PNB Unit Trust

Permodalan Nasional Berhad (PNB), a GLC in leading investment institution with a diversified portfolio of interests that include unit trusts, institution property trust, property management and asset management.
Under it belt carried unit trust Funds like ASN, ASN2, ASN3, ASG-Pendidikan, ASG-Kesihatan, ASG-Persaraan, ASB, ASW2020, ASM and ASD. All of this funds trade with NAV per unit except for ASB, ASW2020, ASM and ASD which trade fixed at RM1.00 a unit. Out of this 4 fixed trade unit trust, ASB and ASD is only eligible to bumiputra. ASW2020 with approved size funds of 51% is eligible to bumiputra and for ASM is eligible to all Malaysian.

Details of ASM as follows,

1) Launched on 20th April 2000 with size fund of RM2bil
2) Current funds size is RM4bil
3) Trustee by Amanah Raya Berhad and the investment manager is PNB
3) Selling fixed at RM1.00/unit and buying fixed at RM1.00/unit with the minimum initial investment of 100 units and minimum additional investment of 1 unit
4) Financial end at 31st March
5) There are NO charges or fees like initial service charges, redemption fee and annual fees to the unitholders. The indirect fees and charges accur like administration, the management's fees, the trustee's fee, the auditor remuneration etc will be paid by the Fund.
6) Maximum investment is unlimited and subject to availability of units of the Fund.
7) Unlimited frequency of redemption and no cooling-off period.
8) Fees and expenses accured to the Fund as follows
8.1) Annual management fee - up to a maximum of 1% per annum of the value of the Fund calculated and accured monthly, as may be agreed between the trustee and manager.
8.2) Annual trustee's fee - RM300,000 or 0.08% per annum of the value of the Fund whichever is lower, calculated and accured monthly.

History and facts of ASM,

1) Launch at year 2000 with the size Fund of RM2bil sold out within 3 months. Additional RM1bil open to public last year and fully subscribe within 3 hours. Currently, on 22nd April 2006 additional of RM1bil avail and fully subscribe within 1hour 45 minutes (which agents and PNB branches experience 20min of system breakdown)
2) Dividend pay out by the Fund on year 2000/01 (7.8%), 2001/02 (7.0%), 2002/03 (6.6%), 2003/04 (7.0%), 2004/05 (7.2%) and 2005/06 (6.75%). The average dividend pay out is 7.06% annually.
3) Currently (22nd April 2006) additional of RM1bil Fund, a total of 32,687 investors successfully subscribed. More than 82% made an investment of less than RM50,000.00 each while another 11% invested less than RM1,000.00 each.

It is time for Agriculture! ~ TH Plantations

"TH Plantations Bhd made an impressive debut on the Main Board of Bursa Malaysia by opening at RM1.68 or 43 sen above its offer price of RM1.25 with 1.86 million shares done on April 27. The price even gone up to RM2.06 in the evening."

I was so upset when seeing this news because I missed the opportunity again. Just not enough saving for this time, what a waste! Many friends of mine has been recommended this IPO and I feel confidenced with Agriculture Sector as 9MP will pump in more money into it. Since this is the first Agriculture IPO for this year, the forecast is really accurate this time.

I am sure there will be more to come but the rest will be follower, just like what has happened to REIT.

The global are focusing on Bio-Diesel right now where palm oil will be priceless in near future. TH Plantations Bhd intends to expand its plantation size and venture into downstream crude palm oil refining business within the next two years.

DIGI - Just Loving It

There will be a 75 sen per share capital repayment from DIGI in May. This has been the second repayment plan from DIGI. Perhaps, it is wise to reward the share holders after failure in getting the 3G license. As a result, share price rose 5.83% to RM10.90 on 24, April 2006.

HLG Research has upgraded DiGi.Com from a "Hold" to a "Trading Buy" as it expects the capital repayment and dividend to lift share price.

3G license will not be a big issue for now as MITV will sure sub the license to others with a reasonable profit margin. This means DIGi still playing the major role in telco service.

Unbelivable! The share price has already exceeded MAXIS within a few months time! I do not expect much from DIGI after it reach RM7++ few months ago which I thought is already its maximum achivement. Well, it just happened!

After all, DIGI is great.

RM1bil of Amanah Saham Malaysia (ASM) avail on monday

Prime Minister Datuk Seri Abdullah Ahmad Badawi, annouced on last friday (21st April 2006) there will be an additional RM1bil of Amanah Saham Malaysia (ASM) shares available to all from Monday (24th April 2006).
Each unit cost RM1 and can be purchased at all Amanah Saham Nasional Bhd offices as well as from its agents. It is learnt that there is no limit on the number of units that a buyer can buy.
Previously, when the ASM scheme was first launched in 2004, the RM2bil units were fully subscribed within two weeks. The first additional RM1bil was put on sale last year and it was subscribed within three hours.
We are expecting during this time round will be tougher for people to purchase ASM shares and even tougher for new subscriber which take time to open an account. We believed this time the additional RM1bil of ASM share will be fully subscribed within one an half hours.

Iris counter < RM0.91

Everyone whom monitoring the KLSE will definite come across Iris. This counter had been on the top volume almost 1 month. Value per share is around RM.010 during the beginning of the year and now closing at 9 fold. It had been recorded the highest selling price at RM0.905.

