Sell Side Analyst 係香港有冇前景?

227 回覆
15 Like 1 Dislike
2019-04-04 07:50:46
同埋呢個時勢呢
做research 唔好做equity
fixed income 先係真真正正學到點樣做fundamental analysis

而家d equity report 其實好撚on9
even gs 比我果堆equity research 我都係唔睇
equity involves 太多 sentimental factor 所以其實好難用fundamental 來做prop trade, 你長long 又食撚住個position limit 又係曬鳩氣
再加上ra 呢行本身已經大陸人當道
你第時equity research 咁 competitive 又冇connection 你點跳走

你fixed income research 都叫大機會少少轉去pe/ credit fund 玩
equity 果面真係太多人爭啦

agree, 我都係咁諗 但其他人話ficc既exit opportunity真係低啲
2019-04-04 08:05:23
比個建議你
90% 人係越做越細
if you start small
唔好有太大期望你跳得返咩大firm
當然, 你係果10%人中之龍既我就冇野講

我都知現實係咁

所以我就問 如果我真係想係依行發展 做equity/ficc research, 但又唔係大陸人, 又未夠班直入ibank, 大buy side firm更加唔洗諗,
咁我就要研究下practically嚟講有乜出路最好...

我見到market上都係中資同新加坡既公司有啲openings, 所以先想問下後者係唔係都算好啲既選擇, 就算轉番出ibank都機會大啲? 始終我真係定義唔到咩叫細行
2019-04-04 09:06:56
同埋呢個時勢呢
做research 唔好做equity
fixed income 先係真真正正學到點樣做fundamental analysis

而家d equity report 其實好撚on9
even gs 比我果堆equity research 我都係唔睇
equity involves 太多 sentimental factor 所以其實好難用fundamental 來做prop trade, 你長long 又食撚住個position limit 又係曬鳩氣
再加上ra 呢行本身已經大陸人當道
你第時equity research 咁 competitive 又冇connection 你點跳走

你fixed income research 都叫大機會少少轉去pe/ credit fund 玩
equity 果面真係太多人爭啦

2019-04-04 11:02:08
我以前大學有兩年幾ER placement經驗 但畢業都冇做ER 一黎regulatory愈來愈緊 見到未來research只會變成front office嘅cost centre 同時條街真係太多analyst 十個九個都大陸人 你去mgmt interview / investor day就知有啲大陸公司真係見你唔係大陸人就料都講少啲 仲未計有啲實業公司嘅mgmt普通話好撚重口音 我地香港人真係好難聽得明
結論係 作為一個training ground我覺得好好嘅 都有好出色嘅前輩(佢叫後生了 但都5年前入行)係呢行繼續做得好好 但過來人嘅我就覺得local而家投身的話前景唔太大啦
2019-04-04 11:11:17
同埋呢個時勢呢
做research 唔好做equity
fixed income 先係真真正正學到點樣做fundamental analysis

而家d equity report 其實好撚on9
even gs 比我果堆equity research 我都係唔睇
equity involves 太多 sentimental factor 所以其實好難用fundamental 來做prop trade, 你長long 又食撚住個position limit 又係曬鳩氣
再加上ra 呢行本身已經大陸人當道
你第時equity research 咁 competitive 又冇connection 你點跳走

你fixed income research 都叫大機會少少轉去pe/ credit fund 玩
equity 果面真係太多人爭啦

哈哈巴打你講野甘似我同事既LOL

完全認同equity involves 太多 sentimental factor 所以其實好難用fundamental 來做prop trade。亦都係點解我覺得唔想再係呢行曬時間,做既野無9意義,炒黎炒去,只係一大班人9UP黎9UP去。stock uptick 時就話Long term margin expansion,向下炒時就話short term margin miss.....diu...甘trade long term 定short term都係一時時....勁on9

無可否認equity research 巳經比太多大6人,BIG4大6人想跳入行,塞到爆晒,身為香港人,你一係迎合佢地,一係離地去外資regional APAC coverage...

