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Ultimate Discussion of ASNB (47457-V), Wholly owned subsidary of PNB (38218-X)
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!@#$%^
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 Aug 27 2015, 08:16 AM
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QUOTE(my44 @ Aug 27 2015, 07:11 AM) Mownink pipu! Wah so doom and gloom here. Be safe everyone! Ok got question related to ASB/ASB2. Please note the numbers are imaginary  On 31/08 I got 40k in ASB. On 01/09 I withdraw it from ASB and put that 40k in ASB2 immediately. So will I be eligible for ASB2 dividend calculation for 01/09 to 30/09? Also, is there any different between "cutoff" date date for ASB vs ASB2 or they are the same? if i'm not mistaken, dividend will be based on the lowest amount for that month |
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my44
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Aug 27 2015, 08:22 AM
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QUOTE(alexanderclz @ Aug 27 2015, 08:16 AM) if i'm not mistaken, dividend will be based on the lowest amount for that month Interesting point if this applies. I've heard of the same rule before re: lowest balance of the month. That means if my ASB2 is 0 on 31/8 and in the morning of 1/9 before I put 40k in it, probably that means my lowest balance in September is 0. Hmm ... Let's see if other experts can vouch for this. |
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hyelbaine
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Aug 27 2015, 09:28 AM
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QUOTE(my44 @ Aug 27 2015, 08:22 AM) Interesting point if this applies. I've heard of the same rule before re: lowest balance of the month. That means if my ASB2 is 0 on 31/8 and in the morning of 1/9 before I put 40k in it, probably that means my lowest balance in September is 0. Hmm ... Let's see if other experts can vouch for this. Confirmed as per MP. 
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smartinvestor01
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Aug 27 2015, 09:43 AM
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QUOTE(Hansel @ Aug 26 2015, 01:41 PM) The prb then becomes : for non-Bumis, they have to be extra careful. Looking at all the 6 FP funds, ASM is the most highly exposed. If there is no ann't, thn the default wil be an extension, but I suggest tht we need to read the incoming prospectus too to see what the extended date will be. Yes, I believe we as non-bumi have to exercise precaution and monitor the policies.. Although SC has the authority to approve any request from FP to VP, taking into consideration, the gomen priority on enhancing Bumi equity ownership, ASB is definitely standing strong compared to the other FP funds.. As such, the other FP funds are then subjected to the aim of gomen as well.. as SC also gomen de.. ^^ This post has been edited by smartinvestor01: Aug 27 2015, 09:44 AM |
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wil-i-am
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Aug 27 2015, 09:49 AM
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Final countdown begins for ASW.....
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wil-i-am
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Aug 27 2015, 09:54 AM
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QUOTE(smartinvestor01 @ Aug 27 2015, 09:43 AM) Yes, I believe we as non-bumi have to exercise precaution and monitor the policies.. Although SC has the authority to approve any request from FP to VP, taking into consideration, the gomen priority on enhancing Bumi equity ownership, ASB is definitely standing strong compared to the other FP funds.. As such, the other FP funds are then subjected to the aim of gomen as well.. as SC also gomen de.. ^^ I wud rank the risk for FP fund starting with Highest:- 1. ASM 2. AS1M 3. ASW Having said tat, I wud opined bau on 1/1/2016 |
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smartinvestor01
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Aug 27 2015, 10:01 AM
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QUOTE(wil-i-am @ Aug 27 2015, 09:54 AM) I wud rank the risk for FP fund starting with Highest:- 1. ASM 2. AS1M 3. ASW Having said tat, I wud opined bau on 1/1/2016 Yes.. I agree with you.. ASM stands for higher risks of being conversion should the application for renewal of FP status is required.. |
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Vincent9696
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Aug 27 2015, 10:08 AM
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QUOTE(hyelbaine @ Aug 27 2015, 09:28 AM) Confirmed as per MP.
