Showing analytical skills in challenge
BACK for its eighth year, the CIMB Asean Stock Challenge is for students to demonstrate their investment and analytical skills by trading with US$80,000 (RM341,600) of virtual start-up capital across five major stock exchanges in the region.
These are Bursa Malaysia, Indonesia Stock Exchange, Singapore Exchange, the Stock Exchange of Thailand and the Hong Kong Stock Exchange.
According to the CIMB Group, the challenge is open to undergraduate teams from Malaysia, Indonesia, Singapore, Thailand, Cambodia and Brunei.
The regional champion will be crowned at the Grand Finale, to be held at the Indonesia Stock Exchange in Jakarta.
A total of US$40,000 (RM170,800) in prize money will be awarded to the winners of the national and regional rounds of the competition. The regional champion team will win US$12,000 (RM51,240) and a trip to the Tokyo Stock Exchange.
CIMB Group Group Chief People Officer Datuk Hamidah Naziadin ( pic) said: “CIMB continues to place the highest emphasis on developing youth across Asean, as seen in our human resource initiatives, which includes the CIMB Asean Stock Challenge.”
“This time, we have added new features like mobile trading and the use of predictive data analytics to up the ante for the challenge – an apt reflection of CIMB’s embracing of the digital revolution.
“These new features are also in recognition of the need for today’s graduates to develop a digital-ready skillset for the working world.”
CIMB’s adoption of digital technology emphasises the importance of inculcating a wide range of skiills for a competitive edge within the business environment today. Through the challenge, CIMB also hoped to uncover the next generation of top traders who are digitally-savvy.
During the national round, the student teams compete to be ranked the top three teams in their home country based on the highest percentage gain on their investments during the trading period from Oct 9 to 27. These top teams will then be judged based on their strategy papers, with the best team crowned national champion for their country.
The national champions from the six countries will then present their trading strategy at the Grand Finale to vie for the overall regional champion title. The judging will evaluate their long-term investment strategy and on-the-spot investment decision-making. The use of predictive analytics tools will have sharpened the students’ abilities to forecast share price movements and predict stock market performances based on current and historical data.
The first, second, third, fourth and fifth runners-up will win US$8,000 (RM34,160), US$5,000 (RM21,350), US$2,500 (RM10,675), US$1,500 (RM6,405) and US$800 (RM3,416) respectively.
Partners for the CIMB Asean Stock Challenge 2017 include the Higher Education Ministry, Malaysia Airlines Berhad, Progresif Cellular (Brunei), Bursa Malaysia, Singapore Exchange, Indonesia Stock Exchange, the Stock Exchange of Thailand and the Stock Exchange of Hong Kong.
The deadline for the registration of the challenge has been extended to Oct 6.