dont worry now still early, when anual report comeout this years as it going to be ugly will drop somemore, and now everywhere in world also in recession will drop futher, to around 750 point, at klse

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Added on November 3, 2008, 10:42 pmmost important is bullet($$) the rest isnt that important

so the price for now is not recommendded to buy in? 3.5 seem abit too low..

Price below RM 4.00 can be considered already i think  Should give you some margin of safety

Then I queue at 4.92

You need to weigh in the ordinary share with the rights.

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Added on March 6, 2009, 6:52 am
Mean if you hold 100 share of maybank, you entitled to buy 45 share of Maybank at RM2.74 a piece. The price will adjust down to RM4.17 after rights.

No impact to the rights, as the price already fixed. But the ex-right price might get affected.

Closing price prior before ex-right let say 4.50

Opening price after ex = (4.50 x 20 + 2.74 x 9)/29

I need to pull out all my cash at maybank and dump it to public bank.

i mean my cash in my saving and current account 90% got to leave maybank vault and move to PBB vault.

Despite several analysts commenting that the discount Maybank is offering is steep, some industry observers say it might be better for shareholders to exit their investment in Maybank before the rights issue and enter again after the exercise has been completed. Some fund managers that are holding small blocks of shares in Maybank are said to be considering exiting the banking group and not taking up the rights shares as they are of the view that the counter will be dragged further down. This probably explains why Maybank and TMI dipped to their respective 52-week lows of RM4.82 and RM2.63 last Thursday. Minority shareholders say earnings enhancement is unlikely to be visible for Maybank over the next 2 years, given the bleak global economic conditions that will weaken the banking group's international operations.

In theory, shareholders holding 20 shares would be entitled to 9 rights shares, which they could renounce on the market for RM1.43 each (RM4.17 minus RM2.74) or a total of RM12.87. The RM12.87 or 64.35 sen per share (divided by 20 shares) will help mitigate the dilution. However, given the soft market conditions, will shareholders be able to renounce their rights at RM1.43?

Smart investors would do well to avoid companies that are calling for more capital from shareholders as it would be better to buy the rights entitlement than the mother share, which could be cheaper in a bear market.

1. Sometime there is a window to dispose the right for the right issue in open market, you can try there if there is one.
2. Buy right for the right issue from open market (cannot apply for excess).
3. No commend. But DBS up after ex-date for right.

If they open a window for rights to be trade, it will be something like a 'super short term warrant'. You can just buy the like warrant from KLSE (through any investment bank/ sec.). But not every time they have such window.

It will be traded afterwards in the market which you can buy and sell just like ordinary share. Generally the window which enable the right to be traded is around 1 week. After 1 week or so, it will be delisted for the proceeding of right issue allotment/subscription.

Possible name or counter name given will be Maybank-OR.

It depends, what account (direct or nominee). Seek your stockbroker to proceed the right subscription, they should able to assist you in this manner.

Hee..thanks sifuu...i think i will buy the rights..close today @ 1.06..mother share now trade at 3.92...if i buy rights i'll get mother share @ 3.80...thats 12 cents = 3% discount (for the hassle of suscribing the rights then convert to mothershare)...am i right ?

May I know what is this Maybank-OR . Am I suppose to use this counter instead for the 900 rights offer?

http://www.theedgemalaysia.com/business-ne...arly-trade.html

dun know wat u all talking bout just play stock not long ago
but i wanted to know that is that this OR have limited period?

@ htt and kmarc... thanks

but today there is something that i m not understand and need some clarification...

yesterday my broker call me regarding the right and i decided to sell, then i order her to sell the 450 units at 1.04...
so i just received rm468 today

strangely today i received a letter, if i sell my share i should be entitled an amount of rm1.2k but now i just only got rm468

how?