[quote=t5t,Nov 1 2010, 06:36 PM]
[quote=htt,Nov 1 2010, 06:44 AM]
if 1000 share, then
50c*1000*0.75=375
4c*1000=40
total = 415.
tax can claim back if you are not paying the top tax bracket.

Hmm... Where do you get the 0.75 from? What does top tax bracket mean? And how does a person claim the tax back? Thank you.

[/quote]
-25% tax => 0.75
I think the top tax bracket for individual in Malaysia should be a bit higher than coporate tax, maybe around 26% or so, not very sure about that, you might want to google for that. For those paying tax less than 25%, you can 'claim' back the difference as that will be deducted as prepaid tax or so (tax deducted at source).

LISTING'S CIRCULAR NO. L/Q : 58192 OF 2010
1) Bonus issue of 25,081,600 new ordinary shares of RM1.00 each in Yee Lee Corporation Bhd ("YLC") ("YLC Shares"), to be credited as fully paid-up, on the basis of two (2) new YLC Shares for every five (5) existing YLC Shares held on the entitlement date (Bonus Issue).
2) Share split involving the subdivision of every one (1) ordinary share of RM1.00 each into two (2) ordinary shares of RM0.50 each in Yee Lee Corporation Bhd ("YLC") ("Subdivided Shares").
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - All" ] as from : [ 2 September 2010 ]
2) The last date of lodgement : [ 6 September 2010 ]
3) Retention Money : Where securities are not delivered in time for
registration by the seller, then the brokers concerned :-
a) Selling Broker to deduct [ 2/7 ] , of the Selling Price against the Selling Client.
b) Buying Broker to deduct [ 28.57% ] of the Purchase Price against the Buying Client.
c) Between Broker and Broker, the deduction of [ 2/7 ] of the Transacted Price is applicable.
Remarks :- "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place on 7 September 2010 with bonus issue and share split of YEELEE shares of RM0.50 each, any shareholder who is entitled to
receive YEELEE bonus issue and share split shares, may now sell any or all of his YEELEE shares arising from the bonus issue and share split beginning the Ex-Date ( 2 September 2010 ). For example, if Mr X purchases 500 YEELEE shares on cum basis on 30 August 2010, Mr X should receive 500 shares on 6 September 2010. As a result of the bonus issue and share split, a total of 1400 YEELEE shares will be credited into Mr X's CDS account on the night of 6 September 2010 being the Book Closing Date. Therefore, Mr X can sell the bonus issue and share split shares of 1400 on or after the Ex-Date ie from 2 September 2010 onwards."


The closing price on 1st of September was 3.06... and the opening price on 2nd of September was 1.14... Can anyone show me the calculation to determine the opening price on the 2nd of September? And why is the bonus shares issued after the share split? Please advise.

The reference price for 3.06 is 3.06/7 x 5 /2 = 1.09

Opening price is the first price traded, so if the first trade is 1.14 aka the opening price, the reference is still 1.09 and it will be shown as + 0.05.

The company proposed 2 issue, bonus + share split.
First they gave you bonus issue, after you get the bonus, it split further into 2.

Why divide 7?

The reference price for 3.06 is 3.06/7 x 5 /2 = 1.09

This post has been edited by popcorn513: Nov 4 2010, 11:08 AM

hmm... then what about this one?

"LISTING'S CIRCULAR NO. L/Q : 58205 OF 2010
1) Share split involving the subdivision of every existing one (1) ordinary share of RM1.00 each in Tomypak Holdings Berhad ("Tomypak") ("Share(s)") into two (2) ordinary shares of RM0.50 each in Tomypak ("Subdivided Shares").
2) Bonus issue of up to 21,728,250 new ordinary shares ("Bonus Shares") of RM0.50 each ("Subdivided Shares") in Tomypak Holdings Berhad ("Tomypak"), to be credited as fully paid-up, on the basis of one (1) Bonus Share for every four (4) Subdivided Shares held by the entitled shareholders of Tomypak on the entitlement date. Further to L/Q No: 58188 OF 2010, kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Bonus Issue" ] as from : [ 1 September 2010 ]
2) The last date of lodgement : [ 3 September 2010 ]
3) Retention Money : Where securities are not delivered in time for registration by the seller, then the brokers concerned :-
a) Selling Broker to deduct [ 1/5 ] , of the Selling Price against the Selling Client.
b) Buying Broker to deduct [ 20% ] of the Purchase Price against the Buying Client.
c) Between Broker and Broker, the deduction of [ 1/5 ] of the Transacted Price is applicable.
Remarks :- "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place on 4 September 2010 with bonus issue and share split of TOMYPAK shares of RM0.50 each, any shareholder who is entitled to receive TOMYPAK bonus issue and share split shares, may now sell any or all of his TOMYPAK shares arising from the bonus issue and share split beginning the Ex-Date ( 1 September 2010 ). For example, if Mr X purchases 500 TOMYPAK shares on cum basis on 30 August 2010, Mr X should receive 500 shares on 3 September 2010. As a result of the
bonus issue and share split, a total of 1250 TOMYPAK shares (Instead of 1400 TOMYPAK shares) will be credited into Mr X's CDS account on the night of 3 September 2010 being the Book Closing Date. Therefore, Mr X can sell the bonus issue and share split shares of 1250 (Instead of 1400) on or after the Ex-Date ie from 1 September 2010 onwards."

the closing price on 30th August is rm3.35 and the opening price on 1st of September is rm1.37.
if according to your calculation, wouldn't this be,

3.35/5 * 4/1 = 2.68

please advise. thanks.

