Experience from Taiwan apply for Equity Investment in Vietnam Investment Department May 2012 Taiwan Training Trip Sharing.

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Presentation transcript:

Experience from Taiwan apply for Equity Investment in Vietnam Investment Department May 2012 Taiwan Training Trip Sharing

Outline:  Three steps for stock investment  Macro Analysis  Sector Analysis  Company Analysis 2

3 Three steps for Stock Investment Economy Analysis Sector Analysis Stocks Analysis

Step 1: Economy Analysis 4 1. Economy trend, cycle GDP yoy 2. Inflation Trend, Cycle %CPI yoy  Experience from Cathay TW: When GDP is at bottom, or Lower Government target => Time for Stock Investment  Inflation is on down trend (comparison with three consecutive mths)  Government think that Inflation is already down High Low

5 3. Others investment channel: Step 1: Economy Analysis %Government Bond yield 4. Stock Index:  Deposit, bonds, … is at low level  Stock index is at cheap price (refer to latest bottom) Resistance line

6 Step 2: Sector analysis Advise from Cathay Taiwan: choose sectors connect to GDP => Financials, Consumer

7 Large Stock Weight Others 8 Largest companies dominated the market ( Cathay Taiwan advise we should choose some largest companies) Step 3: Company analysis

8 BVH AAM Decide Investment Method (as advised, we should choose safety stock for first time investment ) RISKY StockSAFETY Stock Things to Consider Step 3: Company Analysis

3 Rules for Investment Decision 9 BCIDAS RULE # 1: For downward trend price, BUY when volume increase Price chart Volume Price chart Volume Step 3: Company Analysis

10 VE9 PHR RULE # 2: BUY if Stock is sideway for longtime but suddenly increase both price and volume 3 Rules for Investment Decision Price chart Volume Step 3: Company Analysis

11 SDD KMR Price chart Volume RULE # 3: SELL when stock at high price and volume increase: 3 Rules for Investment Decision Step 3: Company Analysis

12 P/E ratio analysis: Valuation: Step 3: Company Analysis Expensive price Cheap price

13 Broker views: Step 3: Company Analysis

Financial analysis: 14 FA ANALYSIS ROA Asset Equity EPSROE -Should based on 5 years -Audit report from big four company -Financial report should be released on time -Company plan in the next five years Step 3: Company Analysis FA Criteria's:

How to get information? 15 Step 3: Company Analysis

16 How to get information? Step 3: Company Analysis

Thank you 17