Question 1)

You are about to assess the fundamental value of a company as at 31 December 2021 (Valuation Date). Details of the company will be provided by your instructor. You are to write a full report documenting your analysis, assumptions and conclusion in relation to the assessment of the companys value. Your report should follow the steps as follows.

(a) Study and develop your in-depth story for this company

Develop your narrative for the company, i.e., story of how you see the company evolving over time.

Locate the necessary financial information. You can refer to information sources such as historical financial statements, analyst report, press releases, earnings call transcripts, investor presentations, etc. You can refer to SGX website (or other stock exchange website if you are analysing a non-Singapore company), Bloomberg, Eikon, Yahoo Finance, the companys website, or any other sources you wish to use.

(5 marks)

Analyse the companys business profile (e.g., business model, sector, products and services, customers and end markets, competitors, key risks, etc.) and financial profile (including but not limited to size, profitability, liquidity, solvency, efficiency, etc.).

(15 marks)

Tie your narrative to key numbers that you will be using in your valuation.

(5 marks)