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.

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

once a year, as dividend declared once a year

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.

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

30 sept

yes for all malaysian, and it is a variable price products like other private mutual fund companies' fund

---

Added on November 20, 2009, 9:52 pmNovember 20, 2009 18:02 PM

Chinese Community Subscription Quota Of AS1M Unit Trust Scheme Touches 80 Per Cent

KUALA LUMPUR, Nov 20 (Bernama) -- Permodalan Nasional Bhd (PNB) said today the Chinese community subscription quota of Amanah Saham 1Malaysia (AS1M) unit trust scheme has touched 80 per cent. The Indian community quota has reached 20 per cent, said PNB Chief Executive Officer Tan Sri Hamad Kama Piah Che Othman said. The Chinese were allocated 30 per cent of the 10 billion units, 15 per cent to Indians and five per cent to other ethnic groups.

Subscription by Bumiputeras, who were allotted 50 per cent units, was still low probably due to the wide choice of buying from other unit trust schemes like Amanah Saham Bumiputera, also managed by PNB. He, however, did not state the percentage.

He was asked on the subscription progress of AS1M unit trust scheme launched by Prime Minister Datuk Seri Najib Tun Razak on July 31. On whether the quota system would be scrapped and open to all races due to lukewarm response to AS1M so far, Hamad Kama Piah said PNB might consider the probability. Nevertheless, he said, the people might be interested to buy after seeing the first dividend to be announced next year.
So far, PNB has sold 2.8 billion AS1M units.

The 10 billion-unit AS1M is the biggest unit trust scheme launched by PNB, the country's largest fund manager. The units are sold at RM1 each.
Hamad Kama Piah had said earlier the fund would be invested in Malaysian companies with its yield benchmark according to the 5-year Malaysian Government Securities which currently hovers around 3.7 to 4 per cent. Hama Kama Piah was met in a "session-with-the media" following the announcement of 5.5 sen per unit income distribution for Amanah Saham Nasional 3 (ASN3) for the financial year ending Nov 30, 2009.

-- BERNAMA


This post has been edited by cheahcw2003: Nov 20 2009, 09:52 PM

i would say it depends how desperate PNB needs to reach the RM10billion target. This fund is launched by our PM, if our PM insist to reach the target given a certain period of time, then i dont see any reason the AS1M etnic quota will stay. Furthermore, PNB already lift up the 51%(bumi):49%(non bumi) ratio for A.S. Malaysia earlier this year.

are u referring to ASB? usually they will annouce a week b4 the year end

they can annouce anytime in december but the payout will be only on 31 dec, 1st Jan is public holiday so dividen will be in your passbook if u update it on the 2nd of Jan.

you need to place the weblink on the website, usually the newspaper have the weblink. So that we would know the details b4 giving any comments.
Many banks are loosing tonnes of deposits/fixed deposits due to the recently launched As1M, especially the older ppl withdraw from the FD and deposit into AS1M, so some bankers are spreading the rumous......

ASB and ASN suspension of Transaction from :

ASB : 21 Dec 09 - 3 Jan 2010
ASN : 23 Dec 09 - 3 Jan 2010

for the calculation of income distribution ended 2009. All transaction will be resumed on 4th Jan 2010.


Attached image(s)

December 08, 2009 18:18 PM

PNB To Announce ASB Dividend On Monday

KUANTAN, Dec 8 (Bernama) -- Permodalan Nasional Bhd (PNB) is expected to announce the dividend distribution income for Amanah Saham Bumiputera (ASB) this coming Monday, its President and Group Chief Executive Tan Sri Hamad Kama Piah Che Othman said.

The dividend as usual will take into account the performance of PNB which has been able to provide good returns to its investors every year compared with other investment instruments with similar risks, he said.

PNB manages to consistenly give good returns to investors, he told reporters after handing over PNB's business zakat amounting to RM1.7 million to Pahang's Islamic Religious and Malay Customs Council Chief, Tengku Abdullah Sultan Ahmad Shah, at the Istana Abdul Aziz here on Tuesday.

Hamad Kama Piah said the current market also has not badly affected PNB's performance.

He, however, declined to say whether ASB's dividend this year will be better than the previous year.

