra=page%3D1&page=6

https://www.cnbc.com/2018/03/01/wpp-2-point-6-billion-market-value-wiped-off-worlds-largest-ad-agency.html


Advertising agency group WPP has seen its market capitalization fall $2.6 billion after it reported flat results Thursday.
WPP's shares were down almost 13 percent and the firm's chief executive, Martin Sorrell, said there were several reasons for the lack of revenue growth.
"The major factors influencing this performance were probably the long-term impact of technological disruption and more the short-term focus of zero-based budgeters, activist investors and private equity than, we believe, the suggested disintermediation of agencies by Google and Facebook or digital competition from consultants," he said in an online statement.
Speaking to CNBC's Squawk Box on Thursday, Sorrell said 2017 was a difficult year and that WPP had to adapt in the face of disruption. "We have to simplify how we operate, we have to be faster and better and cheaper in a world which is obviously being disrupted by technological developments, whether you are talking about manufacturing, media or distribution, so we have to change the way we do things, simplify things," he said.
Rival agency groups are also suffering, with Omnicom reporting 2017 revenue down 0.9 percent while IPG had a sluggish 2017.


WPP's Martin Sorrell: Consolidation is 'inevitable' amid pressure from Amazon, Netflix  4 Hours Ago | 02:55

Sorrell added that consumer-packed goods businesses make up a third of WPP's clients. "We have seen pressure on pricing in a low inflationary environment and volumes being under pressure too," he said of the sector. Companies such as Procter & Gamble and Unilever are reducing the number of agencies they work with, while drinks-maker Diageo said it is saving money across media buying and live experience marketing.
WPP's advertising and media investment management function was its strongest-performing sector, including ad agencies J. Walter Thompson and Grey and media agencies Mindshare and MediaCom. Revenue for the function was down 0.1 percent for the year, but up 1.8 percent in the fourth quarter of 2017.
WPP's public relations and public affairs businesses were up 0.7 percent like-for-like in revenue across the year. WPP announced Tuesday that it would merge PR agencies Burson-Marsteller and Cohn & Wolfe but Sorrell denied this was simply a cost-cutting measure.
"It's a step taken to try and improve the offer. If I looked at Cohn & Wolfe, for example, they had a very good year last year. Burson ¡X a bigger business ¡X had a tougher year. In terms of topline growth¡K that becomes increasingly critical, so bringing these two businesses together¡K will improve the prospects for the combined business. Obviously, there will be efficiencies," he told Squawk Box.
Broker Liberum Capital reiterated its buy position and stated: "While WPP has downgraded its longer-term annual targets, this is already priced in to both our forecasts and the consensus. WPP, like the other agency groups, has said 2017 was impacted by cyclical, not structural, factors and we fully concur with this view, with the structural concerns being overdone."

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1. April 19, 2017¡GVerizon (VZVZ
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2. Jul 5, 2017:According to recent reports by The New York Post, the U.S. telecom behemoth Verizon Communications Inc. (NYSE:VZ) is planning to acquire The Walt Disney Co. (NYSE:DIS), a leading media and entertainment giant. However, neither of the companies confirmed the news.
   ¹q«H·~ÅܤÆÁͶաGIt is to be noted that, exponential growth of mobile data usage supported by flourishing high-end smartphone and tablet devices has changed the entire industry dynamics of the traditional telecom and cable TV industry. Therefore, merger between telecom or cable TV operators and media giants has become crucial as both the sectors are aggressively delivering content on online digital platform.
   Cable TV giant, Comcast Corp. (NASDAQ:CMCSA) became a media mogul after acquiring NBC Universal in 2011. Also, Verizon¡¦s closest rival AT&T Inc. (NYSE:T) is currently awaiting regulatory approval for its proposed $85.4 billion cash-and-stock deal to acquire media giant Time Warner Inc. (NYSE:TWX).https://investorplace.com/2017/07/verizon-communications-vz-disney-dis-takeover/
   
