I presume your friend is a non-Bumi and he/she is lucky actually. Normally non-Bumi units sold by individuals will be quickly snapped up by those people working in banks who have the access to subscription status.

If there were lots of Bumi who bought ASM today at last minute, the units available could be less than 1 bil now. Therefore, competition is gonna be stiff tomorrow!

I've just got mine. Judging by the crowd today, I think the balance units of ASM could be sold out in a day.

Congratulations to those who have managed to grab some units of ASM today!

PNB office; after 7am++.

You should get ready with all neccessary documents. It's not easy to queue and get your turn you know.

This post has been edited by winner: Jul 21 2009, 10:45 AM

Not really though. But it's definitely better than banks located in big towns.

Generally PNB offices have the largest crowd. They open a lot of counters and the staff are experience and fast (it's their routine anyway). I like to purchase at PNB office because I don't wanna bring cash. Another advantage is that PNB offices open at 8.00am sharp.

Same as ASW2020 last round, sold out within half day?

I think it could still last until end of today or tomorrow, as there is/was heavy rain in certain parts of KL.

It isn't an issue to let the ASM agent (bank) to have a copy of your IC. It’s the procedure. It doesn’t matter whether you cross it or not.

Borrowing money from bank to purchase ASM doesn’t make sense. I think those people must be the priority banking customers or having huge fund in their deposit accounts.

Most likely it won’t last until that long!

The financial year of ASM ends 31st March, and dividend payout of x% will be declared on yearly basis after the financial year ends. How could you expect to receive the dividend if the financial year has not ended and dividend payout has not been announced yet? A bit confused now. I’ve never sold my units before so I don’t have the 1st hand experience. Perhaps those who have done this before could enlighten us.

So, I presume you have done this to your other AS like ASB right? Mind to share how the calculation works?

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Added on July 21, 2009, 6:36 pmOK, that makes sense. Glad that somebody with real experience shared this information.

In that case, she has to make sure that her acc is still active (with some units inside)in order to be entitled to the dividend which will be paid after 31st March?

This post has been edited by winner: Jul 21 2009, 06:46 PM

Malaysian government related offices always use "system down" as an excuse. I hate to hear that activities couldn't be proceeded because of off-line. Last month I went to a post office in the morning to renew my road tax but I was given that the system was down. I went there again in the late afternoon and it was still off-line. Are we moving ourselves towards an advanced country? Still a long way to go.

Yes, it was sold out at around 10am today. Pity those who queued up in front of banks early morning as most banks only open after 9.15am or 9.30am.

I wonder whether anyone has managed to purchase today. Likewise, it was actually sold out before PNB offices closed yesterday.

If all units were sold out yesterday, PNB should make immediate announcement so that thousands of Malaysians won't queue up in the morning today.

The Bumi discount rate is determined by the Statement Government. Therefore, the discount rates vary in different states. For example, developers in Johor need to give 15% discount to Bumi buyers for its residential properties, as opposed to KL 5%, Selangor 7% and Penang 5%.

Yes, most peopke know the risk. Nevertheless, the risk is much lower compared to speculating in stock market.

It's sad to hear that our government imposes such restriction on Sabahan/Sarawakian Bumi. But hey...why do you need ASW2020 since you can buy ASB. You've probably maximised your purchase limit for ASB? Hahaha

Yesterday or today?

I'm very interested to know who really got it today.

I think the response, especially from Chinese group, won't be "extremely overwhelming" this time around. Reason being it is not transparent enough. Nevertheless, I will still buy some, but I won't join the crowd on the first day. There's no point to waste time and energy queuing up early morning if the return is around 4% as predicted.

I can sense a sarcastic remark.
The concept of "1Malaysia" vanishes with the quota system. I'm also disappointed that this fund doesn't allow withdrawal from EPF.

As mentioned many times here, it's better to invest in a more matured fund like ASB if you are a Bumi.

It may take weeks or months for the non-Bumi quota to be sold out. At least I am unexcited and I don't queue and buy on the 1st day this time around.