hi guys, im new to the societies, jus got employed n able to save sum good money lately n thinking of the best way to invest for long term as a start.

asnb funds came into my mind n been suggested by many but... which fund shud i buy? im not bumi. amount to invest is 10k. n i kinda suck in bm, cant reli understand things in the asnb website.

If u r a non bumi, the only choice for u now is AS1M it is a fixed price product. If u can take some risk there are other variable price products like ASN3 and ASG, but these variable price products are with 5% initial service charge.

thx v much dude will dig into as1m tehn

Click the icon that says 'English' to get the english version of the site.

can anyone help me on finding the info on how did the pnb give dividend for people? how they calculate the dividend for us?

can i just like put the money 1 month b4 they giv divi???
is it the same like the one who save it from the starting after the giv the dividend?

please help me...

read some of the back pages in this thread...the answer is there

Everytime I go to Maybank, they will promote their ASNB financing to me. Based on past dividends and bonuses, do investors still gain? After deducting the interest? Coz I'm interested, as a way for me to save. I'm worried as I have very little savings now.

This post has been edited by spikey2506: Oct 30 2009, 08:59 PM

for whether worth it to do asb financing, u can search the forum of the following website, there are many forumers discussed whether it is good to do the asb financaing
www.bicarajutawan.com
www.flyingspaghettimonster.com

Maybank's rate is expensive, u can try CIMB

This post has been edited by cheahcw2003: Oct 31 2009, 11:30 AM

receive statement from PNB regarding ASW2020, how often we receive this kind of statement?

once a year, as dividend declared once a year

....

This post has been edited by borneo: Nov 5 2009, 12:55 AM

Don get me wrong i don mean that ASX fund is not good. I park my money in there for more than 10 years. Just that recently i withdrawed almost more than 70,000 units due to my lost in confidence in malaysia economy.

I am worry that what if anything happened to BN... As you know PNB fund so far only invested in Malaysia only Not diversified enough.

i guess u think too much....3 more years b4 the next election. As long as BN in power it shd be fine.

If Najib not the PM i will be not so worry . He is famous for buying things 10 times than the actual value....

PNB is the biggest shareholder of MAXIS

KUALA LUMPUR: Now that the market knows there are at least five major institutional funds that would pay only a maximum of RM5.20 apiece for Maxis Bhd shares, there may be a good chance that shares being offered in the country’s largest initial public offering (IPO) would not go beyond that level.Four funds — The Employees Provident Fund Board (EPF), Kumpulan Wang Persaraan (KWAP), Permodalan Nasional Bhd (PNB) and Fidelity Investments — that have been identified as “cornerstone investors” for the IPO will pay “up to RM5.20” apiece, or as much as RM3.26 billion for 626.08 million or 27.8% of the 2.25 billion shares that the owners of Malaysia’s leading mobile operator are offering for sale, CIMB Group CEO Datuk Seri Nazir Razak told those present at the prospectus launch here yesterday.

The four funds would hold on to the shares for at least six months. CIMB Investment Bank -- which helped float “the old Maxis” in 2002 as well as its privatisation in 2007 -- is the IPO’s principal adviser, joint bookrunner, joint global coordinator and joint managing underwriter.Cornerstone investors will pay “RM5.20 or the institutional price, whichever is lower”, for the block of shares which collectively make up 8.35% of Maxis’ share base, according to Maxis’ IPO prospectus.

Lembaga Tabung Haji’s (LTH) chief investment officer Mohammed Noor Abdul Rahman, had earlier stated that the pilgrim’s management fund would not pay more than RM5.20 apiece for “the new” Maxis, which houses Maxis Communications Bhd or “the old Maxis’” Malaysian operations but not its loss-making operations in India and Indonesia. Other institutions have until Nov 9 to decide how much they are willing to bid to get the remaining offer shares.

Retail investors will definitely be paying no more than RM5.20 apiece for Maxis at IPO, given that the 212.3 million shares slated for the retail offering (9.44% of IPO offer shares) will be priced at RM5.20 or 95% of the final institutional price, whichever is lower, according to the listing prospectus. At RM5.20 apiece, Maxis will be worth RM39 billion, the value of the old Maxis at its privatisation in July 2007.The final price for the retailers and institutions will be determined after the closing of the institutional book-building exercise on Nov 9, and could also fall outside the RM4.80-RM5.50 indicative range.

