tag:blogger.com,1999:blog-8341107200883178928.post6448201801892289504..comments2024-03-18T13:17:27.834+08:00Comments on Kwong Fei's Blog: Sukuk 1 Malaysia (S1M) with 5% per annum profitsKwOnG FeIhttp://www.blogger.com/profile/13798593258896811519noreply@blogger.comBlogger29125tag:blogger.com,1999:blog-8341107200883178928.post-72397898877336979282012-04-29T00:24:56.180+08:002012-04-29T00:24:56.180+08:00hello, Kwong..this S1M still available?? coz i pla...hello, Kwong..this S1M still available?? coz i plan to take out all the money from the gold investment account n invest here..mikenoreply@blogger.comtag:blogger.com,1999:blog-8341107200883178928.post-69595086218159976632010-08-31T21:23:28.322+08:002010-08-31T21:23:28.322+08:00@anonymous: in my humble opinion, things will not ...@anonymous: in my humble opinion, things will not change even if the opposition took over..the funds from sukuk are 'said' for investmnet which involved agreement and so on. even if the government decided to stop the sukuk, our capital will be still returned just day the tenure 3 years are shortened.<br /><br />@akagugo: erm.. not to extent of contributing.. as usually if we contribute we dont get rewards..<br /><br />actually, it sort like the government is running out of budget or negative income compared to the yearly budget. When economic crisis occur or ppl said 'for political purposes funding', the govern needs extra money but how to get the extra money? So, it is like lending the ppl money for investment just like fixed deposit in banks. Since it is issued by government, it is more secure way and has higher rates compared to FD.<br /><br />Amanah Saham 1 M is handled by PNB or sort of well established company in doing such unit trust etc whereas SUKUK is by Bank Negara which has less expertise on this field. <br /><br />Of course, AS1M handled by professional will earn more money as they have diversified investments compared to SUKUK which is seemed for investment of much narrow and smaller scale.KwOnG FeIhttps://www.blogger.com/profile/13798593258896811519noreply@blogger.comtag:blogger.com,1999:blog-8341107200883178928.post-78606421175546476012010-08-27T14:51:59.601+08:002010-08-27T14:51:59.601+08:00And another question, if you don't mind: how i...And another question, if you don't mind: how is it different from "Amanah Saham 1 Malaysia"?akagugohttps://www.blogger.com/profile/14624947179797593178noreply@blogger.comtag:blogger.com,1999:blog-8341107200883178928.post-16919065038179094722010-08-26T21:03:24.164+08:002010-08-26T21:03:24.164+08:00Greetings Mr Kwong Fei!
From what I gather from th...Greetings Mr Kwong Fei!<br />From what I gather from this post, is that instead of raising money (is it for funding its projects?) by taxing the people heavily, the government asks the same people to contribute to their own country's development, and motivating them by waiving taxes on their profits derived from sukuk and allowing them to withdraw at any time. Wow! I wonder why our country (Mauritius) has still not understood that...akagugohttps://www.blogger.com/profile/14624947179797593178noreply@blogger.comtag:blogger.com,1999:blog-8341107200883178928.post-32803513660472347202010-08-24T11:57:09.327+08:002010-08-24T11:57:09.327+08:00i wonder if there is any changes to the govt ie. o...i wonder if there is any changes to the govt ie. opposition takes over the centre govt. will it has any effects on these kind of sukuk ? will it still guarantee on the capital invested ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8341107200883178928.post-15945331432787751722010-07-16T13:14:32.541+08:002010-07-16T13:14:32.541+08:00Finally, I received the confirmation letter from M...Finally, I received the confirmation letter from Maybank ..<br />about one month from the date they promised to send to us..KwOnG FeIhttps://www.blogger.com/profile/13798593258896811519noreply@blogger.comtag:blogger.com,1999:blog-8341107200883178928.post-24470180300050999182010-07-15T16:57:32.103+08:002010-07-15T16:57:32.103+08:00I also purchased thru HLBB but still not received ...I also purchased thru HLBB but still not received yet....:(Unknownhttps://www.blogger.com/profile/08934452350147219265noreply@blogger.comtag:blogger.com,1999:blog-8341107200883178928.post-494789813939199422010-07-14T00:27:23.046+08:002010-07-14T00:27:23.046+08:00my mum who purchased thru Hong Leong Bank had just...my mum who purchased thru Hong Leong Bank had just received the letter maybe around 12 July but the date of the letter is 1 july confirming the full amount of subscription.<br /><br />i' waiting mine from Maybank..KwOnG FeIhttps://www.blogger.com/profile/13798593258896811519noreply@blogger.comtag:blogger.com,1999:blog-8341107200883178928.post-66810841009872351252010-07-13T14:07:04.289+08:002010-07-13T14:07:04.289+08:00@anonymous: thanks for d info..
