CIMB ASEAN Stock Challenge 2015 Prizes To Include A Trip to The London Stock Exchange and Cash Prizes Worth US$38,000!
10 September 2015
Contestants can now trade on Hong Kong Stock Exchange, in addition to the main exchanges of Malaysia, Indonesia, Singapore and Thailand
[KUALA LUMPUR]: The CIMB ASEAN Stock Challenge returns for its sixth year, this time giving participating teams a chance to win an educational trip to the London Stock Exchange on top of cash prizes worth US$38,000. The competition is open to undergraduates from five ASEAN countries: Malaysia, Indonesia, Singapore, Thailand and Cambodia and registration opens on 14 September 2015. This year, CIMB has also expanded the scope of the competition, allowing participants to also trade on the Hong Kong Stock Exchange (HKEx), in addition to the four existing key ASEAN stock exchanges, namely Bursa Malaysia, Indonesia Stock Exchange (IDX), Singapore Exchange (SGX) and Stock Exchange of Thailand (SET). The winning team’s trip to London will be on board Malaysia Airlines (MAS), the official airline partner. TalentCorp Malaysia is partnering CIMB for the third year as part of its national talent development agenda.
The competition will commence at the start of trading hours on 5 October 2015 and conclude at the end of trading hours on 23 October 2015. Armed with an initial US$80,000 in virtual startup capital, teams will take each other on in a fully simulated online trading environment as they invest in real-time across the five main stock exchanges with the objective of attaining the highest Net Realised Percentage*.
For the National Round, the top three teams from each country will be awarded with cash prizes of US$800, US$500 and US$400 respectively and would be required to submit their trading strategy paper for evaluation. One team from each country will then be selected to progress to the Grand Finale at Bursa Malaysia, Kuala Lumpur on 7 December 2015. The selection will be based on the application and performance of the teams’ strategies during the competition.
To determine the Champion team who will be the recipient of the top prize of US$12,000 and an educational trip to the London Stock Exchange, a distinguished panel of judges will evaluate the trading strategies applied throughout the competition period presented by the five finalist teams from Malaysia, Indonesia, Singapore, Thailand and Cambodia. The runners-up will be awarded with cash prizes of US$8,000, US$5,000, US$3,000 and US$1,500 respectively.
Hamidah Naziadin, Group Chief People Officer, CIMB Group added, “We would like our leaders of tomorrow to appreciate that ASEAN is an economic community rich with opportunities. The CIMB ASEAN Stock Challenge provides university students in five ASEAN countries the opportunity to test out real-time trading on multiple stock exchanges. This year, we are adding on HKEx, Asia's third largest stock exchange, to our four exchanges, to allow participating teams to trade on a non-ASEAN exchange for the first time. The prize for the top team this year includes a visit to the London Stock Exchange, with Malaysia Airlines as our official airline. CIMB is bringing the challenge to a new level."
Since its debut in 2010, the annual challenge has grown in popularity among students in the region, with a record-high participation of 1,395 teams last year. The challenge is the world’s only cross-border simulation trading platform for stocks traded on the main bourses of Malaysia, Singapore, Thailand, Indonesia and Hong Kong. As added incentive, all Grand Finale and top ten National Round teams will receive Certificates of Achievement, and have the opportunity to pursue internships with CIMB Group.
Teams can register online at https://stockchallenge.itradecimb.com from 14 September to 25 September 2015. Extra virtual capital of US$20,000 will be awarded to teams registered from 14 September to 18 September 2015. Participation is free of charge.
*Net Realised Percentage refers to the total profit percentage made by the team from their stock transactions. Any stocks that are not realised at the end of the trading period will be automatically liquidated.
Example: Team starts with a total virtual capital of US$80,000 and ends the competition with US$200,000. The Net Realised Percentage is calculated to be 150% [(200,000 – 80,000)/80,000].
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