APPENDIX 1: RESEARCH PAPER GUIDELINES
2020/2021 Budding Value Investor Award
The 2020/2021 Budding Value Investor Award consists of two stages:
 Preliminary Stage
The Preliminary Stage requires the participants to submit a Research Paper that consists of two parts:
Introduced by Benjamin Graham in 1934, value investing is a time-proven investment approach used by some of the most successful investors, including Warren Buffett. The world has changed fundamentally, driven by China’s emergence, technology disruption, the aftermath of the US-led financial crisis and low interest rate. With disruptions of all kinds affecting business models, in your own words, please submit Part 1 of your Research Paper on the following topic:
“What is New Value Investing in the context of the 21st century?”
Part 1 of your Research Paper shall not exceed 1,500 words, excluding charts, tables, references and appendices.
Choose a listed company with annual reports available in English or Chinese from the 43 stock markets that Capital Dynamics invests in globally. As Part 2 of your Research Paper, conduct an analysis on the said company. Justify your choice of company with reference to your answer in Part 1. Conclude by recommending a Buy, Hold, or Sell rating on the said company.
Part 2 of your Research Paper shall not exceed 5,000 words, excluding charts, tables, references and appendices.
 Final Stage
The Final Stage is a Presentation of the Research Paper. Finalists will be invited to present to a panel of prominent judges and public investors at the 2020/2021 Global Investor Week scheduled to be held on Saturday, 27th March 2021 in Kuala Lumpur, Malaysia.
Research Paper Guidelines
The Research Paper must:
Submission of the Research Paper
Part 1 and Part 2 of the Research Paper must: