It is an investment fund.
They are allowed to liquidate or revalue their non cash assets anytime.
Profits can come from revaluation of assets. However, they don't need to monetise those assets immediately.

But they can still retain such profits as investment funds.
Likewise they can put their hand into this jar for dividends if need be.
Other words dividend declared does not necessarily equate profit for the year.

That's what I am saying. They can retain profits for future dividends.

Won't be that high.

Who knows? Depends how much they want to retain their profits

Below FD rate?

Realistic possibility looking at the current climate. They would need to retain cash to be able to prop up the market in the imminent downturn.
So yes, 5.25% is a real possibility.

Why is everyone so concerned with the dividends? What comes will come.

Dead don't need dividends

Well

Are you going to be expected to live to 100?

Rather Oxymoronic statement, dontchathink?

This post has been edited by prophetjul: Mar 31 2016, 11:49 AM

Of course it will have a guarantee.

Just not a written one. Only in spirit

Does anyone know how the EPF accounting is done?

Are these realised profits?

And what about those shares which are underwater? Are provisions taken to reflect the losses?

Just wondering

This MYR6.78 bil is the Lowest qtr in the last 17 qtrs except one, ie the 1Qtr13 whihc was 5.6bil.

Doesn't look good considering the last qtr being NMYR9.58bil.

Msia economy slowing down this year

So expect a big haircut on dividends this year

As a shareholder, Yeah i am interested how well my fund is doing. No?

i will when i have the time, which is kinda of a luxury at the moment

Show!

Thanks for sharing! It's good to know that EPF uses good and transparent accounting for its shareholders.
The above is a big help to understanding how EPF delivers its figures.

KUALA LUMPUR, June 11 — A bulk of debt-ridden Pembinaan PFI's funds came from a RM25 billion loan from the Employees Provident Fund (EPF), a parliamentary reply from the Finance Ministry has revealed.

According to the reply, however, the loan to the government-owned construction firm, which has reportedly racked up liabilities worth RM27.9 billion in liabilities as at end 2012, is guaranteed by government-backed land leases.

In a written reply to Shah Alam MP Khalid Samad, Finance Minister Datuk Seri Najib Razak revealed that EPF's portfolio exposure on government-linked companies up to March 31 totals RM79.99 billion and are in the form of fixed-rate loans and bonds/sukuk subscriptions backed by government and bank guarantees, and asset mortgage.

"EPF's investments in 1 Malaysia Development Berhad is limited to RM200 million, which is guaranteed by the Malaysian government.

"Meanwhile, EPF's exposure to Pembinaan PFI Sdn Bhd totals RM25.29 billion, which is guaranteed by a leaseback from the government.

"EPF does not provide any funding to Felda Global Ventures Berhad at this point," Najib said in the written reply to Khalid who had sought a list of EPF's investments in GLCs.

In March, Parliament's Public Accounts Committee (PAC) said it was satisfied with the explanation by Finance Ministry officials on how the federal government had issued bonds in the form of federal land leases through Pembinaan PFI to repay RM30 billion in loans from the country's two largest pension funds — EPF and the civil servants' pension fund Kumpulan Wang Persaraan (KWAP).

According to PAC chief Datuk Nur Jazlan Mohamed then, Treasury secretary-general Tan Sri Mohd Irwan Serigar Abdullah had explained to the PAC that Pembinaan PFI has so far utilised RM28 billion as at 2013 for public infrastructure projects, which were "generally issued through open tender".

The funds were sourced from two tranches of loans from EPF and KWAP, with the first payout of RM20 billion issued in 2006 and the second tranche of RM10 billion issued in 2012.

The loans will be repaid through bonds issued on a 15-year tenure up to 2027 for the first tranche and a 10-year tenure up to 2023 for the second tranche.

DAP's Serdang MP Dr Ong Kian Ming had previously urged the PAC to grill the Finance Ministry on RM27.9 billion in liabilities racked up as at end 2012, raising questions as to its procurement methods and its ability to repay its debts.

He also questioned why the federal government was channeling funds for development projects through Pembinaan PFI instead of using allocations from the country's annual budget, among other things.
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That's what we suspected all along.

Yeah

The Syariah compliant is just that. Religious compliance.

The low hanging fruits will always be given to ASB ,which is pretty much like BR1M, a tongkat for certain sectors of the population.
Keep it in ASB.