StocksElite from HELP University beats 1200 teams to become Malaysian champions at the CIMB Asean Stock Challenge 2014

StocksElite from HELP University was recently crowned Malaysian champion at the CIMB Asean Stock Challenge 2014

(national level). It was judged as the team with the best trading strategy paper among the top three most profitable teams in Malaysia.

More than 1,200 Malaysian teams competed this year. StocksElite will now advance to compete with the national champions from four other countries for the Regional Champion title and the grand prize of US$12,000 (about RM40,000) at the Challenge’s regional grand finale.

In his speech at the award ceremony, CIMB Group chief executive Tengku Datuk Zafrul Tengku Abdul Aziz said: “We started in 2010 with only 16 Malaysian teams. Today there are almost 2,000 teams which comprised 5,500 students from 127 universities across five ASEAN countries, demonstrating their ability to trade stocks on four major ASEAN stock markets.

“I am also proud to report that Malaysian teams performed very well this year, with 13 of the top 20 teams from across the region. This year, we also extended the competition to students from Cambodia and increased the total cash prize from US$34,800 to $38,000.”

At the ceremony, CIMB Group also awarded the top 20 Malaysian teams with Certificates of Achievement, an increase from last year’s top 10 teams. This was the result of keener competition, with a 50 per cent increase in the number of registered teams, from 847 in 2013 to 1,272 this year.

The certificates were given in recognition of the students’ accomplishment and as encouragement for greater participation

in future competitions. Commenting on the response from universities, Tengku Zafrul said that the number of participating universities rose by 21 per cent to 127, allowing more institutions to be a part of this challenge.

In Malaysia, the total number of participating universities rose by 16 per cent and out of that number, public universities made up 58 per cent of the total active teams. UiTM had the most number of teams this year, with 166 teams compared to only 10 last year.

“A lecturer in UiTM Bandaraya Melaka even made this a compulsory assignment for his students,” said Tengku Zafrul. The first round of the challenge kicked off at the start of trading hours on Oct 6, with teams competing in a fully-simulated online trading environment to achieve the highest net realised percentage (NRP).

For example, a team starting with a total virtual capital of US$80,000 and ending the competition with US$200,000 will have an NRP of 150 per cent, based on the calculation of 200,000 – 80,000 / 80,000]. Each team received US$80,000 in virtual start-up capital to invest real-time in securities listed on Bursa Malaysia, the Indonesia Stock Exchange, Singapore Exchange and the Stock Exchange of Thailand.

At the end of the three-week trading period, three teams with the highest NRP from each country were then awarded with

cash prizes of US$800 for first place, US$500 for second and US$400 for third, as well as internship opportunities at CIMB.

In Malaysia, Team J.R.S. of University of Nottingham Malaysia Campus placed first with 158.1 per cent NRP, StocksElite of HELP University placed second with 129.6 per cent NPR and AIMSTUni of AIMST University placed third with 129.5 per cent NRP. The top three teams of each country then participated in the national final round, where their trading and investment strategies were evaluated to determine which team would progress to the regional grand finale.

“The CIMB Asean Stock Challenge is one example of our boldness to innovate for the better good of the communities that we serve, to nurture young talents before they even enter the workplace,” said Tengku Zafrul. “This is an avenue for students to put into practice what they have learned, to trade in real time on four stock exchanges, and have their trading strategy evaluated by professionals.

Although no real money was at risk during the simulation, there are real cash prizes, internship opportunities and certificates of achievement. “Our commitment towards talent development continues as these young talents join us as graduates and progress in their careers from our flagship Complete Banker programme and the innovative CIMB Fusion to the Global Employee Mobility scheme and the CIMBINSEAD Leadership programme.

This year, Talent Corporation again partnered with CIMB for the CIMB ASEAN Stock Challenge 2014 in Malaysia as part of its national talent development agenda.

“We truly want to enable our staff to realise their fullest potential.” Also present at the award ceremony were Minister of Youth and Sports, Khairy Jamaluddin Abu Bakar; Bursa Malaysia chief executive officer, Datuk Tajuddin Atan; Talent Corporation Malaysia Bhd chief executive officer, Johan Merican; and CIMB Group chief people officer Hamidah Naziadin.

The grand finale will be held at the Stock Exchange of Thailand (SET) in Bangkok on Jan 19 next month. The five finalist teams from Malaysia, Indonesia, Singapore, Thailand and Cambodia will present their strategies to an expert panel of judges to determine the ultimate champion of the CIMB Asean Stock Challenge 2014 and winner of the US$12,000 grand prize.

The runners-up will be awarded cash prizes of US$8,000 for second place, US$5,000 for third place, US$3,000 for fourth place and US$1,500 for fifth place.

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