3. NOVEMBER 17, 2017: Comcast Corp and Verizon Communications Inc have both expressed interest in acquiring a significant part of Rupert Murdoch¡¦s Twenty-First Century Fox Inc¡¦s assetshttps://www.reuters.com/article/us-fox-m-a-comcast/comcast-verizon-approached-twenty-first-century-fox-to-buy-some-assets-sources-idUSKBN1DG34Z
4. May 14, 2018:CBS, which believes it probably should merge with another entity as big media companies consolidate, has floated other deals instead of the Viacom pact. But the lawsuit alleges that Redstone ¡§told the CEO of a potential acquirer of CBS that he should not make such an offer.¡¨ A person familiar with the exchange says the would-be buyer was Verizon ¡X which also put out feelers about buying most of 21st Century Fox last summer.https://www.recode.net/2018/5/14/17351770/cbs-viacom-lawsuit-les-moonves-shari-redstone-verizon
5. Jun 12, 2018¡GT merge TWX¶}±Ò««ª½¨ÖÁʤjªùThat clears the way for other ¡§vertical¡¨ mergers, which means other people who control distribution ¡X cable guys, telco guys, tech guys ¡X can buy content guys.https://www.recode.net/2018/6/12/17454780/att-time-warner-court-decision-read-full-media
6. 12 June 2018¡G«Â°T²{¶¥¬q¦ü¥Gı±o»°ºò±À¥X5G¤ñ°_½Æ»sAT&T§ó­«­nVerizon now has a clear opening to buy a large content company to compete with AT&T. This could be CBS, Viacom (or a combined CBS-Viacom), Discovery or something else. But Verizon CEO Lowell McAdam told CNBC last month that buying a large pay-TV company is "not our strategy," and the naming of successor Hans Vestberg, currently Verizon's CTO, suggests the company is more concerned with rolling out 5G than copying AT&T.https://www.cnbc.com/2018/06/12/att-time-warner-decision-effects-on-telecoms-media.html

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3. April 19, 2017: Verizon (VZ) CEO Lowell McAdam is open to the possibility of merging with either Comcast (CMCSA), Disney (DIS) or CBS (CBS) if it helps the mobile network carrier to get a better grip on the rapidly evolving telecom industry and beat its big spending rival AT&T (T) in rolling out 5G wireless technology.https://www.investopedia.com/news/verizon-names-3-companies-its-open-merging-vz-cmcsa/

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2. ¥H¤U³o¬q¼g±o¤£¿ù¡A±qAT&T can buy Time Warner³o­Ó§P¨Ò¥i¬Ý¥X¡A««ª½¨ÖÁʦü¥G¸û¤£¨üantitrust­­¨î¡AVZ«áÄò¬O§_·|¨ÖÁÊmedia¡A´NÅý§Ú­Ì¬Ý¤U¥h§a¡ã
3. Verizon? Go right ahead. Charter? You, too. Amazon and other tech companies with billions to burn? Go for it.
   That¡¦s the message from a federal judge, who has ruled today that AT&T can buy Time Warner ¡X and, crucially, didn¡¦t apply any restrictions to his decision.
   That clears the way for other ¡§vertical¡¨ mergers, which means other people who control distribution ¡X cable guys, telco guys, tech guys ¡X can buy content guys.https://www.recode.net/2018/6/12/17454780/att-time-warner-court-decision-read-full-media
   

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3. ALL¦n¦bproperty liability¦û86%https://www.rocketfinancial.com/Overview.aspx?fID=4941&pw=163011
4. Allstate is the largest public property-casualty insurance company in the U.S., offering auto, homeowners, business, life, and other types of insurance. Allstate serves approximately 16 million households and currently has 78 million policies in force.
   Like Progressive, Allstate operates at a strong underwriting profit -- its combined ratio is 95.2 through the first three quarters of 2017, despite nearly $2 billion of catastrophic losses due mainly to the active hurricane season. And the company has earned nice investment returns (4.9% year to date), but they have also been depressed because of low interest rates.https://www.fool.com/investing/2018/01/25/3-top-insurance-stocks-to-consider-buying-now.aspx
   
