PNBi 2nd quarter Calendar 2015 PNB Investment Institute PNB Investment Institute Sdn. Berhad (267888-U) Suite 4.8.4 PNB Darby Park, No. 10, Jalan Binjai, 50450 Kuala Lumpur Registration and enquiries: En. Alias Daud E-mail: [email protected]Tel: 03-2171 1984 En. Asraf Abdul Rahman E-mail: [email protected]Tel: 03-2171 2304 APRIL - JUNE
13
Embed
APRIL - JUNE 2015 - Permodalan Nasional Berhad · 2015 PNB Investment Institute PNB Investment Institute Sdn. Berhad ... CA, CFP. To prepare the participants the hands-on approach
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
PNBi 2nd quarter Calendar
2015PNB Investment Institute
PNB Investment Institute Sdn. Berhad (267888-U)
Suite 4.8.4 PNB Darby Park, No. 10, Jalan Binjai, 50450 Kuala Lumpur
Date & Venue 9th April 2015Training Room 1, PNB Investment Institute
SIDC-CPE 10 CPE POINTS
Objective • To apply the guiding principles in equity securities valuation. • To describe the application of equity valuation techniques.• To explain and contrast the different methods of equity valuation.• To select the appropriate equity valuation method for a given equity.• To apply basic and advanced equity valuation models.• To describe LBO modelling process
Content Overview of Valuation Modelling • Overview of Valuation Process • Overview of Valuation Model (i.e. DCF and Relative Valuation)
DCF 1: Discounted Dividend Valuation • Gordon Growth Model • Dividend Discount Model for Single Stage• Dividend Discount Model for 2- and 3-Stages • H-Model • Case Study: Discounted Dividend Valuation Model
DCF 2: Free Cash Flow Model • Dividend Discount Model vs. Free Cash Flow Model • Calculation of Free Cash Flow to Firm (FCFF) • Calculation of Free Cash Flow to Equity (FCFE) • Case Study: Calculation of FCFF and FCFE• FCFF Valuation Model• FCFE Valuation Model• Case Study: FCFF Valuation Model • Case Study: FCFE Valuation Model
Relative Valuation Model • Price Multiple (P/E, P/BV, P/S)• Enterprise Value Multiple (EV/EBITDA)• Case Study: Price Multiple Valuation • Case Study: Enterprise Value Multiple Valuation • Practical Valuation Consideration
Leveraged Buyout (LBO) • Introduction of LBO• Purchase Price Determination • Capital Structure of LBO • Internal Rate of Return (IRR) Calculation
Speaker JUSTIN ONG KHCFA, FRM, CA(M)
PROGRAMME DELISTING AND RELISTING AND IMPACT ON SHAREHOLDER’S WEALTHDate & Venue 14th April 2015
Training Room 1, PNB Investment InstituteSIDC-CPE 10 CPE POINTSObjective • Identify the pre-requisite for listing of share of exchanges and the post listing
obligations • Analyse the causes of delisting of companies• Explain the rules relating to a delisting exercise • Explain the reasons and motivation for companies to relist of delisted shares• Recognise the impact on shareholder’s value arising from delisting and relisting of s shares on the stock exchange.
Content Session 1: Going Public and Staying Afloat
• Reasons for listing and pre-requisites• What it takes staying listed?• Challenges faced by listed companies in relation to regulatory requirements• Case study: Post listing obligations of Bursa Malaysia
Session 2: Delisting of Companies
• Situations that lead to delisting of a company• How Delisting works?• Rules relating to delisting of companies• Voluntary delisting• Compulsory delisting• Grounds for compulsory delisting• Reverse book-building• Post-delisting situations• Case study: A recent case of delisting of company on Bursa Malaysia
Session 3: Relisting after Delisting
• Relisting of Delisted Shares• Motivations for relisting• Criteria for relisting after delisting• Receptions for relisted shares• Precautions for investors• Case study: A recent case of relisting of shares on Bursa Malaysia
Session 4: Issues relating to delisting/relisting of companies
• Does delisting of shares always detrimental to shareholders, causing erosion of shareholder’s value?• Impact on minority shareholders• Protection for shareholders• Exit opportunities for shareholders • Case study: Analysing the impact on shareholder’s value arising from delisting of shares
Speaker WONG LOKE LIMCA, CFP
To prepare the participants the hands-on approach on using the financial modeling features in Microsoft Office Excel to perform day-to-day functions within investment and finance function.
