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 Tabung Haji Savings, Tabung Haji Savings

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shadow_walker
post Feb 3 2017, 04:53 PM

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wow announced already. quite early this year..last year announce high so need extra time to try find money..lol

but people need to understand that the dividend is 4.25% only its already deducted 2.5% for zakat purpose. so gross is actually 6.75%

i wonder people who save in ASB whether they pay zakat anot hmm.gif hmm.gif hmm.gif
Hansel
post Feb 3 2017, 05:51 PM

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QUOTE(shadow_walker @ Feb 3 2017, 04:53 PM)
wow announced already. quite early this year..last year announce high so need extra time to try find money..lol

but people need to understand that the dividend is 4.25% only its already deducted 2.5% for zakat purpose. so gross is actually 6.75%

i wonder people who save in ASB whether they pay zakat anot  hmm.gif  hmm.gif  hmm.gif
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How much was the dividend rate last year, with and w/o zakat contribution ?
SUSxeda
post Feb 3 2017, 06:12 PM

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QUOTE(shadow_walker @ Feb 3 2017, 04:53 PM)
wow announced already. quite early this year..last year announce high so need extra time to try find money..lol

but people need to understand that the dividend is 4.25% only its already deducted 2.5% for zakat purpose. so gross is actually 6.75%

i wonder people who save in ASB whether they pay zakat anot  hmm.gif  hmm.gif  hmm.gif
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5% last year vs 4.25% is a HUGE drop for just ONE year. Whether zakat is paid or not is irrelevant because everybidy is looking at the drop year on year.
kentchow75
post Feb 3 2017, 06:15 PM

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Very steep drop in one year, we can only submit to whatever they announce
theevilman1909
post Feb 3 2017, 06:25 PM

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5% vs 4.25%..

that's steep drop in 1 year..

TH must be losing money
shadow_walker
post Feb 6 2017, 09:16 AM

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TH is bleeding money last year..huhu

TRX 1mdb land bought cash 200million (who the hell does that?? lel)

THHE(sinkhole of money) & CBT of the funds by their officer..lel

too much mang..so expected its hit hard..2015 oledi sold alot assets in UK. 2016 nothing to sell anymore..TRX land wanna sell oso nobody wanna bought..lol


max_cavalera
post Feb 6 2017, 10:12 AM

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QUOTE(nexona88 @ Feb 3 2017, 02:14 PM)
Wow the rate is quite low, especially those who don't get bonus..
Near to FD rate already devil.gif
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Very low for TH.

Money dried up this year.

Maybe even last year they were overpaying dividend as exposed by BNM caution later to TH
nexona88
post Feb 6 2017, 10:18 AM

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QUOTE(max_cavalera @ Feb 6 2017, 10:12 AM)
Very low for TH.

Money dried up this year.

Maybe even last year they were overpaying dividend as exposed by BNM caution later to TH
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Wonder how would be for next year hmm.gif
max_cavalera
post Feb 6 2017, 10:38 AM

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QUOTE(nexona88 @ Feb 6 2017, 11:18 AM)
Wonder how would be for next year hmm.gif
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Quite hard since their Board of Director a lot of politically connected guy...

sometimes their investment move is not due to profit oriented but politically motivated to be the fall guy....
nexona88
post Feb 6 2017, 11:47 AM

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QUOTE(max_cavalera @ Feb 6 2017, 10:38 AM)
Quite hard since their Board of Director a lot of politically connected guy...

sometimes their investment move is not due to profit oriented but politically motivated to be the fall guy....
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Hmm true..
TH really politically connected...
Guess someone gonna be axed soon devil.gif
dasecret
post Aug 3 2017, 02:31 PM

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Thought I'd keep tab using this thread. So as usual I continue to monitor if the Tabung Haji annual report is out. As of 3/8/2017, the 31/12/2016 annual report is not out yet.

They really need to improve on timeliness of reporting as one of the large Gov linked investment corporation (GLIC)
jep
post Aug 3 2017, 03:04 PM

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Heard that they want to invest in FGV...abisla..EPF also lari..
dasecret
post Aug 28 2017, 04:25 PM

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So the Tabung Haji annual report is out

I focuses more on financial statements. Numbers don't bluff (or bluff less)

https://cms-th.s3.amazonaws.com/Lembaga+Tab...l+Statement.pdf

Good news - the unrealised losses on AFS investments is less than 2015, only RM600m