As per your attached , what's the meaning of distribution date? If I invest in as1m now , should I entitle any dividend in this coming end of September? |
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Vincent9696
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Aug 27 2015, 10:10 AM
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QUOTE(nexona88 @ Aug 26 2015, 10:31 PM) which bank?  maybank , but seem this few days , pts keep increasing ... |
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MGM
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Aug 27 2015, 10:13 AM
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QUOTE(my44 @ Aug 27 2015, 08:22 AM) Interesting point if this applies. I've heard of the same rule before re: lowest balance of the month. That means if my ASB2 is 0 on 31/8 and in the morning of 1/9 before I put 40k in it, probably that means my lowest balance in September is 0. Hmm ... Let's see if other experts can vouch for this. I think should be lowest end-of-day balance as in bank's account. |
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wil-i-am
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Aug 27 2015, 10:14 AM
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QUOTE(my44 @ Aug 27 2015, 08:22 AM) Interesting point if this applies. I've heard of the same rule before re: lowest balance of the month. That means if my ASB2 is 0 on 31/8 and in the morning of 1/9 before I put 40k in it, probably that means my lowest balance in September is 0. Hmm ... Let's see if other experts can vouch for this. Incorrect as yo min bal in Sep is RM40k which starts from 1/9 |
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!@#$%^
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Aug 27 2015, 10:20 AM
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QUOTE(wil-i-am @ Aug 27 2015, 10:14 AM) Incorrect as yo min bal in Sep is RM40k which starts from 1/9 well, at 8am for example, before you put in 40k, it's 0 |
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smartinvestor01
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Aug 27 2015, 10:23 AM
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QUOTE(alexanderclz @ Aug 26 2015, 05:03 PM) well, i can say the majority of the asx holders don't know about the fine prints. only a few of us in lowyat who follow closely. don't think we are enough to cause any probs. lol Yes.. i think we are still the minority here to talk about those fine prints.. |
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Hansel
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Aug 27 2015, 10:58 AM
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QUOTE(smartinvestor01 @ Aug 27 2015, 10:23 AM) Yes.. i think we are still the minority here to talk about those fine prints.. The other thing we need to be aware of in today's days of social media advent and penetration is : words and news travel faster from source downwards to the multiple layers and 'food-chains'. A person does not need to know of this stuff we have discussed by reading directly on this thread. News will reach him as time goes by. And we have ample time here before Dec 31. |
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Hansel
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Aug 27 2015, 11:00 AM
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Anybody has been lucky enough to be able to catch more FP units since yesterday ?
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Ramjade
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Aug 27 2015, 11:16 AM
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QUOTE(wil-i-am @ Aug 27 2015, 09:54 AM) I wud rank the risk for FP fund starting with Highest:- 1. ASM 2. AS1M 3. ASW Having said tat, I wud opined bau on 1/1/2016 Care to share why you rank in that order? |
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dawsonyap
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Aug 27 2015, 11:56 AM
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New Member
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just wondering - how many of you would still recommend to continue trying to top up the FP funds for non - bumis (ASW/ASM/AS1M) or most of you would just hold on till december...
my POV - just put as much now (at least you can still enjoy dividend till Nov/Dec)...if they announce change to VP - then only withdraw in Dec....coz the dividends are pro - rated anyway...
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wil-i-am
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Aug 27 2015, 12:00 PM
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QUOTE(alexanderclz @ Aug 27 2015, 10:20 AM) well, at 8am for example, before you put in 40k, it's 0 Daily bal means outstanding units @ 11.59pm (just b4 midnite) |
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!@#$%^
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Aug 27 2015, 12:03 PM
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QUOTE(wil-i-am @ Aug 27 2015, 12:00 PM) Daily bal means outstanding units @ 11.59pm (just b4 midnite) i see. so if u sell off 40k on 31 august, your minimum balance for august becomes 0? back to square 1? |
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wil-i-am
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Aug 27 2015, 12:16 PM
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QUOTE(Ramjade @ Aug 27 2015, 11:16 AM) Care to share why you rank in that order? ASM - open to everyone AS1M - bumi hold 50% ASW - bumi hold 51% |
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