i am yet to go to ...@anonymous: thanks for d info..<br />i am yet to go to the bank and check..<br />but my bank statement no addition of money so i think i will be able to get full amount since the subscription is less than expected..<br /><br />oh, they extended to 15 Jun, maybe the letter get delayed becoz of this..<br />actually, my friend working in bank told me that at end of Jun, the bank are very busy because they need to close or deal with a lot of accounts half year<br /><br />so,now will be waiting for d letter...KwOnG FeIhttps://www.blogger.com/profile/13798593258896811519noreply@blogger.comtag:blogger.com,1999:blog-8341107200883178928.post-42654505687446264812010-07-13T09:07:19.072+08:002010-07-13T09:07:19.072+08:00I have received the letter from the agent bank yes...I have received the letter from the agent bank yesterday..Due to not much ppl subscribe S1M, they actually extend the subscription till 15 Jun..I subsribe on 14 Jun, 50k, got allocated full amount..Aiyoh, now rakyat no money already..All take the money either buy hse or already deposit in Amanah Saham/Sukuk..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8341107200883178928.post-1205098002879957322010-07-07T19:58:08.422+08:002010-07-07T19:58:08.422+08:00hey readers..
i also din get the confirmation lett...hey readers..<br />i also din get the confirmation letter..<br />my friend told me we need to check with the agent bank we went to purchase..<br />ar.. CRAP..<br />they told us Bank Negara going to issue us letter and now is different case..<br />yet to check.. need time to go to the bankKwOnG FeIhttps://www.blogger.com/profile/13798593258896811519noreply@blogger.comtag:blogger.com,1999:blog-8341107200883178928.post-69660432186069598352010-06-27T04:28:25.086+08:002010-06-27T04:28:25.086+08:00i also haven't leh so worry about it,so sian.i also haven't leh so worry about it,so sian.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8341107200883178928.post-73766647590265037912010-06-26T17:54:31.134+08:002010-06-26T17:54:31.134+08:00hey..have u got your confirmation letter? i haven&...hey..have u got your confirmation letter? i haven't receive mine..but bank account is not deposited back my money.. :(minasannoreply@blogger.comtag:blogger.com,1999:blog-8341107200883178928.post-72672645025659723442010-06-08T09:37:19.618+08:002010-06-08T09:37:19.618+08:00Oh I have forgotten to ask you all to try their ic...Oh I have forgotten to ask you all to try their ice lemon tea that I and my family consider first class ($3.50). Very very syok lah. The tea leaf is the English breakfast tea known as Sabah tea. Can get from our hypermarket but a little bit more costly than local brand.<br /><br />Mr S.H.TanSchubert Tanhttps://www.blogger.com/profile/18242300217988085769noreply@blogger.comtag:blogger.com,1999:blog-8341107200883178928.post-66741675310114069552010-06-08T00:30:52.092+08:002010-06-08T00:30:52.092+08:00The ice lemon tea is not too sour but it taste lik...The ice lemon tea is not too sour but it taste like lemon add into our normal coffeeshop ice tea ( Suet Char that cost 40 cents/glass). They should use better quality tea.<br /><br />OK. I recommend you and your friends to try a Kopitiam that sells nice white coffee hot($2.00)/cold($2.30), nice roti bakar butter&kaya($2.00) and delicious Udon mee sotong($6.90 or $7.90). Cannot remember the price cos too delicious to eat!!<br /><br /><br />The name of the shop is Kopitiam, located directly opposite Tesco Puchong, on Jalan Bandar 1 of Pusat Bandar Puchong and next to a seven eleven shop. Try and tell me if I'm correct. Its cheap plus tasty. Comes with 5% service tax.<br /><br />Mr S.H.TanAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8341107200883178928.post-47248191403859058482010-06-07T13:29:29.319+08:002010-06-07T13:29:29.319+08:00@MR S. H. Tan:
The 5% confirmed guaranteed. No wo...@MR S. H. Tan:<br /><br />The 5% confirmed guaranteed. No worry. Capital should be guaranteed too just that the terms capital guaranteed required some specifications which I had written in AS1M post.<br /><br />I am not aware about the 8 Billion thingy but I know the government spent a lot in buying armors, planes, submarine etc. <br /><br />@ anonymous as well:<br /><br />It is true and very obvious why these SUKUK is issued. For example, last year itself, PM Najib have announced the economic boost or injection (i forgot the correct term) of billions of ringgit. Where does this money come from when the allocation in the yearly nation's budget is fully utilised? <br /><br />Now the next examples are just my opinions (without evidence). Where does the BN governemnt find the money for the byelection namely Hulu Selangor and Sibu. Huge amount of money are promised when as we know the government lack of fund. So. 