Core concepts

Value investing
• Valuation metric: PER, PBR
• Price vs quality (good stock vs good investment)
• Intrinsic value
• Investment Philosophy and Process
• Circle of Competence
• Valuation, Timing, Fundamentals
• Margin of Safety
• Value vs Growth
• Cigar butt analogy

Equity markets
• Equity market: place to raise fund
• Market capitalization
• Indicators (market PER, flows, technicals)
• Players (long-only funds, day-traders, hedge-funds, retail)
• Brokers (Poems, UOB Kay Hian, Goldman Sachs, Morgan Stanley)
• Mr Market & Lemmings
• Dream vs earnings progress
• Efficient Market Hypothesis
• Irrational exuberance, panic sell-off

Financial Statements
• Format of P/L statement
• Operating Profit (PL)
• COGS & SGA (PL)
• Net Profit (PL)

• Format of B/S statement
• Cash & cash equivalent(BS)
• Interest bearing debt (BS)
• Fixed Assets (BS)
• Marketable and investment securities (BS)

• Format of C/F statement
• Cashflow from operations (CF)
• Capex and Depreciation(CF)
• Cashflow from financing, investing (CF)

Stock/Industry analysis
• Stock analysis
• Earnings driver
• SWOT analysis
• Financial ratios
• Valuations
• Industry analysis
• Food chain
• Porter 5 forces
• Industry outlook, growth phase
• Secular trends
• Short term catalysts

Advanced tools
• Stock screens
• Financial models
• Due Diligence
• Scenario analysis
• DCF & DDM
• Diversification
• Technical analysis
• Online info sources & books

Contact:
Email: xtam.sg@gmail.com
In Singapore only