IGB is going to form a Real Estate Investment Trust (REIT) comprising of Mid Valley and The Gardens, and get listed in Bursa on 21 September tentatively. This IGB REIT will be one of the largest REIT listed in Bursa.
Mid Valley and The Gardens are both crowded during lunch time and weekends, especially during festive or mega sales. The rent out rate of the shops there should be high, as well as the rental. After the Pavillion REIT, this should be the next successful shopping malls REIT.
This is the timetable of the IPO:
Opening of application - 27/08/2012
Closing of application - 04/09/2012
Balloting of application - 07/09/2012
Allotment of IPO shares to successful applicants - 20/09/2012
Tentative listing date - 21/09/2012
(Source: http://www.bursamalaysia.com/market/listed-companies/company-announcements/1045753)
The IPO price is RM1.25 per share. There are around 200 million units made available for application by Malaysian public.
You may get more details here, http://www.bursamalaysia.com/market/listed-companies/company-announcements/1045737
Before you apply for the IPO, it's always advisable that you download and read the prospectus. Only invest in something that you understand.
Monday, August 27, 2012
Monday, July 9, 2012
Personal views and sharing
I have been posting my blog in dual language all this while, however, I am not able to do so for all the posts due to time constraint. So, I will only post my personal views and sharing about financial planning in my chinese blog, which is http://chinese.leekk8.com.If you can read chinese, please visit to my chinese blog.
Anyway, I will still post in here for those investment knowledge related articles, which I really wish to share with all the people, especially those investment newbies, so that they can understand more about investment as well as the importance of personal financial planning.
Stay tuned for the coming articles...
Anyway, I will still post in here for those investment knowledge related articles, which I really wish to share with all the people, especially those investment newbies, so that they can understand more about investment as well as the importance of personal financial planning.
Stay tuned for the coming articles...
Thursday, January 26, 2012
Happy Chinese New Year & Gong Xi Fa Cai!
This is the beginning of a new lunar year, a "Water Dragon" year, do you all have your own financial planning yet? Although the financial planning series here is not updated for quite some time, it's still worthwhile to reread the series and check if you are going towards financial freedom. If you are still not clear about how to plan your financial, you may go through the financial planning series here again, and set your goals as well as your financial planning.
1) What is Financial Planning?
2) Some tools to help assessing our financial status
3) How to set financial goals effectively?
5) Start the Financial Plan – Pay Off the Debt
6) Is Emergency Fund Important?
If you have any question about financial planning, you may leave a message here. We can discuss and improve ourselves together. Lastly, wishes all of you a very Happy Chinese New Year and Gong Xi Fa Cai! May the new year bring you abundant of fortune and happiness.
Thursday, October 6, 2011
How to become a successful financial advisor?
In the previous post, I have mentioned that the Personal Money in June (Issue #118) has an article about how to become a good financial advisor and I wish to share it here. Recently, I am quite busy, so delay the sharing until now.
These are the five criteria to become a successful financial advisor:
1. Commit to lifelong learning
Financial planners need to be committed to continuous learning in a fast-changing business environment. Planners need to keep updated on the technical knowledge related to different aspects of financial planning, and then translate what you have learnt into practice. Only an educated financial planner can educate his client. After doing the research, he can then share it with their clients. A good financial planner will be able to help clients be discerning with the burgeoning choices of financial products in the market. Financial planners can stay competitive by staying relevant. Keep up to date with news and global events.
2. Define your service.
Planners need to understand what they are trying to accomplish from the financial planning practice. Thus, financial planners should decide whether they want to be generalists capable of providing a comprehensive financial planning plan or specialists who focus on one area of financial planning. Financial planners should avoid over-promising and under-delivering. Also, invest in supporting systems and tools, the planner needs a robust process to assess the risk the client is willing and able to take.
3. Be transparent.
It is critical for consumers to know what they are paying for and how they are paying for it. Be as transparent as possible when discussing compensation for the financial plan and/or advice. Financial planning is a process of setting objectives, assessing assets and resources, estimating future financial needs, and making plans to achieve certain goals. To better educate his clients, it is advantageous for the planner to explain the entire financial-planning process. This helps them understand why they should pay you.
4. Build values and skills.
The skills required in establishing a relationship, identifying clients’ needs, presenting strategies and communicating them are necessary soft skills that a financial planner should have. To create trust, the financial planner has to have integrity and always out the clients’ interest first. To be respected, planners need to uphold the reputation of the profession at all times. To establish a good relationship with clients, update them frequently.
5. Aim to minimize diversions and errors.
Planners need to have a logical and defensible position for every assumption they take. Each assumption should be documented. Conduct “what-if” analyses and scenario testing to prepare for any eventuality. Planners should not paint a rosy picture by selecting a particular time frame. Instead, select different start and end points, and test them out. By preparing different scenarios, the planner will be able to demonstrate and clarify the trade-offs and propose options to close any gaps and create a buffer against unforeseen circumstances. Most importantly, it is to remind the clients that a financial plan is not static.
Even if you are not a financial advisor, you may look at your financial advisor/planner if he/she has the criteria above.
Enjoy your financial planning journey!
Monday, July 4, 2011
What are the trademarks of a good financial adviser?
In the Personal Money June 2011 (Issue #118), there is a letter in the Question of the Month written by me. The topic of the month is “What are the trademarks of a good financial adviser?”
Here is the letter that I submit and be published in the issue:
Here is the letter that I submit and be published in the issue:
“A good financial adviser is not only providing financial advice to customers, but sharing the knowledge and awareness of financial planning with the customers. To be successful in providing financial advice, advisers need to ensure the customers having same thought and relevant knowledge to agree and be confident on what the advisers recommend. Only when both parties are aligned, the financial plan can be executed smoothly. Besides, a good financial adviser should understand and recommend based on the customers' needs and situation, but not keep promoting the same products to every customer, which gives better commission to the advisers. Review periodically on the customers' portfolio is needed to align the portfolio with the bearable risk level.”
