local brokerage fees 太贵？

wa1

一找到华语版的话，会即刻为大家补上。。。多多包涵！
也欢迎大家来评评理！
Are local brokerage fees too high?
By LOONG TSE MIN and YVONNE TAN sat apr 26, 2008

PETALING JAYA: China's move to cut stamp duty on equity trading, which has boosted that country's stock market since Thursday, has raised questions as to why Malaysian brokerage fees remain so high.

A reader's letter to StarBiz yesterday made a plea to revert to the RM12 minimum brokerage from the current RM40 for stock market transactions via remisiers.

“For an average investor who buys 1,000 shares of an average stock priced at, say 50 sen a share, his purchase will be RM500 and the brokerage fee he pays is RM40.

“In this case, the brokerage is 8% of the principal amount.

“When he sells, he pays another RM40, which means he pays a total of about16% in brokerage alone. How many counters can move in excess of 16% so that this investor can make a profit?” the reader asked.

Bursa Malaysia Bhd chief market operations Devanesan Evanson told StarBiz that the RM40 minimum brokerage fee was to incentivise remisiers and brokers to increase trading activity.

On whether it was affecting market liquidity, he said it (liquidity) was a product of sentiment and many other factors, such as global economic slowdown and rising oil prices.

“Investors who think the minimum brokerage fee is high are at liberty to trade using the Internet, where the fee is negotiable,” Devanesan said.

Effective Jan 1,commission rates for Internet trading and cash upfront transactions became fully negotiable but the minimum brokerage fee for all other transactions, including those through remisiers, was increased to RM40from RM12.

However, TA Securities Holdings Bhd head of research Kaladher Govindan pointed out that the revised fee structure could have slowed revenue growth of Bursa Malaysia, going by the stock exchange's first quarter ended March 31 results which saw net profit falling 40%to RM42.1mil compared with the previous corresponding quarter.

He said the RM40 imposed “was a burden” to some retail investors and blamed it for dragging down trading volume.

Remisiers' Association of Malaysia president Sam Ng did not see the cheaper online trading fees luring clients away from remisiers.

In fact, he said online trading was a good supplementary tool to help remisiers reach out to “small-time” investors.

Remisiers could concentrate on larger institutional clients who drove the market,while allowing market participation from smaller investors, he said.

OSK Investment Bank head of operations Lim Ah Lay viewed the current brokerage fee as “competitive” regionally. Singapore's minimum fee, he said, was S$25.

“So far, we have not received any adverse feedback from the investing community on this,” he told StarBiz.
However, he noted that the public expected fees for online trades to be much lower.

As for the remisiers, the current rates were favourable, Lim said.

Asked about the ideal fee structure, he said: “We would prefer a fully negotiable rate structure but with a minimum rate to cover our firm's fixed overheads.”

The Securities Commission (SC), in reply to a StarBiz query, said: “The minimum handling fee of RM40 was requested by brokers and remisiers to reflect the real handling charges incurred by them.This was agreed upon only with the proviso that it does not apply to cash upfront and online trades.

“These trades are now fully negotiable and rates for Internet trades have already fallen well below the minimum of RM12, thus offering a lower cost option for investors.”

TheSC added that the introduction of negotiable commission rates was partof a phased approach towards a more deregulated, competitive andvibrant stock market.

blackmoon123

他口中的那个例子。。。。
500块就想钱赚钱的确有点难的。
先辛苦几年工作存钱再投资吧。

现在的水钱还好而已，不会太贵。
如果对于那些每天短线交易的人，肯定是一种阻碍。

heamq

一切法律或惩罚条文都只适合用在个人故意行为造成的，
而这最低水钱却是没有符合这样的公平原则的野蛮规定。

让我解释，
某人A的水钱是0.5%，最低水钱RM28。

情况1：
排买(或卖)1万股，价钱RM1，如果做到完，水钱是RM50，高过最低的RM28。但是如果只做到1千股，计算水钱=RM5，股票行不应该收RM28，因为这种情况不是某人A所造成的，应该公平的收RM5。

情况2：
排买(或卖)2千股，价钱RM1，如果做到完，水钱是RM10，低过最低的RM28，但是是个人故意行为造成，所以应该收RM28。但是如果只做到60%=1千2百股，计算水钱=RM6，股票行不应该收RM28，因为这种情况不是某人A所造成的，应该公平的收RM28的60%=RM16.80。

blackmoon123

原帖由 heamq 于 26-4-2008 05:11 PM 发表
一切法律或惩罚条文都只适合用在个人故意行为造成的，
而这最低水钱却是没有符合这样的公平原则的野蛮规定。
让我解释，
某人A的水钱是0.5%，最低水钱RM28。
情况1：
排买(或卖)1万股，价钱RM1，如果做到完 ...

