CFA SRI LANKA RESEARCH CHALLENGE 2014 15 CFA

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CFA SRI LANKA RESEARCH CHALLENGE 2014 / 15

CFA SRI LANKA RESEARCH CHALLENGE 2014 / 15

CFA INSTITUTE RESEARCH CHALLENGE • An annual educational initiative sponsored by CFA Society Sri

CFA INSTITUTE RESEARCH CHALLENGE • An annual educational initiative sponsored by CFA Society Sri Lanka as part of the CFA Institute Research Challenge. • The CFA Institute Research Challenge is a competition between universitysponsored Teams that research a designated publicly traded company, prepare a Written Report on that select company and then present their findings to a panel of Judges. • The competition has three levels: Local, Regional, and Global. • Winners at the Local level advance to compete against Teams within their geographic region at the Regional level. Winning Teams at the Regional level advance to compete at the Global level. • One Team is designated the ultimate winning Team at the Global level. 2

REGIONAL & GLOBAL DATES Event Date Location Americas Regional 15 – 16 April 2015

REGIONAL & GLOBAL DATES Event Date Location Americas Regional 15 – 16 April 2015 Atlanta, Georgia USA EMEA Regional 01 – 02 April 2015 Amsterdam Netherlands Asia Pacific Regional 11 – 12 March 2015 Manila Philippines Global Final 17 April 2015 Atlanta, Georgia USA 3

TIME LINE – 2014 Date Milestone 04 July Kick-off meeting / Company Presentation Singer

TIME LINE – 2014 Date Milestone 04 July Kick-off meeting / Company Presentation Singer Sri Lanka PLC 01 August Q&A with the Management of Singer Sri Lanka PLC 29 August Submit draft report to mentors and solicit feedback by 08 September 29 September Submit final report to CFA Society Sri Lanka for evaluation by a panel of graders by 11: 00 am the latest 17 October Four finalists announced 07 November Finalists to present to a panel of judges 20 November Winner announced at CFA Graduation Ceremony 4

KICK OFF MEETING AGENDA – 04 JULY 2014 SEC AUDITORIUM, 29 TH FLOOR, EAST

KICK OFF MEETING AGENDA – 04 JULY 2014 SEC AUDITORIUM, 29 TH FLOOR, EAST TOWER, WORLD TRADE CENTRE Time Program 0900 - 0930 Introduction to the Research Challenge – Zaffar Jeevunjee 0930 – 1000 Presentation – Winners of 2013/14 Research Challenge – University of Colombo 1000 – 1045 Company Presentation – Singer Sri Lanka PLC 1045 – 1115 Q & A 1115 – 1200 Refreshments / Teams meet their CFA Mentor 1200 – 1245 Presentation – Company / Industry Analysis – Purasisi Jinadasa, Chief Strategist, CAL Securities Pvt. Ltd 12 45 - 1300 Break 1300 - 1345 Continuation – Presentation – Company / Industry Analysis 5

Q&A WITH SINGER SRI LANKA PLC SEC AUDITORIUM, 29 FLOOR, EAST TOWER, WORLD TRADE

Q&A WITH SINGER SRI LANKA PLC SEC AUDITORIUM, 29 FLOOR, EAST TOWER, WORLD TRADE CENTRE TH Time Programme 1000 - 1045 Q & A Session with Singer Sri Lanka PLC 1045 - 1115 Refreshments 1115 - 1215 Presentation – Sri Lankan Economy - Amal Sandaratne, CFA – MD, Frontier Research 1230 - 1330 Presentation – Report Writing & How to make a powerful presentation – Amal Sandaratne, CFA 6

WRITTEN REPORT SCORING CRITERIA Sections Maximum Points Investment Summary 20 Valuation 20 Business Description

WRITTEN REPORT SCORING CRITERIA Sections Maximum Points Investment Summary 20 Valuation 20 Business Description 05 Other Headings 05 Industry Overview & Competitive Positioning 15 Financial Analysis 20 Investment Risks 15 Total 100 7

