It is a indication that epf will not be able to perform.

It is mandatory for employees to contribute to retirement fund, why is the ceo saying about non existance. CEO saying this are not fit to be in that position, all funds managed by fund managers will encounter increase and decrease in fund sizes. Capable fund managers will adjust their profolios accordingly. Quite surprising to hear it in public by a top gun. It reflects the qualities of malaysian.....

What a tactic. To fool

Calvin wants to collect cheap shares bah. Hahaha

Insult

Calvin, do u know that insurance industries are closely monitored by bnm. I understand from ex-manager from a insurance company that the penalty from false claims by staff is high. So your argument that it is easy to manipulate insurance companies' expenses is a doubt on bnm's supervisory activities. Mnrb's businesses are reinsurance and takaful. Reinsurance involves taking part, said 2% to 10%, of other insurance companies' insurance portfolios. It is this feature of insurance business that reinsurance is more diversified in insurance risks than any insurance company in Malaysia. As long as the entire insurance industry in malaysia is profitable, mnrb will definitely be making profit. To simply infer 1mdb to all glc is an insults to msians

Calvin, mnrb or mrcb u can talking about.

Epf must be working with syndicates even after change of govt. They have the inclination to buy overvalued and sell undervalued stock. I wonder whether those fund managers acted for epf really maintain their retirement with epf. Pity the young msian

Haha, charles, u r real joker

Mnrb should be able to perform like takaful which was trading at pe 5 in 2009 at 1.30. Takaful has gone up about 10 times after taking into consideration of bonus shares, div etc

Charles, agreed with u. Haha

Nta rm5 and earning 42 cents. That gives return on equity of 8%. It is a huge discount if we calculate it on mnrb share px. That's why mnrb was trading at pe 5 before ex rights. Yet calvin saud it is no good.

Calvin, eventhough u complained about the 300 mils as high but mnrb still made 30 mils in the qtr and 136 mils for the year.

The Gardener, u should be the financia guru, very objective. Calvin is trying to mislead. Trust me for that

Calvin,

The 300 millions doubtful expenses u mentioned : was it in income statements?

Either a professional.... That is more appropriate for m game

Mnrb will test the wisdom if calvin. Haha

But the question how much more can EPF benefit from those low cost blue chips if they are already averaged up over the years and what if overseas markets crash. So we need EPF to be more prudent and not reckless in their investments. Hope Tony Pua can do something and not mere talking since EPF is under their watchful eyes.

Whitecapital : Seriously, a software or tech based company doesn't look at NTA, walang babi buto really, look at Facebook, Netflix, Amazon all those their NTA? You guys seriously dumb to the max... No wonder you guys need EPF to invest for you, or else you can barely get 6% return a year if you "invest" yourself, most likely going to go broke, and if market crash you all really go Holland

On Facebook, Amazon etc these are companies that are way overvalued and their prices have been appreciating over the years due principally to hypes. Amazon's PE of more than 100 and u said it is alright to put your money there. To you i think it is also alright to invest in Bitcoin.

For USA, logic does not work, USA's debt is the highest in the world and yet their USD keeps going up. Logically it should be the other way round. Crash and bankrupt.

EPF can maintain their 6% dividend due largely to their investment in some of the blue chips in malaysia which were carried forward at a low cost from years before. EPF declares dividend based on realised profits. As such, EPF only needs to sell some of the blue chips for dividend. Those unsold low cost blue chips will be carried forward. This mechanism allows EPF to even out the dividend rates. Very much the same way as PNB maintains the dividend rates for ASB by transferring Maybank shares between PNB and ASB.

Of course, EPF also profited from overseas investments due to depreciation of ringgits and the capital gains on foreign shares.

Peak earning 6 to 7 sens a year and dividend less than 2 sens a year., NTA 18 sens how EPF justifies to put our Msian's retirement fund into this type of company.

But our EPF is still buying MYEG at around 1.50. Funny!!!

Can anyone tell me how to alert LGE or Tony Pua on EPF's investments. EPF is like throwing our good money away thoughtlessly.

something is not right with EPF investment team. They are still buying overvalued counters. See how EPF will perform from Now.

Ya loh, give the existing small to get more to even out those higher price one. Hahaha

Even pnb controlled shares will end up this way. But for small investors, it is a good opportunity to own a priced insurance company at about the same cost as pnb although it appears that pnb has a hand in playing existing small guys out. See if Zeti can live up to her reputation and her recent comments that all companies under pnb need to perform. Let's keep our fingers crossed in the same way msian's new hope for the govt to perform

Natural disaster has costed mnrb dearly in the past from flood in Thailand and tianjin explosion . If mnrb still covers natural disaster risk overseas, then the management is not learning. In the two years, Mnrb's management had already made it clear that mnrb will not underwrite risky overseas exposure. My guess is the exposure is minimal or not exposed at all

Sosstupid, can't really figure out what u r trying to get at. Can we know what u think of mnrb in terms of value, management and transparency etc. Do u think it is a good candidate for investment if u r fund manager

Bursa Ceo said Malaysian places far too much savings in fixed deposit. MNRB is a classic case why Malaysian prefers Fd to listed companies. Despite having one of largest Malaysian govt fund as controlling shareholder, Nta rm5 and profit rm100 millions a year, shareholders are being asked to come up with more fund for expansion. Furthermore, Mnrb does not even have a dividend policy. To me, it is more of big guy bullying small guys. Even fund managers would think twice whether to invest this company.

It is normal. Very few investors bother about revaluation gain and loss. It is distorting only. When reit reported huge revaluation gain nobody said it is good until realised.

All those share buyback authorizations are just gimmicks

They can help Rev but can't afford to buy their own shares. Trademark of all glc.

They work with syndicates bah

10 yes ago, ammo was doing at 3+. 10 yrs later still 3+. Pbb maybe doing 5 10 yrs ago.

Ambank boss plays. Pbb creates value. That's the difference

It is their smart way of doing business. Paid a hefty premium to acquire others but can't doing anything to their own business. Genius!!!

Kahhoeng,

I am out of words for the efforts u have made.

Know

I wonder what is wrong with epf. I have been cursing for years about their investment decisions. They added digi when it was 6+. With 20% gain in foreign exchange they should sell foreign investment and bring funds back to msia. On one hand, msian representatives are going overseas to ask foreign funds to come to msia. But our top local funds said msia is not good enough, we better keep our funds overseas. I do not whether they are nuts or foreign funds r nuts.

Kahhoeng,

They read your comments as well. Will check with them to see if they call.