19 year old Mr. Sim Yu Chin drove away with a brand new Volkswagen Beetle 1.2 TSI. The student, won the KenTrade Trading Challenge II after wining the final round of the challenge - a four hour Face Off Challenge at the Bursa Malaysia Listing Gallery today.
Imagine that. Sign up for the challenge, participate, be given RM1,000,000 in virtual money (i.e not real currency), play or trade a bit, then make sure you actually profit instead of lose money (He made over RM107,000 within the short period of time) and then someone gives you a RM135,888 car to take home. Life couldn't be better. But technically it could. As the car given is one of those never outdated, iconic type of cars like the Volkswagen Beetle. How lucky can you get?
Anyway, money makes money. In this case, virtual money makes a student win a Beetle. Next year I wanna participate. But with my luck.....
(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.
PRESS RELEASE
Student Wins A Volkswagen Beetle In The KenTrade Trading Challenge By Kenanga
Share Trading Challenge ends with Live! Face Off Challenge at Bursa Malaysia
(L-R) Ms Alice Wong, PR Manager, Volkswagen Malaysia, Datuk Chay Wai Leong, Group Managing Director, Kenanga Group and winner Mr Sim Yu Chin
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:
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
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.”
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
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
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.
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