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.

Previous Quarterly Financial Report

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.

Q1 Financial Report of FY2009

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

Click here for previous month performance.

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...

Malaysia Equity Funds Performance (30 April 2009)

(Bracket indicates negative value)

1 Year:

1. Saham Amanah Sabah – 2.65%
2. HLG Vietnam – 1.23%
3. AmanahRaya Islamic Equity – (5.96%)
4. MAA Capital Guaranteed 2 – (6.10%)
5. MAA Capital Guaranteed 1 – (6.61%)
6. MAA Capital Guaranteed 3 – (7.08%)
7. PRUlink Guaranteed Account – (7.79%)
8. MAA Capital Gtd Asia Pacific – (8.38%)
9. HLG European Dividend-Growth – (10.42%)
10. Mayban Life Property Plus CG – (10.78%)
11. MAA Platinum – (11.26%)
12. Areca Equity Trust – (11.66%)
13. AMB Value Trust – (13.38%)
14. AMB Ethical Trust – (13.61%)
15. Uni Strategic – (14.06%)
16. Apex Small Cap – (14.20%)
17. HwangDBS Glo Emerging Markets – (14.51%)
18. MCIS Zurich Equity – (16.72%)
19. HLG Consumer Products Sector – (16.96%)
20. HLG Trading/Services Sector – (17.55%)


3 Year: (Annualized Return)

1. AMB Value Trust – 19.96%
2. OSK-UOB Smart Treasure – 18.38%
3. AMB Ethical Trust – 18.14%
4. Public SmallCap – 15.06%
5. Saham Amanah Sabah – 14.98%
6. Allianz Life Dynamic Growth – 14.96%
7. Allianz Life Equity – 14.44%
8. Uni Strategic – 14.23%
9. Uni Aggressive – 13.95%
10. OSK-UOB Emerg Oppty – 13.87%
11. MAAKL Growth – 12.32%
12. CIMB Principal Equity – 11.50%
13. Manulife Equity – 11.38%
14. MAAKL Al-Faid – 10.43%
15. PB Growth – 10.35%
16. TA High Growth – 10.11%
17. MAAKL Value – 9.94%
18. ING Dana Suria Ekuiti – 9.92%
19. CIMB Islamic DALI Equity Growth – 9.88%
20. AIA Dana Dinamik – 9.85%


5 Year: (Annualized Return)

1. AMB Value Trust – 14.04%
2. PB Growth – 13.00%
3. AMB Ethical Trust – 11.76%
4. Public SmallCap – 11.69%
5. Manulife Equity – 10.87%
6. Pacific Dividend – 10.40%
7. OSK-UOB Equity – 10.36%
8. MAAKL Al-Faid – 10.17%
9. Public Aggressive Growth – 9.76%
10. Public Savings – 9.71%
11. OSK-UOB KLCI Tracker – 9.35%
12. ING OA Inv- ING Blue Chip – 8.89%
13. Public Growth – 8.69%
14. ING OA Inv- ING Ekuiti Islam – 8.68%
15. Public Equity – 8.52%
16. CIMB Principal Equity – 8.49%
17. Public Islamic Equity – 8.45%
18. Saham Amanah Sabah – 8.45%
19. Public Regular Savings – 8.35%
20. Kenanga Syariah Growth – 8.31%



Source: Lipperweb

Click here for previous month performance.

Income Tax 2008 Submission

Every year when around end of April, all the people will be busy to look for all the receipts of previous year. Looking for receipts for what? To declare income tax. Income tax submission is on 30 April every year. When around this day, all the LHDN (Lembaga Hasil Dalam Negeri) offices will be crowded from day to night.

Despite of old days, now we can submit the tax online, by using e-filing. After filing the tax, we can make the payment online as well, using online banking. This is really a convenient way for us. No need to take leave to go to the LHDN office. No need looking for parking. If do not want to take leave, then need to go there after work. By using e-filing, we can settle everything at home or at office. I just file my tax online, just takes me half an hour.

