Wednesday, 22 February 2012

Why has SAS remained stagnant for the past 14 years?

By Clement Lee


SAPP Youth Exco member Clement Lee is demanding an answer from the UMNO-led BN government to explain, who proudly boasted that they have RM 3 billion of reserved funds in the state coffer but why, today in 2012, the price of SAS (Saham Amanah Sabah) has remained stagnant (RM0.32 as at 17 Feb 2012, extracted from www.sahamsabah.com.my) 14 years after the Asian Financial Crisis from 1997-1998?

Furthermore, Datuk Dr. Yee Moh Chai has restlessly accusing the former Chief Minister who caused the downfall of SAS from 1997-1998 but why the current Chief Minister could not even to lift the SAS price back to its original value after 14 years since the market economy has been recovered back many years ago?Clement Lee asked.

Based on the history fact of market statistics, during the Asian Financial Crisis from 1997-1998 (http://www.bursamalaysia.com), almost all of the Unit-Trusts and Stocks prices at BURSA (Formerly KLSE) had dropped drastically and none could escape untouched from the crisis.

That caused plenty of hardship and nightmare to the 50,000 SAS investors, making them poorer or even bankrupt, when some of them took loans from banks and others, their life savings.

My question to the UMNO-led BN government is, why are all the prices of Unit Trusts like Amanah Saham Selangor (Asas),  Amanah Saham Johor (ASJ), Dana Johor, Amanah Saham Kedah, Amanah Saham DarulIman (Asdi), and such other stocks listed in BURSA have been made to recover to its original value after the Asian Financial Crisis from 1997-1998 but yet SAS has been left to remain stagnant? Clement Lee asked.

SAPP is committed to solving this problem faced by the over 50,000 investors that the BN-led government could not, even after 14 years. 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 to elevate SAS to its original value, or even let it appreciate higher, to a value it rightfully so deserves.

Clement Lee is a member of SAPP Youth Exco
Posted by at
Labels:

25 comments:

  1. Green Sabah22 February 2012 at 13:03

    I wonder where is Clement Lee during the SAS downfall? Maybe he should go back and review history to get to know SAS better.

    ReplyDelete
  2. Green Sabah22 February 2012 at 13:04

    Investments don't soar overnight, it takes time to build thing back up after such a down fall.

    ReplyDelete
    Replies
    1. law23 February 2012 at 10:47

      ya.. SAS walaupun masih lembab, tapi ia dpt bankit dari terus mengalami kerugian. pasti ia akan pulih sepenuhnya nnti.

      Delete
    2. Anonymous23 February 2012 at 15:30

      Sudah 14 tahun masih mau tunggu? Jika musang tidak pandai, berundur dirilah. Buat apa masih duduk di ofis untuk isi kuota saja?

      Delete
  3. DorianG22 February 2012 at 13:09

    Clearly Clement Yee failed to see the connectivity of the BURSA (which in turn has a impact to SAS) and global market particularly with relations to the Euro Crisis as well as other major event

    ReplyDelete
  4. DorianG22 February 2012 at 13:09

    Bloomberg calculated an almost $6.3 trillion dollar decline in global markets in 2011. Its a financial Miracle that BURSA (as well as the Asian Financial sector) was not critically effected.

    ReplyDelete
  5. DorianG22 February 2012 at 13:10

    Coming back to SAS, At least it did not plummeted. It is no easy feat given the state of the global economy last year.

    ReplyDelete
  6. DorianG22 February 2012 at 13:11

    And why is Clement Yee is still in a Time Limbo back in the 90's Asian financial crisis? Has he not noted the progression after that period?

    ReplyDelete
  7. DorianG22 February 2012 at 13:12

    "SAPP is committed to solving this problem faced by the over 50,000 investors that the BN-led government could not, even after 14 years. 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."

    -AND HOW WOULD YOU (SAPP) plan to do this? So far no DETAILS has been disclose for this matter from your side.