5. The auto insurance market in the U.S. is dominated by a few key players. In fact, the top ten auto insurance companies control more than 70% of the market. While the top ten insurance companies underwrite a large number of policies, they have very distinct characteristics. To help you choose the best insurance company for your situation, we created a list of the top ten largest auto insurance companies in the U.S. and discuss what makes each of them unique.
6. ¬Ý¨ìmarket share´Nª¾¹D¶È¦³PGR¸òALL¥i¶R¡APGR¯uªº¤£¿ù¦ý¤Ó¶Q¡C
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8. Allstate estimates May catastrophe losses $278M pretax, up from April.https://seekingalpha.com/news/3365498-allstate-estimates-may-catastrophe-losses-278m-pretax-april

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1. ªü¿Î®á¡A±z³oÀÉTEN¬Õ¦Aªí¯uªº¤£¿ù¡I
2. However, comparing with MGA, TEN looks smaller.....
3. TEN with less information....
4. ·Q¶W¹L3¬í...TEN´äı»Ý­n¦³ÂI¬ÛÃö­I´ºªºµ£¾c¸û¯àÃѧO...

1. Raimu®á±z30%...¡A°¸¤w¸g35%(39ÀÉ)
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5. ¥u¬OLNC   2017±`§Q¥i¯à¦³µ|§ïѺª`¤~¨º»ò°ª³á¡A³o­Ó­n¦Acheck¤@¤U

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4. ¬Q¤Ñ¶RSKFRY@18

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2. 
   

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1. OK
2. ¤@°_§V¤O¡I¤¬¬ÛºÊ·þ¡B·þ«P¡I

1. Hello powerhouse®á
2. ±z#298³o¨âÀɳo¼Ëªº¤º®e¬Ý¤£¥X¬O§_·|ÅÜ­C...
3. ¥B®e§Ú»¡¤@¥y¡A¦p#278³o¼Ë¡A§Ú¬Ý§¹´Nı±oALL¤£¿ù¡A¥u¬Oportfolioª÷¿ÄªÑ¶R¤Ó¦h¤F¡A¨ä¹ê±z¬Ý§Ú¤ÀªRªºÅÞ¿è¡B¤u¨ã³£¤j¦P¤p²§¡A¤å³¹¤ºªº­«ÂIÁ٥άõµ§µe¥X¨Ó¡A¨Ãªþ¤Wºô¯¸¨Ó·½...À³¸Ó¨SÂèp§¹¥þ¤½¶}¤F¡A§Ú¥H¬°À³¸Ó«Ü¦ncopy...
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• Hello Rimau®á
• ¬Ý¨ì½æ¹q¿O¡A¨S¬ÛÃö­I´ºªº§Ú¡A»]ªº´äı¤£¥X³o­Ó²£·~¦n¤£¦n
• ¤H¤O¸ê·½...¡A¬Ý¨ì²Ä¤@¦L¶H·|ı±o¨S¤°»òÅ@«°ªe...

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1. ªñ´Á§QªÅ»s³ySAFM, TSNªº¶RÂI¡AºË·Ç¤¤¡I
2. ªñ´Á§QªÅ¡G¤@¡BTrade headaches for Tyson Foods ¤G¡BU.S. pork legs to Mexico to see 20% tariff
3. ²£·~¦a¦ì¡Ghttp://mikeon88.freebbs.tw/viewthread.php?tid=41165&page=1&extra=#pid104488
4. SAFM, TSNªñ·Ó¡G
5. 
7. 
8. 
9. 
10. ¤@¦~¤º¨«¶Õ¡G

1. ªÑ»ùÀ³¸Ó³£¤@¼Ë¡A¦³¹Ï¡H
2. https://finance.yahoo.com/quote/ALV?p=ALV
   

1. ¤t´¶¤w¸g©ñ¸Ü¡A7¤ë6¤é¬üªF®É¶¡¹sÂI01¤À¶}©l¡A±N¹ï¤¤°ê340»õªº¥X¤f«~¼x¦¬Ãöµ|¡A¤¤°ê¤]©Ó¿Õ·|¦^·q¬ü°ê¡A¦P®É¼x¦¬¬Û¦P»ù­ÈªºÃöµ|¡C
2. ºË·Ç¡GTSN, SAFM, MGDDY, BRDCY

1. ¤Hºâ¤£¦p¤t´¶ºâ...
2. 
   

