EPF declares 6% dividend payout

Quote from TheStar (link) :

PETALING JAYA: The Employees Provident Fund (EPF) Board has declared a dividend of 6% for 2011 the highest in the last 10 years.

In a statement yesterday, EPF said the dividend, an increase of 20 basis points over the 5.8% paid out in 2010, translates to RM24.47bil being distributed to its members.

“2011 marks another commendable achievement for the EPF.

“Despite the challenging investment landscape, it was the strongest performance since 2001 that affirms our long term and prudent investment strategy combined with continuous efforts by our investment team,” said EPF chairman Tan Sri Samsudin Osman.

The dividend payout of the RM24.47bil was derived after deducting net impairment allowance on financial assets, investment expenses, operating expenditures, statutory charges and dividend on withdrawals, representing an increase of 13.23% compared to RM21.61bil recorded in 2010.

EPF also posted a gross investment income of RM27.24bil up 13.18% from 2010.

As of Dec 31 last year, EPF's total investment assets continued to register a healthy growth of 6.52% to RM469.22bil from RM440.52bil recorded in the previous year.

“This rise was primarily contributed by the positive net annual contributions from members and employers, and consistent and encouraging investment performance,” it added.

EPF said it continued to invest the bulk of its investment assets, which is 60.79%, including in equities, which represented 35.64% of total assets.

Equities were the largest income contributor at RM13.29bil representing 48.81% of total investment income.

“This is followed by loans and bonds, Malaysian government securities and money market instruments which contributed RM7.54bil, RM5.63bil and RM656.36mil respectively,” it said.

Samsudin said that while the EPF could not guarantee that it could maintain this performance amid the global economic and market uncertainties, it was committed to safeguarding and adding value to members' retirement savings, particularly against inflation.

Members may check their EPF Account Statements for the crediting of the 2011 dividend, either through EPF Kiosks, counters or i-Akaun from today.

Sold MBSB-WA this morning, 3rd February 2012

I have just sold my mbsb-wa @ 1.30 for a handsome 84% profit.  It has gone beyond my target price, as such, I'm pretty happy with how it ends.  My average entry price was at 0.705.  The market has been bullish since end of last year up until now.  I intend to take the opportunity to realize my profit and wait for the next opportunity to enter the market.  The objective now is to raise capital and be ready for the day to come.

MBSB just released its 4th quarter report

MBSB, a shining star in my portfolio, has been rising steadily for the last 2 months, has just announced its 4th quarter earnings.  I must say, however, it came below my expectation.  Nevertheless, it is still a profitable quarter, 347 millions in revenue with a net profit of 83.8millions, translating to an eps of 8.35cents.  The annualized eps came in at 32.42 cents.  It is a great year for MBSB for its net profit tripled.   The stock traded 2.23 at closing today, which is equivalent to PE of 6.88.

The company also proposed a final dividend of 7cents less 25% tax.

Overall, despite it came under my expectation, it is still a good quarter for MBSB.   Tomorrow's opening hour will be closely watch by me.

Gong Xi Fa Chai - Welcoming the Year of the Dragon

The last 30 days has been filled with much festive mood, going from Christmas, to New Year and now Chinese New Year.  The overall market has been pretty upbeat as well with Dow Jones reaching 12,500 points while KLSE staying above 1500.  The quarter earnings release month has also just started.

Just released last night, HuaYang did it again with another fantastic quarter.  The stock price has been steadily on the uptrend since it has received a Buy call from investment banks.  I am still holding dearly to my HuaYang.

Another stock that has been rising rapidly is MBSB.  My current paper gain on the stock, MBSB-WA, has surpassed the 50% mark.  MBSB is due to release its quarter earnings in February.

I would like to take this opportunity to wish everyone a very Happy Chinese New Year & Happy Holidays.  Drive safely and be a good investor.  HUAT AH !

Portfolio Performance as of Q4 2011

First of, Happy New Year to everyone.  I know there is not a lot of activity in my blog lately, but that's because there hasn't been any trading activity recently.  So here it is, my portfolio performance for year 2011 (as of 31st December 2011)

Stock	Purchase Date	Selling Date	Purchase Price	Selling Price	Current Price	% Gain/Loss
Mitra	26-Apr-10	17-Jan-11	1.20	1.87		55.83
Bjcorp	18-Aug-10	25-May-11	1.03	1.17		13.59
Fajar-wa	25-Aug-10	10-Jan-11	0.52	0.79		51.92
Mudajaya	27-Aug-10		3.075*		2.19	-28.78
Mudajaya	13-Jul-11		3.345*		2.19	-34.53
Supermx	17-Sep-10		4.305		3.83	-11.03
Alam	23-Nov-10	17-Jan-11	1.15	1.18		2.6
Tws	23-Nov-10		3.97		10.04	152.9
Tws	22-Aug-11		9.09		10.04	10.45
P&O	1-Dec-10	2-Dec-11	0.775	0.79		1.94
Huayang	1-Dec-10		0.7125*		1.18	65.61
Huayang	20-Oct-11		1.215*		1.18	-2.88
Mbmr	22-Dec-10	17-Oct-11	3.35	3.00		-10.45
Gunung	23-Dec-10		0.765		0.65	-15.03
Pjdev-wc	25-Jan-11		0.305		0.21	-31.15
Tambun	11-Feb-11	11-Aug-11	0.705	0.67		-4.96
Glomac	24-Feb-11		0.86		0.80	-6.98
Pantech-wa	28-Feb-11		0.325		0.20	-38.46
APM	22-Apr-11	17-Oct-11	5.00	4.85		-3.00
Armada	21-Jul-11	5-Aug-11	3.03	4.00		32.01
Mbsb-wa	5-Aug-11		0.705		0.91	29.08
Digista	18-Oct-11		0.405		0.44	8.64

HuaYang :
Due to Bonus Issue of 3:1,  the entry price has been adjusted to reflect the after bonus issue price.   I intentionally split Huayang into two entries to better reflect on my portfolio performance.

Comments :
Despite many heavy losses (high percentage) on several investment I made earlier, the fundamental aspect of it remained intact.  As such, I will continue to hold on those shares.  Towards the second half of the year, I have disposed off several stocks mainly due to weakening of earnings and also to raise capital.  Overall, I still made a handsome profit for the year 2011 and aiming higher for year 2012.

Sold PandO today, 2nd December 2011

It's almost end of the year.  There is a sudden rally for the past few days.  I'm taking this opportunity to release some of my less performing stocks.  PandO being one of them, sold @ 0.79.  My entry price was at 0.775 and in between, there's a dividend of 5c less 25% income tax.  In a way,  I'm just earning the dividend.  The euro crisis is still not solved.  The recent combined action by Central Banks gives the market some hope, but in my opinion, it's just a delayed of the inevitable.  Hence, I'm trying to raise as much cash as possible and wait for the bear to come.

Received first dividend in November by TWS

It's now November and I'm back from my vacation in Taiwan.  A very nice trip but tiring coz walked too much.  Will post about my Taiwan trip later.  Back on the topic of investment, I just received my first dividend for the month of November, by TWS, 20cents less 25% income tax.  TWS has been giving out more dividend as the earnings continue to rise.   This is just first interim dividend.   Hoping there will be similar or more dividend going forward.