Kuala Lumpur: CIMB-Principal Asset Management Berhad (“CIMB-Principal”) today won the Best Overall Fund Group Award at the prestigious industry wide event, The Edge-Lipper Malaysia Fund Award 2012, thanks to the consistent out-performance of its funds. This win cements CIMB-Principal’s position as the premier fund provider.
“We are proud to be accorded this award that recognise, as well as validate our consistent funds’ performance. We, at CIMB-Principal are focused on harnessing top-billing performance to provide utmost value to our investors, supported by good portfolio risk management practices and continuous diligent risk oversight by our Investment Committee,” said Campbell Tupling, Chief Executive Officer, CIMB-Principal at the awards ceremony.
Elaborating on the company’s strategic plans for Malaysia and its regional franchise, Tupling said, “In line with our vision to be ASEAN’s most valued investment manager offering total asset management solutions, we will continue to develop products and expertise as a regional house, strengthening our retail and institutional business growth not just in our four core markets, but across ASEAN.” CIMB-Principal currently has presence in Malaysia, Indonesia, Singapore and Thailand, with strong on-ground presence to meet individual markets’ rising demand and maturity.
In addition to the Best Overall Fund Group Award, CIMB-Principal also swept additional awards at the ceremony. As of 31 December 2011, CIMB-Principal’s total assets under management (AUM) stood at RM28.3 billion. It has a total of 54 unit trust funds (21 are Shariah-compliant), 6 wholesale funds and 2 Exchange-Traded Funds (ETFs). CIMB-Principal is also one of the largest institutional money managers in Malaysia.
By CHOONG EN HAN
One of the more commonly asked questions from young investors is: “How do I start investing in stocks?” Not only is that question popular among the young but the older and more experienced individuals are also trying to grapple with it.
It’s hard to subsist on a meagre income but the younger generation is straddled with heavy education debt, car loans coupled with escalating living expenses.
Maybe that’s a prime reason why the Gen-Y should start investing at a young age.
“A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life,” says Suze Orman, a waitress-turned-personal finance expert. She was a former financial advisor with Merrill Lynch.
Independent financial adviser Yap Ming Hui feels that every Malaysian should start to expose themselves to the investment world but they should not speculate blindly.
“Unlike investing in properties, the stock market offers investors an avenue to learn more about the corporate landscape, and it gives a different dimension of knowledge which would help in the long run,” he says.
Yap is the founder and managing director of Whitman Independent Advisors Sdn Bhd, a boutique financial advisory company.
He says some people don’t read the business pages, but that is the first place any investor should read to start dabbling in personal finance.
“If someone is well educated and keeps up to date with the trends in the stock market, one can identify the windows of opportunities to invest when valuations turn attractive, but if you’re not prepared, you would not even know it when there’s an opportunity right under your nose,” he says.
However, he didn’t discount the fact that individuals should diversify their investments into different asset classes.
“Most Malaysians still do not understand the kinds of investments they invest in, and they don’t make enough effort to understand the types of investments they invest in and get hoodwinked by fraud that offer seemingly attractive returns,” he says,
Yap suggests the younger generation start investing in unit trusts.
“Invest in funds that are linked to equity markets, and follow developments in the market and learn from there. Investing in specific counters are riskier than investing in funds, and do invest in what you can afford,” he says.
His advice is sound but many people react to what has happened around them.
For Dennis Yap, a working professional for an international accounting firm, the heartache of his parents, who lost their retirement nest egg during the Asian Financial Crisis in 1997/98, has been a major deterrent for him to venture into equity investments.
“The volatility of the market is just scary, and now my parents are still trying to recoup back the losses that wiped out most of their retirement fund,” he says, admitting that he prefers to earn a meagre interest from keeping his money in a bank.
He says people often point to investments as an inflation-fighting tool but for him, investments are meant to generate returns higher than just to fight inflation.
“I would rather save up and invest in a physical business compared with paper trading and punting on rumours and speculation,” he says.
A trip down memory lane might provide an encouragement for the young investors.
During the Greet Depression in the United States, stocks crashed hard with the market plunging 86% and it took more than 15 years for it to recover. Soon-to-retired individuals would be devastated as an investor. Those who had put US$10,000 into the stock market just before the crash had just US$6,000 10 years later.
However, if one had been 25 years old and invested US$10,000 in the stock market just before the crash, that person would have had about US$210,340 upon retirement 40 years later.
