This is correct. PNB's investment in Sapura and Velesto has long been questioned by the more informed observers in the market many years back.

https://www.theedgemarkets.com/article/cove...rgy-and-velesto

Google "PNB Sapura" and you can find strings of news, comments, criticism, articles etc. on PNB's choice to hold a stake in the 2 O&G companies.

2.4b is a huge loss, can recover or not???

Equities are always "residual ownership" of companies, so they come behind reference shares (RCPS-i) (PNB owns 98% of that), bonds (no sign of PNB holding that, based on ASM2 most recent 2021 AR) and bank loans.

The market price of bonds/RCPS can give you an indicator of how much is left to salvage if the worst comes true.

The funny thing is PNB still sees hope in this cash-burning machine.

https://www.theedgemarkets.com/article/cove...g-sapura-energy

This post has been edited by TOS: Dec 12 2021, 12:33 PM

ASM dividend will be impacted by this SAPURA

It certainly isn't good news but the investment by PNB in Sapura is still less than 1% of its total portfolio 'at current market prices.' I would, however, be very interested to learn what % of the PNB portfolio was invested at purchase price.

I still have a feeling that returns this coming year will signal a recovery and that we may get a pleasant surprise - even if it does take a little 'government support' to achieve it.

Definitely will be impacted.
Not good at all.

When you say 'ASM' are you referring to ASM 1, ASM 2 and ASM 3 or just one ASM fund? I am not sure how many ASM funds are invested in Sapura.

Thanks for the info. Do keep us updated on the ASM3.

All 3 have stakes in Sapura, but they are not directly comparable since the ARs don't show the fund holdings at the same time.

Sure, still waiting for ASNB's reply. They are later than usual compared to last year. Only replied my for ASM2 nearly a month later.

By the way, ASM2's foreign equity portion has risen to 22-23% of overall NAV, based on their 2021 AR.

Sapura lost 669 million in 3Q.

https://www.sinchew.com.my/20211213/%e6%b2%...%bd%e6%ba%90-3/

https://www.theedgemarkets.com/article/sapu...tinue-weigh-its

This post has been edited by TOS: Dec 13 2021, 09:17 PM

Cannot brain why pnb continues to invest in this company. Seems fishy

Well...
See who behind the company...

If not mistake..
Serba Dinamix also got invest 😞

All with issues..

guys... need your advise, as I cant recall..

Which date of the month is the best time to withdraw from ASNB? without incurring too much lost in dividend for that month

I plan to move some of the $ from account bijak back to my account

PNB in Serba Dinamik too? How much?

First day of the month

Thanks

So if next month best will be 3rd Jan right?

Yes

I think saw somewhere...
Can't really remember the details...

Actually...
Those "elite" bumi company they got invest one....
Especially strategic industry... Like O&G, banking, F&B, Services etc.

Most knowledgeable people that I am talking to are still predicting between 5% and 5.5% for ASB. I hope they are correct.

Well, as long there is no major hiatus on ASM ... what so ever i will keep on invest.

We all knew ASM and SSPN is like a "legal" scheme, if something happened (hell reminds me of tabung haji) , gomen will bail out eventually