    ReplyDelete
  8. Anonymous22 February 2012 at 16:15

    Unit Trust or SAS is about investment on certain liquidity market to gain profit.

    Clement Lee is absolutely right. Why other stocks and unit trusts have been recovered back into the original value but SAS remained unchanged?

    I had worked in Singapore Stock Broking firm as a remisier for the past 30 years. Don't insult my intelligence about Unit Trust or stock.

    ReplyDelete
  9. Anonymous22 February 2012 at 17:22

    DorianGFeb 21, 2012 09:12 PM

    -AND HOW WOULD YOU (SAPP) plan to do this? So far no DETAILS has been disclose for this matter from your side.

    ----------------------------------------------------------

    Even though I am not SAPP member, I could see how desperate from you (UMNO licker) want to copy people idea.

    If BN doesn't know how, just give way for SAPP to take over.

    We had enough shits from UMNO!

    ReplyDelete
    Replies
    1. Azroy23 February 2012 at 15:13

      yup.. and if the loss happen again, then all they can do is blame the previous government or future government..

      Delete
    2. Anonymous23 February 2012 at 15:33

      Even though no Financial Crisis for the past 14 years. UMNO still couldn't lift the SAS share.

      It has shown the failure of incompetency UMNO government. We want to CHANGE the Sabah government from UMNO to SAPP!

      Delete
  10. law23 February 2012 at 10:44

    ketika Yong Teck Lee menjadi KM lah SAS jatuh dan rugi teruk.

    ReplyDelete
    Replies
    1. Azroy23 February 2012 at 15:09

      yup.. sekarang dia mahu pusing balik seolah2 kerugian itu berlaku ketika negeri ini dibawah pentadbiran Musa Aman..

      Delete
    2. Anonymous23 February 2012 at 15:39

      Siapa yang makan duit SAS jika bukan UMNO? Baca sini http://wikisabah.blogspot.com/2011/01/truth-of-sas-issue-revealed.html

      Sudahlah Azroy mulut kamu berbau busuk dan tahu saja buat fitnah!

      Delete
    3. jRcy24 February 2012 at 14:08

      Nampaknya kenyataan yang diberikan ini seperti menjerat ketua mereka sendiri untuk menjawapnya.

      Delete
    4. Didong24 February 2012 at 14:11

      Ini bukan kerana UMNO atau pun bukan.Memanglah Wikisabah cakap macam itu. Wikisabah itu siapa yang punya. Mestilah dia menyebelahi pihak lain daripada kerajaan.

      YANG KITA TAHU DALAM SEJARAH SAS SENDIRI, BILAKAH MEREKA MENGALAMI KERUGIAN TERBESAR DALAM SAS.. SUDAH PASTI RAMAI YANG TAHU JAWAPANNYA. SEMASA YTL MENJADI KETUA MENTERI SABAH.

      Delete
    5. Anonymous28 February 2012 at 17:15

      Wikisabah SAPP punya...

      Delete
  11. Azroy23 February 2012 at 15:07

    why there are many poorer or even bankrupt in this state during 2 years YTL as chief minister of Sabah??

    ReplyDelete
    Replies
    1. Anonymous23 February 2012 at 15:41

      My answer is simple, it was due to the corrupted umno crooks who stole people money from SAS.

      Read here http://wikisabah.blogspot.com/2011/01/truth-of-sas-issue-revealed.html

      Sudahlah Azroy mulut kamu berbau busuk dan tahu saja buat fitnah! Insaf!

      Delete
  12. Unknown24 February 2012 at 14:06

    baguslah lembap daripada mengalami kerugian yang besar kepada para pelabur.

    ReplyDelete
  13. Alimah24 February 2012 at 14:07

    Sudah pasti SAPP tahu jawapannya. Kerana SAPP juga pernah menyebabkan kerugian besar kepada SAS.

    ReplyDelete
  14. Pemerhati28 February 2012 at 17:17

    You hold my dirty little secrets, I hold yours. We are equal.

    ReplyDelete

Subscribe to: Post Comments (Atom)