Hann Liew, CFP, CFA
@ooihann
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Fintech Entrepreneur & Fund Manager in KL 🇲🇾 (Founder & CEO @HalogenCapital). Ex-@RinggitPlus. Also a stats nerd trying to make finance easy for Malaysians.
Kuala Lumpur
Joined July 2009
Between the lines, we got the petrol subsidy mechanism?. - RM100 into everyone's NRIC (22m adults). - NRIC now as a means for payment and validation of citizenship; so.- Use NRIC to pay for RON95. RM1.99/L, market price otherwise will be shown for non NRIC holders. Right?.
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RT @HalogenCapital: Good morning. After a string of weak US data, a slightly-better-than expected jobs report helped turn sentiment risk-on….
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So, assuming things stay as they are and both the Malaysian 🇲🇾and Global🌏economies stay on current trends as 1Q, we're looking at a 5.3- 5.5% 2025 EPF Dividend. If you enjoyed this short thread, do give me @ooihann.a follow, I tweet on finance-y stuff here in Malaysia! . n/n.
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How this affect EPF dividends? . Well, 1Q is still early in the year, but if the 13% decrease continues, alongside the increase in AUM (say avg. RM1.3trn in 2025). 4 x RM18.3bn = RM73bn. 73bn / 1.3trn = 5.6%. If payout = 95-98% of income, that's a 5.3-5.5% 2025 Dividend. 4/n.
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EPF top level #: .- AUM = RM1.26 trn (up slightly from RM1.25 trn in Dec 2024) .- Asset Class: 43% Equities, 48% Fixed Income, 2% Money markets, 7% Real Estate/Infra .- Geography: 38% Overseas 🌏, 62% Domestic🇲🇾.- Portfolio income: RM18.3bn vs RM21bn in Q1 2024 (-12.8%) . 3/n.
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Yesterday (June 3) @KWSPMalaysia announced their 1st quarter 2025 statement. Last year's 2024 EPF dividend was 6.3%, this year's will likely be lower. Have a read, or if you want a tldr, I'll break a little down for you here. 2/n.
kwsp.gov.my
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KWSP 🇲🇾 released their 1Q 2025 report yesterday. Looks like a lower 2025 EPF Dividend on the horizon. Key # s .- 12.8% decrease in income vs. 1Q 2024 .- RM1.26 Trn record AUM .- 50% equity/REI : 50% bonds/mm .- 16.3 mil members (8.9 mil active) .- 616k employers . 1/n.
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“Crypto got tax ah?” . Got, but maybe you can optimise and have the right legal tax avoidance strategy!. Join this year’s edition of our most attended webinar of 2024, now refreshed with all the latest crypto tax insights for 2025. See you 14th May at 10am!.
🚨 NEW WEBINAR ALERT🚨. Are you wondering about the tax implications of your crypto investments in Malaysia?. Whether you are a trader or long-term investor, it’s essential to understand how these are treated under the Malaysian tax law. Join our webinar with Tien Yee Tan, Tax
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RT @TheFuturizts: Mark Your Calendars For 26th April (Saturday)! 🗓️. Halogen Capital CEO @ooihann will be giving a Crash Course on Financia….
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2024 EPF Dividend = 6.30%. Equal for both Conventional and Shariah for the first time. High payout ratio 98.3% of investment income (usually 90-95%). Interesting.
KWSP mengumumkan kadar dividen sebanyak 6.30% bagi Simpanan Konvensional, dengan jumlah agihan sebanyak RM63.05 bilion dan 6.30% bagi Simpanan Shariah, dengan jumlah agihan sebanyak RM10.19 bilion. Ini menjadikan jumlah keseluruhan agihan untuk tahun 2024 sebanyak RM73.24 bilion.
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My 2024 EPF Dividend Estimate = 5.8-6.1%. And unlike most 'sources' or 'analysts', I show my work. .
EPF 🇲🇾released their 3Q 2024 report! Dividend how? . Headline numbers:.- a 20% increase in investment income from RM47.86bn 9M23 to RM57.57bn. 🚀 🚀 .- RM1.22 Trn record high assets.- 38% overseas investments, 62% domestic. What does this mean for our KWSP 2024 Dividend? 🧵 . 1/n.
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RT @HalogenCapital: Bitcoin dips $100K, now at $93K— what’s next? 🔴 . If you’re wondering what just happened and what this means for your p….
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Malaysia 🇲🇾2024 GDP Growth = 5.1% 🚀.Q4 2024 = 4.8%.(advance estimates). For reference, 2024 GDP growth:.China = 5.0%.Singapore = 4.0%.Thailand = 2.6 - 2.8% (est.).USA = 2.7 - 2.9% (est.).EU Area = 0.8 - 1.0% (est.). Yes, 🇲🇾GDP exceeded even China's in 2024. Decent actually.
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RT @SecComMalaysia: The SC welcomes PMX’s announcement to explore a #digitalfinance policy recognizing #Crypto & blockchain. This aligns wi….
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One thing I tell all investors (not traders) always. Look less at what price BTC is at (although it's fun/notfun), and more about what your portfolio current exposure is. If you're on 0%, get off 0. If you're above your target allocation, don't forget to rebalance a little.
Bitcoin has hit $97,000 - have I missed the boat?!. It’s a common question we hear from investors who feel like they’ve missed the big wave in Bitcoin. But here’s the thing, investing in cryptocurrency is a long term journey and there are still massive opportunities on the
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So, assuming things stay as they are and both the Malaysian 🇲🇾 and Global 🌏 economies stay on current trends as per 2024 so far, we're looking at a 5.8-6.1% 2024 EPF Dividend!. If you enjoyed this little thread, do give me .@ooihann a follow, I tweet on finance-y things!. n/n.
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So our 2024 Dividend how?. Assuming avg 2024 AUM of RM1.2 trn (we started the year at RM1.13 trn and will likely end at RM1.25 trn). If you annualise the 9M performance = RM76.76bn income. 76.76 bn / 1.2 trn = 6.4%. Dividend Payouts usually ~90-95% of income = ~5.8-6.1% 🔥. 5/n.
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Some things I noticed in this quarter's edition of the EPF release:.- they omitted mentioning mark to market income vs last year except for the FX part.- they reverted back to saying 'investment income' from 'distributable income' last time. So, harder to forecast dividends?. 4/n.
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Investment Income:.- 🔺 RM19.67bn Q3 2024 vs RM14.67bn Q3 2023 .- 🔺 RM57.57bn 9M 2024 vs RM47.86bn 9M 2023. Growth factors:.- Overseas: 53% of income vs 38% of portfolio.- Equity: 93% of income vs 44% of portfolio. Offset by losses from MM + Infra due to MYR strengthening. 3/n.
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