KUALA LUMPUR (Sep 18): CIMB Group Holdings Bhd (CIMB Group) will award a total of US$40,000 in prize money to the winners of the National and Regional Rounds of the CIMB ASEAN Stock Challenge while the regional champion will also be awarded a study trip to the Tokyo Stock Exchange in Japan.
The competition is back for the eight year for undergraduate teams from Malaysia, Indonesia, Singapore, Thailand, Cambodia and Brunei, which is a new country added for this year according to a press release today.
“The competition would challenge students to demonstrate their investment and analytical skills by trading with US$80,000 of virtual start-up capital across five major stock exchanges in the region such as Bursa Malaysia, Indonesia Stock Exchange, Singapore Exchange, the Stock Exchange of Thailand and the Hong Kong Stock Exchange,” it said.
The regional champion will be crowned at the Grand Finale, to be held at the Indonesia Stock Exchange in Jakarta.
During the National Round, the student teams compete to be ranked the top three teams in their home country based on the highest percentage gain on their investments during the trading period between Oct 9 and 27. These top teams will then be judged based on their strategy papers, with the best team crowned National Champion for their country.
In the national round, the champion will walk away with US$800 while the first runner-up and second runner-up will be awarded US$500 and US$400 respectively. The National Champions from the six countries will then present their trading strategy at the Grand Finale to vie for the overall Regional Champion title.
The judging will evaluate their long-term investment strategy and on-the-spot investment decision-making. The use of predictive analytics tools will have sharpened the students’ abilities to forecast share price movements and predict stock market performances based on current and historical data.
The Regional Champion will walk away with US$12,000 while the First Runner-up will win US$8,000, Second Runner-up US$5,000, Third Runner-up US$2,500, Fourth Runner-up US$1,500 and Fifth Runner-up US$800.
“CIMB continues to place the highest emphasis on developing youth across ASEAN, as seen in our human resource initiatives, which includes the CIMB ASEAN Stock Challenge. This time, we have added new features like mobile trading and the use of predictive data analytics to up the ante for the Challenge — an apt reflection of CIMB’s embracing of the digital revolution. These new features are also in recognition of the need for today’s graduates to develop a digital-ready skillset for the working world, and this Challenge would be a good way to contribute to that skillset.
“We are also pleased to welcome undergraduates from Brunei who are keen to be part of the competition,” Datuk Hamidah Naziadin, Group Chief People Officer, CIMB Group said.
Partners for the CIMB ASEAN Stock Challenge 2017 include Malaysia’s Ministry of Higher Education (MoHE), Malaysia Airlines Berhad, Progresif Cellular (Brunei), Bursa Malaysia, Singapore Exchange, Indonesia Stock Exchange, The Stock Exchange of Thailand and The Stock Exchange of Hong Kong.