Alvin M. Ho + FOLLOW Alvin M. Ho, CFA, is a managing director of a private investment vehicle, and vice-president and society secretary of CFA Society Hong Kong. He is board member of several listed companies, and also a member of the investment committee for AngelHub, Hong Kong's first SFC regulated investment platform. Show more Latest from Alvin M. Ho Neither the high P/E ratio of listing applicants nor the existence of ‘shell’ companies justifies a move that could shut many small-cap and start-up firms from a fundraising platform. Instead, the exchange should consider lowering or even removing the profit requirement.