CFA Society Thailand

A Member of the CFA Institute Global Network of Societies

​​​​​​​​​​​​​​​​​​​Research Challenge



 ​                                ​​​​​​​​​​​​​​2017-2018​​​​​​ CFA Institute Research Challenge in Thailand​

​​Visit our ​Official CFA Research Challenge Facebook Page

About CFA Institute Research Challenge​

The CFA Instutute Research Challenge is an annual, global competition that provides university students with hands-on mentoring and intensive training in fianancial analysis. Students work in teams of 3-5 students to research and analyze a publicly traded company and then write a research report on their assigned company with a buy, sell, or hold recommendation. 


Over the course of the competition, each team are mentored and intensive trained by industry professionals in company analysis, writing an equity research report and presentation skills. The teams then present their findings to a distinguished panel of experts.

The CFA Institute Research Challenge is a three-tier competition:

1. Local Round:            CFA Society Thailand is the host for local round in Thailand

2. Regional Round:      Winning Teams from the local rounds in Asia Pacific

3. Global Round:          Winning Teams from each region (Americas, Asia Pacific, EMEA and New York)


The Challenge consists of the following components:

- Analysis of a Public Company

  Teams research a publicly traded company. Company management presents to the teams and participates in a Q&A session.

- Mentoring By a Professional Research Analyst

  Each team works with an investment professional, who mentors the team on research process and reviews and critiques their report.

- Writing a Research Report

  Students produce an initiation of coverage report on the chosen company. The report is reviewed and scored by a group of judges.

- Presentation of Research to a High-Profile Panel of Experts

  Teams present their research to a panel of experts from top financial institutions. The team with the highest combined report and presentation score is the winner.

- Advancement to CFA Institute's Global Challenge

  The winners of the local competitions will advance to compete against teams within their geographic region, culminating in a global finale.


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Previous Winners​

Earlier known as the CFA Thailand Investment Research Challenge (or CFA Thailand IRC), the CFA Institute Research Challenge in Thailand is the official local host for CFA Institute Research Challenge in Thailand. The following were the winners for the previous years:

2009-2010: Thammasat University
2010-2011: Thammasat University
2011-2012: Thammasat University
2012-2013: Thammasat University
2013-2014: Chulalongkorn University​
2014-2015: Chulalongkorn University


For the 2011-2012 events, Thammasat University made Thailand proud by being selected as the winner in the GLOBAL round held in New York (USA), we hope the current winner would replicate the previous successes. 

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