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 Ultimate Discussion of ASNB (47457-V), Wholly owned subsidary of PNB (38218-X)

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wil-i-am
post Sep 14 2015, 09:01 PM

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QUOTE(alexanderclz @ Sep 14 2015, 08:38 PM)
time to pull out ?  hmm.gif
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Y
wil-i-am
post Sep 14 2015, 10:22 PM

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QUOTE(Hansel @ Sep 14 2015, 09:27 PM)
Don't pull out all YET. Perhaps just half, halve your risk first. Observe the 20B's performance....
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Finally u confessed yo strategy tongue.gif
wil-i-am
post Sep 15 2015, 08:01 AM

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QUOTE(Hansel @ Sep 15 2015, 07:54 AM)
Can never be sure, but there is still time to withdraw ALL if we wished to. I'll wait for the budget ann't first, and if the Gov't does not have concreteplans from the budget without using more of PNB money, by then we can always decide to pullout all. Prior to the above, we can wait to see if the 20B pumped into the KLCI will really yield results.

Earn more dividend while you can, pull out all when all hopes are deemed lost, and before time's up.
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I suppose RM20 bil won't last long as it didn't address the root cause of the problems
wil-i-am
post Sep 15 2015, 09:16 AM

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QUOTE(Ancient-XinG- @ Sep 15 2015, 08:49 AM)
When is the budget announcement?
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23/10 (tbc)
wil-i-am
post Sep 15 2015, 11:04 AM

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QUOTE(smartinvestor01 @ Sep 15 2015, 10:32 AM)
I just to update here on my inquiries on the income tax exemption to ASNB.. Here is their reply..

This means that the income tax exemption for ASM and ASW2020 would be reapplied next year and to be subjected to the approval of LHDN..

As such, I believe that we could only identified the approval of the income tax exemption in maybe the next publication of Master Prospectus 2016/2017..
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As per procedure, ASNB need to submit application to LHDN
Bts, LHDN will grant approval on tax exemption as this have been on-going since inception

This post has been edited by wil-i-am: Sep 15 2015, 11:15 AM
wil-i-am
post Sep 15 2015, 12:59 PM

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QUOTE(smartinvestor01 @ Sep 15 2015, 11:14 AM)
Oh.. what i mentioned here is on the income tax exemption for ASM and ASW2020 as both of these are exempted till 2016..

Not related to the conversion of fixed price funds to variable price funds..
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It shld b until YA 2016
Tis means ending 31 Dec 2016 which is still a long way to go
wil-i-am
post Sep 15 2015, 01:09 PM

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QUOTE(alexanderclz @ Sep 15 2015, 11:26 AM)
i guess it has been renewed many times before this. just that nobody highlighted it before
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Based on MP, the tax exemption was from YA 2007 to YA 2016 for ASM n ASW
Based on history, the extension of tax exemption is valid for up to 10 yrs
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