MNRB HOLDINGS BHD
KLSE (MYR): MNRB (6459)
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Last Price
2.23
Today's Change
-0.09 (3.88%)
Day's Change
2.18 - 2.31
Trading Volume
9,449,000
Overview
Market Cap
1,746 Million
NOSH
783 Million
Avg Volume (4 weeks)
2,217,331
4 Weeks Range
1.60 - 2.34
4 Weeks Price Volatility (%)
85.14%
52 Weeks Range
0.955 - 2.34
52 Weeks Price Volatility (%)
92.06%
Previous Close
2.32
Open
2.31
Bid
2.22 x 54,500
Ask
2.23 x 18,600
Day's Range
2.18 - 2.31
Trading Volume
9,449,000
Financial Highlight
Latest Quarter | Ann. Date
31-Mar-2024 [#4] | 08-May-2024
Next QR | Est. Ann. Date
30-Jun-2024 | 30-Aug-2024
T4Q P/E | EY
4.08 | 24.53%
T4Q DY | Payout %
2.00% | 8.14%
T4Q NAPS | P/NAPS
4.05 | 0.55
T4Q NP Margin | ROE
11.89% | 13.51%
Market Buzz
2024-05-09
2024-05-09
2024-05-08
174.94%News and Blogs
Company Profile
Sector: FINANCIAL SERVICES
Sector: FINANCIAL SERVICES
Subsector: INSURANCE
Subsector: INSURANCE
Description:
MNRB Holdings Bhd is a reinsurance provider as per the retakaful and takaful system according to the sharia law. It provides reinsurance services in the areas of fire, marine, motor, miscellaneous, and family retakaful. The company is also engaged in investment holding business and mainly operates in Malaysia and United Arab Emirates.
Discussions
9 people like this. Showing 50 of 3,759 comments
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]
2 weeks ago
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)
2 weeks ago
RM1.65 is a good entry point if the Maybank IVT trader throws his shares at bid this Monday.
2 weeks ago
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
1 week ago
[[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.]]
1 week ago
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
1 day ago
Let wait some expert / guru to analyze this stock tonight.
Insurance industry QR too difficult for ordinary people to understand.
1 day ago
MNRB is still trading 30% below intrinsic value. Next price target is RM2.90
1 day ago
Huge surprise profits from family takaful and reinsurance profit. Congrats to MGMT for the blowout quarter
1 day ago
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
1 day ago
Wow, I queued to sell at 1.85 this morning, got it done at 2.25 at market open this afternoon. TQ TQ
1 day ago
I suppose limit up today with such great QR..
It is unbeatable... Champion profit in bursa
1 day ago
$2.34 limit up price which people queue up before 2.30pm opening..
This is so amazing
1 day ago
I think I will keep some for dividend... I wonder if can give 15 cents div for this year?
1 day ago
$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
1 day ago
Takaful share price should serve as good reference to whether MNRB’s potential is fully priced in .
1 day ago
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
16 hours ago
Last QR eps 10.8 Maybank target RM1.7
Now current Qr eps 29.7....Maybank will revise target to ?
16 hours ago
Digesting is taking place. If it's back to 2.00, can consider to buy a little...quite attractive NTA and EPS.
15 hours ago
Quite similar to trend of PBA, the longer you wait, the higher the potential missing the second wave.
13 hours ago
keep buying next quarter result perform good result predict price will hit more than 3.00 ++
12 hours ago
I am still updating my models for MNRB. Have not reached a conclusion on its fair value yet.
11 hours ago
https://www.thestar.com.my/business/business-news/2024/05/09/mnrb-net-profit-at-50-year-high-in-fy24
net profit at 50 year high...
10 hours ago
I figure maybank may come out with a revised target price next week,after all QoQ increase of eps was a whooping 175%,from 10.8 sen to 29.7 sen.
8 hours ago
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