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

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

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

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

This post has been edited by HolyAssasin4444: Dec 9 2020, 10:16 AM

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

Yep. That's why I have 1 direct and 1 nominee CDS. Those DRP stocks in nominee, rest of them in direct. Can use direct for IPOs

Sometime after book closing rakuten will send you an email notifying you about the corporate exercise. There's a section in the 'Corporate Action Subscription" page to fill in no. of shares, click enter and let them settle. The shares will appear in your portfolio when they are listed and available for trading

Check back around month end, should be available by then. Rakuten will send an email notifying you about it, can check the webpage again after receiving the email

My best guess is that your drp electable portion of the dividend is not sufficient for flat number of shares and it got rounded down, eg RM80 dividend/RM7.80 = 10.25... shares, round down to 10 shares
You will receive the remainder in cash