Hi All Financial Sifus,

Is it common pratice that if v buy a foreign stock, i.e. Singapore or Hongkong counter, the shares are usually parked under the Malaysia's broker nominees account at respective foreign broker? If so, will v be entitled to anything corporate action or dividend?

BTW, which brokers offers the best rate in Malaysia? Does anyone know Aseambanker's rates on foreign counter?

Thanks in advance.

Is anybody having experience to trade overseas share? US, HK or UK.
Any local securities firm provide real time quote for the above market?
Thanks in advance...

I think Hong Leong Bank do provide trading in Singapore and HK shares Live online...

Hi,

You should get all your entitlements even though the foreign shares are parked in nominees account. Different brokers charge different rates, usually there are other charges to consider as well like custodian and collection fees.

If you want to get more info on trading in foreign shares, you are welcome to contact me at 012-6082922.

Cheers

This post has been edited by cmfok: Nov 29 2008, 11:17 AM

Beside Hong Leong, any others firm provide foreign share trade service?

Trading in foreign shares. Can any one tell me the tax implications? eg Dividends- what happens to the withholding tax? Also what about capital gains. US has a capital gains policy. Will my gains be subject to it? How to calculate?

If you are holding Malaysia citizenship and you are NOT a permanent resident of US (or working as temporary worker in US or reside more than 180 days in US), if you have profits of the US stocks, you are NOT subject to capital gains. However, if the stocks that you owned have dividends and if you collect cash from US companies, those are subject to 30% tax by US govt.

Also, I think Malaysia will also tax you when you bring home your profits become those are considered income and is subject to income tax. (ahem..there are ways to do this under the radar.. but that's out of topic for now. )

This post has been edited by danmooncake: Feb 4 2009, 08:42 AM

I opened a trading account in Singapore with Phillip Capital.
Can trade US, Spore, HK, Tokyo pun boleh.

Live quite some more. I don't know if there are any brokers in Msia that provides live quotes for foreign stock exchange.

Foreign source income should not attract Malaysia tax.

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Added on February 5, 2009, 1:07 pmIn Singapore almost every brokerage have that facility.
But the price real time (NYSE & NASDAQ)? Most are delayed 15 minutes or so. If so, I should activate my account back

This post has been edited by htt: Feb 5 2009, 01:08 PM

I am not clear on this either.. I think if you bring in a large sum of money (eg. >1million).. I'm sure
it will attract the Inland Revenue dept because banks maybe required to report those types of transaction due
to anti-money laundering laws.

I think so long if you can prove the income is legal & not taxable, there shouldn't be much problem.

Trust that LHDN will want a piece of that money that you are bring in.
They'll find a way or excuse the tax the crap out of you. X^D

Haha... common folks like us always have that kind of perception, I really don't know how we came to this? They suppose to be an ethical organization working for government
But their reputation only slightly better than loan shark to me

Currently foreign income irrespective of the amount is tax exempted someore you will have documentation that the money is from sales of shares/dividen from your stock broker. I am more worried from the overseas side eg Australia, UK/ Hong Kong. Since you have already commented the US view , it should be ok to invest in US shares. 30 % Ouch.

Yeah, the tax on dividend is high but sale of shares is ok.. no tax.
For some reason US govt consider dividend as income, not as capital gain.
Some US stocks are dirt cheap now..I'm buying 'em for long term investments.

iamyuanwu, FRE, FNM and XTXI in ur radar, they are good stock, my target price to buy fre/fnm < 0.50 and XTXI < 3.00.


NG can buy when it below USD 1.50

This post has been edited by alivecmh: Feb 7 2009, 01:23 PM

CIMB

Both FRE and FNM won't be long before they test below 0.50..
But, I won't touch them with a 10m pole. Financial stocks.. are too yucky right now.

But..commodities (Oil, Steel, Copper).. wow.. look those prices.. time to grab some, and
some of the companies that do business with China, when economy recovers..
that's going to big fat cheque!

This post has been edited by danmooncake: Feb 8 2009, 02:26 AM

Do one have to open a new account or continue to use the existing account to trade ?

What existing account are you talking about?

Rephrase your question and ask again. Wasn't sure which post or thread you are refering to.

www.ameritrade.com
www.interactivebrokers.com
www.internaxx.lu

Hello Professional Traders,

Could I ask did anyone came across Noble Trading at 'http://www.nobletrading.com/' ?

May I know how is their overall service and are they reliable?

Beside Noble Trading is there other International Trading website that can provide more range of trading services/options?


Thank you

just open ameritrade if you are new investor their customer sevice is superb.

