22 January 2019

Eddie Tam

Eddie Tam is the founder and CEO of Central Asset Investments.
  • Fed chairman Jerome Powell has been accused of sending mixed signals to the market in relation to the pace of monetary policy adjustment. Photo: Reuters

    Fed chief keeps confusing the market

    - Jan 16, 2019 11:12am
    Equity markets witnessed a remarkable bounce over the last two weeks. In Hong Kong, the Hang Seng Index rallied 7 percent from the trough since Christmas Eve, while in the US the S&P 500 index gained 11...
  • Federal Reserve Chairman Jerome Powell has said he considers the central bank's benchmark interest rate to be near a neutral level. Photo: Reuters

    Why March is a critical month for global investors

    - Jan 9, 2019 12:09pm
    The People’s Bank of China has announced a 1 percentage point cut in banks’reserve requirement ratio, and the market has responded more positively than it did to multiple cuts last year. More importantly, the renminbi remained...
  • Tax reduction and stimulation of domestic consumption are some key short-term measures that  China should focus on to revitalize its economy, observers say. Photo: Reuters

    Talks with US critical but China’s own reform the real key

    - Dec 5, 2018 12:36pm
    In the Trump-Xi meeting at the G20 summit in Argentina late last week, the atmosphere was far less intense than what was seen during the APEC summit in Papua New Guinea two weeks ago when Washington...
  • Fans of HBO's hit series Game of Thrones are familiar with the motto of the show's premiere episode, "Winter is Coming". It is also being used as a warning about the global economy. Photo: HBO

    Winter is coming?

    - Oct 19, 2018 11:53am
    Global stock markets have lost their luster. China’s A shares are the worst performers, while Hong Kong stocks are lethargic. Dow Jones and S&P 500 have pared their gains to 2-3 percent after last week’s correction. Nasdaq...
  • Amid rising tensions with the United States, China should deepen its structural reforms. Photo: Sina

    How China should respond to the economic cold war with US

    - Oct 12, 2018 11:14am
    Many have described the deteriorating US-China relations as a new era of cold war. But I believe it’s more like an economic cold war, rather than a full-blown cold war, because what the United States cares most...
  • Chinese smartphone maker Xiaomi has failed to live up to all the hype that it had built up earlier about its Hong Kong IPO. Photo: HKEJ

    Xiaomi’s deflated IPO: What are the lessons?

    - Jul 11, 2018 10:55am
    Xiaomi, Hong Kong’s first listing with multiple-class share structure, made a weak trading debut on Monday. One can only speculate now as to whether the tepid investor response was due to bad timing for the mega-IPO,...
  • If US levies tariff on US$50 billion worth of Chinese goods, it would only represent 0.2 percent of China’s GDP. Photo: Reuters

    A global trade war won’t happen, hopefully

    - Jul 5, 2018 10:02am
    The trade talks between China and the United States are taking a bumpy ride. The US will implement a 25 percent tariff on US$34 billion of Chinese imports on Friday, and then impose tariffs on another...
  • In his approach toward nuclear weapons and foreign policy, some observers believe US President Donald Trump is adopting a 'madman strategy'. Photo: Reuters

    Machiavelli in the White House

    - Mar 14, 2018 12:14pm
    US President Donald Trump has been described as Machiavellian. He lies, deceives and manipulates where necessary, critics say. To some, he embodies the qualities that the Renaissance-era theorist Niccolò Machiavelli recommended in the field of politics. In...
  • The growing popularity of streaming services such as Netflix is among the factors that are posing a severe challenge to traditional movie studios and theatre chains. Photo: Bloomberg

    Global movie industry facing crisis

    - Feb 23, 2018 11:45am
    In 2017, North America, the world’s largest movie market, saw the box office revenue drop by nearly 3 percent to below US$11 billion. And the movie attendance figure stood at 1.58 billion, 20 percent lower than...
  • Mohammed bin Salman, the 32-year-old Saudi Crown Prince, needs US support as he seeks to consolidate his power and push forward his economic and social vision for the country. Photo: Bloomberg

    The fall of Islamic extremism; the rise of Aramco

    - Jan 24, 2018 1:16pm
    Nobel Prize-winning economist Robert Shiller, based on his work on “Narrative Economics”, which studied the effects that narratives and stories can have on the global economy, picks Donald Trump’s election victory in the US and the...
  • Charles Li, chief executive of Hong Kong Exchange & Clearing Ltd. The stock market operator has unveiled a revamp of IPO rules in a bid to attract more ‘new economy companies'. Photo: Bloomberg

