Fundamental Analysis Value Investing II
Intermediate Level

To equip participants with skills in stock valuation and selection using advanced fundamental analysis. To enable participants to analyse financial statements and use financial ratios to determine overvaluation, fair value and undervaluation.

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  • Course Synopsis

    ✓ Stock selection and stock transaction timing
    ✓ Economic analysis and key economic indicators
    ✓ Industry analysis and industry life cycle concept
    ✓ Use of industry norms as benchmarks
    ✓ Company analysis – qualitative and quantitative aspect
    ✓ Balance sheet, income statement and statement of sources and uses of funds
    ✓ Financial statement analysis
    ✓ Financial ratios and methods of valuation
    ✓ Strategies for stock valuation. The income method, the earnings method and the asset method.
    ✓ Benjamin Graham – The father of value investing
    ✓ Benjamin Graham’s intrinsic value method
    ✓ Calculation of intrinsic value
    ✓ Shortcomings & strengths of intrinsic value
    ✓ Bonus issues & rights issues
    ✓ 6 alternatives for rights issues
    ✓ Basic Evaluative Ratios Test (BERT)
    ✓ Market volatility and stock selection opportunity
    ✓ Lessons from Benjamin Graham, Warren Buffett, Peter Lynch
    ✓ Graham and Buffett – Investing is most intelligent when it is most businesslike
    ✓ Characteristics of winning stocks
    ✓ Concept of consumer monopoly
    ✓ Investing in times of crisis – danger and opportunity

  • Course Instructor

    Mr Robert C S Tay is a Trading Representative with UOB Kay Hian Securities Pte Ltd. He has 25 years experience in international currency and deposit broking, stock broking, investment management and securities research. His past appointments include: Investment Manager, of Phillip Securities; Director of Phillip Securities Investment Research, Investment Manager of DBS Securities, Research Manager of Morgan Grenfell Asia Securities. Mr Tay is a frequent conference speaker on investment management and strategies and is often invited by the media to comment on the stock market and economy. Mr Tay conducts courses and workshops for SGX, IBF, NUS, SIAS and other financial institutions. He served on the Education Committee of SIAS and was the lecturer and the examiner for the SIAS investment analysis program. He has a BA in Economics and Sociology from the University of Singapore and an MBA from the University of New South Wales.

  • Course Duration

    15 Lecture Hours

  • Course Fees

    SGD 600