MARKETING EFFORTS at Phillip Securities Contracts For Difference (CFD) department are not slowing down along with equity bourses around the world, unlike many other investment-banking outfits.
Allowing punters to profit from falling stock prices may be why the number of CFD fans has increased steadily since its inception in Singapore by Phillip Securities 5 years ago.
At last Fri’s gala dinner celebrating CFD’s 5th year in Singapore, about 50 top CFD traders hobnobbed with top management from Phillip Securities and several listed companies.
These included:
(1) Mr Loh Hoon Sun, Phillip Securities’ managing director
(2) Mr Sean Lee, CEO of Marco Polo
(3) Mr Lim Han Boon, a director of Marco Polo
(4) Mr Chua Meng Hua, an executive director of Beng Kuang Marine
(5) Mr William Lim, Beng Kuang Marine’s Financial Controller
(6) Mr Vincent Lim, the managing director of BH Global
(7) Mr Elson Ng, CEO of GMG
Other than networking, guests were presented with the CFD team's view of the marine sector’s outlook.
"Demand for ship-repair is likely to remain strong, largely due to a huge increase in global fleet size after the past several years of shipbuilding boom," said CFD dealer Magdalene Choong.
Two marine companies focusing on ship-repair provided insights to their businesses: integrated ship-builder and tugs-and-barge charterer Marco Polo Marine, as well as corrosion prevention specialist Beng Kuang Marine.
Event photos by Sim Kih
For an intro to how CFD works, read: PHILLIP SECURITIES: CFD draws crowd in falling market
