Seeking Alpha

Dark Apprentice

 
View as an RSS Feed
View Dark Apprentice's Articles BY TICKER:
  • PBOC Steps In To Speed Up Mortgage Lending, Market Cries For More
    Mon, May. 19 FXI, GXC, PGJ 6 Comments

    Summary

    • On May 14th, China’s central bank called on the nation’s biggest lenders to accelerate the granting of mortgages.
    • Large scale stimulus is still absent.
    • Macro headwinds call for more powerful stimulus to kick start demand.
  • China's Housing Sector: The Check Engine Light Is On
    Thu, May. 8 FXI, PGJ, GXC 17 Comments

    Summary

    • Recent housing data show that housing prices and volume are both declining across major cities in China.
    • The financial well being of real estate developers continues to deteriorate.
    • Lending tightening has further stretched the already vulnerable funding chain.
  • Riding The U.S. Housing Recovery On The Back Of iShares U.S. Home Construction ETF
    Sun, Apr. 20 ITB 4 Comments

    Summary

    • Employment and mortgage rates are two most important drivers for housing recovery.
    • Employment is recovering and QE exit has been fully priced in current mortgage rate.
    • Fundamentals to support an organic housing recovery are in place.
    • Recent ITB price correction presents a good buying opportunity.
  • Clash Of The Titans: ICBC Vs. Wells Fargo, JPMorgan Chase, And Bank Of America
    Tue, Apr. 1 WFC, BAC, JPM 1 Comment

    Summary

    • ICBC's 2013 earnings were announced on March 27th. Net profit rose 10.2%.
    • ICBC is trading at a significant discount to its global peers. Onshore A-shares are trading at 0.95x P/B.
    • Despite high borrowing costs faced by ICBC, net interest margin remains stable.
    • Concerns over asset quality and NPL maybe exaggerated.
    • ICBC offers a 7% dividend yield.
  • Long Silver With A 16% Yield - Silver Shares Covered Call ETN
    Thu, Mar. 13 SLV, SLVO 14 Comments

    Summary

    • A commodity play focused on yield.
    • Concerns for market peaking and geopolitical tensions have fueled the recent precious metal rebound.
    • A cautiously bullish view on silver favors SLVO, an ETN that generates monthly yield while riding the silver recovery.