The unique of life insurance business is that there is large block of existing portfolio prodiving stable income in addition to new business which is to add on to the growth.
Lower new business during MCO mainly due to face to face restriction imposed by Bank Negara. Agents will catch up their new business as this is their bread and butter.

kywoo, you are sharp and spotted the market trend, as evidenced in its Q2 QR. 64% topline of Allianz General is in motor business and stands to benefit from lower motor claims during MCO and even RMCO as many companies practice working from home nowadays, reduced traffics on the roads and less accidents (claims).

----------------------
kywoo If you follow Berkshire Hathaway general insurence quarterly result, you will note they make higher profit from motor insurance business because of less travel,thus less accidents, thus less motor claims and thus better profit margin. As Allianz is market leader in motor insurance business in Malaysia, it will benefit from better profit from their insurence becausr of lesser claims. March,April and May will be good months Like it or not, you have to insure for vehicles even if you travel less
03/05/2020 2:33 PM

Conversion ratio is 1 to 1, ie. one(1) ICPS to one (1) ordinary. One of the reason for conversion is due to liquidity and low volume of ICPS as holding company of AMB is holding 85% and the rest are mainly hold by funds. Converting to ordinary shares - easier to sell.

The utmost benefit of holding ICPS - it entitles to 1.2x more dividend (or 20% more) than ordinary shareholders.

ICPS is very not liquid and low volume due to reasons abovementioned. So the price over the period may not be representative whereby it may not move along with ordinary shares immediately. Generally, it should be at premium due to 1.2x dividend entitlement given Allianz Malaysia is declaring increasing and good dividend in recent years with adopted dividend payout policy.

Maybank Investment TP RM16.75

Strong investment gains in 2Q20

Twin engines support growth Allianz’s 1H20 results were above our expectations, due largely to strong investment gains, though topline growth was marginally better than expected as well. Forecasts are maintained for now pending its analyst briefing but as it stands, Allianz is one of the best managed insurance companies in the industry and the twin exposure to both life and general
insurance is very much complementary. BUY maintained with an unchanged SOTP-derived TP of MYR16.75.

Above expectations

Allianz reported a 2Q20 net profit of MYR168m (+43% YoY, +111% QoQ) leading to a 1H20 net profit of MYR247m (+14% YoY). The results were significantly above our expectations at 58% of our full-year forecast, supported mainly by strong MTM investment gains, given the decline in
bond yields during the quarter. Topline nevertheless did surprise positively as well, with growth in the gross written premiums of both the life and general insurance businesses, despite the Mandatory Control Order (MCO).

Q2 2020 analyst briefing report
https://www.allianz.com.my/documents/144671/936560/AMB+Analyst+Briefing+2020Q2.pdf/5383c4bb-f58c-4ce2-953e-2235496c9309

40 sen dividend!!!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6017245

Top 4 Rebar Manufacturer (Part 1) -- Masteel
Sound like got Part 2.....
Will it Part 2 - AnnJoo, Part 3 - LionInd, Part 4 - SSteel?

China's August steel exports reduced by 440,000 MT or 6.3% compared to July. Guess who will make up the supply in the region?

生意社09月11日讯 (China)
据海关统计，2017年8月份我国出口钢材652万吨，较上月减少44万吨，同比下降32.99%；进口钢材99万吨，较7月增加1万吨，同比下降10.81%；1-8月累计出口钢材5447万吨，同比下降28.5%；累计进口钢材877万吨，同比增长0.8%。1-8月我国钢材净出口同比减少2176万吨。

Last 4Q Revenue PBT & interest Profit margin
AnnJoo 1,785,782 271,918 15.2%
Masteel 1,259,885 56,769 4.5%
SSteel 2,638,142 156,688 5.9%
Lion Ind 2,299,360 123,750 5.4%
(steel segment)

With all 4 steel makers QR announced, now the comparison is complete.

With steel price on the super bull run now, all 4 steel companies stand to make an exceptional profits.

Based on Lion Industries' today QR, 4 quarters ended June17
Revenue (steel) = RM2,299m
Segment results (steel) = RM124m
Profit margin of 5.4%.
Slightly lower than SSteel.
Among the big 4, AnnJoo profit margin is still highest.

bonus issue still in the card by next month as it expect to complete by Q3 this year.

A industry source through ICIS today report revealed that one of 3 Lotte Indonesia plants shut down unscheduled for 10 days due to shortage of input supply. The plant has annual capacity of 200,000 mt.

It is not uncommon for shut down like this, but it does have impact to results I believe.
https://www.platts.com/latest-news/petrochemicals/singapore/asia-the-week-in-petrochemicals-wc-aug-28-27867511
China's Changzhou Dohow Chemical was forced to shut its 300,000 mt/year No. 2 SM line in eastern Jiangsu province due to a shortage of ethylene.

broad market is weak + Friday. Traders normally do not want to hold market uncertainty over weekend.

