Thursday, April 23, 2009

Hot Buy....ASM for Chinese gone in less than 2 days

Hmm...can you believe it? All 999 million units of Amanah Saham Malaysia (ASM) shares allotted to the Chinese have been snapped up, said Permodalan Nasional Bhd (PNB). Now talk about economy crisis, what crisis? Well, I should say people are getting more and more cautious about putting their money for investment, thus this opportuniy will provide them with a better and secure return of investment.

The allocation was part of the additional 3.33 billion units which went on sale on Monday.

PNB president and chief executive officer Tan Sri Hamad Kama Piah Che Othman said that as at 12.17pm yesterday, all the units allotted to the Chinese were bought while the Indians bought 53.5 million units, or 10.71% of the 499.5 million units set aside for them.

The bumiputras bought 7.65 million units, he said in a statement.

Well, in case you feel that this is a good opportunity and you have missed it, don't worry! Malaysians who missed the chance to invest in ASM would have another investment opportunity when two billion additional units of Amanah Saham Wawasan 2020 (ASW 2020) go on sale on Monday.

Fifty-one per cent of the units have been allocated to bumiputras and 49% to non-bumiputras, he said.

Investment is limited to 20,000 units per account holder, he said, adding that the limitation was to allow as many Malaysians as possible to invest in ASM and ASW 2020.

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