The said issue of the Personal Money also has an article about good financial advisers. I will share the article with you in next post. Please stay tuned!
Monday, June 20, 2011
1Pengguna.com – 1 Pengguna Portal, a smart consumer portal
Recently, our government has launched a 1Pengguna.com portal (http://www.1pengguna.com/) , which is used to compare all the goods price of different stores. In this high inflation era, this is a good move of government by creating this online portal for rakyat to compare the consumer product price, so that we can choose the right store to buy at cheapest price.
I have surfed the portal, which idea is really good. It allows us to know all the price of the goods sold in different stores, including convenient store, mini market, super market and hypermarket. With all these information online, we can obtain these by just clicking on the mouse, without going to each of the stores to compare the price. For example, if you are going to hold a small gathering, and need to buy some soft drinks. You can always go to this website to check which store selling the soft drinks at the cheapest price. By having this, you can go to the particular store directly to buy the soft drinks without spending petrol for going to few stores to compare price.
However, there are a lot of improvements need to be done in this website. Ignoring the security loophole of the website, there are still a lot of improvements need to be done in terms of features and functions. The main problem of this website is, the query procedure is too complicated, where we need to click for many selections to compare the prices. There are limited varieties of goods and stores as well. To make this website to be more successful, the government should include all the hypermarkets, such as Tesco and Giant. We wish that the government can improve in these so that more people can benefit from the website, and we can save from the consumer products.
We, as the consumers, should make use of this website to reduce our expenditure by being a smart consumer. No doubt, this is a good news for the consumers to fight with the rising cost of living.
I have surfed the portal, which idea is really good. It allows us to know all the price of the goods sold in different stores, including convenient store, mini market, super market and hypermarket. With all these information online, we can obtain these by just clicking on the mouse, without going to each of the stores to compare the price. For example, if you are going to hold a small gathering, and need to buy some soft drinks. You can always go to this website to check which store selling the soft drinks at the cheapest price. By having this, you can go to the particular store directly to buy the soft drinks without spending petrol for going to few stores to compare price.
However, there are a lot of improvements need to be done in this website. Ignoring the security loophole of the website, there are still a lot of improvements need to be done in terms of features and functions. The main problem of this website is, the query procedure is too complicated, where we need to click for many selections to compare the prices. There are limited varieties of goods and stores as well. To make this website to be more successful, the government should include all the hypermarkets, such as Tesco and Giant. We wish that the government can improve in these so that more people can benefit from the website, and we can save from the consumer products.
We, as the consumers, should make use of this website to reduce our expenditure by being a smart consumer. No doubt, this is a good news for the consumers to fight with the rising cost of living.
Wednesday, May 25, 2011
Should we withdraw EPF to invest in unit trust funds?
Referring to the previous article regarding EPF announcing 5.8% dividend, we continue to discuss about should we maximize the return of our EPF before we are age 55. Normally, we are not allowed to withdraw our EPF before 55, and EPF will give dividend to fight the inflation, in order to ensure we have more retirement fund in future.
However, the fact shows that our EPF is no longer sufficient for our retirement life and most of us still need to work after age 55. There is example that 70% of our EPF fund will be finished by us in 3 year after we retire. Thus, we should not solely depend on EPF dividend, but have to work out something to maximize our EPF fund.
Let me briefly explain about our EPF account structure and conditions of withdrawing EPF for investment. We have 2 accounts in our EPF, which account 1 contributes 70% and account 2 contributes 30%. It means that our EPF payable (together with employer) will be divided into two portions, 70% credited into account 1 and 30% credited into account 2. Normally, we can withdraw from account 2 for the purposes such as, house downpayment, housing loan payment, tertiary education fee and so forth. Account 1 is mainly for our retirement fund, which we only can withdraw after age 55. Anyhow, we are allowed to withdraw from this account 1 for unit trust investment with some conditions.
What are the conditions? The first condition is, you need to have a certain amount of money in your EPF account 1 to be able to withdraw for investment. This is varied based on your age. Normally, the amount you can withdraw each time will be less than 15% of your total amount of account 1. This condition avoids us from withdrawing too much for investment, as there is always risk in investment. Besides, we are only allowed to withdraw once every quarter for unit trust investment. For example, you withdraw an amount for investment today, your next withdrawal must be 3 months after today.
What is the benefit to withdraw EPF for unit trust fund investment?
1. Limitation on the investment amount
EPF limits the withdrawal amount according to our age and account 1 balance. This is to avoid investors from a big lump sum investment at the wrong market timing. A big lump sum investment can easily trap investors when the market is turning down.
2. Limitation on the withdrawal
EPF only allows us to withdraw once every quarter and make sure we are not investing too frequent. Invest once every 3 months in the long term can average our buying price. This is the Dollar Cost Averaging concept, where we can lower down our buying price during the market downturn. This method cannot maximize our return, but to average our buying price, where we can breakeven faster once market recovers from bad time.
3. Long investment horizon
Account 1 can be only withdrawn at age 55. For investors who are in the range of age 20-40, we have a very long time horizon to invest using our EPF. Investing periodically in long term definitely can lower the risk exposure of our investment, as market is going upward trend in long term. Time is a very important factor in investment, as investment can grow bigger and faster during long term. By having sufficient time, we can always wait for the good time to leave the market and get back cash.
