Thanks. The article mentioned that the data compiled before the outbreak.

It will be interesting to see how the market reacts when Chinese market with extended closure, opens for trading on 3 February. It's the Chinese companies that have been advised to postpone their start of business operation.

Edit to correct Chinese market is still set to open on 3 feb.

This post has been edited by markedestiny: Jan 31 2020, 10:06 PM

Sorry, off topic a bit.

Have you considered opening a prefunded trading account in Maybank Kim Eng, at least for trading in S-REIT? No deposit is required.

You are only needed to top up an amount, based on the amount of shares you intend to buy.

Thanks for the info. But I am not based in Singapore, can open an account there? I asked about opening a bank account in Singapore when I was an intern back there in the open SG bank account thread and was already recommended by members there not to open an account.

If opening a bank account as an intern is already so hard, I can't imagine how it is possible to open a stock trade account as a foreigner.

Maybe have to wait till I work there?

by the way, what's the reason LINK and Fortune keep going down since July 2019? Is it just the protest?

can definitely open lah .... MY & SG are like brothers!

try to read the other thread about opening a bank account in SG.

This post has been edited by moosset: Feb 3 2020, 10:34 AM

Go open. If you are working as intern you are paid right? Easier to open. If you have no connection to SG, not working or studying there basically all banks will turn you down. Still can open. Not impossible.

Problem is, I only have cousins staying in SG (work and stay there), and me myself not working or studying there. My internship is over and basically I have to pay for my internship instead of the company paying me.

I am back at Malaysia now, anyway. I do have a HK bank account, since I am studying there. But I invest in HK & SG REITs and shares through unit trusts rather than directly in the exchange as I don't have sufficient cash to open a brokerage account at IBKR's whitelabels. 1000 USD is a lot for me (Tradestation Global). Need to wait till I work. No choice, have to contend with 2-3% off my investment return due to tonnes of charges.

This post has been edited by TOS: Feb 3 2020, 11:27 AM

good opportunity to buy some during this virus incident



hopefully they can control the virus spread.

Today Shanghai index drop around 8%. Shanghai stock exchange ban short selling.

long time didnt see a huge drop like that since 2015

This post has been edited by foofoosasa: Feb 3 2020, 12:22 PM

Not too bad I think.. Shanghai didn't hit their limit down of 10%, unlike back in 2015/16. So from peak of Jan that's like 12% down only.

HSI n HSCEI are green.. BABA HK and Tencent are even up 2%! Worst over or dead cat bounce?

El. Erian says don't buy the dips

https://www.cnbc.com/2020/02/03/el-erian-sa...stock-dips.html

That's what the mat salleh always say. Follow Howard S. Marks buy a falling knife. You can never catch the bottom buy close to near the bottom is good enough.

for your case you better open account with 8 securities first

Thanks for introducing this broker. I remain doubtful on the zero-commission business model.

Not sure how true is this: https://apenquotes.wordpress.com/2017/10/10...e-8-securities/

I don't like to trade HK shares as the regulations there are slightly loser compared to Singapore, will prefer US S&P 500 ETF, but then there is 30% WHT. So, have to go for UCITS instead.

I will not work in HK upon graduation as I prefer to stay and work in Singapore after I graduate. So, a HK brokerage account may not be a good option, more so given the bleak future of HK. Tradestation global may be a suitable one for me, I think.

reason why i said 8 securities suit you now because you have hk bank account and remittance fee is not an issue and you are there now to sign the document best to open account now even later you work in SG also still can use, and you are still beginner with little capital, free fee can help you save a lot while learning. You don't have to buy hk share if no confident, but this is one of the few ways that you can buy china-h share direct. If you cannot trust hk securities commission then nothing to say, none of their licensed brokerage are safe then. No right or wrong, the choice is yours.

8Sec now is free of fees effective 1st Feb 2020 based on the email which I received recently.

I have opened this some time back but have not fund this account due to its strict requirement of having to use bank to transfer and receive funds and I don't have a local HK bank.

Therefore unless you have a local HK based bank, using a Msia bank for this account will incur higher transfer cost on top of unfavorable exchange rate by the bank.

so HSI is better than HK REITs?

Yes, there are many HK/Chinese growth stocks so I dont prefer HK Reits... yet...

DYODD

Understood. I will apply to Singapore uni soon as a backup. So, HK bank account may close anytime.

Moreover, even if I have a HK account, I don't have much choice as a single lot for HK shares can be a few thousands HKD. I prefer blue chip dividend stocks and utility stocks, but then 8securities have dividend charges. I agree that H-shares are attractive, especially the HSI constituents. Will have a look at this, anyway. Thanks for the info.

Just use Interacrive broker. Problem settled.

Correction: Should be whitelabels of IBKR like Tradestation Global, not IBKR itself. No plan to pay for the IBKR monthly account maintenance fee.

my last piece of advice, don't close your hk acct if you don't have to, if your hk acct currently don't have online banking then close it now, choose the one that have so you can still remotely manage it. bcos it may not be easy for you to open an acct again if you no longer there, especially now can make use of it for your broker usage to help you expose to US and hkex stocks. It cost you nothing and you need to start somewhere, once you become more complicated can still always add other brokers that suit you. i have brokerage accounts in US, HK, SG and MY so i know what i'm talking.

get your logic correct, zero commission worth more to you or insignificant dividend charges? one is out of your pocket another is deduct from your extra income. There are cheaper hk stocks/etf available just you need to do more homework, i don't want to spoon feed you. Lastly, young man, if you want to be successful in life don't always look for excuses and avoid it, but look at how you can benefit from it and overcome it.