http://www.btimes.com.my/Current_News/BTIM...icle/index_html

oh found it... wah that's more worth than FD...

PNB Announces 6.3 Sen Income Distribution For ASW 2020

KUALA LUMPUR, Aug 19 (Bernama) -- Permodalan Nasional Bhd (PNB) on Wednesday announced an income distribution of 6.3 sen per unit for Amanah Saham Wawasan 2020 (ASW 2020) for the year ending Aug 31, 2009 as against 7.0 sen per unit in the previous year.

Its chairman Tun Ahmad Sarji Abdul Hamid said the income distribution involved a total payment of RM592.26 million.

"It will benefit 872,322 unit holders who currently hold 11.01 billion units of ASW 2020," he told a press conference here.

ASW 2020 unit holders will receive their income statement from the end of October.

Up to Aug 17 this year, ASW 2020 recorded an income of RM661.28 million, an increase of 12.62 percent from the RM587.18 million posted in the previous corresponding period.

Profit from the sale of shares contributed RM311.27 million or 47.7 percent while dividend income from investing companies RM223.69 million or 33.83 percent and interest and other income RM126.32 million or 19.10 percent.

Meanwhile, PNB president and group chief executive Tan Sri Hamad Kama Piah Che Othman said PNB sold 14.5 billion trust units in the first eight months of this year.

Of the amount, 7.7 billion units were subscribed by Bumiputeras and the balance of 6.8 billion units by non-Bumiputeras.

"As a whole, since PNB launched Amanah Saham 1Malaysia (AS 1Malaysia) and increased the units of ASW 2020 and Amanah Saham Malaysia (ASM), it has sold 14.5 billion units," he said.

PNB currently manages funds totalling RM120 billion.

Asked on the progress of AS 1Malaysia, Hamad Kama Piah said 1.962 billion units had been sold to date.

"Even though, its sale was quite slow, the demand for AS 1Malaysia was better compared to ASW 2020 and ASM," he said.

ASW 2020 sold 70.18 million units on the first day of its launch on Aug 28, 1996 and ASM 173.6 million units when it was launched on April 20, 2000 while AS 1Malaysia touched 1.08 billion units on its launch on Aug 5, 2009, he said.

He added that for AS 1Malaysia, about 56 percent of the Chinese quota had been filled, representing 1.66 billion units.

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Added on August 19, 2009, 4:11 pmThe Lowest dividend rate ever in ASW 2020 history!!! what happen to the 7 - 10 % dividend rate??
I'm very angry with the management of PNB... how do they do business. first few month of 2009, the bursa malaysia bluechips shares are trading higher than last year and with that they only give a mere 6.3%... they can give 7 or 7.6% izzit.......

No more Happy Investing....
thank You

This post has been edited by davinz18: Aug 19 2009, 04:11 PM

Payment trend of PNB fixed price fund in 2009

ASM - 6.25% ( Financial year ended 31 March 09)
ASD - 6.3% (FYE 30 June 09)
ASW - 6.3% (FYE 31 Aug 09)
ASB - ? dont know yet (FYE 31/12/09) last year 2008 paid 7%+1.75% bonus.

I do not expect ASW will do better than 6.3% when ASD which is 100% held by Bumiputera only declared 6.3% few months ago.
If PNB does not push for AS1M now, ASW may declare lesser dividen than 6.3% because the prisident of PNB always benchmark AS1M's performance against ASW and ASM. My personal opinion.

This post has been edited by cheahcw2003: Aug 19 2009, 04:19 PM

ASB this year:- 6.3% + 1.7% bonus.

Dear friend,

Considering the fact that malaysia is in recession, the payout of 6.3% can be considered decent. If you are not satisfied with this payout, you should opt for a higher risk investment like in Stock markets....

Saw him there yesterday .... he did mention that AS1M and ASW/ ASM should have roughly same return rates

Dude, PNB announced payout 6.3 cents per unit for ASW2020 for 2009 is considered generous with the current economy enviroment. If you compare with conventional bank FD in Malaysia, the MAX rate for a year only gives you 2.5% p.a. The dividend payout almost 2.5 times than normal FD.

This post has been edited by Pan84: Aug 19 2009, 05:27 PM

soul2soul,

PNB invest in stock market too. In fact, 70% to 80% of ASx is in stocks. So, what makes you think that it is LOWER RISK??

Dreamer

Think is the 'fixed price' words...

6.3% is quite good compared to FD only 2.5%...

Good question, commercial bank take the depositors money to lend it to credit card spender for 12%-18% p.a., and personal loan for > 10% p.a., and only pay to FD depositors for 2-2.5%p.a, commercial banks bearing the risk of borrower default in loans, but "guarantee" a FD interest rate of 2.5% p.a. if u hold the FD till its maturity.

