Thursday December 20, 2007
The dividends are expected to be higher like what Permodalan Nasional Bhd paid out this year.
Speaking to reporters at the Parliament lobby yesterday, Nor said last year TH, EPF and LTAT paid out dividends of 4.75%, 5.15%, and 15% respectively.
He said all funds in general, including those managed by PNB, have been on an up-trend since 2003.
PNB announced increased returns this year for almost all the funds it manages, he said.
In the latest announcement, unit-holders of the Amanah Saham Bumiputera (ASB) fund received 8.00sen per unit and a bonus of one sen per unit, “the highest return seen by the fund so far,” Nor said.
Nor Mohamed said since its launch in 1981, PNB had paid out returns amounting to RM60bil including half a billion this year.
He described the figure as “a large amount enjoyed by investors.”
He added that an institution like the PNB did not exist in any other country.
On the projection of good returns from other funds, he said it was based on the current strong economy.
Nor reiterated that the country was on strong footing to achieve its 6% projection in gross domestic product growth this year.
Other factors supporting good returns include the impressive performance of Bursa Malaysia’s Composite Index (CI), which was at 1,385 as of Tuesday, and market capitalisation which has hit RM1.060tril.
Nor said at the end of 2001, 2003 and 2006, the CI had stood at 696, 794 and 1,096 respectively, and market capitalisation at RM465bil, RM640bil and RM849bil.
The transformation in government-linked companies (GLCs), including PNB, also contributed over RM100bil to the share market value.
He said the performance of the local share market also greatly depended on the GLCs which underwent transformation in May 2004.
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