Wednesday, 23 Dec 2020 02:16 PM MYT
Screengrab of the Amanah Saham National Bhd website at asnb.com.my.
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KUALA LUMPUR, Dec 23 Amanah Saham Bumiputera’s (ASB) dividend distribution of 4.25 per cent for 2020 announced by Permodalan Nasional Bhd (PNB) remains competitive amid the current investment climate which was adversely impacted by the Covid-19 pandemic.
Bank Islam Malaysia chief economist Mohd Afzanizam Abdul Rashid said as investors, ones must understand the benchmarking concept in order to evaluate their investments.
“In this case, the benchmark for ASB would be the Maybank fixed deposit for 12 months return rate which stood around 1.85 per cent as at December 20 this year, hence, against this (backdrop) and on the back of the current challenging economic situation the ASB dividend is seen competitive.
ASB 2020 dividend remains competitive amid challenging time economists 23 Dec 2020 / 14:54 H. Pix for representational purpose only.
KUALA LUMPUR: Amanah Saham Bumiputera’s (ASB) dividend distribution of 4.25 per cent for 2020 announced by Permodalan Nasional Bhd (PNB) remains competitive amid the current investment climate which was adversely impacted by the Covid-19 pandemic.
Bank Islam Malaysia chief economist Mohd Afzanizam Abdul Rashid said as investors, ones must understand the benchmarking concept in order to evaluate their investments.
“In this case, the benchmark for ASB would be the Maybank fixed deposit for 12 months return rate which stood around 1.85 percent as at Dec 20 this year, hence, against this (backdrop) and on the back of the current challenging economic situation the ASB dividend is seen competitive.