What do we need to prepare before doing the tax filing? The most important document is the EA form. From the EA form, you can actually key in the total salary, allowance, and your EPF contribution. Just be aware that this year is a bit different in the allowance, where some of the allowances are tax-exempted allowance, such as internet allowance, petrol card, and so forth. After that, compile all your receipts. The items can be used for tax deduction are books and magazine (max RM1000), sport item (max RM300), life insurance (max RM6000 together with EPF), medical insurance (max RM3000), computer (max RM3000 once every 3 year), parents’ medical bills (max RM5000), medical check-up fee (max RM500), and other donation to charity (max 7% of total income). So, by having all these amount, you just key in the figure online, then it will calculate your taxable income automatically as well as the tax amount that you need to pay.

Beside, you also need to key in all the dividends that you get last year, as we can claim back the exceeded tax if we are not in the 26% tax bracket. Just compile all your dividend voucher and key in all the information according to the online form, the exceeded tax will be calculated automatically.

Doubtful that if you need to declare income tax? Just take your total income last year (salary + bonus) minus the EPF contribution, if exceed RM24,000, you will need to declare tax. It is always a good practice to declare tax even you are not entitled to pay tax yet.

Going to submit but do not know how to do e-filing? Refer to the website, the guide is quite clear, https://spsd.hasil.gov.my/PKI/e/mainpage.html.

30 April 2009….another 8 days to go!!!

ASM and ASW2020

Following the Sukuk Simpanan Rakyat, the government again announces for the additional units of Amanah Saham Malaysia (ASM) and Amanah Saham Wawasan 2020 (ASW2020). The additional 3.3 billion units of ASM can be subscripted on 21 April 2009 onwards, and the additional 2 billion units of ASW2020 will be available for subscription on 27 April 2009 onwards.

These two funds are different from the other normal unit trust funds, where their NAV is always RM1.00. The minimum initial investment will be 100 units and the maximum investment per pax is 20,000 units. Both funds are equity funds, but the risk is much lower than the other normal unit trust funds, as they are “guaranteed” by the government. ASM has delivered a per unit income distribution of 6.75 sen, 6.8 sen and 7.8 sen while ASW2020 gave a per unit income distribution of 6.8 sen, 8 sen and 7 sen for years 2006, 2007 and 2008 respectively. So, the average returns for these funds are ranged 6% to 8%.

ASM and ASW2020 can be bought at all the ASNB offices, Post Office, Maybank, CIMB Bank and RHB Bank.

For detailed information, can refer to http://www.asnb.com.my/.
For ASM: http://www.asnb.com.my/asm.htm
For ASW2020: http://www.asnb.com.my/asw.htm

Personally, I should say these funds are suitable for those who do not want to bear the high risk as normal unit trust funds. Their return is almost same as the normal moderate risk unit trust funds, and they are much more stable. The difference is very obvious when we compare the return of ASM/ASW2020 with the normal unit trust funds for year 2007 and year 2008. In 2007, most of the normal equity funds give return of 40%-60% in a year, while ASM and ASW2020 give return of 7%-8% in a year. In 2008, there is the economy crisis and most of the share markets drop. Normal equity funds suffer loss of 20%-30% in a year generally, but ASM and ASW2020 still give return of 6%-7%.

So, depends on yourself, see which funds are suitable for you. For those who are thinking to invest in low risk funds like bond funds, this is actually a much better choice. Although ASM and ASW2020 are equity funds, their risk is as low as bond funds (or I can say their risk is lower than bond funds), and their return is definitely higher than bond funds. The only drawback is, you need to queue in the post office or banks to buy the units. However, recently the market is so bad, there is not many people actually queuing for these funds. In old days, 1 billions unit of ASW2020 can be sold out within half an hour countrywide. If you’re interested to have it, just go to the said banks to grab it.