Logo of Phnom Penh Post newspaper Phnom Penh Post - Trades pay off for uni students

Trades pay off for uni students

Trades pay off for uni students

Two Cambodian university students have taken second place in the finals of a regional stock trading competition.

The final of CIMB Bank’s ASEAN Stock Challenge was held at the Thailand Stock Exchange yesterday.

Team “Dark Rangers”, made up of Lymeng Chhim and Sovannarong Koek, two students from Zaman University in Phnom Penh clinched second place and walked away with an $8,000 cash prize.

“They beat teams from Singapore, Indonesia and Thailand even though it was the first time Cambodia had ever participated in the competition and despite the fact that Cambodia’s stock market is new and not very active,” Soleak Seang, spokesman for CIMB Bank in Cambodia said via email.

The CIMB ASEAN Stock Challenge is a cross-border stock trading simulation platform, which gives students the opportunity to wager pretend funds on Asean securities and financial markets.

Chhim and Koek beat 31 teams to win the Cambodia national round of the stock challenge in December. The duo turned their $80,000 of false funds into $151,000, a capital increase of 90 per cent.

MOST VIEWED

  • Ethnic group ‘disappointed’ to be denied French visas to attend court

    Eleven people at the centre of a case involving seven indigenous Bunong villages in Mondulkiri province pursuing legal action in France have expressed disappointment after the French embassy in Phnom Penh denied their visa applications to attend court. A press release said the 11 included a

  • Cambodia nabs 12th place in best retirement destinations

    Cambodia is an expatriate hotspot for those dreaming of living a more luxurious lifestyle at an affordable cost, according to International Living’s Annual Global Retirement Index 2019. For the fourth year in a row, Cambodia took the top spot in the Cost of Living category.

  • EU starts EBA withdrawal

    The EU on Monday announced that it has begun the 18-month process of withdrawing the Kingdom’s access to its preferential Everything But Arms (EBA) agreement over “a deterioration of democracy [and] respect for human rights”. However, the Garment Manufacturers Association of Cambodia (GMAC) said

  • PM: War result of foreign meddling

    Prime Minister Hun Sen said on Sunday that Cambodia’s recent history of conflict was caused by foreign interference. “The wars that happened were caused by provocation, incitement, support, smearing and interference from foreign powers, and the group of ignorant people who pushed Cambodia to