This article appeared in The Edge Financial Daily, October 29, 2009.

Wonder how is the sales of AS1M???

PNB Receives Investments Of RM17.8 Billion In 10 Months


ALOR SETAR, Nov 11 (Bernama) -- Permodalan Nasional Bhd (PNB) has received investments amounting to RM17.8 billion for the first 10 months of this year. PNB President and Group Chief Executive, Tan Sri Hamad Kama Piah Che Othman said the investments from the people were for all the nine share trust fund products of the agency. "The amount of investment from the people had gone up compared with the RM12 billion received for the 12 months of last year," he told reporters after officiating a promotional programme for the Amanah Saham 1 Malaysia (AS1M) northern zone, here Wednesday.

About 500 people attended the event which also featured two special talks on AS1M for public staff and students from institutions of higher learning. The AS1M share trust fund was launched by Prime Minister Datuk Seri Mohd Najib Tun Razak on July 31 this year. Hamad Kama Piah said the rise in investment amount proved that the people were confident with PNB in view of its ability to provide competitive returns even amid the global economic recession.

He said PNB was the sole share trust fund agency in the country that offered a flexible investment system where the investors can withdraw their money anytime and also buy the shares at any time. He also said that from the feedback received by PNB, it was found that many people, especially the non-Bumiputeras, were not certain about PNB's investing system and had assumed that they will not be able to withdraw their invested money for a period of five years."This assumption is wrong. All investments can be withdrawn and the returns on investments are given out every year," he explained.

Todate, 2.75 billion AS1M units have been sold to 228,718 investors. The quota for the Chinese community has been subscribed by 78.5 per cent so far, while the quoto for the Indian community has reached 19.7 per cent, he said.

"The quota given to Bumiputeras has been sold only three per cent. There is a possibility that many Bumiputeras are not investing in AS1M as they have chosen other investment products such as ASB," he said. He said the Bumiputera community should realise that the investment opportunity in AS1M comes with no limit compared with the ASB which is limited to RM200,000. "This is one more time a new investment opportunity open to all the races and we can buy the shares in the market at a low price," he said.

--BERNAMA November 11, 2009 15:14 PM

Conclusion from the Chairman statement:-
a) from the statistic shown, still have 21.5% of chinese quota and 80.3% Indian quota remains unsold. 21.5% of unsold chinese quota is equavalent to RM645million units, meaning RM2.35billion being sold to this etnic, not bad actually.

b) Total unit sold is 2.75 billion, 2.35 billion sold to chinese, meaning 86% of the AS1M fund is held by chinese group now, 0.3billion billion to Indian, and 0.1billion to bumi group

c) chairman claims that bumiputera does not interested in AS1M as they only focus on ASB with 200k limit, actually, Bumiputera can also invest in ASW2020, and ASD that still have millions of units available for them. Unless bumi investors can forsee AS1M potential return will be higher than ASD/ASW2020, otherwise i do not see Bumi will invest in AS1M. What do u guys think?

d) 2.75billion with total investors of 228,178, meaning average investment per investor is RM12,035

This post has been edited by cheahcw2003: Nov 11 2009, 10:28 PM

Average of RM12k per investor, if we can dissect further based on age category, could it be the elders people holding more .....
one drawback for sure, the funds only announce dividend once a year.... so have to put our neck long to wait for it.....

sory folks, want to ask basic nob question. Can I withdraw money from ASB every month?

I have 0% installement CC, I have cash to buy tv worth RM5k, but i think it is not wise to buy it cash since my cc have 0% installment plan

So i decided to dump 5k in ASB and then every month i take out the money to pay my installment

AFAIK, ASW only can withdraw 4 times per year

You can withdraw your money from ASB anytime you want. There is no restriction whatsoever. Am a ASB account holder myself.


Are you sure about this ? I'm pretty sure you are allowed to withdraw your money in ASW 2020 anytime you want. Who told you this ? I think you've been misinformed.