Posted by Jack888 > 1 month ago | Report Abuse

MNRB is going to move uptrend soon..

Posted by pang72 > 1 month ago | Report Abuse

Your last day to get in to the insure and insure company.
Consolidation shld finish.

Posted by Jack888 > 1 month ago | Report Abuse

Hope can touch 2.00 before end of this month.

Posted by troy88 > 1 month ago | Report Abuse

This one should slowly catch up. My other insurance king Allianz already soaring..

Posted by pang72 > 1 month ago | Report Abuse

... Good...
Hopefully you all get the green packet...
... $2 mari

Posted by Jonathan39199 > 3 weeks ago | Report Abuse

Those who missed this counter, go for another dirt-cheap alternative MANULIFE!
Volume started rising, shooting up soon!

Posted by stockraider > 3 weeks ago | Report Abuse

At Rm 1.81 it is still very cheap mah!

Posted by Moratorium > 2 weeks ago | Report Abuse

RM1.60 is even cheaper, thank you to the thrower...

Posted by wallstreetrookieNEW > 2 weeks ago | Report Abuse

One month ago I was bearish on MNRB because I spotted bearish flows coming from Maybank IB (IVT trader account). Huge lot size sell-off.

As MNRB's share price hit RM1.62 on Friday, I have turned bullish on the company again. Reinsurance profit will continue to increase due to improved investment income from FI and equity as well as improvements in net earned premium (NEP). For the next financial quarter, investors want to see
(1) higher margins for re-insurance profits
(2) how the company management deal with higher interest rate (higher for longer IR)
(3) how co deals with capital calls
(4) Further rebound in family takaful business [Takaful Ikhlas]

Posted by wallstreetrookieNEW > 2 weeks ago | Report Abuse

My next PT for MNRB is RM2.20 as MNRB is safe from the broad market sell-off. Cautiously optimistic before the next quarterly earnings (expected late May)

Posted by wallstreetrookieNEW > 2 weeks ago | Report Abuse

RM1.65 is a good entry point if the Maybank IVT trader throws his shares at bid this Monday.

Posted by wallstreetrookieNEW > 1 week ago | Report Abuse

All eyes on MNRB's Reinsurance/Retakaful revenue
Key ST tailwinds:
(i) Investment Return for Reinsurance & Retakaful - FYE 2023: RM74.3M | FYE 2024: RM168.9M (+127.5%) as a result of the shift towards Managing General Agents MGA model for claims
Q2 2024 estimate for re-insurance returns is approx RM65 million (base case) and RM87 million (best/bull case)
(ii) Signed MoU with CPPIC to offer oncology services
(iii) Two-fold increase (>150%) in Takaful Ikhlas business on the back of outstanding growth in the Corporate Solutions & Bancassurance segments
(iv) Gross written premium for overall Group at a steady growth rate of 14.2 CAGR as of 05 March 2024
(v) Minimal impact from Malaysian Re (Dubai) unit since according to AM Best, the low peneration and extensive reinsurance as well as hedging by insurance companies suggests that the recent flooding would be manageable for insurers

Posted by wallstreetrookieNEW > 1 week ago | Report Abuse

[[The motor segment is most vulnerable to natural catastrophe events for the UAE’s primary insurers as these risks are largely retained by the market. AM Best notes this catastrophe is likely to cause a significant deterioration in the performance of motor portfolios due to flooded roads and car parks can quickly result in a large number of losses. Although it is predicted that these risks will be largely retained by the market.

However, the motor policy standard imposed by the UAE’s Ministry of Economy does not cover natural disasters, leaving insurers the choice of whether to offer this coverage. Typically it includes flood cover; however, these represent a minority of premiums with most customers opting for cheaper third-party liability policies.

The changing weather trends have already influenced the behaviour of insurers across the wider Gulf Co-operation Council (GCC) region, notes AM Best. In 2023 and early 2024, the market observed an increase in hailstorms and heavy rainfalls that notably caused flash floods with some insurers starting to take action to reduce potential losses through loss mitigation tactics.]]

Posted by katara > 22 hours ago | Report Abuse

QR so good!

Posted by GLNT > 22 hours ago | Report Abuse

Crazy results! To the moon!

Posted by Albukhary > 21 hours ago | Report Abuse

I feel something wrong with the QR.
Look at the cash flow statement. Operating cash flow so little.
Cash balance reduce so much.
Revenue drop.
But Net Income Increase so much, and this doesn't make sense at all.
Just compare it to LPI and ALLIANZ, you will see this figure does make sense

Posted by Albukhary > 21 hours ago | Report Abuse

Alert Signal:-
1) Revenue drop
2) Cash Flow Statement
3) Cash and Bank Balance

Posted by Albukhary > 21 hours ago | Report Abuse

Don't buy the Call Warrant, those IB will throw all their share to you.

