News Details | 09-Apr-2009

NTU students win global investment research challenge

Four students from Nanyang Business School at Nanyang Technological University (NTU) have won the prestigious Global Investment Research Challenge held in London by the CFA Institute.

The Nanyang Business School team emerged as the global champion in the third annual competition in which nearly 1,000 students from over 200 universities worldwide competed first at the local, then regional and finally at the global level.

The Singapore team’s achievement is particularly significant as leading universities like Harvard University, MIT, Columbia University, New York University, the University of Pennsylvania, Rutgers, Duke University, London Business School and Imperial College Business School were those represented in the Global Investment Research Challenge.

The Global Investment Research Challenge, held annually by the United States based CFA Institute in association with 35 national chapters, is a unique opportunity for university students, investment industry professionals and publicly traded companies to jointly promote the best practices in equity research and company analysis.

The winning four-member student team was led by Terence Lim Ying Fan, with You Yewei, Krystle Liew Tianni and Jeremy Teo Jun Liang as members.

Their winning case was a presentation on Singapore-listed transport company ComfortDelGro Corporation Ltd’s stock research analysis with a sell recommendation.

Nanyang Business School’s winning team had sharpened and honed its skills in business case competitions through hard work and guidance from their teachers. “Their finance knowledge that come from their Banking and Finance specialisation when combined with their case competition training was awesome in terms of impact in any competition,’’ said Dr Fock Siew Tong, Associate Professor of Banking and Finance at Nanyang Business School.

Dr Lee Hon Sing, who guided the NTU winning team closely throughout the competition said “our students were particularly strong in their investment knowledge and financial analysis. Combined with their strong industry knowledge, macroeconomic understand and knowledge about how government policies affect the businesses, helped them to come out tops in the global competition.”

When asked about NTU’s winning formula, Nanyang Business School team’s captain Terence Lim said: “All team members put in tremendous hardwork and sacrifice, including long hours during school holidays to ensure we were well prepared. I would like to thank our mentors and professors who contributed that time to guide us through the challenge.”

The NTU-Nanyang Business School team has brought home the CFA Institute’s Global Investment Research Challenge trophy and a cash prize of US$10,000.

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Media contact
Patricia Yap, Assistant Manager, Corporate Communications Office
Tel: 6790 5417; Mobile: 9846 6716; Email:

Dr Lee Hon Sing, Assistant Professor, Division of Banking & Finance, Nanyang Business School
Tel: 6790 6119; Mobile: 8121 6326; Email:

Narendra Aggarwal, Public Affairs, Nanyang Business School
Tel: 6790 6260; Mobile: 91003350; Email:

About Nanyang Technological University

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