    My three concerns on HKEx allowing dual-class shares

    - Dec 19, 2017 4:46pm
    Hong Kong’s stock exchange has unveiled its most drastic revamp of initial public offering rules in decades, allowing ‘new economy companies’ with the controversial dual-class share structure to list on the bourse. A dual-class shareholding structure...
  • The demand for DRAM memory chips is expected to top out in the second quarter of next year. Photo: Bloomberg

    Trees don’t grow to the sky, ditto for chip stocks

    - Nov 28, 2017 6:03pm
    As the old trading adage goes, “trees don’t grow to the sky”; markets will correct at some stage. I previously said that economies all over the world were showing positive growth, which is rarely seen, pushing up...
  • Since King Salman (L) ascended to power in 2015, his son, Crown Prince Mohammed bin Salman (R), has become the most influential and powerful figure in the oil-rich Saudi kingdom. Photo: Reuters

    Saudi purge: The Crown Prince’s motives and market implications

    - Nov 15, 2017 11:01am
    Earlier this month, Saudi Arabia’s newly formed anti-corruption committee detained 201 people in a sweeping purge. Among those held were eleven princes, four ministers and tens of former ministers. The so-called “anti-corruption” campaigns take on different...
  • Xi Jinping walks towards the stand to deliver his speech during the opening session of the Chinese Communist Party’s 19th National Congress in Beijing on Wednesday. Investors will be watching the event closely for clues on policy initiatives for the next

    HK stocks may take a pause amid China party congress

    - Oct 18, 2017 10:40am
    China’s top officials are gathering in Beijing this week for the Communist Party’s 19th national congress. The world will be watching the event closely as it will provide guidance on President Xi Jinping’s plans for the...
  • Examples of "Smart Money" in the global financial markets are (from left) Li Ka-shing, Warren Buffett, Carl Icahn and George Soros. Photos: Bloomberg/Reuters

    Smart money or dumb money?

    - Sep 27, 2017 5:31pm
    What is “Smart Money”? By definition, it refers to sophisticated investors who have a comprehensive observation and understanding of the financial markets, those who often spot and foresee trends before others could, those who act with...
  • Hong Kong equities could scale new peaks if China makes good progress in its economic restructuring attempts. Photo: Reuters

    The bull run may be just getting started

    - Sep 20, 2017 1:20pm
    I had earlier set a two-year target for Hong Kong’s benchmark index at 40,000, with the forecast resting on the assumption that China will succeed in its economic restructuring attempt. Some of my friends in mainland China...
  • The iPhone X is believed to have a nearly all-screen front with no home button. Photo: Reuters

    iPhone X: Can Apple regain its mojo?

    - Sep 13, 2017 10:48am
    Apple will unveil the much-anticipated 10th installment in the iPhone franchise on Wednesday. Expectations are high for the 10th-anniversary edition of the iconic smartphone, which is believed to have a nearly all-screen front with no home...
  • There are still good bargains in South Korean stocks amid escalating tensions on the Korean Peninsula over Pyongyang nuclear ambitions. Photo: Reuters

    Grand bargains in Korean stocks despite Pyongyang’s threat

    - Sep 6, 2017 10:00am
    Tensions on the Korean Peninsula have escalated once again after Pyongyang said it successfully tested a hydrogen bomb, its most powerful nuclear bomb, which could be mounted on a ballistic missile that can reach the US....
  • The patriotic tone of China’s highest-grossing blockbuster movie, Wolf Warrior 2, has been widely shared by many Chinese amid the border dispute with India. Photo: Beijing Dengfeng International Media

    Is war good for the stock market?

    - Aug 30, 2017 4:42pm
    There are voices from inside China and overseas suggesting the positive impact of war on the economy and the stock market. Some even say that investors should expect a sharp rally when the country goes to...
  • US President Donald Trump and German Chancellor Angela Merkel meet at the G20 summit in Hamburg. Amid turmoil in the US, Merkel remains a stabilizing force in Europe. Photo: Reuters

    Europe: New safe haven amid US turmoil

    - Aug 24, 2017 11:58am
    Another fatal attack happened in Europe as terrorists driving a van smashed into a crowd in Barcelona’s Las Ramblas boulevard, killing 13 people and injuring about 100. The refugee and migration crisis among European countries appears...

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