同埋另一個事實係,當你start with細行,唔洗痴心妄想跳到入大行。
細行既定義係,宜家好多ex sell side traders/analysts OR big house PMs跳出黎,搵到條大老闆水喉,出黎自己開返檔AM,佢地一定比最UN既PAY你,因為係自己生意。
2019-04-04 11:14:26
我以前大學有兩年幾ER placement經驗 但畢業都冇做ER 一黎regulatory愈來愈緊 見到未來research只會變成front office嘅cost centre 同時條街真係太多analyst 十個九個都大陸人 你去mgmt interview / investor day就知有啲大陸公司真係見你唔係大陸人就料都講少啲 仲未計有啲實業公司嘅mgmt普通話好撚重口音 我地香港人真係好難聽得明
結論係 作為一個training ground我覺得好好嘅 都有好出色嘅前輩(佢叫後生了 但都5年前入行)係呢行繼續做得好好 但過來人嘅我就覺得local而家投身的話前景唔太大啦

research只會變成front office嘅cost centre ,唔洗未來啦,DBS research巳經搬左去太古,CITI research仲慘去牛頭角
2019-04-04 11:29:50
我以前大學有兩年幾ER placement經驗 但畢業都冇做ER 一黎regulatory愈來愈緊 見到未來research只會變成front office嘅cost centre 同時條街真係太多analyst 十個九個都大陸人 你去mgmt interview / investor day就知有啲大陸公司真係見你唔係大陸人就料都講少啲 仲未計有啲實業公司嘅mgmt普通話好撚重口音 我地香港人真係好難聽得明
結論係 作為一個training ground我覺得好好嘅 都有好出色嘅前輩(佢叫後生了 但都5年前入行)係呢行繼續做得好好 但過來人嘅我就覺得local而家投身的話前景唔太大啦

research只會變成front office嘅cost centre ,唔洗未來啦,DBS research巳經搬左去太古,CITI research仲慘去牛頭角

Haha one island east isnt that bad, berestein is there anyway and they r fine. but really feel sorry for the Citi guys...that is cost cutting too far.

will they become.a cost center? really depends on their strength. some of them are just hopeless, we cut a few global house for research. some are getting better...we pay them quite a bit actually.
2019-04-04 11:36:09
同埋呢個時勢呢
做research 唔好做equity
fixed income 先係真真正正學到點樣做fundamental analysis

而家d equity report 其實好撚on9
even gs 比我果堆equity research 我都係唔睇
equity involves 太多 sentimental factor 所以其實好難用fundamental 來做prop trade, 你長long 又食撚住個position limit 又係曬鳩氣
再加上ra 呢行本身已經大陸人當道
你第時equity research 咁 competitive 又冇connection 你點跳走

你fixed income research 都叫大機會少少轉去pe/ credit fund 玩
equity 果面真係太多人爭啦

哈哈巴打你講野甘似我同事既LOL

完全認同equity involves 太多 sentimental factor 所以其實好難用fundamental 來做prop trade。亦都係點解我覺得唔想再係呢行曬時間,做既野無9意義,炒黎炒去,只係一大班人9UP黎9UP去。stock uptick 時就話Long term margin expansion,向下炒時就話short term margin miss.....diu...甘trade long term 定short term都係一時時....勁on9

無可否認equity research 巳經比太多大6人,BIG4大6人想跳入行,塞到爆晒,身為香港人,你一係迎合佢地,一係離地去外資regional APAC coverage...

同埋另一個事實係,當你start with細行,唔洗痴心妄想跳到入大行。
細行既定義係,宜家好多ex sell side traders/analysts OR big house PMs跳出黎,搵到條大老闆水喉,出黎自己開返檔AM,佢地一定比最UN既PAY你,因為係自己生意。

well I cover regional so less affected.
the market is still very inefficient still quite a bit alpha u can extract. it is exactly the volatility which give us more chance to win.
we still have a long term investment horizon with annual turn over not even half...
2019-04-04 12:30:01
所謂大行sellside

唔排除小數係有料

但有唔少只係entertainment business

唔係年年點會咁多做小丑拎 II vote?