• President Donald Trump said on Thursday tariffs on $34 billion worth of Chinese goods will kick-in at 12:01 a.m. EST on Friday morning. Another $16 billion are expected to go into effect in two weeks, he said.
• Trump's statements reinforce earlier threats that he would escalate the trade conflict if Beijing retaliates.
• ¬Ý¬Ý¦³¨S¦³¾÷·|¾ß«K©y

1. »¡¦n¤F­n¶}¾Ô¤F¡A«oÁ{®É»¡­n¸ò¼Ú¬wconcession...
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3. ¦Aµ¹¤t´¶¤@¦¸¾÷·|¡A¤µ±ß¨£¯u³¹¡I

1. not recommend life insurance
2. 
   

1. Buy: MGDDY @24.22$
2. 
   
   

1. ¸É¥RMGDDY²£·~¦a¦ì
2. #32    http://mikeon88.freebbs.tw/viewthread.php?tid=37473&extra=page%3D1&page=3
   

1. Last night, AHEXY @ $29.46
2. ·PÁÂMike¤jµL¨p¤À¨É~~~
3. Ãö©ó¤H¤O¸ê·½¤½¥q¸ê®Æ¦ü¥G¤£¦h¡A¦ýAHEXY¨C¦~±`§Q³£Ã­©w¼W¥[¡AROEí©w¡A¹w´Á³ø¹S14%¡A¤S¬O¤H¤O¸ê·½¤½¥q¤¤³Ì¤jªº¡C
4. The Adecco Group remains the world¡¦s largest staffing and recruitment firm, according to Staffing Industry Analysts¡¦ newly released list of largest global staffing firms. Randstad Holding and ManpowerGroup followed as second- and third-largest.https://www2.staffingindustry.com/site/Editorial/Daily-News/SIA-list-ranks-largest-global-staffing-firms-for-2017-Adecco-remains-largest-43648
5. 
   
   

1. ¦³¤£¿ùªº¼Ðªº¤]³Â·Ð±ÀÂˤ@¤U
2. ¥¿·s¤]¤£¿ù¦ý¦P¼Ë¹J¨ì­ìª«®Æ¤j¶^MGDDY¤ÎBRDCYªí²{´N¬O¤ñ¸û¦n
3. MGDDY¨C¦~³Ì§C»ù³£¦bí©w¤W¤É
4. BRDCY¤]¤£¿ù
5. 
   

1. ¬Q±ß¦bkaka®áªº¤Æ¤u¦W³æ¸Ì­±«õ¨ìªº
2. ´äı¤£¿ù¡A±ÀÂËMike¤j¡®Joe¤j¨Ó·íMTLHY, SOMMYªÑªF
3. MTLHY¥@¬É±Æ¦W9¡ASOMMY¥@¬É±Æ¦W21(http://largest-biggest.com/index.php/2017/05/08/2016-worlds-top-50-largest-chemical-companies-based-on-sales-in-2015/)
4. MTLHY°Q½×°Ï³sµ²http://mikeon88.freebbs.tw/viewthread.php?tid=44880&highlight=Mtlhy
5. SOMMY°Q½×°Ï³sµ²http://mikeon88.freebbs.tw/viewthread.php?tid=44878&extra=page%3D1
6. 
7. 
8. ¤é¥»«e10¤j¤Æ¤u±Æ¦W
9. 
10. http://japan-product.com/top10-japan-chemical-companies-2017/
    

1. «e±ß¤@Ãä¾ã²zkaka®áºw¦W³æ¤@Ãä¡y´çªf¡z¡A¬Ý¨ì³o¨âÀÉÅå¿ô
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1. 
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1. ªo»ù2016¦~¸¨©³
2. MTLHY±`§Q¼W¥[¡ASOMMY±`§Q¤£¤Ó¨üªo»ù¼vÅT

1. ©_©Ç³Ìªñªo»ùÁÙ¤£¿ù¡A¦ý¤Æ¾ÇªÑ³£¶^...
2. 
   

1. ·PÁÂwade®á´£¿ô¡A¤£¹L§Úı±oBASFY¥i¥H¦Aµ¥¥H¤U
2. BASFY±`§Q§ï¬°2015-2017¥­§¡¡A¬Õ¦Aªí¦p¤U¡G
3. 
   

