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  1. Executive Summary 2. Business Overview, Corporate Governance, and ESR & DEIB 3. Economy & Industry Overview and Competitive Positioning. 4. Investment Summary & Valuation 5. Financial Analysis 6. Investment Risks 7. Appendices Excel Requirements Forecasted Financial Statements (B/S, I/S, CF/S, including at least five past years and at least five forecasted years) 2. Valuation (DCF) model with assumption tables 3. Cost of Capital (Discount rates) with assumption tables 4. Multiple (Relative methods) tables 5. Main financial ratios 6. Other working evidence to support the Word part

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