A conference in which undergraduate students prepare and present an equity research thesis regarding a selected public company to compete for the Best Equity Research Team awards.

The main events of the Equity Research Conference of The 25th ICMSS will be held from Monday to Wednesday, 09-11th of February 2026.

Three vocational/undergraduate students of any major enrolled in university, with no prior or current experience as a full-time employee in asset management and equity research firms. Past or current interns, however, are allowed.

The paper must analyze one stock from a stocks list provided by The 25th ICMSS. The stock chosen must originate from the team’s country.

The delegates can register through the Delegates' Registration page. After filling the page with the required information.

For Indonesian teams, registration fee will be divided into two periods: Early Bird registration fee is Rp275,000.00 and Normal registration fee is Rp325,000.00. For International teams, there will be no registration fee.

Each team is required to submit an Equity Research Report detailing their recommendation to either buy, sell, or hold a company’s stock for the Qualification Round, which will be analyzed and scored by judges with capital market experience. The top 24 teams with the highest scores on their report will qualify for the Semi Final Round.

The top 24 teams that have qualified for the Semi Final Round will revise their Equity Research Report based on critics and suggestions from the Qualification Round panelists, and create a presentation on their findings and recommendations. They will then present their recommendations in front of panelists with years of experience in the capital market. The top 6 teams with the highest score will make it to the Grand Final Round.

The top 6 teams will participate in the Grand Final Round of the Equity Research Conference, in which they will present their findings and recommendations in front of heads of equity research and directors from multinational firms. The teams will only know if they've made it into the Grand Final Round right before their presentation turn.

That you have registered for a chance to join the biggest and the oldest equity research conference held by students in Indonesia, providing you access to leadership training and self-development, networking opportunities with like-minded visionary undergraduates, chances to improve your financial and research acumen through feedback from real-life capital market practitioners, and winning prizes totaling US$3,000.

We also remind you that by qualifying for our conference, it is mandatory to participate in all events of the conference.

Should you have any question or issue regarding the conference, please contact Lakhsmi at +62 853-5123-6669 (WhatsApp) or through info@icmss-febui.com!