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1.29   0.00 (0.00%)  1.28 - 1.30  288,500
3,480 comment(s). Last comment by amateurJR at Jul 28, 2021 12:42 PM
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TheContrarian
6553 posts

Posted by TheContrarian > Feb 27, 2021 6:40 PM | Report Abuse

MNRB does not have a formal dividend policy? Damn, better sell then.


willc48
418 posts

Posted by willc48 > Feb 27, 2021 7:37 PM | Report Abuse

mnrb suffered big losses last year from covid, us flood, earthquake and marine


ooihk899
1381 posts

Posted by ooihk899 > Feb 27, 2021 8:08 PM | Report Abuse

Bro n sis, I just provide whatever info that is available, everyone has to do your own research before decide to buy or sell.


Posted by TheContrarian > Feb 27, 2021 6:40 PM | Report Abuse

MNRB does not have a formal dividend policy? Damn, better sell then.


Johnzhang
622 posts

Posted by Johnzhang > Feb 28, 2021 3:12 PM | Report Abuse

TheContrarian and ooihk899, the hope for a final dividend ( possibly a handsome one) is not dashed. Just be patient to wait until the next AGM.


Johnzhang
622 posts

Posted by Johnzhang > Feb 28, 2021 3:20 PM | Report Abuse

There is a dividend policy adopted by the board since 2008 to pay 40 to 75% of the group net profit as gross dividend. There is however a proviso in it that the dividend amount subject to availability of cash, gearing position, future capital requirements for growth etc... This policy has NOT been revoked .
In EGM 2019 to approve the dividend reinvestment plan, it was further reiterated that there is no change to the dividend policy mentioned above .


Johnzhang
622 posts

Posted by Johnzhang > Feb 28, 2021 3:32 PM | Report Abuse

In AGM 2020, when the question on dividend was raised , the response from the company is roughly as below:
Due to regulatory process, the company was not able to obtain the approval in time to declare a final dividend for FY2020 ending 31/3/2020 prior to AGM2020 held on 24th Sep 2020. Pls note final dividend require shareholders approval in AGM. Consequently, the company instead declared 3 send interim for FY 2021 ending 31/3/2021 on 17th Sept ie one week . This means the 3 sen paid in October was supposed to be the final dividend for last FY. Interim dividend does not require shareholders approval.


Johnzhang
622 posts

Posted by Johnzhang > Feb 28, 2021 3:35 PM | Report Abuse

You can Google for summary of the key matters MNRB AGM (and also EGM ) to see the above published information.


Bgt 9963
4522 posts

Posted by Bgt 9963 > Feb 28, 2021 3:35 PM | Report Abuse

Just wait for the AGM...


Johnzhang
622 posts

Posted by Johnzhang > Feb 28, 2021 3:42 PM | Report Abuse

Incomplete sentence:........ ie one week BEFORE AGM 2020.


ooihk899
1381 posts

Posted by ooihk899 > Feb 28, 2021 6:36 PM | Report Abuse

Johnzhang, the reason I invested in this counter is not only because of the dividend alone. It is way too under value currently. The NTA is more than RM3. If the company is able to grow its revenue and profit consistantly, I think you will gain many times more than whatever divided policy set by the management.


Johnzhang
622 posts

Posted by Johnzhang > Mar 1, 2021 1:00 PM | Report Abuse

Ooihk899, after spending time studying this counter not too long ago , I concur with you that it is truly an undervalued gem. I hold the view that the poor valuation is due to inconsistent and low dividend in recent years . I find that things is changing fast after the company meeting the capital adequacy requirement imposed by BNM thru’ RI 2 years ago. I think the recent years poor dividend has got to do with capital preservation to expand the Takaful business. Takaful insurance is growing and very profitable.
It is also recession proof. Just my view.


ooihk899
1381 posts

Posted by ooihk899 > Mar 1, 2021 8:52 PM | Report Abuse

JohnZhang, below are the reasons why they have not been performing very well for the past few years. Hence, low or no dividend. Base on the below AGM's meeting minutes, we can see that their strategy works, the profit has increased gradually.