Still a student:
Good that you've started thinking and worrying about your future.

Some facts. If to work for someone in future and 'makan gaji', sure EPF is not enough to sustain for old age. I hope I had earlier plan for myself.
I'm just starting to learn on investment recently, after near 10 yrs working.

Share market is not for everyone. One need to have the preparation to have possibility to lose all $$ at a start. If u r the type than can have sleepless night after losing 50% of money and resultant in lose in concentration is studies, etc. It's not worth to pursue this path for now. Wait till you have the mentality to be ok to lose some $, then it's ok to start.

If u r still a student in 2' school, and would like to venture into stock market in the future, then plan to study in financial related field (can be just elective course).

For now, invest your RM2,000-00 in ASM or Sukuk. And if you are a Bumi, invest in ASB. These have much higher return than FD.

Learn about fundamentals in share (ie what is PE, DY, ROR, ROE, etc first) and carry out 'offline' investment without using money.
You can easily do this on excel by assuming you have invested in a stock at certain price and sell it etc (and monitory the your performance).
See how far you can go. Do add RM30 to 40 on cost for every RM1700 you invest and likewise when you sell. ie every for every share you buy, you have to consider a minimum of ~ RM60 or RM90 (depending on the investment mode and company you used) cost for stamp duty and fees to be paid. In other words, if you buy 10 lots of share for RM1,700 and selling for RM1,800, your net profit is only RM10 to RM25.

Only when you are able to always make profit with you 'offline' trading do you start the real 'gambling' in the stock market.
If you lose in the offline/self trading, well - luckily you've not started with the real money.
If you've earned - well, just think that in real scenario, you are not always able to successful in buying the share (as ppl are not selling) or selling it when the price is right.

Hope this help.



This post has been edited by YZhu2010: Nov 7 2010, 12:14 PM

does the testing phase takes into account of bull, bear & neutral market conditions?
if u gonna testing in a bull market, u will get carried away with profit & meet dr doom later in bear market (unless u r buy & hold, then no worries)
furthermore, real cold hard cash & qing ming money is 2 different altogether
coz, u will meet mr greed, hope & fear (unless u r buy & hold, then no worries)
theory & PRACTICE is REALLY 2 seperate thing altogether

Can anyone advise if 1 have any of MUIIND loan stock (MUIIND-LA, MUIIND-LB or MUIIND-LC), i will be albe to convert it to the mother share right (1:1)?

How come the loan stock share price is much lower than the mother share. if i buy in the loan stock share at RM0.18 i can immediately make profit (assume MUIIND at 0.22 currently)? correct me if i'm wrong. Thanks

You have to check the conversion ratio and the exercise price.

Exercise/Conversion Period Type : 8 Year(s)
Revised Exercise/Conversion Period Type : 0 Year(s)
Exercise/ Conversion Ratio : 1:1
Mode of Satisfaction of Exercise/Conversion Price : Tendering of securities
Settlement Type/ Convertible into : Physical (Shares)
Remarks : Conversion Price:
RM1 nominal value of Irredeemable Convertible Unsecured Loan Stocks (ICULS) for
every one (1) new fully paid-up ordinary share in the Company, subject to any
adjustment as may be made pursuant to the Trust Deed executed by the Company.
The minimum value for conversion required is RM100 nominal value of ICULS.

What is tendering of securities mean?

Just give up the ICULS and they will give you the new shares.

Corporate: M&A activity may surge in stockbroking industry

osk?

Dear people,

WTA: What is the different btw the FBMT100 vis-a-vis FBMEMAS indices?

Xuzen

Hi, anyway we can check how much total amount/percentage is held/kept by EPF/institution on certain stock?

100 stock vs entire market stocks.

try this..

http://www.kwsp.gov.my/index.php?ch=p2inve...hlights&lang=en

Great info thanks brother, too bad they only provide the data every quarter, how about the institution like Mutual Fund?

I just start trading recently but would like to know reason of some special transaction
1) I saw sometimes there are 1 lot buy/sell transaction, whats the purpose of that transaction? Are they trying to push the High/Low price? (i suspect)

2) I saw huge amoung of volume of buy/sell just before market closure (eg. 4:50pm) on certain stock, reason of they doing that? As i suppose those buy/sell will be void/cancel when market closure? Will those last minute transaction push the next day open price?

3) How we know the next day open price? As i saw sometimes the next day price is not follow the previous close.

Thanks for fellow Guru to explain

This post has been edited by popcorn513: Nov 10 2010, 05:19 PM

For those holding below 5% aka being classified as substantial shareholders, there is no requirement to release their details (transaction).

While whether mutual fund disclosure or not, or how to disclose is about fund itself policy.

1) yes, especially during the end of month, whereby the price will affect the index, may influence the index futures settlement price.

2) Yes, any matched transaction won't be cancelled. Just sometimes, fund managers/investors want to clear the position, or rounded up the particular transaction, as sometimes, they have mandate/target to buy/sell x amount of stocks during that days due to various reason.

3) Next open price will follow yesterday closing price.
Open price will be adjusted :
a) ex-dividend
b) ex-bonus/split
c) etc corporate exercise, like share reduction,