I'm betting on 6.85 cent income distribution + 1 cent bonus

True that. I know a lof of people who have been taking a "wait and see" approach with ASB2. I guess they'll just dump everything into ASB2 now and take a fresh 200k loan for ASB and just like that, you're almost a half-a-millionaire already heheheh

Would have to wait for the annual report to be published to compare its portfolio with the rest. Mind you, ASB2 is the first fund under ASNB that is allowed to invest overseas so looking at how EPF did with its overseas investment returns, it's not entirely impossible.

Heard from some journo friends that it wasn't part of the official press statement read by the chairman but the CEO did say that actual capability is around 10.22 cents per unit during the Q&A session. Not sure if it'll get published, so we'll have to wait and see.

It's not in ASNB's MO to not carry forward earnings for a rainy day

Correct

Too focused on GST maybe

Let the hunting begin than

Wanna go but all the way in Sibu, a bit far from KL

Every income distribution, the statement, "competitive and consistent returns" will be used. Can't blame them as for fixed priced, it's really almost minimal risk with pretty good returns

If it is than it normally is

For as long as the whole 1MDB hu-ha is ongoing, the sale will go on. Those who cashed out on rumors will later regret for repeating the same mistakes investors made in the past

Given the fact that just to open a file with a lawyer (without doing anything else) is already going to cost you anything between RM2k to RM3k (depending on the law firm) than I'd still say it's much cheaper.

ASNB's processing time of 21 days is fast too, don't think you can get your estate distributed upon death even with a will that fast.

Nominees are only applicable for non-Muslims as whomever that is nominated is the rightful owner of the said estate. For Muslims, nominee is nothing more than just an appointed administrator to divide the estate according to Islamic principles.

For ASNB to manage your estate in a similar way to how ARB does would mean that ASNB would than have to go into the trustee business. I don't believe that is the core focus of their business.

Malaysians are just too gullible...

ASNB post on GST

It's the entire reason why SC has not allowed for ASNB to launch anymore new fixed priced products for a long time, thus disappointing many Malaysian in the process. Then again as with always the case of Malaysia, our dear Najib just bull-dozed all regulators and its regulations and launched ASB2.

With regards to what PNB can do with 200 billion? The things suggested are not so easy to be implemented. Unlike TH, LTAT, KWAP and what not, ASNB is just like any other unit trust company. All securities are in the name of the trustee, they're under the purview of SC/BNM and other regulators, they have to disclose their investment portfolio in their numerous reports and many more.

The same transparency can't be said for TH, LTAT and KWAP despite these institutions managing billions too.

Malaysians just love to fall for rumors. Funny how despite today's connected world that we live in, many still find it hard to just send a Tweet or FB msg or email to ASNB just to clarify on something but instead just getting into panic mode and spread lies.

If I were ASNB, I'd sue those people who come up with such insane and stupid lies

That's a lot of wealth injected into the economy. I'm not sure if many countries have GDP as large as that figure. Makes you wonder, if everyone were prudent and responsible with their proceeds, how much would the economy and the nation actually grow

What do you mean propping up? ASX funds are only open to individual Malaysians and not companies like bank. How can you prop-up a ASX fund if you cannot buy into it?

This if of course propping-up that you mean here is the same as a shareholder propping up an equity counter on the stock market by buying shares of the said security

It's 2015 and still got people who "fart" and leave comments with no head or tail and just leave like that. Increasing post count maybe?

I believe that it's because ASNB can never pull the same crowd if MSAM was done in KL is the reason why it will always be held outside of KL. I read in the newspaper today that this year's MSAM drew more than 300k visitors and believe me, Sibu on its own isn't that large in terms of population.