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.

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

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~! 

Not sure about other brokers, but I'm using Rakuten for nominee (not a plug, they have their own issues with server). Up till now I haven't get charged any fees including stamp duty for DRP and issues.
Really recommend you to look further into it! Can save alot of money over the long run. DRP is as easy as entering the number of shares on the client webpage and that's all

Bro you contra again?

i think there will be some charges, even processing your dividends, they will charge you something.

so i believe that there will be fees charge to all kind of corporate exercise.

There really is none, for dividends, drp, right and bonus issues. For the past few years with nominee account I haven't been paying any corporate exercise fees, which is why I initially created one to put my stocks with regular drps. Can go read their fees structure if you doubt it

niceeeee..... lemme open one with them and only accumulate these stocks for super long term one.........

Not sure about other brokers, but I'm using Rakuten for nominee (not a plug, they have their own issues with server). Up till now I haven't get charged any fees including stamp duty for DRP and issues.
Really recommend you to look further into it! Can save alot of money over the long run. DRP is as easy as entering the number of shares on the client webpage and that's all

wow, this is like finally a strong point for me to start use my Rkt  account...waiving all the fees in DRP and issues is really attractive leh. Just have to put shares with consistent DRP background.

Downside for those who own nominee account only is that if u only have this account then can't apply IPO right

Not sure about other brokers, but I'm using Rakuten for nominee (not a plug, they have their own issues with server). Up till now I haven't get charged any fees including stamp duty for DRP and issues.
Really recommend you to look further into it! Can save alot of money over the long run. DRP is as easy as entering the number of shares on the client webpage and that's all

wow, this is like finally a strong point for me to start use my Rkt  account...waiving all the fees in DRP and issues is really attractive leh. Just have to put shares with consistent DRP background.

Downside for those who own nominee account only is that if u only have this account then can't apply IPO right

1 more cent to pre-covid price. crazy liao

Hi, i'm using rakuten, do i need to do anything to opt for DRP? thanks,

me too, I found this
https://www.rakutentrade.my/faqs/corporate-...take-over-offer
but I did not receive email or see it in my “Corporate Action Subscription” page
maybe anyone had done it before can give some insight?

me too, I found this
https://www.rakutentrade.my/faqs/corporate-...take-over-offer
but I did not receive email or see it in my “Corporate Action Subscription” page
maybe anyone had done it before can give some insight?

yes, first thing i checked was the “Corporate Action Subscription” page. may be need to wait.

Sorry guys..Im no longer a member of this elite group of MBB shareholders. Exited all my Maybank position today.

Sayonara..

Sorry guys..Im no longer a member of this elite group of MBB shareholders. Exited all my Maybank position today.

Sayonara..