QUOTE(szaku89 @ Aug 28 2015, 07:38 PM)
can be applicable to share markets also?
Iwould think that this saying originated from the stock mkt.Ultimate Discussion of ASNB (47457-V), Wholly owned subsidary of PNB (38218-X)
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 Aug 28 2015, 08:10 PM
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#61
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Aug 29 2015, 03:42 PM
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#62
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QUOTE(Ancient-XinG- @ Aug 28 2015, 10:16 PM) Luckily I am not one of the dummies. Hahahahaahha. Don't try to clash me with Dreamer,... I'm busy now,.. I won't post too much about you too. I am at this moment doing what I can to ensure Msia has a future and our voices are heard, in a PEACEFUL way....Hansel this uncle say you la. You better fast fast go explain your concern. Tell him your point. Dreamer can say what he wants - this is a democratic country, with a democratic legal system. Sorry,.. no time to debate with you, and if |
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Sep 2 2015, 04:45 PM
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#63
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QUOTE(nexona88 @ Sep 2 2015, 03:57 PM) went to update passbook.. seems not many people top-up asw2020 like the good old days.. The pattern : supply > demandand yeah, there's a lot of unit available today  if only u dare to take chance or have the $$ to top-up  |
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Sep 3 2015, 10:55 AM
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#64
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Time to consider the following, when the time comes for us to take a view that the Securities Comm decides to switchover :-
Will the issuer risk a 'bank run' by making an ann't prior to switching over and allowing everybody time to withdraw, especially the big unit-holders ? Is the issuer able to, or rather,.. willing to absorb the withdrawn amount by the unit-holders who prefer to pull-out ? It is not stated in any of the issuer's official docs on what sort of timeframe will be given for withdrawal period. On the other hand, if our view is that the SC decides NOT to switchover, then eveyrhitng remains as before. Edit : amending first statement and including final statement to provide more impact to a point being transmitted. This post has been edited by Hansel: Sep 3 2015, 11:16 AM |
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Sep 3 2015, 11:24 AM
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#65
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QUOTE(Ramjade @ Sep 3 2015, 11:12 AM) But if they really change to VP fund, they better expect a bank run. If people do a bank run, Bursa will be affected. RM will drop also. A bank run will not take place if there is insufficient time to withdraw,...THEORETICALLY. But how to 'execute this trap' in a 'legal and ethical' manner ? Is it illegal then to 'trap the unitholders' without providing sufficient time to withdraw or to reallocate to other FP funds when the ann't comes ? The above do not need to be considered if one has the view that :- 1) ALL the 6 FP funds will remain status quo and an extension date will be announced. 2) Sufficient time will be provided for us to withdraw or to reallocate to another fund, hence,... making the issuer able to and willing to absorb the 'bank run' model, in terms of execution and capability of financial strength. |
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Sep 3 2015, 11:56 AM
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#66
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QUOTE(wil-i-am @ Sep 3 2015, 11:28 AM) Hansel, will,..I suppose u r over Worry as u keep highlighting tis issue everyday ASNB will definitely make announcement when they decide to change from FP to VP Food for thought:- 1. Almost all FP funds allocate their investment into equities n others on 80:20 ratio subject to +/- 10% range 2. When unit holders perform withdrawal, ASNB will use existing Cash to meet redemption notice 3. If existing Cash is insufficient, ASNB will need to sell some equities or others to meet redemption notice 4. If ALL unit holders withdraw concurrently, ASNB need to sell all investments in Bursa at whatever cost 5. If ASNB keep pressing Sell button at Bursa, the index will tumble or hit 'Limit Down' which will affect the entire Bursa sentiment 6. Proceeds from Bursa will credit to ASNB account on T+3 but ASNB need to meet redemption notice 'on the spot' Last but not least, I wud advise u Sell all FP funds immediately if tis issue keep bothering u which will affect yo health status as the journey just started b4 it reach 31/12/2015  Then you are saying that PNB is able to,... and willing to let go all of their funds in spite of the state of the Gov't now, which we all know what it is. And yes - you are right,... if I have an opposite view to the above sentence, then I should divest all of my units. And yes, I have sufficient knowledge, sufficient instruments and sufficient accounts opened in many places around the world to re-invest the amount withdrawn. And today, fortunately, many instruments in the world are cheap enough for me to go into. I should start to do so before they imposed stronger TT controls. And so should others who have the same view as I do. It won't affect my health status,... I am diversified enough to withstand all these shocks. I am under defensive mode to protect my wealth,.. that's all. I was hoping earlier we do not have to talk about and walk down this path of divestment. |
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Sep 3 2015, 12:35 PM
