AmInvestment Bank’s mentees in top positions at Inter-Varsity Stock Challenge 2019

The teams were put to the challenge of achieving the highest returns with a virtual initial investment capital of RM100,000

By TMR

AMINVESTMENT Bank Bhd’s mentees from Taylor’s University were the champion (winning the grand prize of RM30,000) and the 1st runner-up (prize money of RM20,000) at the Inter- Varsity Stock Challenge 2019 (IVSC).

The IVSC was a three-month long interactive stock trading competition for local university students.

The competition was jointly organised by N2N Connect Bhd, an integrated e-commerce securities trading solutions provider, with the support of AmInvestment Bank and three other securities firms.

AmInvestment Bank executive VP and head of equity markets Gan Kim Khoon congratulated both teams for clinching the Top 2 placings in the stock challenge.

“We are delighted to have played a major role in their winning performances and hope that the invaluable experience gained by all the participating teams in this competition will give them a strong foundation in share investments,” Gan added.

AmInvestment Bank CEO Seohan Soo commented: “This IVSC is a good platform to raise awareness of stock market investing and promote financial literacy among millennials who are the next generation of investors.

“We hope to continue to be part of such event in the future.”

A total of 787 teams from Universiti Tunku Abdul Rahman, Multimedia University and Taylor’s University participated in the IVSC.

The teams were put to the challenge of achieving the highest returns from investments with a virtual initial investment capital of RM100,000 each.

Apart from demonstrating the ability to maximise investment returns, they were also required to demonstrate a sound understanding of investment principles and strategies.

AmInvestment Bank took the initiative to organise an industry mentorship with a total of six workshops, led by head of retail research Joseph Chai Lipe Tatt.

The success of the top two winning teams can be attributed to Chai as he took these students under his wing and provided both guidance and feedback throughout the competition.

“The event was an excellent opportunity to introduce the stock market industry, especially Bursa Malaysia Bhd and how stock trading works, to the students. Not only were they hardworking, the students showed off their creativity in the game by unleashing their potential in stock trading, albeit in a virtual environment.

“It was exciting to witness the students’ growth in different ways and how they executed various strategies in order to win the competition. The final results showed that they had exceeded all expectations and I believe that we should introduce this competition in more universities as it would allow students to learn and practise in a risk-free environment, providing an avenue to nurture their interest and develop their talent in stock trading,” he said.