nope, but the reason i won't believe is because PNB Chairman where got send emails one, lol.
he's still learning facebook...

Spot on Ronnie. You have insider info or you are the chairman?

For me I was expecting 6.8% since EPF can give 6% and GE13 coming and govt. is giving free money left and right.

This post has been edited by MGM: Mar 22 2012, 08:33 PM

This time the dividend going to be paid by cash right instead of re-invest ?

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Added on March 22, 2012, 8:58 pmNo, dividend to be reinvested into extra units .

This post has been edited by Evening: Mar 22 2012, 08:58 PM

ASM unit holders get 6.50 sen dividend

Just wanna know, anyone here invest in ASG? PNB announced 7.00 sen dividend and above for the 3 ASG funds...

KUALA LUMPUR: Amanah Saham Nasional Bhd (ASNB), a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB), has announced a 6.50 sen dividend per unit for Amanah Saham Malaysia (ASM) for the financial year ending March 31, 2012.

The income distribution was higher than the 6.38 sen per unit paid last year, PNB chairman Tun Ahmad Sarji Abdul Hamid said yesterday.
He said the income distribution would involve a total payout of RM820.24 million, an increase of 8.6 percent compared to the RM755.05 million paid out last year.

“The payment will benefit 546,341 unit holders who currently hold 12.62 billion units of ASM,” he told a press conference here yesterday.
Up until March 21, ASM has recorded a gross income of RM978.32 million.

Dividend income from investment in companies contributed RM774.77 million or 79.2 of the gross income.
Profit from the sale of shares contributed RM53.59 million or 5.5 percent, and the remaining income of RM149.96 million or 15.3 percent was derived from investments in short term instruments.
The income distribution will be reinvested in additional units and will be automatically credited into the unitholders’ account on April 1, 2012.

Commenting on the performance of ASM, PNB President/Group Chief Executive Tan Sri Hamad Kama Piah Che Othman said they had the capacity to pay 8.0 sen but “we decided on the current income distributions due to unfavourable environments”. He said PNB would continue to ensure that its strategy in stock selection give competitive annual returns for the long term.


MY Comment: as expected 6.5sen, already know since last year after AS1M announcement. ASD,ASW2020 & AS1M all is 6.5sen per unit dividend so it naturally for ASM to get 6.5sen also.

This post has been edited by davinz18: Mar 23 2012, 06:16 PM

Do you guys think that there is a way to even opened an account for ASW2020 even with a RM10?

I just hoped to have the passbook so that i can have the opportunity to invest by trial and errors at the ASNB counters.

Without the passbook, i cannot even have the chance to try my luck.. ^^

Hi, I have been a FD person all this while so I have plenty to read up on these PNB funds. Are these PNB funds protected by any body (something like PIDM)? Thanks

Amanah Saham is managed by PNB.
PIDM also govt owned. If PNB fails, don't you think banks and PIDM would fail in the same sense.

Invest it Amanah Saham while you can to take advantage of the "higher" returns.

good logic

Investing in this amanah saham looks better than injecting money to EPF as the money can be withdrawn anytime. I plan to just put a small start up amount first and then maybe monthly a few hundred.

I read before that there is a cap of RM200k for certain funds. This includes the amount invested + dividen? Meaning, in such case, a person cannot have more than RM200k in his account and when this happens, he needs to cash out?

Also, I understand that some of these funds has reached its limit for non-bumi like ASW2020 and ASM, so not much choice left. So I am looking at AS1M now.

If you are Chinese, no more Amanah Saham for you to invest. Unless govt needs money.

ASB is for Bumiputera only and limits to RM200k.
Not sure if need to withdraw if the dividends increases total investment to RM200k

No. You don't.

I used to know someone who offered the PNB officers some tips, for exchange they will help you to "reserve" the amount of fund you desire whenever the opportunity arises, and notifies you to immediately bring over your money for purchase. Downside is you need to be always available, ie. not really viable for the working people. True enough, he managed to buy extra units for it not long later, despite the funds being fully subscribed most of the time. Have also heard of people having friends working at PNB-appointed banks, who will help them to purchase whenever units are available. That is why the funds are always unavailable to the rest of us, because the moment someone sells, these bankers and PNB officers immediately grabbed them.

Thanks for the helpful tips.

What you are saying is really true.. The appointed agents are really a disadvantage to us..

^^

as the government are having political issues is it stil safe to invest in asnb?

I believe BN will still become the Ruling Coalition.

U dont have to go until the extend of corrupting the staffs to invest the funds for u. There are a lot other good alternatives that can give u good return. WHat u have suggest is not right and i strongly discourage it...

So meaning for poeple like me who just wanna open an account, it is difficult to purhcase any units now?

Yes, actually it is true..

If PNB failed, what to say about PIDM..

Most of the shareholders investing in PNB are expecting it to be capital guaranteed despite that there is no claims of protection from PIDM.

Majority of people investing in it, and even some of the investors are non-stopping injecting money in this fund..

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Added on March 25, 2012, 6:20 pmIf political issues will affect Asnb, it is better than we dont put money in banks also... lol... ^^

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Added on March 25, 2012, 6:22 pmIts impossible for the non-bumi to open account right now..

The quota for the non-bumi are sold out already..

This post has been edited by smartinvestor01: Mar 25 2012, 06:22 PM

Please correct me if I am wrong:

All ASNB funds' (EXCEPT AS1M) dividend are tax exempted from Year Of Assessment 2006 to 2016.

AS1M's dividend is tax exempted from Year Of Assessment 2009 to 2019.

Are these conditions automatically renewed ?