I normally call my remisier for ordering, so this does look a bit confusing.

I suggest you check under real time prices tab at the top, click the account info, and check your order status and past transactions there. It should be reflected within 24 hours.

osk online question.

1. When i select XXX share, then i click the buy button, then click on the bids button, there will be a table stated bids/offer, price and qty.
the quantity, is it the qty x 100 or its the exact number of queueing?

2. Another question is that.......many forumers here know that for ex:
XXX share got someone buy at 1.00 for 100 lots, then someone sell at 1.2 for 100 lots.
From where can i get that precise information??

3. Let's say i've submit a sell request for share XXX at price 1.00, when will the system update whether it is successful or not? or how u guys know in a shorter time? by calling the remiser to check the status after submitting the request online?

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Added on April 15, 2008, 4:35 pmCant access osk188 now? only me or their site down?

This post has been edited by joanalooidog: Apr 15 2008, 04:35 PM

1. The quantity stated is always in lots. So when it shows 50 lots or 76 lots, just multiply by 100 shares. That is why when you try to place a bid/offer, you key in the number of lots. At the side there is an indication of 'x 100' which is telling you 1 lot equals to 100 shares.

2. Unfortunately OSK188 does not time and sales function that I know of. You can get this from third party website like Invest Asia Online where you need to register for a basic account and then you can access the time and sales report of Malaysian counters.

3. The bad thing about online transaction is that there is no one specific person to call to ask this kind of questions. You have to put your faith in the system and wait for it to update in order for you to know. Time for the updates depends on the system lag, connection lag, etc. For fastest response, get a remisier/broker that let you know whenever your transactions are done. Pay extra surely got benefits you know

osk online question:

I registered a CDS account with OSK(not nominees) before I register OSK online trading. I subscribed a IPO with this CDS account.

My question is, can I sell this IPO thru online or I need to get a remiser to sell it off?

If you are successful in your IPO application, you should be able to sell it online as well as long as it is credited to your CDS account.

Edit: Deleted, read Cheeroy's correct explanation instead.

This post has been edited by skiddtrader: Apr 18 2008, 03:57 PM

One only can have one CDS per investment house or broker house. But one can have mutiple CDS account with different broker house.

For non-nominee account,

If one bought xx share in OSK, then it wil be credited into your CDS that open in OSK.
But if one bought yy share in CIMB, then it will be credited into your CDS that open with CIMB.

Those CDS accounts are not cross-linked and remain as individual one. Aka even you have xx share in OSK CDS account, you can't sell through CIMB even though you have the share. Unless one transfer it to the OSK CDS, otherwise one needs to sell through CIMB.

But one can have 2 trading account with OSK, but only 1 CDS account can be opened with OSK, you can't have 2 CDS account with the same investment house and it will be shared among the 2 trading account.

Hope this clear up a bit.

Thanks for the correction cheeroy. I was under the impression I can only have 1 CDS account but didn't know can open another with a different broking house. I thought must use same CDS account.

As per KLSE FAQ;

'Can I open more than one CDS account?
An individual investor is allowed to open only one (1) CDS account with each ADA. However, a corporate investor may open multiple accounts with the same ADA.'

ADA = Broking houses.

This post has been edited by skiddtrader: Apr 18 2008, 04:01 PM

Welcome, I knew because I have multipe CDS with different broker house.

thanks you

Hmm...the IPO I bought is thru OSK CDS account. So means I can sell it online using OSK online trading?

But I tried that b4, the system doesn't allow me to do that. It said I did not have any stock for that share.

You need to check with OSK whether the IPO shares had been credited into your CDS already or not.
or
Check with OSK regarding the online trading restriction/problem if the shares already being credited into your CDS.

Is confirm the IPO is credited into my CDS account coz I got received the dividen before from this IPO.