4. Better feelings
Unit trust funds price is moving according to the volatility of the stock market. The volatility is always causing investors to be in greedy or scary mode. In my experience, EPF investors are steadier than cash investors when market is turning down. The main factor should be EPF investors will not feel the pain as the money is not coming out from their pocket, but from their EPF account, which they are aware that they cannot touch this money before age 55. Normally, they will continue the EPF investment every quarter regardless of the market movement. During low market, they always buy in more units with same withdrawal amount. Once the market is recovering, they start to earn positive return. In contrast, cash investors normally are very alert about the market movement. They will stop topping up when the market is turning down to wait for the best timing to top up. In fact, they always miss out the best timing, as best time will only be realized when it was past. Cash investors normally wait till the market recover to a certain level, only they will continue to invest. They always miss out to buy more units during low price. When market is recovering, they are hoping their investment to breakeven and they always invest again when their investment breakeven. Again, they buy the units at higher price. At the same time, the EPF investors are already earning positive return when cash investors waiting for breakeven.
5. Lower service charge
This is not a very significant benefit, but it is still lower than cash investment. EPF investment service charge is 3% and cash investment service charge normally is 5.5%.
After all these pros above, are there any cons that we should take into consideration? Yes, this is for sure. Unit trust fund investment is an investment scheme with risks. Although long term periodically investing can lower down the risk exposure, it still cannot eliminate the risk of investment. When looking at the return, there is difference between EPF investment and cash investment. For cash investment, we are earning if there is positive return, but this is not the case for EPF investment. EPF will give dividend every year to our EPF fund, thus our EPF investment return must be able to beat this dividend rate. If our return from the investment is less than the EPF dividend, we are considered losing. This is the opportunity cost.
At last, we are reminded that this EPF investment will be credited back into your account 1 after you repurchase your funds. Investors are not able to get this in cash, as this is our retirement fund in future.
Happy Investing!!!
However, the fact shows that our EPF is no longer sufficient for our retirement life and most of us still need to work after age 55. There is example that 70% of our EPF fund will be finished by us in 3 year after we retire. Thus, we should not solely depend on EPF dividend, but have to work out something to maximize our EPF fund.
Let me briefly explain about our EPF account structure and conditions of withdrawing EPF for investment. We have 2 accounts in our EPF, which account 1 contributes 70% and account 2 contributes 30%. It means that our EPF payable (together with employer) will be divided into two portions, 70% credited into account 1 and 30% credited into account 2. Normally, we can withdraw from account 2 for the purposes such as, house downpayment, housing loan payment, tertiary education fee and so forth. Account 1 is mainly for our retirement fund, which we only can withdraw after age 55. Anyhow, we are allowed to withdraw from this account 1 for unit trust investment with some conditions.
What are the conditions? The first condition is, you need to have a certain amount of money in your EPF account 1 to be able to withdraw for investment. This is varied based on your age. Normally, the amount you can withdraw each time will be less than 15% of your total amount of account 1. This condition avoids us from withdrawing too much for investment, as there is always risk in investment. Besides, we are only allowed to withdraw once every quarter for unit trust investment. For example, you withdraw an amount for investment today, your next withdrawal must be 3 months after today.
What is the benefit to withdraw EPF for unit trust fund investment?
1. Limitation on the investment amount
EPF limits the withdrawal amount according to our age and account 1 balance. This is to avoid investors from a big lump sum investment at the wrong market timing. A big lump sum investment can easily trap investors when the market is turning down.
2. Limitation on the withdrawal
EPF only allows us to withdraw once every quarter and make sure we are not investing too frequent. Invest once every 3 months in the long term can average our buying price. This is the Dollar Cost Averaging concept, where we can lower down our buying price during the market downturn. This method cannot maximize our return, but to average our buying price, where we can breakeven faster once market recovers from bad time.
3. Long investment horizon
Account 1 can be only withdrawn at age 55. For investors who are in the range of age 20-40, we have a very long time horizon to invest using our EPF. Investing periodically in long term definitely can lower the risk exposure of our investment, as market is going upward trend in long term. Time is a very important factor in investment, as investment can grow bigger and faster during long term. By having sufficient time, we can always wait for the good time to leave the market and get back cash.
4. Better feelings
Unit trust funds price is moving according to the volatility of the stock market. The volatility is always causing investors to be in greedy or scary mode. In my experience, EPF investors are steadier than cash investors when market is turning down. The main factor should be EPF investors will not feel the pain as the money is not coming out from their pocket, but from their EPF account, which they are aware that they cannot touch this money before age 55. Normally, they will continue the EPF investment every quarter regardless of the market movement. During low market, they always buy in more units with same withdrawal amount. Once the market is recovering, they start to earn positive return. In contrast, cash investors normally are very alert about the market movement. They will stop topping up when the market is turning down to wait for the best timing to top up. In fact, they always miss out the best timing, as best time will only be realized when it was past. Cash investors normally wait till the market recover to a certain level, only they will continue to invest. They always miss out to buy more units during low price. When market is recovering, they are hoping their investment to breakeven and they always invest again when their investment breakeven. Again, they buy the units at higher price. At the same time, the EPF investors are already earning positive return when cash investors waiting for breakeven.
5. Lower service charge
This is not a very significant benefit, but it is still lower than cash investment. EPF investment service charge is 3% and cash investment service charge normally is 5.5%.
After all these pros above, are there any cons that we should take into consideration? Yes, this is for sure. Unit trust fund investment is an investment scheme with risks. Although long term periodically investing can lower down the risk exposure, it still cannot eliminate the risk of investment. When looking at the return, there is difference between EPF investment and cash investment. For cash investment, we are earning if there is positive return, but this is not the case for EPF investment. EPF will give dividend every year to our EPF fund, thus our EPF investment return must be able to beat this dividend rate. If our return from the investment is less than the EPF dividend, we are considered losing. This is the opportunity cost.
At last, we are reminded that this EPF investment will be credited back into your account 1 after you repurchase your funds. Investors are not able to get this in cash, as this is our retirement fund in future.
Happy Investing!!!
Wednesday, March 2, 2011
EPF announces distribution of 5.80% for YE2010
In year 2010, the local stock market has a bull run and the KLCI is approaching to break the historical peak level at the end of year 2010. The KLCI closed at 1518.91 points on the last day of year 2010. In Jan 2011, the KLCI has broken the historical peak level. As a result, EPF announces that they have earned from the bullish market in year 2011, and the distribution of year 2010 is 0.15% higher than the previous year, from 5.65% increase to 5.80%.