Any one using Option Express

www.optionxpress.com

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Added on February 27, 2009, 8:20 pmMay i know
a. How is the fund transfer ??? Is it safe? What should we take pre-cautions when we transfer fund to Ameritrade? What is the lead time for fund transfer???
b. How do we get back our money ??? is it reliable ? And what is the lead time to get back our money when we sell our shares??


c. Is it USD 9.99 irregardless of the number of transactions? Any hidden cost for inactive or for low trade or any maintenance fee required to maintain this account???



This post has been edited by Kamen Rider: Feb 27 2009, 08:20 PM

I am looking at a wider ranger of international trading option such as trading stocks, forex, bonds, funds, gold, and soft markets such as sugar and etc etc.....

Thank you

Is there any way to go into Indonesia (IDX) market shares?

www.ameritrade.com (good charts and research news).. a tad more expensive than what I'm willing to pay.
www.scottrade.com is cheaper.. only $7 per trade.
www.etrade.com same price as scottrade.com, more tools..but user interface can be confusing. etrade allows you to buy HKSE stocks.
www.sogotrade.com is cheapest..$3/trade but I dunno much on this but many overseas Chinese investors like them.
www.optionsxpress.com - no idea on this one.

To transfer fund, just use WireTransfer or mailing a BankDraft to them together with your paper application.
Yes, most US brokerage are safe.. just look for the SIPC logo. They are licensed brokerage to be your custodian for your securities/stocks that you own and you can transfer them out if you wish change brokerage in future.
IMO, investing on US stocks are more transparent than KLSE.. you can very easily find tons tons of info
on the companies that you wanted to invest and most of them are very up to date (unlike the ones listed on KLSE - most info are always out of date). There are always hidden cost.. be sure to read through everything esp. on the fees... some has no maintenance fees. I know Ameritrade offers money market account with interest if you leave cash into your account. If you're into day trading, be sure to get better Internet speed.. some people complains Streamyx cost them thousands of lost trade because the connection is bad.

This post has been edited by danmooncake: Mar 1 2009, 12:13 AM

Is there any way to enter IDX (Indonesia Stock Market) through our own Malaysia broker firm?

1)can 10k invest foreign shares?
2)if can, how to go about it?
3)any good investment books u've read?

There is another thread talking about US stocks, if wish to refer and discuss which potential has some answer in it.

http://forum.lowyat.net/topic/857625/+20

im very interested in using www.ameritrade.com.
Im not into day trading. me interested in 3-4 yrs investment.

danmooncake: mayb we can have dinner together n u show me how u use ameritrade.com? dinner on me.. hehe

This post has been edited by dante3: May 29 2009, 03:55 PM

386 SINOPEC CORP P/E 7.x, Div yields 3.4% but huge potentials for China markets and maybe all over the world.... State owned company (Sinopec Corp. Dividend Distribution Policy
The Board determines the dividend distribution policy of the company for each year on the basis of its business operation, cash flow, financial condition and prospects, and the policy shall be submitted to annual general meeting for approval and implementation. In accordance with Sinopec Corp.'s Articles of Association, the company's profit available for distribution comprises the net profit available for allocation and the unallocated profit brought forward from the previous year, the dividend distribution will not exceed 40% of the profit available for distribution. The profit available for allocation for the year will be the net profit as determined in accordance with the PRC Accounting Standards for Business Enterprises and International Accounting Standards, whichever is the lesser, after deducting 10% to be transferred to the statutory surplus reserve.)


3988 BANK OF CHINA P/E 7.x, Div yields 4.6% China third biggest bank by market capitals....... 52-W Low 3.517 NOW 3.73 inflations push this down, bcoz of rates hike and rumours said will hike again in the near future, expected to drop again if rate hike .....


questions is why the PE so low and nobody care to look at it (looks at local banks, PE double digits except one or two only) ..... bcoz of currency risks? maybe long term investments will be more suitable.....

This post has been edited by cwhong: Jun 23 2011, 01:43 PM

HK and Chinese stock is a very boring discussion here. So probably best to merge all of these treads.

http://forum.lowyat.net/index.php?showtopic=1670100
http://forum.lowyat.net/index.php?showtopic=1192049
http://forum.lowyat.net/index.php?showtopic=1085219
http://forum.lowyat.net/index.php?showtopic=857625
http://forum.lowyat.net/index.php?showtopic=688790

thanks bro zaman but how to merge it? never know there is so much about HK shares market ......

remisier recommend 3988. I also not so aware of HK market... you enter 3988 or not?

Not yet still considering bcoz of limited funds let it sit in my watchlist a little longer beside this ICBC also not bad. If china raise rates again sure confirm go in de.

Need to PM the moderator to merge all.

Should be nice to have all the HK/China under one roof.

BTW - I never and not intend to trade HK/China stocks

thanks bro .....