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QUOTE(wil-i-am @ Sep 3 2015, 12:14 PM) If u r aware of those risk n know wat to do, then Y keep highlighting tis issue? To discuss further and to extract what you have explained to me. What you have explained to me THEN CONFIRMS that I am right,... until another opinion comes along, on what else can happen, or how else would the issuer be able and be willing to give unitholders a chance to redeem at RM1 per unit...One additional reason : for the benefit of other unitholders who are in this discussion too. I'm sure other unitholders are also keen to know of other thinking patterns and reasonings too. This post has been edited by Hansel: Sep 3 2015, 12:46 PM |
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Sep 8 2015, 11:18 AM
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#68
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QUOTE(smartinvestor01 @ Sep 8 2015, 09:07 AM) When my friend came across The Star article on the following article:- Just my opinions : I think his concern is if the reserves drop too low, the country may not have sufficient to fund the rtained imports. Since the transparencies of the country is not that good, the gov't might find ways to 'extract' funds out from whatever GLCs, incl PNB in order to stay afloat without depending on external help or issuing bonds for which there are coupons to be serviced. This can be done without us knowing or with minimal ann'ts.The Star 1 USD = RM4.33 He told me that he will liquidate all his positions in ASNB fixed price fund if the reserves falls below 3 months because based on the article, Bank Negara mentioned that the country's reserve position was sufficient to finance 7.4 months of retained imports.. What do you guys think about his action and opinion? With the dropping equities index, it is right and legal for the SC and PNB to 'convert' whichever FP fund to VP fund and realize the value of each FP unit, because this has already been declared in the MP. Upon realizing the value, whatever retained profit that has been accumulated in the past can be channelled to 'other uses', and need not be held-up in the PNB coffers to maintain good dividend payouts in future. Having said the above, of course PNB must give out notice before they do the coversion. |
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Sep 8 2015, 05:22 PM
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#69
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Sep 9 2015, 01:20 PM
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#70
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I don't think whyee is scare-mongering too. He is merely posting what he experienced. Tq to whyee.
NO problem at all in my activity. For the helpful forummers here who carry a view that the ASM is still viable, please visit your branches asap if you wished to top-up or open booklet. I have made some divestments ! Good luck. This post has been edited by Hansel: Sep 9 2015, 01:21 PM |
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Sep 9 2015, 01:38 PM
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#71
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I play a neutral and clean game, in order that everybody, on both sides of the fence, and as many as possible, can survive and win together.
Leave no one behind. |
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Sep 9 2015, 02:15 PM
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#72
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QUOTE(Ramjade @ Sep 9 2015, 02:03 PM) Any withdrawal limit imposed on you? I assumed you release a substantial amount. No,... nobody said anything abt withdrawal limits at all - the officer and the ABM kept chatting with me, talking about the news and what the country events might turn into, how we are going to try to change things, bla,bla, bla,... and I just asked them to change my book and withdraw the few hundred units. NObody commented anything, but upon me asking, they did say that there are quite some units for sale !Very friendly ! |
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Sep 9 2015, 04:03 PM
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#73
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QUOTE(wil-i-am @ Sep 9 2015, 03:06 PM) I tot u will send a PM to me Sorry man,... thought It's better to give everybody a chance. |
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Sep 9 2015, 04:16 PM
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#74
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QUOTE(smartinvestor01 @ Sep 9 2015, 03:51 PM) Hi.. any special reason for withdrawing the funds from ASM? Hi smartinvestor01, appreciated your replies every now and then.Hehe.. I am actually just curious.. Following are my reasons. Counter-comment if you like, others too :- So many risks to undertake in the coming months ahead :- 1) risk of changing from Fixed Price into Variable Price from 01/01/2016. 2) risk of not having sufficient time to redeem before and after the date above. 3) risk of being taxable from 01/01/2017 onwards. 4) risk of the dividend being lowered, which makes the investment not worth the risks anymore. 5) risk of the RM weakening further which makes the dividend that we earn losing its purchasing power. 5) risk of other things happening due to the Gov't not having enough funds for use - one must remember that at the end of the day, this is NOT an FD. May not be happy to take ALL the above risks anymore for a reducing dividend from 6.40%, if we are to take the latest rate given for the ASW2020 as reference. |
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Sep 9 2015, 04:20 PM
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#75
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Yeah,... I do think the ones who are still confident can go buy now. I believe you can even call out your desired amount in tens of thousands, eg 80K or 90K units. Surely can get.
