Awards
The 12th CAPITAL Outstanding Enterprise Award: “The Best Precious Metals Trading Platform”
| Acetop Precious Metals Limited has been named "The Best Precious Metals Trading Platform" at the 12th CAPITAL Outstanding Enterprise Awards on 13 March 2012. Everyone at Acetop Precious Metals Limited is extremely honored to have won this highly prestigious award by CAPITAL, the best-selling monthly business magazine in South East Asia and Mainland China. We would like to sincerely thank the judging panels for their approval and recognition. |
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The award ceremony took place at the Island Shangri-La Hotel in Hong Kong on 13 March 2012. Since 2001, CAPITAL hosts The Capital Outstanding Enterprise Awards with the aim to recognize businesses for their outstanding performance and achievements. At the award ceremony, there were 35 global and financially respected award-winning organizations, such as Sun Hung Kai Financial, Standard Chartered Bank (Hong Kong) Limited, Citibank, AIA MPG Schemes and DHL.
The CAPITAL Outstanding Enterprise Awards aims to commend Hong Kong Enterprises that have made outstanding achievements throughout the year and have made significant contributions to Hong Kong’s economic prosperity. Each award winner was strictly evaluated and selected by a judging panel composed of CAPITAL’s editorial team and leaders in the business sector, combined with an online publics vote. Only the best enterprise in each a specific business sector can be selected for an award with the evaluation criteria based on the following: Enterprise’s overall performance, marketing strategies, product’s innovation and development, social responsibility, environmentally friendly projects, staff training programs and customer service.
CAPITAL is South China Media’s flagship monthly business magazine. As an influential monthly business magazine in China, CAPITAL not only provides in-depth business and economic reports, it also provides the latest updates and stories of Hong Kong’s listed companies and large-scale enterprises. By gathering in-depth analysis and interviews in topics ranging from economics, business and the latest political developments, CAPITAL aims to provide its readers with the latest insights, professional financial analysis, alternative investment opportunities and the latest market trends.
Acetop Precious Metals Limited was specially invited to be interviewed by a correspondent from Hexun, the most comprehensive financial website in China. The correspondent conducted a live interview with our Registered Director Paul Cheung Chi-pok on his perspective on the current market trends.
Below is the excerpt from the interview:
Paul Cheung Chi-pok: Gold usually rebounds after every Chinese New Year. However, the room for rebounding this time appears to be limited. The demand for gold rises with every Chinese and Indian New Year, thus raising the price of gold, giving room for price adjustment later in the year. However, the present trend is showing that gold price will regain its track to rise within the coming four to five months. In the short run, though, gold price should rise again from its lowest point at USD1680. The price is forecasted to rise to around USD1740 in the short-run. It is also expected to fluctuate between USD1700 to USD1780 this week. In the long run, we still strongly think of gold as an investment asset. With the unemployment rate in Greece right now exceeding 20% and the European debt crisis still unresolved, there appears to be no other investment products or currencies worth investing in. This is the main reason we think gold prices will continue to rise.
Hexun:The gold price has been fluctuating a lot lately, with increasing volatility risk, do you think it is a good time to enter the market?
Paul Cheung Chi-pok: The fluctuations are mainly caused by the base effect after the price of gold runs up. Between 2011 and 2012, USD exchange rate has been declining gradually. However, the price of gold denominated against all other base currencies has not risen as dramatically, yet the price of gold has been new hitting historical highs. Choosing to enter the gold market now is definitely a good investment opportunity. From an investor’s perspective, suppose he buys gold at USD1650 when the price rises to USD1850, he will earn a USD200 profit with USD50 risk management cost. This risk reward ratio is very acceptable.
Hexun:As investing in gold has become more popular with individual investors, how do you view the competition between Precious Metals companies in Hong Kong?
Paul Cheung Chi-pok: Currently, Hong Kong is not a place to take advantage of price discrepancies, so the key to becoming an industry leader is with platform stability and the customer service quality. The Chinese Gold & Silver Exchange Society (CGSE) has a history of over 100 years. Many member companies have already developed maturely. However, knowledge and investment on the importance of IT investment is lagging. A lot of foreign investment companies spend 30%-40% of the company’s capital on technology investment to maintain the platform stability.
This award signifies the growing industry approval and recognition of Acetop’s Precious Metals Limited efforts as becoming an industry leader. In the future, our goals will be to ensure the best quality of our customer service. While we strive for perfection, our customers will be able to enjoy the fastest and most convenient platform to trade Loco London bullion today. Being a member of CGSE, we will make Hong Kong an international centre for investing in gold bullion.
