My bet is, it will be the same as ASW, i.e., 6.4%

It is only 1 month apart for ASW & AS1M. They started a trend where ASX give about the same rate (unless there is something seriously wrong where they cannot adhere to the same rate).

They already know (or rather decided) on the rate 1-2 months before the due date.

Cheerio.

Fully agree.

got top-up ASW2020 today

AS1M c/f retained earnings of RM215 mil to tis year
Assume AS1M generates EPU of 6 cents, it wud have generated profits of RM652 mil
With a total sum of RM868 mil available for distribution, AS1M can maintain Dividend @ 6.6% for 2015 on optimistic basis

ASD annual report 30/6/2015 is out.
3.4% of the total subscribers owning 85% of the funds. and
85% of the subscribers owning 5% of the funds

Not sure how much profit carried forward from the annual report.

Keen to know the availability status of opening new account, mind to share?

In fact now is the opportunity to open new a/c as many Ppl is worry

Thanks for the infor.

This is a concern to me with 3% owning 85% of the fund.

I thought the intention is to spread the rewards across the population. Yes, it is up to the rakyat to join.

Do you know the makeup of this 3%, bumi and non bumi?

Thanks.

asd for bumi only

I see. Thanks.

85% of RM5.7 billion = RM4.8 billion owned by 3% of ASD subscribers

Assuming 100,000 subscribers, then 3,000 own RM4.8 billion.

Equals to about RM 1 million each.

So .....

This roughly prove a point that THE POLICY only benefits the well-connected and the rest are still left far far behind and yet these people are their FD.

what do u mean by FD? i am sure it is not a fixed deposit

In most developed nations, the rule of 20/80 applies, meaning 20% of the population own 80% of the national wealth.
For developing countries, it could be 5/95 where 5% population owns 95% of the nation's wealth. So all the fixed price ASNB funds are proven that, not only ASD.

For mixed-race funds like AS1M, ASW, we can't differentiate who are the bigger fund depositors. But the ASD can explains it.
The implication for ASD is, even for a fund that solely for Bumi, the 5/95 still applies. the pro-bumi policy enlarges the income gap within the Bumi Group.

From the report, the high net worth investors (0.5% of total subsribers) who own > RM50,000, own 55% of the total funds.
Each investor in this category holds approximately RM1.5mil fund

Similar to the claim that Sabah & Sarawak are their FD.

Correction
Shld read as > RM500,001 owned 54.7% of the units

ASNB can control the ownership via cap
For ASB, there is a cap of RM200k (adult) whereas there is no Limit for ASD

Different topik a bit. I just got back from Maybank for regular banking. When taking number giliran, that person oredi ask if I want ASB loan. Then at teller counter, different staff asking the same.

More aggressive lately? Maybe they got loan targets?

yeah, correct

In addition to loan targets, they earn lucrative margin plus 'secured' loans