The CFA Institute Research Challenge is a global competition that promotes best practices in equity research among aspiring analysts. Amid fierce competition from a record 32 university teams across Hong Kong and Macau, our two HKUST undergraduate teams impressed the judging panel at the CFA Institute Research Challenge Hong Kong Local Final in early February. They won the Champion and First Runner-up titles as well as the “Star Presenter” award.

The champion team was formed by students from our World Bachelor in Business (WBB) program: Samantha BOUCHER, Armelle DAVASSE, Joson SUEN, Justin TANG, and Karin WONG, while the first runner-up team from different BBA programs including Alan CHAN, Jennifer CHEUNG, Aveline PUT, Aaron TSUI, Jilly WONG.

Ms. Victoria MIO (left), CFA, Head of Greater China Equities & Portfolio Manager, Janus Henderson Investors, and Mr. Richard MAK (right), CFA, Immediate Past President, CFA Society Hong Kong, present the awards to the two HKUST winning teams.

Champion team member Armelle Davasse also won the “Tiger Brokers Presents: Star Presenter” Award for her outstanding performance. She thanked the CFA Society Hong Kong for providing a platform that bridges academic learning with real-world industry practice. “The competition gave me the opportunity to conduct in-depth research on a designated company—a challenging yet highly rewarding experience. From analyzing the business and industry landscape to building valuation models and refining the investment thesis, it was a truly enriching months-long journey,” she said.

Armelle Davasse (middle) receives the Star Presenter Award from Mr. Keith LEE (left), CFA, Managing Director, APAC Head of Securities Finance & Borrow, Tiger Brokers Hong Kong; and Mr. Kerr POON (right), CFA, CAIA, Executive Director & Chair of University Outreach Committee, CFA Society Hong Kong.

The teams extend their heartfelt thanks to Prof. Lynn PI for her guidance and support as advisor to the HKUST teams. We wish them every success as they will represent Hong Kong in the Sub-regional Round.

Prof. PI (sixth from left) celebrates the achievements with the winning teams.