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 Ultimate Discussions of ASNB Fixed Price UT, Magical UT only in Malaysia

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beLIEve
post Dec 19 2019, 04:25 PM

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QUOTE(starry-starry @ Dec 19 2019, 04:21 PM)
Except for Monday I managed to get more than normal days but now balance up as I can't seem to grab any units.
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hehe can share share how much more ah?
beLIEve
post Dec 19 2019, 04:37 PM

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QUOTE(moosset @ Dec 19 2019, 03:56 PM)
so what will happen to ASM and ASM2 and ASM3 next year?
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nothing i suppose? more buyers offset by people who give up

dividend will depend on global economy.
beLIEve
post Dec 19 2019, 04:39 PM

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QUOTE(starry-starry @ Dec 19 2019, 04:38 PM)
Not as much as poor fella certainly! 😂😂😂

I just wonder if I am just unlucky or it's seriously difficult to get any units these few days..
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if less than unker poor fella also cannot get, i would say just unlucky
beLIEve
post Dec 19 2019, 04:43 PM

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QUOTE(moosset @ Dec 19 2019, 04:42 PM)
so it can be better than ASB??
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no, heaven forbid that. unless they want a change of government in 15election
beLIEve
post Dec 20 2019, 01:14 PM

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beLIEve
post Dec 20 2019, 01:31 PM

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QUOTE(wild_card_my @ Dec 20 2019, 01:26 PM)
I havent seen the video, but did they summarize it as I did?

The ACTUAL NAV/unit is not known, because we do not know the number of units outstanding (in circulation). So when they give our distributions, the NAV drops, but price remains RM1/unit; however, the actual NAV/unit may be ABOVE or BELOW the selling price of RM1/unit
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they have exemption from SC not to disclose their balance sheet. to cut the explanation really short, if ASNB wasn't backed by the government, extremely risky to put money in.
beLIEve
post Dec 20 2019, 02:08 PM

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QUOTE(darosha @ Dec 20 2019, 02:00 PM)
that's the problem when you have too many products
kalau dulu cuma ada asb sj kan tinggi dpt. skrg ada didik la asm la wawasan la, tambah pekerja lagi, byk untung pun ini semua mau cover ini semua mcmana
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Dulu ekoonmi pesat kembang. FD pun 7%. Sekarang dah stagnant. Tak banyak company kat new Malaysia yang dia orang boleh labur. That's why they start investing overseas.

Kat US, IPO easily x billion USD. New Malaysia mana ada lagi company camtu.
beLIEve
post Dec 20 2019, 02:10 PM

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QUOTE(MGM @ Dec 20 2019, 02:04 PM)
Does the govt guarantees for KWAP & TH? When in trouble, the govt still comes in to rescue tehm. Hopefully ASx get the same treatment when the need arise.
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depends on the vote bank la. ASB 5.5% already cause some vote loss.

beLIEve
post Dec 20 2019, 02:12 PM

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QUOTE(wild_card_my @ Dec 20 2019, 02:09 PM)
What was the biggest IPO Malaysia had before this?
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not much into KLSE, so I didnt follow. i just guess Petronas Gas (or was that Chemicals) and Maxis relisting.

This post has been edited by beLIEve: Dec 20 2019, 02:19 PM
beLIEve
post Dec 20 2019, 02:20 PM

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QUOTE(darosha @ Dec 20 2019, 02:18 PM)
that's the idea
invest outside especially when malaysia's economy not that good
there's many business patuh syariah outside even in nyse
its not like they care about that when investing in non-patuh syariah banks
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they're doing that already. sabar.....

now you just hope that your uncle donald pull back his troops from trade war.
beLIEve
post Dec 20 2019, 02:51 PM

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QUOTE(wild_card_my @ Dec 20 2019, 02:47 PM)
Tax payers should be angry about this, RM1.7B for something that need not happen. But most that vote for the "wrong" side unlikely pay income taxes laugh.gif

Or stamp duty on SPA and LA

Feels sad man
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most taxpayers or their parents supported that side back then. I call it Gabriel Knight - Sins of the Fathers. it's payback time now biggrin.gif

This post has been edited by beLIEve: Dec 20 2019, 02:55 PM
beLIEve
post Dec 20 2019, 03:24 PM

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QUOTE(MGM @ Dec 20 2019, 03:20 PM)
Wrong or right sides, the future for all sides is going down the drain if all these continue. How is the country going to sustain with escalating debts?
By 2030, may be 3 trillion?
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not an expert, but we can't. probably do a Greece or sell petronas. then can start milking again
beLIEve
post Dec 20 2019, 03:36 PM