'probably' these sukuk is to channelled to there. <br /><br />I also believed the investment from ASM for example do give a higher return from reported. As what @anonymous said, perhaps, the addition return were funded to give the 5% sukuk. <br /><br />It is also true that the more such funds or investment are created, it means the country need money because of too much spending unnecessary. <br /><br />Well, as a normal citizen, what can we do? We know d fact but that is the fact that cannot be changed. <br /><br />Thus, whatever it is, seem they are offering good investment returns to us, why think more. Just invest 'la'. <br /><br />I agreed that some may not showing support knowing the true fact. However, in my views, if you dun invest, there will be many people out thr will. <br /><br />So, support or not support is truly depends on your judgement.<br /><br />As for me , I dun really care much. So long they give back good return and my capital, then OK~<br /><br />Cheers~<br /><br />@Mr S. H. Tan: yea that place fish head mee is awesome!<br /><br />To my surprise, I thought the ice lemon tea on the day I visited was because some imperfection in making it only on dat day. When you mentioned it, it seems to suggest that we should not order the ice lemont ea next time. HAHAH.. if not mistaken, it is too sour.KwOnG FeIhttps://www.blogger.com/profile/13798593258896811519noreply@blogger.comtag:blogger.com,1999:blog-8341107200883178928.post-77182501533153518942010-06-07T02:11:02.000+08:002010-06-07T02:11:02.000+08:00ever wonder why there is more and more this kind o...ever wonder why there is more and more this kind of...bond from Gov?<br />Want us to safe more?Well, maybe...but I personally don't think that is the main reason.<br />I think is because they dont have money.<br />Remember we had a few diff types of Amanah Saham bonds and some...others sukuk from Gov?Well, the way I look at it, is they need to create more and more this kind of bond to pay back the so called "return investment (whether is 5% or x%)" to those older sukuk.<br />So the more people getting this, the more money those 'top' people can get some* money out of it, at the same time, it pay back some of the older investor on older bonds. What happen when lesser people invest on the latest bond? hehe, that's where more Gov bond will be created and...those so called subsidy will be remove lor (hike in toll, gas, elec, etc, insert_others_here). <br />Then shall we support it? Hmm, depends on ... each of us...what we think lor. :) <br />Cheers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8341107200883178928.post-14256053077808769402010-06-06T05:12:29.287+08:002010-06-06T05:12:29.287+08:00Oh btw, my family & I have just tried your rec...Oh btw, my family & I have just tried your recommended makan place in Kuchai i.e Ah Soon Fish Head Mee & we as a family agrees it is really nice but the ice lemon tea is "out" a little.<br /><br />Will explore your other recommendation and perhaps leave a line or two in the future.<br /><br />Mr S.H.TanSchubert Tanhttps://www.blogger.com/profile/18242300217988085769noreply@blogger.comtag:blogger.com,1999:blog-8341107200883178928.post-33954047841972581752010-06-06T05:04:11.310+08:002010-06-06T05:04:11.310+08:00What you have said about S1M is correct as I have ...What you have said about S1M is correct as I have read from the govt website.<br /><br />Nowadays we believe in black & white only and not what is written in website as it involves alot of money, in this case 3 billions of public fund. Look what happened in America and Grecce. In America the investing public got conned by the professional fund managers. Many of my friends cancelled their FD to buy S1M. They lost the interests and hopefully they get the 5% and their capital guaranteed.<br /><br />I have invested as well and now I'm also a little worried as our govt keep on spending money that they dont seem to have. They borrow here and spend there. Sometime is even worse. They spent on unneccessary. Have you heard about RM8 billions on 256 new armoured vechicles for MINDEF as reported by Tony Pua? Each of these non combat vehicles is priced at RM31.1 million whereas the best in class M1Abrams M1A2 deployed in Iraq cost only US6.1 million or RM19.7 million.<br /><br />I trully worried as we have worked our entire life and we just cannot afford to take any risk with our life savings.<br /><br />Anyway, nice talking to you.<br />- Mr S.H.TanAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8341107200883178928.post-41452425725652458482010-06-02T14:25:27.719+08:002010-06-02T14:25:27.719+08:00hie anonymous,
