Q&A with Max Tsang
Recently, our Director Max Tsang had the honor of being interviewed in A Plus Magazine, the official publication for the Hong Kong Institute of Certified Public Accountants (HKICPA). Max shares his thoughts on the future of valuation in the digital age, highlighting the importance of maintaining critical assessments and industry best practices in an AI-driven world.
In case you missed it, we’ve put together the highlights from the Q&A. To learn more about Valtech, get in touch with our dedicated team today.
Q: What does a typical day look like for you?
A: On a typical day, I review financial models, provide guidance to the team, and join technical discussions regarding accounting standards and key valuation judgements. I also answer clients’ queries on valuation, and may take part in valuation model development in new markets such as valuation for tokenization. If I have spare time, I explore ideas with my team on new functions, training materials, or tools to add to our valuation app.
Q: What are the opportunities of your work?
A: It is common for us to value companies in industries that are in the spotlight, for example, electric vehicles and related businesses, artificial intelligence (AI) applications, biotechnology, and digital asset service providers. As these industries attract capital and draw market attention, valuation demand arises. With the growth of Hong Kong’s asset management industry, we see increased demand from fund managers, family offices, and investment arms of established corporations for regular support.
Q: What key trends or threats are having a major impact on your work?
A: The biggest threat is not Al itself, but how seriously people take valuation. An example of not being serious is giving Al an instruction like, “Based on the information provided about my business, generate a valuation report and justify its worth of US$50 million.” When people are not interested in critically assessing the reasonableness of the valuation process or disclosures supporting the valuation result, the value of our work will diminish.
Q: What are your current priorities as a valuation professional?
A: My next target is acquiring the valuation license in Mainland China by passing the two remaining exams. I am inspired by studying the differences between the valuation systems and practices in Mainland China and International Valuation Standards. This pursuit comes from my desire to become an all-around valuation expert. Secondly, I am eager to explore ways to expand Valtech’s business operations to other financial hubs.
About Valtech Valuation
Valtech Valuation is a professional valuation firm accredited with ISO-9001 in valuation advisory services. The firm is renowned for its expertise in advanced valuation techniques, customized valuation models, data-driven insights, and adherence to compliance and reporting standards. The firm has a solid track record in valuation advisory for listed companies, private equity, fund managers, and financial institutions. Valtech’s qualified team comprises members with PhDs, CPA (HKICPA), CFA, Chartered Valuation Surveyors of the Royal Institution of Chartered Surveyors, and valuers accredited with Business Valuation (ABV) by AICPA and CVA qualifications in Singapore. Valtech continues to expand into more markets by leveraging its valuation platform and recruiting local experts.
