I am a Public Bank supporter. I have its 1 saving account and 2 share trading accounts (Collaterised Trading and Share Margin Financing). Too bad that I don’t own Public Bank stock. Okay, back to the topic ~ Public Bank Online Share Trading. Most of the brokers and banks provide online share trading facility. However, not all of them are the same.

Public Bank share trading account is nominate account. There is 30% discount on brokerage rate (minimum brokerage of RM12.00) when we trade online. For contract value RM100K and below, the brokerage rate would be 0.42%. While for contract value above RM100K – the brokerage rate would be 0.21%. The brokerage rate for intraday transaction will remain the same at 0.15%. Good for short-term traders.

The bad sides… I cannot buy Initial Public Offering (IPO) with this account. There is RM5.50 service charge when receive dividend payment. You will get the payment in your PB Sharelink account directly. (No need bank in the cheque yourself)

I have Maybank Online Stock account and OSK share account (OSK188) too. How about you? Do you invest in stock market?

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Yup. Mudajaya Group Berhad is a bright new star for me. Don’t know why that it caught my eyes and make me to invest on this Construction & Engineering stock. Anyway, I own some of it now ~ a very little. OSK Research made a buy call with target price of RM2.13 (up from RM1.90) and S&P Equity Research made a strong buy call (since February 2008) with RM2.20 from RM1.80. These research firms revised the upside target price so many times. Will MUDAJYA 5085 stock price still go up? Yes, definitely! But how much, that’s the question…

MUDAJYA 5085 stock price from June 2009

Guess what? Mudajaya Group Berhad just got another new project. See below announcement taken from Bursa Malaysia…

The Board of Directors of Mudajaya is pleased to announce that Mudajaya Corporation Berhad, a wholly-owned subsidiary of the Company has on 28 July 2009 been awarded a contract for the construction of a hospital in Pahang for a total contract value of RM75,388,000.00 (“the Project”) by Mudajaya-Takdzim Joint Venture, which was awarded the said project by Takdzim PMC Sdn. Bhd. on 27 July 2009.

Back to the question, how much can MUDAJYA 5085 go up? The price is RM1.79 as at 29 July 2009.

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Tanjong Plc is one of the 30 FBM KLCI stocks. It is independent power producer and Malaysian number forecasting operator (lottery). It is a good defensive stock because of its attractive 6.28% dividend yield (based on RM14.30 market price). With current fixed deposit rate of 2.5% per annual, Tanjong Plc is good to invest due to its good track of historical dividend payout.

Tanjong Plc performance since June 2009

I started to study the research done by OSK Research, Standard & Poor’s (S&P) Equity Research by Public Bank and Maybank Investment Bank. The 12-month target prices given by these research firms are about the same RM18.60, RM17.00 and RM17.60. I checked back the previous recommended target price. OSK Research gave a very aggressive price that cannot be reached. S&P is still okay to follow but failed to reach too. Why? It is all because of other factors like economy, politics. Therefore, we should only use it as guidance. Study and make your own decision.

What price should we sell? Nope. I don’t sell attractive dividend yield stock. We should keep it unless the company is not performing anymore. The question we should ask… What price should I buy? Buy at the discounted price during economy downturn. Normally, people stay away from stock market. But that’s the best time to buy these high dividend yield stocks actually.

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I got the best Malaysia bank to deposit US cheque rate from LowYat website.

Hong Leong Bank:
RM50 + RM10 (courier) + USD75 (Citibank Delaware)

Maybank::
RM25 + USD10 0.1% of the cheque (min: RM25.00, max: RM100). USD15 + unknown charge from the overseas bank

Public Bank:
0.1% of cheque amount (min: RM20, max: RM100) Postage: RM5 Stamp duty: RM0.15

HSBC:
RM11

EON Bank:
RM10

CIMB:
0.1% charge (min: RM5, max: RM100) Postage: RM5 Stamp duty: RM0.15
Note: You can deposit your check to the home branch only. But, you can mail your check to your BCB account’s home branch for bank-in.

RHB:
Postage: RM5.00 Stamp Duty: RM0.15 Commission: 0.1% of your cheque amount (minimum RM 10.00 and maximum RM 100.00)

Standard Chartered Bank:
0.01% of cheque amount OR min RM 50.

Bank Muamalat:
RM5

Alliance Bank:
~RM70

Southern Bank:
RM30 + RM0.15 stamp duty.

Some of the process fees are cheap while some are very expensive. I have 3 bank account from the list above, Public Bank, Maybank and HSBC. Among 3 of them, HSBC processing fee is the cheapest ~ RM11. Why do I need to find the cheapest rate? I have a USD 20.63 cheque to clear. And I don’t want to waste the money for bank fee.

I bank in the US cheque in HSBC. It took exactly 1 month to clear the cheque. And charged RM 11.65 as processing fee. Hmm… I still prefer Western Union or PayPal payment. It is lot faster and easier. No need to show up at bank to get the payment. And no processing fee also…

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How to payback PTPTN loan online? It is much easier to pay PTPTN repayment now. We can pay it online using FPX service. There is lot of Internet banking that we can select from like Maybank, Public Bank, CIMB, Bank Islam, Hong Leong Bank, RHB… The entire PTPTN repayment process takes less than 5 minutes to complete using online method. Isn’t that great? Note – RM0.50 charges incur for FPX service.

How to payback PTPTN loan using online method? No worry. Just follow the steps given at PTPTN E-FES website. It is as easy as ABC. But you need to have Internet banking account first. Then, you don’t need to go to bank to pay PTPTN loan repayment already.

Of course… The better is that we don’t need to pay it back at all.

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