// 難倒90% candidates嘅「Stock Pitch」必考題應該點搶分? //喺hedge fund、asset management同其他other buy-side interviews中，Stock Pitch係非常重要，除咗因為佢就係你工作嘅一部分之外，同時亦係可以令你喺interview中搶分嘅最佳方式。如果你想喺hedge fund依一行搵工，interviewer絕大多數會要求你喺interview中pitch一個，甚至多個stock㗎！如果想master your interview就記得要save低依個post，以後可以做reference呀。咩係Stock Pitch?Stock Pitch係一篇簡短嘅write-up或presentation去支持或反對投資上市公司嘅股票，當中當然要有有力嘅證據去支持啦，包括投資論點、數據、估值指標、催化劑同風險因素評估。Stock Pitch喺interviewer眼中係一個典型嘅技術性問題，可以最直接地了解canadiate嘅thought process以及佢哋評估投資機會嘅方式，從而幫助identify the best candidate。Stock Pitch面試環節分爲兩種形式：Interviewer會俾已選定嘅股票你，然後你就需要prepare再pitch俾在場嘅interviewer聽你可以自由選擇推薦一隻自己投資嘅股票。有時候，interviewer會要求你推薦兩隻股票，分別從bullish同bearish兩個方向去講。一場interview當中，Stock Pitch會佔大概15-20分鐘，當中會有5分鐘左右係個人Presentation環節，剩返嘅10-15分鐘就係Q&A環節，interviewer面試官可能會問你股票嘅basic information，同時需要你解釋商業模式、估值等問題。Stock Pitch嘅基本structureRecommendationCompany BackgroundInvestment ThesisCatalystsValuationRisk Factors and How to Mitigate Them點樣可以寫好Stock Pitch?Practice makes perfect，好似係陳詞濫調，但對寫Stock Pitch嚟講係非常之咁重要！要寫到high-quality stock pithc，你要至少寫2-3間公司去練習，再喺不過程中慢慢了解。去prepare for interview嘅話，你要prepare 2-3個idea - 至少1個Long和1個Short - 再根據需要將佢哋調整到唔同嘅基金。唔知道自己可以點摸索得好啲? 機會嚟啦飛雲! 記得唔可以錯過我哋嘅Global Markets Summer Analyst Program (4/7-26/8 ‼️ In-person)啦!同以往嘅cohort唔同，今年summer cohort嘅program duration延長到8 weeks，等你有更長時間沉浸喺the world of high finance。整個 2 個月嘅program會訓練你喺hedge fund industry需要嘅技術、技能同manner。當中你會接觸到- Research undervalued stocks and identify trading opportunities- Construct a long/short equity portfolio with constant rebalancing, hedging and scaling- Analyze market dynamics and competitive landscape of stocks under your coverage universe- Build portfolio tracker with respect to timing, weighting, and other factors過程中除咗有LBN CEO、前Goldman Sachs Executive Director Benjamin嘅親自指導，完成program仲會有Benjamin寫嘅personal reference letter添！2nd round application 24/6就deadline，錯過咗就要俾多HKD2000 program fee㗎啦！有興趣嘅同學仔快啲去bio條link報名啦！