1. ¤£¦n·N«ä½Ð±ÐMike¤j
2. «ç»ò·|Á¿¨ì"°hµ|°ÝÃD"

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2. ¦Ó¥¼¨Óªo»ù¦A¦¸¦^ÀÉÀ³¸ÓÁÙ¦³¾÷·|
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1. ¦X¥ý±Ô©ú¡G§Ú¤]ÃÙ¦¨ªÑ²¼­n«K©y¶R
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1. SOMMY, MTHLY­Y¥H2016¦~±`§Q±a¤J¡A¹w´Á³ø¹S¤´¤£¿ù
2. 
   
   

1. Æg³á¡I
2. ¬Q±ßMTLHYº¦¤F4.94%

1. ¯uªº­n¦A¦¸·PÁÂMike¤j
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• ­Ó¤H¥Î³~¡GªÅ½Õ¡B®a®x¼v°|¡B¦h´CÅé§ë¼v»ö¡B²G´¹¹qµø¡]¥u­­¤é¥»¦a°Ï¡^¡BÂÅ¥úµwºÐ¼Æ½X¹qµø¿ý¼v¾÷¡]¥u­­¤é¥»¦a°Ï¡^¡B¤Ó¶§¯à¸Ë¸m
• ¤½¦@¥Î³~¡GªÅ½Õ¨t²Î¡B³q°T¨t²Î¡B¤j«¬±m¦âÅã¥Ü¾¹¡B¹q±è¡B¤â¾÷¡B¸ê°T«O¦w¨t²Î¡B´¼¼z«¬¥æ³q¨t²Î¡BPLC¡BªÅ¶¡¨t²Î¡B¹B¿é¨t²Î¡B¦h´CÅé§ë¼v»ö
• ¤u·~¥Î³~¡G¨®½ø¸Ë¸m¡]¥]¬AÅK¸ô¦C¨®°Ê¤O¨t²Î¡^¡B¹q¤l¤¸¾¹¥ó¡B¤u·~¦Û°Ê¤Æ¡B¸ê°T¸Ë¸m¡B¤Ó¶§¯à¸Ë¸m
• ­x¨Æ¥Î³~¡GÄ¥¥Î¹p¹F¡B¾÷¥Î¹p¹F¡BC4ISR¨t²Î¡B¾Ô³N¸ê®ÆÃì

1. «O¦u¦ô»ù©ê¨ì¶Q»ù¤]Áȧ֨⭿¡A¡A²{¦b¶RLYB¤]¤£¿ù¡A³Ìªñ±ÀÂ˪ºMTLHY, SOMMY³£¤£¿ù¡A¦³ºÃ¼{¤]¥i°Ñ¦Ò§Úªº¤è¦¡¥ý¶R¤@¥b
2. §Ú¥H¬°¨S¤°»ò©Ò¿×ªº¿ù¹L³Ì¦nªº®É¾÷¡A­Y­n³o¼Ë·Q¡A¿ù¹Lªº¥i¦h¤F¡A§Ú¤]§Æ±æ§Ú¥Í¤U¨Ó´N»{ÃÑMike¤j¨ÃÀ´±o¦p¦¹¾Þ§@¡C²{¦b¤£¶R¬O§_¦³¥i¯à¥¼¨Ó§ó·P¨ì¿ù¹L¡H
3. 
   
   

1. ¥x¥_Johnson ®á¡A·F±o¦n¡I³oÀÉ´äı¤£¿ù¡I
2. ¤£ª¾CJPRY¬O§_¦³¨ä¥LÄvª§¹ï¤â¡H

1. §Ú¥H¬°¨S¤°»ò©Ò¿×ªº¿ù¹L³Ì¦nªº®É¾÷¡A­Y­n³o¼Ë·Q¡A¿ù¹Lªº¥i¦h¤F¡A§Ú¤]§Æ±æ§Ú¥Í¤U¨Ó´N»{ÃÑMike¤j¨ÃÀ´±o¦p¦¹¾Þ§@¡C²{¦b¤£¶R¬O§_¦³¥i¯à¥¼¨Ó§ó·P¨ì¿ù¹L¡H

¦^ÅU¤@¤U2330, ±q4x,¤@¸ô¨ì²{¦b 23x, µ²½×¬O4x¶R¹ï, 8x¶R¤]¹ï, 12x¶R¤]¹ï,  ...·|¤£·|¦n«Ü¤[¬O­«ÂI(³Ì¦n¬O©Ò¦³¶Rªº¶Ç®aªÑ¶Ç¤T¥N³£«Ü±j¶Õ ).

