Forty participants comprising alumni of local and international higher learning institutions including Universiti Brunei Darussalam (UBD), Universiti Teknologi Brunei (UTB), Politeknik Brunei (PB), Universiti Islam Sultan Sharif Ali (UNISSA), Laksamana College of Business (LCB) and alumni from the University of Bath and University of Birmingham took part in the Baiduri Capital Investment Challenge (BCIC) 2021.
The BCIC officially commenced last Friday with a briefing for the participants at Baiduri Bank’s headquarters.
Teams were briefed on the format of the challenge and were introduced to their mentors from Baiduri Capital before they began their investment journeys.
Each team received BND5,000 as initial capital to invest into any of the securities listed on the Singapore Stock Exchange (SGX), Malaysia Stock Exchange (Bursa), Hong Kong Stock Exchange (HKEx), China A-Shares (SSE-A) or the US stock Exchange (NYSE MKT LLC, NYSE and Nasdaq).
Any profits earned by the teams in the Investment Challenge will be retained by them.
Team leader for ‘Stonks’ and University of Birmingham graduate Siti Nur Syahmina binti Haji Zaini hopes that the challenge will offer many learning opportunities to make better-informed decisions when it comes to trading and investing. “My teammates and I have our own personal experiences with investing, but we lack the information and resources to learn risk assessments, which is important to make an investment strategy,” she said.
Meanwhile, team leader for ‘OneStock Co’ and UBD graduate Muhammad Hasif bin Haji Awang Nordin aims to learn as much as possible about investing from his mentors, and aspires to become an investor himself.
He said, “My teammates and I recently graduated and plan to take full advantage of the mentorship to invest on our own and grow our wealth.”
Throughout the six months of their investment journeys, teams will be taught the importance of learning how to invest, to break the misconception that investing is complicated, time-consuming and inaccessible. Teams will also have direct access to licenced dealers as their mentors in trading and investing.
General Manager of Baiduri Capital Peng Eng Soon said, “The Baiduri Capital Investment Challenge aim to cultivate awareness and generate interest in financial investments and capital markets.”
“This is the fourth year of the challenge, and it is encouraging to see graduates from local and international higher learning institutions, with some personal experience with investing. I hope that the teams this year will gain new insights and experience investing through their journey with the Baiduri Capital Investment Challenge.”
BCIC is an annual initiative by Baiduri Capital as part of its efforts to cultivate and raise awareness on investments, capital markets services and securities trading as well as to support AMBD’s goal of increasing investment literacy among the public.