Challenge’s mobile trading and predictive data analytics promote faster and smarter stock trading
Jakarta: Team “Management” from Universitas Gadjah Mada (Indonesia) has won the title of Regional Champion of the CIMB ASEAN Stock Challenge 2.0 (ASC 2.0), winning US$12,000 cash and a study trip to the Tokyo Stock Exchange. The Challenge, now in its eighth year, has been rebranded as ASC 2.0, and introduced two new features - mobile stock trading, and predictive analytics – to test the participants’ analytical skills and use of contemporary digital tools for faster and smarter stock selection.
Team “Management” topped the list of 3,727 undergraduate teams from 200 universities across six ASEAN countries, an increase of 7% compared to the last edition. Trading used virtual cash in real-time on the five major stock exchanges of the region: Bursa Malaysia, Indonesia Stock Exchange (IDX), Singapore Exchange (SGX), Stock Exchange of Thailand (SET) and Hong Kong Stock Exchange (HKEX). At the Grand Finale, the six regional finalist teams presented their respective trading strategies to a panel of judges, highlighting the competition’s emphasis on strategic planning and investing based on a long-term view and strong fundamentals.
Team “Litquidity Capital” from National University of Singapore was announced as First Runner-Up, taking home a cash prize of US$8,000. Team “The Brilliant” from The University of Cambodia was Second Runner-Up, walking away with US$5,000 while Team “TA” from Management & Science University (Malaysia), Team “Ray Kim” from Chiang Mai University (Thailand) and Team “HIO” from Brunei Polytechnic came in as Third, Fourth and Fifth Runners-Up, presented with cash prizes of US$2,500, US$1,500 and US$800 respectively.
Group Chief People Officer, CIMB Group, Dato’ Hamidah Naziadin said, “As a leading ASEAN universal bank, CIMB’s responsibility towards the growth of the region extends to the development of youth and talent across this economic bloc. The ASC 2.0 is also our way of raising youth awareness on ASEAN’s potential in fuelling Asia’s strong predicted growth, and on how digitalisation – in this case stock-trading – virtually eliminates borders to present vast, untapped opportunities. ASC 2.0’s adoption of mobile trading and predictive data analytics in a cross-border trading environment also reflects how the Challenge has matured and evolved, to provide a valuable real-life trading experience for students.”
The Challenge has come a long way since its first edition back in 2010, when it was open to just Malaysian teams who traded only Malaysian stocks. In this eighth edition, Brunei came on board for the first time, joining undergraduates from Malaysia, Indonesia, Singapore, Thailand and Cambodia.
In November 2017, six National Champions were announced in the six respective ASEAN countries where the Challenge was held. The winners were selected following a three-week contest where the top three teams in each of the six countries were chosen 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. This judging strategy highlights the Challenge’s focus on picking stocks for long-term profit and capital appreciation versus short-term gains.
At the Grand Finale, the six National Champions presented their trading strategies that were applied throughout the competition to a distinguished panel of judges comprising members of CIMB management from Malaysia, Singapore, Thailand, and Indonesia, as well as a guest judge from IDX. Students were assessed based on their short-term and long-term investment strategies, stock picking and investment decision-making abilities, as well as their skills in using predictive analytics.
Tigor M. Siahaan, President Director, CIMB Niaga gave away the prizes for the ASC 2.0 at a prize-giving ceremony held at CIMB Niaga. He was joined by Yusrizal Yousuf, Regional Manager, South East Asia, Malaysia Airlines Berhad; Lim Kim Siah, Head of Equities, PT CIMB Securities Indonesia; Dr Arham Abdullah, Director, Industry Relations Division, Ministry of Higher Education Malaysia, and Paul Treston Taylor, CEO of Progresif Cellular Sdn Bhd, Brunei.
The panel of judges consisted of Alan Inn, Managing Director, Regional Retail Broking, CIMB Investment Bank Malaysia; Richard Bururu, Head of Decision Management, CIMB Bank Malaysia; Song Seng Wun, Regional Economist, Group Private Banking, CIMB Bank Singapore; Kasem Prunratanamala, Head of Research, CIMB Securities Thailand; Sugiharto Widjaja, Director, Retail Equities, CIMB Securities Indonesia and Nicky Hogan, Director of Business Development, IDX.
The CIMB ASEAN Stock Challenge partners include
- Malaysia Airlines Berhad: The Challenge’s Official Airlines for three consecutive years.
- The Ministry of Higher Education Malaysia: ASC’s partner for two consecutive years
- Progresif Cellular: ASC’s new telecommunication partner from Brunei offering free data plan for the whole month during the trading period for participants in Brunei.
- The regional exchanges of Bursa Malaysia, Indonesia Stock Exchange (IDX), Singapore Exchange (SGX), Stock Exchange of Thailand (SET) and Hong Kong Stock Exchange (HKEX).
More information about the CIMB ASEAN Stock Challenge 2.0 can be found at https://stockchallenge.itradecimb.com/