SAMPLE Section Maximum Points Comments Investment Summary 12 Not logical, no or insufficient summary

SAMPLE Section Maximum Points Comments Investment Summary 12 Not logical, no or insufficient summary of salient points, strategy is not grounded in Financials Valuation 08 Method is flawed, not substantiated with industry information Business Description 03 Lack of sufficient information to support recommendation Other Headings 03 Missed important information available Industry Overview & Competitive Positioning 10 Not a comprehensive understanding of the companies positioning and / or competitors. No understanding of company’s economic advantage. Overstated company’s advantage – not grounded in facts or supported in the financials Financial Analysis 12 Flawed assumptions. Too many errors in financial analysis. Financial analysis does not support conclusion Investment Risks 10 Missed too many important risk items, risk and conclusion are not logical Total 58 8

PRESENTATION SCORING CRITERIA Area Maximum Points Argument Did they use data effectively to support

PRESENTATION SCORING CRITERIA Area Maximum Points Argument Did they use data effectively to support their recommendation? 25 Questions Were they able to answer questions effectively? 25 Financial, Valuation and Other Analysis Were the financial analysis, valuation models and sensitivity analysis rigorous and appropriate? 20 Team Involvement Team involvement in the presentation / Questions and Answers 15 Poise Were they confident? Were they convincing? 10 Materials Quality of slides 05 Total 100 9

MENTORS Name Company Amal Sandaratne, CFA Frontier Research Rashmin Lokubandara, CFA Standard Chartered Bank

MENTORS Name Company Amal Sandaratne, CFA Frontier Research Rashmin Lokubandara, CFA Standard Chartered Bank Mifnaz Jawahar, CFA Allianz Insurance Lanka Ltd Nadika Ranasinghe, CFA Copal Amba Malaka Paranavitane, CFA Copal Amba Deshan Pushparajah, CFA Capital Alliance Partners Ltd 10

JUDGES Name Company Chanakya Dissanayake, CFA Copal Amba Vindhya Jayasekera, CFA NDB Wealth Management

JUDGES Name Company Chanakya Dissanayake, CFA Copal Amba Vindhya Jayasekera, CFA NDB Wealth Management Sahan Jayasooriya, CFA Agro Harapan Lestari Alastair Corera, CFA Orion Fund Management Jayantha Perera, CFA Richard Pieris Securities Buddhika Fernando, CFA Copal Amba 11

UNIVERSITY OF COLOMBO Name Contact No: Email Address Nadeera Udawatta (Team Leader) 0779725878 nadeera_3@yahoo.

UNIVERSITY OF COLOMBO Name Contact No: Email Address Nadeera Udawatta (Team Leader) 0779725878 nadeera_3@yahoo. com Samanmalie Herath 0775237000 samherath@yahoo. com Mohamed Salman Cader Fiaz 0772702017 salmanfaiz 7@yahoo. com Mario Nihethan Ganeshathasan 0776246985 mario. ganeshathasan@gmail. com Isuru Chamal Perera 0716467018 isurucperera@gmail. com Ganga Fernando (University Liaison) 0771960805 ganga 82 fernando@yahoo. com Rashmin Lokubandara, CFA (Mentor) 0773686766 rashmin_lokubandara@yahoo. c om 12

UNIVERSITY OF KELANIYA Name Contact No: Email Address M N F Ishra (Team Leader)

UNIVERSITY OF KELANIYA Name Contact No: Email Address M N F Ishra (Team Leader) 0773252693 isharanilam 91@gmail. com H M N P Herath 0713096362 nethmi_herath@yahoo. com H M S N K B Herath 0779985422 shanika_herath@ymail. com A M P C Amarakoon 0788189481 piyu. chanika@gmail. com N M I K Narasinghe 0719245600 iknarasinghe@gmail. com 0714451518 sandunf@kln. ac. lk C S P K Fernando (University Liaison) Nadika Ranasinghe (Mentor) 0773693374 nadika_ranasinghe@copalamb a. com 13

