Care to explain Why a DIVIDENT payout should be prorated for 6 months ???

Because he says he wants to buy NOW. So it will only have another 6 months to the announcement of the dividend at the end of the financial year September 2010.

Oh ! my bad.

Take this example.
Financial year end Dec
I bought in jan and sell it off in Mar
Do I get quart of the div?
Tax free?

as long as u dont close the account and leave some money inside the account u will get the prorata dividen at the financial year end.

from 24-mar to 1-apr.....heard you can't do transaction for ASM.... as they are calculating the payout....for the dividend declared....

btw...just found that AS1M still left ..............

if ASM can give 6.3%...then AS1M probably can exceeded 6.3%.....

yeah. you are right. Probably is the word.
I wouldn't be too sure. I too am hoping.
but if Najib is to lost his job tomorrow.
you can consider your "eggs" ..."boiled".
AS1M is supposed to be his baby. don't
want to loss face to Maha's W2020.
if he were to get thrown out of his office,
there goes his baby together with the tub.

Just bought more AS1M today. Funds still available.

There are still no charges for any transactions.

can i know what are the transactions charges for ASM? is it only when u sell/redeem or even when u pruchasE?

will appreciate links that will give me more info.. thanks.

**edit

no trans charges from ASM. got the answer fr the site

This post has been edited by joeaverage: Mar 26 2010, 02:26 PM

Chinese quota still available ? Still selling at RM1 without the sales charge ?

Yup! Still available and still no sales charge up to now.

AS1M is fixed at RM1 leh.... as far as I know, it won't change.......

This post has been edited by kmarc: Mar 26 2010, 06:11 PM

WHich amanah saham u guys thing will give best return tis year? besides ASB la

My bet is AS1M. It's the PM's brainchild.

This post has been edited by soul2soul: Mar 27 2010, 09:30 AM

Those with majority bumi participation. My performance ranking will be:-
1) ASB (as always)
2) ASW
3) ASD
4) AS1M
5) ASM

I think AS1M will only be slightly below ASB for the first financial year. After that, I think it will start to drop depending on the economic performance.

Juging from only 2% of AS1M are subsribed by Bumi, do u think ASNB will "penalise" the Bumi investors by declaring higher dividen for AS1M compared to ASD/ASW (which have 100% & 51% owned by Bumi)??? And to make the majority Chinese AS1M investors happy?
Many investors still do not look at the big picture of what and why the fomation of PNB/ASNB...

It's not to penalize. It is just a way to attract more investors to AS1M. If they really didn't care whether 'bumi' buy AS1M or not, they won't allocate so high quota for them and spend so much money/energy to organize nationwide roadshows. The reasons so many 'bumi' still reluctant to invest in AS1M is due to the uncertainty and risks. If they did not provide a good return on AS1M first financial year, this whole scheme might be in danger of collapsing with more chinese/indian investors pulling out their fund.

'Bumi' is not reluctant to invest in AS1M, they just have a much much better opportunity which is ASB. Whey put your fund elsewhere, when you are virtually assured of getting much better returns at ASB? AS1M will not collapse cause the chinese/indian have no where else to put their money in a semi-risk free investment. PNB knows this and so do our government.

That's why if PNB can provide a comparable ROI as ASB, it will become another alternative for those 'bumi' to seriously consider putting their money in AS1M. If instead the ROI is a lot more less than what we expected, I'm sure some of them will consider pulling out once a better investment opportunity arises or when they had acquire more aggresive investment knowledge (UT, stock etc). Somehow I believe that sooner or later PNB aka government will try their best to lure as much fund as possible into AS1M by raising AS1M ROI. If they create a RM10Bil UT fund, I'm sure they expect it to be filled by more than half.

Can you think of any reason, why they might want to share the cake? Me neither, so I do not think it will happen anytime soon.

Anyway those who invest in AS1M are mostly people who have their entire life savings in FD, hence they are looking for semi-guaranteed investment funds which pays a couple percent more over FD rates. Most of the money invested in AS1M used to be sitting for ages in the fixed deposit rate earning a small interest, yet they are content. If they know or dared to enter other investment, they would have invested their money that long ago. I am sure they are content even if AS1M announce 5-6 cents dividend 'as long' as it is higher than FD and EPF. Most of the people that I know who invested their max amount in AS1M have 100's of K in 60 months FD.

You have misunderstood, PNB is not set up to make money, in fact they have other motives. They wouldn't care less if the fund is not filled or they do not make money. Think about it.

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Added on March 28, 2010, 9:54 pmOn the side note, anyone noticed that 50% of ASB's holding is concentrated in two companies, which is Malayan Banking and Sime Darby? If either one of these company run into financial trouble, we would have a riot on our hands.

This post has been edited by gark: Mar 28 2010, 09:55 PM