They did bought a plantation in 2019, which is 10% of their total planting area at that time. They are currently carry out replanting in the new acquired area. Palm oil tree will take at least 3-4 years to bear fruits. It takas the new tree 7 years to be come productive.

Johnzhang, uncle loves you wor! He praise you in his latest article.

KYY now into OSK. Hopefully, he quickly dispose all his MNRB holding this few days.
Stockraider so quiet today, maybe too busy selling his share.

Moratorium, MNRB do not have the monopoly in reinsurance in Malaysia. This sector was open up several years ago.
I think this company can be consider undervalue due to its more consistent earning now and NAPS of 3.28.

Why so worry about KYY, what you should worry is the fundamental of this company. If it is still intact, just wait until KYY n gang finish dumping the share, then we will add lo.

VincentTang, how do you derived the TP price of 3.62?

Jaya26, spot price won't benefit UP very mucd. They sell their product forward partially up to more than a year.Please check the annual report. In a rising market, their ASP will be lower than average MPOB average price. However in a declining market, their ASP will be higher. That is why they can provide quite a consistent dividend yield even in bad years. Hopefully, next year their dividend will be RM!.

dividend payout should be end June

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

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

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.

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.

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.

I do attend the AGM, I don't remember they mention about the 50-60% payout ratio.

Below are one of the item ask during AGM, You can get it from MNRB's website.

34)What is the dividend policy going forward for the
payout ratio?

Answer:
Financial Providing shareholders’ returns will continue to be the
Board’s priority.
However, the Board also needs to consider the capital
requirements of the subsidiaries as well as the building
up of MNRB’s sinking fund for debt repayment.

Is it in the AGM minute?

Sorry typo, FY2015 to FY 2019 dividend none.
If I'm not wrong, many moons ago, half of RE insurance business have to go to them. But the government have open up this sector few years ago.
Since then, they have not been doing well. I believe after PH take over the government, MNRB have also clean up their act. They become wiser not to underwrite those high risk re-i policy. That's why It has slowly recover from the slump.

FY2021 Div 3sen so far.
FY2020 eps 17 sen but dividend only 2.5 sen.
FY2015 none FY 2019 none.

They did not follow the 50%-60% dividend policy since 2015. You can check their dividend record. I believe their dividend is also subject to Bank Negara's approval. I also hope they will give final dividend.

TheContrarian, are you sure there will be a final divedend, may I know where did you get the info?

Posted by TheContrarian > Feb 26, 2021 9:32 AM | Report Abuse

A regular dividend payout will attract institutional funds and price will move higher. Yes, there will be a final dividend but need to wait another few months.

Where did you get the info?


Posted by Value Investor Coo1eo > Jan 13, 2021 2:00 PM | Report Abuse

Holland......key customer phase out. TP drop RM1.5

dam82, 20 sen interim dividend already paid. I'm happy with another 60 sen

ethan, Its not that straight forward. This is because the price of FFB purchased by them will increased too. So, the EPS will be lower than your estimation.

They have a forward sales policy. So I think their ASP in fourth quarter
mabde less than 3000.

Where is Mabel???? Normally she will appear here all wet!!!!!

OWNERSHIP TYPE (AS OF LATEST FILING)

TYPE INVESTORS % O/S POSITION (M Shares) VALUE(M USD)
Individual Investor 5 46.38 1.00 601.68
Corporation 2 10.14 343.87 126.79
Government Agency 3 9.11 308.75 114.35
Mutual Fund 244 7.77 264.83 107.01
Pension Fund 5 5.74 194.37 70.85
Investment Advisor 58 3.96 135.13 52.05
Sovereign Wealth Fund 2 2.05 69.48 28.67
Investment Adv/Hedge F 23 1.55 52.66 20.26
Insurance Company 2 1.32 44.45 16.46
Pension Fund Portfolio 2 0.03 1.00 0.35
Bank and Trust 1 0.01 0.42 0.15


Info from https://www.bursamarketplace.com/

TheContrarian > enter cherry picking mode.

Manage to pick any Cherry? If not go pick peanut lo.

If so desperate to buy ar, ask Awang to release all his 78m holding today lo. I bet you get below RM 1 lo, maybe 1 sen also can get. wakakaka!!!!

CSE np is only 5%, is it good company? Shouldn't have buy it.

Agjl, the eps is around 19 to 20 sen after the bonus. It will be lower if all the warrant are converted.

Don't look at the price, coming QR will decide up or down.

Dividend????? Sure bo???? I just received 20 sen/share b4 CNY. I don't think they can give another 15 sen this Q.

so stupid, Since it's your idea, why want to ask others to write to Warren Buffett????? Do it yourself lo. If so unhappy with this counter, sell lo!!! Your remarks is just like your name.....

I think panic selling intensified after report from Affin Hwang downgrade from RM7.8 to RM5.8 at 11:24 am today.
Grats to those who buy cheap today.

It's all in Busy weekly. Haiz! Want to make money but don't want to invest in yourself!!! Already show you the fish, pls fish for youself.

mplus123 n Agjl pls comment with facts. Don't TCLSS. Pls check Busy Weekly interview with the boss(6 months ago, I think), then you will know how does the cocoa price affect GCB's profit.

The Busy Weekly has wrote 2 very good articles about on GCB this year.
No need to argue or speculate here.

Ya lo, chill lah!!! No need to argue so much ma, we are here to share info ma. Wish everyone Merry X'mas n Happy New Year. Ong! Heng! Huat!

Look at the sell queue, I don't think it will cross rm 3 this morning.
Fund are still collecting

Mabel, thank you for sharing.

This counter is controlled by big fund. Road block at 4.35 with more than 1 mil shares. Furthermore, a lot of call warrant being issued.
So, have to be sabar.

Sunshine88, thanks for sharing.

Sunshine88, Thanks for the info. Any info provided on company's future outlook during AGM,
appreciate if you can share.

pang72, see, no need to promote and argue with 'fake fund clerk', publicinvest TP 7.75.

you can sell after ex date

Wah! pang72, you and stockraider become twins kah? You now talk similar to him le. Ha! Ha! Ha! no need to promote so much. Let the coming QR do the talking.

After AGM & EGM on 10th OCT, ex-date for bonus will be announced.
Anyone going to AGM? Pls share the info provided in AGM. Thanks

Last minute only push up, so tomorrow opening can sell high. Maybe selling not finish yet.

EPF have been selling since last year until now,almost every week. I don't think it is cause by EPF selling.

Maybe caused by CIMB downgrade to 'RM 6.5'. Well,two of the call warrant are also issue by them. Excise price are 4.6 n 5.3. Conversion ratio 6:1