Same applies to PNB, they invest 70-80% of money in stocks, it could be gaining or loosing depends on the stock/index performance. The bottom line is that ASW (one of their fixed priced product) again proves the handsome return of > 6%p.a. for the last 13 years in a row despite the economy turmoil.

Furthermore, the feature is like FD, anytime u want to quit the game, u get back what u have invested plus +ve dividen.

This post has been edited by cheahcw2003: Aug 19 2009, 08:57 PM

True on ur statement, but a mere 6.3% for 1 year lot of people are hoping for higher return on investment. The brand name of "PNB trust fund" have some kind of premium over other trust fund in malaysia. So most people are hoping for the best. You can see on the day of opening of ASW2020 & ASM, lot of people investing. My target for ASW 2020 is around 7% - 10% dividend rate, if can max 12% (which is not going to happen anytime soon)

No choice.Even 6.3% is higher than EPF.We cant expect too much..

Cannot expect too much especially in current economy and equities environment.

A lot of UT investors suffer at least 20-30% loss in last year alone.

It is impossible for PNB to pay 10% if they are not making money out of equities for the last year.

In that case, I think you're investing in the either the wrong product or the wrong time.

Given the general economic circumstance, I think your upper bound is an impractical hope. I expect the non-ASB funds to max out at 7% (stretch 8%) till mid next year. 10% is a pipe dream. For that, I suggest getting into some aggressive-type UTs or direct investment in counters. You'll face higher risk of course, but hey, something for something right?

Any suggestion If you are "so good" in giving advice to people

This post has been edited by davinz18: Aug 19 2009, 11:21 PM

Your sarcasm, much like your reading comprehension, needs work. My suggestions are in the prior post.

Guys
Did I get my historical and present rates correct?

ASW2020
FYE 31 August
2006 – 6.80%
2007 – 8.00%
2008 – 7.00%
2009 – 6.30%

ASM
FYE 31 March
2006 – 6.80%
2007 – 7.80%
2008 – 6.25%
2009 – 6.30%

ASD (strictly for Bumiputra)
FYE 30 June
2006 – 6.80%
2007 – 7.00%
2008 – 7.00%
2009 – 6.30%

ASB (strictly for Bumiputra)
FYE ?
2006 – 7.30% + bonus 1.25%
2007 – 8.00% + bonus 1.00%
2008 – 7.00% + bonus 1.75%
2009 – 6.30% + bonus 1.70% confirmed?

hear from radio this morning. the pnb said actually can paid up to 8.X% but they want to use the money to invest more in the equity market.
I think they pay only 6.3% is ok. But where is 1.Xmore % goes? it should give bonus unit for the 1.x%. it will be unfair for the current investor.

PNB nafi kurang sambutan

KUALA LUMPUR 19 Ogos - Tempoh jualan Amanah Saham 1Malaysia (AS1M) yang diperuntukkan kepada para pelabur bumiputera boleh dilanjutkan jika terdapat pertambahan pelaburan dalam unit berkenaan. Presiden dan Ketua Eksekutifnya, Tan Sri Hamad Kama Piah Che Othman berkata, PNB tidak ada masalah untuk menimbangkan perkara itu dan akan memaklumkannya nanti.''Kemungkinan itu ada. Ia bergantung kepada keadaan, sekiranya sambutan AS1M yang diperuntukan kepada pelabur Bumiputera mendapat sambutan dengan pertambahan hari demi hari, kita boleh menimbangkannya,'' katanya.

Setakat ini, 1.926 bilion unit AS1M berjaya dijual dengan pecahan 1.66 bilion atau 56 peratus peruntukan dibeli pelabur Cina dan 178.8 juta atau 12 peratus kaum India. Hamad Kama Piah yang enggan mendedahkan jumlah langganan oleh pelabur bumiputera, hanya berkata: ''Peruntukan bagi pelabur bumiputera masih banyak lagi''.

Ditanya tentang pendekatan yang akan diambil PNB untuk meningkatkan langganan AS1M di kalangan bumiputera, beliau berkata, PNB telah melakukan pelbagai pendekatan melangkaui apa yang sepatutnya dilakukan sebagai tanda komitmen. Namun, beliau juga akan melihat pelbagai strategi lain termasuk cadangan langganan mengunakan caruman Kumpulan Wang Simpanan Pekerja.

from UTUSAN MELAYU

A few findings from the above news:
a) They may keep the Bumi quota after the promotional period on 3rd of Sept, so after the 3rd sept bumi quota may not be opened to other races. But it depends on PNB's descretion.

b) from the statistic given, based on the 1.926 bil unit that already sold, chinese subscribe 1.66bil (86%), indian subscribe 178.8mil(9%), and the rest i.e. referring to Bumiputera in this case, subsribe the remaining of 88mil (around 4%)

c) If AS1M fund is allowed to subsribed using EPF, i guess the fund will be easily filled up as it expect to pay out better dividen than KWSP.