Is this distribution rate satisfied the people? Comparing to the low Fixed Deposit interest rate of 3% now, this 5.80% distribution is considered good. Moreover, the BLR now is not as high as past. However, it is a fact that our EPF is no longer enough for our retirement in future, whereby most of the people spend 70% of their EPF within 3 years after they retire. So, there is a need for us to maximize our EPF in order to have more retirement fund in future.
Time is an important factor in investment. A long term investment with the compound effect will bring a significant return to us. Most of us still have 20-30 years to be retired, so we should utilize this period of time to maximize our EPF fund. It a wise choice to consider investing our EPF into unit trust funds to maximize our EPF fund, so that we will have more fund for your retirement life.
The table below shows the return in year 2010 of all the EPF approved unit trust funds from Public Mutual:
Is this distribution rate satisfied the people? Comparing to the low Fixed Deposit interest rate of 3% now, this 5.80% distribution is considered good. Moreover, the BLR now is not as high as past. However, it is a fact that our EPF is no longer enough for our retirement in future, whereby most of the people spend 70% of their EPF within 3 years after they retire. So, there is a need for us to maximize our EPF in order to have more retirement fund in future.
Time is an important factor in investment. A long term investment with the compound effect will bring a significant return to us. Most of us still have 20-30 years to be retired, so we should utilize this period of time to maximize our EPF fund. It a wise choice to consider investing our EPF into unit trust funds to maximize our EPF fund, so that we will have more fund for your retirement life.
The table below shows the return in year 2010 of all the EPF approved unit trust funds from Public Mutual:
I will share my opinion on why we should withdraw EPF to invest in unit trust funds soon…
Tuesday, February 8, 2011
Happy Chinese New Year & Gong Xi Fatt Chai!!!
HAPPY CHINESE NEW YEAR & GONG XI FATT CHAI to all the readers of my blog. It is quite some time that I never update my blog, and now is the time for me to update this more frequent again.
Earlier I have shared few posts about the personal financial planning, which you can see the links of the complete series at the right pane, and I will continue on this to complete the whole personal financial planning series. The next topic of this personal financial planning talk is Types of Investment Tools. Please stay tune for the sharing soon.
In every new year, we will feel that the goods and services in the market are rising in price, and we will have our bonus or salary increment. How we can overcome the price rising with our current bonus and salary increment? How we should plan for our future financially? Now is the time for us to think about this. Let’s us plan our finance wisely and work towards financial freedom.
Again, wish all of you a very Happy Chinese New Year and a very Happy Investing Year!
Earlier I have shared few posts about the personal financial planning, which you can see the links of the complete series at the right pane, and I will continue on this to complete the whole personal financial planning series. The next topic of this personal financial planning talk is Types of Investment Tools. Please stay tune for the sharing soon.
In every new year, we will feel that the goods and services in the market are rising in price, and we will have our bonus or salary increment. How we can overcome the price rising with our current bonus and salary increment? How we should plan for our future financially? Now is the time for us to think about this. Let’s us plan our finance wisely and work towards financial freedom.
Again, wish all of you a very Happy Chinese New Year and a very Happy Investing Year!
Friday, March 5, 2010
EPF announce 5.65% dividend for 2009
As the share market is going up since early of year 2009, most of the stocks have gained during the last year. EPF announces 5.65% of dividend for year 2009, which is 1.15% higher than year 2008. Year 2008 is a bad year for share market, where there was economy crisis, especially the subprime mortgage crisis in western countries.
Looking back at the last 10 years, what is the dividend rate announced by EPF???
2009 - 5.65%
2008 - 4.5%
2007 - 5.80%
2006 - 5.15%
2005 - 5.00%
2004 - 4.75%
2003 - 4.50%
2002 - 4.25%
2001 - 5.00%
2000 - 6.00%
From the trend, EPF is no longer announcing dividend rate which is higher than 6% for the past 10 years, and I believe they will not annouce a dividend higher than that in recent years. (year 2006-2007 is a very bullish year in share market)
So, be aware of this, and think about our future. EPF is no longer enough for our retirement fund, and we need to figure out some other channels to prepare for our future retirement fund. Investing in unit trust funds, stock market as well as properties will be a wiser choice for us to accumulate more wealth.
Besides, you may consider to invest using our EPF as well...just find out the best way of your own.
Sunday, February 14, 2010
HAPPY CHINESE NEW YEAR & GONG XI FA CAI
HAPPY CHINESE NEW YEAR & GONG XI FA CAI to all of you!!!
Wish you all that your dream will come true soon and have a prosperous tiger year...
Plan ahead your financial plan at the beginning of the year to make sure your financial goal can be achieved.
I have quite some time write nothing on this blog, but in the new year, I will continue to write and share with you all about my view and experience in personal financial planning and investment. So, keep your eye on this blog and feedback or discuss with me through the comments.
Again, wish you all have a happy and prosperous CHINESE NEW YEAR!!! GONG XI FA CAI!!!
Wish you all that your dream will come true soon and have a prosperous tiger year...
Plan ahead your financial plan at the beginning of the year to make sure your financial goal can be achieved.
I have quite some time write nothing on this blog, but in the new year, I will continue to write and share with you all about my view and experience in personal financial planning and investment. So, keep your eye on this blog and feedback or discuss with me through the comments.
Again, wish you all have a happy and prosperous CHINESE NEW YEAR!!! GONG XI FA CAI!!!
Friday, October 23, 2009
2010 Malaysia Budget
Malaysia Prime Minister is delivering Malaysia Budget of year 2010 in Parliment today.