Sellside junior 至中級都真係有野學既

高級個d 只係學奶鞋底拎 vote

Skill set 唔transferrable
2019-04-04 12:39:12
同埋呢個時勢呢
做research 唔好做equity
fixed income 先係真真正正學到點樣做fundamental analysis

而家d equity report 其實好撚on9
even gs 比我果堆equity research 我都係唔睇
equity involves 太多 sentimental factor 所以其實好難用fundamental 來做prop trade, 你長long 又食撚住個position limit 又係曬鳩氣
再加上ra 呢行本身已經大陸人當道
你第時equity research 咁 competitive 又冇connection 你點跳走

你fixed income research 都叫大機會少少轉去pe/ credit fund 玩
equity 果面真係太多人爭啦

哈哈巴打你講野甘似我同事既LOL

完全認同equity involves 太多 sentimental factor 所以其實好難用fundamental 來做prop trade。亦都係點解我覺得唔想再係呢行曬時間,做既野無9意義,炒黎炒去,只係一大班人9UP黎9UP去。stock uptick 時就話Long term margin expansion,向下炒時就話short term margin miss.....diu...甘trade long term 定short term都係一時時....勁on9

無可否認equity research 巳經比太多大6人,BIG4大6人想跳入行,塞到爆晒,身為香港人,你一係迎合佢地,一係離地去外資regional APAC coverage...

同埋另一個事實係,當你start with細行,唔洗痴心妄想跳到入大行。
細行既定義係,宜家好多ex sell side traders/analysts OR big house PMs跳出黎,搵到條大老闆水喉,出黎自己開返檔AM,佢地一定比最UN既PAY你,因為係自己生意。

I see, 但個啲走出黎開AM個啲其實都係Buy Side啦應該?

Sell side細行係唔係指啲細證券行?
2019-04-04 12:41:04
我以前大學有兩年幾ER placement經驗 但畢業都冇做ER 一黎regulatory愈來愈緊 見到未來research只會變成front office嘅cost centre 同時條街真係太多analyst 十個九個都大陸人 你去mgmt interview / investor day就知有啲大陸公司真係見你唔係大陸人就料都講少啲 仲未計有啲實業公司嘅mgmt普通話好撚重口音 我地香港人真係好難聽得明
結論係 作為一個training ground我覺得好好嘅 都有好出色嘅前輩(佢叫後生了 但都5年前入行)係呢行繼續做得好好 但過來人嘅我就覺得local而家投身的話前景唔太大啦

research只會變成front office嘅cost centre ,唔洗未來啦,DBS research巳經搬左去太古,CITI research仲慘去牛頭角

Haha one island east isnt that bad, berestein is there anyway and they r fine. but really feel sorry for the Citi guys...that is cost cutting too far.

will they become.a cost center? really depends on their strength. some of them are just hopeless, we cut a few global house for research. some are getting better...we pay them quite a bit actually.

do u think the research guys will switch back to s&t finally if the market is becoming like this...
2019-04-04 12:47:41
Btw 蘿記今日又炒人
2019-04-04 13:04:42
所謂大行sellside

唔排除小數係有料

但有唔少只係entertainment business

唔係年年點會咁多做小丑拎 II vote?

Sellside junior 至中級都真係有野學既

高級個d 只係學奶鞋底拎 vote

Skill set 唔transferrable

其實咩post上到高位都係要同人social然後sell野架啦
2019-04-04 13:37:21
所謂大行sellside

唔排除小數係有料

但有唔少只係entertainment business

唔係年年點會咁多做小丑拎 II vote?

Sellside junior 至中級都真係有野學既

高級個d 只係學奶鞋底拎 vote

Skill set 唔transferrable

其實咩post上到高位都係要同人social然後sell野架啦

但sell 野去到做小丑上埋報紙

Ibank 其他部門唔多見
2019-04-04 15:18:05
所謂大行sellside

唔排除小數係有料

但有唔少只係entertainment business

唔係年年點會咁多做小丑拎 II vote?

