Malaysia

Stockbit Malaysia: “Levelling the investment playing field in a new era: Social fintech app Stockbit aims to help investors make sound financial decisions” by Rondy Yong

by: Rondy Yunanda

Narrowing the Information Gap

The information gap between financial investors in the capital market can create an unfair game of lottery for those who are not privy to organised and reliable data. Comprehensive financial access and tools can be expensive, financial data disorganised and information obtained from public figures questionable. The launch of the Stockbit app in Malaysia can now connect stock investors in a more reliable manner, while providing access to timely and transparent financial information via a one stop social networking platform.

An innovative App for a New Generation

In 2017, Malaysia saw its capital market grow 12.6% to RM3.2 trillion with strong growth across all segments. (1) Larger numbers of younger investors are now entering the market, with Bursa 1 Malaysia revealing a 36% jump in the number of Central Depository System (CDS) account holders aged 25 years and below. (2)

A younger population of stock investors, coupled with an increased global dependence on smartphones has inspired the founders of Stockbit to design its interface and layout to have similar designs and features to popular social media technologies such as Twitter and Instagram.

One such feature is the stream function, where daily news and announcements from official sources, posts and comments from fellow users will be shown on a user’s feed.

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Users can also benefit from free analytical tools, covering both fundamental and technical analysis.

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With the recent large jump in younger investors in mind, the timely expansion of Stockbit to Malaysia will hopefully reap the same success as it did in its home country, Indonesia. To date, the total number of users on the platform has grown to over 70% of the daily active retail investors in the Indonesian Stock Exchange (“IDX”).

Complete, Transparent and Timely

Stockbit extracts stock related news and announcements directly from Bursa and various media sources in Malaysia. Company price, financial and fundamental data in Stockbit are all powered by Morningstar, a leading investment management firm from North America.

Users are able to access these relevant information in a timely manner. Push notifications on related news and events will ensure no important piece of information is missed, something that is vital for an investor’s success. In a nutshell, users now have the opportunity to access a complete array of information in the palm of their hands!

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The Future

As an innovative fintech company, Stockbit Malaysia is constantly on the lookout for potential collaborations – with universities, investor relations or brokers - and also on ways to continuously improve.

At this juncture, Stockbit Malaysia already has many unique features such as price alert, price target and seasonality. More features such as the ‘stock screener’ is in the pipeline, where investors will be able to filter stocks based on the criteria they set and can even choose to follow famed investors like Warren Buffet, Peter Lynch or Joel Greenblatt.

With its ease of use and features, the social network technology of Stockbit can help the most novice to the savviest of investors in their investment journey and decision making. This innovation is also expected to contribute as a catalyst to support the government as well as Bursa’s program which aims to increase retail investor participation in capital markets to 25% (3), so that they in turn can push for sustainable economic development in Malaysia.

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Appendix

(1) https://www.sc.com.my/post_archive/malaysian-capital-market-grew-12-6-to-rm3-2-trillion-with-strong-growth-across-all-segments/

(2) https://www.thestar.com.my/business/business-news/2017/05/03/young-investors/#LYBMTbI7qPDGylgJ

(3) http://www.theedgemarkets.com/article/cover-story-attracting-millennials-stock-market

This Week's Market Wrap Up 22th-26th October 2018 / Stockbit Malaysia by Rondy Yong

Introducing STOCKBIT - a new social networking platform for stock traders & investors in KLSE! Download and Sign up now! This video is covering what's trending in KLSE in the week as well as what's hot in the discussion in the Stockbit community.

Layhong discussion: https://my.stockbit.com/post/1977738

Prestariang discussion: https://my.stockbit.com/post/1975226 https://my.stockbit.com/post/1973892

Hello Malaysia! Introducing Stockbit by Wellson Lo

Hello Malaysia! Introducing Stockbit: What you should know

Profiting from trading or investing in the stock market is not always easy. Perhaps you’ve read the “Intelligent Investor” book from Benjamin Graham, or perhaps you’ve even paid some money to learn about charting. Whichever style you adopt, there’s a lot to know and there are risks involved. So the more you know, the more tools you have at your disposal to study about the market and the companies, the better your investment decisions will be. And that’s ultimately what Stockbit is here for, to be your perfect sidekick in the stock market.

