hi scchin58, I guess we need to wait for another round of Annual Report to see which fund is disposing, I think? This amount of disposal volume, I believe is from funds.. Retailers won't have such volume...

Hi chkhooju, you cut loss becoz of share price dropping?

eeh, how come today so diam one.. No more spreading good news to jack up the share price?

Hopefully their exposure to Kpower is not too many...

ya pretty strange.. sell off begin after lunch. I suspect is big fish. Hopefully not company problem

Hi Observatory, I believe the motor insurance of STMB is doing great, just like other companies. For credit related products, again, it boils down to how severe is the impact of the IFRS17. Even in AGM, the CEO did not answer (he said subjected to the financial performance in 2022). Well, again, it is hard for outsiders like us to really know the impact. But I believe the CFO/CEO will surely know something...

I checked that their CFO seldom dispose her shares. But lately, she also cannot tahan & sell too. Last time CEO is the one who keep on dumping shares. But recently other key management peoples also keep dumping.

All in all, we may convince ourselves these guys wanna diversify their investments. But I am just wondering how come almost every key personnel did the share dumping lately? Everybody also wanna diversify? I agree it may not reflect the deteriorating fundamental of STMB, but for me as investors, I surely don't like to see this.

This one really have to learn from amet2017.. collect cypark also can make money. Really have to learn from him/her..

No worry, our friend amet2017 has made tonnes of money here.. What a good example of buy low sell high .. Salute ..

good good.. congrats amet2017.. All d best.

hi amet2017, how many rounds?? lol

private placement again.... sigh....

Hi dawchok, may I know how you justify high PE?

Guys, may I know how to check resin price? Can share any link?

One thing I don't like is seeing the management key personnel keep on selling their shares. Well, although the amount is insignificant, but this is NOT a pleasant sign for investors. You can't always boast about your superb ROE, and meanwhile selling shares (almost everyday) to the market. For me, they are not sincere on what they're saying.

strange. In the report, say prospect so good. Meanwhile, directors selling shares like no tomorrow..

DPIH share price RM 0.5xx pun nak bonus issue... Reserve fund also not tat big.. Strange la ... I am convincing myself this is not the tactic used by the management to boost up share price. But, it seems to me that this is the only reason for the time being.

Pointless to give bonus issue at this juncture. I rather disappointed with the Management to do this exercise to boost the share price.. Better focus on business pls..

I see thanks Jeff7. It rented out to agencies via fixed contract ya.. Wondering whether this agent will continue with their contract in subsequent years. Personally speaking, I lived nearby. It seems to me that their bus terminals are not that happening... My personal feeling.

I just wondering, during this pandemic time, who is going to take bus at Kampar Sentral? And interestingly, higher rental income?? Who will advertise their products/services at this Sentral where the passenger volume is so low? Really got no idea....

Totally agree with shpg22. Better watch out those construction companies as their accountings can be easily "narrated"

Hi yuwei, I aware that you said ILP would be beneficial as the profit in IFRS17 (although is paper profit) can be recognized faster as compared to IFRS4.

May I know why ILP segment profit can be recognized faster under IFRS17? What is the mechanism behind this? I think the premium received in ILP will also be smoothed out throughout the period?

wondering why MTAG is removed from the syariah list. By the way, I am eager to know how the sales in ATAIMS and other EMS players would affect MTAG.. ATAIMS claimed that last quarter they are going for voluntary shutdown for sanitary purpose..

Hi yuwei:


Papayashot In fact, during covid, I wonder people will buy more insurance policy, as their spending power would be lower?
24/05/2021 9:37 PM

limyuwei You can compare Q1 2021 vs Q1 2020 vs Q1 2019, you will be surprised
24/05/2021 11:30 PM



May I know which item in the report to compare? Can you advise?

Thanks.

icic aaron_tan. Very professional analysis.. No one can ever beat your superb justification. Good good.

Aaron_tan, you said: Bpo business... profit alsp stagnant ... zero growth

Justification?

In fact, during covid, I wonder people will buy more insurance policy, as their spending power would be lower?

Hi yuwei, how to know whether the increase in net earned premium as reported in LIFE segment is due to increase in the number of policies underwritten OR increase in the premium payment?

Spreading all the good news to push up share price... sigh... I think only those silly investors would believe it. I3investors all are smart one. They won't simply affected by this strategy la please..

seu pei la, KYY. Originally we respect you as a senior investor, now you gain no respect from us.

ic Pinky, as a layman like me to understand contract liability, increasing contract liability means bad for insurance company, as they would need to pay more than they're getting..?

Thanks Pinky.

Am I right to interpret that Asset always larger than liability as Asset = Equity + Liability?
Therefore, why contract liability exists when you said Liability > Assets = Contract Liability?

icic, thanks Pinky for your detailed explanation.

Can I ask you, for insurance company, what is contract liability in layman term? Contract liability is treated as a part of Net Benefit & Claim under its Income Statement.

Thanks Pinky for your detailed explanation.

I believe this is the 1st time Allianz Life is having negative PBT, which is claimed to be due to fair value loss (high interest rate).

But, the bond interest rate in few years back is still higher than the current rate? Allianz Life still manage to record +ve PBT that time.

Sorry,I am new to bond market.

Actually I am confused on the term "fair value gain/loss for investment", is it something like "paper profit/loss in investment"? --? Pls correct me if I'm wrong.

And, appreciate if anyone could advise on how to get NBV for Allianz.

Hi yuwei, may I know how to get NBV from quarter/annual report?

I noticed there is an item:
1Q2021 1Q2020
Gross change in contract liabilities (203,333) 125,688

what could be the reason in having a negative contract liabilities? Appreciate advice from you all.

Thanks Untong.

By the way, are you aware on why Life Segment makes an investment income of +146.5M this quarter, but PBT -20M? How exactly to work out the PBT?

Hi yuwei, I don't quite understand on the interest up. I thought the interest rate is low currently? And, rgd the fair value loss, do you have any idea what type of investment Allianz is referring to?

Also, what you mean by net position that matters the most?

The life segment loss this quarter is due to higher fair value losses on
investments arising from higher interest rate.

can I check with you all what is fair value loss on investment due to higher interest rate?

how to calculate 1.7, Consultant?

dividend from cypark? How? Use bank borrowing to give shareholders dividend? It is making any business sense?

Well, for me PBBANK is a well managed bank. But for investment, good company does not mean it is a good investment. We have to look into some other factors as well...

allianz is only for those institutional players and serious investors like us. If no normal retailers come in, allianz hardly move. Normal retailers would rather chase those steel, glove and hot counters. My 2 cents..

The only listed BPO in Malaysia. So?

Well, I just suspect some ppl here use different accounts to promote this counter lol.. Anyway, if one intends to promote a counter via this forum, pls forget it la. I believe all peoples here are smart and know how to do their own investment decision...in particular, the so-called target price of a counter.

consultant, Y u said in order to reach RM 3.5, earnings need to be doubled? Any justification?

amilytay seems to know a lot abt scicom. Wonder how he knows it lol...

yuwei, from your experience, what would be the best way to do valuation for an insurance company?

Mr Market now focus on "goreng"-related/theme-like stocks.. As long as got good story/theme surrounding the stock, Mr Market will go for it. And most of the Mr market are retailers who might know nothing about investment.