epf has 1bil++ shares in MrDIY. MrDIY gives dividend min 1sen every quarter. MrDIY has bn in the market for around 5 yrs already. That's RM40mil per year and RM200mil until today. Just another 5 yrs, epf will get 50% extra on top of what they have.

Pinduoduo is making its presence here in Malaysia. But we need to be aware Pinduoduo has no local outlets, warehouses or staffs. Pinduoduo shipping fees are free but I dont think they can hold on to this as crude oil price becoming more expensive with Houthis attacking Aramco refineries, storage tanks and Iran retailiates against US attacks on 10 of their VLCC tankers. Just like MrDIY, Pinduoduo sells to households and small retailers. And customers just walk in and take home their tools.BUT unlike MrDIY, Pinduoduo products do not meet Malaysian Safety standards e.g. MS standards. Household consumers buy tools they need at the stores and they want tools available immediately. While Pinduoduo needs 14 days minimum to send their tools and reach to our house. Addition to that, customer can get refund or warrantty or aftersale service from MrDIY when they buy tools. MrDIY generates income to Malaysian Government. They pay taxes SST, corporate tax, import dutis and etc. Malaysian Government is working on introducing e-commerce compliance costs and needs Pinduoduo to meet Malaysian regulations & standard requirements e.g. SIRIM, DOSH, MCMC & Suruhanjaya Tenaga. Malaysian Government does not want to loose this income.

There are many big stakes fund managers and partners in MrDIY including EPF, KWAP, Creador and MRDIY business family. But especially for institutional funds, they have their portfolio value to take care off. MRDIY's dividend is their defense. They will step in sometimes. We will see when that time comes.

The Malaysia Retail Chain Association (MRCA) has proposed that the government implement stricter policies and equalise surcharges on cross-border e-commerce transactions, including the stricter enforcement of the sales tax on low-value goods (LVG), to secure national revenue.
The association said local brick-and-mortar retailers continue to face substantial compliance disparities compared to untaxed or under-taxed foreign e-commerce platforms offering ultra-low prices.
"This structural imbalance not only threatens local enterprises but results in significant tax base erosion for the nation,” MRCA said in a statement on its Budget 2027 wishlist today.
It also called for stringent regulatory controls to mitigate the proliferation of counterfeit and inferior goods on e-commerce platforms, thereby protecting consumer safety, preserving quality standards, and defending the intellectual property of legitimate brand owners. - TheStar