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QUOTE(poor fella @ Dec 20 2019, 03:33 PM)
hmm.gif seriously rethinking if i should even continue buying asm 1,2 & 3.  hmm.gif  hmm.gif  hmm.gif
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you don't want god to bless you no more?

if you're worried about the country, your option is dump your 1money overseas or buy gold/bitcoin. as long as you hold new MYR, you're at risk
beLIEve
post Dec 20 2019, 03:42 PM

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QUOTE(wild_card_my @ Dec 20 2019, 03:39 PM)
You guys addicted to the fixed unit price eh?
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ASM123 look the best after promo FD. Difficult 1 time vs transfer fund to qualify as fresh fund each year. If emergency need money, can redeem without a loss due to comission.
beLIEve
post Dec 20 2019, 03:48 PM

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QUOTE(wild_card_my @ Dec 20 2019, 03:45 PM)
Makes sense. Yet all of my brethrens that havent even filled up their quota on asb1 and 2 (with cash or financing), are complaining about  PH government destroying their race's wealth, just because of the 5.5 sen dividen. laugh.gif

Empty cans are the loudest
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haha i saw.

they haven't experience ASM1/3 yet. Dividend drop, lament a bit, still keep buying. definitely not like them condeming govt/ASN.
beLIEve
post Dec 22 2019, 12:14 AM

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QUOTE(ch_leong @ Dec 20 2019, 08:12 PM)
this is the side effect of stealing money borrowed from somewhere with high interest paid. Many don't understand. Our country is a failure country because mostly waiting windfall from government. they forgotten we need to work hard to get what we wanted.
.....
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Yes. Seems like a lot of companies rely on govt contracts to thrive. the moment new govt freeze some mega projects, cement stocks crashed like hell. Then they buyout them cement companies at low price just before govt resume them mega projects.

In the long run, I believe ringgit can only go down.

QUOTE(MGM @ Dec 20 2019, 08:31 PM)
When the country fails, the one suffering most r the B40. Right now they might be benefitting with all the goodies from govt.
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Actually I feel M40 suffer more. B40 probably don't live the lifestyle of M40.

QUOTE(wild_card_my @ Dec 21 2019, 08:44 AM)
PNB is doing fine, you need to understand that ASNB and PNB are two different entities laugh.gif in fact the 0.5% bonus distribution given to ASB subscribers were paid out of PNB's pocket
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Ahhhh I never know the bonus came from PNB. I thought retained undistributed profits from previous years.

QUOTE(TOS @ Dec 21 2019, 10:28 PM)
A good read: https://www.thestar.com.my/business/busines...ither-the-funds

The last few paragraphs are quite interesting.
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I agree with PNB. Should the market crash when they make big bets, they're gone.

I buy ASM because price is fixed and dividend not lower than promotional FD. If I want high risk high gain, straight I go to KLSE or US market.

This post has been edited by beLIEve: Dec 22 2019, 12:16 AM
beLIEve
post Dec 22 2019, 12:19 AM

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EPF dividend for this FY to be declared next year should also be going down unless there is a miracle in Q4. Q1 and Q3 income reduced a lot vs last year. Q2 slightly less.
beLIEve
post Dec 22 2019, 08:03 AM

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Another reboot : https://www.thestar.com.my/business/busines...t-more-overseas

QUOTE(wild_card_my @ Dec 22 2019, 12:32 AM)
By definition of distribution, thy are not holding or giving away any "profits". Any funds can give away distribution even when the fund is not profitable.

This is why it is important to use the term distribution and not dividend. A company cannot (I am not sure if legally) give away dividend when they are making a loss. SO when you refer the distributions given by ASB/other-UT as dividends, you are implying that the fund size grew over they year. No such thing.
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Ahhh I see. thanks for the clarification.
beLIEve
post Dec 23 2019, 03:04 PM

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QUOTE(thesoothsayer @ Dec 23 2019, 03:01 PM)
Anyone else getting invalid amount when trying to transfer from FPX? Happened twice already today.
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no luck yet today

did you try using a different bank the second time?
beLIEve
post Dec 23 2019, 04:19 PM

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QUOTE(Haloperidol @ Dec 23 2019, 03:06 PM)
Sitting in PNB there.
A chinese lady walk past and decided wanna sell rm 2800 something.

I asked the officer can they directly sell to me , they replied with no.

Ended up i need to snatched the unit via online. Managed to get 2k ASM.

Why the SOP so difficult zzz...

And i wonder now, can they directly transfer to me then i pay them in cash (of course i pay the rm 15 transaction fee)
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you should've asked the walking lady instead of officer. ASN does not offer direct deal. #define 2800something "2888.88" ?



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