Amanah Saham Malaysia (ASM) is one of the fixed-priced funds offered by Amanah Saham Nasional Berhad (ASNB). Its latest dividend is paid on 1 April 2019. The amount is RM 0.055/unit. This translates to a rate of 5.5%.
Trend
The dividends of the previous four years were 6.6 cents (2015), 6.3 cents (2016), 6 cents (2017) and 6.25 cents (2018) respectively.
The dividend of 2019 (5.5 cents) represents the lowest amount in the history of this fund. This is also the first time that the dividend drops below 6 cents. The lowest dividend recorded previously was the 6 cents in year 2017.
Conclusion
Based on this performance, is ASM still a good investment? For the time being, I will say yes. My rationale is that this fixed-priced fund is almost risk-free and it is still hard to deposit money into the fund (at least for me as I frequently did not manage to increase my deposit). The yield is still better than most fixed deposits offered by banks. Although the dividend is low for this year, this is in line with the performance of Malaysia stock market last year. Nonetheless, if the dividend continues to drop in the future, maybe we should look for an alternative then.
Disclaimer: This article is for informational purposes only. It is not a recommendation to buy or to sell financial instruments nor an offer to buy or sell financial instruments.
Comments
Hi Leckas,
Thanks for your input!
Yes, due to its tax-free and almost risk free aspect, I will stay on too.
Leckas, do you mind doing some review about Sunway Reit?
Thank you in advance!
Regards,
Phang
Author
Hi, Phang.
Thanks for leaving this comment.
I can do a review on SUNREIT but you have to give me some time. Maybe in 2 – 4 weeks.
Hope it is not too long for you.
Author
Hi, Phang.
The SUNREIT review is posted already. You can click the link here.
Hi Leckas,
Thanks for your sharing!
Do you mind to do some sharing/ review about the recent year of funds performance: ASNB funds vs mutual funds like public mutual?
Thanks & regards,
Tan
Author
Hi, Tan.
Which public mutual funds that you have in mind? I can do a comparison between ASM and ASM 2 – Wawasan with one or two of your selected mutual funds.
1) ASM/ASM2/ASM3
2) – Eastpring fund like eastpring investment global leader my funds
– Affin Hwang fund like select Asia quantum fund
*just for some example only.
Author
Ok, noted. I will try and see what I can do. But I have to finish the SUNREIT review first.
Alright sure, thanks.
And thank you for your fast response. 🤗
Author
No problem. I will update here when I have posted the comparison. Thanks for your patience.
Author
Hi, Tan.
I have posted the comparison. You can access the article here.
I m a invester in asnm 1 malaysia what is d expected dividen will be this year. Tw m
Author
Hi, Jagjit.
The AS 1Malaysia is now rebranded as ASM3. Its financial year end is on 30 September. So, you will get your dividend in end of September or early October.
[This comment is removed as this blog does not allow blatant advertising.]
This year 2020 ASM.
After announcement wanna cry.ðŸ˜ðŸ˜ðŸ˜
Author
Hi， GL.
Ya. Agreed. But it is in line with the market condition. Sorry for the late reply. I did not notice your comment as it was sitting in the spam inbox.
Hi Leckas,
What do you think about recently ASM dividend? Year of 2020
Best Regards,
GL
Author
Hi, GL.
Sorry for the late reply. Just posted my thought here (Link).