UNIVERSITY OF MORATUWA Name Sachille Atapattu (Team Leader) Charith Udugama Contact No: Email Address

UNIVERSITY OF MORATUWA Name Sachille Atapattu (Team Leader) Charith Udugama Contact No: Email Address 0714660080 sachille. atapattu@gmail. com 0711446365 doncharith 1@gmail. com Duminda Darmadasa dkdharmadasa@gmail. com Arjuna Ahangama arjunaahangama@gmail. com Akila Premasiri akilasbv@gmail. com Gayithri Kuruppu (University Liaison) 0779101364 gayithri@uom. lk Amal Sandaratne, CFA (Mentor) 0777315977 amal@frontiergroup. info 14

UNIVERSITY OF SRI JAYAWARDENAPURA Name Contact No: Email Address Apoorwa De Alwis (Team Leader)

UNIVERSITY OF SRI JAYAWARDENAPURA Name Contact No: Email Address Apoorwa De Alwis (Team Leader) 0719231061 apoorwadealwis@yahoo. com N. P. P. C. Kumarasinghe 0771972198 Girga Karunanayake 0773403111 girgak@gmail. com M. L. M. Nilham 0710126494 R. D. K. K. Nirupamala 0778640049 Devmali Perera (University Liaison) 0777 533511 devmali@sjp. ac. lk Mifnaz Jawahar , CFA (Mentor) 0770890791 mifnazj@gmail. com 15

ROYAL INSTITUTE Name Contact No: Email Address Kaveen Ratnaweera (Team Leader) 0777579157 Kaveen 94@gmail.

ROYAL INSTITUTE Name Contact No: Email Address Kaveen Ratnaweera (Team Leader) 0777579157 Kaveen 94@gmail. com Jonathan Nugegoda 0774314014 Jonathannugegoda@gmail. com Gayani Hurulle 0716866243 Gayanih@gmail. com Eneeshya Hashinie Perera 0777621165 eneeshya@gmail. com Hasini Jayasinghe 0774355527 Hasini. jayasinghe. 26@gmail. com 0770799461 travisantoniog@gmail. com 0777345006 Malaka_paranavitane@copalamb a. com Travis Gomes (University Liaison) Malaka Paranavitane, CFA (Mentor) 16

ASIA PACIFIC INSTITUTE OF INFORMATION TECHNOLOGY Name Prashan Kavinda (Team Leader) Manujaya Payagalage Thushan

ASIA PACIFIC INSTITUTE OF INFORMATION TECHNOLOGY Name Prashan Kavinda (Team Leader) Manujaya Payagalage Thushan Madushanka Contact No: Email Address prashan. hewage@hotmail. co m hasinthamanujaya@gmail. co 0770355868 m thushanmadushanka 8@yaho 0776986008 o. com 0726897434 Dinal Madushan Appuhamy 0779513545 Cb 004424@students. apiit. lk Tharushi Navodya Bodiratne 0775829869 Izme. dacycogrly@gmail. com Nazeefa Fawzer (University Liaison) 0770728483 nazeefa@apiit. lk Deshan Pushparajah, CFA (Mentor) 0772962549 deshan. pushparajah@gmail. com 17

KEY CONTACTS Name Contact No: Email Address Zaffar Jeevunjee CFA Society Sri Lanka Research

KEY CONTACTS Name Contact No: Email Address Zaffar Jeevunjee CFA Society Sri Lanka Research Challenge Chair 0777269595 zaffar@jaywise. lk Debbie Kundanmal Administrator CFA Society Sri Lanka 0773 661931 secretariat@srilanka. cfas ociety. org Amanda Quinn Programme Manager Research Challenge CFA Institute +1 (434) 9514867 amanda. Quinn@cfainstitu te. org 18