http://forum.lowyat.net/ Sat, 20 Jun 2026 06:13:00 +0800 FeedCreator 1.7.2 http://forum.lowyat.net/topic/4635719 Item(s): Hotlink RM30 Share-A-Topup Credit<br /><br />Package includes: Hotlink Share-A-Topup Credit<br /><br />Price: RM24 for RM30 of credits, that is 20% discount off&#33;&#33;&#33; <br /><br /><br />Warranty: N/A<br /><br />Dealing method: Maybank2U/Public Bank/Cimb Bank<br /><br />Bank account will be provided to serious buyer only. After payment confirmed then credits will be transferred directly to your Hotlink prepaid mobile number provided.<br /><br />Location of seller: Within Malaysia<br /><br />Contact method/details: PM me or Reply at this post only.<br /><br />Age of item: N/A<br /><br />---<br /><br />Item(s) conditions: N/A<br /><br />Picture: N/A<br /><br />Reason for sale: Extra credit reloaded with low consumption just to make my line active. ohcipala Mobile Numbers &amp; Phone Cards Garage Sales Sat, 11 Aug 2018 15:21:26 +0800 http://forum.lowyat.net/topic/4201648 Can recommend any forwarding agent to ship my car from kuching to Port Klang? Thanks ohcipala Serious Kopitiam Mon, 20 Feb 2017 14:36:09 +0800 http://forum.lowyat.net/topic/3892713 <img src='http://www.fundsupermart.com.my/main/images/MY/en/header_fsm_logo.gif' border='0' alt='user posted image' /><br /><br /><i>Fundsupermart.com (FSM) Malaysia is the online unit trust distribution arm of iFAST Capital Sdn. Bhd. (&quot;iFAST Capital&quot;).<br /><br />iFAST Capital is a holder of a Capital Markets Services Licence (CMSL) and is licensed by the Securities Commission to conduct the following regulated activities:<br /><br />- To deal in unit trusts<br />- To offer investment advisory services<br />- To deal in Private Retirement Scheme<br /><br />iFAST Capital is also registered with the Federation of Investment Managers Malaysia (FiMM) as an Institutional Unit Trust Adviser (IUTA). <br /><br />iFAST Capital is a subsidiary of iFAST Malaysia Sdn. Bhd., which is wholly owned by iFAST Corporation Ltd. (&quot;iFAST Corporation&quot;). iFAST Corporation is headquartered in Singapore and the iFAST group of companies are also present in Hong Kong, Malaysia and China. The company was incorporated in Singapore on 10 January 2000. <br /><br />iFAST Corporation was listed on the Singapore Exchange Mainboard in December 2014. <br /><br />iFAST Corporation, via its wholly owned subsidiary iFAST Financial Pte. Ltd., is Singapore&#39;s leading online distributor of unit trusts as well as the leading operator of an investment platform for financial advisers and financial institutions. It carries the Capital Markets Services (CMS) and Financial Adviser (FA) licences issued by the Monetary Authority of Singapore (MAS), and is also one of three appointed Central Provident Board (CPF) Investment Administrators. <br /><br />One of iFAST Corporation&#39;s shareholders is SPH AsiaOne Ltd, the Internet arm of Singapore Press Holdings, which is Singapore&#39;s largest media group. In recent years, iFAST Corporation has been expanding beyond local shores. In 2007, iFAST Corporation launched its first overseas business, Fundsupermart in Hong Kong and in 2008, it launched Fundsupermart in Malaysia. iFAST Corporation launched its office in China in 2014. </i><br /><img src='http://www.fundsupermart.com.my/main/articleFiles/webarticles/569/MY/why.jpg' border='0' alt='user posted image' /><br /><br /><b>1. Wide range of information</b><br /><b>2. Extensive product range and value-added services</b><br /><b>3. One of the cheapest Sales Charges in town&#33;</b> <!--emo&:thumbs:--><img src='http://static.lowyat.net/style_emoticons/default/thumbup.gif' border='0' style='vertical-align:middle' alt='thumbup.gif' /><!