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Acknowledgements I am very fortunate to have received extensive feedbacks, suggestions and encouragements from friends, colleagues and clients during my writing of this second edition. I acknowledge the permission by the five corporations, of which the financial statements were extracted and reproduced in this second edition. My sincere thanks go to The Chinese University of Hong Kong, for the continued trusts and supports on me in developing a certificate programme based on this book. My sincere appreciation also goes to my editor, Mr. Brian Yu at The Chinese University Press, for his editing skill and tireless hours to make this second edition a reality. I am also thankful to my forensic analyst, Ms. Angela Chong, for her assistance in technical updates, editorial changes and graphic illustrations. Obviously, my acknowledgements in the first edition are still relevant and are shown below: “Completing three titles along with developing a professional practice in six years, among other things in life, have been a great challenge to me . . . which, I hope, will turn into a distinguished achievement through the success of Financial Analysis in Hong Kong. “I am grateful to many persons who helped me in various ways and would like to thank one of my students at The Chinese University of Hong Kong, Ms. Brenda Chan who is a certified public accountant and a chartered secretary, for diligently researching with me during the preparation of this book. Special thanks go to Ms. Shirley Cheung, an analyst, for inspiring me with ideas and typing my drafts so patiently and enthusiastically every step of the way. “I am also indebted to every annual report I have read, every general meeting I have attended, every CEO or analyst I have talked xii Acknowledgements with, the fifteen professional bodies I have qualified with and the nine listed corporations I have made reference to.” Benny K. B. Kwok July 2013 ...

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