The CFA Institute Research Challenge

42The CFA Institute Research Challenge is an annual global competition that provides university students with hands-on mentoring and intensive training in financial analysis. Students work in teams to research and analyze a publicly traded company – sometimes even meeting face-to-face with company management. Each team writes a research report on their assigned company with a buy, sell, or hold recommendation and may be asked to present and defend their analysis to a panel of industry professionals. Every country would be represented by one team that would be chosen from the winner from the country level competitions.42The CFA Institute Research Challenge is an annual global competition that provides university students with hands-on mentoring and intensive training in financial analysis. Students work in teams to research and analyze a publicly traded company – sometimes even meeting face-to-face with company management. Each team writes a research report on their assigned company with a buy, sell, or hold recommendation and may be asked to present and defend their analysis to a panel of industry professionals. Every country would be represented by one team that would be chosen from the winner from the country level competitions. This competition is regarded as one of the most prestigious competition for students in the field of finance. For CFA Institute Research Challenge 2015/2016, CFA Institute invited SBM ITB to join the preliminary round of this competition. A team from MBA ITB was founded to compete in this competition, and the team consisted of Hanindita Guritna (MBA YP-51), David Rinaldi (MBA YP-51), Felix Terahadi (MBA YP-51), and Samodro Bagus (MBA YP-51).

For this year’s competition, every team had to do valuation for PT. Semen Indonesia (SMGR), the largest cement company in Indonesia and had to submit the preliminary report on 30th November 2015. The team was struggled to build the report as that was the period of final exam, and the members of the team fell sick one after another. This made the effort to make the preliminary report was not maximum. Fortunately, apart from all the struggles, the team was able to submit the preliminary report on time. On 1st December 2016, CFA Institute Indonesia announced the top 5 teams who would be competing in the final round of the local round on 29th January 2016 in Jakarta based on the preliminary report submitted. MBA ITB team’s preliminary report received the highest score and chosen to be one of the finalist. The five teams that was chosen to compete in the final round of CFA Institute Research Challenge Indonesia were ITB, UI, UNPAD, UBAYA, and UGM.

For the final round, those 5 teams had to submit their final report and presented their analysis in front of a panel of jury that consisted of industry professionals and CFA charter holders. ITB team was determined to be better prepared to make the final report and presentation. Prior to the final event, the team met daily to construct the report and to practice their presentation skills, from the way of speaking, choreography until question and answer practice, helped by Mr. Subiakto and Miss. Maya. The team was confident to be able to win this competition and represent Indonesia in Asia Pacific level competition in Chicago.

On the day of the Final, the event was held in Bank Mandiri Club Lounge in Jakarta and the got the last turn to present their analysis to the jury. The team was able to present their analysis confidently and answered all the questions from the jury to defend their analysis convincingly despite being the only team that gives hold recommendation to the stock. After all of teams has presented all of their analysis, the jury announced the winners based on the score of the final report and presentation done by all finalists. ITB team was announced to be the 2nd winner, with the score slightly lower than the 1st winner, UI. The complete rank of the final was UI (1st winner), ITB (2nd winner), Unpad (3rd winner), Ubaya (4th winner), and UGM (5th winner). Even though the team was disappointed for not being able to be the 1st winner, they felt really proud to be able to represent ITB and win the 2nd place in CFA Institute Research Challenge 2015/2016. Hopefully, ITB can be the winner of this competition next year!

Written by: Dr. Sylviana Maya Damayanti, ST, MBA, RFA, QWP,CFP This competition is regarded as one of the most prestigious competition for students in the field of finance. For CFA Institute Research Challenge 2015/2016, CFA Institute invited SBM ITB to join the preliminary round of this competition. A team from MBA ITB was founded to compete in this competition, and the team consisted of Hanindita Guritna (MBA YP-51), David Rinaldi (MBA YP-51), Felix Terahadi (MBA YP-51), and Samodro Bagus (MBA YP-51).

For this year’s competition, every team had to do valuation for PT. Semen Indonesia (SMGR), the largest cement company in Indonesia and had to submit the preliminary report on 30th November 2015. The team was struggled to build the report as that was the period of final exam, and the members of the team fell sick one after another. This made the effort to make the preliminary report was not maximum. Fortunately, apart from all the struggles, the team was able to submit the preliminary report on time. On 1st December 2016, CFA Institute Indonesia announced the top 5 teams who would be competing in the final round of the local round on 29th January 2016 in Jakarta based on the preliminary report submitted. MBA ITB team’s preliminary report received the highest score and chosen to be one of the finalist. The five teams that was chosen to compete in the final round of CFA Institute Research Challenge Indonesia were ITB, UI, UNPAD, UBAYA, and UGM.

For the final round, those 5 teams had to submit their final report and presented their analysis in front of a panel of jury that consisted of industry professionals and CFA charter holders. ITB team was determined to be better prepared to make the final report and presentation. Prior to the final event, the team met daily to construct the report and to practice their presentation skills, from the way of speaking, choreography until question and answer practice, helped by Mr. Subiakto and Miss. Maya. The team was confident to be able to win this competition and represent Indonesia in Asia Pacific level competition in Chicago.

On the day of the Final, the event was held in Bank Mandiri Club Lounge in Jakarta and the got the last turn to present their analysis to the jury. The team was able to present their analysis confidently and answered all the questions from the jury to defend their analysis convincingly despite being the only team that gives hold recommendation to the stock. After all of teams has presented all of their analysis, the jury announced the winners based on the score of the final report and presentation done by all finalists. ITB team was announced to be the 2nd winner, with the score slightly lower than the 1st winner, UI. The complete rank of the final was UI (1st winner), ITB (2nd winner), Unpad (3rd winner), Ubaya (4th winner), and UGM (5th winner). Even though the team was disappointed for not being able to be the 1st winner, they felt really proud to be able to represent ITB and win the 2nd place in CFA Institute Research Challenge 2015/2016. Hopefully, ITB can be the winner of this competition next year!

Written by: Dr. Sylviana Maya Damayanti, ST, MBA, RFA, QWP,CFP