--endemo--> <br />To keep discussions at this thread fruitful and constructive, it would be greatly appreciated that fellow investors try to look for answer to their queries at <a href='http://www.fundsupermart.com.my/main/faq/introduction.tpl' target='_blank'><b><span style='color:red'>Frequently Asked Questions</span></b></a> before posting here. <!--emo&:peace:--><img src='http://static.lowyat.net/style_emoticons/default/icon_rolleyes.gif' border='0' style='vertical-align:middle' alt='icon_rolleyes.gif' /><!--endemo--><br /><br />And FSM has a very helpful LIVE Customer Service, <b>MAKE FULL USE OF THEM</b>. Look for this at FSM home page:<br /><img src='http://www.fundsupermart.com.my/main/images/liveperson/en/reponline.gif' border='0' alt='user posted image' /><br /><br /><span style='font-size:14pt;line-height:100%'><b>What is unit trust?</b></span><br /><a href='http://www.fimm.com.my/investor/abc-of-unit-trusts/' target='_blank'><b>Federation of Investment Managers Malaysia</b> - ABC of Unit Trusts</a><br /><br /><u>Other FAQs on Fundsupermart.com and unit trust investing in general</u><br /><br /><b>1. NAV pricing and processing time</b><br /><!--SPOILER BEGIN--><div class="spoilertop" onClick="openClose('3214acf1293d269eaad7f13fe5c644ab')" style="font-weight: bold"><u>&raquo; Click to show Spoiler - click again to hide... &laquo;</u></div><div class="spoilermain" id="3214acf1293d269eaad7f13fe5c644ab" style="display:none"><!--SPOILER END-->Except for OSK-UOB Cash Management Fund, purchases for which payment is received by FSM before 3PM on a working day is transacted on the same day, i.e. you will purchase units based on NAV pricing of that day. However, NAV pricing for <i>most</i> funds will only be published by the Fund House after 5PM on the next working day (T+1).<br /><br />Purchases of funds at FSM will be fully processed at T+4, &quot;T&quot; being Transaction Date.<br />On T and T+1, your order will be under processing.<br />On T+2, FSM will price your order, your price transacted and no. of units purchased will be known.<br />On T+3, your priced order would be still &quot;floating&quot;.<br />On T+4, your order will be incorporated into your holdings summary, purchase order is therefore fully completed.<!--SPOILER DIV--></div><!--SPOILER DIV--><br /><br /><b>2. <i>The NAV price of the fund that I&#39;m interested in is quite high now, should I stay away? Investment gurus always say &quot;buy low, sell high&quot;...</i></b><br /><!--SPOILER BEGIN--><div class="spoilertop" onClick="openClose('f5017b663217d40f71edf28980c50587')" style="font-weight: bold"><u>&raquo; Click to show Spoiler - click again to hide... &laquo;</u></div><div class="spoilermain" id="f5017b663217d40f71edf28980c50587" style="display:none"><!--SPOILER END-->First of all, understand what is NAV price. I always like to explain things by using simple examples. Here goes...<br /><br />- Fund ABC issues 1 million units at Initial Offer Price of RM1.00 per unit.<br />- As such, at Day 1, NAV of ABC is 1 million units x RM1.00 = RM1 million. NAV price is RM1.00.<br />- After the end of the Initial Offer Period, ABC starts to operate, it starts to invest.<br />- Let&#39;s say ABC bought RM200,000 worth of Maybank shares, RM300,000 of Dutch Lady shares and RM500,000 of BAT shares.<br />- Let&#39;s say after 1 month,<br /><br /><u>Market value of holdings</u><br />Maybank RM180,000<br />Dutch Lady RM360,000<br />Guinness Anchor RM400,000<br /><span style='color:red'>BAT shares were sold off during the month</span><br /><b>Total value of equities held</b>: RM940,000<br />Cash: RM50,000 (dividends received from BAT)<br /><b>Total value of net assets</b> i.e. NAV: RM990,000<br />NAV price per unit: RM990,000 / 1 million units = RM0.9900<br /><br />Ah Beng says: &quot;<i>ABC is now cheaper, can buy&#33;</i>&quot;<br />Answer:<br />NO&#33; You cannot determine the &quot;cheapness&quot; of a fund by looking at its NAV price alone. We can only deduce that the ABC had made an NAV loss of 1% during the 1-month period, but you cannot say that it is &quot;cheap&quot;.