PROGRAMME FINANCIAL MODELING FORECASTING IN EXCELDate & Venue 6th May 2015
Training Room 1, PNB Investment InstituteSIDC-CPE 10 CPE POINTSObjective •
PROGRAMME VALUATION OF COMPANIES AND COMMON PITFALLS IN MERGERS AND ACQUISITIONSDate & Venue 15th June 2015
Training Room 1, PNB Investment InstituteSIDC-CPE 10 CPE POINTSObjective • Determine the economic, financial, and strategic impact of M&A deals
• Identify the key factors that determine the success of your M&A strategy• Estimate the value M&A transactions• Establish how due diligence should be carried out to minimize future implications• Identify crucial financing issues – valuation analysis, how synergies work, the currency used in a transaction and credit analysis of leveraged buyouts
ContentL Session 1 :Setting the Goals • Define the key steps in the M&A Process • Define Key Terms in the Merger and Acquisition Process • Identify Reasons Companies Choose to Make a Purchase or Decide to be Acquired
Seeking and Selecting the Target • Tactics to Address Acquisition Strategy • Finding the Promising Targets for M&A • Identify Ways to Evaluate the Marketplace for Ideal Prospects
Session 2: Due Diligence • Define the Phases of Due Diligence • Apply the Due Diligence Checklist
Valuation • Define Key Concepts in Valuing Potential Target Companies for M&A • Demonstrate the Application of Valuation Techniques Using the Case Study Exercise – Valuation to potential takeover target
Session 3 : Structuring M&A Deals• Describe Various Structures Possible for Mergers and Acquisitions • Identify the Impact, Advantages, and Disadvantages of the Various Forms of Deal Structuring • Financing the transaction• Other Implications When Structuring a Deal• All About Reverse Take Over and Other “ Back Door Listings”
Session 4 : Common mistakes and pitfalls to avoid• Pre-deal planning stage• Doing the deal – execution stage• Post-merger integration
Speaker WONG LOKE LIMCA, CFP
Please tick (/) Programme Date Course Fee(RM)
No of participant
VALUATION MODELLING AND ANALYSIS : DISCOUNTED CASH FLOW (DCF), EARNINGS MULTIPLES AND LEVERAGED BUYOUT (LBO)
MODELS
9 APRIL 1,060
DELISTING AND RELISTING AND IMPACT ON SHAREHOLDER’S WEALTH
14 APRIL 1,060
FINANCIAL MODELING FORECASTING IN ECXEL 6 MAY 1,060
CURRENCY MANIPULATION : GOLD, FIAT MONEY & THE MODERN INTERNATIONAL
MONETARY SYSTEM
7 MAY 1,060
BONDS, SWAP AND OTHER FIXED INCOME INSTRUMENTS
8 MAY 1,060
CORPORATE ACTION 3 JUNE 1,060
VALUATION OF COMPANIES AND COMMON PITFALLS IN MERGERS AND ACQUISITIONS
15 JUNE 1,060
PROGRAMME DETAILS
NAME (MR/MRS/MS) NRIC NO. POSITION SIDC CMSRL LICENSE NO.(IF ANY)
123456
PNBi 2nd QUARTER CALENDAR 2015 PROGRAMME REGISTRATION FORM
COMPANY: CONTACT PERSON:MAILING ADDRESS:
POSTCODE:
POSITION:
COUNTRY: EMAIL:TELEPHONE: FAX:PAYMENT DETAILSLETTER OF UNDERTAKING
CHEQUE/ DRAFT
BANK TRANSFER
NAME : COMPANY STAMP:
SIGNATURE:
*SIDC CPE – Security Industry Development Centre Continuing Professional Education.*Group discount of RM100 per participant is available for 3 or more registrations.
* Payment is due before the course commences. No refunds will be given on cancellation of registrations. Substitutes are acceptable.
Please send cheque/ letter of undertaking to:PNB INVESTMENT INSTITUTE SDN BERHAD
LOT 4.8.4 LEVEL 4, PNB DARBY PARK COMMERCIAL CENTRENO 10 JALAN BINJAI, 50450 KUALA LUMPURTel: 603 2171 1984 Fax No: 603 2166 3406
Enclosed is a Letter of Undertaking (LOU) from our company for the payment of RM ……………… for the registration of ………pax.
Enclosed is the crossed cheque / bank draft (No: ………………………) of RM (………………….) for the registration of ……. pax, payable to “PNB Investment Institute Sdn Berhad”
FINANCE / HUMAN RESOURCES/TRAINING DEPARMENT APPROVAL
Account holder: MAYBANK NO: 514057174099* Please e-mail or fax ( 03 2166 3406) us the bank-in slip / transfer confirmation together with the c completed registration form.
GST : 000529956864
CONTACT US
PNB INVESTMENT INSTITUTE SDN BHDLOT 4.8.4, LEVEL 4
PNB DARBY PARK COMMERCIAL CENTRENO. 10 JALAN BINJAI