KLSE: MNRB (6459)       MNRB HOLDINGS BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
1.61   0.00 (0.00%)  0.00 - 0.00  0
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Market Cap: 515 Million
NOSH: 320 Million
Avg Volume (4 weeks):850,428
4 Weeks Range:1.52 - 1.83
4 Weeks Price Volatility (%):
52 Weeks Range:1.52 - 2.75
52 Weeks Price Volatility (%):
Average Price Target: 4.44
Price Target Upside/Downside: +2.83
Stamp duty exempted for year 2018

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2018 [#1]  |  27-Aug-2018
Next QR | Est. Ann. Date: 30-Sep-2018  |  27-Nov-2018
T4Q P/E | EY: 4.49  |  22.28%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 5.06  |  0.32
T4Q NP Margin | ROE: 4.75%  |  7.09%


Date Subject
07-Aug-2018 MNRB赚钱,为何还要筹资?
23-Jul-2018 MNRB - Top 10 Dangers You Must Know About MNRB, Calvin Tan Research
20-Jul-2018 下跌股:马国民再保险RM1.72支撑
19-Jul-2018 Mplus Market Pulse - 19 Jul 2018
05-Jul-2018 Mplus Market Pulse - 5 Jul 2018

Business Background

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.
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  8 people like this.
joetay10 could be possible, bro thecontrarian.

mnrb usually is not a very active stock but after ri announced, everyday got volume of at least a 100k.

thx for pointing this out.
29/08/2018 13:41
Ron90 i think ri was announced for weeks olready la.. and price drop like he77.. only after QR than rebound. I guess, most ppl expect QR result worst..which is actually not bad.
29/08/2018 16:58
Ron90 if dont have fund to buy ri, no need la. PNB as underwriter will buy all the leftover.
29/08/2018 17:01
TheContrarian I went through the list of top 30 shareholders last night. There are a few individuals in the list who owns a few million shares but these shares are pledged shares. Others on the list are several unit trust funds. I don't think the unit trusts are the ones that sold down, maybe in the initial stage when price was still holding at 2.00. Subsequent collapse in price is probably forced selling followingr margin call.
29/08/2018 17:10
joetay10 agreed with u, bro thecontrarian.

if these individuals r holding pledged shares, most likely they will have to sell onto the market to avoid any share dilution or account topup.

the selling started on a steady pace since the ri is announced so this could be the most likely source.

usually individuals investing in major financial institutes dont usually pledged shares, so its quite interesting.

up to anyone's guess.
29/08/2018 19:05
Ron90 but another question you should ask..if only due to margin call..why on earth the rest of IB, FM, high net-worth investor did not scoop the shares, if the price really at discount??..

everybody seems in concert and agreement to push the price to the rock bottom !!... everybody now suffer damn hard.
30/08/2018 04:58
shareinvestor88 Sell n run. better invest else where. tp 50c
31/08/2018 13:30
TheContrarian Buying support came in at 1.58 level on Wednesday. That's why I bought at 1.59 once I knew the big buyer deemed it low enough to buy up.
31/08/2018 15:25
latlut Thecon sifu likes asset type stocks. esp those with huge discounted NTA.
31/08/2018 15:35
TheContrarian But not property counters. In my 20 years plus investing I never got a chance to own an Islamic insurance company until now because price have been too high for my liking. Now MNRB has fallen to a level where downside is limited but upside could be huge because Islamic insurance has huge growth potential.
31/08/2018 15:43
shareinvestor88 Better sell. tp 50c
02/09/2018 00:54
shareinvestor88 Still going down
03/09/2018 18:07
firehawk How they can sell the RI@1.57 now?