Despite the Bursa Saham Malaysia Sdn Bhd had issued a notice of caution over the investor on buying the counter even those Iris had replied the cause of the bullish might due to interest of foreign investor to they company. Iris still remain strong on the uptrend even the counter trade above 100 times PE.

Will Iris counter remain strong in the RM0.90 physiological benchmark? In my opinion, Iris will not able to sustain this benchmark and the price will not able to break the RM0.91.

Hwang-DBS Global Property Fund Launched!

Fund Summary Sheet

Fund Category / Type : Feeder Fund / Income
Approved fund size : 300,000,000 units or RM150 million

Investment objective : The Fund seeks to provide investors with regular income distributions and medium to
long-term capital appreciation during the investment period by investing in a single collective investment scheme that invest globally in real estate investment trusts (REITs), REITs type securities and real estate securities.

Asset allocation : 95% to 99.8% of the Fund’s NAV will be invested in a Singapore-based collective investment scheme, I.e. Singapore Dollar (S$) Class of DBS Global Property Securities Fund (GPSF) while maintaining a minimum of 0.2% of its NAV in liquid assets.
Where :
GPSF invests 70% globally in REITs, REITs type securities listed or traded on a regulated market; and 30% on quoted securities of companies listed or traded on a regulated market which derive a substantial part of their revenue from the ownership,
management and/or development of real estate primarily in the United States (US), Australia, the European Union (EU) and Asia.

Investment Strategy : The fund may invest up to 99.8% of its NAV in the S$ Class of GPSF and the remaining in liquid assets. The Manager may take temporary defensive positions that may be inconsistent with the Fund’s principal strategy in attempting to response to adverse market conditions, economics, political or any other conditions. Another fund with similar objective will be
replaced if GPSF no longer meets the proposed Fund’s investment objective.

Special Selling Points / Benefits :
1.Allows home investors to tap global property opportunities as one asset class in their portfolio.
2.Asian REITs are expected to perform well on the back of benign interest rate outlook, continued strong economic growth.
3.A mild correlation with Equities and Bonds

Trustee : HSBC (Malaysia) Trustee Berhad

Investment Geography : Invest globally with primary focus in the United States (US), Australia, the European Union (EU) and Asia.

Investor Portfolio :

The fund is suitable for investors:-
• who wish diversification to traditional equity investments; and seeking for regular income and potentially higher returns than fixed deposits
• with a risk profile of slightly higher than a bond fund but lower than a dividend focused equity fund.

Fee and Charges :
5% - 7% of the NAV per unit
1.75% per annum of the NAV of the Fund
0.07% per annum (including local custodian but excluding foreign sub-custodian fee) of the NAV of the Fund, subject to a minimum fee of RM18,000 per annum. Trustee should be entitled to an additional trustee fee of 0.03% p.a. of the NAV of the Fund if Trustee becomes a counter-party in any hedging transaction

Switching Fee : Two free switch to any fund managed by the Manager in every calendar year. For subsequent switches within the same calendar year, a fee of 1% would be imposed on the amount switched.

Note : No switching facility during the Initial Offer Period. For full details of switching facility, please refer to the Fund’s Master Prospectus.

For Futher Information
Please contact :

LEE FOO YEE
+60126285101
Blog me!

UNIT TRUST CONSULTANT
SBBMUTUAL SDN BHD

Is Iris speculation happen....

The KLSE had broke through the 2 billion shares volume mark and hit 942 points on a 8-month high. Mainly trading was done on Mesday counter and contributed nearly 40% of the total volume.
Iris which the leaded on of the Mesdaq counter, traded on the large volume of more then 100 mil shares in two consecutive weeks and price increased to two fold. On Friday (7 April) which saw the counter opened at 75.5 sen, fell to 57.5 sen shortly after and rebounded to 2 sen higher at 77.5 sen after closing.
Could all the actively traded volume of Mesdaq counters driven by Iris? or could speculator use 9MP as a base-line to speculate the Mesdaq counter? or it's just simply the Mesdaq counter are value buy?
Friday (7 April) Mesdaq counters trading prove that all the counters are influenced by Iris. On the few minutes after the opening bell saw that most of the Mesdaq counter price drop dramatically as Iris. What happen if Iris trading at bottom down? Iris had been losing the support baseline and how long could Iris sustaining the baseline.

9MP On ICT

The 9MP, the Government had the desire to improve on measures to make Malaysia the destination for information and communications technology (ICT). This will certain make the country's potential as a global player in the shared services and outsourcing (SSO) industry continue to grow. With Government trying to enhance financing sources and fund programmes as well as strengthen existing ones had contributed in strengthening the development and adoption of ICT among the small and medium-scale enterprises (SME).

Thus this had created some heavy bargain-hunting in the lower-priced tech stocks on expectations that the information and communications technology (ICT) sector that would benefit from the 9MP.

Mesdaq stocks such as Iris Corp Bhd, IFCA MSC Bhd and Nova MSC Bhd were actively traded. Which saw the Mesdaq Index rallied to a one-year high at 111.18 points. On the other hand, would this just a speculation among the Mesdaq counter that had been lay inactive for months. How long can this bargain-hunting going on......