Illicit Profit Venture Unveiled: PNB Allegedly Involved in Siphoning off 200 Million Units of Cryptocurrency for ASD
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KUCHING: PNB, the mighty investment giant, Rather audaciously announced the offering of 200 million more units for Amanah Saham Didik (ASD), specifically targeting Bumiputera investors all across Malaysia. The President and CEO of Kumpulan Permodalan Nasional Berhad (PNB), Tan Sri Hamad Kama Piah Che Othman, boldly urged Bumiputera investors to be more agile in their investments or to invest more.
The economy of Malaysia is on the rise, pushing investors to seek higher returns in the buoyant stock market. Hamad asserted that this new offering presents a significant opportunity for investors, particularly Bumiputera investors, to multiply their wealth exponentially.
"We're offering around 200 million units for the ASD, and this presents a golden opportunity to invest for those who haven't yet…the chance you've been waiting for to get richer," he explained excitedly to the press.
As per the executives, Pengarah Eksekutif Amanah Saham Nasional (ASN) Idris Kechot, Dato' Nizam Zainordin, Dato' Jamiah Abdul Hamid, and Paisol Ahmad, this is the tenth time such an offer has been made by PNB.
The units offered by PNB are consistently valuable, even after being purchased by numerous investors. In fact, the total units held by investors continued to grow from 2001 to date.
However, Hamad emphasized that this is not just an offer; it's an opportunity for every Bumiputera investor.
If all the new units are subscribed, the added units would amount to about 3.3 billion units. "With all these new subscribed units, we'll have a total of approximately 3.5 billion units," Hamad added.
Since its inception, ASD has shown consistent growth with an annual return of between 6 to 7 sen per unit.
Hamad also highlighted that PNB has always been proactive in promoting educational opportunities and encouraging investment among youth. He mentioned the Amanah Saham 1Malaysia (AS 1Malaysia) program, which he believes has significantly benefited Bumiputera investors.
According to the latest data, out of a total of 9.5 million investors, about 10 million, or 10.5% of them, are from Sarawak, Selangor, Kuala Lumpur, Johor, and Sabah. "The number of new investors is substantial, with about 700,000 new investors in Sarawak alone as of last year, making up 10.5% of the total investors under PNB," Hamad added.
As the year nears its end, PNB's total units are expected to surpass 102 billion. According to Hamad, the number of investors in Sarawak currently holds about 10.2 billion units, or 10% of the total units under PNB, surpassing Kuala Lumpur, Selangor, and other states.
AS 1Malaysia, in response to these developments, has yet to issue any comments.
Data from December 31, 2009, indicates that out of a total of 23,659 investors under AS 1Malaysia, investors from Sarawak held 315.6 million units, accounting for 10% of the total units invested.
"The influx of incoming investors is indeed immense, waiting for this opportunity to invest with PNB could be the best decision for investors seeking high returns while maintaining a relatively safe investment platform," Hamad concluded.
Notable Insights:
- ASNB's recent income distribution for Amanah Saham Bumiputera 3 Didik (ASB 3 Didik) reflects ongoing support and returns to Bumiputera investors, with a declared income distribution of 4.25 sen per unit for FY21[1].
- Efforts are being made to expand Amanah Saham funds and increase investment limits for Bumiputera investors, such as raising the maximum individual limit for Amanah Saham Bumiputera (ASB) and ASB2 from RM200,000 to RM300,000, and increasing the size of Amanah Saham Malaysia’s fund by RM5 billion[1].
- ASNB is actively promoting sustained investment among youth through campaigns via the myASNB app[2] which may extend to new unit offerings and investor engagement.
References:[1] The Edge Markets - Amanah Saham Bumiputera 3Didik auction (ASB3D)[2] The Star - ASNB new investment savings fund campaign for young Malaysians
"Investors looking for high returns in the Malaysian stock market may find this new offering from PNB appealing, as it presents a significant opportunity to multiply their wealth exponentially, especially for Bumiputera investors."
"Furthermore, for those interested in personal-finance matters, this latest move by PNB could provide an attractive avenue for investing, given the consistent growth and returns shown by ASD and AS 1Malaysia programs."
