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.
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.
posted by danielkong @ 4:12 PM
4 Comments:
At 9:43 PM,
Ho Sang said…
The ASM was over subscribed within an hour. I was not aware about the news, should have grab some for myself. Many non-bumi has been so interested with ASM due to stable and higher return compare to mutual fund. Unfortunately, there's a 'KUOTA' system.
Daniel, how's the return so far? Good? Is there any annual service charge for ASM?
At 11:21 AM,
danielkong said…
ASM had no "quota", its eligible to all Malaysian with unlimited units provide that the fund is available. I invested during the launch of ASM in year 2000 and the average annual dividend is 7%. Which i consider it's better then any FD that a bank can offer. There are no annual charges on investor which in another hand the ASM sell like hot pancake during the enlargement of funds. Read my coming blog on PNB unit trust....
At 4:16 PM,
Ho Sang said…
Really no "quata"? I thought ASM only available for non-bumiputra for certain perioud with limited units.
I noticed that ASM gave out roughly 6 sen for each unit this year. May I know the market price per unit? Where can I see the price? Paiseh...:P
At 5:31 PM,
danielkong said…
ASM is a fixed price unit. You sell at RM1 and buy at RM1 and there is no cooling-off period too.
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