Research and pitch an AI or semiconductor stock. Open to undergraduates across Singapore.
Registration closes Sun, 11 Oct, 11:59PM
Choose one publicly traded company and recommend a long or short position with an investment horizon of up to one year. Show what the market is missing, and why the share price will move towards your view.
The greatest potential for share price appreciation within your investment horizon.
Overbought for fundamental, not macro, reasons.
Sign up as a team of 1 to 4
Late registrations are not accepted
Report, appendix and Excel model due
The top 6 teams advance
Pitch deck due
Finalists pitch live at NTU
Publicly available information onlyNo team member names in submissionsOne submission per teamNo late submissions
Preliminary reports are scored on six areas, with investment theses carrying the most weight, so lead with your variant view. Finalists then pitch to a judging panel from SemiAnalysis and NTU.
Your variant view, and why the market is missing it
Justified methods and assumptions that reflect your theses
Market size, value chain and competitive landscape
Business model, key drivers and financial performance
Entry price, target price, horizon and catalysts
Key risks, a quantified downside case and risk-to-reward
in cash prizes across four awards.
Potential fast track to SemiAnalysis internship and full-time roles
SemiAnalysis is an independent research firm specialising in the AI and semiconductor industries. Its research spans the full technology supply chain, from equipment, fabrication and packaging to chip design, networking, datacenters and AI infrastructure, and is used by investors, executives and engineers.
semianalysis.com ↗
Founded in 2016, Nanyang Capital is Nanyang Technological University's student-led equity research and stock pitching club. It trains members in equity research, financial modelling and stock pitching, backed by a strong alumni network across the finance industry.
Nanyang Capital on LinkedIn ↗Teams of 1 to 4 undergraduates. Every team member must be enrolled at a Singapore university (NUS, NTU, SMU, SUSS, SUTD, SIT or SIM). Teams can mix universities, but teams with members from overseas universities are not eligible.
No. Undergraduates from any year or course are welcome.
Any publicly traded company in the AI or semiconductor ecosystem with a market capitalization of at least US$500 million, listed on a U.S. or Asian stock exchange. See The pitch above for the full prompt.
No. Every team recommends either a long or a short position with an investment horizon of up to one year.
Preliminary round: an equity research report of up to 5 pages, an appendix of up to 5 pages and a three-statement Excel model, due 18 Oct at 11:59PM.
Grand Finals: a pitch deck of up to 10 slides, excluding the appendix, due 8 Nov at 11:59PM.
The full submission rules are in the guidelines (PDF).
Only publicly available information.
Yes. All members of finalist teams must attend in person at NTU on Thursday, 12 Nov.
Join our Telegram channel at nanyangcapitalspc.com/telegram for live announcements.
Go to nanyangcapitalspc.com/register. If you still have trouble, email nyc-spc@e.ntu.edu.sg.
Sign up as a team of 1 to 4 and get started.