It will be an expensive learning curve if readers traders get tender in cpo futures trading on Bursa Malaysia Derivatives once the GST is implemented on 1st April 2015.
6% on the contract value when a buy contract is hit with a tender near physical delivery month. As a buyer, one contract of tender at 2200 cpo futures price will be RM3,300.00 of GST being imposed on the buyer. Here is the computation of GST on a buy tender at cpo price 2200 -- 1 x 25 x 2200 x 6% = 3300. Therefore, readers traders do not simply hold a long position until it becomes a spot contract month that can be tendered!
FCPO short 2295 will probably be holding on the short position today with high stop and reverse buy trade signal.
FKLI short 1816.5 is having its stop and reverse buy trade signal being adjusted lower but will not be given here until there is really a clear sign.
Both FKLI FCPO trade signals here is based on the short term technical trend indicator Y trading guides.