iTrade CIMB reduce broker rate??

[LengLeng_]

my new contract in feb.
normal trade from 0.42 to 0.35%
day trade from 0.15 to 0.1%
 

[ubi kayu]

how about the 8.88 rate with a minimum of rm10,000 deposit?

[LengLeng_]

how about the 8.88 rate with a minimum of rm10,000 deposit?

never use tat 1 wo

[mestikaya]

my new contract in feb.
normal trade from 0.42 to 0.35%
day trade from 0.15 to 0.1%
 

never bother about rates, let the remisiers earned some commission after sitting on their butt whole day

[King Arthur]

never use tat 1 wo

you must have overlook the rate. Must be the 8.88 per trade deal.

[GoGo]

which one is the cheapest and low downtime? Im using Maybank. Only setback is not support smartphone.

[fast trader]

Climb,
They won't have any specific staff to solve your problem, if you call them, they wiil
press "1 for english". 2 untuk Bahasa malaysia. 3 for hua yi"
Then " for i- trade, please press 1, etc,
Press press press, finally, your problem haven't solve yet, then your price have been press press down down down.
At least maybank still have specific staff to solve your problem. I use Jalan Pxdu, maybank. So far so good, I called, they solve my problem, even my PC problem

[ckhkbursa]

CIMB will diversify to O&G soon next time will press "1 for Bank". press 2 for O&G

[ckhkbursa]

RHB: CIMB not seeking control of APH
By Lee Wei Lian
February 03, 2012
KUALA LUMPUR, Feb 3 — CIMB is not seeking to run the troubled multibillion-ringgit oil terminal project in Johor of which it is the main financier, but is seeking investors to take it over, RHB Research Institute said today.
 RHB also said that while the loan to Asia Petroleum Hub (APH) had only been partially  drawn down, there were no plans for  further disbursements at this point in time.
APH reportedly owes CIMB some RM840 million, which was part of a RM1.4-billion bridging loan facility provided  back in 2006.
It was also reported yesterday that as part of the settlement hammered out in recent days, the current shareholders — KIC Oil & Gas (90 per cent stake) and UMNO-linked Trek  Perintis (10 per cent) — had agreed to surrender their equity holdings, although it was not clear if they received financial compensation.
“From our conversation with management, we understand that CIMB does not intend to end up as a shareholder of APH  but rather, CIMB has been seeking suitable investors to take over APH and complete the project,” RHB said in a report today.
“Finally, although the loan has only been partially drawn down, we were made to understand that there were no plans for further disbursements at this juncture.”
It added, however, there was a possibility that APH might be able to draw down on the loan if new investors were found to complete the project.
APH in Johor was once billed as one of the world’s largest fully integrated terminals but was put under receivership by financier CIMB Bank, and PricewaterhouseCoopers were appointed as receivers and managers of the project three weeks ago.
It was designed with a storage capacity of 924,000 cubic metres and large trans-shipment capacity, and located on a 40-ha reclaimed island off the coast of Johor.
RHB said APH was to be completed in 2009 but was now only 60 per cent completed following delays as the soil on the island was found to be unsuitable to be built on.

[ckhkbursa]

CIMB takes over troubled Johor oil terminal
 The Malaysian Insider – Thu, Feb 2, 2012
By Yow Hong Chieh
KUALA LUMPUR, Feb 2 — A CIMB-led consortium has agreed to take over a multi-billion ringgit oil terminal project in Johor following years of shareholding disputes which hobbled the bunkering facility from the get-go.
Bankers involved in the restructuring of Asia Petroleum Hub (APH), the private company awarded rights to develop the terminal, told Singapore’s Straits Times that shareholding issues have been resolved and CIMB has committed to fund the project to completion.
They told the daily the project was about two-thirds complete and that the new consortium hopes to finish it within 18 months.
“Taking over a project for a bank is a little out of the box, but this is a very viable business and there is no reason why CIMB shouldn’t own it as a major investment,” a banker involved in the deal was quoted as saying.
CIMB, which has lent over RM800 million so far, appointed accounting firm PricewaterhouseCoopers as receivers and managers of the project three weeks ago.
As part of the settlement hammered out in recent days, the current shareholders have agreed to surrender their equity holdings, although it is not clear if they have received financial compensation.
The CIMB-led consortium emerged as the only group willing to take over after receivers and managers sounded out potential suitors, bankers involved said.
APH secured a RM1.4 billion financing facility from CIMB in 2006 to build what was touted then as the world’s largest fully-integrated bunkering terminal on a 40-hectare reclaimed island off Johor, northwest of Singapore.
The terminal, which boasts a storage capacity of 924,000 cubic metres and a large trans-shipment facility with multiple jetties, received much attention because of its potential to rival Singapore.
Malaysia has long contended that the country desperately needs to upgrade its oil terminal storage facilities to meet current needs and to cut reliance on its southern neighbour.
They argued that apart from reducing foreign exchange outflows, a large bunker terminal would find ready customers in companies such as Petronas — which now use Singapore’s facilities — and regional oil players such as Thailand’s state-owned PTT.
APH, however, quickly stumbled because of shareholder problems between its chief promoter KIC Oil & Gas and Syed Mokhtar Al-Bukhary’s Seaport Terminal, which owns two of Johor’s main ports including TanjungPelepas.
KIC has long maintained it is the rightful developer of the project because it secured the rights to lease the island from the Transport Ministry, but Seaport Terminal has claimed that the ministry’s move violated an earlier privatisation agreement it had with the government.
CIMB went ahead to fund the project led by KIC but the latter’s troubles deepened when the 2008 financial crisis prompted Putrajaya to shelve infrastructure works such as roads, water supply and power lines valued at about RM350 million.
The delays and shareholder troubles led to cost overruns, and in 2010 CIMB issued an ultimatum to KIC that unless the problems were sorted out, it would stop funding the project.

[ckhkbursa]

CIMB Research ups Muhibbah to trading buy, TP RM1.63
 By theedgemalaysia.com | The Edge Malaysia – Fri, Feb 3, 2012
KUALA LUMPUR (Feb 3): CIMB Equities Research said the Asia Petroleum Hub (APH) has taken a positive twist as a CIMB Bank-led restructuring is reportedly in the works.
The research house said on Friday that if successful, it would bring in the additional funds needed to complete the project.
“For Muhibbah, it would mean no provisions and possibly, additional APH works. We raise EPS and RNAV for a recent project award. Our target price goes up from RM1.24 to RM1.63 as we narrow our RNAV discount from 50% to 40%.
“We upgrade from Hold to Trading Buy given the possibility of a favourable outcome for APH in the next one to two months,” it said.
On Thursday, Singapore’s Straits Times reported that APH was set to get a financial lifeline from a consortium led by its main banker, CIMB Bank. CIMB has lent more than RM800 million to APH.
Local bankers involved in the restructuring of APH said that protracted shareholding disputes which hobbled the project have been resolved and CIMB has committed to providing the necessary funding to complete the project.
The news report said as part of the settlement hammered out in recent days, APH’s current shareholders have agreed to surrender their equity holdings.
It is unclear if they received any financial compensation. The project is about two-thirds completed and the new consortium hopes to finish it within 18 months.
The news report quoted a banker as saying that taking over a project for a bank is a little out of the box, but this is a very viable business and there is no reason why CIMB shouldn't own it as a major investment.

[ckhkbursa]

CIMB buy callllllllllllllllllllllllllllllllll Huat arrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr