UBFF3283/UBFF3983 PORTFOLIO MANAGEMENT (MAY 2020)

UNIVERSITI TUNKU ABDUL RAHMAN

FACULTY OF BUSINESS AND FINANCE

ACADEMIC YEAR 2020/2021

BACHELOR OF BUSINESS ADMINISTRATION (HONS)

BACHELOR OF BUSINESS ADMINISTRATION (HONS) BANKING AND FINANCE
BACHELOR OF ECONOMICS (HONS) FINANCIAL ECONOMICS
BACHELOR OF FINANCE (HONS)

GROUP ASSIGNMENT

QUESTION 1

Objective: Construct portfolio of three stocks

Requirement: Select THREE (3) local stocks (from different industries) that are listed in
Bursa Malaysia before 2015. Selected stocks should be different from other groups.
Students are recommended to collect MONTHLY CLOSING PRICES starting from JAN
2016 until FEB 2020 for the 3 stocks selected. Members of the group are required to
carry out critical evaluation and analysis on the respective stocks and construct
portfolio.

Assignment questions:

a. Analyse the 3 selected stocks’ financial statements for the quarter / year ended
31st Dec 2019 and previous quarters if necessary. Based on insights such as
earnings, financial ratios, and etc, discuss their (1) financial strength for survival
or even growth going into the Covid19 pandemic.

Further instructions
• Workings such as computing earnings growth rate and projection of future
earnings (just as example) shown is an added advantage.
(30 marks)

b. State 3 methods for evaluating a listed company’s intrinsic value. Discuss their
strength, limitations, and the type of stocks they’re most suitable for.
(15 marks)

c. For each of the 3 selected companies, select the most suitable method
discussed in part (b) and evaluate its intrinsic value as at 28th February 2020.
State whether each of the 3 selected companies is underpriced or overpriced.
Usage of additional methods not discussed in part (b) is an added advantage. Be
creative and innovate.

(30 marks)
1
UBFF3283/UBFF3983 PORTFOLIO MANAGEMENT (MAY 2020)

QUESTION 2

Objective: Article review

d. Review 4 articles related to any topics listed below. Write a report article report
for each journal article reviewed.
i. Effective Asset Selection Techniques
ii. Quantitative Techniques for Asset Valuation / Forecasting.

(20 marks)

Examiner’s marking considerations:

i. Quality of the journal article reviewed.
ii. Student’s depth of understanding towards the topics discussed.
iii. Student’s writing and flow of thoughts.

e. Reference and format layout. (5 marks)

General requirements:

1. Students are required to form a group of maximum FIVE (5) members and
register their grouping with the tutor in-charge by Week 4. Tutor’s approval must
be obtained if there is any change in the number of students due to withdrawal
from the course.
2. Marks are given to the interpretation, analysis, flow of presentation and accuracy
of answers.
3. The report shall be in the following standard format:
• Word document
• Font: Times New Roman size 12
• Line Spacing: 1.5
• Margins: One-inch all side, and Text Justify
• Compile your appendices (graphs, charts, table, etc) in proper order
• Incorporate the Marking Allocation Sheet as the cover of your assignment
• Hand-written assignment will not be accepted.
• Include the list of the references (APA format).
4. Higher weight of the marks will be given based on depth of analysis, concrete
reasoning and arguments.
5. Deadline: 21/08/2020 by 11:59 pm (Friday of WEEK-10). All assignment
groups are required to submit their assignment to their respective tutor before the
deadline (please read Late Submission Penalty Clause in the Unit Plan).
6. Any assignment groups that are caught plagiarizing or letting part or whole of
their work to be plagiarized will be penalized, with all the groups involved be
awarded ZERO (0) mark for the assignment.
\

2
UBFF3283/UBFF3983 PORTFOLIO MANAGEMENT (MAY 2020)

UNIVERSITI TUNKU ABDUL RAHMAN

FACULTY OF BUSINESS AND FINANCE

ACADEMIC YEAR 2019/2020

BACHELOR OF BUSINESS ADMINISTRATION (HONS)

BACHELOR OF BUSINESS ADMINISTRATION (HONS) BANKING AND FINANCE
BACHELOR OF ECONOMICS (HONS) FINANCIAL ECONOMICS
BACHELOR OF FINANCE (HONS)

GROUP ASSIGNMENT

Tutorial Group:
Tutor:
Group Members:
1.
2.
3.
4.
5.