1. The 5% returns is fully guarant...hie anonymous,<br /><br />1. The 5% returns is fully guaranteed. Though in the information print out did not state the word capital guaranteed, it have one statement to justify the capital guaranteed.<br /><br />*At maturity (on 21 June 2013), the final proceeds (S1M 2010 holding plus the last profit payment) will be automatically credited into the S1M 2010 holder's deposit account maintained with the agent bank.* <br /><br />2. You are right. AS1M is not capital guaranteed. Should the investment failed, you may get negative income. However, think of the bright side. So far, none to my knowledge that ASNB investment had failed to give returns to the investors. For the dividends, it did not state guaranteed too. However, the ASNB already predicted dividend at least 3.7 % and above. Perhaps, for more clarification, check out my detailed post at http://kwongfeimind.blogspot.com/2009/08/camping-for-amanah-saham-1-malaysia-5.html.<br /><br />3. Actually, you can get more information from BNM at http://www.bnm.gov.my/index.php?ch=255&pg=816&ac=837. This is the print out which was exactly the same as those distributed to local banks. (my friend works in a bank) Actually, I would say the information or shall I considered it prospectus is way better than ASNB. For ASNB investment, such information are not available in the website but only distributed to the local banks. At some places, you may get a simplified print out of the prospectus whereas at some places, you get none and have no choice to only get info from ASNB hotline. Perhaps, i would say lack of promotion and publicity that public do not aware of the website as compared to ASNB website.KwOnG FeIhttps://www.blogger.com/profile/13798593258896811519noreply@blogger.comtag:blogger.com,1999:blog-8341107200883178928.post-8009819169032761572010-06-02T03:38:58.481+08:002010-06-02T03:38:58.481+08:00Kwong Fei,
Is the 5% returns and capital 100% ful...Kwong Fei,<br /><br />Is the 5% returns and capital 100% fully guranteed and protected?<br /><br />I read the prospectus of Amnah Saham 1Malaysia and if my memory is correct, there is no capital and divident gurantee.<br /><br />Lastly, there is no prospectus from treasury or Bank Negara on Sukuk 1Malaysia.<br /><br />Pls shed some light.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8341107200883178928.post-28110235832448533552010-06-01T14:32:01.259+08:002010-06-01T14:32:01.259+08:00@kampunginvestor: yup.. agreed. but i am not a wor...@kampunginvestor: yup.. agreed. but i am not a working person now.. still considered a student so left with not much choices.<br /><br />if u happen to drop by again, how about foreign FD? any ideas? my friend is encouraging me to buy that but of course in near future not nw..KwOnG FeIhttps://www.blogger.com/profile/13798593258896811519noreply@blogger.comtag:blogger.com,1999:blog-8341107200883178928.post-11020524847672879752010-06-01T12:08:35.777+08:002010-06-01T12:08:35.777+08:00A very well detailed explanation. I agree with Ala...A very well detailed explanation. I agree with Alan Tan that if we are young we shouldn't waste time on such investment tools that gives low returns. ^^<br /><br />We should be more Gung Ho but if you don't know what to do yet with your extra money or don't have any plans for further investments, then just park your money in there is a wiser step rather then putting it into the FD.<br /><br />Just my 2cents! ^^kampunginvestorhttp://www.kampunginvestor.comnoreply@blogger.comtag:blogger.com,1999:blog-8341107200883178928.post-66066281178598266652010-05-28T16:20:55.303+08:002010-05-28T16:20:55.303+08:00@kenwooi: haha.. try learn step by step
@alantanb...@kenwooi: haha.. try learn step by step<br /><br />@alantanblog: yea..you're right but i am too young now that I don't have the capital.. thus, will be stick to FD alike investment plan.<br /><br />@Nana: haha.. good~<br /><br />@Anonymous: exactly.. depends on one needs and wants .. thr r too many out thr.. if want a safe and ok earning, then go for sukuk<br /><br />@xjion89: haha.. do i look like finance ppl? Hmm i would say if ur capital nt high u can go for it.. eg putting 50K in sukuk and puyttng 50 K in FD..,. you earn way better in sukukKwOnG FeIhttps://www.blogger.com/profile/13798593258896811519noreply@blogger.comtag:blogger.com,1999:blog-8341107200883178928.post-68332451096460419382010-05-27T21:51:11.787+08:002010-05-27T21:51:11.787+08:00hahaha, u r taking finance gah?~~~
a good investme...hahaha, u r taking finance gah?~~~<br />a good investment?^^~~~I AM A BLOGGERhttps://www.blogger.com/profile/14931296109258149088noreply@blogger.com