Brokerage Charges

When you buy or sell in stock market, there are some charges for the transaction. Different country will have different policy. Here are some charges for different country:

Malaysia:

Brokerage	0.7% (Max) or RM40
Clearing Fees	0.015%
Stamp Duty	RM1 for every RM1000 value

Singapore:

Brokerage	0.25% (Max) or SGD30
Clearing Fees	0.04%
Access Fees	0.005%

Hong Kong:

Brokerage	0.1% (Max) or HKD50
Clearing Fees	0.0025%
Stamp Duty	0.1%
Levy Fees	0.004%
Trading	0.005%

Thailand:

Brokerage	0.4%
Bank fix charge (depend on bank)	THB500
Vat charge	0.021% - 0.571%
Capital gain tax (selling only)	0.15%

Forex differences will be count on the day of the transaction.

Most of the Securities Firm in Malaysia, if there is dividend, pay out by foreign listed company, the dividend will send to the Securities Firm, then only distribute to the shareholder accordingly.

Silent Indicator

Recently market is extremely quiet. More attention go to Beijing Olympic. Lot of the report coming out showing the economy slow down. Besides, steel price drop since Beijing Olympic closing ceremony. Crude oil price drop to around USD110. Malaysia is under political pressure above the global economy slowdown. Therefore less volume are trade in the market. Everyone is waiting for a convincing factor come.

Derivative: TA Warrant

TA Warrant is the derivative from the mother company TA Entreprise Bhd. This warrant is now traded at the price RM0.335 in the market. 4898X - TA-WB

Exercise price: RM1.00
Ratio: 1:1
Expiry: 2009.06.24

The value of this derivative is now exercise price + traded price. RM1.00 + RM0.335 = RM1.335. Since TA mother share is now traded at the price of RM1.17, if you buy TA-WB at RM0.335, that means you are paying premium RM0.165.

Technical: TA Enterprise Bhd

This is daily chart for TA Enterprise Bhd from 2007.01.05 to 2008.04.25. It ia obvious there is down trend channel from the high RM2.29 on 2007.02.21.

The trend start to retest the 200 days moving average (pink line) and the MACD start to cross over and prepare to go into positive territory. It needs more volume to continue support the up trend. If it can build a base above the 200 days moving average, it means some accumulation behind.

The RSI in between 50 to 70 indicate the stock is ready to continue uptrend. Anyway it needs more volume to continue the up trend of the stock price.

At this price, the stock was traded at PE 7.22. This company is in the list of the composite. Compare this company with the index, this company is under perform.

Company: TA Enterprise Bhd

Company Name: TA ENTERPRISE BHD
Short Name: TA
Stock Code: 4898
Listed Market: KLSE
Board: Main
Sector: Finance
Industry: Stock Broking, Properties,
Par Value: 1
Listed Share: 1,426,971,000
Website: http://www.ta.com.my/

Brief Description:

1. Based: Malaysia
2. Company Type: Investment Holdings
3. Corporate Structure:

• Stock broking and financial services: include stock broking, fund management, unit trust and derivatives trading.
• Investment holding: includes provision of funding and investment related services.
• Credit and lending: engaged in the provision of finance and related services.
• Property investment: includes investment in residential and commercial properties.
• Property development: engaged in the development of residential and commercial properties.
• Hotel operations: is engaged in the operation of hotel and related services.

Businesses:

1. Stock broking and financial services: Malaysia stock market, Hong Kong stock market, Derivative Future market
2. Investment holdings: Unit trust and asset management
3. Credit and lending: Share financing business, ESOS
4. Property investment: Residential and commercial properties reatal, Menara TA One, shop office at USJ Taipan, Subang Business Centre, Canada Teresen Centre, South Africa Jan Smuts Avenue, in Johannesburg.
5. Property development: Damansara Idaman, Idaman Villa, Idaman Residence, Seri Suria, Idaman Bintang, setup construction arm call TA Binaprestij Sdn Bhd.
6. Hotel operations: Australia SydneyRadisson Plaza Hotel

Highlight:
Strengthening of Hong Kong Market, Malaysia properties tax exempted, CPO future price and demand, plan to list TA properties into REITs

