MONEY FOR EVERYTHING

Public Mutual Sold More Than 2.5 Billion for 3 New Funds

noreply@blogger.com (Kak Ma) — Tue, 14 Aug 2007 06:29:00 +0000

KUALA LUMPUR 13 August 2007 – Public Bank’s wholly-owned subsidiary, Public Mutual announced that to date, more than RM2.5 billion worth of units of its Public China Select Fund (PCSF), Public Far-East Property & Resorts Fund (PFEPRF) and Public Islamic Asia Dividend Fund (PIADF) were sold.

Chief Executive Officer Yeoh Kim Hong said the demand for PCSF has been tremendous with more than RM1 billion (or more than 4 billion units) worth of units of its PCSF sold since it was launched in June 2007. The Company has recently increased the fund size of PCSF to 6.5 billion units to cater to the high demand of this fund. She explained that PCSF is an equity fund that seeks to achieve capital growth over the medium- to long-term period by investing in a portfolio of investments in the greater China region namely in Hong Kong, China and Taiwan markets and including China based companies listed on overseas markets. The fund is suitable for investors with aggressive risk-reward temperament.

At the same time, Public Mutual’s recently launched property and resorts fund, Public Far-East Property & Resorts Fund (PFEPRF) also received good response from the investors. To date, more than RM500 million (or more than 2 billion units) worth of units were sold. Launched on 10 July 2007, 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. This fund is suitable for investors with moderate risk-reward temperament.

The Company also announced that it has increased the fund size of its Public Islamic Asia Dividend Fund (PIADF), launched in April 2007, from the existing 5 billion units to 6.5 billion units. “The demand for this Shariah-based dividend fund is overwhelming. To date, more than RM1.12 billion (or more than 4.5 billion units) worth of PIADF units were sold,” Yeoh said. PIADF is a moderate-risk Islamic equity income fund that seeks to provide income by investing in a portfolio of stocks in domestic and regional markets that complies with Shariah requirements and which offer or have the potential to offer attractive dividend yields. The fund is suitable for investors with moderate risk-reward temperament who prefer to receive income while capital growth is secondary.

All these three funds are distributed by Public Mutual’s 20,000-strong unit trust consultants.
Public Mutual is the largest private unit trust company in Malaysia, and it manages 47 funds for more than 1,000,000 accountholders. As at 31 July 2007, the total NAV of the funds managed by the company was RM23 billion.

Source: Public Mutual

MALAYSIA MARKET COMMENTARY FOR 9 AUG 2007

noreply@blogger.com (Kak Ma) — Fri, 10 Aug 2007 02:42:00 +0000

Share prices opened sharply higher yesterday boosted by a rise on Wall Street. However, a string of news reports from Europe caused renewed concern about the impact of the subprime mortgage defaults in the U.S. The Composite Index closed 6.22 points higher to settle at 1313.39 after hitting an intra-day high of 1,324.68. Market breadth was mixed with losers outnumbered gainers by 498 to 428. Trading volume increased slightly to 1.23bn shares valued at RM1.78bn.

Plantation stocks made a comeback led by Golden Hope (+20 sen to RM8.20), KLK (+10 sen to RM12.80) and (+6 sen to RM2.74). Tong Herr surged 35 sen to RM5.85 following the release of a strong 2Q results which saw its net profit jumped by 30% qoq. Muhibbah advanced further to RM8.85, chalking up a gain of 60 sen on renewed buying interest. Magnum gained 17 sen to RM2.97 on prospects of higher dividend payments while Kump Perangsang rose 8 sen to RM2.59 on active trading. Other notable gainers were Hexagon (+30 sen to RM5.30), Gamuda (+25 sen to RM7.45) and EONCap (+20 sen to RM7.30).

Oil & gas stocks succumbed to profit-taking activities. Deleum fell 12 sen to RM4.40, PEnergy lost 10 sen to RM3.80 while Petra declined 7 sen to RM4.98.
The Asian markets closed steadily yesterday. The Shanghai Composite jumped 1.95% while the Nikkei Index advanced 0.83%. Other the other hand, the Jakarta Composite Index and the Hang Seng Index fell 0.94% and 0.43% respectively.

