BT: OCBC garners 93.52% of Great Eastern’s shares at offer close, falls short of compulsory acquisition threshold

Trading in the counter will be suspended from Jul 15, as the number of shares in public hands is below the 10% free float threshold

https://www.businesstimes.com.sg/companies-...ition-threshold

Thanks for the detailed reply!

I would also like to clarify the fees for transferring SG stocks from my Moomoo Singapore account to my SGX CDP account.

The screenshot below states that to transfer SG stocks out to CDP, there would be a fee of SGD 100 per transfer per stock. Does “per transfer per stock” mean I would be charged SGD 100 for the entire lot of DBS Bank shares I hold, or does it imply SGD 100 per individual DBS share?

Hello again.

From the screenshot you posted, it's 100 SGD "per stock", so that means regardless of how many units of DBS you hold you will be charged 100 SGD.

Usually it's cheaper to just sell your shares on one brokerage account (e.g. Moomoo), move the proceeds out to another broker (e.g. FSM SG) and buy the stock directly from the new broker (linked to your CDP account). FSM SG charges 8-9 SGD for CDP trades, Moommo another couple of SGD, the total cost will be far less than 100 SGD...

If I were to sell all the stocks, wouldn’t it incur more loss? For example, if I sell the stocks now, which I bought at a cheaper entry price, wouldn’t I incur more loss if I were to buy them again at a new brokerage account at a higher price?


Thanks!🙏

No haha. Think again.

Suppose you bought 1 unit of stock XYZ at 10 SGD with Moomoo, it rises to 100 SGD. You sell your 1 unit and you realized a profit of 90 SGD. Once you realize your profit, the money is yours.

Then you buy back again at T+1 or more likely, T+2 depending on how fast your can withdraw cash to your new broker (e.g. FSM SG). In the span of 2 days or so the stock price probably moves around 4-5% under normal market conditions (assume you time it well and avoid volatile periods like quarterly results' announcements etc.). If it goes up 4-5% in the span of 2 days, then you will buy back your stocks at 104 SGD a unit or 105 SGD a unit and thus you fork out an extra 4-5 SGD plus brokerage fee of around 8-9 SGD on top of the 100 SGD cash you cashed out from your previous brokerage account.

What matters here is the future stock price trajectory. The past profit of 90 SGD which has been realized is now reinvested in the same stock; you could have done it differently, say you use the 100 SGD to buy stock ABC at your new FSM SG account instead if you think stock ABC has better potential compared to stock XYZ in the future. Or in another scenario, if you do nothing in the first place, your 100 SGD would have stayed in Moomoo and continues to enjoy capital appreciation from stock XYZ. 3 situations are possible, they are all mutually exclusive scenarios, in the absence of new sources of funding.

To sum up:

1. You can't change the past with the present. (Your profits and loses since day 0 of investing in stock XYZ remains there until you realize them).
2. But you can change the future with the present. (Your future profits and loses depends on how you allocate your money today.)
3. You can let the past continues into the future at present by
(i) doing nothing at present (Keep stock XYZ at Moomoo and continue earning your money in Moomoo) or
(ii) by shifting the positions between different accounts at present. (Move stock XYZ from Moomoo to FSM SG and continue earning money from stock XYZ but in a different brokerage account, the underlying exposure is still to stock XYZ, but the ownership changes from Moomoo to you, in CDP).

Hope that helps.

SATS Food Hub project cancelled: https://links.sgx.com/FileOpen/Update%20on%...t&FileID=812543

HPH Trust
https://links.sgx.com/FileOpen/HPH%20Trust%...t&FileID=812527

GIC results: https://report.gic.com.sg/

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MAS to decide on SGD's movement this Friday... MPC statement to be released at 8 am on the 26th of July.

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Bloomberg: Singapore’s Homegrown Farming Dream Is Beginning to Fade

Nation’s local food campaign is faltering at the halfway mark
High costs, government red tape are hampering farming startups

https://www.bloomberg.com/news/articles/202...as-farms-falter

This post has been edited by TOS: Jul 24 2024, 11:23 AM

iFAST results: https://links.sgx.com/1.0.0/corporate-annou...ef2712487b34493

MAS Policy Statement: https://www.mas.gov.sg/news/monetary-policy...atement-26jul24

Sheng Shiong Group results: https://links.sgx.com/1.0.0/corporate-annou...d8736641caa337f

Hi guys
For holders of dividend stocks from SGX (e.g. DBS) purchased via IBKR, how is the dividend paid out?

No difference from typical US shares. Dividends credited to your IBKR cash account on the payment date, the day before ex-date is the last day you are entitled to the dividend payments.

This post has been edited by TOS: Jul 30 2024, 04:02 PM

Aztech Global results: https://links.sgx.com/1.0.0/corporate-annou...2c7617b24abd223

Great Eastern results: https://links.sgx.com/1.0.0/corporate-annou...25fb2d75daec2fb

SIA results: https://links.sgx.com/FileOpen/bu-q1fy2425....t&FileID=813639

SIA results (slides): https://links.sgx.com/FileOpen/slide-q1fy24...t&FileID=813831

Sing Investments and Finance Ltd. results: https://links.sgx.com/FileOpen/SIFL%20-%20A...t&FileID=813656

This post has been edited by TOS: Aug 1 2024, 09:08 AM

Keppel results: https://links.sgx.com/1.0.0/corporate-annou...c8fa37512e88d20

UOB results: https://links.sgx.com/1.0.0/corporate-annou...5ff5a4137686d1a

Seatrium results: https://links.sgx.com/1.0.0/corporate-annou...af5afba9416cdcc

OCBC results: https://links.sgx.com/1.0.0/corporate-annou...dcd140459755c85

Interesting letters and exchanges regarding NTUC Income's stake sale to Allianz

https://www.businesstimes.com.sg/companies-...ed-sale-allianz

https://static1.businesstimes.com.sg/s3fs-p...d1nC7MtWrBhNPGP

Panic has arrived at SGX. Banks all sink 4-5%