<br />The fund could have bought Maybank when it was overpriced, and now its holdings of Maybank had gone down 10%. Maybank is now cheap&#33;<br />Guinness Anchor could be oversold, thus ABC sold its holdings of BAT and bought into Guinness Anchor. Another undervalued stock in ABC&#39;s holding&#33;<br />However, Dutch Lady have rallied 20% in the past 1 month, it could be overbought i.e. expensively valued now.<br /><br />Simply said, you determine the &quot;cheapness&quot; of a fund by reference to its underlying holdings. The NAV price <b>CANNOT</b> give you a single clue as to whether it is an opportune time to buy into a fund.<br /><br />Let&#39;s say u are looking at a fund which focuses on plantation stocks. Plantation stocks on the KLCI could be oversold, went down 20% in the past 1 month yet the fund only recorded an NAV loss of 5% in the same period. You might think, &quot;aiya, only -5%, the fund is still expensive, don&#39;t want buy in now lah&quot;. But you could be terribly wrong; it could be that the fund was sitting on a heavy cashpile during the past 1 month, hence it did not lose much. But plantation stocks are now trading at a discount, it is an opportune time for the fund to buy&#33;<br /><br />Of course, all this is based on the assumption that the fund manager is not stupid. <!--emo&:P--><img src='http://static.lowyat.net/style_emoticons/default/tongue.gif' border='0' style='vertical-align:middle' alt='tongue.gif' /><!--endemo--><br />If the fund manager still sits on its huge cashpile and refuses to enter the market, then later when plantation stocks rally up 30% the fund could still be sitting there with -5%/+5%. <!--emo&:lol:--><img src='http://static.lowyat.net/style_emoticons/default/laugh.gif' border='0' style='vertical-align:middle' alt='laugh.gif' /><!--endemo--> <!--SPOILER DIV--></div><!--SPOILER DIV--><br /><a href='http://www.fundsupermart.com.my/main/research/viewHTML.tpl?articleNo=5153' target='_blank'><b><span style='color:red'>FSM Idea Of The Week: Unit Split and High Fund Price Misconceptions</span></b> [24 October 2014]</a><br /><b>3. Common misconceptions about unit trust dividends/distributions:<br /><br />(i) <i>After dividend distribution, NAV price will go down, the fund will become cheaper.</i><br />(ii) <i>A fund that declares dividends is better than a fund that does not, dividends are my profit, they make me richer.</i></b><br /><!--SPOILER BEGIN--><div class="spoilertop" onClick="openClose('67428f99b3fabfed1ded0e89f4421dc0')" style="font-weight: bold"><u>&raquo; Click to show Spoiler - click again to hide... &laquo;</u></div><div class="spoilermain" id="67428f99b3fabfed1ded0e89f4421dc0" style="display:none"><!--SPOILER END-->Put it simply, dividend is just &quot;left hand go right hand&quot;; there is ZERO IMPACT to the investor&#39;s value of holdings.<br /><br />- Fund XYZ has 100,000 units issued, initially issued at RM1.00<br />- Current NAV price is RM1.02<br />- XYZ declares a &quot;10% dividend&quot; of 10 sen a unit<br />- After the dividend, the NAV will go down to RM0.92<br /><br />For sake of illustration, we assume that dividends are paid out in cash (not reinvested), and no tax on the distribution.<br /><br />Ali says: &quot;<i>Eh XYZ very good, gave me 10% returns...</i>&quot;<br />Answer:<br />WRONG&#33; The 10% is expressed by reference to the Initial Offer Price of RM1.00 (RM1.00 x 10% = 10 sen). It does not mean that the fund made a profit of 10% for investors. In this scenario, the fund actually only made a return of 2% (RM1.00 + 2% = RM1.02) during the period.