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Hong Kong CFO Throws Analyst out of Earnings Briefing

PAX Global finance chief ejected analyst with bearish call on the company.

By Kana Nishizawa, Bloomberg | Updated on August 11, 2016

An earnings briefing in Hong Kong turned heated when the chief financial officer refused to continue with his presentation until an analyst from Macquarie Group Ltd. left the room.

In a video obtained by Bloomberg News, PAX Global Technology Ltd. CFO Chris Lee can be seen standing over a seated Timothy Lam and ordering him to leave the conference room on Wednesday. Lam initiated coverage on PAX Global’s stock in April with an underweight rating, making him the only analyst out of 17 tracked by Bloomberg to have a bearish recommendation at the time. On Thursday, Lee said he regretted his behavior, calling it a “one-off” that didn’t reflect the management’s position and saying he welcomes “diverse points of view,” according to an e-mailed statement.

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