ASM 2 Wawasan will announce its latest dividend payment in late August!
Amanah Saham Malaysia 2 Wawasan or ASM2 Wawasan is a fund of the National Trust (ASNB), a subsidiary of the National Investment Board (PNB).
ASM 2 Wawasan has maintained a dividend payout of 4 cents for 2 consecutive years, what will this year’s payout be? The general expectation is that this year’s dividend will also be maintained at 4 sen, and in the worst case scenario, it will be around 3.75 sen.
ASM 2 Wawasan invests more than 80% of its capital in the stock market, less than 2% in ETFs, about 10% in fixed income instruments and 5.67% in other sectors. Petronas Chemicals, Axiata, Petronas Gas, Telekom and Maxis.
The Kuala Lumpur FTSE General Index (KLCI) almost fell below the 1,400-point barrier in July, but has recently stabilized and is gradually moving towards the 1,500-point barrier. Although the KLCI is still at its low point in recent years, bank stocks such as Maybank, Public Bank and CIMB are doing well against the backdrop of global interest rate hikes, so the ASM 2 Wawasan dividend payout this year is not too pessimistic.
ASM2 Wawasan will pay a dividend of 4 sen in 2021 and 2020, 5 sen in 2019, 6 sen per unit in 2018 and 2017, and 6.3 sen per unit in 2016, gradually reducing the payout rate each year.
ASM2 Wawasan will automatically reinvest the interest into the fund after the dividend is announced and the units will be transferred to the holder’s account on September 1.
ASM2 Wawasan is a trust fund that can be purchased by Chinese and the selling price is fixed at RM1 per unit.
