The Lonely Life of a Sell Recommendation

CPT/CE Eligibility (A Recognized CPT Provider)

(CODE: 221121LU-CEX)

In this webinar, three financial analysts famed for their skill in calling “Sell” recommendations will share their experiences. Well-researched “Sell” recommendations are highly valued in the market because of their rarity. Authors of these recommendations should prepare themselves for the obstacles – some visible, others hidden – that they will face when promoting their analysis and investment opinions, however. Is it really worth publishing a “Sell” recommendation? How can negative investment conclusions be best communicated to, and acted upon by, investors? What is the best place for independent research in the market? Our three guests will share their insights on these and other questions of interest.

About the Speakers

Mr. Simon Cheng

Simon Cheng is a financial analyst and investor with more than 20 years of investment experience in the Greater China markets.  After earning his CPA qualification with KPMG HK, Simon joined the investment industry in 1999 and worked as a sell-side analyst for CLSA, Credit Suisse, BNP Paribas and Deutsche Bank. He achieved wide recognition for his small-cap research and China research expertise. In 2009, Simon moved to the buy side and worked at investment management firm T. Rowe Price for ten years. Simon holds a Bachelor’s Degree in Computer Engineering from The University of Hong Kong.

Mr. Gillem Tulloch

Gillem Tulloch has been a financial analyst since 1994 and has been based in Asia since 1995, with spells in Singapore, Thailand, Korea and most recently Hong Kong. Over his career, Gillem has covered sectors ranging from telecoms to printing to electronics. He has achieved top industry rankings in regional polls like Asiamoney and Institutional Investor, and has appeared on Bloomberg and Business Week. Gillem has worked in research and strategy for several large sell-side institutions, including Cazenove, Nomura and CLSA, and founded the independent research company Forensic Asia before moving on to establish GMT Research.

Mr. Timothy Lam

Timothy Lam has been in the financial industry for over 15 years. He previously worked as a financial analyst at Citi, Macquarie and BNP Paribas. During his sell-side analyst career, he covered various sectors including Semiconductors, Utilities, Alternative Energy and Small Caps. He worked in teams which were ranked #1 by the Institutional Investor Poll from 2006 to 2015. Timothy received his BSc in Electrical Engineering and Computer Science from the University of California, Berkeley, and MBA from the Hong Kong University of Science and Technology.

Rating General – Material presented will be basic and of interest to a general audience having no background in the area.

CFA Societies Global Passport Program

CFA Society Hong Kong has participated in the CFA Societies Global Passport Program which allows CFA society members to enjoy local society member rate at selected events like this luncheon.  Members of non-CFA Society Hong Kong CFA Institute societies qualify to attend this event at CFA Society Hong Kong member rates.  Please contact CFA Society Hong Kong at events@cfahk.org to register.

Remarks

• This Webinar is a complimentary event for all members.
• Upon registration on the Zoom platform, each registrant will be given a unique link for each session, please do not share the link with others.
• Members will be entitled to receive CPT Attendance Letter at NO extra costs after attending the FULL webinar. Please see below for further details.
• To qualify for CPT/CE hours, all participants must attend the full webinar. After the webinar, Society staff will verify participants’ check-in and check-out time from the registration system for the purpose of issuing CPT Attendance Letters. No pro-rata credit hours will be awarded.
• CFA Societies Global Passport Program Eligible.
• The event will be conducted in English.
• The webinar link and email confirmation will be sent to the registrant upon successful online registration. 
• A webinar reminder will be sent out 1 day before the event. If you have not received the email confirmation and reminder, it is the delegate’s responsibility to contact CFA Society Hong Kong to confirm their place.
• The webinar will be conducted on Zoom.
• Please log in the webinar link 10 mins in advance of the session start time to allow some time to solve the technical issues (if any) and the webinar will start promptly at 12:30 PM.
• For the attendance-taking purposes, participants’ names and company names (if any) may be given to the speaker of this event.
• CFA Society Hong Kong will closely monitor and assess the ongoing situation of COVID-19 in the community. Should there be any changes to the event dates and other arrangements, we will notify participants via SMS and/or email.  Notices will also be posted on Society’s website.  Please stay alert with our notifications.
• The event organizers reserve the right to change the format, date or speakers of the event due to unforeseen circumstances without prior notice.
• In case of dispute, the decision of CFA Society Hong Kong is final, and no further correspondence will be entertained. 
• Please note that no request for an attendance letter will be processed after the event date & registration deadline.