Marking Scheme of Group Assignment

Marks Marks
Question No. Assessment
Allocation Obtained
1 a Evaluation of companies financial strength 30
Discuss methods to evaluate a company’s
b 15
intrinsic value
Evaluation of selected companies’ intrinsic
c 30
value
2 a Journal articles review 20
b References 5
Total 100 100

Overall comment:

_____________________________________________________________________

Assessed by: __________________ Date : _________________

3
UBFF3283/UBFF3983 PORTFOLIO MANAGEMENT (MAY 2020)

A Simple Guide to APA Referencing

APA Referencing

The referencing format for all student assignments and research reports is
adapted from the American Psychological Association (APA) style. The following
items show how various sources of information are referenced in the
assignments or research reports.

1. Journal article with volume and issue numbers. Italicize the journal title and
volume number.
Boyle, B. A. (1997). A multi-dimensional perspective on salesperson
commitment. Journal of Business& Industrial Marketing, 12(6), 354-367.

Mowday, R. T., Steers, R. M., & Porter, L. W. (1979). The measurement of

organizational commitment. Journal of Vocational Behavior, 14, 224-227.

2. Book, two authors.

Toller, M., & Fielding, J. (1998). Global business for smaller companies. Rocklin,
CA: Prima Publishing.

3. Book, one author.

Sekaran, U. (2003). Research methods for business: A skill building approach

(4th ed.). New York: John Wiley & Sons, Inc.

4. Brochure with corporate author.

BestTemp Staffing Services. (1997). An employer’s guide to staffing services

(2nd ed.) [Brochure]. Denver: Author.

Note: when the author and publisher are identical, use the word “Author” as
the name of the publisher.

5. Brochure with a writer.

Lawrence, K. S. (1993). Guidelines for reporting and writing about people with
disabilities (4th ed.) [Brochure]. New York: Research and TrainingCenter on
Independent Living.

6. Newspaper article, one author.

Standish, E. (1999, January 19). Global market crushes OPEC’s delicate balance
of interest. Wall Street Journal, pp. A1, A3.

7. Newspaper article, no author:

4
UBFF3283/UBFF3983 PORTFOLIO MANAGEMENT (MAY 2020)

Buying Asian supplies on the net. (1997, February 12). Los Angeles Times, pp.
D3-D4.

8. Company annual report:

Mutual Bank. (1998). Annual report. Kajang, Selangor.

9. Magazine article:
Posner, M. I. (1993, October 29). Seeing the mind. Science, 262, 673-674.

10. Book, component part (Chapter in an edited book):

Kuntz, S. (1998). Moving beyond benefits. In Randolph Jacobson (Ed.), Our

changing workforce (pp. 213-227). New York: Citadel Press.

11. Edited book:

Pennathur, A., Leong, F. T., & Schuster, K. (Eds). (1998). Style and substance of
thinking. New York: Publishers Paradise.

12. Book, no author or editor:

Merriam-Webster’s collegiate dictionary (10th ed.). (1993). Springfiield, MA;

Merriam-Webster.

13. Dissertation or thesis:

Morales, G. H. (1998). The economic pressures on industrialized nations in a

global economy. (Doctoral dissertation, University of San Diego, 1998).
Dissertation Abstracts International, 52, 5436C-5437C.

Kiren, R. S. (1997). Medical advances and quality of life. Unpublished doctoral

dissertation, OmahaStateUniversity.

Almeida, D. M. (1990). Fathers’ participation in family work: Consequences for

fathers’ stress and father-child relations. Unpublished master’s thesis, University
of Victoria, Victoria, British Columbia, Canada.

14. Unpublished paper presented at a meeting or conference:

Myers, C. (1998, August). HMOs in today’s environment. Paper presented at the

Conference on Medical Insurance Solutions, Chicago, IL.

15. Proceedings published regularly:

Cynx, J., & Williams, H. (1992). Hemispheric differences in avian song

discrimination. Proceedings of theNationalAcademy of Science, 89, 1372-1375.

5
UBFF3283/UBFF3983 PORTFOLIO MANAGEMENT (MAY 2020)

16. Unpublished manuscript:

Pringle, P. S. (1991). Training and development in the ‘90s. Unpublished

manuscript, Southern Illinois University, Diamondale, IL.

