I have not checked, but yes, I would agree with you. Mathematically, all currencies weakened against the USD. The stringer ones weakened lesser, the weaker ones plunged. Hence, mathematically, RM wouldn't weaken so much against the SGD compared to against the USD.

But those Ppl sitting in Putra**** didn't notice

They can't do much anymore,... but then again,.. personally, they are safe,.. most of them are,...all loaded,...

those in PTJ is enjoying their overseas "working trip" now.

ain't have time for monitoring MYR movements

YES ! Couldn't care less abt us anymore !!

let's watch & see this time how many bags of stuff they will bring back from the "working trips"

Cause their assets are all in USD anyway.....

I am rather surprised and shocked at the BIG Q3 revenue considering the low Q1 and Q2 figures. Good indeed but ...

With the global economy trending downwards, Q3 comes out as the second highest in EPF history. That is very commendable.

True?

Or is this creative accounting (eg using past years carryover dividend, higher overseas assets in US$) to paint a better picture for the coming QE14?

I expect Q4 to be 10.7 - 14.5 billion. If it is at the higher end of my estimate, then QE14 may be 6 months away? Ha.

If I read it correctly, says the stock market contributed about 50% of Q3 revenue. I thought KLCI was not doing that well in Q3 looking at the index. Maybe from the good timing in buying and selling?


P/S One will say this guy is really hopeless, complain when EPF does not perform. Complain also when it announces high revenue! Ha.

don't think EPF does like ASx, c/fwd income from previous years..

well I guess EPF previous sales of foreign assets contributed the positive results..

and boss, their stock market exposure is not only KLCI.. but also North Asian and developed markets

This post has been edited by nexona88: Nov 22 2016, 05:00 PM

Despite gud Q3/16, b prepare for lower Dividend in 2016 as cumulative revenue of RM27.54 bil is still lower than preceding yr of RM31.58 bil

Bro,... Q4/16 is not here yet,...perhaps they are able to make a quantum leap in Q4,... then we will be able to match 2015 rev..

Thanks.



Using the average +/- 1 standard deviation to give me a graphical view of the performance, Q3 and Q1+Q2+Q3 as shown above.

Like I said before, if it is above the red line, then good news, if between the red and green lines, OK news, if below the green line, bad news. Ha.

Q3 performance is good news.

Overall Q1-Q3 performance is OK news. But inching towards the good news as it is just below the red line.

Any one here knows how many RM billion is invested overseas (stock markets, shares etc)?

I want to get some estimate on the "false" gain due to the higher US-RM exchange rate.

Thanks.

Wow,... good analysis,.. Plumberly,...

I hope so but cautiously optimistic

EPF buys CIMB Bank’s stakes in real estate funds for RM123mil
http://www.thestar.com.my/business/busines...s-for-rm123mil/

The fund invest in Australian commercial office assets

If, in this case, the EPF HAS NOT been politically compelled to 'absorb' this disposal from the CIMB, and if the EPF made it own decisions to acquire this asset, then I'm quite sure the EPF would have done its due diligence before purchasing this asset. The EPF must be seeing good opportunities in the Aus commercial asset sector.

We can never tell whether EPF has been instructed to carry out bailout service or not till shite happens.
eg MAS and Tajuddin Ramli case.

Well from my personal view, its both good opportunity & also some "pressure" to buy over..
As long the investment give good return. We all happy..

Yea black cat or white cat, as long as it catches mice, no one really cares

+1
Haha spot on