KUALA LUMPUR: Permodalan Nasional Bhd (PNB) group chairman Tan Sri Abdul Wahid Omar said the restructuring of the group’s main investment companies helped the fund to outperform the broader stock market.
The 7.1% increase in net income to RM15.4bil during the first 11-month of the year allowed PNB to boost returns for its flagship funds Amanah Saham Bumiputera (ASB) to a three year high.
“The growth was driven by stronger-than-expected economic growth and the successful implementation of PNB’s strategic plan,” Wahid told reporters at a briefing on Friday.
Assets under management at PNB swelled to a new high of RM276.5bil in the first 11 months of this year.
Wahid expects the fund’s size to end the year at about RM279bil with the completion of the sale of an office building in Brisbane, Australia.
“It has been an impactful year for us at PNB and I am happy that we are able to announce a higher income distribution for ASB unitholders today, including a special bonus,” he said.
“Despite a softer local market in the second half of the year, the majority of PNB’s strategic and core companies outperformed the KLCI,” he added.
The top performer for the fund was Malayan Banking Bhd , in which the fund has a 48% stake. The bank’s market value has risen 19% so far this year, hovering at RM101bil.
Sime Darby is up 4.7% year-to-date.
PNB will distribute 8.25 sen a unit for ASB for the year ending Dec 31, 2017, comprising a dividend of seven sen a unit, a bonus of 0.25 sen a unit and a special bonus of one sen a unit for up to 10,000 units.
The total distribution of RM10.7bil will benefit 9.1 million unitholders. The majority, numbering 7.5 million, will get an effective return of 8.25 sen.
Wahid also announced the payout of 3.65 sen a unit for its ASN, its first variable-price fund. This translates to a yield of 5%, contributing to a year-to-date total return of 15% as at Dec 21, 2017.
The transactions for ASB and ASN have been suspended from Dec 20 and will resume on Jan 2, 2018.
KUALA LUMPUR: Permodalan Nasional Bhd (PNB)'s wholly-owned subsidiary, Amanah Saham Nasional Bhd (ASNB) declares an income distribution of seven sen per unit and a bonus of 0.25sen per unit for its flagship fund, Amanah Saham Bumiputera (ASB) which will be paid out on 2nd January 2018.
The group also announced an additional bonus of one sen a unit in line with Special PNB 40th Anniversary Bonus, for the first 10,000 units for ASB, to be paid out on 1st March 2018.
The dividend is paid out of ASB’s net income whilst the bonus and special anniversary bonus are paid out of PNB’s proprietary funds at its discretion.
PNB will then collectively pay out a total distribution of RM10.7 billion for the financial year ending 31 December 2017, which would benefit 9.1 million unit holders who own over 145.6 billion units in ASB.
“The majority of unit holders, numbering some 7.5 million balances up to 10,000 units will get an effective return of 8.25 sen,” said PNB group chairman, Tan Sri Abdul Wahid Omar at the group’d results announcement here, this morning.
“This income distribution represents a premium of 4.85 per centage points over ASB’s benchmark, which is the average three-months KLIBOR of 3.4 per cent as ASB recorded a net income of RM8.91 billion, as of at 30 November. This is on the back of Malaysia's strong economic growth which is on track for a full year gross domestic product (GDP) growth of 5.8 per cent and the successful implementation of PNB’s STRIVE-15 strategic plan to date.
PNB also announced an income distribution of 3.65 sen a unit for its first variable-price fund, Amanah Saham Nasional (ASN), which translates to a dividend yield of five per cent and contributing year-to-date total return of 15 per cent as at 21 December 2017.
The total income distribution of RM69.4 million will benefit 1.2 million unit holders with 1.9 billion units in the fund.
The group's total assets under management (AUM) grew to RM276.5 billion by November this year, representing an increase of 4.6 per cent year-on-year.
Permodalan Nasional Bhd (PNB) has declared an income distribution for Amanah Saham Bumiputera (ASB) comprising a dividend of seven sen a unit with a bonus of 0.25 sen a unit and a special bonus of one sen a unit for the financial year ending December 2017.
PNB Chairman, Tan Sri Abdul Wahid Omar during the briefing on PNB’s 2017 fourth-quarter update said that 2017 was a good year for Malaysia and the strengthening of the Ringgit at 10 per cent as announced by Bank Negara Malaysia (BNM) yesterday also helped.
He said that the seven sen dividend and 0.25 sen bonus distribution will be credited to unit holders’ accounts on January 2, 2018 while the additional one sen anniversary bonus in conjunction with PNB’s 40th anniversary will be credited for balances of up to 10,000 units in March 2018.
With the total amount of dividend of 8.25 sen, RM10.7 billion will be distributed to 9.1 million ASB account holders who have more than 145.6 units.
Abdul Wahid made the announcement at Menara PNB, and also present were the President and PNB Group Chief Executive Officer, Datuk Abdul Rahman Ahmad.
In 2016, the dividend recorded was 6.75 sen with a 0.50 sen bonus.
“For the first variable-priced unit trust funds, Amanah Saham Nasional (ASN), ASNB has announced an income distribution of 3.65 sen per unit, that translates to a dividend yield of five per cent and contributing to year-to-date total return on 15 per cent as at December 21, 2017.
“A total income distribution of RM69.4 million will benefit 1.2 million unit holders with 1.9 billion units in the fund. The stronger performance is in line with PNB’s focus to give a balanced return through equity investment and fixed income.
“It is also in line with PNB’s strategy to generate total revenue to unit holders for the variable-priced fund,” PNB said in the statement to the media.
Abdul Wahid also announced PNB’s assets under management (AUM) to be RM276.5 billion as of November 2017.
The total amounts to a 4.6 per cent increase compared to the same period last year while PNB’s net income grew 7.1 per cent to RM15.4 billion – parallel to the performance of the local burse and economy as a whole.
-mD
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) mengumumkan agihan pendapatan untuk Amanah Saham Bumiputera (ASB), dengan bayaran dividen tujuh sen seunit, bonus 0.25 sen seunit.
Malah ia juga mengumumkan bonus khas satu sen seunit ke atas baki sehingga 10,000 unit sempena Ulang Tahun ke-40nya pada Mac 2018.
Agihan pendapatan itu adalah bagi tahun kewangan berakhir 31 Disember 2017.
"Unit yang dilaburkan semula daripada dividen dan bonus, akan dikreditkan ke akaun pemegang unit pada 1 Jan 2018, manakala bonus ulang tahun istimewa akan dikreditkan pada 1 Mac 2018," kata Pengerusi Kumpulan Permodalan Nasional Bhd (PNB) Tan Sri Abdul Wahid Omar.
Beliau berkata demikian pada taklimat media mengenai maklumat terkini suku tahun keempat PNB 2017, di sini Jumaat.
Bagi Amanah Saham Nasional (ASN), Abdul Wahid berkata, ASNB mengumumkan pengagihan pendapatan sebanyak 3.65 sen seunit bagi tahun kewangan berakhir 31 Disember 2017.- BERNAMA