Posted by Albukhary > 21 hours ago | Report Abuse

Let wait some expert / guru to analyze this stock tonight.
Insurance industry QR too difficult for ordinary people to understand.

Posted by katara > 21 hours ago | Report Abuse

better buy takaful6139

Posted by wallstreetrookieNEW > 21 hours ago | Report Abuse

MNRB is still trading 30% below intrinsic value. Next price target is RM2.90

Posted by wallstreetrookieNEW > 21 hours ago | Report Abuse

Huge surprise profits from family takaful and reinsurance profit. Congrats to MGMT for the blowout quarter

Posted by ykloh > 21 hours ago | Report Abuse

Don't be too optimistic about reinsurance. Floods UAE can result in heavy losses.

Posted by pang72 > 20 hours ago | Report Abuse

Blow out result

Posted by pang72 > 20 hours ago | Report Abuse

Add more

Posted by pang72 > 20 hours ago | Report Abuse

QR 29.71c can be sustained for next quarter will beat LPI and ALLIANZ...

MNRB is not purely reinsurance company but general insurance company leads the business

Posted by Moratorium > 20 hours ago | Report Abuse

Wow, I queued to sell at 1.85 this morning, got it done at 2.25 at market open this afternoon. TQ TQ

Posted by pang72 > 20 hours ago | Report Abuse

I suppose limit up today with such great QR..
It is unbeatable... Champion profit in bursa

Posted by pang72 > 20 hours ago | Report Abuse

But sell at $2.22..

Posted by pang72 > 20 hours ago | Report Abuse

It is way way undervalued

Posted by pang72 > 20 hours ago | Report Abuse

$2.34 limit up price which people queue up before 2.30pm opening..
This is so amazing

Posted by pang72 > 20 hours ago | Report Abuse

So, let's closing be $2.34 again to close up for today

Posted by Moratorium > 20 hours ago | Report Abuse

I think I will keep some for dividend... I wonder if can give 15 cents div for this year?

Posted by pang72 > 19 hours ago | Report Abuse

1.2mils shares queue buy at limit up price $2 34..

Well done MNRB:)

Posted by pang72 > 19 hours ago | Report Abuse

You shld know the outcome today

Posted by pang72 > 19 hours ago | Report Abuse

$2.32 nothing much to say...beside good job to management..
Excellent new strategies foray into takaful family business..

KUALA LUMPUR: MNRB Holdings Bhd (MNRB) has appointed Zaharudin Daud as the group chief executive officer (GCEO) designate as of 1 September 2020

Posted by klee > 19 hours ago | Report Abuse

Purposely dunwan limit up,miss just by 2 sen only.Tmr can push big time again.

Posted by Johnzhang > 18 hours ago | Report Abuse

It’s Takaful in the making . Takaful is $3.66 today.

Posted by Johnzhang > 18 hours ago | Report Abuse

Takaful share price should serve as good reference to whether MNRB’s potential is fully priced in .

Posted by pang72 > 18 hours ago | Report Abuse

This is just the beginning for MNRB to be takuful 2.0, LPI, 2.0 and ALLIANZ 2.0..

Posted by pang72 > 18 hours ago | Report Abuse

Wonder didn't limit up..
But, good for those miss out to grab lol

Posted by troy88 > 3 hours ago | Report Abuse

Well done! Fantastic!

Posted by smartepf > 2 hours ago | Report Abuse

Profit up due to reduction of Insurance Expenses! not sustainable!

Posted by speakup > 1 hour ago | Report Abuse

Sour grapes spotted 🍇

Posted by KeepLearning > 1 hour ago | Report Abuse

2019
Takaful EPS 0.43
Share price at RM 7
PE 16


2024 MNRB
EPS 0.55
Share Price RM2.2
PE 4

Don't ask for more
PE 10 for MNRB more than enough

Posted by klee > 35 minutes ago | Report Abuse

Last QR eps 10.8 Maybank target RM1.7
Now current Qr eps 29.7....Maybank will revise target to ?

Posted by klee > 35 minutes ago | Report Abuse

simple maths..

Posted by klee > 33 minutes ago | Report Abuse

yesterday spiked 52 sen,profit taking down 12 sen is nothing...

Posted by Learner68 > 22 minutes ago | Report Abuse

Digesting is taking place. If it's back to 2.00, can consider to buy a little...quite attractive NTA and EPS.

Posted by Moratorium > 15 minutes ago | Report Abuse

Let it rest first before continuing on next leg up...