True Normally the Chinese quota will finish around 1 - 5 days, but until now still not finished yet. So you can see the public response towards this AS1M is not so good

Why PNB so Desperate in AS1M thing...... Don't Understand..... The malaysian government desperately need the money or what??? As I can Remember, PNB won't be sending any promotion of unit trust by the snail mail......... wanna "cover malu" ah......... very funny ppl...... Not all people have the money right now..... daily expenses is increasing.... salary is the same if not reduced by employer....... Saving all "dried-up" by Sukuk, ASM 1st round & 2nd round, ASW........ So where got money ah..... Think we all millionaire ah......

True.............. BUT there are more to what you say........... Information I got from "Wealthy, Big Acc ppl" friends told me that bank people @ staff/advisers told that AS1M gives very low dividend rate ie 3 - 5%. They spread rumours that the fund is not good, wasting time investing etc. Some of friends told me they don't believe bank staff story because they are very highly educated and rich people. they invest not max but little less than max amount. My conclusion is that the Banks are worried because lot of savings/fixed money are out from their system if people invest in AS1M. If i'm in the bank position, I will also do the same because of the outflow of money......... Maybe there are risks because AS1M is Benchmarked against 5 year MGS unlike others AS* which is benchmarked againts KLIBOR. 5 Year MGS gives average return of 4% whereas KLIBOR gives around 2%. So I think this AS1M will give higher dividend rate maybe around 7 - 9% P.A and it's "Najib Fund". ASW2020- Mahathir fund. hehehe

Do you think our PM will let the AS1M fund to declare lower dividend. It's "Najib Fund". Sure we cannot predict the future, but this is najib's one, with the 1malaysia concept... and u say 90% chinese in AS1M. With such high percentage of Chinese invested in AS1M and the low support of Chinese voters towards Federal Gov. Party, do you think PNB (direct link to Gov/Najib via min of finance, which Najib is the finance minister) will declare very low dividend. Most of the top Gov people(BN/Umno) think if give high dividend, high stock exchange level, abolish the 30% bumi for new listing in Bursa Malaysia, etc. will give PM "good name" in the eyes of people. Every New PM of M'sia will do it. From Mahathir, Abdullah and now Najib. Just Think about it. Look East Concept, Islam Hadari concept, and now 1Malaysia Concept. The government is very unstable now and every by-election the Federal Gov Party lost.
I don't want to mix PNB unit trust dividend level with politics but this is the truth. We cannot run from it. You can see the trend of Dividend level before the year of General Election and after it.

PNB was set up to help bumiputera, but now the government have new investment vehicle which called Ekuitinas (ekuiti nasional) which help the bumiputera. This so called company will invest in the new listing IPO on bursa Malaysia or current big company operating in Malaysia. Now there no need 30% bumi before listing, just need give 50% of offer to bumi investor, which translate into around 12.5% of total paid-up capital of the company. Normally, new listing company will sell around 20-40% of shares to public/ institutional investor for new listing. Now the owners of company will be happy because no need to have 30% bumi participation before listing. It's Win-win situation. Tun Razak Implement the 30% bumi quota, Son Najib abolish the the 30% quota. Very opposite style. hmmm

I also heard the story..... maybe it's true. I don't know. I don't care how many times they create new units every year, I invest only little bit not until max amount, so less effect on me. If PNB pays my dividend every year min 6% p.a, I'm happy with it, if they pays less 6% p.a, then you see what will i do... PNB better make sure they pays min 6% dividend every year which I think is reasonable level for non-bumi, but if can sure want 9-12% dividend. Who don't want 9-12% p.a dividend rate. Sure everyone in m'sia want it. hehehe. Politics is dirty dude, the people will do all things to hold on to federal power. NO more comment on politics, it very sensitive topic.

YUP!, all my investment in PNB funds are reinvested into my account after they announce the dividend..... asm,asw,asn3,

True in your statement....... as the pnb is form to help bumis, sure they will declare higher dividend. That's the main purpose. It is good they "open-up" the pnb unit trust to non bumi with the 1st one asw2020 in year 1996. pnb needs the money to do "rolling" purpose, which to give dividend and others "national-unknown" reason... pnb test the market with asw2020 which is a huge success whereas all the 49% quota taken-up very short period. they then launch new unit trust asm with no quota (after that-got 200m unit special sale for bumi-don't know much about the info, but heard somewhere). ASM also a huge success . Then asn3, asg, now as1m.....

As long PNB pays my dividend around 6-8% per year, it is good for me. Sure i also want higher dividend, but if we cannot get, what to do... if want to be rich, just play/invest stock market. apply IPO. among the best/biggest in the year is maxis bhd. others also can, but bluechip stock are very less in malaysia now. dividend stock also very less. BAT, Calsberg,Tanjong plc, digi,berjaya sport toto among the highest paid dividend paid company which the gambling/alcohol company-Calsberg,tanjong,sport-toto not invested by PNB. It's haram. No comment on that.

Thank You.
Happy investing..

This post has been edited by davinz18: Dec 16 2009, 03:38 PM

PNB invest in genting?????? Are u sure???? I thought PNB do not invest in Gambling & alcohol company.....

[quote=cheahcw2003,Dec 21 2009, 08:58 PM]
For me, PNB's product is safe as long as BN is in power.


