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?

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

RM6.60 x 1000 shares = RM6600 sales

RM6600 + RM28 brokerage fees = RM6628

RM6628 + 0.03% = RM6629.99 (rounded)

RM6629.99 + RM7 stamping duty = RM6636.99 - RM6600 = RM36.99 brokerage fees

Profit therefore is RM6600 - (RM6379.91 + RM36.99) = RM183.1

Still the same. Just he might be confuse the way you compute. Make it straight forward, then he can see more clearly and easily.
You method still right, just the way of the calculation, he might not see it.

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 + RM28 brokerage fees = RM6378

RM6378 + 0.03% = 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)

Profit therefore is RM6600 - (RM6379.91 + RM36.99) = RM183.1

I think ur calculation wrong already,although the final amount is same

My calculation is:
RM6.35 x 1000 shares = RM6350 purchase
RM28 brokerage fees
RM 6350 X 0.03% = RM1.91
RM1 for every RM1000 means RM 6350= RM7 stamping duty
TOTAL All together = 6350+28+1.91+7 = RM 6386.91

All the 0.03% and stamp duty is calculate base on the share value only
Any 1 know which 1 is correct caculation?

3. 1000 x RM2 = RM2000

RM2000 +( 0.6% or RM40 whichever is higher) + (0.03% clearing fees) + (RM1 Stamp duty for every RM1K)  = RM2043.60 is what you have to pay. RM43.60 is the additional charges you have to pay your broker.

4. 1000 x RM2 = RM2000

RM2000 - (0.6% or RM40 brokerage charge, whichever is higher) - (0.03% clearing fees) - (RM1 stamp duty for every RM1K) = RM1956.40 is what you will get after you sell. RM43.60 is the charges you need to pay your broker for the 'SELL' transaction.

do u mean total 2 transaction buy and sell fees and charges is RM 87.20 ?

mean we need to sell at min price 2.09/unit to make profit from the stock?

RM 2.09 * 1000 is RM 2090.00

RM 90.00 - RM 87.20 is RM2.8

so our profit is RM 2.80

am i right for my calculation???      

It is not straight forward like that, if you sell at 2.09 then the charges for the SELL transaction will be on the RM2090.

Thus, RM2090 + (0.6% or RM40 whichever is higher) + 0.03% + RM1 (for every RM1k) = RM 2133.63

Your charges for the SELL transaction is 2133.63 - 2090 = RM43.63 ( notice the RM0.03 difference because it is based on the SELL price)

ou...outsider also here...

Is nominee or non-nominee account will affect the way of given dividen / financial report ? For example , they will issue cheque(dividen)under OSK name to OSK , then OSK only will issue cheque to us under our name ? Or financial repost will post to OSK then only OSK post to us instead of direct post to us ?

all sifu,

i would like to open an account and i will be dealing through broken rather than online bcoz lack of internet resources... i wan to ask is that osk is really good? someone said their charges is very expensive, but do they provide good services?
i currently looking for a valuable broker and better service...

thanks

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Added on October 14, 2008, 8:02 amforgot, and i alternative will be CIMB...