<br /><br />Simply said, just imagine you pass me RM100 to invest in a trolley cart. 1 year later the trolley cart become worth RM92, and I collected rental income of RM10 on your behalf. The value of your investment is now RM102. I then decide to return 10% i.e. RM10 to you. So now u have a RM92 trolley cart and RM10 in cash on hand. The &quot;dividend&quot; that I decided to give you has <b>ZERO IMPACT</b> on the net worth of your investment, which remain at RM102.<br /><br />Here&#39;s another variation to the scenario above; your RM100 investment could actually have incurred a loss, and I <i>could</i> still decide to &quot;reward&quot; you with a 10% &quot;dividend&quot;. Let&#39;s say a wheel on your trolley was damaged, now your trolley is only worth RM60. The value of your investment is now RM60 + RM10 (rental income received in cash) = RM70. But I could still proudly say that I&#39;m declaring a 10% &quot;dividend&quot; to reward you <!--emo&:hehe:--><img src='http://static.lowyat.net/style_emoticons/default/brows.gif' border='0' style='vertical-align:middle' alt='brows.gif' /><!--endemo--> <br /><br /><b>Key Lesson Point</b><br />A unit trust fund <i>can</i> declare dividend even when it has actually made its investors@unitholders poorer. By regulation, a unti trust fund can only declare dividend out of its <u>REALISED INCOMES</u> (interest income, dividend income, net proceed from sale of investments, rental income etc). Gains from market price fluctuations are not realised, i.e. they&#39;re &quot;paper gain/(loss)&quot;. So, you could be having<br />(a) Fund A got realised incomes from which to declare dividends, even though during the same period it has huge paper losses.<br />(b) Fund B made lots of paper gains from market price movements, but it cannot/decided not to declare dividend to unitholders because of insufficient realised incomes. Bear in mind, some funds actually have a &quot;no dividend&quot; policy, and they are great performers. <!--emo&;)--><img src='http://static.lowyat.net/style_emoticons/default/wink.gif' border='0' style='vertical-align:middle' alt='wink.gif' /><!--endemo--> <!--SPOILER DIV--></div><!--SPOILER DIV--><br /><br /><b>(iii) <i>Topping up my holdings after dividend distribution pulls down my cost per unit, lower cost = higher profit.</i></b><br /><!--SPOILER BEGIN--><div class="spoilertop" onClick="openClose('9b2e9025c5e41de6e2600f24f47323f7')" style="font-weight: bold"><u>&raquo; Click to show Spoiler - click again to hide... &laquo;</u></div><div class="spoilermain" id="9b2e9025c5e41de6e2600f24f47323f7" style="display:none"><!--SPOILER END-->Just a simple example to illustrate, but that&#39;s essentially how it works...<br /><br /><span style='color:blue'>You hold 100 units at RM1.00 each. RM1.00 x 100 = RM100</span><br />Let&#39;s say you get 10 units extra from distribution. After distribution you hold 110 units at RM0.9091 each. RM0.9091 x 110 = RM100<br /><br />Now, let&#39;s assume <span style='color:red'>you top up RM10 after ex-date</span>,<br />RM10 / RM0.9091 = 11 units bought<br /><br />Value of your holdings now:<br />(110 + 11) x RM0.9091 = RM110<br /><br /><span style='color:blue'>Initial value: RM100</span><br /><span style='color:red'>Top up: RM10</span><br />Total: RM110<br /><br />Yes, topping up after distribution ex-date brings your unit cost down. <i>BUT AT THE SAME TIME</i> the <u>value per unit</u> i.e. NAV price also comes down - <b>IT MAKES NO DIFFERENCE</b> whether you top up before or after ex-date. Cost per unit in UT means little in isolation, the difference between cost per unit and NAV price multiplied by your units held is what matters.