1. Friendk ®á¡AÆg³á¡I
2. ­«ÂI¤£¦b©ó®t¨º´X¤Q¶ô¡A­«ÂI¦b©óÀ³©ó²{¦b ºÉ¶q¦hºØªG¾ð+¦X²z»ù¶R¤J+ªø©ê

1. ¬üªÑ¦]¦©µ|30%©Ò¥H§C°t®§¡A¦ý¤éªÑ¦©µ|20%«o¤ñ¬üªÑ°t®§²v§ó§C¡AÃø¹D¤é¥»¥ø·~´¶¹M³ßÅw°µ°²±b¡HÃø¹D¬O­·®ð¡H
2. Ãö©ó¤éªÑ§C°t®§°ÝÃD¡A¤µ¤Ñªá¤FÂI®É¶¡§ä¸ê®Æ¡A¨Ã¤À¨É¦p¤U¡G
3. Compared to U.S. and European companies, Japanese companies are very stingy when it comes to rewarding their shareholders in the form of dividends. In fact, income investors generally do not consider Japanese stocks when evaluating the equity universe in the the developed world for dividend stocks. As of Nov 13, the dividend yield for U.S. stocks is 1.9% while the yields on the France, Germany, Spain and U.K. stocks are 3.1%, 2.8%, 4.4% and 3.8% respectively according to FT Market Data. The dividend yield for Japan stocks is lower than that of the U.S. stocks at just 1.7%.https://seekingalpha.com/article/2688275-on-the-dividend-payout-ratio-of-japanese-stocks
4. ¥H¤U´XÂI¬°¤å³¹¤¤Á|¥X¾É­P¤éªÑ²{ªpªº½×ÂI¡A¦ü¥G¦³ÂIÁ¿¥X¬°¦ó¤éªÑ°t®§²v°¾§Cªº­ì¦]http://topforeignstocks.com/2017/05/17/why-investors-may-want-to-avoid-japanese-stocks/

• Poor management of companies in terms of governance, transparency, etc.

• Shareholder unfriendly policies.
• Low payout of profits to investors in the form of dividends and buybacks.
• Low participation rate of domestic investors in equity markets.
• Sometimes the Bank of Japanis the largest shareholder in many large companies.

1. Ãø¹D¤é¥»¥ø·~´¶¹M°¾¦n¡§¯d²{ª÷¡A§ë¸ê¡B¨ÖÁÊ¡A¼W¥[±`§Q¡¨¡C
2. ­Y¬O§ë¸ê©Î¨ÖÁÊ«á¡A¦³©Ô°ª±`§Q¡A«Ü¦n¡A¦ý­Y¬O§ë¸ê¨ÖÁÊ¥¢§Q¡A¨º¥i¯à¾É­PROE°I°h¡A¬O§_¦]¬°³o¼Ë©Ò¥H«Ü¦h¤é¥»¤j¥ø·~ROE³£°¾§C¡C

1. ©çÁ¡A§Ú¹ï¤é¥»¤£¤Ó¼ô¡A½Ð±Ð¤@­Ó°ÝÃD
2. "¦b¨Ó½u"³£¬O¨S¦³¦¨ªø¾÷·|¥BµäÁYªºÂÂÅK¹D¡H
3. ²{ªp·s·F½u¬O¥D¬y¡H

1. CJPRY¡A2010~2012ªÑ»ù¤£¤Óº¦¡ANov,2012º¦¤F¤@ªi¡A2013¤S«ù¥­¡A2014¤@ª½º¦¡A¦nªºªÑ²¼¯uªº­n¦³©ê¤K¦~ªº¥´ºâ¡C
2. 
   

1. ·PÁÂ¥x¥_Johnson ®á¡I
2. CJPRY is a good stock! But it's not the right time to buy now.

