that depend on the remiser. Last time 1 lot=1000 unit now 1 lot=100 unit. i'm still using the old one eventh i start invest last year. but at the end is still the same...how much unit u want to buy and the statment will come as unit not lot !

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Added on August 6, 2008, 9:14 pmsorry to interup...actually how to buy an IPO with CDS and trading account.? I heard that we can buy an IPO 1 day before it close and get our money (in the account) back the next day if it is not sellected.

regards

This post has been edited by shahmh: Aug 6 2008, 09:14 PM

I bought Perwaja Steel from CIMB Clicks using OSK CDS account. I heard somewhere you can also use ATM to buy too.

You not scare aa?
Those people bought cheap with Kinstel share sure dump like hell as they bought RM0.60 cheaper than market price wor.

Not necessary as it may rally above IPO price. who knows?
I did seen some analysts mentioned Perwaja valuation is above than IPO price. (Well, not all analysts are correct about their analysis. Dun trust much on it )

It much depends on the market sentiment on the day, and also how steel stocks are performing in general.

Long term investment not as trading. If go down. Then i average down. Everything have risk but i come from steel industry and i have seen the Perwaja plant with my eyes so i know what i am sure what i am buying into.

Building structures will always need steel and with Penang 2nd Bridge coming along, where you think they will get their supply from? Ann Joo Steel is mainly catering the deform bar 12 to 44mm Diameter and 5.5mm Wirerod. While southern steel is mainly on special steel for export market. The next logical choice will be Perwaja Steel in Gurun.
In my own humble opinion, steel company is good investment in the next few years unless our goverment decideds to put steel bars into control item again.


Disclaimer.. Above is just my justification based on my own opinion. I am not from Perwaja or Kinsteel and not promoting their share. Just my own two cents.

Two Question :

1. Currently I'm using OSK188 online trading for about 2 month plus . Every transaction done , I will received letter from OSK , I just wonder will I received letter from BURSA (in every month or etc) ?

2. Normally after the stock distribute dividen , the price of the stock will drop or not ? Example : let say the price is MYR 1 , after distribute dividen 4sen , will the price become MYR 0.96 ?

1. If your CDS is active aka you have transaction, then Bursa will send you the CDS statement from month to month. If not, they won't and will only send about 6 months time or so if account is inactive (even though got shares inside)

2. Yes.

I already done few transaction in 2 month plus , but I never received any letter from Bursa before , is it normal ?

Yours one is nominee account or direct account with CDS?

Nominee account won't receive any statement from Bursa because you are not dealing with Bursa or having a CDS account with them.

How to know wheather mine is nominee account or direct account ?

Mind to tell what investment bank or broker you use? Then can know already.

OSK188 online trading ...

Then do you open a CDS account at that time?

If I not mistaken , I think I have open CDS account that time . I had paid RM10 for open CDS account .

I'm using OSK as well...... If i'm not mistaken... i got 2 letters from BURSA... 1st one is to inform me that i'd successfully open a CDS acc.... another one stated the amount of shares i got on hand.....

I once asked my remisier what type of account I had opened. She said all the accounts opened with CDS, through OSK188, are direct accounts.

Dunno if right or not, but I should trust my remisier....

I receive statement from Bursa every month.

Question had been answered Thanks for ignore.

This post has been edited by speedguy10: Sep 14 2008, 11:24 AM

hey guys, can you recommend books or sites for someone who has zero knowledge on the share market. I'd love to invest but I would like to do some research/reading on how the stock market works, how to invest ..etc? any help would be appreciated

You can start reading Trading for life by Dr.Alexander Elder. His book is easy to understand and suitable for newbies.
You can try looking from this website http://www.bizfun.cc/forum/index.php/board,8.0.html. Inside got alot of ebooks relate to share market and other types of investment tools.

All the best to you!