Bursa Malaysia Stock Information

Today CIMB has launched the first Callable Bull Certificates (CBLC) type of structured warrant in Bursa Malaysia. According to Bursa Malaysia website:

CBBC is another type of structured product, much like a structured warrant and is also known as “knock out”, “turbo” or “stop loss” warrants. CBBC is also likened to Certificates For Difference (CFD). They are issued either as Bull or Bear certificates with a fixed expiry date, allowing investors to take bullish or bearish positions on the underlying instrument. CBBCs track the performance of an underlying instrument without requiring investors to pay the full price required to own the actual underlying instrument. On Bursa, CBBC is allowed to be issued for a tenure of 3 months to 5 years.

During this tenure, a CBBC could be ‘called’ by the issuer when the price of the underlying instrument reaches a level known as the “Call Price” specified in the listing document. If the Call Price is reached before expiry, the CBBC will expire early and the trading of that CBBC will be suspended and terminated. The specified expiry date from the listing document will no longer be valid and the CBBC will be settled in cash only.

Maxis Bhd will offer shares to retail investors for as much as RM5.20 each and the final price will be set on November 9, after a bookbuilding exercise for institutional investors is completed.

Maxis is offering for sale 2.25 billion existing shares, or 30 per cent of the company, in the IPO. Out of this, retail investors, including Maxis customers and staff, are allocated 212.3 million shares, or 2.8 per cent.

The retail offering will close on November 5 and the company is scheduled to list on Bursa Malaysia on November 19.

Today I want to share of my own Expert Advisor (EA) to be use in Metatrader4 platform. This software is not strange for those who familiar in forex trading. I named my first EA as BursaWave 1. This EA can be test only for the pair of EURUSD. Recommended timeframe is M30. Anyone who interested can use the default setting comes with this EA or change the parameter if required.

This is the test result:

Deposit: USD10,000.
Test Period: January 2008 - July 2008
Profit: USD337,805.53

See the result on the chart.

Anyone interested can see the result details here.

To download this EA here: BursaWave 1

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TM made an impressive performance after stock split, up RM0.49 to RM3.54 from it reference price at RM3.05 while TMI reference price at RM7.85. TMI will be list in Bursa Malaysia this Monday. Based on analyst, the TM reference price a bit lower than expected while TMI is  higher than their expectation. TM traded at a very heavy volume due to the lower reference price and promised dividend up to 90% of it profit.

TM also allocated new 138 million shares as its proposed employees share option scheme (ESOS).

Today I have added special calculator for TM/TMI esos to be use by TM/TMI staff for the purpose of calculate their profit. However this calculation is applicable for those who trade using CIMB iTrade.