Time is definitely on the side of the young if they invest in stocks.
There are many ways to investing in the stock market, but one thing is for sure, education, research and patience should be the pillars of any budding investor wanting a pathway to success.
Oleh Suffian A Bakar
Dasar kerajaan berjaya tarik minat pelabur luar
BURSA Malaysia bakal menyaksikan kemasukan lebih banyak dana pelaburan asing tahun ini, berikutan meningkatnya keyakinan pelabur terhadap dasar yang dilaksanakan kerajaan dalam mengemudikan ekonomi negara, kata Naib Presiden yang juga Ketua Strategi Pelaburan dan Penyelidikan (Produk Pengurusan Kekayaan) Citibank Bhd, Steven Yong CS.
Beliau berkata, pegangan asing dalam saham syarikat di Bursa Malaysia meningkat kepada 28 peratus ketika ini, berbanding 23 peratus pada akhir suku ketiga 2011 dan ia dijangka meningkat lagi tahun ini.
“Dasar dilaksanakan kerajaan hari ini dilihat positif. Ini dicerminkan peningkatan kemasukan dana asing ke dalam pasaran saham tempatan.
“Bagaimanapun, ia (pegangan asing) belum lagi mencecah tahap puncak sekitar 35 peratus seperti direkodkan sebelum ini dan saya melihat Bursa Malaysia berpotensi menerima lebih banyak dana asing tahun ini,” katanya pada taklimat mengenai tinjauan pelaburan runcit bagi 2012 di Kuala Lumpur, semalam.
Yong berkata, pelabur asing biasanya memasuki pasaran bagi prospek jangka panjang dan tempoh mereka banyak bergantung kepada keberkesanan dasar kerajaan.
Beliau berkata, keputusan pilihan raya umum yang dijangka diadakan dalam separuh pertama tahun ini turut menjadi faktor penting.
Mengenai tinjauan prestasi Bursa Malaysia, beliau berkata, KLCI FBM dijangka berlegar menghampiri paras 1,600 mata tahun ini.
“Masih ada banyak ketidakpastian sehingga kita sampai ke pertengahan tahun ini.
“Apakah dasar yang akan dilaksanakan tahun ini akan memberi kesan kepada pasaran,” katanya.
Yong berkata, KLCI FBM yang menutup tirai 2011 melebihi paras 1,500 mata, iaitu lebih tinggi daripada unjuran Citibank sebanyak 1,450 mata, didorong terutama oleh belian asing.
Bagi tahun ini, beliau berkata, sektor pilihan termasuk minyak dan gas serta perladangan.
Citibank menjangka ringgit akan mengukuh berbanding dolar Amerika Syarikat (AS) tahun ini berdasarkan perspektif asas ekonomi jangka panjang negara.
Beliau berkata, pada dasarnya, disebabkan jangkaan pertumbuhan ekonomi Malaysia pada lima peratus berbanding dua peratus bagi Amerika Syarikat (AS), nilai ringgit dijangka mengukuh tahun ini.
Bagaimanapun, katanya dalam jangka pendek, kelemahan euro akan memberi manfaat kepada dolar AS dan akan mempunyai kesan terhadap prestasi mata wang tempatan.
Yong mengunjurkan ringgit berada dalam lingkungan RM3.2 dan RM3.23 bagi setiap dolar AS dalam tempoh tiga bulan akan datang dan dijangka mengukuh kepada RM3.10 dan RM3.12 dalam tempoh enam bulan akan datang.
Citibank mengunjurkan Keluaran Dalam Negara Kasar (KDNK) Malaysia berkembang lima peratus tahun ini dan mengukuh kepada enam peratus tahun berikutnya, manakala inflasi tahun ini diunjurkan berlegar sekitar 2.7 peratus.
28 December 2011
Public warned of bogus SC letters
The SC warns the public about bogus letters with the SC’s logo being used in an illegal investment scheme.
It has come to the SC’s attention that an unlicensed individual has been using bogus letters with the SC’s logo in relation to an illegal investment scheme. The letters, which are addressed to the individual, contains the forged signature of an SC officer.
According to complaints received by the SC, the investment scheme purportedly offers a return of between 5% and 10% per month and has largely attracted investors from Kota Bharu (Kelantan), Nilai, Putrajaya and Johor Bahru. The individual later uses the bogus SC letters to justify to his clients why he is unable to pay out the promised returns to them.
The SC has lodged a police report on the unauthorised and misleading use of its name and logo.
Persons who are not licensed by the SC are not allowed to collect monies from others for investment in securities or derivatives on their behalf. The list of companies and individuals licensed by the SC to carry out investment activities, including providing investment advice, can be found on the SC’s website at www.sc.com.my.
The public are reminded that the SC does not and will not in any circumstances, endorse any investment product or scheme. If you are approached by anyone purporting to have such endorsement (even if you are shown a copy of a letter purported to be from the SC), do not part with any monies and do alert the SC immediately.
Anyone who comes across any suspicious letters, websites, as well as emails or who has any information pertaining to suspicious investment schemes or activities relating to securities or derivatives should contact the SC at 603-62048999 or e-mail to firstname.lastname@example.org. You may also write to the SC at:
Investor Affairs & Complaints
Securities Commission Malaysia
3 Persiaran Bukit Kiara
50490 Kuala Lumpur
Fax No: 603-62048991
Since joining the euro back in 1999, the governments of Greece and Portugal (among other offenders) have gotten used to spending a LOT of money. When times were good, it wasn’t a problem — banks and other investors were willing to lend them money on the cheap and their public sectors became bloated.
When the financial crisis hit, however, problems came to a head. Debt levels in Portugal, Italy, and Greece became unsustainable, and taxes in a contracting economy are no longer enough to pay the bills.
Greece, Portugal, and Ireland are still struggling to bring their public debt under control, after receiving billions of euros in bailout aid from the European Commission, the International Monetary Fund, and the European Central Bank (the so-called troika). Some of this aid was provided through a temporary Special Purpose Vehicle called the European Financial Stability Facility (EFSF).
These governments needed this money because it became too expensive for them to borrow cash on the open markets, with speculators demanding high rates for lending and traders even betting on a disorderly sovereign default.
The initial round of aid money helped these governments prop up their banks and pay their bills.
The ECB also started buying government bonds on the secondary market in order to keep borrowing costs low.
But now Greece needs more dough to stay solvent. EU leaders agreed back in July that a “selective default” was the only option for Greece. Under this situation, euro area nations will guarantee payouts on Greek sovereign debt, but the private sector will bear take a loss — a “haircut” — on their debt holdings, reducing the face value of those holdings.
Italy and Spain are now crucial to the debate. The former has an incredible level of public debt (120% in 2010) and the latter has been crushed by a housing bubble and subsequent banking crisis.
The July agreement also expanded the EFSF to €440 billion and allowed the ECB to purchase Spanish and Italian government bonds.
All these problems are now affecting the banking sector. Sovereign bonds in the PIIGS countries (Portugal, Ireland, Italy, Greece, and Spain) — which just a few years ago were highly rated — have lost their high ratings, forcing banks to fear big write downs that cripple lending. Investors wary about the consequences of a Greek default (and other economic problems) are unwilling to loan out cash, producing a liquidity crisis. This is creating a vicious cycle and funding conditions are getting ever tighter.
This hurts economic growth not only in the euro area periphery but in core countries like Germany and France, which have kept their spending under control. While they are to blame for letting the PIIGS spend freely during the good years, now they’re angry. They don’t want to print more money to allow the PIIGS to get off scot free because it would deflate the value of their own assets. Taxpayers don’t want more of their money siphoned off.
But they also would suffer horribly if Greece defaulted and the banking system collapsed.
Source: Business Insider.Com
Sejak menyertai Euro pada tahun 1999, kerajaan Greece dan Portugal (di kalangan pesalah lain) telah menghabiskan BANYAK wang. Ketika tempoh ekonomi dalam keadaan baik, bukan menjadi masalah kepada bank-bank dan pelabur-pelabur untuk meminjamkan mereka wang pada kadar yang murah dan sektor awam mereka juga berkembang secara berlebihan.
Apabila krisis kewangan melanda, masalah sampai ke kemuncak. Tahap hutang di Portugal, Itali dan Greece menjadi tidak mampan, dan cukai-cukai yang diterima tidak lagi cukup untuk membayar bil-bil.
Greece, Portugal, dan Ireland masih berjuang untuk membawa hutang awam di bawah kawalan mereka, selepas menerima berbilion-bilion Euro dalam bantuan bailout daripada Suruhanjaya Eropah, Tabung Kewangan Antarabangsa (IMF), dan Bank Pusat Eropah (atau Troika). Sebahagian daripada bantuan ini telah disediakan melalui Kenderaan Tujuan Khas yang dipanggil Kemudahan Kestabilan Kewangan Eropah (EFSF).
Kerajaan Negara-negara ini memerlukan wang tersebut kerana ia menjadi terlalu mahal bagi mereka untuk meminjam wang tunai di pasaran terbuka, dengan spekulator yang menuntut kadar yang tinggi untuk pinjaman dan peniaga juga bertaruh dengan cara yang tidak wajar.
Bantuan wang peringkat awal dapat membantu kerajaan-kerajaan menaikkan semula bank-bank dan membayar bil-bil mereka.
ECB juga mula membeli bon kerajaan di pasaran sekunder untuk mengekalkan kos pinjaman yang rendah.
Tetapi sekarang Greece memerlukan lebih modal untuk kekal bertahan. Para pemimpin EU telah bersetuju pada bulan Julai bahawa “selective default” adalah satu-satunya pilihan untuk Greece. Di bawah keadaan ini, negara-negara kawasan Euro akan menjamin pembayaran hutang Greece, tetapi sektor swasta akan menanggung kerugian – “hair cut” – untuk pegangan hutang mereka, mengurangkan nilai muka untuk segala pegangan.
Itali dan Sepanyol kini juga tidak kurang diperbahaskan. Kedua-dua Negara ini mempunyai tahap hutang awam yang luar biasa (120% pada tahun 2010) dan telah dihancurkan dengan masalah perumahan dan seterusnya krisis perbankan.
Perjanjian Julai juga mengembangkan EFSF kepada € 440 bilion dan membenarkan ECB untuk membeli bon kerajaan Sepanyol dan Itali.
Semua masalah ini kini memberi kesan kepada sector perbankan. Bon kerajaan di negara-negara PIIGS (Portugal, Ireland, Itali, Greece, dan Sepanyol) – yang mana pada beberapa tahun lalu telah diberi nilai yang sangat tinggi telah merudum, menjadikan bank-bank bimbang dengan pinjaman yang melumpuhkan itu. Pelabur berhati-hati tentang akibat kelalaian Greece ini (dan lain-lain masalah ekonomi) tidak sanggup untuk meminjam wang tunai kerana ianya menyebabkan krisis kecairan modal. Ini adalah mewujudkan satu kitaran yang teruk dan syarat-syarat pembiayaan menjadi lebih ketat.
Ini menjejaskan pertumbuhan ekonomi bukan sahaja di pinggir kawasan Euro tetapi dalam negara-negara utama seperti Jerman dan Perancis, yang telah sentiasa memastikan perbelanjaan mereka di bawah kawalan. Mereka menjadi marah walaupun keduanya dipersalahkan kerana membiarkan PIIGS berbelanja dengan bebas ketika ekonomi dalam keadaan baik. Mereka tidak mahu mencetak lebih banyak wang untuk membolehkan PIIGS mendapatkan pajakan percuma kerana ia akan mengempiskan nilai aset mereka sendiri. Pembayar cukai juga tidak mahu wang mereka itu disalurkan dengan begitu sahaja.
Namun begitu mereka juga akan terjejas teruk sekiranya Greece ingkar dan sistem perbankan runtuh.
Artikel ini saya terjemahkan dari artikel “The Eurozone Crisis For Dummies” dari website Business Insider.Com
Kadar caruman Kumpulan Wang Simpanan Pekerja (KWSP) bahagian majikan bagi pekerja bergaji kurang daripada RM5,000 sebulan akan dinaikkan berkuat kuasa gaji Januari 2012. Kenaikan caruman KWSP majikan adalah 1% iaitu daripada 12% kepada 13%.
Caruman KWSP pekerja tidak akan mengalami perubahan iaitu akan tetap apda 11% sahaja. Selain itu, bagi pekerja berumur 55 tahun dan ke atas yang menerima gaji tidak melebihi RM5,000, golongan ini juga akan menikmati manfaat apabila majikan diwajibkan mencarum 6.5% iaitu tambahan 0.5% manakala pekerja terus mencarum pada kadar 5.5%.