Asked on the prospects for PNB's investments in 2010, he said based on the better economic growth projection for the country, PNB also expected the climate for investments to improve.

"We hope that the performance of share investments managed by PNB will be better," he said, adding that the company will be investing in new instruments to increase its revenue.

Meanwhile, the amount of investments made by the people of Pahang in PNB operated share units amounts to RM4.2 billion or about four per cent of the total funds managed by PNB.

-- BERNAMA

your dividen will be calculate from 1st August onwards on monthly rest basis

yeah, better than expected, ASB consistantly pay 1% more than ASW/ASD/ASM

Sources: http://www.bernama.com/bernama/v5/newsindex.php?id=462106

ASNB Declares Dividend Of 7.30 Sen Per Unit For ASB

KUALA LUMPUR, Dec 14 (Bernama) -- Amanah Saham Nasional Bhd (ASNB), a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB), has announced an income distribution of 7.30 sen per unit and a bonus of 1.25 sen per unit for Skim Amanah Saham Bumiputera (ASB), for the financial year ending Dec 31, 2009.

Last year, the government-owned fund manager declared an income distribution of 7.0 sen per unit and a bonus of 1.75 sen per unit. Announcing the dividend and bonus for ASB on Monday, PNB chairman Tun Ahmad Sarji Abdul Hamid said the income distribution would involve a total payout of RM4.95 billion by ASNB, an increase of 19.56 per cent from the RM4.14 billion paid out in 2008.

The bonus portion, meanwhile, would involve a total payout of RM537.65 million by PNB.

The payment will benefit 6.78 million unit holders who currently hold more than 70 billion ASB units.

"Although the total numbers (dividend and bonus) looks lower this year at 8.55 sen per unit from 8.75 sen per unit last year, but in terms of total amount that we are paying out, it is higher at RM5.48 billion from RM4.79 billion last year," said PNB group chief executive and president Tan Sri Hamad Kama Piah Che Othman.

Hamad Kama Piah said PNB was in a strong position and would make sure of continued dividend payouts.

"Based on our fund reserve, our capacity is more than 11 sen per unit but we are just paying 7.30 sen per unit and bringing forward the balance of 3.70 sen for 2010.

"This is a long term fund and we want to make sure that we are able to use the money to buy more shares and do more investment because at the end of the day, we still have to pay again," he added.

ASB recorded a gross income of RM5.46 billion up to Dec 10, an increase of 3.4 per cent from RM5.28 billion in the corresponding period last year.

Dividend income from investee companies contributed RM1.48 billion, or 27 per cent of the gross income.

Profit from the sale of shares contributed RM3.67 billion, or 67 per cent, while the remaining RM309 million or 6.0 per cent came from investments in short-term instruments and other investments.

The income distribution and bonus will be automatically credited into the unit holders' accounts.

All transactions for ASB will be suspended from Dec 21 until January 3 to enable the calculation of income distribution and bonus. Unit holders will be able to update their accounts from January 4.

ASB is a fixed price equity income fund, opened for Bumiputera aged 12 years and above. It is aimed at generating long term, consistent and competitive returns to the unit holders.
-- BERNAMA

ASB (or any fixed price products of PNB), dividend is counted on monthly rest basis based on the lowest balance of the month, pay out on yearly basis.

For me, PNB's product is safe as long as BN is in power.

The others have explained for me, BN has big influence on PNB (or PNB is controlled by BN), so when parents in toruble the child will not be escaped.

when AS1M was launched, the message sending to the public was the fund will be used to stimulate the economy, but then the recent annoucement of building a 100+ storey skyscraper funded by PNB make me sick. There are many internal issues that need the government to iron up, like sharp falling of FDI, to control the CPI, rural poverty problems, corruption and etc., we are not in hurry to build the skycraper using AS1M fund.

I will not vote one party for the sake of it controlled PNB. Probably will withdraw the $ weeks b4 the GE.

My own bet. Shd be safe till next GE. I invest not because i like BN, i invest merely because it gives me stable return (higher than FD) for the last 10 years, and liquidity (just withdraw when i need money). i always treat it as a saving account that can temporary park my money while i have better opportunity with better return then i will withdraw partially.