錦興國際(2307.HK)，買了一些些，當撐下福建幫。

https://www.youtube.com/watch?v=AjVUoTNOt10

看過好多版本的《扒馬褂》，還是最喜歡這個。

信星(1170.HK)在業績公佈前的四個交易日累挫19.5%，什麼原因木宰羊。純以業績看，雖然生意額同比稍降，但受益於毛利率上升1.9個百分點至16.4%，純利升30%至1.2億港元，以股價近日急跌市值降至9.74億計市盈率8.1倍。公司派末期息5.2仙及特別息4.0仙，即使不計中期息3.8仙光是收末期及特別股息也有6.6%息率。公司手頭持有現金6.66億，已等同市值六成八。港交所披露顯示，長毛 David Webb 5月12日場內增持信星五萬股，均價HK$2.08，持5.00%好倉，倒是不妨跟一跟，況且打了三成三折扣。

純噴口水，but I would do a short Nike / long Adidas pair trade。

Nike 這幾年給我的印象是吃老本（和蘋果差不多），Jordan 球鞋復刻完了再復刻，創新方面嚴重不足。以我最熟悉的籃球鞋為例，Jordan Brand 的當家球星 Melo 和 CP3 感覺不大賣得動，Super.Fly 是個不錯的系列但是 Blake Griffin 又沒有足夠的叫座力，XX9 和 XXX 定價太高。Nike 本身的 Lebron KD 和 Kobe 隨著 Kobe 退役剩下 Lebron KD 和 Kyrie，雖然各有各的粉絲，但是沒什麼增長前景。

那麼假設整個市場總量不變的話，合理的估計是在 Nike 此消的情況下，彼長的一定是 Adidas 和 Under Armour，Adi 這幾年憑 Boost 撈得風生水起而 UA 則挖到了 Curry 的金礦。

Nike 6月28日收 USD53.09，Adidas 收 EUR122.65。一個月后再回來看看。

I picked up D Rose 6 from the North Point outlet recently. And for HK$700, it's a steal. 

For sneaker addicts, buying the right basketball shoes is a careful exercise of checks and balances, taking into account of traction, materials, fit, support/stability, heel to toe transition, breathability, etc. etc. But for a 45-year-old with aches and pains in both of my knees, the only thing matters is cushioning or impact protection. 

Here comes D Rose 6, with an unapologetic amount of boost, and it's full length from heel to toe. It's so soft yet doesn't compromise responsiveness. It lets your foot sink in then pushes back to shape and propels your next step.

Yes, it may look a little bulky and may not be everyone's cup of tea aesthetically, but if you're looking to take care of knees, this is the one, especially for HK$700.

Yesterday, I played about 10 games of 3-on-3s and my knees felt fine. That says a lot about BOOST.

Sources: Lizhang Jiang to be NBA's first Chinese minority owner

http://espn.go.com/nba/story/_/id/16561211/minnesota-timberwolves-sell-ownership-shares-lizhang-jiang-meyer-orbach

Heck, I would want to buy a stake in the Timberwolves too if I were a billionaire. Things are finally looking up for Minnesota with cornerstone players Carl-Anthony Towns and Wiggins. After taking Providence point guard Kris Dunn fifth, it may be time to part ways with Rubio, who just couldn't fix his jump shots.

Now it's up to Thibodeau to bring out the best in this young group of players. It was a genuine pain last season watching Sam Mitchell coaching this team. 

Eagle Nice's (2368.HK) 34% decline vs 52-week high of HK$2.82 (Nov. 23) likely have priced in lackluster 2H results. Full-year dividend payout of 17 HK cents yields 9.2% and looks sustainable, hence providing downside protection. Risk is if there will be another warm winter which impossible to forecast. No catalysts for now so probably best just keeping current positions unless there is steep post-results fall. Shares down 4% at HK$1.85 Friday.

no zuo no die

      用 no zuo no die 來形容這次脫歐公投應該妥貼。Brexit vs Bremain，最後结果竟然是Bregret。大批英國民眾不滿公投結果，在下議院請願網站聯署，要求推翻公投結果，並舉行第二次公投。

      金融市場的反映似乎過激。英國經濟仍然是英國經濟，該貿易還得貿易，該融資照樣融資，優惠可能少點但不會是翻天覆地的巨變。兩種觀點我尤其不買帳，一是英國經濟會衰退進而拖累歐洲乃至全球經濟，二是其他歐盟國家會東施效顰然後歐盟土崩瓦解。

      對於第一個觀點，英國現在是英國，不是大英帝國，二則想像力無限發揮。不是說不可能，而是中間變數太多而且這樣的 scenario 即使 play out 也是經年累月的事情，哪能現在一下子就 discount 在資產價格上。

      回說港股，上周除了脫歐的黑天鵝，另一個持續發酵的因素應是滔滔不絕的北水南下。套用大陸用語，一是港股確實是"價值窪地"，其二這些南下資金部分應該是為了規避人民幣貶值的風險（和來香港買保險一個道理）。

      操作上，週五買了不少貨，明天有機會繼續血拼。今年上半年是操作困難的半年，希望下半年做得更好。

Nightwing says wearing these is like wearing Kobe 4 or 5, "but on steroids." Kobe 4 is one of my all-time favourites. If this is Kobe 4 on steroids, I'm all for it. Adidas is killing it with Boost. Nike, you need to step it up. KD 9 is nice, but 1399? NOOOOO

https://www.youtube.com/watch?v=4al5qT3lpsE


Quote of the day: "The biggest sin is sitting on your ass" -  Rose F. Kennedy