Methodology

Judging Flow

Judging Criteria

Section Maximum Points
Investment Summary Coherent and sufficient summary of salient points supported by financials. 20
Industry Overview & Competitive Positioning In-depth overview of the companies positioning and/or competitors. A comprehensive description of company's economic advantage and its competitive positioning with facts and figures. 15
Valuation Substantiated industry information to support valuation. 20
Financial Analysis Complete financial analysis to support recommendation. 20
Investment Risks Important risk factors are disclosed to support conclusion. 15
Others Business description or other crucial information. 10
Total   100
Section Score
Investment Summary 20
Industry Overview & Competitive Positioning 25
Financial Analysis 15
Investment Risks 15
Actionable Idea 10
Others (Individual company writeup/ Graphics / Presentation) 15
Total Score 100
Minimum number of nominations 2 sector reports and 2 single company reports
Scoring 50/50 from single company report and sector report category
Average of all the reports from the same house
For those reports managed to go to the final round: 25% from the average of final round grading while 75% from the average of first round grading

Judges

Final Round Judges
Raj Nair, CFA
An experienced fund manager from one of the top asset management firms in Hong Kong

Raj Nair has been a portfolio manager for 12 years and co-manages several portfolios investing in India. Prior to this, he was on the sell side for 5 years in Mumbai, India. Raj obtained his Bachelors in Commerce (B.Com) from D.G. Ruparel College, University of Mumbai. He is also an Associate Chartered Accountant (ACA) from the Institute of Chartered Accountants of India (ICAI) and a certified Financial Risk Manager (FRM) from the Global Association of Risk Professionals (GARP). He is also a CFA charterholder.

Louis So
Deputy Chairman and Co-Chief Investment Officer
Value Partners Group Limited

Mr. Louis So is responsible for assisting Dato’ Seri Cheah Cheng Hye, Chairman of the Board, in overseeing group affairs and activities, as well as overall management of the firm’s investment management team. He holds a leadership role in the Group’s investment process and portfolio management.

Mr. So has over 18 years of experience, with a solid track record in research and portfolio management. He joined the Group in May 1999 and was promoted to take up various research and fund management roles since then. In the 2011 Best of the Best Awards by Asia Asset Management, he was named “CIO of the Year in Asia” along with Dato’ Seri Cheah. Mr. So earned a Master’s degree in Commerce from the University of New South Wales in Australia.

Claudius Tsang CFA, LLB
Partner, Co-head of PE, North Asia
Templeton Private Equity Partners
Templeton Asset Management Ltd

Mr. Claudius Tsang, CFA, is a Partner and Co-Head of Private Equity, North Asia of Templeton Asset Management Ltd., a subsidiary of Franklin Resources, Inc. (NYSE: BEN). He is responsible for analyzing and evaluating strategic equity investments in North Asia. Prior to rejoining Franklin Templeton in 2008, Claudius managed private equity and PIPE (Private Investment in Public Equity) deals in Hong Kong, China, Taiwan and the United States for Lehman Brothers. Previously, he also worked for Korea Development Bank, the China Chem Group and Jardine Fleming.

Claudius is a CFA charterholder and served as Disciplinary Review Committee member of CFA Institute from 2006 to 2009. He is currently a Director of The Hong Kong Society of Financial Analysts and a committee member of Chinese Financial Association of Hong Kong as well as the Tsinghua Alumni Association of Hong Kong.

Claudius holds an M.B.A., with honors, from the University of Chicago Booth School of Business, a bachelor of law from Tsinghua University and a bachelor of engineering from The Chinese University of Hong Kong.

Rebecca Xu
Fund Manager, Asian Equities
Schroder Investment Management (Hong Kong) Limited

Rebecca joined Schroders in 2010 as an equity analyst. She spent the first year with the Global equities team in London office and then moved to Hong Kong office in 2011. Since then she has been covering multiple sectors in HK/China markets before moving to fund manager role. Rebecca is now a fund manager at the Asian Equities team with a focus on Greater China markets.

Rebecca holds a Master's degree in Management from University of Cambridge, and a Bachelor's degree from Tsinghua University. She is a CFA charterholder.

First Round Judges
Alan Lau, CFA
China Everbright Limited
Felix Fong, CFA
Citychamp Watch & Jewellery Group Limited
George Grose, CFA
Daiwa Capital Markets Hong Kong Limited
Eric Kwan, CFA
Seasoned Industry Practitioner
Ho Tak Lee, CFA
Pickers Capital Management Limited
Ean Kiam Ng, CFA
VL Asset Management Limited
Joe Lin, CFA CMA FCCA
Experienced Value Investor