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|  A workshop titled “Financial Crisis:
Shareholders Preserving and Enhancing Themselves” was jointly hosted by
BMI Appraisals Limited and SHINEWING (HK) CPA Limited on 8 January 2009.
Attended by more than 20 financial reporters, editors and writers from
local media, the workshop featured an overview of prevalent financial
derivatives (including equity-linked investments (ELI),
accumulators/decumulators, foreign currency swaps, collateralized debt
obligations (CDO), mortgage-backed securities (MBS), and the like) and
some essentials of valuing them. It also covered how shareholders
analyze a company’s liquidity, profitability, efficiency, solvency and
market performance. You can browse the following link for a related
article:
http://www.hkdailynews.com.hk/finance.php?id=21170
 As a result of the current financial tsunami,
several listed companies have suffered from substantial losses by
investing in various financial derivatives for hedging or investment
purposes. It has become increasingly important for the company
management who has invested/intends to invest in the financial
derivatives to be more aware of the potential risks associated with the
investments.
Our company director, Mr. Marco Sze, was honoured to
be one of the speakers in the workshop to give a presentation on the
topic of “Valuations of Financial Instruments (Derivatives)”, sharing
insights into how the various financial derivatives work and the
commonly used valuation methodologies on them. In addition, he pointed
out during the Q&A section that while China’s accounting standards
had fully been converged with the international accounting standards
since 1 January 2007, less than 20% of listed companies in China
(A-share companies), when preparing their annual reports for fiscal year
2007, adopted the fair value accounting for their investments in
financial derivatives.
Another speaker, Mr. Roy Lo from SHINEWING
(HK) CPA Limited, shared his expertise of how to analyze a company’s
financial statements, in particular, looking into realization of future
profitability, the quality of assets, the future cash flows and
non-financial disclosure of the company, with the audience.
If
you want to know more about valuations of financial derivatives, how to
better manage the risks associated with your current/future investments
in financial derivatives or just simply want to know more about us,
please feel free to contact our Director Dr. Tony Cheng at (852) 2593
9633 or Mr. Marco Sze at (852) 2593 9630. You can also visit our website
http://www.bmi-appraisals.com for more details.
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