just wonder , if the company didnt go into the pn17 status. will it suddently suspended ?

What is IPO ? When the company is listed at bursa , is still have IPO fo the company can buy ?

please advice what is the purpose of IPO

thanks for the advice and recommendation, cause i was thinking futures can be fast money
any suggestion for starter?

Suspension of trading are normally requested pending an important announcement. Not necessarily PN17 related.

IPO or Initial Public Offering is to raise money from the public for the company. After the IPO is completed, the company will be listed in the market. IPO is only for companies seeking listing in the market.

And Google is your friend.

Further help can be found at Investopedia

wanna ask something, for example if i bank in money to my broking house let say osk investment bank, if i buy n sell it on that day, i gain the profit, the profit is it can take after T+3 days? do i able to trade again using my money on that day? if i make losses, do i need to pay the losses after T+3 days? if i trade using my own fund.

I've never day trade before, so I can't answer your question regarding that. Perhaps some day trader here can help you.

In regards to your losses, you don't have to pay anything extra because you only loose your own money. T+3 doesn't apply to you if you trade with your own money.

oic ,thanks.I just opened an account on osk last week.may i know how do i transfer my money to osk to trade?if i bank in the money to osk investment bank,is it they will move my money to my trust account if i dint place any buy order?

u can trade regardless of how many money inside ur trust account... but at T+3 lets say u dun have sufficient money to clear they amount that u have bought, then they will either force u to immediately bank-in some money or they will sell the share on ur behalf... profit/loss u bear ur own...

ur money will be immediate moved into ur trust acc once ur bank-in money has been confirmed... this is called cash upfront... u just need to bank-in into their respective bank acc... they dun give u their acc no#?

yes, they do give me bank acc no, btw how they confirm i bank in money to thier account, if i using M2u fund transfer?

after u have bank in call ur remisier that u have bank in some money to them... refer to the ATM slip for the time and date... but remember to bank in some funny amount, not exact amount... i kena whack b4 for bank in exact RMx,000 they told me to add extra few ringgit...

don't worry. they will know the acc no. which transfer the money to their acc. So provide also your acc no and your detail after you bank in/transfer the money

hey i've got a question on IPOs and selling shares.

Lets say I opened my CDS Account with Maybank investment banking.

And I applied for IPO via m2u, online. When I want to sell those shares, can i do it online? Or do i still need to call remiser?

Yes, you can sell the share online but u just need to make sure your IPO application gone through successfully or not.

When u apply IPO via M2U, it will ask u to key in CDS acc, u can also key in another securities form CDS not necessary with MBB .

Guess u got kena the Maxis IPO leh

hehe

but where exactly is the menu in m2u to allow me to option to sell? I do not see it anywhere.. tried browsing the entire investment and stocks menus..

M2U and maybank investment banking is 2 different entities I think. M2U only helps you apply for shares and pay for it directly from your account. But it is not the entity you use to sell your share.

You need to go into Maybank investment banking website instead and log into your account.

ahh.. ok that makes sense. I will look into it, thank you.

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Added on November 19, 2009, 3:40 pmi found the option with some guidance from maynak ib customer service.

the option is in m2u itself, underl stocks>real time stocks. You gotta activate your account first, and then link it with your MIB cds account/stock account.

Just to share, cheers.

This post has been edited by tineagle: Nov 19 2009, 03:40 PM

hi, i'm newbie here. may i know if today i ask remisier (maybank investment bank) to buy stock then 3 days later i need to pay the amount.
1) how do i know the remisier has bought the stock for me?
2) after i pay to my account then will there be a resit or prove i own the stock?

Actually by right, you need to give your remisier the money first then he will buy the stock you want with the money.

Some remisier are nice enough to let you trade without putting any money, but require you to pay up before or latest on T+3 if you intent to keep it.

1) The remisier to will call you to inform that the transaction is done at the price you want.

2) If you bought and keep the share after T+3 (meaning you fully paid for it), your broking house will sent you a mail to show your latest holding in your CDS account.

However if you bought and sold the share before T+3, this will not be reflected in your CDS I believe.


Best practice is to credit a sum of money into your trust account with your broking house. And whenever you buy and sell, the remisier will just debit/credit your trust account. If the trust account is not enough, then you just top up when needed.

just wanna ask,it is a must to be at least 21 to open the CDS acc?

I think most of the broking houses can be opened at the age of 18 except Maybank where you need to be 21.

edit

This post has been edited by Junior83: Nov 20 2009, 08:20 AM