QUOTE(tchtax @ Aug 5 2016, 11:19 AM)
- Income drop by about half compared with the same period last yr
- I think impairment losses also accelerated as per page 22
- Amounts owing by PNB and stock brokers...about 9 million compared with zero
- redemption of units RM34 mil compared with just 230 k , ppl taking up the units also less
- less cash at bank looking at the cash flow statement..
Am I missing anything...(haven't analysed what new investments they've gone in for this period )
well I don't actually monitor ASN3 deeply, so I don't know what they sold & what investment the fund added.
but just went thru the report like that. seems the fund is suffering.. income reduce, but expenses went up..
also I see a lot of investment are at paper loss. current market price is lower than cost price
I guess this upcoming ex-dividend, a lot more people will withdraw the fund...