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UM, UTAR and Taylors University represents Malaysia at the CIMB ASEAN Youth Stock Challenge 2012
09 October 2012

Kuala Lumpur: In the first-of-its-kind virtual stock trading competition that provides a platform for its participants to trade in four major stock exchanges in ASEAN, the teams from Universiti Malaya (UM), Universiti Tuanku Abdul Rahman (UTAR) and Taylors University have outplayed their peers from Malaysia and are now in the forerunning of the CIMB ASEAN Youth Stock Challenge 2012.

Along with the top three teams from Singapore, Indonesia and Thailand respectively, the participants will now have to go on to prove that they deserve the sole spot of representing their home country in competing against the top team from each of the other countries. Progressing from the National Round to the Grand Finale, the eventual four finalist teams will be yet another step closer to clinching the coveted title of the CIMB ASEAN Youth Stock Challenge 2012 Champion and the prize of USD10,000 cash.

Organised by CIMB Group and open to a total of 45 universities in Malaysia, Indonesia, Singapore and Thailand, this year’s Challenge witnessed a record participation from 280 teams - each made up of two to four members aged between 18 and 29.

A first in ASEAN, this regional Challenge allows participants to trade in Bursa Malaysia, Indonesia Stock Exchange, Singapore Exchange and The Stock Exchange of Thailand via a single virtual trading platform - https://youthstockchallenge.itradecimb.com, thereby enabling these young traders to get a real-life experience of cross-border trading.

Into its third year, the Challenge which took place from 17 September to 5 October 2012 saw participants pitting their wits and skills against each other in the hope of achieving the highest Net Realised Percentage* from their stock transactions executed over a 3-week period. With a virtual start-up capital of USD80,000, the Challenge aptly put the participants’ knowledge to the test in terms of how they would interpret and analyse real information from the stock markets and research materials furnished by CIMB Group to aid their decision-making process when carrying out the stock transactions.

“Recognising that these undergraduates are ASEAN’s next generation leaders, CIMB Group constantly looks for avenues to engage them and help uncover their passion even at a young age. With the CIMB ASEAN Youth Stock Challenge 2012 being extended regionally, we hope to cement our ongoing commitment to develop ASEAN’s talent to greater heights”, says Hamidah Naziadin, Head of Group Corporate Resources of CIMB Group.

With the unveiling of the shortlist of each country’s top three teams today, the participants will now proceed to submit a paper to explain the investment/trading strategies devised and adopted by the team during the Challenge. On 29 October 2012, the team with the most convincing strategy from each country will be announced. They will then go on to gather in Singapore to present their strategies to a panel of judges comprising of CIMB Group’s senior management and a representative from the Singapore Exchange on 10 November 2012. During the Grand Finale, the presentations will be judged according to the following criteria:

- Trading/Investment Strategy 50%
- Total Net Realised Value  30%
- Presentation Skills   10%
- Questions and Answers  10%

Besides the Champion team, the other runner-ups in the Grand Finale and National Round will also walk away with cash prizes ranging from USD200 to USD5,000. In addition, members of the shortlist teams from the National Round will also get the opportunity to intern for the CIMB Group, subject to them meeting the internship criteria.

For more information on the CIMB ASEAN Youth Stock Challenge 2012, please visit https://youthstockchallenge.itradecimb.com.  

* Example: If the teams starts with a total virtual capital of USD80,000 and ends the competition with USD200,000, the Net Realised Percentage will be 150% [based on the calculation of (200,000 – 80,000) / 80,000].