Kenaikan caruman KWSP telah dibentangkan pada Belanjawan 2012 di Dewan Rakyat, Perdana Menteri, Datuk Seri Najib Razak. Objektif kenaikan caruman KWSP majikan adalah untuk meningkatkan simpanan hari tua. Kajian menunjukkan hampir 70 peratus pesara menghabiskan kesemua simpanan mereka dalam tempoh 10 tahun selepas bersara.
Tindakan kerajaan meningkatkan caruman KWSP ini dapat meningkatkan simpanan persaraan rakyat Malaysia.
KUALA LUMPUR: The aggressive inflow of capital expenditure (Capex) into the development of marginal oil and gas (O&G) fields or enhanced oil recovery projects by Malaysian O&G players, is set to continue in 2012.
Over the past 12 months, national O&G entity, Petronas Bhd, has been busy boosting production not only to catch up with the previous year’s higher output, but also achieve this more efficiently, said OSK Research.
The firm added that the national oil corporation’s total O&G production had dropped to 2.1m boe/day in financial year 2011 from 2.3m boe/day previously, “Hence, Petronas together with its production sharing contract (PSC) parties, has been progressively pouring Capex into the development of marginal O&G fields or enhanced oil recovery (EOR) projects.
“Both types of projects are expected to help it meet its higher O&G output objective in the shortest possible time and also at a lower production cost vis-a-vis the greenfields or more sophisticated fields,” OSK Research said.
The research firm also predicts that more marginal oilfields will be awarded in 2012.
In 2011, Petronas awarded two clusters of marginal O&G fields, namely the Berantai cluster to Kencana and SapuraCrest, and the Balai cluster to Dialog Bhd.
These fields are fast-track projects that are expected to commence O&G production in one or two years, against the more sophisticated deepwater fields, which may take between three-five years to kickstart.
“Going forward, there are numerous new development opportunities, since Petronas intends to develop about 25 per cent of the 100 remaining marginal O&G fields identified,” OSK Research said.
It added that given the exposure and experience, it will not be surprising if once again, Kencana, SapuraCrest and Dialog, are awarded the projects.
Also, next year, the focus on enhanced oil recovery (EOR) projects are slated to continue.
This is because the additional Capex needed to extract the remaining O&G is far less than that for a greenfield.
Recently, Petronas and Shell signed a Heads of Agreement for two 30-year production sharing contracts, involving EOR projects offshore Sabah and Sarawak.
OSK Research said the future growth of the sector is more likely to be via mergers and acquisitions.
“We think that growth through acquisitions or mergers is more likely compared to organic growth, as the O&G industry is becoming more dynamic.
“Companies are required to provide a complete range of services as well as deliver them reliably and in a timely manner.
“Petronas and its production sharing contract parties would rather place the main project responsibility on a single O&G contractor to get the entire job done, than award smaller portions to multiple contractors, which may give rise to a risk of delivery delays and cost overruns.
“As such, we believe there may be a consolidation among the vessel players and brownfield services providers,” the research house said. – BERNAMA
KUALA LUMPUR: Men are taking the lead in decision-making across most aspects of financial planning, according to a HSBC report.
The report on The Future of Retirement: Why Family Matters said 68% of Asian men and 65% of men worldwide said they made all or most of the financial decisions in the household, compared with 58% and 53% of women in Asia and globally, respectively.
HSBC said in a statement that the only exception in Asia was China, where 63% of women claimed they made all or most of the financial decisions, compared with 58% of men.
HSBC said the report was done by Cicero Consulting polling over 17,000 people in 17 countries, with over 7,300 from Asia. The idea was to explore changing attitudes towards retirement and financial planning.
In terms of retirement planning, the report said only 29% of Asian women on average were most likely to take sole responsibility, compared with 37% of men; India (21% women versus 43% of men), Singapore (21% versus 38%), Malaysia (27% versus 33%) and Hong Kong (28% versus 38%).
HSBC group general manager and regional director for retail banking and wealth management, Asia-Pacific, Louisa Cheang, said the gender divide in saving for retirement persisted in Asia, leaving women potentially exposed to financial hardship in later life.
Across Asia, 66% of respondents on average said they had a financial plan in place, yet despite these plans, there appeared to be significant gaps in the financial planning throughout adult life. For example, six in 10 Hong Kong respondents aged 30-39 years old did not have short-term savings and only 19% of Taiwanese aged 40-49 were protecting their assets.
The report also revealed that 48% and 47% of parents in Malaysia and Hong Kong, respectively, had no life insurance. – Bernama