HONG KONG SAR – Media OutReach – 24 September 2021 – Finetic, a Hong Kong-based intelligent
stock selection and investment education platform has developed its own AI-assisted investment
analysis system, which provides weekly picks of quality stocks in major global
markets, including Hong Kong, China and
the U.S.. The selection is made by machine-learning analysis of the most
up-to-date data of about 2,500 listed companies in Hong Kong, in conjunction
with technical analysis as well as review of a unique combination of the
factors affecting company stock performance.
HO Man Ho, Percival, Founder and CEO of Finetic
Finetic’s automatic selection process helps
users avoid emotional decision-making and speed up the investment research
process contributing to a more profitable outcome in stock investment. Given
the unpredictability of the stock market, it takes a long time for individual
investors to develop and practice investment skills. Finetic is also offering
educational tools and guidance that can simplify the learning curve and further
increase the return on investment.
Relaunch
of Enhanced System and Algorithm
Mr. Ho
Man-ho, Percival, Founder of Finetic and an
experienced investor, created a stock analysis program known as Percival Core
(the “system”) in 2005. The system collected, analysed and quantified basic and
technical (price/volume) data of all Hong Kong stocks. The outcome of the
process is a selection of “high-growth stocks”, which have a strong foundation
and technical characteristics (high potential in substantial price surges). The
system has recently been improved with AI components allowing for analysis of
even more data and correlations as well as self-learning for better investment
outcomes. Apart from data analysis, the improvements allow pattern recognition
(including cup and handle, double-bottom, and bottom flat patterns), giving
references to users for research and execution of precise investment
strategies.
Percival said that thanks to the system, he
has been able to maintain his capital strength for stock investment over the
past 16 years, and managed to avoid the impacts of the 2008 financial crisis.
In view of Percival Core’s performance, from 2018 onwards, Percival started
licensing the system-generated stock selection results then known as Amelia and
Swing to third party distributors. In early 2021, Percival stopped licensing
the results to third parties due to differences over cooperation terms.
However, many users still wanted the stock selection results. In response to
popular demand, Percival founded Finetic Ltd., a new intelligent stock
selection platform through which the Percival Core system was relaunched into
the market in May 2021. Apart from technical design and user experience
enhancements, an investor education component directly supervised by Percival
has been added to better facilitate users to make profits from investing in
quality and profitable stocks.
Finetic Chief of Staff Virginia Chan said “The Sunday Club webinars hosted by
Percival on the platform are well received by our members. At the events,
members can acquire stock investment basics from Percival’s experience sharing
and insights. Participants can also have their investment-related questions
addressed.”
Enhanced
Functions to Optimise Stock Selection Precision
Finetic has further upgraded the system by
introducing a “Reinforcement Learning” algorithm – creating a complex
environment for the AI system to nurture its self-learning capability in the
volatile stock market. Percival has also equipped Finetic with a ‘supercomputer’
(data science workstation) costing over US$25,000 to train the AI system to
better perform stock selection. The “Reinforcement Learning” algorithm has the
capability of outsmarting its designer and ideation.
By receiving AI-recognised ‘rewards’ whenever
Percival Core identifies good stocks, the AI learns from its actions. Through
simulated transactions and a track record of stock picks that go through a
price surge, the system begins to self-learn and discover the requisite
parameters of stocks with explosive growth potential.
Finetic is currently applying this advanced
technology to the research of stock buy and sell points and is near the final
testing phase. Once finalized, Percival Core will be able to find stocks with
growth potential as well as their best buy and sell points, which will
significantly increase the chance of positive investment returns. Successful
deployment of this technology will also provide Finetic with more favorable
conditions and advantages to develop in the B2B market.
In November, Finetic will participate in
Fintech Week 2021, which is co-organised by the Hong Kong Financial Services
and the Treasury Bureau and InvestHK. At the exhibition, Finetic will showcase
a range of products and services, along with the artificial intelligence
pattern recognition technology. That will be an occasion for finance
professionals and the investing public to learn more about Finetic’s
technologies and business development.
Looking
to Enter the International Market
The Percival Core engine has seen continuous
improvements since 2005, weathering numerous market shocks including the 2008
financial crisis and COVID-19. Finetic is proud to develop in the well
regulated and organised financial sector of Hong Kong, and is eager to take its
experience forward to service other international markets.
“Finetic has a complete and effective
stock selection system catering for the Hong Kong, China A-Share and U.S. stock
markets. Its offerings include a complete list of quality stock selections, market
analysis and investor tools. In the future, it is planning to further expand
its offerings and global audience. Stock selection services for different
countries/regions such as Taiwan, Singapore, and the United Kingdom will be
launched subsequently in short succession.”
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