PNB confident of full subscription for AS1M

Sources: http://www.theedgemalaysia.com/component/c...cle/163034.html

As at 4 April, chinese quota already 95% sold out, so till 30 April 100% sold out. Stay tunned for the next opening of more quota to chinese investors.

i seconded to what u have mentioned. PIGS are relatively small countries, they have minimun impact on the world economy or Asian economy.

for prudent investors like you and me, it is always good to diversify our investment, to park some in cash/bond/pnb fixed price products/property/reits, instead of go all out to equity. It is also good to set a cut loss point. You can set a 20% target cut loss point, in case market drop 20% from 1350 points then sold all the equity on hand. 1st rule of investment is not to loose.

We do not have crystal ball to see what will happen in 3m/6m or 1 year time. So just be positive thinking, and less worry, we shd not worry on the situation that out of our control. As i mentioned in my previous post, PNB fixed price is good in the sense that u can temporary park your fund while looking for opportunity. it pays 2.5 times more than conventional FD.

both funds are fully subsribed. So no chance for non bumi. Even for ASW, bumi quota is 90% full, only left out around 10%, so i dont think they will open it. Just bear in mind that ASM/ASW fund increase is not an annual event, so they will not open the fund for subsription on yearly basis.

As long as AS1M remains unsold, dont think they will open ASM/ASW. Most likely AS1M will increase quota for chinese investors, stay tunned for the good news.

This post has been edited by cheahcw2003: May 5 2010, 12:38 PM

i think the assigned quota is to make sure all races got their fair shares. Base on the previous ASM/ASW opening, most chinese has the KIASU attitude queuing up the night b4 the PNB/post office/ agents open. WIth the quota, everyone got their fair shares, but to reflects the 1Malaysia spirit, the unsold units for other races shd be opened, i think all Malaysian has been given enough time to invest.....

there are few forum that cover the ASB financing topic in details, as there are more bumi forumers there, u can take a look

www.flyingspaghettimonster.com
www.bicarajutawan.com

yeah it is CARI GOLD DOT COM

Govt to issue RM3bil sukuk


PETALING JAYA: Malaysians will have another vehicle for savings and investment as the Government will be issuing RM3bil worth of Sukuk 1Malaysia 2010 on June 21.According to a press release from Bank Negara yesterday, those aged 21 and above who wish to subscribe to the sukuk may do so from May 20 to June 9. The minimum subscription is RM1,000 with a maximum of RM50,000 per subscriber.

The sukuk, with a three-year tenure, offers annual returns of 5%. Profit payments would be made quarterly.

Allocation of Sukuk 1Malaysia 2010 will only take place after the close of the subscription period. All subscribers will be allocated with an amount less than or up to the amount subscribed, depending on the total number of subscribers and the total subscriptions received, the central bank said.

It added that the sukuk came with a resaleable feature providing flexibility for investors to sell and buy the instrument before the maturity date.

Beginning June 22, investors can sell and purchase the sukuk at agent banks. The purchase of sukuk is based on a first-come, first-served basis, with no maximum limit, subject to the availability of the sukuk sold by existing holders,” it said.

Last year, the Government issued RM5bil worth of Sukuk Simpanan Rakyat with a three-year tenure as part of the RM60bil stimulus measures aimed at boosting the economy following the global economic slump. The entire RM5bil sukuk were fully subscribed within nine days.

Besides the sukuk, the Government has also issued Merdeka bonds, with the first bonds based on syariah principles issued in February 2004 until the eighth issuance in October 2005 when they were discontinued.

These bonds were issued again in two tranches each of RM1bil last year.

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Added on May 11, 2010, 11:13 amWith this Sukuk rm3bil comes into the picture, i think AS1M unsold quota will not be opened, at least until the rm3bil sukuk 1Malaysia finished subscribed

This post has been edited by cheahcw2003: May 11 2010, 11:13 AM

AS1M has no individual limit, whereas Sukuk 1M has rm 50K limit. AS1M do not have maturity date and flexible to cash in cash out, 2 different products, and uncomparable. i personally feel that AS1M will pay higher dividend than 5%.

i think this Sukuk 1M will only attact Chinese, as Bumi has too many options...

yes, based on your analysis, the only investors that may interested will be non bumi group.
RM3bil is not much. Assuming everyone top up the maximun of RM50K per account, RM3,000,000,000 / RM50,000, meaning only 60,000 Malaysian can invest in Sukuk 1 M. Easily finished sapued, last time the Bond/Sukuk only open for older ppl from 50 years and above, now open for anyone aged 21 years old and above, so can sold out faster.