Our subsidiary, Malaysian Re, had been impacted by
the catastrophic losses in the past few years. We had
balanced out and diversified the portfolio in order to
reduce the impact.
Although the impact of this strategy was not immediate,
however, we could see that the combined ratio had
reduced and we are expecting this to continuously
improve over time.


ooihk899
1381 posts

Posted by ooihk899 > Mar 1, 2021 8:57 PM | Report Abuse

Not to worry about the price. If the company's result improve yearly, the price will go up sooner or later.


TheContrarian
6553 posts

Posted by TheContrarian > Mar 2, 2021 7:04 PM | Report Abuse

Without dividend price will drift lower and lower.


ooihk899
1381 posts

Posted by ooihk899 > Mar 2, 2021 8:19 PM | Report Abuse

Good lo, I can slowly collect cheap lo. Hopefully next year dividend
4 or 5 sen lo.


lassy
328 posts

Posted by lassy > Mar 3, 2021 6:08 AM | Report Abuse

pushing down the price of MNRB has a motive from PNB either to PRIVATISE or to collect IT CHEAP but selling it to a lower price below RM1 is encouraging small holders to pick up 5k to 10k shares for longer term holdings defeating both the purposes after reporting 2 quarters of GOOD RESULTS, so feeling good n comfortable to collect at 93sen n 90sen if AVAILABLE.


Johnzhang
622 posts

Posted by Johnzhang > Mar 3, 2021 11:49 AM | Report Abuse

I hope it drop further for me to collect more.


Johnzhang
622 posts

Posted by Johnzhang > Mar 4, 2021 7:18 PM | Report Abuse

MNRB will the next surging stock like MPHB capital and MMC. Seriously undervalued by the market . It’s matter of time . I suspect we don’t have to wait very long .


firehawk
3817 posts

Posted by firehawk > Mar 5, 2021 9:40 AM | Report Abuse

waiting for so long d .... don't know how high can it go ......


Johnzhang
622 posts

Posted by Johnzhang > Mar 5, 2021 9:49 AM | Report Abuse

Based on FY2021 EPS at 10x PE, it may fetch $2.20 if 15x PE , it is $3.30.
MPHB sold it's insurance to Generali at more than 3x book value. Globally, insurance company sales is transacted at 2-5 x book value .
How much you think MNRB worth if PNB decide to divest part of it's holding?
Bear in mind MPHB is in the highly competitive general insurance and yet fetch > 3x book value. MNRB is in the fast growing and profitable takaful segment and it's the only RE insurance operator in Malaysia.
Just my view . Not a buy or sell call


XxxxXzz
684 posts

Posted by XxxxXzz > Mar 5, 2021 10:35 AM | Report Abuse

Hmm. My average at rm1, yesterday 0.98 and today 1.02


XxxxXzz
684 posts

Posted by XxxxXzz > Mar 5, 2021 11:02 AM | Report Abuse

Need more buyer otherwise abit hard. Big shark help defend only no push


TheContrarian
6553 posts

Posted by TheContrarian > Mar 5, 2021 3:02 PM | Report Abuse

Possibly interim dividend coming.


Johnzhang
622 posts

Posted by Johnzhang > Mar 5, 2021 4:52 PM | Report Abuse

Nice closing. Up 7%


Moratorium
134 posts

Posted by Moratorium > Mar 5, 2021 4:53 PM | Report Abuse

Just keep this share for dividend and capital gains. A lot of my malay friends buying the hibah takaful to protect their family and Takaful Ikhlas, subsi of MNRB is quite active in this...


TheContrarian
6553 posts

Posted by TheContrarian > Mar 7, 2021 12:44 PM | Report Abuse

I might sell half.


hopetobecorrect
170 posts

Posted by hopetobecorrect > Mar 8, 2021 10:13 AM | Report Abuse

another one day show


Johnzhang
622 posts

Posted by Johnzhang > Mar 8, 2021 10:33 AM | Report Abuse

MNRB is powering ahead. Hold on for some meaningful gain.


firehawk
3817 posts

Posted by firehawk > Mar 8, 2021 10:37 AM | Report Abuse

Ho Ho! peaking .... :D


Moratorium
134 posts

Posted by Moratorium > Mar 8, 2021 10:54 AM | Report Abuse

TheContrarian I might sell half

I believe it's still grossly undervalued but well it's your money, your call. Good luck to you and if u have other better stocks to look at, let me know. I believe our investing principles are quite alike


stockraider
25114 posts

Posted by stockraider > Mar 8, 2021 10:57 AM | Report Abuse

Just keep lah...why worry leh ??

