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SUNDAY, APRIL 17, 1988
A DECISION TO INVEST IN THE STOCK MARKET SHOULD NOT, THEREFORE, BE A CASUAL DECISION, HE SAID.
"THE POTENTIAL INVESTOR SHOULD ASSESS, FIRST AND FOREMOST, HIS FINANCIAL POSITION, HIS EXISTING AND FUTURE COMMITMENTS, HIS INCOME PATTERN AND CASH FLOW," HE SAID.
MR NENDICK ADDED THAT THE CHOICE OF THE STOCKS OR SHARES IN WHICH TO INVEST REQUIRED CAREFUL THOUGHT AND EVALUATION.
HE SAID THE DECISION SHOULD NOT BE DETERMINED BY MARKET RUMOURS OR BY THE "SHEER EBBS AND FLOWS OF THE MARKET TIDE".
"THE INVEstor SHOULD AIM TO OBTAIN ADEQUATE INFORMATION ON THE COMPANIES IN WHICH HE PLANS TO INVEST; TO DETERMINE WHETHER THEY ARE RELIABLE AND WELL-ESTABLISHED, THEIR PERFORMANCE RECORD, PROJECTIONS, NET ASSET VALUE AND HENCE THE EXISTING AND EXPECTED WORTH OF THEIR SHARES," HE SAID.
HE ADDED THAT BECAUSE
OVERALL RISK COULD BE REDUCED BY SPREADING THE RISK OVER A NUMBER OF UNCONNECTED INVESTMENTS, THERE WERE OFTEN ADVANTAGES IN MAKING A NUMBER OF MODEST PURCHASES OF DIFFERENT STOCKS AND SHARES RATHER THAN PUTTING ALL THE MONEY IN THE SHARES OF A SINGLE COMPANY.
TURNING TO THE WORK OF THE SECURITIES REVIEW COMMITTEE, WHICH WAS SET UP FOLLOWING EVENTS IN THE MARKETS LAST OCTOBER, MR NENDICK SAID THE COMMITTEE WAS HARD AT WORK AND AIMED TO SUBMIT A REPORT TO THE GOVERNMENT BY THE MIDDLE OF THIS YEAR.
"I BELIEVE ITS RECOMMENDATIONS WILL PROVIDE USEFUL GUIDANCE FOR FUTURE ACTION TO ENSURE THE INTEGRITY OF THE MARKETS AND TO PROTECT INVESTORS SO THAT HONG KONG CAN MAINTAIN ITS REPUTATION AND STANDING AS ONE OF THE MAJOR FINANCIAL CENTRES OF THE WORLD, HE SAID.
FEBRUARY ORDERS-ON-HAND, EMPLOYMENT, PAYROLL FIGURES RELEASED
IN
FEBRUARY 1988, THE AVERAGE VOLUME OF ORDERS-ON-HAND REPORTED BY THE 200 LARGEST FIRMS IN THE MANUFACTURING. SECTOR INCREASED SLIGHTLY OVER JANUARY 1988 BUT SHOWED A DECREASE WITH FEBRUARY 1987, ACCORDING TO THE RESULTS OF A SURVEY TODAY (SUNDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
COMPARED RELEASED
NUMBER OF MONTHS, REFERENCE MONTH.
THE AVERAGE VOLUME OF ORDERS-ON-HAND, MEASURED IN TERMS OF
REFERS ΤΟ THE POSITION AS AT THE END
THE
OF THE
/COMPARED WITH