To equip participants with skills in the discipline of stock selection using a step-by-step top-down approach to fundamental analysis. To enable participants to analyse company performance using financial ratios.
✓ Investing as a continuing endeavor
✓ Approaches to investing in the stock market
✓ Technical and fundamental analysis
✓ Efficient market hypothesis
✓ The psychological approach (behavioural finance)
✓ Strengths of fundamental analysis in stock selection
✓ Factors affecting stock market and prices
✓ Types of risks in stock investments
✓ Top-down approach of fundamental analysis
✓ Economic analysis, industry analysis, company analysis
✓ Stocks are not lottery tickets
✓ Behind every stock is a company
✓ Behind every company is a business
✓ Corporate analysis – reading financial statements
✓ Financial ratio analysis for stock valuation and selection
✓ Bonus issues and rights issues
✓ Valuation of rights
✓ Alternatives in rights issue
Mr Robert C S Tay is a Trading Representative with UOB Kay Hian Securities Pte Ltd. He has 25 years experience in international currency and deposit broking, stock broking, investment management and securities research. His past appointments include: Investment Manager, of Phillip Securities; Director of Phillip Securities Investment Research, Investment Manager of DBS Securities, Research Manager of Morgan Grenfell Asia Securities. Mr Tay is a frequent conference speaker on investment management and strategies and is often invited by the media to comment on the stock market and economy. Mr Tay conducts courses and workshops for SGX, IBF, NUS, SIAS and other financial institutions. He served on the Education Committee of SIAS and was the lecturer and the examiner for the SIAS investment analysis program. He has a BA in Economics and Sociology from the University of Singapore and an MBA from the University of New South Wales.
15 Lecture Hours
SGD 600
To equip participants with skills in stock valuation and selection using advanced fundamental analysis. To enable participants to analyse financial statements and use financial ratios to determine overvaluation, fair value and undervaluation.
✓ Stock selection and stock transaction timing
✓ Economic analysis and key economic indicators
✓ Industry analysis and industry life cycle concept
✓ Use of industry norms as benchmarks
✓ Company analysis – qualitative and quantitative aspect
✓ Balance sheet, income statement and statement of sources and uses of funds
✓ Financial statement analysis
✓ Financial ratios and methods of valuation
✓ Strategies for stock valuation. The income method, the earnings method and the asset method.
✓ Benjamin Graham – The father of value investing
✓ Benjamin Graham’s intrinsic value method
✓ Calculation of intrinsic value
✓ Shortcomings & strengths of intrinsic value
✓ Bonus issues & rights issues
✓ 6 alternatives for rights issues
✓ Basic Evaluative Ratios Test (BERT)
✓ Market volatility and stock selection opportunity
✓ Lessons from Benjamin Graham, Warren Buffett, Peter Lynch
✓ Graham and Buffett – Investing is most intelligent when it is most businesslike
✓ Characteristics of winning stocks
✓ Concept of consumer monopoly
✓ Investing in times of crisis – danger and opportunity
Mr Robert C S Tay is a Trading Representative with UOB Kay Hian Securities Pte Ltd. He has 25 years experience in international currency and deposit broking, stock broking, investment management and securities research. His past appointments include: Investment Manager, of Phillip Securities; Director of Phillip Securities Investment Research, Investment Manager of DBS Securities, Research Manager of Morgan Grenfell Asia Securities. Mr Tay is a frequent conference speaker on investment management and strategies and is often invited by the media to comment on the stock market and economy. Mr Tay conducts courses and workshops for SGX, IBF, NUS, SIAS and other financial institutions. He served on the Education Committee of SIAS and was the lecturer and the examiner for the SIAS investment analysis program. He has a BA in Economics and Sociology from the University of Singapore and an MBA from the University of New South Wales.
15 Lecture Hours
SGD 600
Course participants should have a basic understanding of Fundamental Analysis and Stock Valuation.
To equip participants with an understanding of the types and nature of warrants. To learn valuation techniques and momentum guidelines to develop effective investment and or trading strategies to take advantage of warrant volatility.
✓ Definition and characteristics of warrants or Transferable Subscription Rights
✓ Why are warrants issued
✓ The Relationship between the warrant and its underlying security
✓ The attraction of warrants. The gearing effect
✓ Warrants as a hedge. The hedge ratio
✓ Warrant formulae and terminology. Premium, Discount, Parity Ratio, Gearing Ratio. In, At and Out of the Money
✓ The Black Scholes option pricing model
✓ Implied volatility and historical volatility
✓ Factors affecting warrant price
✓ Warrant pricing models – An overview
✓ The Capital Fulcrum Point
✓ Covered warrants. A third party involved
✓ Technical analysis of warrants
✓ The Wilder’s RSI and Lane’s Stochatics
Mr Robert C S Tay is a Trading Representative with UOB Kay Hian Securities Pte Ltd. He has 25 years experience in international currency and deposit broking, stock broking, investment management and securities research. His past appointments include: Investment Manager, of Phillip Securities; Director of Phillip Securities Investment Research, Investment Manager of DBS Securities, Research Manager of Morgan Grenfell Asia Securities. Mr Tay is a frequent conference speaker on investment management and strategies and is often invited by the media to comment on the stock market and economy. Mr Tay conducts courses and workshops for SGX, IBF, NUS, SIAS and other financial institutions. He served on the Education Committee of SIAS and was the lecturer and the examiner for the SIAS investment analysis program. He has a BA in Economics and Sociology from the University of Singapore and an MBA from the University of New South Wales.
10 Lecture Hours
SGD 600