In collaboration with Quam In collaboration with Quam GroupGroup

School code : 102

CEF Course Code : 23C03326-5

Admission PolicyAdmission PolicyThis programme is open to everyone. However, applicants are advised that they may find the course difficult if they do not have a recognized degree or a diploma.

Medium of InstructionMedium of InstructionCantonese supplemented with English ( Course materials are in English ).

Programme Features Programme Features • Currently the only course available in the market

that provides both classroom sessions and financial research tools via an online platform, Quamnet.com

• Course includes online financial research services and tools provided by Quamnet.com

• Taught by experienced financial experts drawn from Quam Group (3 lessons) and other finance professionals appointed by LiPACE, OUHK (7 lessons)

• A “Certificate of Completion” will be issued by LiPACE to those who have successfully passed all the course assessments and have at least 70% attendance

Objectives Objectives

• Acquire a good foundation of fundamental analysis in investments

• Understand the insightful implications from conducting an in-depth financial ratio analysis

• Acquire solid and practical knowledge and skills in valuing securities

Course Outline Course Outline • Fundamental analysis (6 hours)

• Financial ratio analysis (9 hours)

• Securities valuation (9 hours)

• Investment strategies (6 hours)

Assessment Assessment There is only continuous assessment for this course. It can be in the form of assignment, case study, simulation game, quiz, etc.

Course FeeCourse FeeHK $4,980 ( A maximum of 80% course fee is reimbursable under CEF)

Plus a HK$1,000 reimbursement from Quam for students who complete the course and subscribe to a 12-month Quam Financial Advisory service. Terms and conditions apply.

Mr. Ricky Chung, CFPCM, CFA, MHKSI (Email: rchung@ouhk.edu.hk )

Course Coordinator:

Application ProcedureApplication ProcedurePlease send the following in person or by mail to LiPACE:

• A completed Enrollment Form obtainable from LiPACE website or admission office, and

• A cross cheque payable to “The Open University of Hong Kong”. Commencement DateCommencement Date

7 March 2005 (Tuesday)

(6:45pm – 9:45pm)

DurationDuration30 Hours (10 lessons)

Value Investing: Value Investing: Theories and Theories and PracticesPractices價值投資法：理論與實踐價值投資法：理論與實踐

你 的 終 身 學 習 伙 伴

Your lifelong learning partner

Register for March 200

6 Intake NOWCourse begins

March 7, 2005 (Tuesday)

EnquiresEnquiresTel: 3120 9988 Fax: 2381 8456 Email: lipace@ouhk.edu.hk Website: www.ouhk.edu.hk/lipace

Address: 4/F, Shun Tak Centre, 168 Connaught Road Central, Hong Kong.

Counter Service Hours: 9:00am – 8:00pm (Mon-Fri); 9:30am – 5:00pm (Sat)

See what students from previous intakes said:See what students from previous intakes said:

Mr. Lam is the Director and fund manger of Quam Asset Management. He has a track record in managing a number of funds and portfolios with an overwhelming performance:•The “Quam Equity Growth Fund” under his management achieved a growth of over 71% of its NAV since the fund launched in July 2002.•Small-cap Portfolio, Small-cap Portfolio 2001 and Real Money Portfolio 2002 beat the Hang Seng Index by 80%, 49%, 38% after launching in Dec 1999, Jan 2001 and Nov 2001, respectively and yielded absolute returns of 45%, 15%, 17%.

Besides, Mr. Lam heads up management for two funds namely “Quam Value Fund” and “Quam Greater China Fund”, tapping regional investment opportunities.

Guest Speakers from Quam GroupGuest Speakers from Quam Group

Mr. Chan is the Head of Research and leads the Quam Research team specializing in the analysis of Hong Kong stock market and listed companies.

Mr. Chan graduated from Queen's University in Canada with a bachelor and a master degree. He is the Head of Research at Quam (I.A.) Limited. Since 2001, Mr. Chan has been writing a column “Value Investment” on the widely acclaimed Hong Kong Economic Journal. He also contributes an investment column to the South China Morning Post, and appears on TVB, ATV, Benchmark Magazine, Quam Securities and Midland Wealth Management from time to time.

Mr. Vincent LAM Siu Yeung Mr. Vincent LAM Siu Yeung 林少陽先生 ((Director of Quam Asset Management)

Mr. Henry CHAN Chi Sheung Mr. Henry CHAN Chi Sheung 陳亨利先生 ((Head of Research, Quam (I.A.) Ltd.)

200508

VenueVenueILC or other venue. ( ILC : Island Learning Centre, 4/F, Shun Tak Centre, 168 Connaught Road Central, Hong Kong.

“I like the practical aspect and the exercises were useful in putting what has been learnt together.”

- Mr. Adrian Wong

“The course let me know how to evaluate the true value of the stock and why I buy this stock.”

- Mr. W.M. Mok

“I like the security valuation, because the topics are interesting and practical.”

- Mr. H.D. Ho

“I like the section of the analysis of annual report; the teacher provides his precious experience on how to focus on the key point. And the other section that I like most is how to calculate the value stocks from the view of a professional investor.”

- Mr. Joseph Wu

“I will recommend my friends to take this course, I am not a B.A. graduate, and lack of knowledge to select a stock. The course really gives me a lot of background knowledge to choose a good stock.”

- Ms M. Wong

“Lecturer provides a very good and practical hints on the use of information & researches reports from various sources. I will recommend this course to my friends because value investing is useful, meaningful, and important.”

- Mr. Martin Leung

“I like the first part of the P&L and the cash flow, accounting theories; together with the growth stocks plus the value stocks analysis, risk analysis and the portfolio management.”

- Mr. S.H. Chan