<< soul2soul,

1)  Are you OLD enough to know UEM reverse take over of Renong in 97/98??  If not, do a google and find out.  Yes, securities commission suspended their rule to let it happened.  And, the majority shareholders of UEM are the GLIC like EPF, PNB and so on.

I invested in UEM.  I lost my money in UEM.  From then on, I promised myself not to invest on ANY GLC or GLIC.

You made bad calls in the stocks during the 1997 crisis. As a result, you lost some money, and you blamed the government for this mess.>>

soul2soul,

It is OBVIOUS that you have NO IDEA what the UEM incident is.  So, I wish you best of lucks.....

Dreamer

Thank you. I wish you well and happy, and that you will find a safe haven for your investments oversea. 

I think you ought to realize , not many people are as rich as you in Malaysia, and their hands are tied, options limited, and Government is their best hope. Take my uncle for example who only managed to save 8k through his 30 years of hard life, if not the government, who else can he trust? you?

bye

ya lar. But do you know how PNB operates or not? They do get preferential treatment when it comes to IPO for all the bigshots, like the upcoming Maxis USD 2 billion IPO. They just need to hold the 30% of Maxis IPO and they don't even need to sell them at KLSE. Maxis will be paying PNB dividends.

That's why all the foreign stockbrokers and investors have been complaining about malaysian stock market - they are too illiquid.

You look at public bank counter, how much volume ? Not much right? Too little sellers in the market for quality stocks because GLCs and PNB are all holding these stocks for dividend purpose.

This is the reason why PNB can still pay out good dividends during bad times.

It all comes down to this:

Do you trust the government?

The people who don't like Dreamer01, refrains from PNB funds. I trust the government, so I buy PNB funds. It all comes down to your personal perception.

I am giving you the FACTS, you said I am 'hitting' you?

Discussing means giving facts, where are yours?

Folks,

1) Seriously, given that there are less than 5 counters worth investing in KLSE and you KNOW that AS1M will have to invest on those 5 counters, you will make MORE MONEY by buying those 5 counters before AS1M.

2) Do your own homework.

3) Honestly, I make more money when people buy AS1M.

Dreamer

PNB Receives Investments Of RM17.8 Billion In 10 Months


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

Correct !

PNB Confident Of Full Subscription For Amanah Saham 1Malaysia
KUCHING, April 3 (Bernama) -- Permodalan Nasional Bhd (PNB) is confident that all 10 billion Amanah Saham 1Malaysia (AS1M) units will be taken up by the public.

To date, 3.6 billion had been subscribed, President and Group Chief Executive Tan Sri Hamad Kama Piah Che Othman said Sunday.

Of the 10 billion units of AS1M launched in July last year, five billion are allocated for Bumiputera, three billion for Chinese and 1.5 for Indian investors, while the balance for others.

Hamad said that of the total units allocated for the Chinese, only five per cent was left.
"This is because the quota for the Chinese community for other unit trusts has been fully taken up, so they take the opportunity to subscribe for AS1M," he told reporters in Kampung Pinang Jawa here. He said that of all unit trust funds managed by Amanah Saham Nasional Bhd (ASNB), a wholly-owned subsidiary of PNB, 10.9 billion units were subscribed by 951,000 unitholders in Sarawak.

On the Malaysia Unit Trust Week 2010, he said, it would be held at the car park of Wisma Bapa Malaysia here from April 20 to 26 and officiated by Deputy Prime Minister Tan Sri Muhyiddin Yassin.PNB expects at least 150,000 visitors at the event where prizes worth RM500,000 are up for grabs.

-- BERNAMA