INTERVIEW: Malaysia, Singapore Stock Exchanges To Be Linked By June - Bursa CEO

[KopiKat]

Sgd,

May I ask: Your shares are held direct with M’sian broker or through local broker?

Me too, still holding some counters and receiving dividends, and still paying the $2 per counter to local broker every month.
Have been thinking of selling off and putting the money into their fd, giving about 3% plus for non-residents…

Yes, for some reasons, we tend to give some discounts to some of their policies after all these years!

Anyway, let’s hope this time, it’s Malaysia boleh!

Sorry I don't have that info on how that is being managed, I can see the shares listed in my cdp account but I'm not paying any money every month. During he staggered release of clob shares a few years ago I refused to sell it. The value of these 10 lots is now a small fraction of what it once used to be when I bought it in 1995.

I'm keeping it as my act of defiance and protest to the malaysians officials that the CLOB issue still exists and still has NO SATISFACTORY CLOSURE

The $2 / counter charge is imposed by most brokers for holding any foreign stocks. But, if you have minimum 2 (?) transactions per mth (can be local stocks), they'll waive it. Can check with your broker.

In my case, I had a happier closure with my CLOB experience. After they released all my CLOB shares, only one counter was +ve with the rest (MUI, MBf, APLand,...???) having become penny stocks. The exception was PBanF which had not only increased in value but had been paying good dividends.

The lesson learnt for me was picking the right stock matters alot. I subsequently sold all my CLOB pennies at a heavy loss. I opened an RM account with my broker as I didn't want to suffer bid/ask spread on the RM-S$ exchange rate and continued to collect more PBankF + MREITs. During AFC, when Bursa was more resilient than SGX (with their foreign controls in place, the foreign investors didn't 'play' there, I guess) and I cashed out all my Malaysia shares to shift the monies over to SGX stocks.

PBankF continued to grow in strength over the years - a bit regret here. But, I imagined I must have made more by shifting my funds over to SGX as many were badly battered... Perhaps when this new tie-up is clearer, I'll look at Bursa listed stocks again. I imagine we should be able to trade in our local currency and there'll be no extra holding cost, extra brokerage,... etc.