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 Q&A, General question on stock market

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htt
post Jan 10 2011, 01:37 PM

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QUOTE(t5t @ Jan 10 2011, 12:29 PM)
Hi!

If a company has profit after tax of RM11.5mil and net profit for the period of RM20mil. How can it have higher net profit than the profit after tax? Where does the RM8.5mil come from? For example, refer to SAAG 3rd quarter financial report.
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For Accounting Profit and Taxable Profit, there are always a big gap, so simply taking accounting profit & multiply with tax rate won't work. A lot of item does not recognized in tax or recognize in different pace with account, also tax difference with be taken into consideration in subsequent accounting period etc. In short, that's normal to have such discrepancy... tongue.gif
cherroy
post Jan 10 2011, 02:23 PM

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QUOTE(t5t @ Jan 10 2011, 12:29 PM)
Hi!

If a company has profit after tax of RM11.5mil and net profit for the period of RM20mil. How can it have higher net profit than the profit after tax? Where does the RM8.5mil come from? For example, refer to SAAG 3rd quarter financial report.
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Can be due to tax recovered as well.
Forgot which which company recent has similar issue.
Polaris
post Jan 10 2011, 08:58 PM

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This is a bit confusing,

user posted image

Sold 3m, 0 left, then the lates figure shows they have 138m on hand?
hongzheng
post Jan 10 2011, 10:00 PM

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maybe they acquire those share outside the closing period and hence not indicated in the table?

by the way which online broker that you subscribe to? the information is pretty interesting...
Novice76
post Jan 11 2011, 02:11 AM

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Hi. I am new to share market and would appreciate some advice on the following :-

(a) after selling my shares, how long does it take before I can use that money from the sale in order to buy other shares or to set off against a recent buy?

(b) if i sell shares within 3 days after buying them, i do not have to pay as it is considered "contra", right?

© are the profits made in the share market taxable? If they are, how serious are the IRB in checking?

Thanks!
teehk_tee
post Jan 11 2011, 05:20 AM

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QUOTE(Polaris @ Jan 10 2011, 08:58 PM)
This is a bit confusing,

user posted image

Sold 3m, 0 left, then the lates figure shows they have 138m on hand?
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according to my platform, it's quite a weird case
when they sold 3+ mil, (and ceased to be substatial shareholder), they didn't report how much shares were left after (maybe because after the sale they weren't substantial shareholders and not required to report shareholding). so that might explain your zeros.

but when they bought the 600k, they reported their shareholding interests post-buying, around 5.01%, then when they sold the 800k they ceased to be substantial shareholder again.. so again not reporting their shareholdings.

so its a case of going in and out of being a substantial (above 5%) shareholder.

Added on January 11, 2011, 5:36 am
QUOTE(Novice76 @ Jan 11 2011, 02:11 AM)
Hi. I am new to share market and would appreciate some advice on the following :-

(a) after selling my shares, how long does it take before I can use that money from the sale in order to buy other shares or to set off against a recent buy?

(b) if i sell shares within 3 days after buying them, i do not have to pay as it is considered "contra", right?

© are the profits made in the share market taxable? If they are, how serious are the IRB in checking?

Thanks!
*
(a) and (b) based on T+3 principle. if not mistaken T+3 is settlement on noon of the 3rd day after your trade is done.
( c) no capital-gains tax here.

This post has been edited by teehk_tee: Jan 11 2011, 05:36 AM
hongzheng
post Jan 11 2011, 09:46 AM

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QUOTE(Novice76 @ Jan 11 2011, 02:11 AM)
(a) after selling my shares, how long does it take before I can use that money from the sale in order to buy other shares or to set off against a recent buy?
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through certain online broker, you can have full access to the funds in a few seconds after the transaction is done.

if you stay long enough with a particular broker, they will normally allocate a certain amount of credit limit and you dont need to wait for the money from the transaction in order to buy another share.
t5t
post Jan 11 2011, 09:16 PM

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"For example, if Mr. X purchases 300 GUANCHG shares on cum basis on 9 February
2011, Mr. X should receive 300 shares on 14 February 2011. As a result of the
bonus issue, a total of 400 GUANCHG shares will be credited into Mr. X's CDS
account on the night of 14 February 2011 being the Book Closing Date.
Therefore, Mr. X can sell the bonus issue shares of 400 on or after the Ex-Date
ie from 10 February 2011 onwards."

