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Monthly Report Feb 2010

Monthly Report Feb 2010. Accounting, Finance and Investment. 1. 2. 3. 4. Activities and plans. Financial figures. 2009 Life insurance results. Market updates. Contents. 1. Activities and plans. Activities and Achievements. Working on the profit center project

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Monthly Report Feb 2010

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  1. Monthly Report Feb 2010 Accounting, Finance and Investment

  2. 1 2 3 4 Activities and plans Financial figures 2009 Life insurance results Market updates Contents

  3. 1 Activities and plans

  4. Activities and Achievements Working on the profit center project to determine the revenues and expenses at each branch office. Accounting & Finance Working with IT on the phase 2 of Budget system. Tax reports: VAT,CIT, Withholding tax & the invoice finalization report

  5. Activities and Achievements Deal with the short-term deposits (lower than one month), both USD & VND to raise investment income. Investment Overview 2010 Vietnam economy outlook Follow up bond market(domestic & international), both economic indicators & bond trading activities

  6. Plans Accounting & Finance Plans Project Project • 2009 Tax Finalization. • Conduct a training on the phase 2 of budget system. • Auto-pay premium via Sacombank & IVB. • Insurance payment by ID and bank transfer. • Profit center project • 3B Golden Mind project / Cost Saving program

  7. Plans Investment Plans Plans Project • Follow up the macro economy & bond market. • Evaluate the possibility of each equity investment. • Meet the security companies to study the stock market mechanism. Start investment project - schedule time and topic on the financial market and do an internal presentation.

  8. 2 Financial figures

  9. Financial figures 2010 Cathay Life insurance results YTD : 64% TARGET

  10. Financial figures 2010 Cathay Life insurance results YTD : 117% TARGET

  11. Financial figures 2010 Cathay Life insurance results YTD : 90% BUDGET

  12. Financial figures 2010 Cathay Life insurance results YTD : 91% BUDGET

  13. 3 2009 Life insurance results

  14. Financial figures 2009 Life insurance industry results

  15. Financial figures 2009 Life insurance industry results

  16. Financial figures 2009 Life insurance industry results

  17. 4 Market updates

  18. Vietnam economy – CPI 1/2010 1.36% mom 7.62% yoy A seasonal increase in price of food & food stuffs, sport, beverage, cigarettes, entertainment (accounted 48% CPI basket) by roughly 2%. CPI is forecasted to increase highly in Feb-10 due to rising demands and productions during the Lunar New Year. In reality, up 1.96% mom or 8.46% yoy

  19. $6.2bn $4.9bn Trading 10.9% mom 16.2% mom 31.8% yoy 86.6% yoy Vietnam economy–Trade balance 1/10 Export Import Crude oil, Rice and coal Garment, textile, shoes, rubber and aquatic products Machinery, equipment, tools and accessories. Oil and gas reached $540m up by 53% Trade deficit $1.3bn 32.6% mom

  20. Free market 19,350- 19,400 At bank 19,000 At bank 19,000 1 USD Free market 19,350- 19,400 Free market 19,350- 19,400 At bank 19,000 Vietnam economy – FX rate 2/2010 • Some positive supporting news: • 7 State of enterprises sold $470m to bank. • $1b was successfully raised through international bond market. • State bank has taken some strong measures on free market. VND was depreciated from 17,941 to 18,554 and kept trading 3% range. • The VND seems set to continue its long term depreciation due to the continuing trade deficit coupled with a relative lack of confidence in dong assets. The gap is narrow currently

  21. Thank You !

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