Bad news - Retained earnings is negative RM700million at group, looks like it's due to negative retained earnings from the subsidiaries. The fund's retained earnings is still slightly positive at RM79million
Its associates - Pelikan and THHE both make huge losses during the year and worth much less than what the fund paid for
Investment properties recorded a RM300 million fair value loss which is 4.2% over total IP value, makes you wonder how properties can make such big loss
There's a RM300million goodwill in the group, can't really find details of which CGU this is from so can't tell if impairment may be needed.
The provision for retirement benefits of RM500million is also not funded, means no planned assets injected into the retirement plan. This is not a good idea. When they start to pay for the retirement benefits then they would scramble for cash as the fund fully paid out the earnings to the depositors. The returns to depositors would reduce in the future due to this cost as well. The provision amount might be significantly higher as the medical inflation rate used is only 4.5%-5.5%. We all know the actual medical inflation rate.
O/T: It's damn good employment benefit though, muslims should consider joining TH just for this benefit

Tabung Haji still doesn't like to impair its investments unlike EPF who would do that actively
theevilman1909
post Aug 28 2017, 04:52 PM

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what I know..

not easy to join TH nowadays..

the job "quota" full.. also have some "waiting list" devil.gif
Hansel
post Aug 29 2017, 01:11 AM

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QUOTE(dasecret @ Aug 28 2017, 04:25 PM)
So the Tabung Haji annual report is out

I focuses more on financial statements. Numbers don't bluff (or bluff less)

https://cms-th.s3.amazonaws.com/Lembaga+Tab...l+Statement.pdf

Good news - the unrealised losses on AFS investments is less than 2015, only RM600m

Bad news - Retained earnings is negative RM700million at group, looks like it's due to negative retained earnings from the subsidiaries. The fund's retained earnings is still slightly positive at RM79million
Its associates - Pelikan and THHE both make huge losses during the year and worth much less than what the fund paid for
Investment properties recorded a RM300 million fair value loss which is 4.2% over total IP value, makes you wonder how properties can make such big loss
There's a RM300million goodwill in the group, can't really find details of which CGU this is from so can't tell if impairment may be needed.
The provision for retirement benefits of RM500million is also not funded, means no planned assets injected into the retirement plan. This is not a good idea. When they start to pay for the retirement benefits then they would scramble for cash as the fund fully paid out the earnings to the depositors. The returns to depositors would reduce in the future due to this cost as well. The provision amount might be significantly higher as the medical inflation rate used is only 4.5%-5.5%. We all know the actual medical inflation rate.
O/T: It's damn good employment benefit though, muslims should consider joining TH just for this benefit

Tabung Haji still doesn't like to impair its investments unlike EPF who would do that actively
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Tq dasecret,... thumbsup.gif
Hansel
post Aug 29 2017, 01:21 AM

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QUOTE(theevilman1909 @ Aug 28 2017, 04:52 PM)
what I know..

not easy to join TH nowadays..

the job "quota" full.. also have some "waiting list" devil.gif
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It's been like that for a few years,.. or for many years,... haha, I remembered I asked almost ten years ago and they said no slot, and then only a Muslim or a Bumiputra or someone like that can join.

And then there are many on waitlist too,...
gruntz99
post Sep 10 2017, 11:03 PM

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So ASB still better option than TH just for dividend alone which higher over the years.
On a note side
QUOTE(davinz18 @ Jan 8 2014, 05:06 PM)
Dr M asks Tabung Haji to invest in hi-tech industries

Tun Dr Mahathir Mohamad today asked the Pilgrims Fund Board (Tabung Haji) and other funds to invest in high technology industries.

The former prime minister said Malaysia has many funds with huge capital amounting to billions of ringgit but most of their investments are focused on building skyscrapers.

"Actually, investing in sophisticated industries can better help us to realise our vision of becoming an advanced nation," he said

Dr Mahathir said constructing highrise buildings without using high technology while using foreign workers would eventually "result in the outflow of income from our country."

"If we venture into high technology industries, we can utilise our engineering and scientific expertise to give higher salary in tandem with the government's plan to transform Malaysia into a high-income nation," Dr Mahathir told a media conference after delivering a keynote address at the 6th Corporate Directors' Seminar hosted by Tabung Haji.

Dr Mahathir, said the benchmark of an advanced nation was not merely the per capita income and gross revenue of a nation but also the aspect of sophistication and technological advancement of a nation.
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http://www.thestar.com.my/business/busines...ks-overheating/

Unfortunately, the pilgrimage board has little options as it only invest on shariah compliant listed firma.
niceworld88
post Sep 11 2017, 06:03 PM

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QUOTE(jep @ Aug 3 2017, 03:04 PM)
Heard that they want to invest in FGV...abisla..EPF also lari..
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damn regarding FGV..bought their shares.. and make losses bangwall.gif
SerioseCat
post Jan 3 2018, 03:24 PM

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any predictions for 2017 dividends? Up or Down?
maxizanc
post Jan 3 2018, 04:09 PM

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QUOTE(SerioseCat @ Jan 3 2018, 03:24 PM)
any predictions for 2017 dividends?  Up or Down?
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Above 5% hopefully

5.5% maybe?


Last year dividend too low

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