1. PROJECT #1: Retail Industry Company Comparable & DCF Analysis -- Brandon Ngiam Tina Chen Non-Quantitative Projects

2. Project Analysis Target - Target

3. Select the Universe of Comparable CompaniesLocate the Necessary Financial InformationSpread Key Statistics, Ratios, and Trading MultiplesBenchmark the Comparable CompaniesDetermine Valuation Evaluation Method 1 – Company Comparables

5. Evaluation Method – Discounted Cash Flow Analysis Study the Target and Determine Key Performance Drivers Project Free Cash FlowCalculate Weighted Average Cost of CapitalDetermine Terminal Value Calculate Present Value and Determine Valuation

6. DCF Analysis Template

7. What can we Learn from this Project? Apprehend history and major events Dive in retail industry and learn key techniques of M&A in the industry and be prepared with knowledge for future analysis in other industries Equip project analysts with valuation techniques

8. PROJECT #2: Delta

9. Project Delta What is Project Delta? – A project to promote general but comprehensive understanding of options, its trading strategies, and valuation model. – A strong starting point for those desiring to learn more about financial derivatives. Why Project Delta? – It is a good preparation for… various careers in finance. more specifically, finance, mathematical finance classes, even job interviews.

10. Goals Gain a deeper insight into one of the most widely used derivatives. Get familiar with various useful trading strategies. Learn about valuation model and its different applications in a trader’s perspective. Apply what have been learned to solve real problems. Develop logical skills and tools for students in finance.

11. Tentative Weekly Agenda Week 1: Definition of option & Types & Variations – Mechanisms; Call/Put; Styles; Assets Week 2-4: Option Trading Strategies – Week 2: Spreads – Week 3-4: Combinations, Hedging Week 5-6: Application of Strategies – Week 5: Solving real cases, interview questions – Week 6: Applying strategies to hypothetical situations Week 7-9: Black-Scholes – Week 7-8: Understand the mechanism & Greeks – Week 8: Applying Black-Scholes – Week 9: Develop the model w.r.t. implied volatility