not yet
i want to know which one better

Just my personal preference and advise.
It is better to use direct CDS account, instead using bank's nominee type one.

Hi Cherroy, I have always been wondering about this. What are the pros and cons of this? Mine is currently as a nominee. While it is convenient, I find that I do not get to go for the company AGMs and other goodies.

just tell ur broker to appoint u as the proxy if u wish to attend the AGM...
just as wat Cherroy mentioned, for direct acc..... everything will refer back to u directly......
apart from ur identity being "less visible"... i don't c wat's the pro of having a nominee acc

umm....i have direct cds account and nominee account at the same bank....
what i noticed is the broker charge higher for direct account than the nominee account....
say buy share rm2000....direct account charge rm29...nominee only charge rm14++

is that normal?

I don't see any pro on nominee account.

While nominee only can cause lot of inconvenience.
You buy a thing, you direct hold it, why use third party name to hold it?

Nominee -
-Dividend and dividend voucher you don't get it directly
And some said got charges for bank in for you (not sure on this, as I no use nominee)

- Not being sent financial report and circular on company issue.

- Share transfer can be problematic.
Unlike direct CDS, you have share in a xyz broker CDS account, you can sell it in any account of xyz (if you have more than 1 account in xyz).
or
even you mistakenly sold at abc broker, you can transfer from xyz to abc.

Thanks for the replies guys.

i will try to take a look on both
if got any question will back to you guys..

thanks

my first REIT.. ARREIT.. saw the dividend average 8%.. not bad

ARREIT has been in the down trend for the past few months. does it indicate the future lower earnings from its property portfolios?

Where i get PavREIT IPO application forms?
I ask broker that she said not hv bcoz of IPO online and ATM only.

heard the company lost his CIMB as tenant...

so guess that it will be in discount price? it still has a strong support at 0.85

Yeap, it lost CIMB as tenant, but as its nearing is year low at 0.845, I'm hoping to grab some at 0.855 or less.

Arreits DY stands at 9% now.

To add further
using nominee account cannot apply for IPO
IPO is only applicable for direct CDS

and u r right cherroy bro
banks do charge a fee for crediting the dividend into ur nominee account
and another fee charged for withdrawing the dividend out from the nominee account to ur savings/current account

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Added on November 11, 2011, 2:56 pmI entered yesterday at 0.865
Hope the loss of CIMB as tenant will not have great impact on the dividend payout

This post has been edited by robinlim: Nov 11 2011, 02:56 PM

er.. bro RobinLim, boh leh my HLeB nominee a/c didnt charge me for crediting dividends or pumping my $ back to my savings or current account of even another bank (eg. SCB, PB, MBB - not Hong Leong Bank).

Which security firm U using?

I bought 10 lot of TWR at 1.23 without me realising, lol..

Another reason I can think why Arreit is downtrend maybe because it has fixed interest rate? So, if people are expecting BNM to lower the interest rate, this would makes Arreit earnings flat, while others might go up a bit. Anyway, it also means time for me to leverage some money to fund next year REIT purchase soon

This is negligible as a 0.25% won't make the cost of borrowing differ too much.

The main concern on reit is always tenants issue.

Atrium price plunged to 0.7x, when one of tenants lease expired and not manage to fill in straight away resulted DPU plunge significantly during the period (which afterwards manage to get back the tenant).

Axreit plunged to Rm1.00 because of global financial crisis which people fear refinancing may become more difficult as well as tenants may move out, or facing difficulty in business due to global recession.

Bro wongmunkeong
I'm using MBB nominee
got charged leh
I even called them to confirm
but very minimal only, RM2.50 per transaction for crediting the dividend

As for the withdrawal to savings/current account
sorry it's my mistake, there's no charge at all
I checked again it's for another transaction
just happened that that transaction was done whenever I withdraw from the trading account