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CFA SINGAPORE INSIGHTS

Independence and objectivity

Beyond a point, "benefits" offered to analysts amount to bribes

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Analysts tend to give a positive opinion on stocks that are overvalued (hence, according to the objective metric, they should be sold), and a negative opinion on stocks that are undervalued (hence, according to the objective metric, they should be bought).

THE Hong Kong street protests are entering their sixth month. Although the extradition Bill was formally withdrawn on Sept 4, thousands of protestors are still taking to the streets. The ongoing protests have had consequences on many facets of daily life and business in the Chinese territory....

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