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 NEW SUKUK : DANAINFRA NASIONAL, >>> worth to buy?

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wil-i-am
post Oct 18 2013, 04:39 PM

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Get redy $ to apply this IPO
wil-i-am
post Oct 18 2013, 04:57 PM

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QUOTE(davinz18 @ Oct 18 2013, 04:45 PM)
You interested?  hmm.gif
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Yup
wil-i-am
post Oct 18 2013, 05:10 PM

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QUOTE(davinz18 @ Oct 18 2013, 04:59 PM)
The first tranche already trading on bursa malaysia. You can check it out  nod.gif
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I applied n sold @ profits
wil-i-am
post Oct 18 2013, 05:23 PM

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QUOTE(davinz18 @ Oct 18 2013, 05:12 PM)
Oh Really?  Good for you  rclxms.gif

I didn't apply it, not interested
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Oic...

wil-i-am
post Oct 24 2013, 09:51 AM

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QUOTE(ngiangia @ Oct 24 2013, 09:39 AM)
How much you sell at? and how long it takes you to get the profit?
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Forgotten
If can recall, sold @ closed to 102.00 within 1 mth from listing
wil-i-am
post Oct 24 2013, 10:02 AM

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New IPO out today
Closing on 15/11/2013

http://www.mih.com.my/index.php?page=ongoing

wil-i-am
post Oct 24 2013, 04:17 PM

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QUOTE(topearn @ Oct 24 2013, 03:32 PM)
Where 2 find it ? Under what name ? nvm, found it...below RM1.00 - damn  98.5 cents only. S does it mean current IPO gone casE ?
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Stock code is 0400GA
wil-i-am
post Oct 24 2013, 06:24 PM

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QUOTE(DR5 @ Oct 24 2013, 06:04 PM)
rm100/unit means rm100000?
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Nope
RM100 per unit
Need to buy min 10 units = RM1,000
After tat, multiple of RM1,000
wil-i-am
post Oct 24 2013, 06:37 PM

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QUOTE(DR5 @ Oct 24 2013, 06:31 PM)
thanks!
sukuk is new to me...  is also share?
so far other than the AAX, all ipo failed...i try to go for all ipo... n this "sukuk" is a buy/no buy for u?
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Sukuk is not shares
Dis is a loan instrument
Will apply next month
wil-i-am
post Oct 24 2013, 06:46 PM

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QUOTE(DR5 @ Oct 24 2013, 06:43 PM)
good to hear that.
how to sell after that? same as share? or there is loan duration, must bond the the end?
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Similar to buy n sell shares
15 years sukuk
If still hold sukuk end of 15 yrs, Danainfra will redeem @ face value
wil-i-am
post Oct 25 2013, 09:37 AM

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QUOTE(lostandfoundlove @ Oct 25 2013, 12:00 AM)
your argument has no substance  and a lot of flaws, i suggest you check the facts before replying next time. anyway im not going to spend my time ranting i've said my piece so good luck if your investing smile.gif
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I dun agree with u at all
1st u can't call Ppl donkey when they invest in dis instrument
U oredi mentioned 'one man poison is another man meat'
Think 1st b4 u write
wil-i-am
post Oct 25 2013, 11:22 AM

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QUOTE(topearn @ Oct 25 2013, 11:01 AM)
Got some queries -
1) Any balloting for this ?
2) If no balloting, do U get the bond the next working and interest start from that day ?
3) What happens if more than RM100m applicants, the offer will stop and those who apply after RM100m will get refunded ?
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Refer to this link

http://www.bursamalaysia.com/market/listed...cements/1195285

http://www.mih.com.my/index.php?page=press


wil-i-am
post Oct 25 2013, 02:15 PM

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QUOTE(SaProp @ Oct 25 2013, 12:35 PM)
In my opinion, if die die must buy, choose a good return reit is better than this Bond, 6 - 7% is norm.
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Diversify yo investments ma...
wil-i-am
post Oct 25 2013, 02:16 PM

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QUOTE(topearn @ Oct 25 2013, 01:53 PM)
There is no transaction cost if U buy thr' IPO and U hold for 15 years as on maturity U get back full principal invested.......means U get full 4.58% yrly rate.

If U buy from market and sell B4 maturity, say U buy at RM10,000 for 100 lots (1 lot = RM100) and sell after 6 years also at same rate f RM100 per lot.

Buy cost - RM6 brokerage (if U R using AmeSecurities) + $0 (Stamp duty is exempted) + RM3 (clearing fee - 0.03%) = RM9 which is 9/10000= 0.09%. Means for your 1st year, U earn 4.58% - 0.09% = 4.49%.

For year 2-5, U earn full 4.58% interest.

Sell at end of year 6 after u have received the 2 semi-annual interest. Sell cost. also same = 0.09%
U earn 4.58% - 0.09% = 4.49%.

If U average the 6 years interest = 4.49% x 2 + 4.58 x 4 = 4.55% yearly interest.
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Very gud analysis n simulation
wil-i-am
post Oct 25 2013, 02:38 PM

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QUOTE(topearn @ Oct 25 2013, 02:28 PM)
Do we need to declare the interests we earned ? Is it taxable ?
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Nope
Is tax free
wil-i-am
post Oct 25 2013, 03:21 PM

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QUOTE(topearn @ Oct 25 2013, 03:12 PM)
Yet another advantage of investing in this bond. Dividend on shares sometimes tax at source and U then need to claim back the over-payment - meaning U still need to pay at your current tax bracket, right ? Any idea what would be the tax bracket for someone earning RM5,000 per mth ?
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U r rite
No idea on RM5k per mth. It depends on deductions as well
wil-i-am
post Oct 25 2013, 03:59 PM

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QUOTE(topearn @ Oct 25 2013, 03:26 PM)
What is your tax bracket then (if U don't mind telling, wink wink) ?
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Off record la.....
wil-i-am
post Oct 27 2013, 12:55 AM

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QUOTE(topearn @ Oct 26 2013, 09:28 PM)
Current issue is the 2nd tranche with coupon rate of 4.58%, while 1st tranche only 4%, so does this mean this 2nd tranche is better than the 1st tranche ? Are all other terms & conditions of these 2 tranches the same ?
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All T&C remain unchanged
2nd tranche enjoy higher interest due to longer duration
wil-i-am
post Oct 27 2013, 12:58 AM

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QUOTE(Chinoz @ Oct 27 2013, 12:25 AM)
From 2014 onwards, we're moving to single-tier taxation for dividends. All dividends are taxed at source, and not taxable at the hands of shareholders.

In the previous regime of franked dividends, if your personal income tax level is say 15% and corporate tax rate is 26%, you are able to claim back the 11% difference.

In the single-tier regime, even if your tax bracket is 0%, your dividends will still be hit with the corporate tax rate and you cannot claim back anything.
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Corporate tax is 25%
wil-i-am
post Oct 27 2013, 08:41 AM

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QUOTE(mopster @ Oct 27 2013, 02:14 AM)
hihi
i've a question on ETSB (Exchange Traded Bonds/Sukuk)
let's say i've successfully applied 1lot (10units of RM100). ->Min is 10 units which is RM1,000
I hold for 15 years until maturity...
on maturity, i should get back the face value, right ? ->Yes
so my questions are:
1)what if it's traded at RM110 on the last trading day ? do i get back RM1100 or RM1000 ? ->RM1,000
2)what if it's traded at RM90 on the last day ? do i get back RM900 or RM1000 ? ->RM1,000
3)if i'm to get back RM1000 no matter what the last traded price is,.. does that mean I will have additional gains if my Average Bought Price is RM90 (for example)?->Yes
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