24 June 2018

Alex Wong

Director, Asset Management at Ample Capital Limited.
  • A trader wears an Iron Man mask on the floor of the New York Stock Exchange. An "iron heart" is needed for investing in tech shares. Photo: Reuters

    How investors should deal with tech shares setback

    - Jun 13, 2017 4:57pm
    I failed to beat the market in 2014 because I bet heavily on new-economy stocks and shorted old-economy stocks as a hedge that year. That’s the only year that my portfolio underperformed the benchmark in the...
  • Retail investors often care only about getting quick stock tips rather than improving their own investment skills. Photo: Reuters

    Investors should focus on big trends, not stock tips

    - Jun 7, 2017 8:33am
    “What’s your view on New World Development (00017.HK)?” “How about China Life Insurance (02628.HK)?” I was facing a roomful of people asking for stock tips during the Q&A session of a seminar recently. It’s upsetting, actually....
  • Amazon founder Jeff Bezos is now the world's third  richest person, according to Forbes, thanks to a surge in Amazon's shares. Photo: Reuters

    Why investors should place their bets on internet giants

    - May 24, 2017 10:30am
    There are market fears over the latest political crisis surrounding US President Donald Trump amid a series of government leaks. But it is merely noise. The US equity market is going to be dominated by top...
  • Relative weakness of BMW shares reflects the potential threat the European firm faces from new-generation car makers such as Tesla. Photo: BMW

    What European equities cannot offer

    - May 16, 2017 4:05pm
    European equities have suddenly become popular for various reasons. First, political risk in the region has mitigated. Second, economic numbers are improving, particularly those of Germany. Third, low valuations have made those markets attractive. With lots...
  • A huge jump in Amazon's share price has catapulted its founder Jeff Bezos to the second spot on the global wealth list. Photo: Bloomberg

    What Amazon’s success has taught investors

    - May 10, 2017 9:15am
    Amazon boss Jeff Bezos may soon become the world’s richest man given the pace of gain in his company’s share price. From its beginnings as an online bookstore to the current phenomenon as an e-commerce and...
  • Despite such developments as the US Federal Reserve's decision to shrink its balance sheet and the North Korea crisis, stock markets have continued to do well. Photo: Reuters

    Defense is key for active funds to beat index

    - May 4, 2017 1:19pm
    Although exchange traded index funds have continued to gain traction, these products have weaknesses, too. One is their inevitable decline during market downturns. This is so because index funds, by definition, tracks the index, rain or shine....
  • The impact of the Stock Connect program on Hong Kong equities is just beginning to be felt. Photo: Bloomberg

    HK equities: Go for mid-cap industry leaders

    - Apr 25, 2017 5:16pm
    I made a trip to a Chinese manufacturer recently. Interestingly, the mid-cap company has attracted more than 40 fund managers, 80 percent of which are from mainland China. Some might think the Stock Connect program with...
  • Despite posting a net loss for 2016, Cathay Pacific remains financially healthy as it reported net operating cash inflow of over HK$6 billion for the year. Photo: YouTube

    Why Cathay is worth a bet for those patient enough

    - Apr 18, 2017 4:38pm
    Soured fuel hedging bets and the reported losses for 2016 have contributed to weak sentiment on Cathay Pacific Airways (00293.HK), but investors may be overlooking some of the encouraging trends going on that could lead to...
  • Artificial intelligence, self-driving cars, virtual reality, Big Data are some themes that may take years to fully run the course. Photo: Reuters

    Divergence is the new norm in equity market

    - Apr 11, 2017 4:35pm
    Although Hang Seng Index is usually seen as a gauge of the overall Hong Kong market strength, the benchmark is in reality becoming less and less reflective of the broad trading landscape in the city. That...
  • Even if US President Donald Trump encounters more resistance to his reform plans, it may not hurt the Hong Kong market as his setbacks would prompt investors to diversify away from US equities into HK equities. Photo: Reuters

    Trump’s troubles may be a boon for Hong Kong market

    - Mar 28, 2017 4:38pm
    US President Donald Trump’s failure to repeal Barack Obama’s Affordable Care Act is widely considered as negative for the market. While Trump has decided to shift his focus to his tax measure in an apparent bid...
  • Highly prospective technology stocks have already gained too much. Meanwhile, it’s hard to judge how long the rebound of inexpensive old-economy stocks will sustain. Photo: HKEJ

    HK equities: Why stock-picking approach won’t work for now

    - Mar 21, 2017 4:00pm
    Led by a recovery in old-economy stocks, the benchmark Hang Seng index continues to gain ground. Nevertheless, we have also witnessed some sharp pullbacks in sectors that advanced notably previously such as Chinese property counters and...
  • Without having to spend a great deal of time researching companies like billionaire investor Warren Buffett does, an average investor can still grow wealth over time by investing persistently in an index fund. Photo: Reuters

    Index funds: How to get rich without really trying

    - Mar 7, 2017 4:52pm
    Billionaire investor Warren Buffett recalled that when he was young, the Dow Jones Industrial Average was stuck at around 200 points, which means he has witnessed a 100 times gain in the benchmark index. I bet...
  • Weighing instrument supplier Mettler-Toledo International,  which has grown into an S&P 500 constituent, is an example of ideal smaller firms hedge fund managers should try to identify in order to beat the index. Photo: Mettler-Toledo International

    How hedge funds can win a losing battle

    - Mar 1, 2017 9:50am
    With just about one year to go, billionaire investor Warren Buffett is almost certain to win his decade-long bet that a basket of hedge funds would fail to keep pace with an S&P 500 Index fund....
  • Wall Street rally has spurred gains in equity markets in many parts of the world, including Hong Kong, but investors would do well not to get carried away. Photo: Reuters

    Enjoy the equity bubble but stay alert for sudden reversal

    - Feb 21, 2017 5:13pm
    The stock market meltdown two years ago saw numerous China and Hong Kong funds suffer badly. Following the debacle, fund managers were criticized for failing to book profits in time on the gains recorded earlier. Well,...

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