KUALA LUMPUR – Amanah Saham Nasional Bhd (ASNB), a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB), today announced an income distribution of 6.45 sen per unit for Amanah Saham Nasional (ASN) for the financial year ending Dec 31, 2014, unchanged from last year’s income distribution.
PNB Chairman Tun Ahmad Sarji Abdul Hamid said the income distribution would involve a total payout of RM107.57 million and benefit 1.26 million unitholders who currently hold a combined 1.66 billion ASN units.
“As of Dec 22, ASN had recorded gross income of RM138.99 million,” he told a press conference after announcing the dividend distribution here today.
Meanwhile, PNB President and Chief Executive Officer Tan Sri Hamad Kama Piah Che Othman said ASNB was able to pay a dividend of 11.2 sen a unit but considering the downtrend in the stock market, the board decided on the 6.45 sen a unit distribution.
For the period from Dec 31 last year until Dec 22 this year, the FTSE Bursa Malaysia KLCI declined by 6.6 per cent.
The local stock market weakened due to lower commodity prices, especially for crude palm oil and crude oil, which declined sharply.
However, Hamad Kama Piah said the downtrend in the stock market could present an opportunity for its fund managers to develop new and effective strategies to enhance the fund’s portfolio.
He said the decline in the stock market would enable fund managers to select stocks that fit the fund’s portfolio, as well as ensuring a steady and sustainable income.
“Investors in Malaysia, especially in unit trusts, normally choose fixed price unit trust funds, but for this year, the overall portfolio for the variable priced unit trust products ASN 2, ASN 3 and Amanah Saham Gemilang (ASG) has increased substantially.
“The ASN 2 portfolio jumped 381 per cent for 2014, ASN 3 surged 441 per cent while ASG rose 178 per cent, whereas fixed price unit trust products grew only between four to nine per cent,” he added. – BERNAMA