Buy @ RM6.80
I started an RM trust acct with the broker after the last sell transaction. The sales proceeds in RM will be held in trust with the securities firm. The reason for doing this is due to the high bid-ask spread of RM vs S$, which works out to be aro’ 1.5%. Hard to make money as break-even is at least 2% (brokerage is 0.5% + other charges). The trust acct does not pay interest but neither are there any charges. RM dividends can also be diverted there.