Below are some highlights which related to personal financial planning:
1. Personal Income Tax reduce 1%.
2. Broadband subscribers can get tax relief up to RM500 a year during year 2010-2012.
3. Personal expenses tax relief increase to RM9000 from RM8000.
4. Service Tax of RM50 will be imposed by Jan 2010 to each of the principal credit card, charge card including free card. RM25 will be imposed for supplementary card.
5. Tax relief of EPF and Life insurance increases to RM7000 from RM6000.
6. RM3billion of sukuk 1Malaysia will be issued to Malaysian of 21 year old and above, 3 year maturity with 5% return per annum.
7. Government to look into micro insurance, takaful coverage. Premiums from as low as RM20 per month, coverage from RM10,000 to RM20,000.
8. Government to impose 5% tax on gains from disposal of real property from Jan 1, 2010. However,it will be retained for gifts between parent and child, husband and wife, grandparent and grandchild. This tax exemption will also be given on disposal of residential property once in a lifetime.
9. Government to launch scheme for EPF contributors to use current, future savings in Account Two to get higher financing to buy higher value house or additional houses.
10. 1Malaysia retirement scheme for self-employed, run by EPF. For every RM100 contribution, government to contribute 5%, maximum RM60.
Below are some highlights which related to personal financial planning:
1. Personal Income Tax reduce 1%.
2. Broadband subscribers can get tax relief up to RM500 a year during year 2010-2012.
3. Personal expenses tax relief increase to RM9000 from RM8000.
4. Service Tax of RM50 will be imposed by Jan 2010 to each of the principal credit card, charge card including free card. RM25 will be imposed for supplementary card.
5. Tax relief of EPF and Life insurance increases to RM7000 from RM6000.
6. RM3billion of sukuk 1Malaysia will be issued to Malaysian of 21 year old and above, 3 year maturity with 5% return per annum.
7. Government to look into micro insurance, takaful coverage. Premiums from as low as RM20 per month, coverage from RM10,000 to RM20,000.
8. Government to impose 5% tax on gains from disposal of real property from Jan 1, 2010. However,it will be retained for gifts between parent and child, husband and wife, grandparent and grandchild. This tax exemption will also be given on disposal of residential property once in a lifetime.
9. Government to launch scheme for EPF contributors to use current, future savings in Account Two to get higher financing to buy higher value house or additional houses.
10. 1Malaysia retirement scheme for self-employed, run by EPF. For every RM100 contribution, government to contribute 5%, maximum RM60.
Sunday, August 9, 2009
Public Bank announce 2Q Financial Report of FY2009
Public Bank, PBBANK (Stock Quote 1295) has announced the 2nd quarter financial report for financial year 2009. These are the few key points of the report:
• The Group achieved a pre-tax profit of RM1,564.7 million and net profit attributable to equity holders of RM1,200 million, which represented a decrease of 11.2% and 8.5% respectively from the previous corresponding half year, due to a one-off goodwill payment of RM200 million received from ING.
• Excluding the one-off ING goodwill, the underlying operating pre-tax profit and net profit attributable to equity holders have actually improved by RM2.5 million, or 0.2%, and RM34.4 million, or 3.0%, respectively.
• The Group’s net interest and financing income continued to show a growth of 8.7% as compared to the previous corresponding half year, despite the negative impact of the drops in overnight policy rate by BNM from 3.5% to 2.0%.
• The Group’s asset quality continued to improve with its gross non-performing loan (NPL) balance decreasing by RM10.6 million to RM1.21 billion as at 30 June 2009. The Group’s net NPL ratio further improved to 0.80% from 0.93% a year ago.
• Public Bank recorded a pre-tax profit of RM1,174.1 million for the financial half year ended 30 June 2009 and was lower than the pre-tax profit of RM1,525.5 million achieved in the previous corresponding half year.
• Pre-tax profit contribution from the Group’s overseas operations decreased by RM64.5 million or 31.8% from the previous corresponding half year to RM138.3 million.
• For the 2nd quarter ended 30 June 2009, the Group registered a pre-tax profit of RM819.8 million, an improvement of RM28.2 million or 3.6% as compared to the previous corresponding quarter.
• The EPS for the 2nd quarter remains at 17.7 cent compared to previous corresponding quarter. The EPS for the half financial year ended 30 June 2009 has decreased to 35.1 cent compared to 39.1 cent in the previous corresponding half year.
• The Net assets per share is RM2.99.
• Total assets is RM204,038 million and total liabilities is RM193,004 million.
• Interim dividend of 30 cent less 25% tax is declared.
Personal view:
1. Public Bank NPL is improving, despite of the current economy crisis. This shows that Public Bank approves the loan application with extra carefulness.
2. Public Bank oversea operations are facing decrease of revenue as well as profit, which is a great challenge for the management.
3. By having half year EPS of 35.1 cent, we assume the EPS is same for the 2nd half, the total EPS is 70.2 cent. With the current share price RM9.96, the PE is 14.19.
Friday, July 31, 2009
Amanah Saham 1 Malaysia (AS 1Malaysia) is Launched!
Our Prime Minister, Dato Seri Najib announces that there will be another funds being launched and managed by PNB (Permodalan Nasional Berhad) during his 100th day as Prime Minister. The fund is called Amanah Saham 1 Malaysia (AS 1Malaysia). Today, the fund has been launched. Total of 10 billion unit with RM1.00 each will be sold through all the agents bank on 5 August.
There is a quota of 50% allocated for Bumiputera, 30% for Chinese, 15% for Indians, and 5% for others during the first 30 days. There is no quota after the period. The agents bank that distribute the fund are CIMB Bank, Maybank, and RHB Bank. Besides, the fund is also distributed by Pos Office and all the ASNB offices.
There is still no any official information published in ASNB website yet, but it has been announced that, the fund is fixed at RM1.00, same as ASM or ASW2020. Thus, it is expected that the return of this fund should be similar with the ASM and ASW2020. More information will be added here when there is official information published.
