8th PLACE in CIMB ASEAN STOCK CHALLENGE 2016
Tuesday, 22nd November 2016 - CIMB held CIMB ASEAN stock Challenge National Level Award Presentation at Menara Bumiputra Commerce, Kuala Lumpur. As the top 40 Malaysia team, we have been invited to attend the National Level Award Ceremony to received certificates of achievement. Team “Zero” consisting of Gan Jia Yee, Phan Seow Mee, and Saw Sing Ying from Universiti Malaysia Sabah, Kampus Antarabangsa Labuan was ranked 8th place in Malaysia based on the Percentage Gain achieved.
CIMB Investment Bank has organized the CIMB ASEAN Stock Challenge on 10th to 28th October 2016. The regional stock trading competition is open to undergraduates in Malaysia, Indonesia, Singapore, Thailand and Cambodia, 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 seventh 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.