Haycarb PLC - subject company for the local competition of the CFA Institute Research Challenge

CFA Society Sri Lanka announced that the subject company for its 15th annual Research Challenge will be Haycarb PLC. The Research Challenge is an annual educational initiative designed to promote best and ethical practices in equity research to students from universities worldwide through hands-on mentoring and intensive training. Last year, more than 5,000 students from over 900 universities in 91 countries participated in local challenges, leading to the regional and global competitions hosted by CFA Institute. This year the Global Final will be held in New York City on 17th May 2022, CFA Society Sri Lanka said in a media release.

Commenting on the CFA Institute Research Challenge, Rajitha Kariyasawan, Managing Director of Haycarb PLC said that “we were very pleased to participate as the subject company of this global competition organised by CFA Institute and CFA Society Sri Lanka, and to support this annual educational initiative designed to promote best and ethical practices in equity research. We wish all the teams all the very best in this competition”.

Haycarb PLC is a leading manufacturer and marketeer of coconut shell activated carbon.

According to the global CFA Institute, “each CFA Institute Research Challenge team analyses a public company, writes a report that is reviewed and judged by CFA charterholders, and presents its analysis to a panel of local investment professionals. Companies that make their senior management available for questions and research gain unbiased research and recommendations from student teams”.