20 January 2018

Eddie Tam

Eddie Tam is the founder and CEO of Central Asset Investments.
  • 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...
  • A correction in equity prices is overdue, and the downward pressures could last a while, according to a market observer. Photo: Reuters

    Why it’s too early to be over-excited at the market rebound

    - Aug 16, 2017 11:38am
    Following a slide last week on US-North Korea tensions, most stock markets in Asia rebounded on Monday. But don’t get over-excited by that. A correction in equity prices is overdue, and I expect downward pressures to...
  • While extraordinary physique is required for professional players in basketball, for instance, ordinary people can enjoy playing competitive video games. Photo: Reuters

    What eSports need to get into the mainstream

    - Aug 9, 2017 10:31am
    Even if you’re not a football fan, you have probably heard of Neymar’s jaw-dropping 222 million-euro transfer from Barcelona to Paris Saint-Germain. Record-breaking transfers of superstars are common not only in football but also in the...
  • In Dunkirk, allies contributed largely to Britain’s victory. Without the EU allies after Brexit, what will happen to the UK economy? Photo: Warner Bros.

    Why Britain needs EU allies after Brexit

    - Aug 1, 2017 1:31pm
    I happened to see Christopher Nolan’s latest blockbuster, Dunkirk, at the weekend. The movie portrays the Dunkirk evacuation during World War II, when 400,000 Allied troops were trapped on the beaches of Dunkirk. The troops were...
  • The 1997-98 Asian financial crisis triggered a market sell-off. Hong Kong experienced a serious dip in the economy, which did not bottom out until 2003. Photo: Reuters

    HK financial crisis 20 years on: Will history repeat itself?

    - Jul 26, 2017 10:47am
    This year not only marks the 20th anniversary of Hong Kong’s handover from Britain to China, it is also the 20th year since the Asian financial crisis in 1997. Back then, the Hong Kong dollar peg...
  • Tech giants like Tencent have learned to be obedient while in China, but legal and regulatory issues are only bound to increase. Photo: Reuters

    Meet tech giants’ mortal enemies: law and order

    - Jul 5, 2017 4:48pm
    After a six-year investigation, EU regulators slapped Google with a US$2.74 billion fine, ruling that the search-engine giant violated antitrust rules. The record fine is not expected to cripple Google and its parent Alphabet, which has...
  • If MSCI rejects China’s inclusion again, that could likely provoke speculative buying by red-faced market players in China. Photo: Reuters

    Be cautious ahead of MSCI decision on China A-shares

    - Jun 20, 2017 2:57pm
    The market sentiment in China’s A-share market has been abnormally depressed in the first half of 2017. With retail investors’ pessimism over the market, they are still worrying about further yuan depreciation. In my view, that...
  • The bigger story in the tech sector should be SWANNS, which refers to SoftBank, Western Digital, Jack Ma's Alibaba, Nintendo, Nvidia and Samsung. Photo: Bloomberg

    SWANNS: Where great opportunities in tech sector lie

    - Jun 14, 2017 11:46am
    The tech-laden Nasdaq Composite Index declined 1.8 percent last Friday after Goldman Sachs warned of a “valuation air-pocket” in five leading tech stocks dubbed as FAAMG (Facebook, Amazon, Apple, Microsoft and Alphabet). The Goldman report says...
  • Warren Buffet's Berkshire Hathaway could drop out of Top 10 list of the world's most valuable firms, according to a market observer. Elon Musk's Tesla is seen as a dark-horse entry if the automaker merges with Uber. Photo: Bloomberg

    Berkshire out: My prediction on Top 10 firms in 2022

    - May 23, 2017 4:46pm
    “The World’s Most Valuable Companies” rankings are not pointless exercises, as I can attest that such lists actually help us in our investment decisions. Recently I made a prediction on the likely top 10 firms in terms...

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