Monthly Stock Savings Plan

Monthly Stock Savings Plan is a flexible investment tool which allows you to invest in a number of selected blue chips or high quality stocks with a monthly contribution amount of as low as HK$1,000. Through the regular and flexible monthly contribution, you can take advantage of the benefits of dollar cost averaging and set up a disciplined saving plan to build a relatively strong investment portfolio.

Benefits

Own High Quality Stocks with Low Investment Amount

You can choose from nearly 200 high quality blue chips or stocks with an investment amount as low as HK$1,000 each month.

Dollar Cost Averaging

Purchase more shares at market lows and fewer shares at market highs with the same monthly investment amount, helps to lower your average cost per share and minimize the downside risk.

Assume Mr. Chan started his contribution on "Hong Kong China Gas" (00003) from April, 2018 with HK$2,000 per month:

No. of Shares Purchased per Month

Total: 1,510 Shares; HK$23901.42 *

12 Months Later:

Accumulated No. of Shares1,510
Accumulated Investment AmountHK$23901.4 *
Average Price Per Share PurchasedHK$15.83
Dividends Received During the Period
10% Bonus shares26
Cash dividendHK$136.81
Assuming Mr. Chan Sells the Stock on 12 April 2019
Closing PriceHK$18.92
Market ValueHK$29,061.12
Investment ReturnsHK$5,296.53
Yield21.59%

* The number of shares/units allocated to each client will be rounded down to the nearest whole number of shares/units. Any remaining dollars will not be charged and it will be deposited to client's stock savings account.

Remarks:

  • The above example is for illustrative purposes only and is not indicative of any actual situation or future performance.
  • Brokerage fees, stamp duty, transaction levy and trading fees are not included in the above illustration.
Good Way of Saving to Help Realizing Your Life Goals

Achieving life goals is not a dream. Our Stock Savings Plan could help you build a relatively strong investment portfolio with a small amount of regular contributions.

Trade Now with UOB Kay Hian

Close to 200 of blue chips and high quality stocks for selection. Please refer to the Available Stock List.

Our team of research analysts will provide you with our monthly stock picks and analysis, guiding you to invest and save with ease.

UTRADE does it all. The reference price and gain/ loss amount will be shown on UTRADE Web. You will know immediately the average purchased price and gain/loss situation without calculating it by yourself.

Open an Account Online by 3 steps 6 minutes

Complete the "Monthly Stock Savings Plan Form" and submit to UOB Kay Hian via email to clientservices@uobkayhian.com.hk

How It Works

Monthly Contribution Amount
The minimum monthly contribution amount for each stock is HK$1,000 (Extra contribution must be in multiples of HK$500).
Monthly Net Contribution Amount
Handling fees will be deducted from the monthly contribution amount before purchasing the stock.
Contribution Date
The 10th of each month #
Transaction Date and Time
2nd trading day after the Contribution Date, 1 hour after market opens ##
Handling Fees
0.2% min. HK$50, including all the handling fees: commission, stamp duty, transaction levy and transaction charge
Sell Commission
0.2% min. HK$50, excluding all the handling fees: stamp duty, transaction levy and transaction charge
Purchase Price / Amount
The average price of all shares purchased with the pooled Monthly Net Investment Amount. The residual investment amount will remain in the Plan account.
Application / Amendment / Termination Cut-off Date

Application:

Step 1:Open an Account Online in 6 minutes
Step 2:Complete the "Monthly Stock Savings Plan Form" and submit to UOB Kay Hian via email to clientservices@uobkayhian.com.hk

Amendment / Termination Cut-off Date:

The cut-off date for applications to amend or terminate the Plan is 5 trading days before the Contribution Date.

To adjust your Monthly Stock Savings Plan, you can submit the "Monthly Stock Savings Plan Form" to your Account Executive or send the soft copy of the form to our Client Services Department via email to clientservices@uobkayhian.com.hk.

Payment Method
  1. Deposit to UOBKH's securities account
    Click here to learn more; OR
  2. Fill in and submit the Direct Debit Authorisation Form to your local bank
Termination Fee
No charges

# The Contribution date of the "Monthly Stock Savings Plan" is on the tenth day of each month. If such day is a non-HKEX trading day, contribution day will fall on the next HKEX trading day.

## The Company will purchase stocks for you on the second HKEX trading day after the contribution date, one hour after market opens in the morning session.

  1. Minimum monthly contribution amount is HK$1,000 per stock, incremental contribution for the same stock must be in multiples of HK$500.
  2. Contribution day of the Plan is on the tenth day of each month. If such day is a non-HKEX trading day, contribution day will fall on the next HKEX trading day.
  3. Client should ensure there are sufficient available funds in the Plan account to be paid for the monthly contributions in full in respect of all the portfolios comprised in the Plan account on the contribution day. All the portfolios comprised in the Plan will not be proceeding for the month if any shortfall arises.
  4. In the event that the contribution day is a non-HKEX trading day, the required contribution amount should be available in the Plan account on the next HKEX trading day.
  5. Transaction day is the second HKEX trading day after the contribution day and the transaction will be executed one hour after market opens in the morning session.
  6. Handling fees1 will be deducted from the monthly contribution amount before purchasing the stock.
  7. The Company is entitled to combine the Client's orders with orders of other persons (including other clients of the Company) and, without having to make prior disclosure to the Client.
  8. Trade confirmation will be done via daily combined statement. The details of the subscription price and quantity will be shown in the daily account statement after every purchase transaction.
  9. The purchase price of a stock is the average price of the securities purchased by the Company on behalf of clients after consolidating clients' contribution amounts.
  10. The Company shall be entitled to terminate the "Monthly Stock Savings Plan" immediately at any time if:-
    1. the Client fails to make two or more consecutive monthly contributions, or;
    2. the Securities Account is closed.
  11. In the event that trading of the selected stock is suspended or stock purchase cannot be executed due to market conditions, the Company will try to purchase the stock on the next trading day. If the stock purchase cannot be executed due to trading suspension or market conditions for three consecutive trading days, the purchase will not proceed for the month.
  12. The cut-off date for applications to amend or terminate the Plan is five HKEX trading days before the Contribution Date. Any application submitted after the cut-off date will be processed as an application in respect of the following month.
  13. The usual transaction fees will be charged for selling stocks through the Plan account. Transaction fees include commissions2 and other fees3 will be deducted from the sales proceeds.
  14. The number of shares purchased under the plan may result in odd lot. Odd lots are shares of less than one board lot and are normally sold at a discounted price compared to the prevailing market price for board lot.

General Terms

  1. UOB Kay Hian (HK) reserves the right to amend, suspend and terminate the above plan and services, and the right to modify the relevant terms and conditions at any time at its sole discretion without prior notice.
  2. If there is inconsistency between the English version and the Chinese version, the English version shall prevail.

Note:

  1. A handling fee of 0.2% on monthly contribution or minimum HK$50 for each selected stock, inclusive of stamp duty, transaction levy, clearing fees and trading fees.
  2. Commission rate for selling stock is 0.2% or minimum HK$50.
  3. Transaction fees include stamp duty, transaction levy, clearing fees and trading fees.