Clients: Retail shares investor and properties buyer, CPO seller and buyer

Properties: Manara TA One, USJ Taipan offices, Subang Business Centre,

Dividend Record:
2007.07.02 Final Dividend of 7% less 26% taxation
2006.07.24 Final Dividend of 3.00% less 28% taxation
2005.08.01 Final Dividend of 5.00 % less 28% taxation
2004.11.01 Interim Dividend of 1% less 28% taxation
2004.07.19 Final Dividend of 2.5% less 28% taxation
2003.10.14 Interim Dividend of 5% less 28% taxation
2003.08.11 Final Dividend 1% less 28% taxation
2002.08.15 Final Dividend 1% less 28% taxation
2001.08.10 Final Dividend 1% less 28% taxation
2000.08.08 Final Dividend 1% less 28% taxation
1999.08.06 Final Dividend 1% less 28% taxation

Speculation: Hong Kong market performance, Malaysia market preformance, CPO market performance, REITs, Sales of the South Africa properties, 2010 Winter Olympic in Canada.

Risk:
Operating Industry:
Operating Country Policy:
Operating Cost:
Operating Debtors:
Investing:

Competitors:
Stock broking companies and property developers

Directors and Interest:
1. Datuk Tiah Thee Kian: 459,478,200 (34.2144%)
2. Datin Tan Kuay Fong: 3,061,000 (0.22793%)
3. Dato’ Mohamed Bin Abid: 274,900 (0.02047%)
4. Christopher Koh Swee Kiat: 16,000 (0.00119%)

Major Shareholders:
1. Fleet Investments Management Limited: 65,091,000 (4.8469%)
2. TA Securities (HK) Ltd for Delroy Investment Holdings Limited: 55,275,000 (4.1160%)
3. State Street Australia Fund UAJB for Unifund (HISG as Trustee): 48,000,000 (3.5742%)
4. TA Securities (HK) Ltd for Globalbase Enterprise Ltd: 44,714,600 (3.3296%)
5. TA Securities (HK) Ltd for Goldcape International Limited: 40,068,800 (2.9837%)
6. Permodalan Nasional Berhad: 33,000,000 (2.4573%)
7. UBS AG for Prism Offshore Fund Ltd: 31,669,292 (2.3582%)
8. Exempt AN for JPMorgan Chase Bank, National Association (U.A.E.): 16,831,092 (1.2533%)
9. BNY Brussels for Melchior Greater China Opportunities Fund: 16,696,000 (1.2432%)
10.Fortis Private Banking Singapore Limited For Savern Finance Limited: 15,421,200 (1.1483%)
11.BNY Brussels for Queensland Investment Corporation: 14,483,100 (1.0785%)
12.Exempt AN for Morgan Stanley & Co. Incorporated: 11,245,200 (0.8374%)
13.UBS AG for Prism Partners QP LP: 10,510,242 (0.7826%)
14.Exempt AN for JPMorgan Chase Bank, National Association (Netherlands): 10,180,500 (0.7581%)
15.CBNY for DFA Emerging Markets Fund: 10,119,100 (0.7535%)
16.Investors Bank and Trust Company for Ishares, Inc.: 8,942,500 (0.6659%)
17.TA Securities (HK) Ltd for Jeffrey Smith: 8,294,100 (0.6176%)
18.TNTC for Government of Singapore Investment Corporation Pte Ltd: 7,454,900 (0.5551%)
19.UBS AG for Prism Partners LP: 6,876,883 (0.5121%)
20.Great Eastern Life Assurance (Malaysia) Berhad (Par 1): 6,500,000 (0.4840%)
21.HSBC-FS for Legg Mason Southeast Asia Special Situations Trust (201061): 5,813,500 (0.4329%)
22.State Street London Fund JY74 for The Pacific Basin Equity Fund (RIC PLC): 5,048,900 (0.3760%)
23.PB Trustee Services Berhad for HLG Growth Fund: 4,820,000 (0.3589%)
24.CBNY for DFA Emerging Markets Small Cap Series: 3,938,200 (0.2932%)
25.CB LDN for Banco Popolare Di Bergamo Prumerica SGR: 3,800,000 (0.2830%)
26.UBS AG for EB Asia Absolute Return Master Fund Limited: 3,500,000 (0.2606%)
27.BBH And Co. Boston for Vanguard Emerging Markets Stock Indexfund: 3,481,000 (0.2592%)
28.Public Index Fund: 3,418,400 (0.2545%)

