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 Ultimate Discussion of ASNB (47457-V)发 8ight 发, Wholly owned subsidary of PNB (38218-X)

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dasecret
post Oct 3 2017, 09:44 AM

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QUOTE(Jinglexo @ Oct 2 2017, 10:55 PM)
How it rock bursa? Bursa is made up by big companies like public bank , petronas, genting .....etc .
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Do you know that the total market cap of Bursa is RM1.6trillion or so. And Just ASB alone holds investors money of RM144billion. So easily the various FP funds will account for 10-15% of the Bursa market cap.

QUOTE(savvyaunty @ Oct 2 2017, 11:43 PM)
Doubt PNB will go bust without affecting the whole KLSE. Their shareholding in KLSE is so big that it might bring down tonnes of companies with it
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Actually as an GLIC, the effect should be coming from investee affecting their returns and asset value instead of PNB goes bust affecting its investees. The only "going bust" coming from PNB would probably be a bank run where all depositors demand for their money and they couldn't liquidate their investments in bursa without causing an immediate crash due to the large holdings in the large cap counters.


QUOTE(Ramjade @ Oct 3 2017, 12:27 AM)
Eg. If PNB can say take up 25% of maybank with just one buy. Now, they are not the best people to know how to run a bank. So their decision basically will control the comoany. Not good man. Not to mention that, when a fund gets too big, is harder for them to generate the same return. This is because they cannot deploy the money they received into investment and they will be sitting on cash. And cash don't earn anything basically.
Later will go ask ASNB and see.
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If a unit trust with AUM of RM4-5billion in the local equity markets could not make much returns, Eg: CIMB dali funds, public ittikal, public regular savings etc. What do you think RM144billion returns would be?

This post has been edited by dasecret: Oct 3 2017, 10:08 AM
dasecret
post Oct 3 2017, 10:10 AM

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QUOTE(Ramjade @ Oct 3 2017, 10:05 AM)
Sis/auntie, I think you should edit ASB hold rm144b instead of rm144m.

Good example is KGF. Too big for it's own good.
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Thanks, edited.
KGF baru 1.2b wei. Another good example is the prulink equity fund... also titanic style.
Go study the fund returns of those funds I named... then you would agree that KGF is hero
dasecret
post Oct 8 2017, 01:03 PM

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QUOTE(plumberly @ Oct 8 2017, 10:56 AM)
My apology to those who find me stupidly persistent in pursuing this issue. Please then stop reading this and related threads. Thanks. Ha.

Went to a car service center yesterday to replace a relay. Brought the ASM 2016 annual report to read to pass the time. Saw this and like to know why the different values for 3a and 3b for the SAME parameter. If they are different things, then please use different terms.

[attachmentid=9212554]

Went through a few past annual reports, similar observation, same parameter but different values during the respective years.

Appreciate some clarification if you have the answer.

Thanks.
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Simple, 3a is total income. 3b is income distributed to investors. Means the remaining 200+million is used to either cover the unrealized capital losses, or carryforward for future period dividend payout

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