Narsee Monjee Institute of Management Studies Wins CFA Institute Research Challenge
Asia Pacific Final and Advances to Global Final
CFA Institute Promotes Ethical Financial Industry among the Next Generation
Through a Real-world Experience in Financial Analysis
Monday, February 25, 2013 – Narsee Monjee Institute of Management Studies from Mumbai, India has edged out 18 other student teams from the Asia Pacific region to win the CFA Institute Research Challenge Asia Pacific Final, making it the first Indian team to advance to the global final which will be held in London on 12 April 2013. CFA Institute Research Challenge is an annual educational initiative that promotes best practices in equity research through hands-on mentoring and intensive training in company analysis and presentation skills.
Held at the Kuala Lumpur Convention Centre from February 22 to 23, 19 student teams from 16 countries1 presented their analysis to a judging panel comprising experienced practicing professionals. Of the 19 student teams, four were shortlisted to present before an overall winner was determined.
The five students from Narsee Monjee Institute of Management Studies won with their "Sell" recommendation of HDFC Bank and each earned scholarships worth USD 10,000. The other three teams that presented at the final round were Tsinghua University (Beijing), Singapore Management University (Singapore) and Ateneo de Manila University
(The Philippines).
Paul Smith, CFA, Managing Director of Asia Pacific at CFA Institute, said, “We congratulate Narsee Monjee Institute of Management Studies for winning the CFA Institute Research Challenge Asia Pacific Final this year. This global competition provides students with valuable real-world experience in financial analysis and the opportunity to access corporate leaders and experienced analysts. The next generation of leaders in finance will be defined by the stewardship they exercise as fiduciaries and the responsibility they demonstrate. We hope the experience can improve their future career endeavors, and teach skills that build a stronger and more ethical financial industry. I look forward to their outstanding performances at the global final.”
On the win, team member Siddhant Anthony Johannes, 22, said, “It’s unbelievable! We have learnt so much from the CFA Institute Research Challenge experience. We really put in our best without any kind of expectations and the win makes all the hard work worth it.” Team Leader, Harris Karottumangalasseri Aliyar, 27, added, ““We are really excited to be going to London together as a team, and are looking forward to working even harder for the Global Final!”
Introduced in 2006, CFA Institute Research Challenge is considered as “the investment Olympics” for university students, with more than 10,000 students have participated. This year, more than 3,500 students and 775 universities worldwide participate in the local rounds of competition.
The 2013 CFA Institute Research Challenge - Asia Pacific Regional Final is supported by the following:
Kaplan Schweser (Regional Platinum Sponsor)
Fidelity (Evening Reception Sponsor and Exhibitor)
Stock exchanges and regulators including Hong Kong Exchanges & Clearings; Singapore Exchange; Bursa Malaysia; Colombo Stock Exchange; Securities and Exchange Commission of Sri Lanka; Securities and Exchange Commission Thailand; Indonesia Stock Exchange; and Philippines Stock Exchange
Volunteers and member societies of CFA Institute; and
The judging panel including Elizabeth Soon, CFA, Managing Director at PineBridge Investments Asia Limited; Mohammad Shoaib, CEO of Al Meezan Investment Management Limited; Vo-Sang Xuan Vinh, CFA, Co-Founder and Partner of Bluewave Advisory Co., Ltd.; and Kevin Gin, CFA, Director at Alpha Capital
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Appendix - 19 teams participated in the Asia Pacific Regional Final of CFA Institute Research Challenge 2013
Location
University
Company
Industry
1
Beijing
Tsinghua University
Tencent Holdings Limited
Internet
2
Hong Kong
The Hong Kong University of Science and Technology
Zoomlion Heavy Industry Science and Technology Co Ltd
Machinery - Construction & Mining
3
India
Indian Institute of Foreign Trade, Delhi
Cairn India
Oil & Gas
4
India
Narsee Monjee Institute of Management Studies, Mumbai
HDFC Bank
Bank
5
Indonesia
Universitas Indonesia
Jasa Marga
Commercial Services
6
Japan
Osaka University
Park24 Co., Ltd.
Commercial Services
7
Korea
Handong University
Hyundai Motor Co
Auto Manufacturers
8
Malaysia
University of Malaya
QL Resources Bhd
Agriculture - integrated livestock farming, marine products manufacturing and oil palm activities
9
Melbourne
Monash University
Computershare Ltd
Software solutions and professional services
10
New Zealand
Auckland University of Technology
Fletcher Building
Building Materials
11
Pakistan
Institute of Business Administration - Karachi
Fatima Fertilizer Company Limited
Chemicals
12
Philippines
Ateneo de Manila University
Puregold Price Club, Inc.
Retail-Hypermarkets
13
Shanghai
China Europe International Business School
New Oriental Education & Technology Group
Education
14
Singapore
Singapore Management University
OSIM International Limited
Household Products/Wares
15
Sri Lanka
University of Moratuwa
Colombo Dockyards
Shipbuilding
16
Sydney
University of Sydney
Blackmores Ltd
Pharmaceuticals
17
Taiwan
National Cheng Chi University
Gourmet Master Co Ltd
Retail-Restaurants
18
Thailand
Thammasat University
Indorama Ventures PCL
Chemicals
19
Vietnam
Banking University of Ho Chi Minh City
DHG Pharmaceutical JSC
Pharmaceuticals
About CFA Institute Research Challenge
The CFA Institute Research Challenge is a research competition for which students write an equity research report on a publicly traded company, and present their findings to an expert panel. Each team is formed by three to five students from the university. The teams are judged on their written reports and oral presentations and a winner is selected. Throughout the competition, leading investment professionals volunteer as mentors and judges and teach these students best practices in equity research and corporate analysis.
Local challenge events have already begun across the globe. Regional finals will be held in Kuala Lumpur, Malaysia, in February 2013; Toronto, Canada, in March 2013; and London, United Kingdom, in April 2013. The winners of regional finals will then progress to the global final, also to be held in London in April next year.
Visit the CFA Institute Research Challenge website for more information.
About CFA Institute
CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organisation is a champion for ethical behaviour in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors’ interests come first, markets function at their best, and economies grow. CFA Institute has more than 110,000 members worldwide, including 106,000 charterholders, and 138 member societies.
Follow CFA Institute on website www.cfainstitute.org; Facebook http://www.facebook.com/cfainstitute; Twitter twitter.com/cfaasia; and Sina Weibo weibo.com/cfainst
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