Raptor
2019-4-3 09:52:11
do what sin...
working as a tea lady and cover analyst is totally different even they r in the same team
credit is more Quant. well asset pool is larger but fee is much lower
Raptor
2019-4-3 09:57:16
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under mifid 2 execution and research are separated...in fact it has been separated for a long time for many big buy sides. commission is nothing anyway we care about how much we move the market more I.e. implicit cost
anyway small firms have better coverage in small mid cap...that's the key.
FaceID
2019-4-3 10:40:04
corporate sales/consultant for financial product, but not life insurance agent
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I see, then I will consider changing to equity few yrs later if have chances
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FaceID
2019-4-3 10:41:52
I see, do u think ficc buy side firms only focus on fee while making decision, not services or what research we can provide?
Raptor
2019-4-3 14:28:43
same here but not that boring....
having said that I just came back from pure
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Raptor
2019-4-3 14:34:00
PM makes decision, under mifid 2 we pay for research separately on our p&l
dealer does the execution, which broker to use is at dealer discretion to get best execution
Raptor
2019-4-3 15:57:26
my boss is damn good...very long term focus! we added quite a bit of risk in q4 doubled down in many names and had a very lovely q1 lol
anyway westerners think and trade quite differently to mainlander
hate going to group meeting with brunch of Chinese fund houses ppl...too short term focus
Pureheart
2019-4-3 16:22:03
yes...they drill down to questions that are inappropriate to ask to the point that i almost want to tell them to shut up...
it's very pathetic that those mainland company mgmt, sell side analysts, most buy side peers just naturally converse in their mother tongue
and you are coerced to switch to big 6 mode in NDRs, conf calls
X總,咱們今年這個業績十分亮眼,可以跟咱們分享一下公司未來在XX的布局情況怎麼樣了? 咱們會有XX的計劃嗎? 咱們咱們到想拍死佢地
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FaceID
2019-4-3 17:47:21
sounds cool, what is your working hours? buy side seems to be everyone sell side analyst ultimate goal lol..
Raptor
2019-4-3 17:48:07
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luckily I have regional coverage don't need to deal with them all the time. time to time mgmt just give u full of bull shit guidance then come up with a big disappointment let alone all the share pledge shit which they refuse to answer in ndr. with this kind of mgmt quality and local funds trading behaviour hard to imagine foreign money will come into A share a big time
FaceID
2019-4-3 17:51:59
oh...but can u get paid well enough? do ur peers get paid over a million hkd annually is considered normal?
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coz I think if u have a well paid jobs which u satisfy till u retire, it's not bad to be able to hea and chill har
其實而家offer雖然係外資公司 但肯定唔係1st/2nd tier...成team analyst計得3~5個, 唔洗諗會唔會有star analyst...