5% is the coupon rate pay out twice a year. Guaranteed unless government kaput

most probably the report has not out yet. You can check the online report on asnb. Once report is out, PNB will only send individual statement to their investors.

dont need to bother much about the individual statement or report, sooner or later it will come, as long as you go to update your ASM passbook on 1st of April, u see your 6.3%p.a. return updated in your passbook, then it is good already.

indian quota or what? you need to specify in your question. as1m? the news indicated that only chinese quota is full.

For fresh fund in new account, max amount is RM200K only. Since u have 255K i guess u have kept in ASB at least for 4-5 years.
Besides ASB, all other fixed price funds like ASW/ASD are good also.

This post has been edited by cheahcw2003: May 31 2010, 05:56 PM

Of Sime, the GLC plan and sizePublished: 2010/05/15

If you think you should not be bothered about what is happening in Sime Darby Bhd (4197), think again. Do you invest in Amanah Saham Bumiputera, Amanah Saham Malaysia, Amanah Saham Wawasan 2020, or Amanah Saham Didik?

Permodalan Nasional Bhd (PNB), through these unit trusts that it manages, holds about 41 per cent of Sime according to its 2009 annual report. PNB also holds another 13.2 per cent directly. If you have savings in the Employees Provident Fund, the pension fund holds about 12.43 per cent while Lembaga Tabung Haji, the Muslim pilgrims savings fund, has another 1.82 per cent.

What this means is that these investment funds could be affected by losses in Sime. If the group's profit shrinks, it may not be able to pay as much dividends to its shareholders. If that happens, the funds may not be able to pay as much as it did. One could argue that PNB has a big group of companies and others who are doing well, like Malayan Banking Bhd, could offfset lower dividend payouts from Sime. But on the flipside, if Sime didn't make these losses, it could pay higher dividends and PNB could declare even higher payouts.

The losses are huge and Sime owes it to its shareholders to reveal what exactly happened after it finishes its investigations. And by shareholders it means the average Malaysian who saves in ASB, EPF and other investment funds that have a stake in it.

Read more: Of Sime, the GLC plan and size http://properties.btimes.com.my/Current_Ne.../#ixzz0pfTaT6kF

No need to wait until ASW2020 in 3 months time, Both ASD and ASW invest in Sime Darby, as at their financial year 2009, ASD & ASW has 8.1% and 3.27% exposure respectively in SIME DARBY Share. ASD will annouce the dividend income end of this month, so we will know how SIME DARBY case affected the funds.

u post the question in the wrong thread

ASNB Declares Income Distribution Of 6.35 Sen Per Unit For Amanah Saham Didik

KUALA LUMPUR, June 15 (Bernama) -- Amanah Saham Nasional Bhd (ASNB), a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB), today announced an income distribution of 6.35 sen per unit for Amanah Saham Didik (ASD) for the financial year ending June 30 2010. PNB Chairman Tun Ahmad Sarji Abdul Hamid said the income distribution would involve a total payment of RM207.75 million, an increase of 33.50 per cent compared with RM155.59 million paid last year.

"The income distribution will benefit 293,504 unit holders who collectively owned 3.59 billion units," he said when announcing the income distribution here today. Until June 11, 2010, ASD recorded a gross income of RM258.33 million with dividend income from investee companies contributng RM89.09 million or 34.49 per cent to the total income. Profits from the sale of shares contributed RM149.00 million or 57.68 per cent while the remaining income of RM20.24 million or 7.83 per cent was derived from investments in short-term instruments.

Ahmad Sarji said since its launch in 2001, ASD has always been the preferred fund for Bumiputera investors who were interested to invest in their children's education. Up to May 31, 2010, the fund had received a total of 67,403 new unit holders, an increase of 29.96 per cent while net inflow of new funds also ncreased by 603.22 million units or 21.26 per cent.

ASD is a fixed priced equity-income fund aimed at providing investment opportunities which can generate long-term growth and competitive returns to unitholders. The income distribution of ASD will be automatically re-invested in the form of units and credited into the unit holders' accounts on July 1, 2010. All transactions for ASD will be suspended between June 23 and June 30, 2010 to facilitate calculation of income distribution.

-- BERNAMA