So, they will lower the RI subscription price?
04/09/2018 16:26
firehawk or, they will support it at a price above 1.57?
04/09/2018 16:43
TheContrarian Managed to buy at 1.53.
04/09/2018 16:47
shareinvestor88 Downtrend better sell
04/09/2018 20:16
shareinvestor88 Sell coming to 1
05/09/2018 08:04
firehawk the good side about this stock is ... always offer cheap price to buyers .....
06/09/2018 09:57
jordanmaggie61 Price will gap up this morning, good luck to all and enjoy the rollercoaster.... hehe
06/09/2018 10:21
shareinvestor88 Sell n Run
06/09/2018 22:21
Yael Jasper Good time to accumulate more and gain more profit :)
07/09/2018 11:34
jordanmaggie61 It is time to move..yeah..profit is real ! HAHAHA
07/09/2018 11:38
shareinvestor88 Sell TP 1.00
10/09/2018 09:41
chkhooju Asking money from investors shows that the stock is in trouble.
10/09/2018 09:49
firehawk offer cheapest price to buyers again ... those want to buy can buy more ....
12/09/2018 15:46
12/09/2018 17:15
TheContrarian Yes, buy!
13/09/2018 15:24
TheContrarian Best price to buy was around 1.53.
13/09/2018 17:35
TheContrarian Rights issue set at 7 for 5 at a discounted issue price of 90 sen.
13/09/2018 22:27
firehawk ai yoo .... RI revised to 90sen, habis lah :-(
13/09/2018 22:36
TheContrarian PNB together with ASB have given an undertaking to subscribe to any unsubscribed excess rights shares up to a combined shareholding of up to 75%.
13/09/2018 22:38
TheContrarian The worst seems to be over. Basically each shareholder still pays around the same amount for the rights but instead of getting 4 shares for every 5 held, shareholders will be getting 7 now for every 5 held.
14/09/2018 10:11
TheContrarian The worst seems to be over. Basically each shareholder still pays around the same amount for the rights but instead of getting 4 shares for every 5 held, shareholders will be getting 7 now for every 5 held.
14/09/2018 10:12
Cipta It is rare for 5:7 ratio. The major shareholder can easily privatise the co if they fully execute their right and buy excess which minority give up and in this low price!!!!!
14/09/2018 17:42
TheContrarian They will stop at maximum 75% and not privatised.
14/09/2018 21:11
shareinvestor88 more dilution
14/09/2018 23:08
shareinvestor88 rights 90c
14/09/2018 23:11
TheContrarian 90 sen coming hahaha.
14/09/2018 23:43
Cipta After money raised in their hand, major shareholder can say whatever they want.. Especially when share price far less than NAV. Wow.. 90cents..this will save a lot for privatization..
15/09/2018 15:03
TheContrarian True also. Later on the controlling shareholders might take it private cheaply if market price remains low. If this happens, the ones to benefit most is Amanah Saham Bumiputra.
15/09/2018 15:10
Cipta We should ask another question : why not spin off Takaful Iklas? In this way it can raise fund too and give exposure to its brand name, moreover release value of the mother and thus all share owners benefits.
15/09/2018 15:23
Tomchan Bursa Ceo said Malaysian places far too much savings in fixed deposit. MNRB is a classic case why Malaysian prefers Fd to listed companies. Despite having one of largest Malaysian govt fund as controlling shareholder, Nta rm5 and profit rm100 millions a year, shareholders are being asked to come up with more fund for expansion. Furthermore, Mnrb does not even have a dividend policy. To me, it is more of big guy bullying small guys. Even fund managers would think twice whether to invest this company.
15/09/2018 22:20
chkhooju 100%agreed with the aforesaid.
16/09/2018 08:34
EngineeringProfit Unscrupulous corporate team have to be reprimanded and replaced.....

......only by aggresively continual selection of the best ppl in significant position of power

the nation can progress

(half a century....gone....no time to lose)
16/09/2018 08:42
chkhooju A previously good stock is now one of the worst. With this corporate exercise its script will more than doubled. Earnings will be much diluted.
16/09/2018 11:55
sostupid Do you know what is a company's intrinsic values (like a person's internal strength or qualities that are not replicable (competitive advantage because not replicable mah, get it)), they are, for your information : its strengths, talents, popularity (market share) and well-practiced or etc as a comparison against its competitors. For my purpose of writing, let me ask you, to determine how big or small as an issue for us we should treat mnrb's rights issue:

We ask ourselves Questions so we don't fail:

How many of these qualities are we seeing from MNRB. For example, selling the rights share for 90 cent, this kind of company practice, is it good for all shareholders, such as for which the small kind (like you and me) or the big kind such as (the PNB and ASM).
18/09/2018 11:41
sostupid I or You need intrinsic values (not replicable ones (the value of nta not a consideration here because it is something replicable or accounting manipulative)) to see whether the market price of 90 cent is cheap or expensive for you to decide whether how big or small as an issue for you or I to treat mnrb's rights issue. or how important or how necessary we should take part or not?
18/09/2018 11:45
sostupid as a comparison against its competitors or something that is necessary for it to have to make money. it is not that it has to be better than its competitors in everything they do, they many have their only single unique way of making money not competitors are not following them. get it, the company needs to make money, but how?
18/09/2018 11:53
Tomchan Sosstupid, can't really figure out what u r trying to get at. Can we know what u think of mnrb in terms of value, management and transparency etc. Do u think it is a good candidate for investment if u r fund manager
18/09/2018 18:20
Ron90 Right Issue versus Bank loan, to get additional cash for company expansion program, which one is better?
18/09/2018 22:04



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