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

  • Cambodia’s image problem

    In opening remarks at a recent event, Secretary of State at the Ministry of Foreign Affairs and International Cooperation Luy David said information can be a double-edged sword. He told a European Institute of Asian Studies (EIAS) briefing seminar that the media has unfairly presented

  • PM Hun Sen says dangers averted

    Delivering a campaign speech from his home via Facebook Live on Thursday, caretaker Prime Minister Hun Sen said his Cambodian People’s Party (CPP) had carried the country through danger in its latest mandate. He was specifically referring to the threat of a “colour revolution”

  • Bumpy road for local ride apps

    Ride-hailing services seem to have grown into a dominant player in the capital’s transportation sector. Relatively unknown and little used in the Kingdom at the beginning of this year, services like PassApp, Grab and ExNet are now commonplace on Phnom Penh streets. However, the

  • Hun Sen lays out party’s platform

    Caretaker Prime Minister Hun Sen on Wednesday credited liberating Cambodia from the Khmer Rouge as among the reasons why people will vote for his ruling Cambodian People Party (CPP) in the July 29 national elections. Hun Sen, who has held the reins of power in Cambodia