A UGM student team named ‘Pairgrowth Team’ won first place in the Capital Market Inclusion Competition at the 2024 Jambi Financial Inclusion Festival, held from Sept. 23 to Nov. 16, 2024, at Universitas Jambi.
The Pairgrowth Team consists of Ali Alexander (2021, Management, FEB UGM) and Elsa Firlyani (2021, Property Valuation Management, SV UGM).
The team was mentored by Dr. Eddy Junarsin, who served as their advisor. They triumphed over 34 other teams from various universities across Indonesia.
The Capital Market Study Group of Universitas Jambi conducted the competition online.
Alexander explained that the Pairgrowth team’s initial stage in this competition was to produce an equity research paper.
All teams in this stage were required to conduct a comprehensive analysis, covering macroeconomic aspects, industry, business profiles, business processes, financials, valuation, and risks related to the analyzed company.
“We and almost all the participating teams were tasked with analyzing PT Bank Mandiri, which was facing macroeconomic turbulence, making growth difficult, and we were also given the added challenge of addressing public skepticism toward BMRI stocks,” he said at the UGM campus, Friday, Jan. 3, 2025.
He revealed that PT Bank Mandiri, operating in the banking sector, differs from non-financial companies that have specific financial templates.
This condition posed a challenge in creating the valuation.
“However, since I am already accustomed to calculating banking valuations, I was able to complete it quickly and accurately,” he stated.
Amid the delight of the victory, Alexander and his teammate acknowledged that time management was a challenge during the competition.
While competing, Alexander also interned at PT Nestlé Indonesia. Thus, he had to manage his time between the internship and the competition.
Meanwhile, his teammate Elsa Firlyani was participating in a student exchange program abroad, which required her to adapt to the time zone differences.
“Despite the many challenges, we ultimately succeeded in winning and bringing glory to FEB UGM and UGM at the national level,” he concluded.
Reporters: FEB UGM/Orie Priscylla Mapeda Lumalan & Kurnia Ekaptiningrum
Author: Agung Nugroho
Post-editor: Lintang Andwyna Nurseisa Azrien