Insider Business University of Nicosia team wins this year’s CFA Research Challenge

University of Nicosia team wins this year’s CFA Research Challenge

The University of Nicosia’s team was the winner of the local CFA Research Challenge 2020 competition, organised for the sixth consecutive year by the CFA Society of Cyprus.

The competition took place at the Filoxenia Conference Centre on February 21 and attracted student teams from Cyprus International Institute of Management (CIIM), European University Cyprus, UCLAN Cyprus, University of Cyprus and University of Nicosia.

This year, the participating teams were required to analyse the share of CSE-listed Cypriot company Vassiliko Cement Works Public Ltd. and present their investment evaluation and proposal to CFA charterholders and other professionals of the financial sector.

More specifically, each team consisting of three to five students had to present its analysis in front of a group of panel judges, within a specific timeframe and respond to questions in real time, replicating a typical investment committee meeting.

The presentation accounted for 50% of the final score, while the other 50% came from the 10-page financial report containing an assessment of the company’s value, submitted by each team earlier. It is worth noting that throughout the year, the teams were offered training by members of CFA Society Cyprus through targeted workshops, on company analysis and equity valuation techniques, as well as on how to present an investment proposal.

CFA Society Cyprus President Panayiotis Mavromichalis, emphasised in his statement, the remarkable experience the competition offers to Finance students, as it provides them with the opportunity to experience as real financial analysts, the world of business, through a comprehensive study of a company’s business model and share price. The award was presented by the General Manager of Vassiliko Cement Works, George Savva.

The winning team will travel to Jordan on April 1-2, where it will represent Cyprus in the regional competition for Europe, the Middle East and Africa (EMEA). The finalist of the EMEA competition will then participate in the CFA Research Challenge Global Final, which will take place in New York on April 20-22.

More than 6,100 students from over 1,000 Universities in 95 countries worldwide participate in the CFA Research Challenge. The sponsor of the Cypriot competition was XM Group.

Top Stories

Woman with Covid-19 gives birth to healthy baby (updated)

A woman who has tested positive for coronavirus gave birth at Nicosia's Makarios Hospital on Tuesday to a healthy baby. The baby was delivered by...

One dies, 32 test positive for coronavirus

One more person has died, a man aged 83 years, and another 32 people have tested positive for coronavirus, the Health Ministry said on...

April’s featured endemic plant: Tulipa cypria

The Ministry of Agriculture introduces the rare Tulipa cypria (Cypriot tulip) that blooms in spring as part of its regular feature that aims to present...

Early release for 137 prisoners because of Covid-19

The prison service has announced that 137 inmates are being given early release as part of measures to contain the spread of coronavirus. It said...

Cyprus posts fiscal surplus of 0.9% of GDP in January-February

Cyprus posted a general government fiscal surplus of €212 million or 0.9% of GDP in the first two months of 2020, marking a reduction...

Taste

Village olive pie

Mix the yeast with the lukewarm water and put it aside for about 12-15 minutes to settle.  Sift the flour with the salt into...

Skordalia (Garlic paste)

Rinse the potatoes and place, unpeeled, in a saucepan. Cover with water, add salt and allow to simmer for 20-30 minutes until soft. Drain,...

Village salad

A must-have with every meal is a village salad. You will find it in every tavern or greek restaurant you visit in Cyprus. Make...

Courgettes with eggs

Heat the oil in a frying pan and fry the courgettes at a medium heat until they soften. Add salt and add the eggs....