Standard & Poor’s recently issued a comprehensive report on Malaysia and make 25 stocks picks that they believe will outperform FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) in 2010.
This year, share prices are not as cheap as in early 2009 and the market will be more volatile. Standard & Poor’s however, maintain FBM KLCI target at 1,400 points in 2010 for an 11% return.
They believe the chosen stocks will be the best poised to benefit from the economic recovery and with relatively comfortable valuations to hold up against the increased volatility in the market. The managements of the chosen company also have a proven track records. Some of the chosen companies are also the dominant players in their fields.
Below is the 25 stocks that Standard & Poor’s pick for 2010.
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Falling into the family of indirect taxes, the GST is intended to replace the Malaysian service tax and sales tax. GST will be introduced gently and at a rate that would not burden the poor or the middle-class.
It is assumed that the Royal Malaysian Customs would be the authority in charge of administering the GST.
The GST, also known as a consumption tax, is a tax levied on supplies of goods and services. To the man on the street, it is incurred only when money is spent.
If no consumption occurs, no GST is suffered by the individual. This can be contrasted with an income tax which is payable when income is generated.
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Permodalan Nasional Berhad (PNB) through Amanah Saham Nasional Berhad, launched Amanah Saham Nasional 2 (ASN2) fund on the 9th of June 1999. The fund objective is to provide Unitholders with a reasonable dividend yield as well as capital appreciation at an acceptable level of risk through investments made in Malaysian equity securities.
ASN2 is a equity growth fund with unit price is based on Net Assets Value (NAV). On top of the declared dividend, there will be a potential of profits (or losses) due to movement of NAV. The allocated fund size is 2.5 billion units and it is open to all Malaysian Bumiputera. It is also eligible for EPF withdrawal.
The table below is the historical dividend rate since the fund was launched in 1999. However, the first dividend payment is made in 2000. This table is no longer maintained, for the latest dividend rate kindly refer to this page [continue reading…]
On 3rd February 2010, Tabung Haji announced that its depositors will received 5 percent dividend for the year of 2009. The dividend rate is similar to year 2008. The historical dividend rate for the past 12 years can be found here.
Tabung Haji paid 2.25 percent interim dividend in October 2009. The remaining 2.75 percent dividend will be paid to depositors on the 8th February 2010. If a comparison is made between the rate of returns of commercial banks for fixed deposits or savings, it is obvious that the Tabung Haji return is much better.
For Muslim, they are not require to pay tithe on the deposit amount. So the gross return is 7.5%, which is close to ASB, which pays 8.55 percent for year 2009.
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As per my post earlier regarding refund to the victims, if you one of them you have to act now in order to get at least part of your money that loss through swisscash investment scam. You have until 7pm, 10th February 2010 Malaysian time to submit your claim.
Big thanks to Securities Commission (SC) as they have been putting a lot of afford to ensure the victims at least get back some of their money. I hope the victims and other general public should learn the lesson and not to involve in scam investments.
As mentioned earlier PricewaterhouseCoopers Advisory Services is the administrator to manage the restoration process for eligible investors. They have setup the procedure on how to make the claim. Every claim must be using proper Statutory Declaration as to Proof of Claim Form.
Every submission should include the following:
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