I don't think the brokerage fraternity is exactly jumping with joy over what the new guys at SGX have rammed down their throats in recent years...
Going by what the banking sector has done to filter out ikan-bilis savings accounts by introducing a fee if the balance is below a certain level, I don't think the brokerages will budge anytime soon... They have to create shareholder value too ;)
I think those working at Investor Relations at listed companies will faint... Now anyone with 100 shares can write "bo liao" questions to them. And for AGM, must prepare for the thundering hordes of retired uncles and aunties out for a free lunch...
Nope, but i think it must be reduced. if not the broker will become rich. and i am waiting for it to be reduced if not i will just go back to my old ways to buying 1 lot = 1000 shares and ignore this.
Nope. I read that SGX is in discussion with the brokers on the topic, but nothing firmed up.
ReplyDeleteAhem.
ReplyDeleteI don't think the brokerage fraternity is exactly jumping with joy over what the new guys at SGX have rammed down their throats in recent years...
Going by what the banking sector has done to filter out ikan-bilis savings accounts by introducing a fee if the balance is below a certain level, I don't think the brokerages will budge anytime soon... They have to create shareholder value too ;)
I think those working at Investor Relations at listed companies will faint... Now anyone with 100 shares can write "bo liao" questions to them. And for AGM, must prepare for the thundering hordes of retired uncles and aunties out for a free lunch...
Eh? Maybe I should do that!
No more bento set or buffet at AGM?
DeleteProvide packet snacks?
Nope, but i think it must be reduced. if not the broker will become rich. and i am waiting for it to be reduced if not i will just go back to my old ways to buying 1 lot = 1000 shares and ignore this.
ReplyDeleteThinking of taking advantage of this 100 share lot thing. LOL!
Delete