ASN Dividend Payout At 6%

Amanah Saham Nasional Berhad (ASNB) today announced an income distribution of 6 cents per unit for Amanah Saham Nasional (ASN) scheme for the financial year ending Dec 31, 2010. This year's income distribution was 0.80 sen higher from the 5.20 sen per unit declared in 2009. 

The income distribution would involve a total payment of RM89.88 million compared with the RM81.52 million paid last year. PNB chairman told reporters that ASN's performance for the year ending Dec 31, 2010 was generally better than last year in line with the encouraging performance of the country’s economy and the stock market.

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Rough Ride Ahead For Rubber Glove Makers?

Rubber prices climbed to a record high on last week, putting more pressure on the margins of rubber glove manufacturers, which are already grappling with oversupply and normalising demand issues. 

May 2011 delivery contract for the commodity traded on the Tokyo Commodity Exchange rose to RM15.48 per kg on last week. Tyre-grade SMR 20 rubber traded in Malaysia rose to RM14.81 per kg while the price of latex increased to RM9.79 per kg.

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Merry Christmas and Happy New Year!

It's Christmas! What a fruitful 2010 year for KLSE and investors. May this Christmas be bright and cheerful and may the New Year begin on a prosperous note! Well, perhaps prosperous not only in investment return, but also family, friendships, relationship and career. 

The old man says: "Thinking leads to action, action leads to success, success leads to happiness." For those who succeed in KLSE for the time being, congratulations. For those who fails, try again and never give up. Happiness should be the ultimate goal we are looking for isn't it?

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Local REIT Yields Expected To Fall in 2011?

The yields of Malaysian Real Estate Investment Trusts (REITS) are expected to come down next year in view of the surplus in office buildings with the completion of new projects. The yield, which is also known as return on investment in properties, is derived by dividing rental with property value. 


President of the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector, Malaysia, Choy Yue Kwong, said while the surplus in office buildings is expected if more developers receive the nod to build, there are very few premium-grade 'A' buildings. 

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