Sellside junior 至中級都真係有野學既

高級個d 只係學奶鞋底拎 vote

Skill set 唔transferrable

其實咩post上到高位都係要同人social然後sell野架啦

但sell 野去到做小丑上埋報紙

Ibank 其他部門唔多見

巴打你講個單料應該係上年DAIWA跳BIG BANG果個ANALYST
其實佢都有D料既
報告幾百頁夠詳盡,ideas都有幾隻OK
不過無奈日資行點夠MS, CS拉票
都係諗點橋出黎博多幾張同情票,順手投多張比佢姐
2019-04-04 15:41:34
同埋呢個時勢呢
做research 唔好做equity
fixed income 先係真真正正學到點樣做fundamental analysis

而家d equity report 其實好撚on9
even gs 比我果堆equity research 我都係唔睇
equity involves 太多 sentimental factor 所以其實好難用fundamental 來做prop trade, 你長long 又食撚住個position limit 又係曬鳩氣
再加上ra 呢行本身已經大陸人當道
你第時equity research 咁 competitive 又冇connection 你點跳走

你fixed income research 都叫大機會少少轉去pe/ credit fund 玩
equity 果面真係太多人爭啦

哈哈巴打你講野甘似我同事既LOL

完全認同equity involves 太多 sentimental factor 所以其實好難用fundamental 來做prop trade。亦都係點解我覺得唔想再係呢行曬時間,做既野無9意義,炒黎炒去,只係一大班人9UP黎9UP去。stock uptick 時就話Long term margin expansion,向下炒時就話short term margin miss.....diu...甘trade long term 定short term都係一時時....勁on9

無可否認equity research 巳經比太多大6人,BIG4大6人想跳入行,塞到爆晒,身為香港人,你一係迎合佢地,一係離地去外資regional APAC coverage...

同埋另一個事實係,當你start with細行,唔洗痴心妄想跳到入大行。
細行既定義係,宜家好多ex sell side traders/analysts OR big house PMs跳出黎,搵到條大老闆水喉,出黎自己開返檔AM,佢地一定比最UN既PAY你,因為係自己生意。

well I cover regional so less affected.
the market is still very inefficient still quite a bit alpha u can extract. it is exactly the volatility which give us more chance to win.
we still have a long term investment horizon with annual turn over not even half...

yes I believe there is a chance to win even without manipulation. Do you or your team invest in fixed income securities? Do you agree that it is better for newcomers rather than equity?
2019-04-04 16:13:04
其實咩post上到高位都係要同人social然後sell野架啦

但sell 野去到做小丑上埋報紙

Ibank 其他部門唔多見

巴打你講個單料應該係上年DAIWA跳BIG BANG果個ANALYST
其實佢都有D料既
報告幾百頁夠詳盡,ideas都有幾隻OK
不過無奈日資行點夠MS, CS拉票
都係諗點橋出黎博多幾張同情票,順手投多張比佢姐

唔只佢

Tony Tsang 年代已經有呢D

再遠D 神華$100蚊目標價
2019-04-04 16:23:09
research只會變成front office嘅cost centre ,唔洗未來啦,DBS research巳經搬左去太古,CITI research仲慘去牛頭角

Haha one island east isnt that bad, berestein is there anyway and they r fine. but really feel sorry for the Citi guys...that is cost cutting too far.

will they become.a cost center? really depends on their strength. some of them are just hopeless, we cut a few global house for research. some are getting better...we pay them quite a bit actually.

do u think the research guys will switch back to s&t finally if the market is becoming like this...

prop trading? With the regulation now...forget it
2019-04-04 16:27:12
其實咩post上到高位都係要同人social然後sell野架啦

但sell 野去到做小丑上埋報紙

Ibank 其他部門唔多見

巴打你講個單料應該係上年DAIWA跳BIG BANG果個ANALYST
其實佢都有D料既
報告幾百頁夠詳盡,ideas都有幾隻OK
不過無奈日資行點夠MS, CS拉票
都係諗點橋出黎博多幾張同情票,順手投多張比佢姐

have u seen the video this year from a quite senior analyst from the bank which is moving to the dark side? don't wanna spell it out but come on everyone is just taking the piss really. buy side dont care from day 1, is really just helping fd out. sell side knows is meaningless esp after mifid.

