Wah, another potential 6 digits taker

To be fair to PNB, they can only do so much. The nature of "on-the-spot" transactions makes them unique but at the same time also open to abuse by irresponsible parties. They're a unit trust product, supposedly for long term and not short term. Such transaction behavior would definitely put them closer to banks than UTMC's.

Having said that, they're doing their best to close the loop. Have you realized that the new management is a lot more transparent as compared to the previous ones? More transparency and adherence to laws always put confidence in people as compared to their "neighbor" (the organization next to the HQ in KL) who reports to no one, have no laws that binds them other then their own made-up acts and rather secretive of their dealings which ends them up lurching from one scandal to another.

well for what it's worth, the PNB unit trust finance managers do have impressive CVs.

Mostly foreign graduates

They used to show the qualifications of the managers but can't find the info on the website anymore.

I remember most of them are  Cambridge and Oxford graduates .

In PNB we trust
In PNB we grow
In PNB we rich
huat ah!!!

Why 1M become harder to get now? Investor confidence in 1M name now?

Zero unit available

1st round

5digit ASM
4digit ASW&AS1M

Hardest to get become easiest to get now. 1M hardest to get now. How strange..

Yes, all 3 books

Went to MBB but was told country-wide MBB's system down, so can't contra account to buy ASx.  

Second round

5digit AS1M&asw
4digit ASM

Unbelievable...finished my FD

high 6 digits fd?

OPEC agree to reduce production.
Any thoughts in this issues

Last year impaired FGV already ma. I think only when it's prolonged and significant reduction from book value they would make impairment.

Yes, the investments are carried at cost, they do not apply MFRS 139

But when the market value of the investment is significantly below its cost for a prolonged period, the right thing to do is to impair it. And that is what they did in the previous financial year for FGV, and some other counters. Of course, what is considered prolonged and significant is judgmental

The financial statement clearly states that it is not in accordance with MFRS and as long as ASNB can show SC's approval on the exemption I don't think it's a problem for the auditor to sign. In fact it's much easier to sign compared to most PLCs with other problems. Fund accounts are inherently low risk

At the end of the day, everything is clearly stated in the master prospectus and disclosure documents. If investors want to interpret otherwise based on 'national interest' and 'constructive obligations' that's really up to the investors lor