Insider Business CFA Research Challenge focuses on Vassiliko Cement Ltd

CFA Research Challenge focuses on Vassiliko Cement Ltd

Finance students from six Cypriot academic institutions will analyse the business model of Vassiliko Cement Works in this year’s CFA Research Challenge. The competition is organised by the CFA Society Cyprus for the sixth year in a row.

As part of the competition, teams of three to five people are called to analyse the business model and share structure of a Cypriot company, in the same way professional financial analysts would approach such an endeavour. This year, and specifically on February, 21, 2020, the teams will be invited to present the results of their research on the business model of the Cypriot public company Vassiliko Cement Works, to CFA Charterholders and other finance professionals.

The teams have already taken part in two workshops on company presentations by board members of the CFA Society Cyprus, while another workshop will take place in early February. Moreover, on November 26, Vassiliko Cement Works staff welcomed undergraduate and postgraduate students taking part in the competition at the company’s premises, where they attended a presentation on the company’s profile.

Vassiliko Cement Works was founded in 1963, while the company’s plant became fully operational in 1967. Recognising the benefits of being near the sea, the company built Vassiliko Port in 1983, which has been continuously operating since then, providing the company with the opportunity to better serve its international clientele as well as facilitate the importation of raw materials. The company has been listed on the Cyprus Stock Exchange since 1996. In 2011, Vassiliko Cement Works made a very large investment with the installation of a new state-of-the-art clinker plant that follows the new European Standards. The production plant has been further upgraded with new investments in the past few years, with a primary focus on environmental performance.

Finance students from the Cyprus International Institute of Management (CIIM), European University, Frederick University, UCLAN Cyprus, University of Cyprus and University of Nicosia take part in this year’s local competition. The winning team of the Cyprus competition will participate in the EMEA Research Regional Challenge in Jordan on April 1-2 2020, with a view to representing  Cyprus in the World Final in New York on April 20-22, 2020.

In his statement, the President of CFA Society Cyprus, Panayiotis Mavromichalis, thanked Vassiliko Cement Works for their participation and pointed out that the CFA Research Challenge competition is being organised for the sixth consecutive year, giving finance students the opportunity to become acquainted with the financial analyst profession, under the guidance of financial industry experts. “Students participating in this competition can enhance their Curriculum Vitae (CV) as they are given an opportunity to analyse a company under real-market conditions.”

Top Stories

32 more test positive to Covid-19, total now 526

Another 32 people tested positive for coronavirus the Health Ministry said on Wednesday, up on yesterday’s levels (29). This brings the total number of confirmed...

Paphos cheered by high number of negative Covid-19 results

Paphos residents have been cheered by the results of coronavirus testing among the community which showed only four positive cases from a total sample...

Uk Cypriots account for 2% of Covid-19 deaths, only 0.7% of UK population

The National Federation of Cypriots in the UK have expressed concern at the heavy toll the coronavirus pandemic is taking on the British Cypriot...

Two weeks in, Britain’s COVID-19 lockdown having an effect, study shows

Data gathered from 2 million people in Britain using a new COVID-19 symptom tracker app suggests lockdown measures are slowing the spread of the...

President to announce cabinet’s Covid-19 decisions at 7 pm

President Nicos Anastasiades will this evening announce the decisions taken by cabinet on the coronvirus pandemic, widely anticipated to include the extension of the...

Taste

Stuffed vine leaves without meat

(Dolmadakia gialantzi) Rinse the leaves and boil in salted water for approximately 10 minutes until soft. Drain and place in some cold water with ice...

Snails with tomato sauce

When the snails are ready, drain them. Fry the onions in the oil and once slightly brown, add the tomatoes. Stir until cooked well...

Sea bream with capers

Clean the sea bream well, add salt and pepper to them and brush them with olive oil. Mix the capers and parsley together as...

Halloumi bread

Sift the flour with the salt into a bowl and mix in the yeast and lemon rind. Make a well in the centre of...