<!--SPOILER DIV--></div><!--SPOILER DIV--><br /><br /><b>(iv) <i>Distribution = Income</i></b><br /><br /><!--SPOILER BEGIN--><div class="spoilertop" onClick="openClose('33dd4bb78270e698fbe2eb84108390eb')" style="font-weight: bold"><u>&raquo; Click to show Spoiler - click again to hide... &laquo;</u></div><div class="spoilermain" id="33dd4bb78270e698fbe2eb84108390eb" style="display:none"><!--SPOILER END--><br />In such scenario, whether the fund makes distribution or not also you will gain&#33;<br /><br />To avoid confusion, <b>DON&#39;T THINK ABOUT NAV PRICE, think VALUE</b> (no. of units held x NAV price).<br /><br />E.g.<br /><br /><u>Got distribution</u><br />One day before ex-date you hold RM1,000 (<span style='color:blue'>RM1.0000</span> x 1,000 units)<br />The next day its ex-date AND (assuming) distribution is also credited on the same day, you also hold RM1,000 (<span style='color:blue'>RM0.9091</span> x 1,100 units), let&#39;s assume that you got 100 units from the distribution.<br />The fund&#39;s underlying investments gained 8% in the next 3 months<br />Your holdings: (<span style='color:blue'>RM0.9091 + 8%</span>) x 1,100 units = RM0.9818 x 1,100 units = RM1,080<br /><br /><u>No distribution</u><br />Your holdings value: RM1,000 (<span style='color:blue'>RM1.0000</span> x 1,000 units)<br />The fund&#39;s underlying investments gained 8% in the next 3 months<br />Your holdings: (<span style='color:blue'>RM1.0000 + 8%</span>) x 1,000 units = RM1.0800 x 1,000 units = RM1,080<br /><!--SPOILER DIV--></div><!--SPOILER DIV--><br /><br /><!--SPOILER BEGIN--><div class="spoilertop" onClick="openClose('d9e408f76fe213db0aaaa29a3125de86')" style="font-weight: bold"><u>&raquo; Click to show Spoiler - click again to hide... &laquo;</u></div><div class="spoilermain" id="d9e408f76fe213db0aaaa29a3125de86" style="display:none"><!--SPOILER END-->Distribution is very relevant especially to retiree investors who want a source of income. For this type of investors, basically what they can do is to invest in a fund that has a distribution policy, and elect to receive distributions in the form of CASH. To an investor who elect to receive distributions in cash, distributions are a form of income, a cash inflow; gains in NAV price are capital growth.<br /><br />E.g. upon retirement you have RM1mil which you invest in a fund. The fund that you invested in made a return of 10% and declares 8% as dividend for the financial year, that&#39;s RM80,000 of cash inflow for you&#33; Of course, when a distribution is declared and paid, the NAV price will drop proportionately. The balance of 2% that are not declared as distribution will be reinvested for future growth.<!--SPOILER DIV--></div><!--SPOILER DIV--><br /><br /><b>4. Annual Management Charge, Trustee Fee and NAV pricing</b><br /><!--SPOILER BEGIN--><div class="spoilertop" onClick="openClose('7cbd3f6787bb6fc1fe1cad6d5cb07226')" style="font-weight: bold"><u>&raquo; Click to show Spoiler - click again to hide... &laquo;</u></div><div class="spoilermain" id="7cbd3f6787bb6fc1fe1cad6d5cb07226" style="display:none"><!--SPOILER END-->NAV stands for &quot;Net Asset Value&quot;, an accounting term which simply means the value of <b>TOTAL ASSETS</b> less <b>TOTAL LIABILITIES</b>.<br /><br />In unit trust accounting, Annual Management Charge and Trustee Fee are <u>accrued daily</u> and reflected in the NAV pricing. Now let me explain by using a simple example...<br /><br />- The annual salary for the Fund Manager of Huat Huat Equity Fund is fixed at 1% of the Asset Under Management (AUM)<br />- As at today, value of AUM for Huat Huat is RM100M<br />- Fund size of Huat Huat is 100M units<br /><br />Just like most of us, the FM&#39;s salary is paid monthly in arrears. But for the purpose of accounting, it has to be accrued daily. Thus, as at end of today, Huat Huat would have total assets of RM100M and a LIABILITY in the form of the FM&#39;s 1-day unpaid salary.