LABUAN FACULTY OF INTERNATINAL STUDENTS WON 11th & 23rd PLACE in CIMB ASEAN STOCK CHALLENGE 2017
Monday, November 27, 2017 - CIMB ASEAN stock Challenge National Level Award Presentation was held on 21 November 2017 at Menara CIMB, Kuala Lumpur. As the top 40 Malaysia team, Labuan Faculty of International Finance students’ have been invited to attend the National Level Award Ceremony to received certificates of achievement. Team “BadGenius” consisting of Ma Terence and Ho Kai Wen and team “EenieMeanie” consisting of Yeap Chi Hau, Tan Sheng Ying and Lee Jia Jian was ranked 11th and 23rd place in Malaysia based on the Percentage Gain achieved.
CIMB Investment Bank has organized the CIMB ASEAN Stock Challenge from 9th to 27th October 2016. The regional stock trading competition is open to undergraduates in Malaysia, Indonesia, Singapore, Thailand, Cambodia and Brunei where trading uses virtual cash in real-time on the five major stock exchanges of the region: Bursa Malaysia, Indonesia Stock Exchange (SET), Singapore Exchange (SGX), Stock Exchange of Thailand (SET) and Hong Kong Stock Exchange (HKEx). This is the eighth edition of the Challenge since its inception in 2010. The winners were selected based on following the three-week contest period where top three 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. Therefore, 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.
Team BadGenius: Ho Kai Wen (left), Ma Terence (right)
Team EenieMeanie: Tan Sheng Yin(left), Yeap Chi Hau(right)