Malaysia Shares

[smalkmus]

Hi guys

I am a newbie in this, I was looking at some Malaysia stocks and felt that there could be great upside in some of them due to the current political uncertainty.

However, I am not sure which brokerage firm will be recommended to buy from. If any value buddies can recommend, please do so. It will be better if there can be recommendations on USA/Japan stocks as well

[Thriftville]

Try giving a call to your broker. I think most brokerage here allows you to buy malaysian & other overseas shares. there's a recurring fee of $2 per month, per counter.

[CityFarmer]

As far as i know, POEMS (Phillips Security online platform) allows online trading of most oversea stocks, up to 20 exchanges' stock IIRC.

You may want to explore further.

[evolance]

Am using POEMS for KLSE, was told there is a 25% tax on dividend...so far based on my calculations, no 25% tax for last two payout leh..

Also didnt know theres a $2 per counter charge...confirm??

[CityFarmer]

Am using POEMS for KLSE, was told there is a 25% tax on dividend...so far based on my calculations, no 25% tax for last two payout leh..

Also didnt know theres a $2 per counter charge...confirm??

Capital gain and dividend are not taxable in Malaysia IIRC. Dividend payout is already after corporate tax. The corporate tax rate in Malaysia is 25% typically, after 2009.

$2 per counter per month is custody charges, which can be waived with more trades with POEMS.

Please check and confirm with POEMS web site, link below

http://www.poems.com.sg/globalmarkets/kn...ml#custody

[evolance]

Tks Cityfarmer, didnt do my homework properly..only called up poems helpdesk then and got the 25percent tax info..at least clarified my doubts only why i had been receiving full divideds

[Gaudente]

Capital gain and dividend are not taxable in Malaysia IIRC. Dividend payout is already after corporate tax. The corporate tax rate in Malaysia is 25% typically, after 2009.

I own various Malaysia stocks and most dividends are taxed 25%. Exceptions are REITs taxed 10% and foreign stocks which are tax free I think.
Another problem is that Malaysia gov doesn't let foreigners to open a bank account to receive dividends, so you have to get those by mail and clear them paying foreign remittences fees (10$ each cheque here in Thailand, plus forex exchange commissions of course )

[pianist]

what is meant ny foreign stocks over there?

[Wildreamz]

Even for Singaporean trading in Malaysian shares here? I thought capital gains tax are not taxable in Singapore?

http://www.standardchartered.com.sg/pers...index.html

I think there is also no "custody fees" as well?

Can someone else please confirm?

[KopiKat]

Even for Singaporean trading in Malaysian shares here? I thought capital gains tax are not taxable in Singapore?

http://www.standardchartered.com.sg/pers...index.html

I think there is also no "custody fees" as well?

Can someone else please confirm?

Custody Fees, whether charged or not, depends on your brokerage. In your case, SCB's selling point is 'Zero Custody Fee'. But, I also noticed that Malaysian shares are not in their list of Stock Markets covered by their platform...

I used UOBKH previously when I was vested in Malaysian shares and I can confirm there were lots of charges.... even for dividends handling....