One (1) Bonus Share for every three (3) existing GCB Shares held ("Bonus Issue").
The Ex-Date = 10th February
The last date of lodgement = 14th February

Shouldn't the last sentence be "Therefore, Mr. X can sell the bonus issue shares of 100 on or after the LODGEMENT DATE ie from 14TH FEBRUARY 2011 onwards." ? If after the Ex-Date and before the lodgement date, the only amount of shares you can sell is 300, right?
hongzheng
post Jan 11 2011, 09:47 PM

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Ex-date = Cut off point, buyer buy on ex-date is not entitle to div/bonus issue, but seller sell on ex-date will get the dividend/bonus issue

Entitlement date = The date that the company recorded the list of shareholder that entitle to the div/bonus issue, no biggie

Payment date/delivery date = The date where the dividend will be bank into your a/c or bonus share goes into your CDS

i.e

EX-date :19/10/2001
Entitlement date :23/10/2001
Payment date :30/10/2001
ts1
post Jan 11 2011, 10:43 PM

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QUOTE(iamsobloodysick @ Jan 7 2011, 09:23 AM)
Could anyone please explain the following accounts? What are the differences between, say allowance for doubtful debts and doubtful debts written off?
Allowance for Doubtful Debts- just a specific allowance for specific debtor said sykt ABC ( Dr. P/l Cr B/S)
Allowance for Doubtful Debts No Longer Required - Reversal of previous provision such as sykt ABC since amount due aldy collected
Doubtful Debts Written Off - BAD DEBT WRITE OFF...a) there is no provision before so simple write off (Dr. P/L Cr. Debtor) or aldy provided such as sykt ABC - reduce the provison acc (Dr.allowance DD Cr.debtor??)


Doubtful Debts Recovered- those aldy write off but subsequently recovered such as Sykt ABC


Allowance for Obsolete Inventories
Allowance for Obsolete Inventories No Longer Required
Allowance for Inventories Written Off
Allowance for Inventories Written Off No Longer Required
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inventories is the same lo
Diehard1798
post Jan 14 2011, 01:13 PM

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Hi SIFU here ,

newbie here , can anyone explain to me with example how to differentiate UNIT , LOTS ?

thank you very much
Diehard1798
post Jan 14 2011, 01:29 PM

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can anyone help me on this ...
what is LOT , UNIT ,

EXAMPLE :
i have Rm 10,000
xyz company share price at RM 1.00

meaning i can buy 100lot of xyz company share at RM 1.00

Correct a ?
goohtj
post Jan 14 2011, 01:44 PM

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QUOTE(Diehard1798 @ Jan 14 2011, 01:13 PM)
Hi SIFU  here  ,

newbie here , can anyone explain to me with example how to differentiate UNIT , LOTS ?

thank you very much
*
1 lot = 1000 unit
Bonescythe
post Jan 14 2011, 01:52 PM

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QUOTE(goohtj @ Jan 14 2011, 01:44 PM)
1 lot = 1000 unit
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Lol are you sure?
SUSStupidGuyPlayComp
post Jan 14 2011, 01:55 PM

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QUOTE(goohtj @ Jan 14 2011, 01:44 PM)
1 lot = 1000 unit
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TS is newbie, better use new and existing calculation..........

1 lot = 100 units
cwhong
post Jan 14 2011, 01:59 PM

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QUOTE(goohtj @ Jan 14 2011, 01:44 PM)
1 lot = 1000 unit
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that is singapore formula, malaysia formula is 1 lot = 100 units.

change already.... whistling.gif
Bonescythe
post Jan 14 2011, 02:01 PM

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QUOTE(cwhong @ Jan 14 2011, 01:59 PM)
that is singapore formula, malaysia formula is 1 lot = 100 units.

change already....  whistling.gif
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Yea, change already, so can eat more ikan bilis up the way.. Hahaha
JinXXX
post Jan 14 2011, 02:12 PM

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go here and read

everything is there.. already

http://www.klse.com.my/website/bm/trading/equities/
Diehard1798
post Jan 14 2011, 04:25 PM

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QUOTE(StupidGuyPlayComp @ Jan 14 2011, 01:55 PM)
TS is newbie, better use new and existing calculation..........

1 lot = 100 units
*
yayaya ...

Example :

XYZ company share at RM 2.00 , if you have RM 20,000 , you can buy 100 lots ( 10,000 units )


Correct ???

if not afterward "POK KAI" due to wrong computation
teehk_tee
post Jan 14 2011, 08:11 PM

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QUOTE(Diehard1798 @ Jan 14 2011, 04:25 PM)
yayaya ...

Example :

XYZ company share at RM 2.00 , if you have RM 20,000 , you can buy 100 lots ( 10,000 units )
Correct  ???

if not afterward "POK KAI" due to wrong computation
*
in our trading platforms 1 lot = 100 units , so yeah 100 lots = 10000 units.

but, in conversation, most (older) ppl still refer to 1 lot as 1000 units, because the change was recent .. i think it was in 07.
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