Wednesday, July 25, 2007


27th of July is the day that i get the 1st credit card which is from Maybank. It takes about 3 weeks to proccess. As a normal human, they need to prepare something when applying the credit card but fortunately i no need to prepare anything since my salary is bank in to Maybank. As long as ur monthly income exceed or equal to Rm1500 then will do. So, the bank officer just need to photostat my identity card for pre-approve only.

As i know, maybank credit card have 2 types for normal level user which are Maybank Visa Wave and Visa Flex. Do you know how to differentiate between each other?

Maybank Visa Wave which is the one that i personally own currently, it will waived you 2 years only means that there will no have annual fees for 1st 2 year. But i heard my seniors who are my work colleague said that you must call them after 2 year if they did not make any call to ask you whether wanna continue the credit card service or not. The another type is Visa Flex, it will waived you forever but u must maintain at least 2 transaction per month.

Age requirement:
As a principal cardholder, you must be aged between 21 to 65 (inclusive).
As a supplementary cardholder, you must be at least 18 years old.

Income requirement:

Thursday, July 19, 2007

500 Million Additional Units for ASM

Amanah Saham Nasional Berhad (ASNB), a wholly-owned subsidiary of Permodalan Nasional Berhad (PNB) is offering 500 million new units of Amanah Saham Malaysia (ASM) to be opened for subscription on Wednesday, 18 July 2007.

The offer will commence concurrently at all ASNB Offices and agents branches at 9.30am nationwide, including Sabah and Sarawak.

To ensure a fair distribution to the investing public, a maximum investment limit of 50,000 units has been set per accountholder during the offer period from July 18, 2007, until 24 July, 2007.

ASM is a fixed price unit trust fund and opened to all Malaysians aged 6 months old and above.
PNB President and Group Chief Executive Tan Sri Dato Hamad Kama Piah Che Othman said the additional units was aimed at new investors who had missed out on the earlier opportunity and existing investors who seek to top up their investments.

In line with the upcoming 50th Merdeka Celebration, PNB would like to present all Malaysians with an opportunity that will allow them to share with the nations prosperity, he said during a press conference in Kuala Lumpur on Friday, 13 July 2007.

ASM was launched on 20 April 2000 with a fund size of 2 billion units which was fully subscribed in 21 days. This is the fourth time that ASM has offered new units for subscription and the response has so far been overwhelming.

Last year 1 billion units of ASM were fully subscribed in less than 2 hours and another 1 billion units were fully subscribed within one day when the new units were opened for subscription in March, 2007.

In the last seven years since its inception, the average annual income distribution declared by ASM is 7.02 sen per unit.

Wednesday, July 11, 2007

Public Mutual(Old System Vs New System)

There have been quite a few people got confused by the Public Mutual offer for the newly launched funds. Yes the calculation is slightly different now. So which calculation actually benefit the investors more ? The answer is...

*People who get used to previous system can refer to Case B.

Case A:Assume that investor would like to invest RM10k into PFEPRF during offer period excluding service charge which the NAV is RM0.25 and the service charge is 5.45%.

Service charge 5.45% = 0.0545

Total service charge = Effective Investment amount * Service charge
= RM10,000 * 0.0545
= RM545

Total payable amount = Investment amount in PFEPRF + Total service charge incurred
= RM10,000 + RM545
= RM10,545.00

Number of units = Effective Investment amount/NAV per unit
= RM10,000/RM0.25
= 40,000 units

Case B:
Investment RM10k inclusive of initial service charge(5.45%).

Effective investment amount = Total Paid Amount/(1+service charge)
= RM10,000/(1+0.0545)
= RM9483.17

Number of units = Effective investment amount/NAV per unit
= RM9483.17/RM0.25
= 37932.68 units

Effective investment amount = Total NAV
= NAV per unit * Number of units

Tuesday, July 10, 2007

Public Mutual Property and Resorts Fund

Public Bank’s wholly owned subsidiary, Public Mutual will be launching two new funds on 10 July 2007, which are
Public Far-East Property & Resorts Fund (PFEPRF) and Public Islamic Select Bond Fund(PISBF).

Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said PFEPRF is an equity fund that seeks to achieve capital growth over the medium- to long-term period by investing in companies that are principally engaged in property investment and development, hotel and resorts development and investment, and real estate investment trusts (REITs) in domestic and regional markets. The fund may also invest in companies, which have at least 70% of their assets comprising property or real estate assets. “Up to 80% of the fund’s net asset value (NAV) can be invested in selected regional markets which include Japan, Australia, Hong Kong, China, Singapore, Taiwan, Philippines, Thailand, New Zealand, Indonesia, South Korea and other approved markets. The equity exposure of PFEPRF will generally range from 75% to 90% of its NAV,” he continued.

He added that other than investing in REITS, PFEPRF could invest in stocks, which are involved in property investment and development, hotel & resorts development and investment. “This feature of the fund therefore offers investors the benefit of increased diversification and a broader range of investment assets,” he explained.

Launching at a NAV of RM0.25 per unit, PFEPRF is suitable for moderate investors who can expect extended periods of market highs and lows in pursuit of capital growth. During the 21-day initial offer period from 10 July 2007 to 30 July 2007, a promotional service charge of 5.45% of NAV per unit is levied upon the purchase of units of PFEPRF by investors. The minimum initial investment for the fund is RM1, 000 and the minimum additional investment is RM100. “PFEPRF will, on a best effort basis, distribute income annually to unit holders,” he said.

PISBF, on the other hand, is an Islamic bond fund that seeks to provide annual income through investments in Islamic debt securities, which have remaining maturities of 7 years and below, and Islamic money market instruments. “The fund may invest in foreign Islamic debt securities in Singapore, Japan, Hong Kong, Australia, United Kingdom and other approved markets,” he said.

PISBF will be launched at a NAV of RM1.00 per unit during the 21-day offer period from 10 July 2007 to 30 July 2007. A service charge of up to 0.25% of NAV per unit is levied upon the purchase of units of PISBF by investors. Its minimum initial investment is RM1, 000 and minimum additional investment is RM100.

The 19,000-strong Public Mutual unit trust consultants distribute both funds. Interested investors can contact any Public Mutual unit trust consultant or call its Customer Service Hotline at 03-6279 5252 for more details of the funds.

Public Mutual is the largest private unit trust company in Malaysia and it currently manages 45 funds for more than 1,000,000 accountholders. As at 29 June 2007, the total NAV of the funds managed by the company was RM22 billion.