Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>Cambodia>>Capital Markets>>Champion investors reveal stock strategies
NEWS UPDATES Asean Affairs     February 21, 2017  








Champion investors reveal stock strategies


The Cambodian Securities Exchange (CSX) officially awarded each of the two winners of its My First Stock trading competition an 8,000,000 riel ($2,000) cash prize yesterday.

The contest challenged first-time and existing investors to generate the highest return on a minimum $1,000 investment in stocks listed on the CSX during a 40-day period that ran from November 21 to January 16.

The two winners first-time investor Lim Dina and existing investor Hong Bunrith increased their portfolio value a staggering 149 percent and 88 percent, respectively, in just 40 days. The speed and size of their returns shattered perceptions that Cambodia’s stock exchange, which launched in 2011 and has four listed companies, was a languid market.

Speaking on the sidelines of the daylong CSX event at Aeon Mall in Phnom Penh, Dina said he posted a 149 percent return on investment by placing all of the required 4,000,000 riel ($1,000) need to join the competition into garment manufacturer Grand Twins International (GTI).

“My strategy was first to look at the stocks and what type of trading they have recently had,” he said. “While 40 days is not a long time to trade, I still looked for a company whose stock price had fallen below its initial public offer price because it is easy to quickly increase.”

During the competition, GTI’s share price doubled from an early December low of 2,300 riel to 5,200 riel in mid-January. Dina said while the CSX only allows trading for 3.5 hours a day, it was easy to check the market in the morning while at work.

“The key to making a profit on the stock market is to investigate companies, invest low and sell high, and buy and sell quickly to get fast returns,” he said.

Hong Bunrith, an existing investor, who generated an 88 percent return, also attributed his success to GTI’s bullish performance. However, he split his investment for the competition between GTI and Phnom Penh Water Supply Authority, the capital’s water utility, which trades as PWSA.

PWSA’s share price fluctuated within a band of 120 riel during the competition period.

“If you are going to succeed in the market, you need to clearly understand the company you are investing in and monitor its previous quarterly performance,” he said.

Hor Simeth, chief financial officer of Acleda Securities Plc., said the trading competition was a good way to spark new investor interest in the CSX.

“Cambodians have the mindset that the stock market is risky – like gambling,” he said. “But it is not, because when you buy a stock you have ownership and can wait to sell it at the right time.”

Simeth said that he hoped that stock trading competitions would continue to educate new potential local investors. And with CSX promising to pay back any trader losses incurred during the contest up to $100, the risks to participating investors was minimal.

“For the competition, the CSX pays you back if you have any losses,” he said.

“This makes it risk-free to join.”



Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



 
Today's  Stories                          February 21, 2017 Subsribe Now !
• Budget 2017: S$1.4b targeted support to help companies address near-term concerns Subcribe: Asean Affairs Global Magazine
• Operator to expand capacity of Soekarno-Hatta airport’s runways
• Champion investors reveal stock strategies
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Yoma Central breaks ground in downtown Yangon
• Singapore to impose carbon tax on large direct emitters
Asean Analysis                  February 15, 2017
• Asean Analysis  February 15, 2017
Set the US-Thailand relationship right
Advertise Your Brand

Asean Stock Watch   February 20, 2017

• Asean Stock Watch-February 20, 2017
The Biweekly Update
• The Biweekly Update  January 19, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com