Champs clinch spots in finals

The National Champion from Malaysia is Team “Raymond Stanley Investment Fund” from Taylor’s University, comprising Stanley Sim Yu Chin (left) and Raymond Sim Yu Xin.

The National Champion from Malaysia is Team “Raymond Stanley Investment Fund” from Taylor’s University, comprising Stanley Sim Yu Chin (left) and Raymond Sim Yu Xin.

THE CIMB Group has announced the five National Champions of the CIMB Asean Stock Challenge.

The National Champions will meet at the Grand Finale in Singapore in January 2017 to contest the Regional Champion title and a total of US$38,000 (RM170,620) in cash prizes.

The regional stock trading competition was open to undergraduates in Malaysia, Indonesia, Singapore, Thailand and Cambodia, where trading used virtual cash in real-time on the five major stock exchanges of the region: Bursa Malaysia, Indonesia Stock Exchange , Singapore Exchange, Stock Exchange of Thailand and Hong Kong Stock Exchange.

This is the seventh edition of the challenge since its inception in 2010.

The winners were selected following a three-week contest period where three top teams were chosen at country level based on the highest percentage gains. These top three teams (national winners) then submitted strategy papers and the team with the best strategy was selected as the National Champion. The National Champion for each country is not necessarily the team with the highest returns, which underscores the challenge’s focus on long-term strategy versus short-term gains.

The top three teams received US$800 (RM3,592), US$500 (RM2,245) and US$400 (RM1,796) respectively. All the participants of the winning teams would also be considered for an internship with the CIMB Group.

Team “Raymond Stanley Investment Fund” was announced as the National Champion for Malaysia at a prize-giving ceremony in Kuala Lumpur last month.

The National Champions across the region are Team “Baktiinvesta” from Universitas Islam Indonesia, Indonesia; Team “Fujok” from National University of Singapore, Singapore; Team “GNL” from Assumption University, Thailand and Team CIMB Group group chief people officer Datuk Hamidah Naziadin said: “The increasing number of participating teams in the challenge demonstrates strong support for CIMB’s continued efforts at promoting better understanding in stock analysis and trading amongst university students across Asean.”

She said the number of registered teams increased by 43% from 2,444 in 2015 to 3,489 in 2016, while the number of universities participating in the competition increased by 18% from 188 in 2015 to 222 in 2016.

“The challenge is continuously evolving, and this time the bar will be raised even higher by having each National Champion’s portfolio reviewed prior to the Grand Finale, and having the teams make an on-the-spot investment decision from five stocks based on historical data,” she said.

Hamidah said this will stretch their analytical skills based on technical and fundamental parameters.

The finalist teams will also be required to present their respective trading strategies to a panel of judges at the Grand Finale.

Apart from the US$12,000 (RM53,880) grand prize, the Regional Champion will also win a study tour of the Hong Kong Stock Exchange. The Regional Runners-Up will receive cash prizes. The winning regional teams will be announced during the Grand Finale in January 2017.

The partners of the CIMB Asean Stock Challenge partners include the Higher Education Ministry, Malaysia Airlines,  TalentCorp Malaysia and the regional exchanges of Bursa Malaysia, Indonesia Stock Exchange, Singapore Exchange, Stock Exchange of Thailand and the Hong Kong Stock Exchange.