PNB and BN are direct & indirect link together, particular UMNO which PNB is incorporated for increase the Bumiputera equity ownership. So in conclusion BN(UMNO) = PNB. You can see the board of directors PNB. One person, don't know the proper name is Permanent Head of Umno Disciplinary Board, Director of PNB and also Vice-Chancellor of one Bumiputera owned University in Shah Alam. Not so sure about it, but the name keep popping up in few places. So the political link is everywhere.
Anyway, if PNB keep paying avarage 6 - 9% dividend every year, I will be happy. Don't care where they get the money, haram or halal investment. Just pay my dividend it's ok. If pays lower than 5.5% then drastic action will be taken like invest in other places. Will also ask all my family members, relative and close friends to take out money.

6b Amanah Saham 1 Malaysia units still available........

KUALA LUMPUR, March 22 — Six billion Amanah Saham 1 Malaysia (AS1M) units are still available for public subscription, to date.

Permodalan Nasional Bhd (PNB) president and group chief executive Tan Sri Hamad Kama Piah Che Othman said the Bumiputera and Indian quota made up the bulk of the remaining portion.

Saying that the subscription pace had not changed much since ASM1 was launched in July last year, he said the take-up rate was the fastest among the Chinese.

“Only eight per cent or 238 million units of the three billion units allocated for the Chinese community is still available,” he told reporters after announcing the income distribution for Amanah Saham Malaysia (ASM) here today.

He said the equity income fund enjoyed brisk sale among the Chinese community as not many funds offered by PNB are open to non-Bumiputeras.

“Many people are still waiting for the maiden dividend to be announced. They want to compare with other funds, under PNB, to determine if the returns from AS1M are as attractive as other unit trusts,” he said.

Hamad Kama Piah said Bumiputeras are more comfortable investing in Amanah Saham Bumiputera (ASB) and Amanah Saham Didik.

The AS1M, a fixed price fund of RM1 per unit, is open to all Malaysians with 50 per cent allocated to Bumiputeras, 30 per cent Chinese, 15 per cent Indians and other races, five per cent.

The fund is the fifth launched by PNB after the ASB, ASM, Amanah Saham Didik and Amanah Saham Wawasan 2020. — Bernama

TRUE...... PNB will wait until ALL the AS1M unit are sold before opening up others funds for non-bumi...... still left around 5 - 6billion AS1M unit unsold........ bumi quota is the most around 4billion++ and indian around 1billion.....hmm maybe next month new opening of AS1M quota for all (chinese mainly)......... if dividend rate is lower than 5%, maybe put other places or give another year chance before exit from AS1M fund........

True what you say.... BUT MONEY is more important.... AS1M only 40%++ subscribed of 10 Billion (30% fully by chinese, some 8% by indians & 2% by malays/bumi) still have around 6 Billion++ left.... need to fill that 6 billion..... if my prediction is correct, pnb will announce little bit higher dividend rate for AS1M at maybe around 6.5% - 7% to attract people at the fund. after announce the dividend rate & after credited by 1st OCT, maybe around 5th or 6th OCT pnb announce subscription for remaining unit.... this happen in past few years ago, if you all remember, it started around year 2005 & lasted until year 2008...... i can remember this because in the year 2005 & 2006 (asm & asw2020) i did't get any chance to buy because sold out within 20 - 40 minutes after PNB counter open.... that time no quota ie. 20k per person/week.... thats why finished fast.... still remember the person infront me at maybank took out around rm 120k to invest in asm & after that when my turn came, all asm fund sold out!!!!!!!!!!

If i'm correct, this thing actually happen in the case of asw 2020 few years back where the non-bumi quota fully subscribed (49%) & there are lot of unsold bumi units (51%) still unsold (currently even bumi units sold out). So this thing of unsold bumi, indians & others units floating where the chinese quota fully finish is normal....

The think that i don't understand is how pnb want to credit the dividend into the chinese account unitholder because chinese quota is fully subscribed (3 billion). maybe they will give cheque .... as for bumi, indian & others, the dividend can be credited into their account because quota not fully taken up..... anyway need to wait until 1st oct to know...

This post has been edited by davinz18: Sep 24 2010, 10:24 PM

Interesting development happening there.... bumi ppl selling asw2020...... maybe they got better offer in asb..... even i will sell the asw2020 for asb if not max 200k.....

The cost of living in malaysia have gone up very high nowdays...... with average graduate salary around 3k how to live in klang valley area..... not everyone have stable financial backing from parents (from the rich family generation ie. parents millionaire / billionaire, have family business etc.)

fresh grad 4k salary??? which company/organization??? very interesting...... maybe can apply new job there.....

ASB 31.12.2010 7%+1.25% = 8.25%

Went to update my book & top up little bit money in as1m.... 30min waiting all is done... no problem. also got extra bit dividend... i don't know, maybe they calculate 13 months period because i put on 5th august 2009... some my friends also got extra bit.. they must get RM63.80 for 1k, but they got RM64.05 for 1k.... confuse bit.. anyway i'm happy....

TO all who misssed investing in as1m, too bad for you.... who ask u to listen to rumours that as1m gives 3 - 4% only.... see yourself as1m 6.38% not 4%....heheheheeh

Anyway it better than FD or Sukuk 1msia 2010/ Rakyat 2009 right???? Sure all want above 10% per year, stable & can be trusted ( wat to do, not all can get asb lor)....

Not forgetting queuing in early morning just to buy the amanah saham.... last time came out few years back (not as1m), mostly chinese people started to come to asnb offices by 4.30am By 7am already 200 people there, when the asnb office open around 8am the people waiting already so long