MNRB probably hitting annualized 30cents EPS.
PE now is only 3.7
MNRB Takaful business in Malaysia is still growing very strongly every year.
Bonus issues, and right issues in the past 3 years should have improved the volume which was always the problem in the past.
A growth stock doesnt deserve this Low P/E
It's P/E should be traded at most 60% discount to Takaful's target P/E of 16 by research house to give MNRB a target price of about RM2.00
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Since 2015, no dividend issued. And the profit is not consistent. And revenue was stagnant for past few years.
2019-08-02 06:28
Don't worry opustang. The takaful segment alone is already worth RM1 if valued at PE16. You are getting the re-insurance company at 10cents only. Re-insurance business may valued at PE5. So fair value should be RM2
2019-08-02 08:51
unorthodox
Don't expect a quick run up in price. Surely and slowly the share price will move up to reflect its fundamental value.
MNRB is currently an unappreciated gem stock!
Not suitable for contra players!
Strictly for long term investors who do not time the market!
2019-08-02 04:20