But how long will this last, I'm not sure. Another reason for divesting is I've spotted some coming opportunities across the causeway. Hence.. preparing my bullets now to go for instruments with a higher yield and with lower systemic risks. |
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Sep 9 2015, 04:23 PM
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#76
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QUOTE(smartinvestor01 @ Sep 9 2015, 04:10 PM) Oh i see.. Noted and thanks for the information.. Yes, that's right,.. tq. I'll keep a minimum of RM100 inside there even if I should decide to pull-out all, in order to reap the dividends that I have earned for the months of April till August 2015. |
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Sep 9 2015, 07:02 PM
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#77
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QUOTE(nexona88 @ Sep 9 2015, 06:57 PM) mind to share it Wait for updates at the SG REITs thread. Will update when things are more clear,... still at final stage of due diligence. It's harder nowadays to uncover good gems.  This post has been edited by Hansel: Sep 9 2015, 07:03 PM |
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Sep 10 2015, 12:21 PM
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#78
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QUOTE(alexanderclz @ Sep 10 2015, 11:39 AM) Another interesting observation. Meaning 5 billion units have been 'put back into the mkt' by sellers/redemptioners. Lots to go around then. Tq.According to The Star, the 2015 ASW dividend is paid out to the 883,422 unitholders who subscribed to 17 billion ASW units. On the other hand, on the ASNB site, ASW has a fund size of 22 billion ASW units. meaning 5 billion units available on the market which explains why it is so easy to get them nowadays. |
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Sep 10 2015, 02:17 PM
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#79
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QUOTE(smartinvestor01 @ Sep 10 2015, 01:21 PM) I have ASW2020 passbook with me now.. Hi,... no such clause in my passbook. Good to highlight if you see something untoward anywhere. Tq.But in the rules stated in the passbook, there is one clause that i am not so sure:- ''Jualan balik tertakluk kepada empat kali setahun'' means I can only withdraw the funds 4 times per annum, this is confirm, is it? On the other hand, I saw the following Clause 8 in the red-colored ASW2020 Passbook, on the page titled : MAKLUMAN. 8. ASNB mempunyai hak untuk menambah, memansuh atau meminda sebarang syarat-syarat dan peraturan-peraturan urus niaga pada bila-bila masa tertakluk kepada peraturan yang ditetapkan oleh Suruhanjaya Sekuriti dan/atau di dalam surat ikatan. And I saw the following Clause 6 in the new golden-colored ASM Passbook, on the page titled : MAKLUMAN. 6, Pihak ASNB berhak menambah, memansuh atau meminda sebarang syarat-syarat dari semasa ke semasa. Conclusion : they have the right to enforce changes, based on or not on the Securities Commission directives. What does the MP say ? |
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Sep 10 2015, 02:31 PM
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#80
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QUOTE(nexona88 @ Sep 10 2015, 02:23 PM) should be the same thing.. Not exactly, for the new golden-colored ASM Passbook, there is no mention of waiting for directives from the SC. But I believed it does not make any difference if ASNB intends to initiate any change. SC will just follow,... perhaps some check-and-balance a bit on the inside, that's about it.ASNB have the right to change or modified anything deem fit for the fund pending approval from SC & trustee  |
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