Awarded by: University Investment Research Competition-HK Society of Financial Analysts
A team of undergraduates overcame their ignorance of the property market and accounting to scoop the top award in the Hong Kong Society of Financial Analysts' University Investment Research Competition.
They were competing against five other local universities and were asked to write an investment research report about a real company, Sun Hung Kai Properties. It was a tall order for students busy with studies, especially as the three HUST undergrads knew little about their topic.
The team received help from their mentor, Lousia Fok of Merrill Lynch, and also did a lot of homework on Sun Hung Kai for their 20- page report. The undertook valuations for each of the company's property development projects and investment properties. They also visited Sun Hung Kai, another learning experience. The other team members were Gavin Ng Ka Keong, Year 3 Economics and Finance, and Bonnie Shao Jin, Year 3 Finance.
The judges said they were impressed by the team's in-depth understanding of the company and their ability to work together.