17. Article from a printed magazine, reproduced online:

Norwalk, P. (1999, July 17). Training managers to help employees accept

change. Business Line. Retrieved June 17, 2001, from: http://www.busline.com/
news

Note: Do not end a path statement with a period, because any stray
punctuation in a path will hinder retrieval.

18. Article from an online magazine, no author listed:

Housing market fueled by rising consumer confidence, low rates. (2003, June
12). Builder Online. Retrieved August 11, 2004, from http://www.builder
online.com/pages/builderonline/Story.nsp?story_id
=39428052&ID=builderonline&scategory=Computers&type=news

19. Article from an online newspaper:

Zaino, J. S. (2003, June 12). Learning a little discipline. Chronicle of Higher

Education. Retrieved September 10, 2003, from http://chronicle.com/jobs/
2003/06/2003061201c.htm

20. Article from a printed journal, reproduced online:

Many articles online are the exact duplicates of their print versions. If the
electronic form is identical to the printed version, add within brackets “Electronic
version.” This allows you to omit the URL.

Bowler, D. M., & Thommen, E. (2000). Attribution of mechanical and social

causality to animated displays by children with autism [Electronic version].
Autism, 4, 147-171.

Add the URL and date of access if page numbers are not indicated. For example:

Chatterjee, S. R., & Pearson C. A. L. (2002). Trust and managerial transition:

Evidence from three small Asian economies, 9(4). Retrieved August 30, 2003,
from http://proquest.umi.com/pqdweb?did
=292172661&sid=1&Fmt =4&clientld=63520&RQT=309&VName=PQD

21. Information or article from an Web site:

6
UBFF3283/UBFF3983 PORTFOLIO MANAGEMENT (MAY 2020)

Heathfield, S. M. (2005). Leadership and sponsorship in action. Retrieved June

23, 2004, from http://humanresources.about.com/cs/managementissues/
a/walktalk_p.htm

Lowe, G. S., & Schellenberg, G. (2005). Employees’ basic value proposition:

Strong HR strategies must address work values. Retrieved March 5, 2005, from
http://www.hr.monster.com/ hrreporter/hrstrategies/

22. Information or article from an Web site with no author:

The state of employee satisfaction. (2004, January). Retrieved July 25, 2004,
from http://www.insightpulse.com/articles.cfm

Customer service culture and attitudes towards CRM in Europe. (2005, January).
Retrieved May 15, 2005, from http://www.crmguru.com/offers/papers/
salesforce_emeareport.pdf

23. Online information or article from an Web site with no author and no copyright or
publication date:

Employee satisfaction survey items – Sample job satisfaction survey questions

(n.d.). Retrieved February 17, 2005, from http://employee-satisfaction.
com/sample-survey-items.asp

Notes:

(a) The APA style recommends listing only those works actually cited in the text, so
you would not include works for background or for further reading in the
references.

(b) DO NOT number the entries in the Reference section. All entries must be made
in alphabetical order.

(c) References by the same author (or by the same two or more authors in the
same order) with the same publication year are arranged alphabetically by the
title (excluding A or The) that follows the date. Lowercase letters—a, b, c, and so
on—are placed immediately after the year, within the parentheses.

Examples of Reference Entry:

Kaufman, J. R. (2001a). Control of …

Kaufman, J. R. (2001b). The roles of …

(d) For Malay names:

i. Enter a Malay name under the first element of his/her name unless it is known
that he/she treats another element of his/her name as a surname. In that case,
7
UBFF3283/UBFF3983 PORTFOLIO MANAGEMENT (MAY 2020)

enter under the surname. For example, Sopiee is the surname and Norda is the
given name,

Sopiee, N.

ii. If an abbreviation is used for a word denoting filial relationship, i.e., b. for bin, bt.
for binti, follow the referencing style as above. For example, to reference Ali bin
Adbullah and NawahbintiAhamd,

` Adbullah, A. Ahamd, N.

iii. If a name does not have the word denoting filial relationship and you do not know
which one is the surname, enter the name as found. For example,

Ismail Hussien

iv. Ignore the given title of honor, rank, or position. For example, to reference Haji
Abdul Majid and Dato’ SopieeNorda,

Abdul Majid (If you don’t know which one is the surname.)
Sopiee, N. (If Sopiee is the surname.)

v. If the title of honor, rank, or position is hereditary, enter by the title fist and follow
by the names found. For example, Ungku, Syed, Nik, and Wan.

