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"Sun Life Financial (Parent Company) says it has exposure of $334-M in Lehman"

freedomfighter · 25 · 10230

freedomfighter

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« Last Edit: Sep 20, 2008, 10:57 AM by freedomfighter »


ahock

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actually most of the institutions na nag report agad ay for me a good sign. Quick to admit tthey have the exposure AND walang tinatago. I asked din BDO and sabi nila yung 3.8B na provision for losses ay hindi naman actually yung current cash nila nabawas as dati na nila na invest. Since Lehman is under bancrupcy na pwede naman ibalik yun pera but as to when ay malabo. Now in the event mabalik man yung 3.8B na yun then it will be a 1 time gain nanaman.


FutureGizmo

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Actually, these banks were required by the BSP and the SEC to make disclosures that's why they released details of their Lehman exposures. Right now, it appears that BDO is the bank hit worst by the Lehman collapse. Based on my initial analysis, though, their exposure in Lehman Brothers is not that large compared to the total asset base which means it's not really a cause of concern (yet, that is hehe). Of course, BDO's profit is expected to be lower this year due to possible write-offs and stockholders already recognized this, causing them to dump BDO stocks yesterday. As for liquidity and ability to pay deposit liabilities, I think BDO is still fully covered.


hunda

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hala ka, freedomfighter! your company Sun Life has exposure to the bankrupt Lehman Brothers. what is their business why big companies like yours got in into their jam-packed lackadaisical train?


LAV

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Definitely, hindi mababalik whole amount an ininvest ng isang tao, isang banko or instituion sa LEHman, unless insured yun amount... may liquidation process yan and dpending sa hawak na classification ng bonds or notes... dun ebbased kung priority ang isag bond holder ng LEH kung mababayaran agad sila... Example - if LEH used to be worth $5B and now only $500M, then yun lang mapaghahatian nila. Unfortunately LEH before is worth $70/share at peak... nowits only $0.30/share or 5% of its total amount.

Pero wag kayo matakot... maliit lang an amount na ito for Sun Life, MBT, or BDO

Mawala man itong pera na ito sakanila... they will still survive... No doubt...
The amount is less than a year of their earning!!! pero lugi na talga sila

Matakot tayo if AIG ang magsara... w/c I doubt coz FED is on its way to ave the day

 :applause:
« Last Edit: Sep 17, 2008, 11:16 AM by LAV »


teeyah

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« Last Edit: Sep 17, 2008, 12:53 PM by teeyah »


leela

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nasaan na yung thread about what happens if an insurance company closes down?


freedomfighter

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LAV

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Sun Life is much much much bigger than BDO & MBT... and very conservative...
 :applause:


wjjt

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Good for Sun Life, may investment pa naman ako sa kanila.


kiko2007

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bumaba p din navpu ng vul sa sunlife... that means sale na naman!!! :) tentenenen!!!


FutureGizmo

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When the PSE asked Sunlife for disclosure regarding possible exposure to Lehman, Sunlife responded by submitting the press release of its Sunlife of Canada HQ. Wrong move by the Compliance Group, kasi yung HQ ang may exposure pero ang Sunlife Philippines, wala pala. Na-spook tuloy ang market at investors ng Sunlife kasi kala nila apektado ang Philippine subsidiary. Next time, i-clarify nila yung disclosure para nde ma-confuse ang investors.

Should we panic? BDO, Metrobank, RCBC hit by Lehman collapse


micro27

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wjjt

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Yup, it's time for bargain hunting!


LAV

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RCBC not so clear how much they were hit...BAD sign...lam ko malaki laki exposure ng RCBC ever since sa US subprime... i dont know if they were able to fix that pero sa BSC or Bear Stearn palang tinamaan na ata sila

Just my personal opinion...nothing against this bank...chizmiz lang ito ha?

But I still think our local bank is still stable...thou earnings maybe affected... a closure is improbable... unless magka bankrun...ibang usapan...but I am sure BSP is behind the back of BDO, MBT, & RCBC (Owners of RCBC very close to PGMA)

Maybe mas problematic mga may Mutual fund exposed sa Investment Banks and other financial institution sa US...that is if LEH is just the beginning of more US Financial Bankruptcy... kasi if more US Financial Company close down... then mauubos pera ng mutual fund sa kakahabol ng mga bonds na inissue ng mga company sa US... pero that is "IF GANUN NGA MANGYARI" if not... then nothing to worry...

only question is...

LAST na ba si LEHMAN or dami pa magsasara na US company... remember kahit hindi Bank nagiissue ng Corporate Bonds...where banks around the world usually invest their money... meaning if other none bank files bankruptcy... then pwede lumala kalagayan ng liquidity problem sa mundo, w/c is not very healthy for any economy or bank.


 


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