ii is silly, aum weighted, if u dont have strong present in us Europe forget it
2019-04-04 16:29:08
哈哈巴打你講野甘似我同事既LOL

完全認同equity involves 太多 sentimental factor 所以其實好難用fundamental 來做prop trade。亦都係點解我覺得唔想再係呢行曬時間,做既野無9意義,炒黎炒去,只係一大班人9UP黎9UP去。stock uptick 時就話Long term margin expansion,向下炒時就話short term margin miss.....diu...甘trade long term 定short term都係一時時....勁on9

無可否認equity research 巳經比太多大6人,BIG4大6人想跳入行,塞到爆晒,身為香港人,你一係迎合佢地,一係離地去外資regional APAC coverage...

同埋另一個事實係,當你start with細行,唔洗痴心妄想跳到入大行。
細行既定義係,宜家好多ex sell side traders/analysts OR big house PMs跳出黎,搵到條大老闆水喉,出黎自己開返檔AM,佢地一定比最UN既PAY你,因為係自己生意。

well I cover regional so less affected.
the market is still very inefficient still quite a bit alpha u can extract. it is exactly the volatility which give us more chance to win.
we still have a long term investment horizon with annual turn over not even half...

yes I believe there is a chance to win even without manipulation. Do you or your team invest in fixed income securities? Do you agree that it is better for newcomers rather than equity?

my firm obviously yes

skill set is different hard to compare
2019-04-04 17:38:12
但sell 野去到做小丑上埋報紙

Ibank 其他部門唔多見

巴打你講個單料應該係上年DAIWA跳BIG BANG果個ANALYST
其實佢都有D料既
報告幾百頁夠詳盡,ideas都有幾隻OK
不過無奈日資行點夠MS, CS拉票
都係諗點橋出黎博多幾張同情票,順手投多張比佢姐

have u seen the video this year from a quite senior analyst from the bank which is moving to the dark side? don't wanna spell it out but come on everyone is just taking the piss really. buy side dont care from day 1, is really just helping fd out. sell side knows is meaningless esp after mifid.

ii is silly, aum weighted, if u dont have strong present in us Europe forget it

Haha can people stop calling Kowloon the dark side already 😂hkgov is kickstarting Kowloon east we should at leave give it a vote of confidence...
the bodybuilding guy no comments, at least he doesn’t make himself a big joke ...it’s quite well received in his circle...it’s all ii is about. Make some fun. Have a good laugh. Chit chat catch up. Gossip over drinks. Done you got yourself a ballot.
2019-04-04 18:38:22
巴打你講個單料應該係上年DAIWA跳BIG BANG果個ANALYST
其實佢都有D料既
報告幾百頁夠詳盡,ideas都有幾隻OK
不過無奈日資行點夠MS, CS拉票
都係諗點橋出黎博多幾張同情票,順手投多張比佢姐

have u seen the video this year from a quite senior analyst from the bank which is moving to the dark side? don't wanna spell it out but come on everyone is just taking the piss really. buy side dont care from day 1, is really just helping fd out. sell side knows is meaningless esp after mifid.

ii is silly, aum weighted, if u dont have strong present in us Europe forget it

Haha can people stop calling Kowloon the dark side already 😂hkgov is kickstarting Kowloon east we should at leave give it a vote of confidence...
the bodybuilding guy no comments, at least he doesn’t make himself a big joke ...it’s quite well received in his circle...it’s all ii is about. Make some fun. Have a good laugh. Chit chat catch up. Gossip over drinks. Done you got yourself a ballot.

well, even rosewood named the bar Dark side...and I really have no faith in the current regime. kowloon east is no marina bay or canary wharf, infrastructure is nowhere near...having said that swire has done a much better job in tai koo...that is another topic

to me ii is just like esg stuff. not completely useless but more like box ticking. is part of the game just live with it
2019-04-04 19:37:56
同埋呢個時勢呢
做research 唔好做equity
fixed income 先係真真正正學到點樣做fundamental analysis

