With the Baiduri Capital Investment Challenge (BCIC) 2019 nearing its halfway point, Baiduri Capital held a sharing session for the participants to learn about their progress in the competition at The Core, Universiti Brunei Darussalam (UBD) recently.
Throughout the challenge, participants were given direct access to licenced dealers who act as their mentors. These mentors offer valuable insights and advice into the world of trading and investing. For several participants, the BCIC 2019 is their first foray into financial investments and capital markets.
The team leader from Bais’t Muhamad Shafie’e bin Abdullah Sofian had long been interested in securities trading. He shared that through the mentorship programme, his team received lots of insight on what to look for when trading and investing.
“Previously I only had knowledge of investing from my own research but with hands on guidance like this, it has helped my team become more confident and decisive in trading in the stock market,” said Muhamad Shafie’e.
Meanwhile, the team leader from Harvest Capital Nur Haziqah Jahirah binti Haji Osman shared that the BCIC 2019 has been a great introduction to trading and investing, and while the team is only making a small profit so far, it doesn’t discourage them.
“For the team, the hardest part is disciplining ourselves to keep up with the latest stock news and to make quick decisions. We learnt through experience that we have to make quick decisions when the time is right to invest and to sell when stocks are at a high point,” said Nur Haziqah.
She added that the mentoring sessions have helped her and her teammates overcome their initial hesitation on dipping their hands into investments, adding that she thinks that with proper guidance, most young people will be willing to venture into investing.
The BCIC 2019 began in October and is set to end in April next year. This year’s challenge attracted six teams made up of undergraduate students from UBD, Universiti Teknologi Brunei (UTB) and Politeknik Brunei (PB).
Each team comprises of four members and are given BND5,000 as initial capital to invest into any of the securities listed on the Singapore, Malaysia, Hong Kong, US stock exchanges and China A-shares. Upon the completion of the challenge, any profits earned by the teams will be retained by them.
General Manager of Baiduri Capital Peng Eng Soon said Baiduri hopes that this investment challenge will generate interest amongst the younger generation so they will not only appreciate the workings of capital markets, but also prepare them to deal with investment opportunities in the future.