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Mr. Patrick, Shum, President of BMI Funds Management Limited, was the speaker of "Seminar on Winning Investment Strategies for the Fourth Quarter", which was held on November 13, 2010 (Saturday) at Sheraton Hong Kong Hotel & Towers under the hosting of Economic Digest and the sponsorship of BMI Funds Management Limited. This event attracted almost 600 distinguished guests for sharing and exchanging investment strategies.
President Shum was the speaker of "Mind Reading in Stock Market - Trend Analysis & Forecast of Stock Market". He firstly explained the capital flow conditions with the fact that the QE2 of the United States, as expected, injected significant mount of capital into the investment market. Stock markets, flooded with global hot money, were characterized by the significant trading volume. The stock market would definitely further grow as long as the market capital remains strong.
He also mentioned that governmental policies were even more important than the fundamental factors, especially for the investment in domestic shares. Power, petroleum, telecommunication and mainland property were the major sectors suppressed by the national strategies while the sectors of automobiles, electrical appliances, new sources of energy and domestic consumption were well supported.
President Shum advised the investors to carefully examine the situations and adjust the investment strategies with the changes of relevant policies. Investors may also pay attention to the effects of the "Twelfth Five-year Plan" blueprint as well as those industries under national support with top-priority. He also addressed that current bull market was not on solid economic ground. Therefore, investors may need more short-term deployment and prepare for "investment withdrawal" from time to time. For the questions of how to make a timely decision for "investment withdrawal" under this unexpected market conditions, the answer is to keep an eye on trading volume and business results of individual shares.
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