TEAMS FROM TAYLOR'S UNIVERSITY MENTORED BY AMINVESTMENT BANK BERHAD SECURED TOP 2 POSITIONS IN THE INTER-VARSITY STOCK CHALLENGE 2019

KUALA LUMPUR, Aug 15 (Bernama) -- AmInvestment Bank Berhad (“AmInvestment Bank”) is pleased that its mentees from Taylor’s University were the Champion (winning the grand prize of RM 30,000) as well as the 1st Runner-Up (prize money of RM 20,000) at the Inter-Varsity Stock Challenge 2019 (“IVSC”).  The IVSC is a three-month long interactive stock trading competition for local university students. The competition was jointly organised by N2N, an integrated e-commerce securities trading solutions provider, with the support of AmInvestment Bank and three other securities firms. “Congratulations to both teams for clinching the Top 2 placings in the Stock Challenge.  We are delighted to have played a major role in their winning performance and hope that the invaluable experience gained by all the participating teams in this competition will give them a strong foundation in share investments”, said Gan Kim Khoon, Executive Vice President, Head of Equity Markets, AmInvestment Bank Berhad. Seohan Soo, Chief Executive Officer, AmInvestment Bank Berhad commented, “This Inter-Varsity Stock Challenge is a good platform to raise awareness of stock market investing and promote financial literacy amongst millennials who are the next generation of investors. We hope to continue to be part of such events in the future.” A total of 787 teams from Universiti Tunku Abdul Rahman, Multimedia University and Taylor’s University participated in the Inter-Varsity Stock Challenge. 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 organize an industry mentorship with a total of six workshops, led by our Joseph Chai Lipe Tatt, Head of Retail Research, AmInvestment Bank Berhad.  The success of the top two winning teams can be attributed to Joseph Chai as he took these students under his wings and provided both guidance and feedback throughout the competition. “The event was an excellent opportunity to introduce the stock market industry, especially Bursa Malaysia and how stock trading works, to 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 have exceeded all expectations and I believe that we should introduce this competition in more universities as it would allow students to learn and practice in a risk-free environment, providing an avenue to nurture their interest and develop their talent in stock trading,” said Joseph Chai.   About AmBank Group AmBank Group is a leading financial services group with over 40 years of expertise in supporting the economic development of Malaysia. We have over three million customers and employ over 9,000 people. The Group was listed on the Main Market of Bursa Malaysia in 1988. It is the sixth-largest banking group by assets in Malaysia, with a market capitalisation of around RM13.7 billion and assets of RM158.8 billion as at 31 March 2019. AmBank Group serves over three million individual and corporate customers. It provides services in wholesale banking, retail banking, business banking, investment banking and related financial services which include Islamic banking, underwriting of general insurance, stock and share broking, futures broking, investment advisory and management services in assets, real estate investment trust and unit trusts. For more information, please visit www.ambankgroup.com    Source: AmBank Group