UCy team wins CFA Re­search Chal­lenge com­pe­ti­tion

Financial Mirror (Cyprus) - - FRONT PAGE -

The Univer­sity of Cyprus team won the CFA Re­search Chal­lenge Com­pe­ti­tion or­gan­ised for the fourth con­sec­u­tive year by the CFA So­ci­ety Cyprus.

Tak­ing part in the com­pe­ti­tion were stu­dent teams from the Univer­sity of Cyprus, the Univer­sity of Nicosia and UCLAN Cyprus, who were asked to re­search the busi­ness model and eq­uity of Cypriot brew­ers KEO Plc. Af­ter be­ing briefed by the com­pany and par­tic­i­pat­ing in a sem­i­nar on com­pany pre­sen­ta­tions or­gan­ised by CFA So­ci­ety Cyprus, they car­ried out a study on KEO. The stu­dents had to sub­mit a ten-page re­search re­port on the sub­ject com­pany, and then made of­fi­cial pre­sen­ta­tions to a judge/graders com­mit­tee where they pre­sented its busi­ness pro­file, con­clu­sions and rec­om­men­da­tion on the val­u­a­tion of the com­pany’s eq­uity at a spe­cial event held at the In­ter­na­tional Con­fer­ence Cen­tre Philox­e­nia.

The re­search re­port and pre­sen­ta­tions were graded by an ex­pert team of CFA char­ter­hold­ers which de­clared the Univer­sity of Cyprus team as win­ners in the Cyprus com­pe­ti­tion. They will rep­re­sent Cyprus at the Euro­pean CFA Re­search Chal­lenge in Dublin in April to se­lect the team that will rep­re­sent Europe at the global com­pe­ti­tion to be held in the cap­i­tal of Malaysia, Kuala Lumpur, on 27 April. The UCLAN Cyprus team took sec­ond place and will par­tic­i­pate in the Run­ner Up CFA Chal­lenge to be held in Dubai in March.

The an­nual CFA Re­search Chal­lenge Com­pe­ti­tion has be­come es­tab­lished as a highly-rep­utable com­pe­ti­tion which of­fers fi­nance stu­dents the unique op­por­tu­nity, as fi­nan­cial an­a­lysts, to come into con­tact with the pro­fes­sional en­vi­ron­ment and needs of the mar­ket. More than 5,000 stu­dents from 1,000 univer­si­ties from all over the world take part each year. The CFA Re­search Chal­lenge Cyprus is spon­sored by XM.

“By or­gan­is­ing the CFA Re­search Chal­lenge for the fourth con­sec­u­tive year, CFA So­ci­ety Cyprus is giv­ing stu­dents at Cypriot univer­si­ties the op­por­tu­nity to be­come fi­nan­cial an­a­lysts for a few months and to re­search a pub­lic com­pany here in Cyprus. In this way, they can ac­quire prac­ti­cal fi­nan­cial knowl­edge and net­work with pro­fes­sion­als in the sec­tor.

“This dif­fers from the the­o­ret­i­cal knowl­edge they ac­quire dur­ing their stud­ies at univer­sity as they deal with real world and present their find­ings through an of­fi­cial in­vest­ment ap­proval process. We wish the win­ning team the best. The stan­dard this year was very high and we hope that the win­ning team will rep­re­sent us well abroad,” said the pres­i­dent of CFA So­ci­ety Cyprus, Panayi­o­tis Chrysos­to­mou.

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