Investment


DanaInfra Nasional BerhadDanaInfra Nasional Berhad is issuing second Retail Sukuk which will be listed and traded on Bursa Malaysia on 28th November 2013. The maiden Retail Sukuk raised RM300 million issued on Feb 8 this year recorded an over subscription rate of 1.61 times.

Size of the second DanaInfra Retail Sukuk is RM100 million with 15-year maturity date. The Sukuk is an infrastructure issuance to finance the capital expenditure and operating expenses in relation to the development of the MRT Project.

The profit rate for the second DanaInfra Retail Sukuk is 4.58 percent per year. Profit payment will be paid semi-annually and not taxable.

The table below is the key point of DanaInfra Retail Sukuk.

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Bonds RiskThe common misconception is that Bonds and Sukuk have little risk. This is not true. Just like any other financial instrument, they have certain inherent risks but these can be reduced by diversification across other asset classes:

  • Credit risk -also known as ‘issuer risk’ or ‘default risk’. Risk that the issuer may not be able to meet its obligations in terms of coupon payments or may not be able to pay the principal amount back to the bondholder at maturity. Government bonds are generally considered default-free, while corporate bond risk is measured by Rating Agencies.

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LTH

Recently, Lembaga Tabung Haji or Pilgrim Fund Board of Malaysia announced a Golden Jubilee bonus comprising 6.5 per cent annual dividend and 1.5 per cent special bonus for financial year ended 31st December 2012. This bring the total dividend and bonus to 8 percent, the highest since year 2000.

The dividend was 0.5 per cent higher than the 2011 rate, which was 6.0 per cent but there is no bonus announced in 2011.

Kindly refer to “Historical Tabung Haji Dividend Rate” page for previous year dividend.

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DanaInfra Nasional BerhadAs highlighted in September 2012 regarding Bond/Sukuk for Retail, DanaInfra Nasional Berhad will be the first issuer to the Exchange Traded Bond and Sukuk (ETBS). It will be listed and traded on Bursa Malaysia on 8th February 2013. This product is known as DanaInfra Retail Sukuk.

The size of DanaInfra Retail Sukuk is RM300 million with 10-year maturity date. The Sukuk is an infrastructure issuance to fund the initial tranche of the RM1.5bil for the first phase of the MRT Kajang to Sungai Buloh line.

The minimum profit rate for DanaInfra Retail Sukuk is 3.70 percent per year The final profit rate will be notified prior to listing date. Profit payment will be semi-annually and not taxable.

The table below is the key point of DanaInfra Retail Sukuk.

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I want to bring to your attention, Asia’s biggest investing event – Value Investing Summit 2013. More information can be found at Value Investing Summit 2013 webpage.

I’ve talked about this summit early this year in KL, and true enough, this summit is one to be at if you are interested in learning about value investing.

At last year’s summit, 6 Value stocks were being discussed at the event.. and true enough… 5 of the stock price shot up within the last 6 months – despite the flat, stagnation movement of the market.

You may want to look at the proof in the graph below.

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