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 IPO: Kucingko Berhad (0315 KUCINGKO), ACE Market Listing on 26-Jul-2024

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earshore
post Jul 31 2024, 11:07 AM

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QUOTE(ronnie @ Jul 31 2024, 08:16 AM)
another lesson: buying such small unit is wasting brokerage fees...and stamp duty too
*
actually for small portfolio trading that amount is quite decent
100 lots = 100 x100 = 10,000

Bought at RM0.8 = RM8,000
Had it gone up 10%, he would have gained RM800
before deducting fees etc. which would be about say RM 16 -RM30

still a sizable chunk
and if it were sold at say RM0.82

that would be about RM200 of gains before deduction
still have about RM170 or so of profit

and then if cut loss at RM0.5
ouch that's RM 3000 of realised losses
in addition to about say RM 16-RM30 of fees and taxes

unfortunately, that would be painful.
Really painful.


TSronnie
post Jul 31 2024, 01:57 PM

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QUOTE(earshore @ Jul 31 2024, 11:07 AM)
actually for small portfolio trading that amount is quite decent
100 lots = 100 x100 = 10,000

Bought at RM0.8 = RM8,000
Had it gone up 10%, he would have gained RM800
before deducting fees etc. which would be about say RM 16 -RM30

still a sizable chunk
and if it were sold at say RM0.82

that would be about RM200 of gains before deduction
still have about RM170 or so of profit

and then if cut loss at RM0.5
ouch that's RM 3000 of realised losses
in addition to about say RM 16-RM30 of fees and taxes

unfortunately, that would be painful.
Really painful.
*
i was thinking bought 100 shares... hate the "lot" terminology
engineer
post May 30 2025, 04:40 PM

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After 10 months, this kucing is almost a dead cat now innocent.gif

This post has been edited by engineer: May 30 2025, 04:41 PM


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TSronnie
post Jun 1 2025, 03:45 PM

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that's very bad indeed
nexona88
post Jun 1 2025, 06:16 PM

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howyoulikethat
post Jun 2 2025, 10:13 PM

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