Bursa Malaysia e-share payment service

Bursa Malaysia has launched e-share payment service today that allows the share buyer to transmit money electronically to the stockbroker when they purchase shares/make payments or allow the stockbroker to auto-debit from the bank account. It also allows the stockbroker deposit share proceeds/profits into the buyer's bank account directly when the buyer sells the shares.

The service is provided FOC by the stockbrokers and you need to apply at the individual stockbroker. Basically, you need to fill in the form, and provide photocopy of NRIC and your bank statement/passbook. Original copies of NRIC and bank statement/passbook are required for verification purpose.

For more details about this new service, please visit here.

What not to tell your insurer after an accident

Everyone knows, or should know, that you should never lie to your insurance company -- that would be fraud -- but what you say and what you do does matter.
Moreover, it could mean the difference between how much of, say, an automobile accident, is covered and what impact it will have on your premium.

"People use the wrong words unknowingly all the time," said Mark Holihan of Mark Holihan Farmer's Insurance Agency. "I just keep asking questions to find out what really happened."

Here are some things to keep in mind when dealing with your insurance company:

Amanah Saham Wawasan 2020 (ASW 2020) Declares Dividend 6.35 cents per unit

Amanah Saham Malaysia Berhad has declared a dividend of 6.35 cents per unit for Amanah Saham Wawasan 2020 (ASW 2020) for the current financial year. The income distribution will be reinvested in the form of new units and will automatically be credited into the unitholders' accounts on September 1.

As a comparison, last year's dividend declared was 6.3 cents.

First Foray into Stock Investment

Recently, I've made some investments into stock market, in particular Sunway REIT (SUNREIT) and Capitamalls Malaysia Trust (CMMT). SUNREIT IPO-ed at RM0.88 for retail investors while CMMT IPO-ed at RM0.98.


While the price movement has been very mild since the IPO, I do not expect such stocks to have high appreciation as these stocks are mainly dividend stocks.

Why do i invest in REITs:

1. Exposure to REIT sector, apart from existing investments in equity and bond unit trust funds.
2. High Yield: the expected dividend from these stocks of around 7% is much higher than prevailing annual fixed deposit rates.
3. Low volatility: Since i do not have much time to monitor the stock movements, these stocks are suitable for me due to its lower volatility.

I recommend our investors to have a good look at REIT since they are high yielding investments with potential of capital appreciation. In fact, the yield for M-REIT (Malaysian REIT) is one of the highest in the region.