1 / 24

Funds Managers Hung Pun Ki, Majesty 2008078285 Mak Yin Yan, Wendy 2008299994

Stock Track Portfolio Project 09-10. Funds Managers Hung Pun Ki, Majesty 2008078285 Mak Yin Yan, Wendy 2008299994 Wong Lam Wai, David 2008085991 Yau Tat Kwan, Jacob 2008046921. Presentation Flow. Trading Philosophy and Strategy. Behavior Bias. Analysis of selected trade.

aria
Download Presentation

Funds Managers Hung Pun Ki, Majesty 2008078285 Mak Yin Yan, Wendy 2008299994

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Stock Track Portfolio Project 09-10 Funds Managers Hung Pun Ki, Majesty 2008078285 Mak Yin Yan, Wendy 2008299994 Wong Lam Wai, David 2008085991 Yau Tat Kwan, Jacob 2008046921

  2. Presentation Flow Trading Philosophy and Strategy Behavior Bias Analysis of selected trade Relative and Absolute Performance Future Prospective 1 2 3 4 5

  3. 1 Market is NOT efficient! Believe in Value Investing 2 Believe in Momentum Investing 3 Trading Philosophy

  4. Trading strategy • Primarily in Hong Kong Stock Market • Easily to obtain information via Internet • With a deeper understanding • Can catch the market sentiment easier • Asset allocation • At the beginning as outlined,10% spots and future, 20% cash, remaining contributed to HK stocks

  5. Behavior Bias • Ignorance of short-term game • emphasize on long term investment • Only 3 months • Neglect short-term volatility • Selection of unfamiliar market • Buying of derivatives • Asymmetric information

  6. Adjustments

  7. Short-term day trading

  8. 0363 – SHANGHAI INDUSTRIAL HOLDINGS LIMITED • 1st reason: On 31/3, Announcement of 2009 Annual Results show 00363 is bullish. • 2nd reason: On 31/3 • Shanghai Industrial holdings Ltd released its 2009 Annual Financial performance • Overall gross profit rises by 5.8% • Profit in real estate sector rises by 66.2% • Final dividend 60 cents per share • Catch the advantage of Shanghai Expo

  9. 0363 – SHANGHAI INDUSTRIAL HOLDINGS LIMITED

  10. 0363 – SHANGHAI INDUSTRIAL HOLDINGS LIMITED • However, there is a series of bad news.

  11. 0363 – SHANGHAI INDUSTRIAL HOLDINGS LIMITED

  12. 0005 HSBC • 4/2 monthly statement, new stocks released • 17/2 announcement of fourth quarter results

  13. Select Trade 3- Speculation (8173.HK) Use at most 30% of money on speculative trading Ride on moment with the help of technical analysis Cut loss strictly at 15% Bet on stocks with highest beta

  14. Selected Trade- Technical Analysis K line cross from below over the S line Sudden Increase in Turnover => We wait for rising trend

  15. Select Trade 3- Speculation Buy at 0.061 Increase stakes at 0.073 Start profit taking at 0.091 Return =37.8% Lessons learnt When making profit, withdraw part of the money out and let the remaining run for itself.

  16. Relative performance Majesty Fund HSI

  17. Relative performance • Benchmark: Hang Seng Index • Outperform the benchmark!

  18. Market Efficiency

  19. Market Efficiency • Null hypothesis • The market is in a random walk process hence it is efficient • Result from tests • Test statistics> critical values for both tests • The market is efficient • Reject the null hypothesis

  20. Our perspective in 2010 Health Care Reform Renewable Energy

  21. Late Performance • Huge returnRate of return in the last month= 15% • Constant return • Highest among all funds • Rate of return of HSI= 7.4%

  22. Majesty Fund • We learned from mistakes • We invest in our strongest • We have good market sentiment Fact!! These make Majesty Fund the best performed PROVEN

  23. The End • Thank you very much for your attention!

More Related