QR 31/3/17
For the financial year ending 30 June 2017 ("FYE 2017"), the continued growth in volume of our
existing services, especially the online renewal of foreign workers’ insurance and foreign worker
services, are expected to contribute to our Group revenue and PAT.

http://www.malaysiasun.com/news/253013471/new-insurance-requirements-for-nepalese-migrant-workers-bring-comfort-and-concerns

In Jan 2017, Nepalese government announced a new requirement that every outbound migrant worker hold an insurance policy guaranteeing a payout of 2.7 million Nepalese rupees (about $26,000) for the families of workers who die, are critically injured or develop a critical illness, such as a heart condition, while working in 110 countries.

There are 700,000 Nepalese workers in Malaysia.
https://en.wikipedia.org/wiki/Nepalese_people_in_Malaysia

With this new mandatory insurance cover for each Nepalese worker in Malaysia, MYEG stands to gain from this new requirement through its renewal of foreign workers permits along with insurance.

Wonderful!

Global semicon sales jumped 21% y-o-y in April to US$31.3b, says SIA

http://www.theedgemarkets.com/article/global-semicon-sales-jumped-21-yoy-april-us313b-says-sia

Well written! Now I know better about PWF. Strenthening RM will work in favour of PWF with their imported raw materials for chicken feeds.

http://www.theedgemarkets.com/article/ann-joos-lower-operating-expenses-boost-1q-earnings

3：不断获得政府工程
除了预算案，部分上市公司能够不断获得，甚至独家获得政府合约。
MyEG (MYEG 0138 主板服务股)

5年一次-逢选必涨-趁低部署大选概念股
http://www.enanyang.my/news/20170508/%E3%80%90%E7%8B%AC%E5%AE%B6%E3%80%915%E5%B9%B4%E4%B8%80%E6%AC%A1-%E9%80%A2%E9%80%89%E5%BF%85%E6%B6%A8br-%E8%B6%81%E4%BD%8E%E9%83%A8%E7%BD%B2%E5%A4%A7%E9%80%89%E6%A6%82%E5%BF%B5%E8%82%A1/

MyEG - To include into MSIC Malaysia?
http://klse.i3investor.com/blogs/YiStock/122230.jsp

(吉隆坡4日讯）马银行金英投资银行分析员预计，即将公布的MSCI大马指数成分股名单中，MyEG（MYEG，0138，主板贸服股）将会榜上有名.

马银行金英指出，股票市场指数供应商MSCI，即将在15日（周一）中欧时间晚上11时，或本地时间早上5时，公布半年度指数评估结果。

新名单6月生效而所有的名单更动，将在6月1日起效。
分析员预计，将有5家公司被纳入MSCI主要指数，包括Thanachart资本（纳入MSCI泰国指数）、Rural Electrification有限公司（MSCI印度指数）、Globalwafers（台湾MSCI指数），及我国的电子政府服务供应商MyEG。

同时，分析员也预计，印度的United Spirits以及我国的成功多多（BJTOTO，1562，主板贸服股），将从各自国家指数中被移除。

agreed with Necrophos... low standard of QR... performance commentaries also just a few lines

http://www.thestar.com.my/business/business-news/2017/04/26/bursa-malaysia-q1-earnings-up-13pc-to-rm57mil/

Let's grow together with GKent profitably.

Impressed that GKent becoming another growing construction player.

wow... another Wealth Wizard's counter. Will add more.

consider good closing today. Look forward tomorrow.

Last night's US swing from big gain to a small loss dampens today's sentiment. Hopefully when market feel is good, GKent continue to fly...... up all the way...cheers!

Gkent my largest counter in my portfolio.

gogogo.....!

Go GKent!

another bullish stock

thank you for the hardwork WW

wow very hot here.

Well written!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5374809

The Edge Stock With Momentum: Cab Cakaran Corp Bhd (+ve)

http://klse.i3investor.com/blogs/the_edge_stock_with_momentum/118857.jsp

Stock With Momentum: Cab Cakaran Corp Bhd (+ve)

http://klse.i3investor.com/blogs/the_edge_stock_with_momentum/118857.jsp

today price holding well when market is down.

http://klse.i3investor.com/blogs/myinvesting/118809.jsp

2 months ago Mr Market gave a premium of 14.5%. Just after 2 months, it deserves a discount? I think very much due to run up of mother price while the son did not follow.

Very good analysis. This is my first time viewing video on stock analysis. Thank you. Keep it up!

wow I just invested yesterday and today it flies. Thank you for sharing.