University students win a Stock Trading Competition in CIMB ASEAN Stock Challenge 2014 contest held at the grand finale at the Stock Exchange of Thailand (SET) in Bangkok on 8th December 2014. They earn while learning. They not only support themselves for the present; but they also have brighten their future.
Team "StocksElite" of HELP University, Malaysia won the first prize of USD 12,000. Team “Dark Rangers”, consisting of Lymeng Chhim and Sovannarong Koek, two students from Zaman University in Phnom Penh won the second prize of USD $8,000.
The prize consists of cash, Certificate of Achievement as well as the opportunity to pursue internships with CIMB Group.
The Dark Rangers turned their $80,000 of virtual funds into $151,000, a capital increase of 90 per cent. They hail from Cambodia. It is the first time this country has participated in the competition and their stock market is new and not very active.
The CIMB ASEAN Stock Challenge is the only online stock trading competition on four major stock exchanges, 2014 being the 5th year, for university students in five ASEAN countries: Malaysia, Indonesia, Singapore, Thailand and Cambodia. Totally 31 teams participated.
This is a cross-border stock trading simulation platform, which gives students the opportunity to trade virtual funds on Asean securities and financial markets.
For the first round which is the National Round, the top three teams from each country will be selected and awarded with cash prizes of USD400 to USD800. They are required to submit their trading strategies for evaluation.
The best one team from each of these national groups can progress to the finals based on the application and performance of their strategies during the competition.
CIMB ASEAN Stock Challenge 2014 Grand Finale Results:
In this contest one has the the opportunity to trade virtual stock from real life companies that are listed on Stock Exchanges of Malaysia(MYX), Indonesia(IDX), Singapore (SGX) and Stock Exchange of Thailand (SET). Just like in real life, the stock prices will fluctuate depending on various internal and external factors. It is up to the contestant to develop a sound trading strategy to achieve as much profit as she can during the trading period.
"Over the years, the CIMB ASEAN Stock Trading Challenge has unearthed some of the best young investment talent and has seen strong engagement with universities across the region. Students get an unmatched "hands-on" experience and valuable exposure to cross-border, real-time trading on the bourse through this exciting simulated trading competition. Now open to teams from five ASEAN nations, the challenge continues to expand into new territories, offers bigger cash rewards and enables more youths from the region to explore their investment and trading ideas and strategies," said Hamidah Naziadin, Group Chief People Officer, CIMB Group.
Do you think you have what it takes to be the best? Do you want to participate in this Stock Trading Competition?
Use your knowledge and discover new avenues for wealth creation, beyond your home country. Check out CIMB ASEAN Stock Challenge website when registration opens in September every year.