Monthly report april 2011
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Monthly Report April 2011. Accounting, Finance, Investment. Contents. Activities. Market Watch. Investment / Financial Results. Plans. Accounting. Activities. First Quarter Financial Statements Working with E&Y auditors on related matters. Revised Payment Time

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Monthly Report April 2011

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Monthly report april 2011

Monthly Report April 2011

Accounting, Finance, Investment


Contents

Contents

Activities

Market Watch

Investment / Financial Results

Plans


Accounting

Accounting

Activities

First Quarter Financial Statements

Working with E&Y auditors on related matters

Revised Payment Time

Payments of 100 million dong or above will be

settled on every Tuesday.

Invoice

Reminded all staffs on Invoice of 2010 and backward,

issued after 31/03/2011, expired from 1st Apr, 2011

onwards to protect our company.


Finance

Finance

Activities

Tax reports

2010 Finalization reports

Monthly reports

Destroying 2010 expired invoices


Investment

Investment

Activities

Enhance Investment Yield

Moving money to the highest return asset

Universal Life Product

Final draft of investment strategy and policy

Market Research

Building quantitative analysis for macro view

Transition

Work handover from Jonathan Lee


Financial market q1 april

Market Watch

Frankfurt DAX

YTD:5.5%; MTD:3.6%

GDP Q1: 0.8%e

CPI Q1: 2.6%

Shanghai SHX

YTD:5.4%; MTD: 1.1%

GDP Q1: 9.7%

CPI Q1: 5.4%

NY S&P 500

YTD:6.2%; MTD: 0.7%

GDP Q1: 2.0%e

CPI Mar: 2.3%

Hot Issues:

1. Equity markets are booming

2. Commodities prices are inflated

3. Devaluation of USD (record low in 2 yrs)

4. Raised interest rate: EU, China, Brazil…

Taipei TWSE

YTD:-0.3%; MTD: 3.1%

GDP Q1: 5.01%e

CPI Q1: 1.35%

Market Watch

HCMC HCM

YTD: -3.9%; MTD: 1.4%

GDP Q1: 5.43%

CPI Qi: 12.79%

Financial MarketQ1 / April

Note : As of Apr. 25th.


Prominent assets in 2011

Prominent Assets ( in 2011)

Market Watch

Gold Spot/oz

US Dollar

Down 6.2% YTD

UP 5.4% YTD

MSCI World Index

Crude Oil

UP 22% YTD

UP 5.8% YTD


Interest rate exchange rate

Market Watch

Interest Rate & Exchange Rate

Exchange Rate (As of Apr. 25th)

Interest Rate (As of Apr. 25th)

TWDVND (R) UP 24%

USDVND (L) UP 12%

Note: Rate for institutions.

  • Interest rates are at incredibly high level .

  • VND is still under pressure of depreciation.


Trade deficit vs exchange rate

Trade Deficit vs Exchange Rate

Market Watch

Trade Balance Estimation

VND and Acc. Trade Deficit

USD in MN

VND in MN

Trade Deficit (R)

a

b

USDVND (L)

c

Set scenarios like this (control the pace of Exp/Imp):

a: Export grows faster.

b: Import and Export grow in the same pace.

c: Import grows faster.

  • VND and Trade Deficit have some kind of co-relation.

  • With high prob. deficit will be still high. Since it’s still Gov.’s concern, VND may keep devaluating with that.


Asset allocation revenue

Asset Allocation & Revenue

Investment Result

Gov. Bonds

(77.5%)

Gov. Bonds:

Ave. yield 15.76%; Duration 4.58

USD TD

(8.5%)

USD TD:

Weighted rate 2.15%; Tenor: 0.35

VND TD

(13.1%)

VND TD:

Weighted rate 15.68%; Tenor: 0.95

Cash/DD:

Target amount of 1.5 billion

Cash / DD

(1%)

Note: As of Apr. 25th.

  • Most of our investment comes to the long term Government Bonds.

  • Weighted average yield is around 14.5%. We achieve 13+ billion VND Investment Return every month.


Profit and loss

Profit and Loss

Financial Result

Billion VND

  • For the first quarter, expenses are still high.

  • Actual / Budget 2011 goes to 19% this year to date.


Gross premium

Gross Premium

Financial Result

Billion VND

  • Actual / Budget 2011 is 124% YTD

  • Actual 2011 / 2010 is 217% YTD


Sales expenses

Sales Expenses

Financial Result

Billion VND

Note: Sale expenses are mostly agent incomes, sale incentives…(commission exclusive)

  • Actual / Budget 2011 is 112% YTD

  • Actual 2011 / 2010 is 174% YTD


Administrative expenses

Administrative Expenses

Financial Result

Billion VND

  • Actual / Budget 2011 is 95% YTD

  • Actual 2011 / 2010 is 117% YTD


Accounting1

Accounting

Plans

Online Business Trip Reimbursement

Working with IT to figure out the issues and

get the best solutions

Innovation & Incentive

Following up and update to BOD the staff

contributions

Universal Life Product

Setting up the accounting process


Finance1

Finance

Plans

Innovation & Incentive

Opening Visa Debit cards for Regional Directors

Sacombank’s Renewal Service Contract

Negotiating the best terms with Sacombank

Cooperate with IT to create new functions

Daily cash on hand report of customer services

Monitoring of returned insurance payments

and re-payment processing


Investment1

Investment

Plans

Enhance Investment Yield

Moving money to the highest return assets

Maintaining the cash balance at the lowest level

Market Relationship

Keeping in contact with market players

Universal Life Product

Assisting Planning Division on related matters

Market Watch/Research

Monthly presentation / New product survey


Monthly report april 2011

Thank You


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