STUDENT WINS A VOLKSWAGEN BEETLE IN THE KENTRADE TRADING CHALLENGE BY KENANGA

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Share Trading Challenge ends with Live! Face Off Challenge at Bursa Malaysia

 

(L – R) Datuk Chay Wai Leong, Group Managing Director, Kenanga Group; Ms Alice Wong, PR Manager, Volkswagen Malaysia; Mr Sim Yu Chin, winner of the KenTrade Trading Challenge II; Ms Ong Li Lee, Director of Securities Market, Bursa Malaysia and Mr Lee Kok Khee, Executive Director & Head of Equity Broking, Kenanga Investment Bank.

(L – R) Datuk Chay Wai Leong, Group Managing Director, Kenanga Group; Ms Alice Wong, PR Manager, Volkswagen Malaysia; Mr Sim Yu Chin, winner of the KenTrade Trading Challenge II; Ms Ong Li Lee, Director of Securities Market, Bursa Malaysia and Mr Lee Kok Khee, Executive Director & Head of Equity Broking, Kenanga Investment Bank.

KUALA LUMPUR, 9 NOVEMBER 2015: Kenanga Investment Bank Berhad (“Kenanga Investment Bank”) completed its KenTrade Trading Challenge II (“KenTrade Trading Challenge”) today after hosting an intensive four hour Face Off Challenge at the Bursa Malaysia Listing Gallery.

Mr Sim Yu Chin (19), from the student category was announced the grand winner of the Face Off Challenge winning a brand new Volkswagen Beetle 1.2 TSI worth RM135,888.00, sponsored by Volkswagen Malaysia. Supported by Bursa Malaysia Berhad (“Bursa Malaysia or the Exchange”), the KenTrade Trading Challenge was designed to simulate real life trading and was based on real time market data from the local bourse. It was initiated via Kenanga Investment Bank’s online trading portal KenTrade in efforts to continuously create awareness and education on share trading and the market.

A repeat Challenge participant Mr Sim said. “Words can’t describe how I felt when they announced I was the winner. It took me a few seconds to convince myself that I actually won the Volkswagen Beetle. I just couldn’t believe it. In the last round, I realised that I was among the top five but knew that one wrong decision, I could be knocked off the leaderboard. I’m glad that I decided to join the KenTrade Trading Challenge as it gave me the perfect opportunity to be able to experience online trading and the opportunity to test out some of my ideas in terms of strategy. It also gave me the confidence to look into actually trading on the stock market. Thank you, Kenanga, for the experience and Volkswagen Malaysia. I’m so excited to be driving home with a Volkswagen Beetle!”

Mr Sim together with 19 other finalists from both the public and student category achieved the highest percentage portfolio growth* in the preliminary round which ran for four weeks from 1 to 30 October 2015. The Face Off Challenge saw three finalist emerge as leaderboard winners.

Ranking Name Prize
Grand Prize Mr Sim Yu Chin Volkswagen Beetle 1.2TSi (RM135,888)

1 year unlimited online trading brokerage

1 year The Star ePaper subscription

1st Runner Up Mr Lam Jun Wah RM3,000 cash in trust account

1 year unlimited online trading brokerage

1 year The Star ePaper subscription

2nd Runner Up Mr Mooi Weng Hou RM2,000 cash in trust account

1 year unlimited online trading brokerage

1 year The Star ePaper subscription

(L-R) Ms Alice Wong, PR Manager, Volkswagen Malaysia, Datuk Chay Wai Leong, Group Managing Director, Kenanga Group and winner Mr Sim Yu Chin

(L-R) Ms Alice Wong, PR Manager, Volkswagen Malaysia, Datuk Chay Wai Leong, Group Managing Director, Kenanga Group and winner Mr Sim Yu Chin

According to Datuk Chay Wai Leong, Group Managing Director of K & N Kenanga Holdings Berhad, the Trading Challenge is designed to promote online share trading on Bursa Malaysia and to demystify share trading. “The response from the public at large reaffirmed our commitment that this was the right way to create interest in share trading. Last year Kenanga received more than 12,000 entries, exceeding our initial target. This year, KenTrade Trading Challenge II received more than 18,000 entries. The return of its sponsors complemented with the introduction of three new sponsors is a testament to the KenTrade Trading Challenge’s success,” added Datuk Chay.

Dato’ Tajuddin Atan, Chief Executive Officer of Bursa Malaysia said, “My heartiest congratulations to the Kenanga Investment Bank team for another successful retail campaign. The gamification approach is one that we have applied successfully and this fact is further reinforced by the feedback the team has received. I understand that most of the players have not only learned how to trade, but are now able to read technical charts and apply trading strategies. This progress is what we need in the retail space and Bursa Malaysia congratulates the Kenanga team for creating this valuable experience that will spur investors on their trip-to-trade. Bursa Malaysia looks forward to supporting more similar campaigns.”

Mr. Armin, Managing Director, Volkswagen Malaysia said, “We would like to congratulate Mr Sim on his win today. Volkswagen Malaysia is pleased to participate in the KenTrade Challenge II for the second consecutive year and though we are not listed on the stock market in Malaysia, we can’t miss out on this opportunity to encourage youths to participate. What better prize that than our iconic Beetle which is fun, young and energetic? Just like the KenTrade Challenge. We are confident that the smooth drive and performance of the iconic Beetle will complement his/her win as he/she drives home today a winner.”

Mr Sim Yu Chin, winner of the KenTrade Trading Challenge II with his grand prize, the Volkswagen Beetle 1.2 TSI.

Mr Sim Yu Chin, winner of the KenTrade Trading Challenge II with his grand prize, the Volkswagen Beetle 1.2 TSI.

The original Beetle was first unveiled here in Malaysia in the 1950s, quickly becoming a cult favourite and an icon. Today, after more than half a century of bringing happiness and creating memories for Malaysians, the Beetle has evolved to suit modern needs but still remains an icon of popular culture among the people.

The Beetle comes with a 1.2l TSI direct petrol injection turbocharged engine which gives excellent acceleration performance yet still has remarkable fuel consumption with 5.9 litres/100km (or 16.9km/litre) on the combined cycle. As with all Volkswagen vehicles, driver and passenger safety is always a priority with a host of uncompromising safety features, resulting in the Beetle receiving the highest possible Euro NCAP 5-star rating.

During the prize presentation, 24 participants from the weekly challenge were also awarded with prizes ranging from electronic devices – Fitbit Charges (1st place) and Western Digital Passport Ultra hard disks (2nd Place) to cash vouchers (3rd place) courtesy of RadioShack Malaysia and KenWealth respectively, who are new sponsors to this year’s line-up. The weekly prize winners were determined based on the percentage portfolio growth* for the week.

KenTrade by Kenanga Investment Bank is a trading portal for clients to buy and sell equity shares online. The portal enables users to make informed investment decisions for online trading through customised viewing based on preference, fundamental financial data, charting tools, account management, market data and also research reports.

For more information on trading online with Kenanga, please visit www.KenTrade.com.my.

* Growth is defined as profit, unrealized profit and cash balance.

VOLKSWAGEN

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