CIMB itrade or internet trading

- minimum brokerage rm12 or 0.43% whichever higher (osk188 min rm28)
- no need minimum deposit (clicks trader need to put in 10k minimum)
- no need minimum amount inside trust account to earn daily interest at around 3%. (Osk 188 need to put in min rm5000 to earn interest)

Have you ever got any letter from Bursa Malaysia regarding your CDS account balance?

If you say you've already received the dividend, that means the share should be reflected in the CDS account already. So not sure why OSK can't seem to process your transaction. Best is still to call them and ask.

Can i know what factors you all consider when open a CDS account with any bank ?

cds with bank backed broker i.e cimb .

Benefits : transfer of funds fast..from savings / current account to trust account seamless through internet.

Funds clearing ..i.e proceeds from sale of shares fast 1 day only. Non bank backed brokers will need minimum 3 working days.

Accesibillity of service is one thing.

When you want to open a CDS account, you have to be present in person. So definitely somewhere not too far from where you live is good.

Quality of service. There are quite a few complains from Maybank2u users about the inability of using their trading platform during peak hours of trading. Not saying their service is bad, just that you have to judge if the service you are getting or the lack of it is worth you losing your money due to it.

Ease of payment. If you happen to need to pay your broker for your shares, how easy or convenient would it be to you. Is their office nearby? Different modes of payment available? etc.

After sales service. Broking houses depend on repeat customers to survive, so most of them has quite a good rapport with their customers. So if you happen to find one that hardly cares if you get the attention you need, maybe should find one that readily service you.

Trading platform efficiency. All broking houses have their own version of online trading platforms. Some has basic features of viewing prices and trends, some has up to date KLSE news. Even some has daily research and recomendations. All available in the comfort of your home or office.

Integrity of the Bank. Somehow subjective because most people would think the biggest ones are the best. But ever wondered if they are so big, what makes us think that small timers would even get any attention compared to their multi millionaire customers. And with thousands of people as their customers, are you even worth listening to if you have a complaint? So big is definitely not always good.

Rates. Online prices have become quite a hot topic these days with people looking at the best deals ever for minimum brokerage fees especially for online transactions. Just to remind the folks that online trading has little or no human interaction, meaning if you screw up a trade like buying a expiring dead warrant, the PC is not going to talk you out of it.


Thats about what I can think of at the moment, but the chief reasons should be the convenience of trading and the quality as well.

Hi,

I also a qute new member in share, just wanna tumpang some question.

1. Lets say my friend buy a share with price RM6.35 per unit for 1000 units, but the osk188 charge him about RM6,386.91.. May I know how to calculate it the charge fees?

2. How about if lets say he plan to sold the share with price when RM6.6? How much he will earn and how much getting charge?

Need your advise.. thanx..

There are 2 kinds of brokerage rates out there, online rates which is 0.42% or a minimum of RM28(or less) which ever is more and 0.6% or minimum RM40 for trades with remisier/broker whichever is more.

On top of that, you need to pay 0.03% for clearing fees and also RM1 for every RM1000 as stamp duty.

1. I assume your friend uses online trading so the breakdown would be;

RM6.35 x 1000 shares = RM6350 purchase

RM6350 + 0.03% = RM6351.91

RM6351.91 + RM28 brokerage fees = RM6379.91

RM1 for every RM1000 means for RM6379.91 = RM7 stamping duty

So your final price would be RM6379.91 + RM7 = RM6386.91 (RM36.91 of brokerage fees and stamping duty)


2. If your friend decides to sell at RM6.60, the calculation will be;

RM6.60 x 1000 shares = RM6600 sales

RM6600 + 0.03% = RM6601.98

RM6601.98 + RM28 brokerage fees = RM6629.98



RM6629.98 + RM7 stamping duty = RM6636.98 - RM6600 = RM36.98 brokerage fees

Profit therefore is RM6600 - (RM6379.91 + RM36.98) = RM183.11

This post has been edited by skiddtrader: Jun 15 2008, 01:24 AM

How come when u sell the share, you add the brokerage fee,0.03% and stamp duty to the sales? Shouldn't you minus them off?