Monday is the last day of april, which is the last day of the 1st Q. Do you think fund manager still start to sell off their share they bought recently during the rally to make their profile looks good on Monday ?

Why not? Instead putting in FD of 3.7%, I can get 6-7% and now with some reit price going down, the yield mostly become more than 7% net (after deducting witholding tax, if not witholding tax, gross yield is around 8-9%)

Reit is not like ordinary stock. You can't treat it as normal stock.

Final gross dividend of 15.0 sen per share and a special gross dividend of 10.0
sen per share on 400,000,000 ordinary shares, less income tax of 26%.

is tat mean u need to have 400,000,000 shares only entitled for the dividend??


Final Dividend of RM0.075 sen per RM0.50 share less Malaysian Income Tax and
Special Dividend of RM0.225per RM0.50 share less Malaysian Income Tax.

tis one also.. means is 15 sens dividend total right?

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wao.. MAYBULK giving 30sens TE

This post has been edited by aretla: Mar 28 2008, 11:35 PM

No, it just mean that are 400 millions shares outstanding in the market that entitled for the dividend.

0.075 + 0.225 = 0.25 less 26% = 18.5 cents net.

= 30 cents less 26% = 22.2 cents.

Thanks lklatmy for highlighting my mistake.

This post has been edited by cherroy: Mar 29 2008, 12:08 AM

so wat does the per RM0.50 shares means?

0.30，fren. Too many figures today?

0.50 is the par value of the shares.

Just like you have 1 millions paid up capital, you can either issue with 2 million shares of Par value of 0.50 or 1 million shares of 1.00 each. If you issued Par value of 0.50 will ended more shares in the market. That's the different.


opppss, sorry for my mistake, probably dealing with too many figure.

Thanks.

yeah.. understand now..thanks..

most of my monitored stocks (since last year oni) started to fire up
but oni have enuf bullets to get 1 (tebrau)

dunno shuld just hit n run on each of them, or hold to 1,

DJIA closed the day with:

12,216.40 -86.06 -0.70%

Maybank doesn't need to raise funds

By KATHY FONG

PETALING JAYA: Malayan Banking Bhd (Maybank) does not need to raise money to finance the proposed RM8.6bil cash acquisition of Indonesia's PT Bank Internasional Indonesia Tbk (BII).

However, in the longer term, the group would explore various fund-raising options, including the issuance of new shares, to implement an active capital management policy post-acquisition, a Maybank spokesman said yesterday.

"We have cash and liquid assets of RM34bil. That's sufficient to pay for BII and Vietnam's Ann Binh Bank (RM430mil cash).

"There is a possibility that we may opt to raise equity funds to maintain our capital adequacy ratio but not for the acquisitions," the spokesman told StarBiz.

Maybank's top management had told an analysts' briefing on Thursday that the group was looking at several options to raise funds. They included equity, innovative and non-innovative tier-1 capital, and subordinated debt.

The remarks led analysts to believe that Maybank may want to raise equity funds and, as a result, bring in a new strategic shareholder to help finance the mega deal, which would allow the group to gain a foothold in Indonesia.

The Maybank spokesman, however, said there was no such intention.

Nonetheless, analysts say regardless of Maybank's reasons for raising money, it is undeniable it would have to find fresh funds as a result of the BII deal.

"The company hinted that the BII deal would be partly financed by equity,'' CIMB Equity Research said in a report issued after the briefing. "This will not be in the form of a rights issue but new shares issued to foreign strategic shareholders."

The stockbroker said Maybank had ample capacity to raise additional capital, including RM2.5bil in innovative tier-1 capital, RM7bil in non-innovative tier-1 capital and RM4bil in subordinated debts.

RHB Research expects Maybank to have the capacity to raise RM9.5bil in hybrid tier-1 capital.

To maintain a comfortable tier-1 capital of 8%, Citi Equity Investment said the "best option" would be to raise equity capital.

It estimated that Maybank would need to issue equity funds of RM3.6bil should the group opt to tap the equity market. "This could require an estimated 8% increase in issued capital," it added.

