July 23, 2016 1:00 PM ET

Capital Markets

Company Overview of Employees Provident Fund of Malaysia

Company Overview

Employees Provident Fund of Malaysia is a national social security organization that provides retirement benefits to its members through management of their savings. The organization was founded in 1951 and is based in Kuala Lumpur, Malaysia.

EPF Building

Jalan Raja Laut

Kuala Lumpur,  50350

Malaysia

Founded in 1951

Key Executives for Employees Provident Fund of Malaysia

Head of Domestic Equity Department
Head of Equity Research Department
Head of Overseas Equity Department
Age: 58
Head of Quantitative and Performance Analysis Department
Compensation as of Fiscal Year 2016.

Employees Provident Fund of Malaysia Key Developments

Employees Provident Fund Announces Earnings Results for the First Quarter Ended March 31, 2016

Employees Provident Fund announced earnings results for the first quarter ended March 31, 2016. It's investment income fell by 36.21% to MYR 6.78 billion for the first quarter ended March 31, 2016 compared with MYR 10.63 billion in the same period last year. Segmentally, equities, which made up 41.43% of the EPF's total investment assets, contributed MYR 2.55 billion, representing 37.56% of the total income.

Ekovest Reportedly In Talks For Stake Sale IN DUKE

Ekovest Berhad (KLSE:EKOVEST) intends to divest 30% stake in Duta-Ulu Kelang Expressway (DUKE), (Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd) highway concession that includes a second phase in order to raise about MYR 1 billion. Sources stated that Ekovest is in talks with several parties that are valuing the highway concession at between $750 million and $1 billion. "Of course, we will sell for more than we bought it for. We must create value for the shareholders," Managing Director Datuk Seri Lim Keng Cheng told The Edge. No binding offers have been received, although many local and foreign parties have expressed interest. This includes the Employees Provident Fund of Malaysia (EPF), which has reportedly shown interest in acquiring a stake in the DUKE concession.

EPF Eyes More Infrastructure Assets, Not Discounting Duke Highway

Employees Provident Fund of Malaysia (EPF) is eyeing more infrastructure assets, going forward, and it is not discounting the possibility of acquiring an equity interest in the Duta-Ulu Kelang Expressway (DUKE) highway concession. EPF Chief Executive Officer Datuk Shahril Ridza Ridzuan said it had been aggressively looking at infrastructure assets with the right risk returns and strong cash flow. "We have invested significantly in highways the past few years and we are always open to new acquisitions. However, it may not necessarily be the DUKE as there are lot of other potential assets we are looking at this point of time," he said after Taliworks Corporation Bhd's annual general meeting and extraordinary general meeting here today.

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