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CFA Challenge win for NUI Galway economics students

Pictured with the trophy are (from left) Cian Twomey (Lecturer in Financial Economics, NUI Galway and academic mentor), team members Sam Ryan, Shane O’Brien, Anthony Patrick Saoud, Oisin Kelly, and Conor Hanniffy, and John Stokes (NAMA/Department of Finance and industry mentor).

Mar 24 2014 Posted: 10:37 GMT

A team of five Masters in International Finance students from NUI Galway has won the Chartered Financial Analysts Ireland 2014 Research Challenge.

The Research Challenge is an annual global competition that provides university students with hands-on mentoring and intensive training in financial analysis.

Students gain real-world experience as they assume the role of a research analyst and are tested on their ability to value a stock, write an initiation-of-coverage report, and present their recommendations to a panel of leading financial services professionals.

Speaking after their win, the team said that they had taken a very positive view of Ryanair plc. Anthony Patrick Saoud said their analyses suggested a potential share price of some €9.05 a share – an upside of 24% on the current share price. The team also indicated that they believed that Ryanair had secured an “incredibly strong” competitive position in the airline market in Europe and that current changes in the positioning of the company would lead to income growth from new charges.

The President of the CFA Society Ireland, Ronan McCabe paid tribute to all the teams which took part in the exercise; “NUI Galway really had to earn their win this year as the overall standard of all the teams competing was exceptionally high.” Mr. McCabe thanked Ryanair for its willing participation in the competition as the company under review and Davy Stockbrokers who sponsored the competition.

The winning team will now go on to compete in the European Middle East Africa (EMEA) Finals of the competition in Milan in early April.

In addition to NUI Galway, teams from Trinity, UCD, UCC, Dublin City University, and Queens University Belfast took part in the Irish leg of the competition.

Find out more about studying economics at postgraduate level at NUI Galway
The Masters in International Finance at NUI Galway

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