CIMB Equity Research said Maybank's goodwill would soar to RM6.45bil after the acquisition.

The purchase would reduce Maybank's core capital to 6.3% from 9.7% and the capital adequacy ratio (CAR) to 10.4% from 13.9% since goodwill would be deducted from the group's total capital in the calculation of CAR. "Hence, the group needs to issue new capital in the form of tier-1 hybrid capital or subordinated debt to raise the CAR to 11% to 12%," the research house said.

URL: http://biz.thestar.com.my/news/story.asp?f...50&sec=business

Ehh, how come the online trading is active now (both Maybank and HLB)?

Market is down by -228.04

Is certain counters allowed to trade on weekends?

Probably they are running or testing with mock run to test their software, nothing to do with the real trade, just try out.
It is quite norm for some online trading portal to do the mock run during weekend to test their software and compatibility issue with clients.

OIC. Thanks

flip thru newspaper
knowing that HARTALEGA is a hand glove maker/manufaturer huh
i doubt it would perform well, look at TOPGLOV (price falling from 6.40 to 4.00)

anyway, it will be listing in BURSA on 17th-Apr
IPO price RM 1.80

p/s: the name itself doesn't sound "ong" to me
difficult to pronounce either

Hi,
I am using HLeBroking account all the while and I notice that they offer 0.10% brokerage for intraday trading.
I have a few questions and hope the brothers here can help me.

1. Do I need to explicitly tell them that I need the intraday facility? Or is just just when I buy and sell in the same day, then my brokerage fees will 0.10%?
2. Based on question 1, whenever I buy a stock, I notice that my account is debited with the amount of stock I buy and with the 0.42% brokerage fees. So if I am going to sell in the same day (if this will activate intraday trading), does that mean that some portion of my initial brokerage fees of 0.42% will be credited back to me so that the brokerage fees is lessen to 0.10%?
3. For intraday trading, does the minimum brokerage fees of RM12 still hold?
4. Does the system actually allow buy and sell on the same day? Any problem with this based on the T+3 rule?

This post has been edited by okk: Mar 29 2008, 02:33 PM

Based on my intraday experience using RHBInvest:
1)They will create new intraday account for intraday trading purposes. That intraday account is just extension from your existing account. For eg: Your normal trading account is A1. Your intraday trading account will be A1-D. Whenever you want to trade intraday, you need to use this intraday account.
2)Nvr encounter this before. Anyway if you can't managed to sell stock that you bought that day, your broker will call you and transfer the stock to your normal account and charge normal brokerage fees.
3)Not sure. IMHO, i think it should.
4)No T+3 rule applied for intraday trading only if you managed to buy & sell at same day. Else will treat it as normal trading.

Drawback:
Your remisier will always call you whenever reaching last hour of trading to ask you sell this stock(quite troublesome if you working). But it can avoided if your broker trust you.

This post has been edited by dreams_achiever: Mar 29 2008, 04:03 PM

Anyone can explain what does "CUP" or "DUP" means whenever I want to purchase shares (in Maybank online)?

I just tembak select CUP for now . What is the difference and the pros and cons of each method?

Thanks in advance

wah you just main tembak only. From the FAQ it states that;

"Committed Uncleared Purchase or CUP
Where there is cash or available margin in the account at the time of placing the purchase order, the said order can be tagged as 'CUP' trade. This cash or margin amount will be locked for this 'CUP' trade for settlement."


"Direct Uncleared Purchase or DUP
When the said funds are available at the time of placing the purchase order, the order will be classified as a 'DUP' trade. "


Not really sure but I can guess maybe if you have margin, it will deduct the margin when you make a CUP trade. Where as in DUP, it will deduct the cash available from your account. In other words, you can't make purchases beyond your margin of trading. Best if you ask them directly to be honest.

Got a questions to those who are accomplished traders.

Is it wise or better to declare your trading profits as personal income or register a business and file it as company tax?

With personal tax, cannot get much deductions and need to pay more tax. Where as for business, can whack a lot of things in expenses to reduce tax

Can we register our company as share trading and others?