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

Rain arrives over the weekend. but temperatures much higher than seasonal average

  A warm air current is still affecting the area, but showers and possibly storms are expected on Saturday, with temperatures dropping slightly, but remaining...

Digital Policy ministry ready for distance learning if lockdown imposed

  The Digital Policy ministry assured it was ready on the technical side to organise distance learning, if a total lockdown was imposed over the...

French Embassy express regret over inappropriate behaviour outside its offices, thanks police

  Τhe French Embassy expressed regret over the taking down and destruction of the country's flag outside its offices in Nicosia and a series of...

West wants to relaunch Crusades, Erdogan claims over Prophet cartoons

   Turkey’s leader said that Western countries mocking Islam wanted to “relaunch the Crusades”, heightening a confrontation with France over cartoons of the Prophet Mohammad...

UK-first COVID vaccines ‘likely to be imperfect’ and ‘might not prevent infection’

  The first generation of COVID-19 vaccines "is likely to be imperfect" and "might not work for everyone", the chair of the UK Vaccine Taskforce...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...