The Hong Kong Society of Financial Analysts
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The Hong Kong Society of Financial Analysts

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The Hong Kong Society of Financial Analysts Document Transcript

  • 1. The Hong Kong Society of Financial Analysts Presents Workshops On Financial Analysis Series – Beijing (Medium of workshop: English) - Basic Financial & DCF Modeling - Corporate Valuation – Relative Valuation 27th & 28th October 2008 Jade Room, 2/F, Holiday Inn Downtown Beijing No. 98 Beilishilu, Xicheng District, Beijing As a participant in the CFA Institute Approved-Provider Program, the Hong Kong Society has determined that each workshop qualifies for credit for the CFA Institute Continuing Education Programme. Each workshop is eligible for 4.5 credit hours.
  • 2. Financial Analysis Series – Beijing HKSFA is proud to present our highly successful and popular “Financial Analysis Series”, first in Beijing, held in conjunction with Wall St. Training. The Financial Analysis Series in Beijing will provide practical, Excel-based career-enhancing programs related to financial modelling, valuation, fundamental analysis, mergers & acquisitions and leveraged buyouts. This series of hands-on workshops will consist of the following half-day programs: - Basic Financial & DCF Modeling - Corporate Valuation – Relative Valuation The goal of these programs is to improve and elevate the skills sets of the financial analyst and the investment professional. Heavy emphasis is placed on being as effective and efficient as possible with Excel. Please note, the courses will be taught 100% in English with light Chinese – Mandarin (Putonghua) supplement. Participants should understand and comprehend all major significant accounting, finance and valuation terminology fluently in English. Although the instructor has a basic knowledge of rudimentary conversational Mandarin language skills, participants should not expect a full or partial translation of instruction or terminology in Chinese. Wall St. Training (www.wallst-training.com) provides professional financial training solutions to Wall Street through hands-on classroom training and customized corporate training programs for financial analysis which take a hands-on, interactive, practical, non-theoretical approach. The instructor has trained numerous major financial services firms including Banc of America Securities, CIBC, Credit Suisse, Citigroup, Deutsche Bank, FactSet, Fidelity, GE Private Equity, JPMorgan and many others. About the Instructor: Mr. Hamilton Lin, CFA Hamilton Lin, CFA, is President of Wall St. Training (www.wallst-training.com), a corporate training firm that teaches the fundamentals of financial analysis, modeling and valuation. Clients include prestigious firms including some of the largest investment banks, many boutique investment banks, buy-side asset managers, research firms and commercial banks, such as Banc of America Securities, Capital Group, CIBC World Markets, CIT Group, Citigroup, Credit Suisse, Deutsche Bank, Dow Jones, FactSet, Fidelity, GE Private Equity, Greenhill, JPMorganChase, TD Securities, TIAA-CREF, World Bank (IFC) and many others. Hamilton has a broad background in investment banking and mergers & acquisitions in diverse industries ranging from oil & gas to insurance to asset management and related sectors. He has worked on over six dozen deals and closed over three dozen deals, ranging from plain vanilla deals, to squeeze-outs, LBOs and distressed situations ranging in deal value from $10 million to over $6 billion. Prior to founding his firm, he worked at: Goldman Sachs Investment Banking, where he standardized his group's best practices; Banc of America's M&A department, where he customized many of the firm's models; various boutique middle-market investment banks, executing private transactions; and Ryan Labs, an asset-liability asset management firm. Hamilton teaches globally, from all major cities in the USA including NYC, San Francisco, Chicago, to Asia including Hong Kong, Singapore, Shanghai to Europe including London and most major financial hubs. Hamilton has taught as an adjunct professor at Baruch College and Hunter College in New York City. He graduated from NYU Stern in Finance and International Business, is a Chartered Financial Analyst and has taught all levels and all study sessions of the CFA exam. He also teaches all of the financial modeling and valuation courses (dozens of classes a year) at the following CFA Institute member societies: - New York Society of Securities Analysts - San Francisco CFA Society - Chicago CFA Society - Boston Security Analysts Society - The Hong Kong Society of Financial Analysts - Singapore CFA Society - Toronto CFA Society - Stamford CFA Society Suite 1604, 16th Floor, The Hong Kong Club Bldg., 3A Chater Road, Central, Hong Kong Tel: (852) 2521 2543 Fax: (852) 2869 4800 E-mail: info@hksfa.org URL: http://www.hksfa.org A MEMBER SOCIETY OF CFA INSTITUTE