Ungku Abdul Aziz Enter as Ungku Abdul Aziz if there is no surname

or if you don’t know which one is the
surname.
Syed Hassan Ali Enter as Ali, S. H. if Ali is the surname.
Nik Safiah Nik Karim Enter as Nik Karim, N. S. if Nik Karim is the
surname.
Wan Ahmad Abdullah Enter as Abdullah, W. A, if Abdullah is the
surname.

(e) For Chinese names,

i. Enter the surname first. For example, Wong Mei Mei,

Wong, M. M.

ii. If a name contains both Chinese and non-Chinese given names, enter the initial
of non-Chinese given name before that of the Chinese given name. For example,
Johnny Chin Kai Wai and Thomas Lee Ah Beng,

Chin, J. K. W.
Lee, T. A. B.

(f) For Indian names,

8
UBFF3283/UBFF3983 PORTFOLIO MANAGEMENT (MAY 2020)

i. If the name appears as SubramaniamPeriasamy and Periasamy is the surname

or family, enter as follows:

Periasamy, S.

ii. If the name appears as Subramaniam P., enter the same as follows:

Subramaniam P.

iii. If the name appears as S. Periasamy, enter the same as follows:

S. Periasamy

CITATION IN THE TEXT

1. Personal communications such as interviews, telephone conversations, e-

mails, group discussion, messages from bulletin boards (electronic or white
board), letters, and memos would not be listed in the reference list at all. Such
citations would appear in the text only. Provide the date of the personal
communication as exact as possible. For example:

Increasing the role of cable companies in the industry is high on the list of the
company, Day Cable and Communications (Georgia Stainer, personal
communication, March 2, 1999).

2. When a work has more than two authors, cite all authors the first time the
reference occurs in the text. In subsequent citations, include only the surname of
the first author followed by “et al.” (insert a period after “al”) and the year. For
example,

First citation in the text:

Williams, Smith, Bradner, and Rosen (2000) found that …

Subsequent citations in the text:

According to Williams et al. (2000) …

3. For any work with no author name (such as online article, newspaper, or
magazine article, or a chapter), cite it in the text with the first two or three words
from the title and the year of publication. Use double quotation marks around the
title and capitalize the first letter of each word. For example,

… (“Buying Asian Supplies,” 1997)

4. For works with corporate authors, the names of the corporate authors are
usually spelled out each time they appear in a text citation. However, some
9
UBFF3283/UBFF3983 PORTFOLIO MANAGEMENT (MAY 2020)

corporate author names can be spelled out in full when it is first cited and then
abbreviated thereafter. For example,

Cited in full for all citations in the text:

… (University of Michigan, 2003)

First citation in the text:

… (National Institute of Mental Health [NIMH], 2001)

Subsequent text citation:

… (NIMH, 2001)

5. To cite a specific part of a source as a direct quotation, indicate the page

number of the source and abbreviate the word page (p.), in addition to the
author’s name and year. For example,

“……” (Cheek & Burn, 2004, p. 332)

6. To cite two or more works within the same parentheses,

i. If the works are of the same authors in the same order, arrange them by the year
of publication.

ii. If the works are of different authors, arrange them in alphabetical order and
separate them by semicolons. For example:

… (Edeline and Wrangler, 1995, 1998)

… (Balda, 1999; Kamar, 1996; Pepper & Jones, 2000)

7. For citation of a work discussed in a secondarysource, you would give the

secondary source in the reference list, and give a citation for the secondary
source in the text. For example, if McClelland’s work is cited in Coltheart’s study
and you did not read the work by McClelland, list the Coltheart’s reference in the
References. In the text, use such citation as:

McClelland’s study (as cited in Coltheart, 1993) suggests that …

Note: Refer to the official web site of APA for more information.

http://www.apastyle.org

10
UBFF3283/UBFF3983 PORTFOLIO MANAGEMENT (MAY 2020)

Language Explained:

CITING means formally recognizing, within your text, the resources from which
you have obtained information.

BIBIOGRAPHY is the list of sources you have used.

REFERENCE is the detailed description of the item from which you have
obtained your information and cited in the text.

11