There is a quota of 50% allocated for Bumiputera, 30% for Chinese, 15% for Indians, and 5% for others during the first 30 days. There is no quota after the period. The agents bank that distribute the fund are CIMB Bank, Maybank, and RHB Bank. Besides, the fund is also distributed by Pos Office and all the ASNB offices.
There is still no any official information published in ASNB website yet, but it has been announced that, the fund is fixed at RM1.00, same as ASM or ASW2020. Thus, it is expected that the return of this fund should be similar with the ASM and ASW2020. More information will be added here when there is official information published.
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ASNB has announced the prospectus of AS 1Malaysia. The unit price of AS 1 Malaysia is fixed at RM1.00. According to the Guideline of Unit Trust, this fund is not a capital protected fund. However, as the price is fixed at RM1.00, in fact the fund is capital guaranteed.
The prospectus of AS 1Malaysia can be downloaded here, http://www.asnb.com.my/prospectusall.htm
Wednesday, July 15, 2009
ASM (Amanah Saham Malaysia) Available Again!
As promised earlier, ASM which are not sold is opened to all the races. There are 1.6 billion unit of ASM will be opened for all the bumi or non-bumi to invest. These units will be available for investment at 21 July 2009. Each individual investor is only eligible for 20,000 units.
Prime Minister, Dato Seri Najib announces earlier that there will be another fund called Amanah Saham 1 Malaysia launched and also managed by PNB, so people expect this new fund is similar to ASM, ASB or ASW2020.
However, we still do not have detailed information of the new AS1M, it is no hurt if people invest in ASM first while waiting for the more detailed information of AS1M.
More information on ASM, refer to earlier article:
Prime Minister, Dato Seri Najib announces earlier that there will be another fund called Amanah Saham 1 Malaysia launched and also managed by PNB, so people expect this new fund is similar to ASM, ASB or ASW2020.
However, we still do not have detailed information of the new AS1M, it is no hurt if people invest in ASM first while waiting for the more detailed information of AS1M.
More information on ASM, refer to earlier article:
Wednesday, July 1, 2009
The 10 Richest Malaysian 2009
According to the Forbes’special report on 27 May 2009, these are the top 10 richest Malaysians:
1． Robert Kuok
Net Worth: US$ 9 billion
Age: 85
Main Business: Wilmar International, PPB
2． Ananda Krishnan
Net Worth: US$ 7 billion
Age: 71
Main Business: Maxis, Astro and India Aircel
3． Lee Shin Cheng
Net Worth: US$ 3.2 billion
Age: 70
Main Business: IOI Group
4． Lee Kim Hua & Family
Net Worth: US$ 2.5 billion
Age: 80
Main Business: Genting Group, Resorts World
5． Teh Hong Piow
Net Worth: US$ 2.4 billion
Age: 79
Main Business: Public Bank
6． Quek Leng Chan
Net Worth: US$ 2.3 billion
Age: 68
Main Business: Hong Leong Group
7． Yeoh Tiong Lay & Family
Net Worth: US$ 1.8 billion
Age: 79
Main Business: YTL Corporation
8． Syed Mokhtar AlBukhary
Net Worth: US$ 1.1 billion
Age: 57
Main Business: MMC Corporate, Malakoff
9. Tiong Hiew King
Net Worth: US$ 1.0 billion
Age: 74
Main Business: Sin Chew
10. Vincent Tan
Net Worth: US$ 0.75 billion
Age: 57
Main Business: Berjaya Group
Besides from the top 10, the others richest Malaysians are:
11. Azman Hashim – US$ 470 million
Chairman of Amcorp and Malaysian Investment Banking Association
12. William H.J. Cheng – US$ 390 million
Lion Group
13. G. Gnanalingam – US$ 260 million
14. Lim Kok Thay - US$ 225 million
Genting Group
15. Anthony Fernandes - US$ 220 million
AirAsia
16. Mokhzani Mahathir - US$ 215 million
Kencana
17. Lee Oi Hian - US$ 210 million
Kuala Lumpur Kepong, Batu Kawan
18. Chan Fong Ann - US$ 209 million
IOI Group Board Member
19. Kamarudin Meranun - US$ 205 million
AirAsia
20. Chong Chook Yew - US$ 200 million
21. Chen Lip Keong - US$ 195 million
NagaCorp
22. Lee Swee Eng - US$ 190 million
KNM
23. Jeffrey Cheah - US$ 185 million
Sunway Group
24. Lim Wee Chai - US$ 180 million
Top Glove
25. Ahmayuddin bin Ahmad - US$ 175 million
26. Lee Hau Hian - US$ 174 million
Kuala Lumpur Kepong, Batu Kawan
27. Lau Cho Kun - US$ 165 million
28. Vinod Sekhar - US$ 150 million
29. Liew Kee Sin - US$ 140 million
SP Setia
30. Tiah Thee Kian - US$ 135 million
TA Group
31. Rozali Ismail - US$ 130 million
Puncak Niaga
32. Lin Yun Ling - US$ 115 million
Gamuda
33. Yaw Teck Seng - US$ 113 million
Samling Group
34. Goh Peng Ooi - US$ 112 million
Silverlake Axis
35. Eleena Azlan Shah - US$ 110 million
Gamuda
36. David Law Tien Seng - US$ 105 million
37. Syed Mohd Yusof Tun Syed Nasir - US$ 100 million
K&N Kenanga
38. Hamdan Mohamad - US$ 98 million
Ranhill
39. Tan Teong Hean - US$ 95 million
Southern Bank
40. Kua Sian Kooi - US$ 90 million
Kurnia Insurance
Sunday, June 21, 2009
Public Bank announce 1Q Financial Report of FY2009
Public Bank, PBBANK (Stock Quote 1295) has announced the 1st quarter financial report for financial year 2009. These are the few key points of the report:
· The Group’s pre-tax profit, excluding the ING goodwill payment, shows a marginal drop of RM25.7 million or 3.3% to RM 744.9 million. It is a drop of RM68 million or 8.4% as compared to the pre-tax profit of RM812.9 million for the preceding quarter ended 31 December 2008.
