SAPP Youth Exco, Clement Lee demands an answer from UMNO led-BN Government and SAS investment team as to why it made a BIG LOSS of almost RM20 million (to be exact RM 19,870,833.00) in investments in 2011 as extracted from the SAS Annual Report 2011 on page 12?
He also demands an explanation as to what is 'Realized Loss on sale of Investment', amounting to RM 31 million (to be exact RM 31,124,228.00) as stated on page 22 of SAS Annual Report 2011. There is no detail provided for this 'Realized Loss on sale of Investment' in this report.
"Does the SAS investment team have any expertise in investing in foreign securities like Singapore, Hong Kong, Indonesia, and Thailand markets?" he queried.
Furthermore, Datuk Dr. Yee Moh Chai has been relentlessly accusing former Chief Minister as the cause of SAS downfall during the years of 1997 and 1998. What he could not fathom doing is to improve the value of SAS, even after the course of 14 years? Clement Lee asked.
SAPP is committed to solving this problem faced by the over 50,000 investors that the UMNO led-BN government could not solve, even after 14 years from the Asian Financial Crisis in 1997-1998, plus the additional RM200 million government grant injected into SAS in recent years which was announced by Sabah Chief Minister Datuk Musa Aman, this has proven that the current UMNO led-BN government is simply incompetence and useless.
SAPP will issue the necessary White Paper to find out the root-cause of the downfall of SAS and reveal the truth to the public when we form the Sabah state government. We will also assist in elevating SAS to its original value, or even let it appreciate higher, to a value that it so rightfully deserves.
Selepas kejatuhan SAS di tangan YTL, SAS masih lagi bernafas sehingga kini pun sudah cukup bagus.
ReplyDeleteSAS jatuh pun ketika YTL menjadi KM, mujurlah KM sekarang dpt mempertahankan SAS walaupun ia tak untung besar.
ReplyDeleteapapun, moga SAS dpt diperkembangkan dan maju suatu hari nnti.
ReplyDeleteKerugian RM20m berdanding dengan RM400m.. Mana lagi banyak??
ReplyDeleteJadi sebelum mengatakan mengenai SAS sebaiknya tanya dulu bagaimana Yong sendiri menyebabkan kerugian SAS..
ReplyDeleteYong tidak akan mengaku yang dia telah melakukan kesilapan.. sebab itu dia minta pemimpin bawahan beliau membangkitkan isu ini supaya rakyat Sabah lupa bahawa YTL adalah punca kerugian SAS..
DeleteRM200m kalau tidak silap kerugian yang dihadapi oleh SAS semasa Yong Teck Lee memerintah.
ReplyDeleteKenapa tidak tanya Yong juga mengenaiperkara ini. Sedangkan Yong lebih teruk berbanding dengan apa yang berlaku sebelum ini.
ReplyDeletesaya rasa tujuan dia membangkitkan isu ini hanya untuk menyelamatkan YTL semata2..
DeleteSemoga pengurusan di SAS akan terus dipertingkatkan lagi bagi memastikan perkara sebegini tidak akan berlaku lagi.
ReplyDeletekami juga mahukan penjelasan dari YTL dan pemimpin2 SAPP kenapa SAS boleh mengalami kerugian ketikan YTL sebagai ketua menteri Sabah.. kami mahukan penjelasan, bukan tuding menuding..
ReplyDeleteKerugian itu kadang2 tidak dapat dijangka. yang penting sekarang SAS akan diperbaiki dari masa ke semasa. Dilaporkan bahawa pendapatan kasar SAS setakat 15 Mac tahun ni ialah RM27,155,786.
ReplyDelete* (SAS) has reported a gross income of RM27,155,786
ReplyDeleteas at March 15 this year.
* Income derived from SAS’s investment in the stock
market (84.61%), dividend income (5.32%), money
market (1.18%) and forex forward contract (8.89%).
* After deducting manager’s expenses and provision for taxation, the distributable income amounted to RM24,109,627.
* Saham Sabah Berhad Chairman, Datuk Maijol Mahap declare an interim income distribution of 1.9% or 1.90 sen net per unit for 2012.
* This income distribution would involve a total payment of RM23,480,162 and the calculation was based on 1,235,798,000 units held as at March 15 this year.
* The total income distribution represented a yield of 5.89% investment return based on the net asset value (NAV) per unit of RM0.3228 as at March 15.
* Performance for the first two and a half months of this year had been positive with the Bursa Malaysia FBM KLCI closing higher at 1,579.38 points, which represented an increase of 3.18% in comparison to 1,530.73 points as at December 31, 2011.
* Performance of MSCI All Country Asia ex Japan index increased by 11.73%.
* Income distribution would be paid to 53,998 investors comprising 46,089 individual investors (85.4%), 7,407 investors under the Hardcore Poor Scheme (13.7%), 455 investors with bank loans (0.8%) as well as corporate investors (0.1%).
* Income distribution would be paid through the issuance of warrants by April 15 this year.
* Investors under the Hardcore Poor Scheme will be paid cash through their Amanah Saham Bumiputra (ASB) accounts. The amount paid to PPRT investors, he said, would be determined at a later date once the PPRT accounts have been updated.
* Since its inception 17 years ago, inclusive of the interim 2012 distribution, SAS had declared 12 distributions involving payments amounting to RM404,119,371 net or 71.22%.