No balls meh ??

Up abit takut meh ??

Posted by TheContrarian > Mar 7, 2021 12:44 PM | Report Abuse

I might sell half.

Posted by Moratorium > Mar 8, 2021 10:54 AM | Report Abuse

TheContrarian I might sell half

I believe it's still grossly undervalued but well it's your money, your call. Good luck to you and if u have other better stocks to look at, let me know. I believe our investing principles are quite alike


Johnzhang
622 posts

Posted by Johnzhang > Mar 8, 2021 11:23 AM | Report Abuse

It's $1.12 now!


stockraider
25114 posts

Posted by stockraider > Mar 8, 2021 11:25 AM | Report Abuse

Correctloh...Profit very good turnaround...high NTA....going to give good dividend loh....!!


Johnzhang
622 posts

Posted by Johnzhang > Mar 8, 2021 11:27 AM | Report Abuse

The 3 'M'undervalued gems are finally seeing lights at end of tunnel -MNRB, MPHBcap and MMC.


chkhooju
1356 posts

Posted by chkhooju > Mar 8, 2021 11:28 AM | Report Abuse

Still very undervalued. Has more legs to surge forward.


hopetobecorrect
170 posts

Posted by hopetobecorrect > Mar 8, 2021 12:09 PM | Report Abuse

any chances of limit up?


TheContrarian
6553 posts

Posted by TheContrarian > Mar 8, 2021 6:09 PM | Report Abuse

Stockraider didn't even have balls to buy at 90 sen, hahahaha.


TheContrarian
6553 posts

Posted by TheContrarian > Mar 8, 2021 6:15 PM | Report Abuse

Sold some at 1.09 today for over 20% gain and used the proceeds to buy Insas at 0.865.


TheContrarian
6553 posts

Posted by TheContrarian > Mar 8, 2021 7:28 PM | Report Abuse

I really love this stock, I have bought, sold, bought, sold, bought, sold numerous of times in the past few years. The lowest price I paid was around 69 sen.


TheContrarian
6553 posts

Posted by TheContrarian > Mar 9, 2021 11:56 AM | Report Abuse

Sold another round at 1.13 today.


Johnzhang
622 posts

Posted by Johnzhang > Mar 9, 2021 1:39 PM | Report Abuse

You may not be able to buy back lower than what you sold . Hahaha....


Johnzhang
622 posts

Posted by Johnzhang > Mar 9, 2021 1:49 PM | Report Abuse

Takaful’s 2020 EPS $0.44 and dividend $0.12.
MNRB’s 2020 expected EPS $0.25 and full year dividend may be 6-8 sen .
Takaful share price is $5/-
MNRB should worth $2.50 since EPS and dividend is about half of Takaful????
In term of NTA, MNRB is double of takaful.
Just for invoking some thinking.


bgt9963
565 posts

Posted by bgt9963 > Mar 9, 2021 1:59 PM | Report Abuse

Gonna fly soon...!


TheContrarian
6553 posts

Posted by TheContrarian > Mar 9, 2021 2:19 PM | Report Abuse

The only way for MNRB to go to Syarikat Takaful's price level is to pay out a good amount of dividend regularly.


TheContrarian
6553 posts

Posted by TheContrarian > Mar 9, 2021 2:28 PM | Report Abuse

I always buy MNRB before release of QR and sell after, been repeating this cycle every 3 months.


The St. Goreng
1087 posts

Posted by The St. Goreng > Mar 9, 2021 4:14 PM | Report Abuse

Maciam ada lobang


TheContrarian
6553 posts

Posted by TheContrarian > Mar 9, 2021 4:53 PM | Report Abuse

Sold another batch at 1.17.


firehawk
3817 posts

Posted by firehawk > Mar 9, 2021 4:53 PM | Report Abuse

cantek !!


Moratorium
134 posts

Posted by Moratorium > Mar 9, 2021 4:59 PM | Report Abuse

I'm still keeping...Muahahaha. Live and die with MNRB


Johnzhang
622 posts

Posted by Johnzhang > Mar 9, 2021 5:01 PM | Report Abuse

Nice closing . Steady momentum . Looking positive supported with very strong fundamental.

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