- What is BCMA Investment Challenge 2.0?
The BCMA Investment Challenge 2.0 is a cross-border simulation stock trading platform designed to test students' market knowledge and investment strategy in a real-time environment. You can trade on three major stock exchanges, namely the Bursa Malaysia, Hong Kong Exchanges and Clearing Limited (HKEX) and Singapore Exchange (SGX). No previous experience of the stock market is necessary.
- Why should I join?
This Challenge provides you an avenue to put into practice what you have learnt or are interested in, to trade real-time on three of the major ASEAN stock exchanges. Not only will you get a taste of real -life trading environment by buying and selling shares, you will also stand to win exciting cash prizes totalling up to B$2,500, internship opportunities and a certificate of achievement.
You never know what you can accomplish until you try. So do grab this risk-free learning opportunity and act now. You've got nothing to lose!
- Who can participate?
The Challenge is open to students aged between 17 and 25 up to undergraduate levels in Brunei Fresh graduates who completed their studies in 2018 are encouraged to join this Challenge.
- Do we have to pay anything?
Absolutely not! Participating in this Challenge is free of charge. In fact, you will be given a virtual capital of USD100,000 to play this game.
- When does it start?
Registration will be open between 20 to 28 September 2018. The actual trading competition will run for 3 weeks from 1 to 19 October 2018.
- How do I join the Challenge?
Easy-peasy! Just follow the simple steps below:
- Form a team of 2 to 3 members from the SAME university.
- Go to https://bcmainvestmentchallenge.asiaebroker.com and click on the Sign Up button.
- Make sure you key-in your team members' details correctly before you click the submit button.
- I'm interested to participate but my university is not listed. What do I do?
If your university or institute of higher education is not listed, please contact BCMA.
- I am an international student, am I eligible to participate?
International students studying in Brunei are eligible to participate as long as you are aged between 17 to 25 years old.
- I am a postgraduate student, am I still eligible to participate?
The Challenge is only open to undergraduate students in order to provide the same level playing field for all participants.
- My team members and I are from different universities. Are we still eligible to participate?
To be eligible, all teams MUST consist of members from the SAME university. Teams will be disqualified if the members are found to be from different universities.
- I participated in the BCMA Investment Challenge and/or the CIMB ASEAN Stock Challenge 2.0 competition last year. Can I participate again this year?
Yes, you can. All current students of universities and institutes of higher education in Brunei are encouraged to participate in this year's competition.
- Can I join more than one team?
Students can only join one team. Participants who breach this condition will automatically be disqualified from the Challenge.
- Are there any tutorials for a first timer?
Yes, we have an Online Trading Platform Userguide to help you familiarise with the system.
- Can everyone in the team trade?
Only the Team Leader is given the access rights to trade. The rest of the team members can access but cannot trade. An error message - "order submission not allowed" will appear on your screen if you try to execute a trade.
- Are the prices real-time?
Yes, the stock price quotations are real-time.
- Is there a mobile trading app offered in the Challenge?
No. For this competition, mobile trading app will not be available.
- Will there be any brokerage fees charged for every transaction?
Yes, the brokerage fees are the same as the real life trading and it will be charged for every matched trade.
Here are the guidelines to calculate fees for every matched trade in various stock exchanges.
|SGX||0.275% (minimum of S$25)|| Clearing fee: 0.0325% |
SGX Access fee : 0.0075%
7% GST on commission, clearing fees & SGX trading fees)
|Bursa||0.5%(min of RM60)|| 0.03% (max of RM1,000) |
Stamp duty 0.1% (Max RM 200)
6% GST on commission and clearing fees.
|HKEx||0.25%(min commission of HKD 50)|| Trading fee: 0.005% + Trading levy: 0.0027% |
Stamp duty: 0.1%
- What are the trading hours?
The trading hours vary depending on the stock exchanges as listed below:
|Exchanges||Trading Hours (UTC/GMT + 8)|
|SGX||9:00am - 5:00pm|
|Bursa Malaysia||9:00am - 12:30pm, 2:30pm - 5:00pm|
|HKEx||9:30am - 4:00pm|
- Can I place an order after market close?
No, you can only place orders during the trading hours of the various ASEAN Exchanges.
- What do I do if I forget my password?
You can use the "Forgot Password" function on the login page. Click the link and a pop-up box will appear. A new password will be sent to the email address you provided earlier during registration.
- How do I change my password?
Log into your account and select the "Change Password" option under "My Profile". Enter your old password, then enter your new password, confirm the new password and click on the submit button and your password is now changed. Also note that the username and password are case sensitive.
- I have already registered but would like to change my account details e.g add or remove team member(s), what do I do?
The only variable you can change from your account is your password. In order to change other details please contact BCMA.
- Why is my account suspended?
Your account will be suspended if you enter the wrong login username or password more than 3 times. If you face this problem, please contact BCMA and provide us your team name via email that you used for registration for reactivation.
- Will there be team rankings display?
Yes, we update team rankings every end of day on Wednesday and Friday throughout the competition period.
- How will the teams be ranked and based on what?
The teams will be ranked based on the highest returns on investment (%) during the duration of the competition.
- How do you calculate the returns on investment (%)?
Each team's performance will be ranked based on the percentage gain/loss of the team's portfolio. Percentage gain/loss refers to the summation of your team's available buy limit (cash on hand) and the end-of-day value of your portfolio divided by your initial capital. The following example will show how we calculate the returns on investment (% gain/loss).Example:Team A has S$80,000 capital.Team A bought 5,000 shares of SGX at S$8.00. Cost of shares is S$40,000.Transaction cost is S$138.03, which includes commission, clearing fees, access fee and GST.Available buy limit = Capital deduct cost of shares and transaction cost= S$80,000 - S$40,000 - S$138.03= S$39,861.97Assuming SGX shares closed at S$8.20Team A's total holdings = Available buy limit + stock portfolio= S$39,861.97 + (5,000 shares x S$8.20)= S$39,861.97 + S$41,000= S$80,861.97Team A's percentage gain = Total holding / initial capital= ([S$80,861.97 / S$80,000] - 1) x 100%= 1.0775%Team B has S$80,000 capital.Team B bought 3,000 shares of DBS at S$15.00. Cost of shares is S$45,000.Transaction cost is S$155.28, which includes commission, clearing fees, access fee and GST.Available buy limit = Capital deduct cost of shares and transaction cost= S$80,000 - S$45,000 - S$155.28= S$34,844.72Assuming DBS shares closed at S$14.00Team B's total holdings = Available buy limit + stock portfolio= S$34,844.72 + (3,000 shares x S$14.00)= S$34,844.72 + S$42,000= S$76,844.72Team B's percentage loss = Total holding / initial capital= ([S$76,844.72 / S$80,000] - 1) x 100%= -3.9441%
- With the "Performance of Post-Game Portfolio" judging criteria for the Grand Finale, do l liquidate my portfolio at the end of the game period?
No, you should not liquidate your portfolio at the end of the game period. The remaining stocks in your portfolio will be deemed investment stocks and be used in the Post-Game Portfolio to evaluate the performance of the stocks on the last trading day before the Grand Finale.
- How do you calculate team's post-game portfolio performance?
The performance of the stocks in the Post-Game Portfolio will be evaluated until the last trading day before the Grand Finale. The returns on investment (%) in the Post-Game Portfolio will be taken into the score in the Grand Finale.
Method of calculation:
[(Cash on hand + Market Value of Shares in portfolio on last trading day before the grand finale)/Cash at the beginning of game]
- Who should I contact if I have other further questions?
You may reach BCMA at firstname.lastname@example.org