The HKBU winning team is delighted to win the CFA Institute Research Challenge with the team adviser Mr Samuel Lee (back row, left), Research Director of Yuanta Securities (Hong Kong), and the team coach Dr Alexander Fung (back row, right), Senior Lecturer of the Department of Finance and Decision Sciences, School of Business


浸大代表隊喜奪CFA協會投資分析比賽冠軍,旁為代表隊專家顧問元大證劵(香港)研究主任李思維先生(後排左)與指導老師工商管理學院財務及決策學系高級講師馮國華博士(後排右)

Date: 14 Mar 2017 (Tuesday)

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HKBU student delegation triumphs in CFA Institute Research Challenge

浸大學生代表隊勇奪投資分析比賽冠軍

A team of five students, comprising Yosa Li (Finance, Year 4), Tiffany Fan (Accounting, Year 4), Jeffery Zhang (Statistics and Operations Research, Year 4), Daisy Shang (Accounting, Year 4) and Edward Liu (Applied Economics, Year 3), recently triumphed over 10 teams and won the championship for their brilliant financial analytical skills in the Hong Kong local final of the CFA Institute Research Challenge 2016-17 organised by the Hong Kong Society of Financial Analysts. The winning team will advance to compete against other champion teams in Asia at the regional level in Bangkok in mid-March.

This year, teams of participants from 11 local universities were required to conduct research and prepare a report on Nine Dragons Paper (Holdings) Limited. The HKBU team which was one of the five participating teams with the highest scores in the written report was shortlisted to enter the final round to present their investment research to the panel of judges to compete for the champion title.
   
The HKBU team adopted various primary research studies in stock valuation in order to get first-hand information for their analysis. They approached the subject company’s competitor, customers and regulators from the Government and learnt about the market impression about the stock and thus made corresponding recommendations. In addition, the team applied statistical tools to find the relationship between paper industries in the US and the Chinese mainland so as to strengthen their argument.

The CFA Institute Research Challenge is world-class educational competition that offers a simulated setting with hands-on experience for participants to act as real-world research analysts. Contestants are required to conduct research and prepare a report on a designated publicly traded company and present their findings to the panel of judges. During the competition, advisers with professional investment experience provide guidance to the contestants on their research and presentation skills.

浸大五位學生組成代表隊參加由香港財經分析師學會舉辦的「CFA協會投資分析比賽2016-17」,憑著他們的精湛投資分析技巧,成功擊敗10支參賽隊伍,贏得香港站比賽冠軍。五位得獎同學李雨珊(財務學四年級)、范一萱(會計學四年級)、張家誠(統計及運籌學四年級)、尚鈺(會計學四年級)和廖澤基(應用經濟學三年級)將以冠軍隊伍身份於三月中旬赴泰國,與其他亞洲區的冠軍隊伍爭奪區際冠軍寶座。

比賽今年吸引了11間本地大專院校的代表隊參加,參賽隊伍須以玖龍紙業有限公司作為分析案例。浸大代表隊於撰寫案例報告方面表現出色,成為最高分數的最後五強,獲選進入最終回合向評判團發表他們的投資分析報告。

浸大隊伍希望以第一手資訊為案例作深入分析,因此在股票估價上選用了不少重要的研究資料。他們亦主動聯絡玖龍紙業的市場競爭者、客戶及相關的政府監管機構,從中了解市場對其股票的態度,從而提出實質建議。代表隊並運用了統計工具以了解美國與中國紙業兩者之間的關係,藉此強化他們的分析理據。

CFA協會投資分析比賽旨在培育大學生的專業投資分析能力。參賽隊伍須為一間特定的上市公司進行研究和撰寫報告,並向評審委員會報告分析結果。比賽期間,參賽隊伍會得到投資專家的指導,以掌握投資研究和演說技巧。