Reading Annual Reports, IPO Prospectuses & Financial Statement Analysis
Basic Level

To enable participants to reach company annual reports, IPO (Initial Public Offer) Prospectuses and financial statements. To develop a systematic approach to company analysis and to evaluate the company for the purpose of investing from a qualitative and quantitative perspective.

<< Go back to courses page

  • Course Synopsis

    ✓ An overview of fundamental analysis
    ✓ Economic, industry and company analysis
    ✓ What to look for in a company’s annual report
    ✓ The qualitative aspect, the industry, the business, the market
    ✓ Is it a good business? Would you do it?
    ✓ 12 criteria for a good business
    ✓ Warren Buffett’s typology of business
    ✓ Is the business a commodity business?
    ✓ Is the business a consumer monopoly?
    ✓ The quantitative aspect – Financial statement analysis
    ✓ The financial statements in an annual report
    ✓ The balance sheet, income statement and cash flow statements
    ✓ Financial ratios and analysis
    ✓ Three Methods for Share Valuation
    ✓ Income Method, Earning Method and Asset Method
    ✓ Dividend Yield, Price Earnings Ratio, Price to book
    ✓ Trend analysis and cross section analysis
    ✓ The industry average and the equivalent ratios for deciding “fair value”
    ✓ Theory and practice: Exercise on annual report of a company and IPO prospectus

  • 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

    A 2 day weekend seminar

  • Course Fees

    SGD 600