KUALA LUMPUR (Nov 15): OSK Investment Bank has awarded a total RM200,000 in prizes to the winners of its OSK Investment Challenge (OSKIC) competition, which attracted over 30,000 participants from campuses nationwide.
In a statement Tuesday, Nov 15, OSK Investment Bank Bhd chief executive officer U Chen Hock said that education was a key area of OSK's corporate social responsibility initiative and that the competition had achieved its objective to educate and inspire the participants in the workings of the capital market.
"Despite the current bearish market condition, they still managed to get the profits in.
“I trust that the knowledge and experience that the winners and all participants have garnered would shape a solid foundation even as they continue their investment journey," he added.
The OSKIC is a competition open to Malaysian college or university students where participants were given virtual money worth RM100,000 to trade based on actual real-time stock prices.
Selected participants whose portfolio are in the top 20 will be given internship opportunities at OSK, it added.
Koh Seng Soon from Universiti Putra Malaysia (UPM) won the Individual Category with the highest total portfolio value of RM138,918.88, winning the grand prize of RM25,000.
Chee Siaw Wan from Universiti Kebangsaan Malaysia (UKM) won the second prize of RM10,000 and Mohd Aizuddin Mohd Khalid from Monash University won the third prize of RM5,000.
Thirty consolation prizes of RM1,000 each were also awarded.
In the group category, team le^(ipi)l from Universiti Tunku Abdul Rahman (UTAR) walked away with RM30,000 while team 12345 from Inti College Subang and team iheartmoney from University Malaya (UM) won second and third prize respectively.
Wong Kin Hung from Methodist Pilley Institute won the lecturer category and was awarded RM10,000 for recruiting the most number of teams.
Liew Kian Wah from UTAR won the lecturer with the best performing team award.
Tar College won the Best University/College category, winning a library sponsorship worth RM50,000.
This category was based on the combined portfolios of the top 100 participants in the overall competition from participating campuses nationwide.