Bursa Bonus Issue Calculator

Calculate the Theoretical Ex-Bonus Price and determine your adjusted shares quantity after a company declares a bonus issue on Bursa Malaysia.

Corporate Action Strategies

1. The Ex-Date Rule

You must hold the shares at the end of the trading day immediately before the Ex-Date to be entitled to the bonus shares. If you buy on the Ex-Date itself, you will not receive the bonus shares, but you will buy at the lower Ex-Bonus price.

Key Benefits

Manage Portfolio Expectations: Prevent panic on the Ex-Date when your stock price suddenly appears to have dropped 30%. Knowing the Theoretical Ex-Bonus Price allows you to assess if the stock is actually rising or falling on that day.

Frequently Asked Questions

Get answers to common questions about using our professional trading tools.

A bonus issue is an offer of free additional shares to existing shareholders. For example, a '1 for 2' bonus issue means you receive 1 free share for every 2 shares you currently hold.

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Since the company is issuing new shares for free, the total value of the company (market capitalization) does not change, but it is now divided into a larger number of shares. This causes the price of each individual share to drop proportionally on the Ex-Date. This new price is called the Theoretical Ex-Bonus Price.
No. A bonus issue is a zero-sum game. The value of your total holdings before the ex-date is exactly the same as the value of your increased number of shares multiplied by the new, lower ex-bonus price. However, the lower price might improve the stock's liquidity and attract new retail investors.

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