而家d equity report 其實好撚on9
even gs 比我果堆equity research 我都係唔睇
equity involves 太多 sentimental factor 所以其實好難用fundamental 來做prop trade, 你長long 又食撚住個position limit 又係曬鳩氣
再加上ra 呢行本身已經大陸人當道
你第時equity research 咁 competitive 又冇connection 你點跳走

你fixed income research 都叫大機會少少轉去pe/ credit fund 玩
equity 果面真係太多人爭啦

哈哈巴打你講野甘似我同事既LOL

完全認同equity involves 太多 sentimental factor 所以其實好難用fundamental 來做prop trade。亦都係點解我覺得唔想再係呢行曬時間,做既野無9意義,炒黎炒去,只係一大班人9UP黎9UP去。stock uptick 時就話Long term margin expansion,向下炒時就話short term margin miss.....diu...甘trade long term 定short term都係一時時....勁on9

無可否認equity research 巳經比太多大6人,BIG4大6人想跳入行,塞到爆晒,身為香港人,你一係迎合佢地,一係離地去外資regional APAC coverage...

同埋另一個事實係,當你start with細行,唔洗痴心妄想跳到入大行。
細行既定義係,宜家好多ex sell side traders/analysts OR big house PMs跳出黎,搵到條大老闆水喉,出黎自己開返檔AM,佢地一定比最UN既PAY你,因為係自己生意。

I see, 但個啲走出黎開AM個啲其實都係Buy Side啦應該?

Sell side細行係唔係指啲細證券行?

有件事你一定要搞清楚先
even buyside 其實都只係一個fund raising race
所以你老細係一個sell side 出身既一d 都唔奇
你個strategy 其實只係一個product 去做marketing
2019-04-04 20:51:18
哈哈巴打你講野甘似我同事既LOL

完全認同equity involves 太多 sentimental factor 所以其實好難用fundamental 來做prop trade。亦都係點解我覺得唔想再係呢行曬時間,做既野無9意義,炒黎炒去,只係一大班人9UP黎9UP去。stock uptick 時就話Long term margin expansion,向下炒時就話short term margin miss.....diu...甘trade long term 定short term都係一時時....勁on9

無可否認equity research 巳經比太多大6人,BIG4大6人想跳入行,塞到爆晒,身為香港人,你一係迎合佢地,一係離地去外資regional APAC coverage...

同埋另一個事實係,當你start with細行,唔洗痴心妄想跳到入大行。
細行既定義係,宜家好多ex sell side traders/analysts OR big house PMs跳出黎,搵到條大老闆水喉,出黎自己開返檔AM,佢地一定比最UN既PAY你,因為係自己生意。

I see, 但個啲走出黎開AM個啲其實都係Buy Side啦應該?

Sell side細行係唔係指啲細證券行?

有件事你一定要搞清楚先
even buyside 其實都只係一個fund raising race
所以你老細係一個sell side 出身既一d 都唔奇
你個strategy 其實只係一個product 去做marketing

I see 咁我明
我見好多證券行請research analyst, 好似咩華泰 中信 國泰君安依啲 全部都過千億市值 依啲入到既話應該都唔算細行?
2019-04-04 21:13:09
我以前大學有兩年幾ER placement經驗 但畢業都冇做ER 一黎regulatory愈來愈緊 見到未來research只會變成front office嘅cost centre 同時條街真係太多analyst 十個九個都大陸人 你去mgmt interview / investor day就知有啲大陸公司真係見你唔係大陸人就料都講少啲 仲未計有啲實業公司嘅mgmt普通話好撚重口音 我地香港人真係好難聽得明
結論係 作為一個training ground我覺得好好嘅 都有好出色嘅前輩(佢叫後生了 但都5年前入行)係呢行繼續做得好好 但過來人嘅我就覺得local而家投身的話前景唔太大啦

research只會變成front office嘅cost centre ,唔洗未來啦,DBS research巳經搬左去太古,CITI research仲慘去牛頭角

唔撚係呀!research FO 都要去呢D 工業區返工
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