Source: JF Apex Securities Bhd

MALAYSIA MARKET COMMENTARY

noreply@blogger.com (Kak Ma) — Thu, 09 Aug 2007 00:54:00 +0000

Share prices rebounded yesterday after the Fed said that the US economy would probably ride out a housing slump and would continue to expand at a moderate pace. The Composite Index jumped 17.04 points to settle at 1307.17. Market breadth turned positive with gainers outnumbered losers by 850 to 101. However trading volume declined slightly to 1.19bn shares valued at RM1.98bn. The rebound was in line with the recovery in global equity markets. The Hang Seng and the Nikkei Indices surged 2.87% and 0.64% respectively, while the Shanghai Composite rose 0.26% to close at 4,663.16.
Among the gainers yesterday were heavyweights including Sime Darby which rebounded 60 sen to RM9.90 and Tenaga which put on 30 sen to RM10.90. Maybank and Genting also up 10 sen to RM11.90 and RM7.60 respectively. Buying interest on oil & gas stocks continued with SAAG (+40 sen to RM6.80), Petra (+25 sen to RM5.05) and Kencana (+15 sen to RM2.54) took the lead. Among the lower liners, K Perangsang staged a strong rebound of 29 sen to RM2.81, while Leader climbed 14½ sen to RM1.13.
Among the losers, Digi fell 30 sen to RM20.50 with support expected at RM20.00. Telekom eased 15 sen to RM9.95 as the stock continued to consolidate sideways within the range of RM9.70-11.00. IOI extended its losing streak, down 6 sen to RM4.92 but more bargain hunting activity is expected if the share price weakens further. KNM dropped 8 sen to RM4.64 with support now expected at RM4.50.

Source: JF Apex Securities Bhd ( 9 Aug 2007)

ADDITIONAL INVESTMENTS FOR MALAYSIANS

noreply@blogger.com (Kak Ma) — Wed, 08 Aug 2007 08:35:00 +0000

RM200 millions additional units of ASD (Amanah Saham Didik) are now available starting from July 9, 2007. I just have a conversation with one of the PNB's official that the additional units available right now is about RM70 milion. According to the official, ASD first launched in 2002. Since then the dividend yield as follows:
2002- 10%
2003-6.8%
2004-7%
2005-7.2%
2006-6.8%
2007-7%
(PNB announces dividend every year in June).
Malaysians (Bumi) with at least 6 month year old can register. ASB is much better coz it has both - dividend and bonus.

FREE DOWNLOADS

noreply@blogger.com (Kak Ma) — Wed, 08 Aug 2007 04:55:00 +0000

This book of guidance is a good starter for those (especially housewife) who intend to work at home or (small office home office). However this book is written in Malaysian Language. You can download it (its in PDF format) from the Ministry of Women, Family and Community Development website's. The book is divided into split pages. Click to get free downloads: http://www.kpwkm.gov.my

SPENDING WISELY

noreply@blogger.com (Kak Ma) — Wed, 08 Aug 2007 02:14:00 +0000

Budgeting is important for anybody no matter how much your income is. Firstly, you have to know where do you stand financially. Know your net-income. Remember, that every month we get our salary so never forget to list down all your EXPENDITURE. Total up all expenditure and then compare with your income. It is important to identify WHAT YOU WANT? The most FAQ "Where have my money gone?" If you realise that your living lifestyle exceed the limit of your income, better watch out. You should trim unnecessary expenses such as, spending on cigarette, (quit from smoking is much, much better, smoking is also bad for health) shopping for branded items and unnecessary things such as costume jewellery. Some people find it hard because they are overwhelmed by today's consumers culture, and lifestyle.

I also have gone into debt problem. Now I'm setting a goal that by middle of next year I'm gonna settle all my personal loans. For this year, I have manage to settle my credit card debt. So starting from March, I have save about RM1,000 per month in order to settle the personal loan. I got 2 personal loans from 2 different banking institutions, total=RM20k.At the end of the year I got another committment- housing loan. Thats another head-ache! So my goal is to settle the personal loan ASAP. Well life as an ordinary people, can't run away from debt.

SALE MANIA

noreply@blogger.com (Kak Ma) — Tue, 07 Aug 2007 04:15:00 +0000

Now we are in the mood of SALE event. I just came back from KL, so many offer and special discount available that I couldnt resist but however I manage to walk out of the store buying nothing! However, my two friends spent about RM300 each…Well, its worth buying if its really a “true” discount. Some people telling me that SALE and DISCOUNT is only a part and parcel of “dirty trick” by retailers…Discount doesn’t mean so…So watch shopping-habits, and try to spend your money wisely, especially for the government servant, they just got their increment this July, better save more than spend more.