Trading in ASM 3 will be suspended from 22 September to 30 September 2022 to make way for the annual settlement, and will resume on 1 October, according to a news release from the National Trust (ASNB).
ASM 3, known as Amanah Saham Malaysia 3 and formerly known as Amanah Saham 1 Malaysia (AS1M), is one of the trusts that can also be purchased by Chinese and is priced at a fixed price of RM1 per unit.
ASM 3 is expected to announce its latest dividend payment in late September and is expected to pay out 3.75 sen per unit, with the majority of ASM 3’s capital invested in the stock market, which has not been very good over the last year.
This, coupled with the fact that ASM 2 Wawasan, which was just announced at the end of August, will also only pay 3.75 sen, has taken away the aura of high dividends from ASNB and has left investors disappointed and looking for alternative investment platforms that pay higher dividends.
In recent years, ASM 3’s dividend payout has been decreasing year on year, from 6.70 cents per unit in 2013 to 4 cents per unit in 2020 and 2021. The general expectation is that only 3.75 cents per unit will be paid out this year.