Originating from Indonesia, Stockbit is a one stop social networking platform for stock investors. We at Stockbit know that we have been of a help to the retail investment community in Indonesia, and now would like to extend our horizon to help investors in Malaysia too! Here’s a brief summary of the features to get you quickly acquainted with Stockbit:

Stockbit Malaysia

1. SOCIAL NETWORK FOR STOCK INVESTORS

Stream

We promise new users will be able to quickly familiarise themselves with Stockbit’s base layout. Why? Because Stockbit has a user interface that’s similar to your favorite social media platforms! Post your ideas, discuss your opinions, attach your charts, $cashtag (our own version of #hashtag) your companies, tag your friends, click like on posts you appreciate, save your favourite posts and scroll through the streams for the latest going ons!  

User Profiles

Like a user? Click on their profile and follow them! Profiles are transparent on Stockbit. All users are able to see what others have posted, the number of followers they have, analyze their reputation etc This increases credibility so we are able to create and  maintain a healthy community truly interested in quality discussions.

2. RELEVANT INFORMATION IN ONE PLACE

Price

You will be able to create your own personal watchlist and monitor all of your favourite stocks including its price movements throughout the day on the Stockbit platform.

News & Announcements

Get all the latest news & announcements from one place. Stockbit will also alert you on real time updates & official announcements on your companies right on your smartphone. Never miss an important update again.

Keystats

A quick & reliable snapshot of any company’s financial metrics & performance to make a quick judgement / decision if the need arises.

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3. COMPREHENSIVE ANALYTICAL TOOLS

Whether you are a short term trader or a long term investor, Stockbit has you covered. Stockbit offers a unique learning experience via its analytical tools. Some of its features are:

Chartbit

Stockbit’s Chartbit tool enables you to analyse price movement and trends using a comprehensive set of indicators including moving averages, RSI, MACD, Fibonacci, Oscillators, Ichimoku clouds and lots more. You can compare price movements between companies, save your personalised layouts and share your analysis with everyone.

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Price Seasonality

You will also be able to enjoy Stockbit’s very own exclusive feature – the Seasonality tool. This unique tool will enable you to see interesting historical price pattern and trend MoM, QoQ and YoY. This feature will definitely give you a few pointers like never before.

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We are also working and will continuously adding more unique and interesting features into the platform.  

GETTING STARTED…

Hopefully all of the above is getting you excited! The next step to join is to simply go to https://stockbit.com/ for the web or download “Stockbit” app on you mobile! Click on the sign up or join now icon, pick either to register from facebook or via email, select your primary market, fill up your details, key in the SMS verification code and voila! you’ve set up your account with Stockbit.

SUMMARY: Stockbit is your perfect sidekick in the stock market!

To sum up, here are some of the advantages Stockbit offers:

  1. Social: Stockbit believes that investment and trading are better done with a community. Retailers do not possess the monetary capacity, nor more importantly, the information like that of big institutions, hence the idea of helping each other to bridge that information gap is very important. Plus, it’s always fun to make more like minded friends and to learn together!
  2. Innovative & Simple: Stockbit strives to be as pleasing to the eye as possible. Furthermore, the platform has the flexibility to constantly improve itself to cover and suit everyone’s needs. We are how we are today due to the constant feedback of our users. Do let us know what we can improve on together!
  3. One platform fits all: Whether you’re new to trading or already have some experience; a short-term trader or long-term investor- Stockbit has the community, information, and analytical tools you need to fulfil your trading and investing needs.

Stockbit is now ready and available for the Malaysian market.