如果没有了以上的规则，似乎每个人都可以致富了。
买卖股票的数量也是一门学问来的。
如果那个股是热门的话，再多的数量也是可以做到的。
这就是关于到什么时候进场的学问了。
除了我国是这样的情况外，
美国，香港，日本的又怎样的情况？

江百虎

想要用錢來賺錢也不是那么容易的拉。。。

還是儲夠了本錢和學會了本事再來這吃人不見血的戰場廝殺吧。。。

小散户

我觉得不会太贵,但是如果再减一些更好..

heamq

如果有关当局有用脑的去想一想，
采用我在楼上所建议的方法，
相信很多人会放心的下单去排，
当然交易量多少会增加。

我个人最不爽的是，
如果我排2万股MAEMODE-WA，价钱RM0.43，
如果只做到１百股，交易RM43，水钱RM28，
我会心理不平衡。

为了不要造成自己心理不平衡，
我干脆不玩。

我的最爱BKAWAN就没有太大问题，
因为价钱高，只要交易到6百股，水钱就已经超过RM28，万一只交易到1百股，也有RM1140，水钱RM28，等于2.46%，虽然高，但是还是在可以忍受的范围内。

blackmoon123

原帖由 heamq 于 26-4-2008 06:01 PM 发表
如果有关当局有用脑的去想一想，
采用我在楼上所建议的方法，
相信很多人会放心的下单去排，
当然交易量多少会增加。

我个人最不爽的是，
如果我排2万股MAEMODE-WA，价钱RM0.43，
如果只做到１百股，交易RM4 ...

那么请问外国有没有使用类似你这个建议？
或是全球都是使用一样的交易方式

chrischew

酱麻烦。。。。。
直接取消交易最低限制就可以解决以上所提的问题了，不是更好吗。。。。。。。

heamq

我不知道外国的情况如何，
也没有意思去弄清楚，

摆在我面前让我选择，
我爽我就玩，我不爽我就不玩，
我当然也不会去大喊大叫的抗议。

如果我有BURSA的股票，那就不一样，
我就会以小股东的身份在AGM鸟他们。

其实他们可以做的是，
恢复以前的时代，
把一LOT重新定为一千股。

看来以后我们投资高价钱的股就好了，
反正通常高股价的多数是好股，低股价的多数是烂股。

湖俊

cimb click有他的trading福利，每次交易只付 RM8.88。

heamq

如果没有规定最低水钱也不好，没有效率，
对REMISER也不公平啊，
买卖做成后，他要打电话通知你的啊，
是要花时间花电话费的。

所以最好的是，
如果是你主动造成的低交易额，你就要付最低水钱，
如果不是你主动造成的低交易额，你就没有义务付最低水钱。

廉政行动

如果和香港，新加坡比较，大马的佣金的确是比别人高。

prestigio

原帖由 heamq 于 26-4-2008 06:35 PM 发表
如果我有BURSA的股票，那就不一样，
我就会以小股东的身份在AGM鸟他们。

heamq兄，提高最低佣金到40块是东南亚最白痴的首象“鸭毒辣”在去年财政预算案提出的建议，不是Bursa或尤斯里的建议，他们只是奉命行事而已。。。

各位股友要鸟请到首相府去鸟，或支持人民联盟等他们去鸟。。。

陳光發

我想我不置评价咯~因为关系到我的没有咧~~我要的那时还是多留意就知道了~可是我想还是等看看华语的那时我一定也看到的时候那时我想那时又不会不知道怎样留帖的了~好了~~~

heamq

你误会了，
我没有说RM40(或RM28)最低佣金不好。

我是说，
如果交易额低是因为投资者自己造成(排少少)的话，是应该付那RM40(或RM28)，
但是如果是投资者排很多，但是只是做到一小部分，投资者是不应该付那RM40(或RM28)。

我不确定，
但是我相信拉伯只是傻傻的照着纸念而已，
决定把最低佣金定在RM40的应该是BURSA吧，
就算不是BURSA的主意，
可是BURSA没有能力应付，适当的劝告，
造成交易量低，EPS大减40%，
那么如果我是BURSA的股东，
我还是会去鸟他们。

ThermoFisher

Brokerage rate% = 0.21%;
Contract Stamp = RM1 per 1000 Gross Amount (max = RM200);
Clearing Fee = 0.03% (Minimum RM40)

blackmoon123

原帖由 ThermoFisher 于 26-4-2008 11:26 PM 发表
Brokerage rate% = 0.21%;
Contract Stamp = RM1 per 1000 Gross Amount (max = RM200);
Clearing Fee = 0.03% (Minimum RM40)

要用20k才合算阿。。。
可怜

prestigio

Bursa 不会那么蠢吧。。。

它是靠clearing fee过活的，它不会蠢到自己主动向鸭毒辣提议降低clearing fee吧？

提高最低佣金对它一点好处也没有，因为它没得抽的，最大得益者应该是股票行和政券商，他们猪笼入水，明眼人都知道是他们向鸭毒辣施压的，尤其是纳鸡两兄弟，他们的CxxB Investment Bank 是马股最大的投资银行，提高佣金对他们得益最大。。。

[ 本帖最后由 prestigio 于 26-4-2008 11:56 PM 编辑 ]

heamq

你说得很有道理，
应该是股票行搞的鬼。

也许到最后，
人算不如天算，
越来越少散户买卖股票，
股票行也没得到好处。