No balance sheet how to show provision for impairment of asset ler 

So the only thing you would see if charge to income statement for this year and last year. Actually technically if and when FGV share price goes up significantly, they can recognise an income from reversal of impairment

Quoted investments also so hard to push for impairment, unquoted lagi no need la, first have to establish the fair value of unquoted investments, then need to determine that the reduction in value is prolonged and significant. Just focus on the quoted investments enough la. Besides, the fund mandate is to invest in quoted shares, so unquoted investments really should be immaterial

Means they do not make any impairment on unquoted investments, for reasons I stated earlier

Is it.

I see most of the counter in asx have o and g relation.

Many o...

🙌

My personal record

Correct.

I highly suggest them or hope them

- try to stop the carry forward %.
- at most carry 2% not as mention of around 4%
- if the reserved balance is enough to cushion some impact like this few years, carry forward shall stop completely.
- let say if the reserved is used up. Can stop give the dividend for a year. But this will highly test the confidence of buyers...

The reason of it... Mainly they always carry foward. So I assume them they are in the control lol... And will never failed to give > 7 % pa like that they mentioned in every year. What pinkspider say some sort of correct also.. We really don't know where does the carry foward go..

This year forward 3% ( claim to give 8-9% ).same as previous year also. Where does the reserves 7 8 years ago?
If added now they should have claimed can give more than 10%...

You missed out the key ingredient - unrealised capital gain/loss

what you are talking about is only realised profits carried forward
But what we cannot see is the unrealised profits/losses that is likely to be in huge quantum because when market is down, it impacts all of the quoted shares held by the fund
For example YTD return on KLCI to-date is -3.9%, means the shares the fund held may also be down by 3.9% this year. So the reserves from last time (realised + unrealised) would be used to cover the shortfall, and hopefully it's enough

A good comparison would be to read Tabung Haji and EPF accounts. These 2 institutions mark to market their investments, but through available-for-sale reserves. So you can see that the reserves is depleting, and in Tabung Haji's case, it's now RM3.2b negative reserve, as of 31/12/2015. Most likely even worse in 2016 given the market conditions

I know...

The paper shown never write and what they write is just superficial...

Sigh.

What follow the klci can eat tahi. Be it th kwap asx.

Arghhhh

True...Malaysia in sxxxhole now...

Any idea about PM? Laughing so many new new funds this year...it's like every alternate month 😅

Ambil cuti

Was worried for the past few months on how to buy...mana tau within same day habis beli 😅

Still, this is not the only FD, though this is the biggest...ada lagi o

Apart from guy3288, which I find that his purchase is extreme 😅...

Anyone else bought in large amount? Any risk of getting love letter from LHDN?

Yes....

But just wondering whether anyone ever get letter from LHDN. Afterall, some people fund size equivalent to buy properties cash

Last time I buy property only pay downpayment sikit sikit sudah letter come 🤕

Need to submit written letter explain source of money...leceh but after that no issue

So overjoyed from today's haul until sekarang still wide awake 😬

Guys, do we need to change the ASW2020 and AS1M book? 

Some banks said no need, still can use, but some banks say better change.

The push-back is still coming from the regulator ie: SC. They're probably more likely be granted an increase of fund size of an existing fund as compared to being allowed to launch an entirely new fund as the former would be smaller in terms of size as compared to the launch of a new fund which can be in billions.

If I must speculate, I understand SC's reluctance. After all they also regulate the other capital market products like VP unit trusts. So the more FP funds, the less vibrant or growth they can expect on the VP side. And it doesn't help with investors sophistication as well

I guess today not many topping up?

Got 10k today.

After following this forum for months and learning from the masters here, I'm happy to 'contribute back to society' by reporting in today's success of 4 digit top up for both ASM & ASW.

As in BAnk yesterday, tried to brainwash me to buy ASX VP saying 7% p.a....