Annual Report Performance:
Balance Sheet:
Asset: 2,932,810,000
Liabilities: 1,061,694,000

Income Statement:
Profit After Tax: 133,735,000

Cash Flows Statement:
Operating: -14,371,000
Investing: -210,702,000
Financing: -41,251,000

TA Securities Holdings Bhd. Bank Information

Recipient: TA SECURITIES HOLDINGS BERHAD

Local bank transfer:
1. Maybank Bhd A/C No. 514-011-387-097
2. Affin Bank Bhd A/C No. 100-2600-15201
3. Alliance Bank (M) Bhd A/C No. 14055-001-0074620
4. CIMB Bank A/C No. 1414-0035792-055
5. Citibank Bhd A/C No. 0115738038
6. Hong Leong Bank Bhd A/C No. 001-003-09979
7. HSBC Bank Malaysia Bhd A/C No. 201-308731-101
8. OCBC Bank Malaysia Bhd A/C No. 701-124426-4
9. Public Bank Bhd A/C No. 312-779-7929
10. RHB Bank Bhd A/C No. 2-14183-0002612-0
11. Standard Chartered Bank Malaysia Bhd A/C No. 312-143588026
12. UOB Malaysia Bhd A/C No. 248-3-028967-9

Foreign Transfer:

Recipient:
TA SECURITIES HOLDINGS BERHAD

Address:
Menara TA One,
22 Jalan P. Ramlee,
50250 Kuala Lumpur,
Malaysia.

Recipient Bank:
Citibank Berhad

Account number:
011 573 8038

Recipient Bank Address:
165, Jalan Ampang,
Menara Citibank,
50450 Kuala Lumpur,
Malaysia.

If Telegraphic Transfer by:
USD: SWIFT CODE = CITIUS33

Yen : SWIFT CODE = CITIJPJT

Procedure to Open Trading Account

Yesterday I have a foreign client open account with me. He faces lot of problems when come to the procedure. The procedure to invest in Kuala Lumpur Stock Exchange of a retail foreign investor is different with local investor. The application form is same but the documents and the money transfer is different. Here is the procedure to open an account in my securities firm.

For local investor, the documents need to be ready to submit are:

• 3 photocopy identity card (I/C),
• fill in 1 copy of “Application for Opening of Trading Account” form (3 signatures),
• fill in 1 copy of three ply yellow form, from Bursa Malaysia Depository Sdn. Bhd. “Application for Opening Account” (1 signature)
• fill in 2 small white card from, from Bursa Malaysia Depository Sdn. Bhd. to get sample signature (total 2 cards × 1 signature)
• fill in 1 online trading application form (1 signature)
• RM10 for Bursa Malaysia Account Opening fee

For foreign investor, the documents need to be ready to submit are:

• 3 photocopy passport particular,
• fill in 1 copy of “Application for Opening of Trading Account” form (3 signatures),
• fill in 1 copy of three ply yellow form, from Bursa Malaysia Depository Sdn. Bhd. “Application for Opening Account” (1 signature)
• fill in 2 small white card from, from Bursa Malaysia Depository Sdn. Bhd. to get sample signature (total 2 cards × 1 signature)
• fill in 1 online trading application form (1 signature)
• RM10 for Bursa Malaysia Account Opening fee

Submit these documents to Remisier to get witness and continue the remaining procedure.

When the account ready, you will get a Client Code and a CDS account number. Client Code is for trading purposes while CDS account is for share transfer purposes. When you want to buy or sell shares or securities through the securities firm, you need the client code. If you want to apply Initial Public Offering (IPO) share, you need the CDS account number.

Once the account ready, you can invest any amount into your trading account and start to buy share or securities according to the money you invested. You can easily top up the trading account money or withdraw the excess money from the trading account.

Optional for open trading account, buy a drink for your Remisier. High budget can go to Starbucks, low budget can go to Mamak stall. Thanks. ☺

Interest Rates 2008-03-03

1. United States Federal Reserve : 3%
2. Bank of Japan : 0.5%
3. European Central Bank : 4%
4. Bank of England : 5.25%
5. Swiss National Bank : 2.75%
6. The Reserve Bank of Australia : 7.25%
7. China : 7.47%
8. Hong Kong SAR : 5%
9. India : 7.75%
10. New Zealand : 8.25%