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Monthly Report Feb 2012

Monthly Report Feb 2012. Accounting, Finance, Investment. Contents. Activities. Market Watch. Investment / Financial Results. Plans. Accounting & Finance. Activities. 2011 financial statement Working with E&Y auditor to release the final version from the year-end auditing.

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Monthly Report Feb 2012

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  1. Monthly Report Feb 2012 Accounting, Finance, Investment

  2. Contents Activities Market Watch Investment / Financial Results Plans

  3. Accounting&Finance Activities 2011 financial statement Working with E&Y auditor to release the final version from the year-end auditing. Automatic booking of CS tasks Working with IT to launch the automatic accountingbooking of CS functions. 2011 Budget performance: All departments have given the departmental commentaries prior to reporting to BOD.

  4. Investment Activities Enhance Investment Yield Moving money to the highest return assets SendMr.PhongtoParentCompany Learninghowtoevaluatestocks,knowledgeof realestate&riskmanagement Trainnewcomer Developingabilityofanalyzingeconomic indicators.

  5. Market Watch (As of Feb. 21th) Frankfurt DAX YTD:17.3%; MTD:7.0% NY S&P 500 YTD:8.3%; MTD: 3.8% Shanghai SHX YTD:8.3%; MTD: 3.9% Taipei TWSE YTD:12.0%; MTD: 5.4% HCMC HCM YTD:16.9 %; MTD: 5.9% Greecefinallyreceives €130blnbailoutfromEUand preventsadefaultinMarch PBoCcut reserve requirement rate0.5%even though January’s CPI rose to 4.5%. Therulingpartywonpresidentelection.Marketrebounds aspoliticaluncertaintydisappeared. USlabormarketconditionsimprovedbutslowly.Fed willmaintainexceptionallylowratethroughlate2014. InJaninflationsloweddownto17.27%andVietnam surprisinglyrecorded$170mlntradesurplus

  6. Market Watch Interest Rate & Inflation CPIYOY(%) Interest Rate (As of Feb. 21th) Note: Rate for institutions. • Interest rates are stillhighandwilldecreaseifinflationissuccessfullycurbed.

  7. ExchangeRate Market Watch • VNDstrengthensunderofficialprice20,828becausedemandonUSDdecreased. source:Bloomberg

  8. Asset Allocation & Revenue Investment Result Gov. Bonds (64.3%) USD TD (7.1%) Gov. Bonds: Ave. yield 15.3%; Duration 4.7 USD TD: Weighted rate 0.9%; Tenor: 0.1 VND TD (28.3%) VND TD: Weighted rate 13.6%; Tenor: 5.2 Cash/DD: Target amount of 1.5 billion Cash / DD (0.3%) Note: As of Feb. 21th. • Bondsaccountforthehighestproportionofourassets. • Weighted average yield is around 13.7%. We achieve 11.1 billion VND Investment Return inJanuary.

  9. 2011budgetperformance Financial Result • Total expenses had exceededVND 37.9 billion or 16% the original budget.

  10. 2011budgetperformance Financial Result • GA,PublicRelation&ITtotallysaved6bnVND.

  11. Accounting&Finance Plans The 2011 tax finalization Working with Marketing & HR on the 2011 tax (PIT) as well as completing the CIT. Informationdisclosure Publishing and announcing the 2011 results of Cathay Life Vietnam on newspapers System improvement Working with IT on the automatic allocation of the pre-payment

  12. Investment Plans Maturedbondsreinvestment Planningtoreinvest30bnin10yrsbondsto extenddurationofassets.Theyieldis11.2%now. Interestrateforecast Basedonourview,decidingwhethertosell 110bnbondthatwillmatureinDecember.

  13. Thank You

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