Hi first time owning maybank. This drp process is maybank will send you a form to opt in? Pay rm10 stamp duty?

I have not receive anything yet. If no action means choose cash?

Last time, I would wait for a physical form to arrive from Tricor (the registrar handling Maybank corporate exercises such as dividends). But depending on your mail service, you may receive the form late and won't have time to post it back to Tricor.

Since last year, it's no longer necessary to wait for the physical form if you register for an account with Tricor. Link: https://tiih.online/
With this, you can fill out your DRP form and pay the RM10 online and it's done. Quite simple as I've done it last year with no hassle.

Warning: you will need to upload a copy of your IC to Tricor. So depending on comfortable you are with that, you may not want to register for it. Although for me, there has been no issue.

About your other question:
The ex-date for this dividend is 17 Dec. So you need to be still holding Maybank shares on this end of this day to be eligible for the dividend. If you did not do anything to opt for DRP, you will receive cash.

This post has been edited by ZeaXG: Dec 7 2020, 04:38 PM

Thanks for the fast response. This tricor for all drp? Mine previously for cimb also paper. And yes always arrive after deadline or left few days. If tricor is for all bursa shares then I will register. Then again I might opt for cash, you never know if the shares will drop back all time low. Regret not buying more for bank stocks etc, now also don't dare to go in. The world economy is really bad actually, with so many people losing jobs.

Unfortunately, Tricor does not service all listed companies. CIMB is under Symphony, I think, which does not have an online service.

Whether you register or not, Tricor will still send the hardcopy forms, FYI. If you didn't manage to submit also never mind, you will still receive cash dividend in full

Ah. Gonna use the dividend and a buy CNY clothes la. Not much also haha

Guys, if I own 200 shares, the DRP will be RM 0.135 * 200
= RM 27
RM 27/7.68 = 3.5 shares

They will round down or up ?
Wow then if we opt this we will have odd lots leh..doesn't sound good right

Price per share denoted as PPS

Dividend entitled = .135*200 = RM27
Shares received = rounddown(Div/PPS, int) = 3
Cash received = Div - Shares*PPS

Depends if you're ride or die with MBB. I'll never sell MBB as long as business is usual so I don't mind the odd lots. If you plan to sell in future then take into consideration the extra commision to create odd lot order vs discount you get by opting in for DRP. Or choose the amount of shares for DRP to be board lots if you're entitled to >100 shares
Take note that by definition DRP is a form of share dilution, so your piece of the pie in the company decreases if you don't opt for DRP

This post has been edited by HolyAssasin4444: Dec 9 2020, 06:44 AM

Well, if round down, then the shares received will be priced at RM 9 / share. (27/3). Too high.

So means if u own less Maybank shares not worth to go for DRP I guess.

O well. Keep the dividend and reinvest in something else I suppose.

Yeap better take cash buy CNY clothes like somebody mentioned

Bro you contra again?

Sorry, I think the calculations in my initial post was too vague.

What I meant is that you will receive 3 shares at 7.68/share = 23.04 total
This means that if you opt for DRP, the 27 dividend is instead = receive 3 shares, AND 27-23.04 = 3.96 in cash

Think of DRP like this, the cash dividend received is partially used to buy the shares, any remaining will be given back to you in cash

An example: Let's say I own 1k shares.
Dividend I'm entitled to = 1000*0.135 = RM135
Since DRP is at 7.68/share, I decide to use DRP for 10 shares. That means from the RM135 dividend, RM76.8 will be used to get 10 extra shares.
What happens then to the remaining cash? I'll receive the remaining RM58.2 as cash dividend like usual

This post has been edited by HolyAssasin4444: Dec 9 2020, 09:47 AM

truncated. or round down in another words. no way they can round up, they won't have enough shares to go around.

yes, many will end with odd lots, when you sell it, likely that you will sell your board lots and leaving only your odd lots sitting inside, but this won't cost much anyway. you still receive div, etc in the long run.

but let's not forget, you get these shares at a discount compared to picking it up from the market, why not?

I can see how many small investors may want to opt out of the DRP if the discount is lesser than the RM10 for stamp duty. Which is why I recommend to put your DRP stocks in a nominee account. No charges and the broker help settle everything for you

nooooo......... you're wrong.........

i attached a very brief calculation for you below.

You will receive 3 MBB shares and RM3.96 in cash.....

your total received is still the same at RM27.

but if you compare your total market value will then be:

3 MBB shares at market rate now 8.29 per piece = 24.87

(plus): cash div = RM3.96

Your market value arising from the DRP = RM28.83

which is more than your cash dividend of RM27 should you elect to receive in cash.


Disclaimer: the calculation/illustration above strictly is to address the wrong perception and understanding here in this thread. The above is correct based on corporate finance principle and disregarded all other ancillary/transaction cost which you may or may not incur to exercise your right in electing either cash or shares with cash.




Attached image(s)

Hi bro, thanks for your clarification. I understand now.

However it is still not worth as will required to pay RM10 stamp duty which leaves the dividend amount to be only RM 17 if proceed with DRP

Thanks alot

Yes, this is correct. if you are a long/longer term investor, you will bound to have several rounds of DRP exercise, then you can make your odd lot into board lot of 100s as well.
in this case, you won't end up with odd lot for too long.

i take a long term view on mbb and such DRP exercise serves as a good opportunity for investor to collect new MBB shares at discount with very minimal cost (RM10 nominal stamp duty) vs if you buy from the market also more than RM10 for your transaction cost.

What can go wrong to the largest company in the country? if MBB falls, means your whole Malaysian economy also has collapsed.

hahaha, nominee account confirm no charges for them to help you manage your DRP exercise?
if there's no additional cost, then it is good~!

okay, i get where you are coming from, if i own only 200 shares, i would also likely opt for all cash option. but if you wanna build wealth in the lonngggg run, buying more MBB shares and get more DRP shares is also potentially another good option.

i have my long term view on mbb as below. I would suggest/recommend to opt for DRP if the amount (after considering all options) make sense to you.

Fuhhhhh tiger Bank suddenly jump. Almost almost hitting pre covid prices.