JRªF®üªº¥D­n¦¬¤J¬OªF®ü¹D·s·F½u

­¼¨®¤H¼Æ ¦¬¤J³£Ã­©w¼W¥[

JRªF®üªº"¦b¨Ó½u"­¼¨®¤H¼Æ©M¦¬¤J¤]«Üí©w

1. Rearrange portfolio by country
2. 
   

%

1. ¦X¥ý±Ô©ú¡G¯Âºé·Q·í¦n¤½¥qªÑªF¡A©Ò¥H¦U¶R¤@ªÑ¤îÄo¡C
2. 
   

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• ¤£­n¬ÝªÑ»ù,¬ÝIRR(4x ¶R¤£¤U¤â,¬°¬Æ»ò12X¯à¶R¤U¤â, ½Ð¦^ÅU2330)
• ³o¤äÅܶQ¤F, 1.µ¥,§Ú©ñ¤f³U¦W³æ,¨Ã¤U«ÜÂ÷ÃЪº­­»ù³æ. 2. §ä§O¤ä¤w«K©y¦nªÑ.
• ¶¶«K°Ý¤@¤U¦Û¤w,¨º¤äªÑ²¼­þ¸Ì¶W¥X¦Û¤wªº²z¸Ñ.

1. ¦¹¾Þ§@¯Âºé¤îÄo...
2. ¬Ý¬Ý´N¦n...

1. EPC´äı¤£¤ÓÀu...
2. 
   
   

¦X¥ý±Ô©ú¡A¤p§Ì¤]¦P·NªÑ»ù¤Ï¬M±`§Q¡A¦Ó«D²b§Q ¡A­Y¥H±`§Q¨Ó¬ÝEPC¬Û·í¤£¿ù¡A¦ý¤p§Ì¦³¥H¤U¨â­ÓºÃ¼{¡G

1. EPC¾ú¦~pretax income¦ü¥G¤£¤Óí
2. ¥t¥~EPC 2017¦~¦³°hµ|-58.6M¡A­Y±N°hµ|¼vÅT¦©±¼±`§Q±N¬°294.4M¡A¦ý¦³­Ó¥Ù¬ÞÂI¡A2017¦~Á«52.9M¡A³Ì«á±`§Q¬°294.4M¶È¦]¦©±¼2017¦~«D¸g±`©Ê§Q¯q-347M¡A¬Û¦P±¡ªp¥ç¥X²{¦b2015¦~¡AÅý§Ú¹ïEPCªºÀò§Q¦³©ÒºÃ¼{

• Tyson Foods -6% after cutting profit guidance
• Jul. 30, 2018 7:43 AM ET|About: Tyson Foods Inc. (TSN)|By: Clark Schultz, SA News Editor
• Tyson Foods (NYSE:TSN) says it expects full-years EPS of $5.70 to $6.00 vs. a prior guidance range of $6.55 to $6.70 and a consensus mark of $6.56.
• The company cites uncertainty in trade policies and increased tariffs negatively impacting domestic and export prices as a factor.
• Other factors include Increased volatility in the commodity markets resulting in a greater than expected increase in the domestic supply of proteins and lower sales prices, as well as sluggish domestic chicken demand due to such pricing of competing proteins.
• "The fundamentals of our business are solid, and global demand for protein in all forms remains strong," says Tyson CEO Tom Hayes.
• Source: Press Release
• Shares of Tyson are down 6.07% in premarket trading.
• https://seekingalpha.com/news/3375272-tyson-foods-minus-6-percent-cutting-profit-guidance

1. ½Ð¬Ý#371
2. ¬üªÑ¦]¦©µ|30%©Ò¥H§C°t®§¡A¦ý¤éªÑ¦©µ|20%«o¤ñ¬üªÑ°t®§²v§ó§C

1. ª÷©çÁ¡A§ó¥¿¤@¤U¡A­è­è©¿µM·Q³q¤F¡AMike¤j¤~¬O¹ïªº¡A½Ð¤j®a©¿²¤#401¤º®e
2. EPC ¥H2015-2016¥­§¡±`§Q±a¤J¹w´Á±`§Q¡A¬Ý¨Ó¤£¿ù¡A²{¦b®tÀ˵øEPC¬O§_·|ÅÜ¡I
3. 
   