  • 3. Highlights of the Workshops: BASIC FINANCIAL & DCF MODELING 27th October 2008, Monday 1:30pm – 6:00pm This course provides a practical, hands-on approach to the quantitative and technical aspects of basic financial modeling using Excel. Learn how to model and project a top-down financial statement for valuation purposes or for analyzing mergers and acquisitions. Each participant will be provided with a 10K (Annual Report) and a list of advanced Excel shortcuts. You will input publicly available information and learn various shortcuts to construct a five-year income statement projection and discounted cash flow analysis. The income statement projection will concentrate on growth rates, margins and estimated from revenue down to EPS. The DCF will focus on properly deriving free cash flow and terminal value estimates including the multiples and perpetuity growth approaches. Leave the classroom with a model that you can apply to other companies immediately. Prerequisite: Intermediate proficiency using Excel is required. This Financial Modeling class is a technical workshop. To obtain the desired financial background, the “Corporate Valuation – Relative Valuation” class is highly recommended as a precursor or co-requisite. Level: Intermediate CORPORATE VALUATION – RELATIVE VALUATION 28th October 2008, Tuesday 1:30pm – 6:00pm Learn how to value companies from a relative valuation perspective. This course takes a practical, tangible, and non-theoretical approach to examining how corporations are valued based on market multiples (trading comps). Coverage goes beyond the academic theory of financial ratios to the practical application of relative analysis, offering real-world methods of evaluating a company’s value. Incorporate the concepts learned by immediately working on Excel-based, hands-on exercises. Perform hands-on, interactive, Excel-based valuation modeling techniques through a simplified relative valuation exercise. Input and calculate financial results and analyst projections for comparable companies and calculate current standalone market valuation multiples. Then, construct a summary valuation analysis based on calculated industry valuation trends to derive implied valuation of a target company. In doing so, crystallize and appreciate the capital structure and the relationship between total enterprise value, equity value and price per share. These tools are useful for any financial professional interested in analyzing a company. Prerequisite: Intermediate proficiency using Excel, a solid grasp of basic accounting fundamentals and an understanding of basic valuation techniques are required. This Corporate Valuation class is a hands-on, technical workshop. Level: Intermediate Suite 1604, 16th Floor, The Hong Kong Club Bldg., 3A Chater Road, Central, Hong Kong Tel: (852) 2521 2543 Fax: (852) 2869 4800 E-mail: info@hksfa.org URL: http://www.hksfa.org A MEMBER SOCIETY OF CFA INSTITUTE
  • 4. Details of workshops : Date & Time Name of Workshops 1:30pm-6:00pm Basic Financial & DCF Modeling Mon, 27 Oct 1:30pm-6:00pm Corporate Valuation – Relative Valuation Tue, 28 Oct Location: Jade Room, 2/F, Holiday Inn Downtown Beijing, No. 98 Beilishilu, Xicheng District, Beijing Address in Chinese: 北京金都假日饭店2层翡翠厅,北京市西城区北礼士路98号 (* Classrooms are NOT equipped with computers. Participants WILL NEED to bring their own laptops.) Fee: HKSFA Member(s) HKD930 (i.e. RMB800) (half day) /person per workshop Guest (s) and Non-member(s) HKD1,510 (i.e. RMB1,300) (half day) /person per workshop (The fee includes course materials.) Special Discount: 10% off for those who register for two workshops. Registration : 1. Interested parties are requested to register online at http://www.hksfa.org. 2. Registration is only confirmed upon receipt of payment. 3. After completing the online registration, registrants will receive email notifications with registration details. A reminder will also be sent before the workshop(s) begin. If you have not received the email notification and reminder from HKSFA, it is the delegate’s responsibility to contact HKSFA to confirm their place. Policy for Substitutions, Cancellations and No Show : 1. An administration fee RMB50 will be charged for any cancellation of confirmed enrollment. All cancellation requests must be made in writing, be confirmed by email from HKSFA. 2. Registrations should be paid in full before the commencement of the workshop . Should the registration fee remains outstanding, HKSFA reserves the right to disallow entrance to the workshop. To secure your booking, immediate payment is required upon email confirmation. 3. Refund of the workshop fee (less an administration fee of RMB50 per person) will be given for cancellation received on/before Monday, 20th October 2008. 4. No refund will be given for cancellation received after 20th October 2008. 5. Full amount will still be charged for no show or enrolment made after 20th October 2008. 6. Substitutions are allowed. Please notify us prior to the event (i.e. Friday, 24th October 2008), rate for Guests and non-members (@HKD1,510, i.e. RMB1,300) applies if the substitute is not an HKSFA member. 7. To be awarded CE credit hours, full attendance of all parts of the event is required. For any enquiry, please feel free to contact Ms Ruby Gao at (+86 21) 6440 1863. We look forward to seeing you at the Workshop. Suite 1604, 16th Floor, The Hong Kong Club Bldg., 3A Chater Road, Central, Hong Kong Tel: (852) 2521 2543 Fax: (852) 2869 4800 E-mail: info@hksfa.org URL: http://www.hksfa.org A MEMBER SOCIETY OF CFA INSTITUTE