· Net profit attributable to equity holders is lower by 17.9% to RM589.3 million compared to the previous corresponding quarter. This was due to the one-off goodwill payment of RM200 million received from ING in respect of a regional strategic alliance on bancassurance distribution in the previous corresponding quarter.
· Non-Performing loan (NPL) improved to below 1.0% from 1.1% a year ago. The NPL balance is RM1.23 billion as at 31 March 2009.
· Public Bank recorded a pre-tax profit of RM437.0 million for the first quarter of financial year 2009 and was lower than the pre-tax profit of RM804.5 million achieved in the previous corresponding quarter.
· Pre-tax profit contribution from the Group’s overseas operations decreased by RM32.3 million or 33.0% from the previous corresponding quarter to RM65.7 million.
· The EPS has decreased to 17.4 cent in the 1st quarter compared to 21.4 cent in the previous corresponding quarter.
· The Net assets per share is RM2.78.
· Total assets is RM199,226 million and total liabilities is RM188,882 million.
· The Group’s pre-tax profit, excluding the ING goodwill payment, shows a marginal drop of RM25.7 million or 3.3% to RM 744.9 million. It is a drop of RM68 million or 8.4% as compared to the pre-tax profit of RM812.9 million for the preceding quarter ended 31 December 2008.
· Net profit attributable to equity holders is lower by 17.9% to RM589.3 million compared to the previous corresponding quarter. This was due to the one-off goodwill payment of RM200 million received from ING in respect of a regional strategic alliance on bancassurance distribution in the previous corresponding quarter.
· Non-Performing loan (NPL) improved to below 1.0% from 1.1% a year ago. The NPL balance is RM1.23 billion as at 31 March 2009.
· Public Bank recorded a pre-tax profit of RM437.0 million for the first quarter of financial year 2009 and was lower than the pre-tax profit of RM804.5 million achieved in the previous corresponding quarter.
· Pre-tax profit contribution from the Group’s overseas operations decreased by RM32.3 million or 33.0% from the previous corresponding quarter to RM65.7 million.
· The EPS has decreased to 17.4 cent in the 1st quarter compared to 21.4 cent in the previous corresponding quarter.
· The Net assets per share is RM2.78.
· Total assets is RM199,226 million and total liabilities is RM188,882 million.
Tuesday, June 16, 2009
BKAWAN announce Q2 Financial Report of FY2009
Batu Kawan Berhad, BKAWAN (Stock Quote 1899) has announced the 2nd quarter financial report for financial year 2009. These are the few key points of the report:
· The Group’s pre-tax profit for the current quarter was RM88.9 million, substantially lower than the RM117.3 million reported in the corresponding quarter last year, due to lower profit contribution from our plantation associate, KLK, which reported lower plantation and manufacturing profits.
· For the first half financial year 2009, Group pre-tax profit at RM140.8 million was lower than the RM262.2 million achieved last year.
· The current quarter’s pre-tax profit of RM88.9 million was higher than the RM51.8 million reported in the preceding quarter mainly due to a USD8.0 million surplus on disposal of an overseas investment by a foreign subsidiary.
· The Net Profit for the current quarter was RM86.66 million compared to the RM115.74 million in the corresponding quarter last year.
· A single-tier tax exempt interim dividend of 10sen per share has been declared. It will be paid on 12 Aug 2009 to shareholders registered in the Company’s Register as at 16 July 2009.
· The Earning Per Share (EPS) for the current quarter is 20.01sen, substantially lower than 26.41sen in the corresponding quarter last year.
· The Net Assets per Share is RM6.35.
Thursday, June 11, 2009
Malaysia Equity Funds Performance (31 May 2009)
(Bracket indicates negative value)
1 Year:
1. HLG Vietnam – 25.06%
2. Saham Amanah Sabah – 17.09%
3. AmanahRaya Islamic Equity – 1.81%
4. MAA Capital Guaranteed 2 – (1.90%)
5. MAA Capital Guaranteed 1 – (2.72%)
6. MAA Capital Guaranteed 3 – (3.28%)
7. MAA Capital Gtd Asia Pacific – (3.68%)
8. PRUlink Guaranteed Account – (3.69%)
9. Areca Equity Trust – (5.62%)
10. PB China ASEAN Equity – (5.89%)
11. Mayban Life Property Plus CG – (5.95%)
12. HLG European Dividend-Growth – (6.53%)
13. MCIS Zurich Equity – (6.64%)
14. Apex Small Cap – (6.91%)
15. MAA Platinum – (7.28%)
16. AMB Value Trust – (7.39%)
17. AMB Ethical Trust – (7.73%)
18. Uni Strategic – (8.17%)
19. OSK-UOB Malaysia Dividend – (8.28%)
20. Public Far-East Cons Themes – (8.68%)
3 Year: (Annualized Return)
1. AMB Value Trust – 23.36%
2. OSK-UOB Smart Treasure – 22.30%
3. AMB Ethical Trust – 22.22%
4. Saham Amanah Sabah – 20.35%
5. Public SmallCap – 19.98%
6. Allianz Life Dynamic Growth – 19.37%
7. CMS Islamic – 19.01%
8. OSK-UOB Emerg Oppty – 18.54%
9. Allianz Life Equity – 17.90%
10. Uni Strategic – 16.89%
11. OSK-UOB Resources – 16.16%
12. Uni Aggressive – 16.03%