1. °ª²±Á¿¸Ü¨º»ò¦³¤O¡H
2. §ä¨ìCPB, GIS±þ¤â·S
3. https://seekingalpha.com/news/3371182-investors-cautious-large-swath-household-names
   
4. Investors cautious on large swath of household names
5. A large number of consumer goods stocks are trading lower after a sweeping downgrade from Goldman Sachs on the Americas food and household personal care sectors to Cautious from Neutral.
6. GS warns on margin pressures as higher input costs factor in and sees investors chipping away at valuation levels.
7. Notable decliners include Clorox (CLX -4.2%), Campbell Soup (CPB -2.6%), Kellogg (K -2.6%). J.M. Smucker (SJM -2.2%), Colgate-Palmolive (CL-1.3%), Edgewell Personal Care (EPC -1.4%), Church & Dwight (CHD-1.9%), Kraft-Heinz (KHC -2.3%), Spectrum Brands (SPB -1.9%), Kimberly-Clark (KMB -2.4%), Lifeway Foods (LWAY -6.7%), Farmer Bros. (FARM-3.3%) and General Mills (GIS -2.6%).

1. http://edgewell.com/brands/
2. 

1. EPC¦b2015July¤À©î«áªÑ»ùª½ª½¸¨¡A¬Ý¨Ó¬OÀɳQ¿ù±þªº¦n¼Ðªº¡A2018May¨Sª`·N¨ì¤Ó¥i±¤¤F
2. Edgewell Personal Care is an American consumer products company based in Chesterfield, Missouri.[2] The company was formed in 2015 following the corporate split of Energizer Holdings.[3] Edgewell Personal Care was formed by the renaming of Energizer Holdings; Energizer's battery business was then spun-off as Energizer Household Products and then renamed Energizer Holdings.
3. https://en.wikipedia.org/wiki/Edgewell_Personal_Care
   
4. 
   

1. ¤p§Ì¤æÁxÁܽÐMike¤j¡BJoe¤j¨Ó·íEPCªÑªF
2. ·PÁ¦N©Ô©Ô ®á±ÀÂË
3. ²£«~¸g¤[¤£ÅÜ¡B²£·~¦a¦ì¤£ÅÜ¡B·Q3¬íÄÁ´N¤F¸Ñªº¤½¥q
4. ENR¤]¬Û·í¤£¿ù¥i±¤¤Ó¶Q¤F¡A½æ­Ó¹qºÏ¤]¯à³o»òÁÈ

Raimu­ô¤@°_¨Ó·íEPCªÑªF§a~~~  2015¥H±`§Q¨Ó¬Ý¤]«Ü¥¿±`¡A¥H¤U¬°¸`¿ý¦ÜEPC 10K:

1. Our Wet Shave segment represented 60% of our net sales in each of fiscal 2017, 2016 and 2015. Our razors and blades represented 53% of our net sales in each of fiscal 2017, 2016 and 2015.
2. The global shaving products category is comprised of wet shave blades and razors, electric shavers and shaving gels and creams. The wet shave segment of that business is further segmented between razor systems and disposable products. This category is characterized by high margins, significant barriers to entry and international growth opportunities. Geographically, North America, Western Europe, Australia and Japan represent relatively developed and stable markets. With our established product lines and global presence, we believe we compete effectively in this market. Our principal competitors in the global wet shave business are The Procter & Gamble Company, which owns the Gillette brand and is the leading company in the global wet shave segment, and Bic Group, which competes primarily in the disposable segment. We also compete with direct-to-consumer online competitors such as Dollar Shave Club, owned by Unilever, and Harry's.
3. https://www.rocketfinancial.com/FetchDoc.aspx?fid=6466059

1. ¶R¤£¨ìPG¡A¶REPC¤]¤£¿ù
2. ÁöµM§Ú¬OPG¤@ªÑªÑªF