Thursday, April 26, 2012

Bought UOAREIT & DIY Maid Passport Renewal



1. Sold my MudaJaya at RM2.57 for the batch gotten at RM2.54. :) Will buy back if drift lower.

2. Bought UOAREIT at RM1.37. :) Hope to get rid of it by tomorrow. :)

3. hng, i too have recently busy with maid stuff. My maid's passport expiring and needed to get an extension and renew work permit. I approached agent but the charges is ridiculously high, renew passport, work permit and insurance all in at the rate of RM1350.00. I decide to DIY, so taken 1 day leave to be part time agent. ha ha ha.... This is how it work out. I wake up at 6:30am together with maid started my journey to Indonesia Embassy. Reach there around 8:30am but it is already a huge crowd there to my surprise (more than thousand in number). Get my car parked at the building next to Indonesia Embassy. I did a big mistake went i step in to Indonesia Embassy, hope whoever want to DIY your own should not repeat the same mistake i make. I went straight to breakfast together with my maid right at the 1st floor behind the Embassy building. I should not do so, instead should get the maid to queue up to get the ticket first, because, the earlier you get the faster you finished. I spent whole day right from 8:30am to 6pm........gosh... getting mad. Make sure you bring something there to kill time. In summary here what you should do :-

Passport renewal at Indonesia Embassy
First get the insurance for maid.
- insurance coverage a must (wef 1/1/2011)
- insurance can be bought at any Post Office (cheapest package RM60/year)

For those who intend to DIY passport renewal, documents required are as follow:
(1) photostat copy of maid passport (1x)
(2) photostat copy of owner IC (2x)
(3) perjanjian kontrak kerja (3x) (can get from counter 20 in the Embassy)
(4) maid and owner need to go together (representative allowed with authorise letter)
(5) photocopy of proof of insurance - receipt/covernote (1x)

Total Cost of DIY Passport (RM90)
(1) Parking - RM12
(2) Passport - RM18
(3) Insurance - RM60

Work Permit renewal is at Malaysia Immigration. Total cost is (RM495) + Parking RM2 = RM497

Overall amount spend for a maid passport = 90 + 497 = RM587

Comparing employing an agent, the total cost that i save is = 1350 - 587 = RM763 !!!!!!

I think worth a TRY !!! Good LUCK !!

11 comments:

hng said...

horse

You're just excellent, really smart to explore these alternative DIY way of getting maid renewal. Will refer to your way when time come to renew my Cambodia maid next yr. Thanks.

Greenleaf said...

Hi Horse and Hng,
I got AMFIRST at 1.20. :)

Greenleaf said...

What about GLOMAC? The dividend yield is 11% based on current price. Year High is 1.89, now price only 0.84. PE 8.12. Propertes sector. Is it good???


Another one SAPIND, dividend yield around 10%. SAPURA INDUSTRY is manufacturing company. PE 5.05

Both of these stocks good????

hng said...

Greenleaf

Current Glomac share is after the stock split exercise last year, reduced it par value of RM 1 to RM0.50, thus the stock price also have to divided by two.

Glomac share low beta and stock price have good support from its aggressive share buyback + dividend of more than 6%. As Glomac is consider medium property stock, valuation of 7-8x is consider fair. Downside risk limited with strong support at 80sen.

(Remark: Glomac MD/CEO have tight to political link, is head of UMMO kelana Jaya division if no mistaken)

hng said...

Greenleaf

SAPIND earning could be affected these year as it major customer Perodua have suffer low sale since BNM implement responsible loan application. Almost 1/3 of application rejected. Lower sale of car translate to lower demand of car accessory product.

hng said...

Bought

Armada at 4.02
YTL at 1.60

hng said...

Sold off all YTL corp at 1.64; Armada at 4.06, realize handsome intraday gain :)

horse said...

hng, congratz !!

Greenleaf said...

Hi hng, Thanks for the information. Great info!! :)

ana said...

thank you for sharing....

my maid expired date is 14/10/2012..it is too late for me go this weekend to extend?

ana said...

thank you for sharing....

my maid expired date is 14/10/2012..it is too late for me go this weekend to extend?

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