13. MAAKL Growth – 15.90%
14. Manulife Equity – 15.51%
15. Public Islamic Opportunities – 15.35%
16. CIMB Principal Equity – 15.09%
17. PB Growth – 15.01%
18. ING Dana Suria Ekuiti – 14.55%
19. TA High Growth – 14.24%
20. Kenanga Growth – 14.08%
5 Year: (Annualized Return)
1. AMB Value Trust – 16.98%
2. PB Growth – 15.93%
3. Public SmallCap – 15.00%
4. AMB Ethical Trust – 14.97%
5. Manulife Equity – 14.35%
6. Public Aggressive Growth – 13.00%
7. Pacific Dividend – 12.77%
8. OSK-UOB Equity – 12.53%
9. Public Savings – 12.42%
10. MAAKL Al-Faid – 12.36%
11. Saham Amanah Sabah – 12.33%
12. OSK-UOB Emerg Oppty – 11.76%
13. ING Dana Suria Ekuiti – 11.59%
14. OSK-UOB KLCI Tracker – 11.51%
15. Public Equity – 11.47%
16. CIMB Principal Equity – 11.46%
17. Public Growth – 11.44%
18. Kenanga Syariah Growth – 11.43%
19. CIMB Islamic DALI Equity – 11.38%
20. Kenanga Growth – 11.36%
Source: Lipperweb
1 Year:
1. HLG Vietnam – 25.06%
2. Saham Amanah Sabah – 17.09%
3. AmanahRaya Islamic Equity – 1.81%
4. MAA Capital Guaranteed 2 – (1.90%)
5. MAA Capital Guaranteed 1 – (2.72%)
6. MAA Capital Guaranteed 3 – (3.28%)
7. MAA Capital Gtd Asia Pacific – (3.68%)
8. PRUlink Guaranteed Account – (3.69%)
9. Areca Equity Trust – (5.62%)
10. PB China ASEAN Equity – (5.89%)
11. Mayban Life Property Plus CG – (5.95%)
12. HLG European Dividend-Growth – (6.53%)
13. MCIS Zurich Equity – (6.64%)
14. Apex Small Cap – (6.91%)
15. MAA Platinum – (7.28%)
16. AMB Value Trust – (7.39%)
17. AMB Ethical Trust – (7.73%)
18. Uni Strategic – (8.17%)
19. OSK-UOB Malaysia Dividend – (8.28%)
20. Public Far-East Cons Themes – (8.68%)
3 Year: (Annualized Return)
1. AMB Value Trust – 23.36%
2. OSK-UOB Smart Treasure – 22.30%
3. AMB Ethical Trust – 22.22%
4. Saham Amanah Sabah – 20.35%
5. Public SmallCap – 19.98%
6. Allianz Life Dynamic Growth – 19.37%
7. CMS Islamic – 19.01%
8. OSK-UOB Emerg Oppty – 18.54%
9. Allianz Life Equity – 17.90%
10. Uni Strategic – 16.89%
11. OSK-UOB Resources – 16.16%
12. Uni Aggressive – 16.03%
13. MAAKL Growth – 15.90%
14. Manulife Equity – 15.51%
15. Public Islamic Opportunities – 15.35%
16. CIMB Principal Equity – 15.09%
17. PB Growth – 15.01%
18. ING Dana Suria Ekuiti – 14.55%
19. TA High Growth – 14.24%
20. Kenanga Growth – 14.08%
5 Year: (Annualized Return)
1. AMB Value Trust – 16.98%
2. PB Growth – 15.93%
3. Public SmallCap – 15.00%
4. AMB Ethical Trust – 14.97%
5. Manulife Equity – 14.35%
6. Public Aggressive Growth – 13.00%
7. Pacific Dividend – 12.77%
8. OSK-UOB Equity – 12.53%
9. Public Savings – 12.42%
10. MAAKL Al-Faid – 12.36%
11. Saham Amanah Sabah – 12.33%
12. OSK-UOB Emerg Oppty – 11.76%
13. ING Dana Suria Ekuiti – 11.59%
14. OSK-UOB KLCI Tracker – 11.51%
15. Public Equity – 11.47%
16. CIMB Principal Equity – 11.46%
17. Public Growth – 11.44%
18. Kenanga Syariah Growth – 11.43%
19. CIMB Islamic DALI Equity – 11.38%
20. Kenanga Growth – 11.36%
Source: Lipperweb
Click here for previous month performance.
Wednesday, June 3, 2009
New Domain!!!
After writing the blog for one year, finally I have got my own domain name for the blog. Earlier, I plan to move my blog to my own hosting server from blogger, but there are some issues in between, especially the site uptime. By using blogger, I have no worry about the site uptime.
There are pros and cons of using blogger or using wordpress with own hosting server. Blogger is much simpler compared to wordpress and we no need to spend a penny to get our blogs hosted. Furthermore, site uptime is quite good so far...Good Job, Blogger!!!
By using wordpress, we need to spend some money to get hosting server, and we need to make sure the site uptime is satisfactory. Anyway, wordpress has much more gadgets to play with compared to blogger :) Moreover, by having own hosting server, we can integrate database into our blogs...I'm thinking of that, maybe some of you got any idea if I can do this in blogger???
So, finally, I have my own brand name for my blog... http://www.leekk8.com and my chinese version blog domain is http://chinese.leekk8.com.
Enjoy your reading and feedback to me if you have any comments...
There are pros and cons of using blogger or using wordpress with own hosting server. Blogger is much simpler compared to wordpress and we no need to spend a penny to get our blogs hosted. Furthermore, site uptime is quite good so far...Good Job, Blogger!!!
By using wordpress, we need to spend some money to get hosting server, and we need to make sure the site uptime is satisfactory. Anyway, wordpress has much more gadgets to play with compared to blogger :) Moreover, by having own hosting server, we can integrate database into our blogs...I'm thinking of that, maybe some of you got any idea if I can do this in blogger???
So, finally, I have my own brand name for my blog... http://www.leekk8.com and my chinese version blog domain is http://chinese.leekk8.com.
Enjoy your reading and feedback to me if you have any comments...
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