As I said earlier, EPF doesn't work like UT. UT can hv negative returns in one year. It's apples to oranges.

You can look at EPF published quarterly results. For first 3Q 2019, they are already behind the first 3Q of 2018. At the same time, we know their asset size continued to grow from contributions. For them to beat last year 6.15%, their 4Q will have to be extremely good. I admit it is a possibility, but right now I will stick to a lower dividend forecast of between 5.5%-6%. And I say maybe on the lower side, to give some face to their PNB bros..

If my memory is still ok, revenue for 2018 was the highest in EPF history (Q1-3 revenues were higher than 2017 year total!). One expected the dividend to reflect that. But it did not. Of course, it is not comparing apple with apple as the funds it collected were higher than previous years. Still think the dividend rate for 2018 should be at least 1% higher.

My 2 cents, when things are good, the dividend may be slightly higher or even lower! Maybe to save some money for the coming bad years? But when things are bad, one gets the lower number with comments like  "very tough economy, etc., etc. "

Cheerio.

Epf is not asnb or any other mutual fund. They are not required to distribute 100% of their income. As per law they are required to give a minimum of 2.5% dividend per annum as per section 27 of EPF Act 1991.

I think, many beliefs that it is not so direct as...."EPF dividends are a result of the income from the investments done externally and internally by the EPF itself, ".....
for there had been unconfirmed "hidden reserves" to smoothen the dividend payout returns trends.....
thus this hidden reserves "may" have the possibility to "pinjam" to the Govt for use.

Most of those you mentioned already GLC, cronyism and pretty much monopolies by them. There's practically no direct competition of those you mentioned.

Anyway, it's up to government if those mentioned will have new player.

So if EPF gonna have that slice of pie, meaning us, rakyat have to pay more, resulting higher cost of living.
It's only so much earning EPF can dig thru there and epf  notice that, hence they allocated 39% of the capital in overseas equities.
If not mistaken, started with 32% and as of Q2 2019, 39%

Be it profit flows to crony or EPF, I don't care much. As long as it does not directly or indirectly have significant effect raising cost of living and provided the interest given by EPF is good

some people dont like the idea of epf revenue get ''slash'' due to government decision or profit flow to crony
just like my previous reply, i prefer epf bringing IN more RM(RM will strengthen) rather than depending on ''fishing in own pond.''

otherwise, epf will keep increasing holdings in malaysia rather than overseas holdings.

https://www.sinchew.com.my/content/content_2204314.html

Rakuten: 5.5-5.9%

BIMB: 6.15%

I always thought EPF first and foremost is maximizing the return for its member. Did not know that our money will be used to prioritize supporting local institution.

Very much agree..
I remember around 2015 or so, EPF holding around 400 or 500+ Malaysia stock which most of it aren't performing.

After they sold out and left around 120, they able to give slightly higher yield.

Even my unit trust holdinga, which only just 1 year, ROI 15% and 9.5% both focus on overseas, mainly US and China.

Seriously thanks to whoever approve EPF invest overseas. Otherwise, even if keep milking from rakyat, I highly doubt the interest will more than 5%

Not so sure about Forex gain tho. Did not remember or recall EPF statement on that. Afaik, EPF started overseas exposure right before 2016 and even then, the return are great. According to forummer from fsm thread, the bull run for equities started since 2015 to late 2017.

EPF already mentioned there's basically no more interesting/profitable asset to invest in Malaysia

And fund managers also agrees with that.
https://www.asiaasset.com/post/14170-epfreact-gte-0219

Since 2016, exposure was around 30% and as of 2019 September, it since up to 39%
Not to sure if BNM is imposing restrictions on EPF portfolio selection since there's increase in % overseas holdings

I think EPF website got listing of its top 30 holdings in Brusa.
You may check it there.

Gov already immune with Rakyat big hoohaa.

It is fair to say 4.5% is quite high compared with current situation, with Najib 1MDB drag down us all

Total income for first 3 quarters of 2018 : 39.88b
Total income for first 3 quarters of 2019 : 35.48b

Assume Q4 also same (it should be better since trade war is over. didn't pay attn to KLSE. did it go up a lot in Q4?)

Averaging Q4 with first 3 quarters, 35.48/39.88 x 6.15% = 5.47%

So it should be somewhere around 5.47%, depending on how Q4 performed.

I tested using android phone...
google KWSP.
the KWSP main page link ...seems to have page not available notice.
but just few links below ....got the 'overview"....I can access it and other pages thru that overview link

https://www.thestar.com.my/business/busines...nd-payout-poser

Result is out!

No lah. Have a read nonetheless.

However, should it have kept some `reserves’ last year, taking into account the leaner accounting standards for provisioning of diminution in value of investments, the EPF may just be able to spring a surprise by declaring a higher rate than the mid-5% range.[/CODE]