<br /><br />NAV for Huat Huat today is:<br />RM100M - (RM100M x 1% x 1/365)<br />= RM100M - RM2,739.73<br />= RM99,997,260<br /><br />NAV price today:<br />RM99,997,260 / 100M units<br />= RM0.9999<br /><br />Investors do not need to separately pay for the Management Fee and Trustee Fee, these charges are already deducted from the value of our holdings.<br /><!--SPOILER DIV--></div><!--SPOILER DIV--><br /><br /><b>5. Return On Investment (ROI) vs Annualised Return, similar to Internal Rate of Return (IRR)</b><br /><!--SPOILER BEGIN--><div class="spoilertop" onClick="openClose('0bc77321507022913a2967150f83efb2')" style="font-weight: bold"><u>&raquo; Click to show Spoiler - click again to hide... &laquo;</u></div><div class="spoilermain" id="0bc77321507022913a2967150f83efb2" style="display:none"><!--SPOILER END--><br /><img src='http://forum.lowyat.net/uploads/attach-46/post-477246-1370414305.jpg' border='0' alt='user posted image' /><!--SPOILER DIV--></div><!--SPOILER DIV--><br /><a href='https://forum.lowyat.net/topic/3450434' target='_blank'><span style='color:blue'>Important link to v8 - The MS Excel Masterclass version&#33;</span></a><br /><br />Download here &gt;&gt;&gt; <a href='https://forum.lowyat.net/index.php?act=Attach&type=post&id=3363202' target='_blank'><b>Pinky&#39;s Portfolio Worksheet with IRR Calculation</b></a><br /><br />Download here &gt;&gt;&gt; <a href='http://bit.ly/polarzbearzPortfolioSummary2' target='_blank'><b>polarzbearz&#39;s Portfolio Summary with Pinky&#39;s IRR Calculation</b></a> <a href='http://bit.ly/polarzbearzPortfolioSummaryConversionTool' target='_blank'><span style='color:orange'><b>(and here for Polarzbearz&#39;s FSM-to-Spreadsheet Conversion Tool)</b></span></a><br /><a href='https://forum.lowyat.net/uploads/attach-75/post-103975-1421671981.jpg' target='_blank'><img src='https://forum.lowyat.net/uploads/attach-75/post-103975-1421671981_thumb.jpg' border='0' alt='user posted image' /></a><a href='https://forum.lowyat.net/uploads/attach-75/post-103975-1422956518.jpg' target='_blank'><img src='https://forum.lowyat.net/uploads/attach-75/post-103975-1422956518_thumb.jpg' border='0' alt='user posted image' /></a><br /><br /><i>Make sure you read the instructions as many of the cells have formula in it. You can freely modify, update, or change it to suit your needs (and even share with others if you don&#39;t mind <!--emo&:P--><img src='http://static.lowyat.net/style_emoticons/default/tongue.gif' border='0' style='vertical-align:middle' alt='tongue.gif' /><!--endemo--> )</i><br /><br /><b><span style='color:orange'>Golden Quote</span></b><br />Happy investing&#33; <!--emo&:clap:--><img src='http://static.lowyat.net/style_emoticons/default/rclxms.gif' border='0' style='vertical-align:middle' alt='rclxms.gif' /><!--endemo--><br /><br /><b><span style='font-size:8pt;line-height:100%'>Disclaimer -<br />I am not a UT agent, nor am I employed by FSM. All my comments here are posted in good faith and with the intention to share knowledge. I am not to be held liable for any losses that may be incurred as a result of following any advice/opinion shared here. I believe the same should be applicable for any other LYN members posting here.</span></b> <!--emo&:)--><img src='http://static.lowyat.net/style_emoticons/default/smile.gif' border='0' style='vertical-align:middle' alt='smile.gif' /><!--endemo--><br />[right][snapback]77811405[/snapback][/right] ohcipala Finance, Business and Investment House Sat, 12 Mar 2016 21:38:58 +0800