Regularsation plan will be submitted to bursa by end of Januari 2015. Refer to announcement tidak for detatls

Maa holds 75% stake in maa takaful bhd. It is already capitalized with paid up cap of 100mill. Thus to break up the business into 2 separate entity. The required max outlay is only 100 mill. With ownership of 75%, maa will need only 75 mill. There is no need for operation cost as the 2entities will already be well capitalized.

Why need capital, they have more than 150 million cash. To inject to maa takaful, they only need 75 million (75% shareholding of maa takaful). If delist, Bursa must be the worst regulator/ institution in the world. Compare many many companies still listed in bursa showing minimal businness and profitability and still being listed. Look at Air Asia X after listing and those companies with turnover of less than 5 million a year. Base on all factors available, there is only 1% chance Maa will be delisted (provided you have clown running bursa malaysia

JOHAN AND GKENT HAVE A COMMON SHAREHOLDER MAJOR SHAREHOLDER. NO CROSSHOLDING OF OWNERSHIP.

mONEY, WHY ARE YOU SO CONFIDENT?

You are spot on as far as fundamentals. Hopefully on timeline it materialise. Maybe it will be like a low hanging fruit.

If you are patient and do not need the money, maybe can hold. Downside to share price is limited unless there is a major stock market correction.
This is my best calculated guess.

Bonus issue ex date fixed at 27th august

The announcement is positive as it brought to closure the long dispute with Zurich Insurance. Also MAA should be able to book in this current financial quarter a write back provision of 12 million or eps of 4 cents. For the second quarter financial result (to be announced this month),if MAA is able to achieve a decent profit, then there is a good chance that MAA can submit a self-regularisation plan to Bursa (for upliftment out of PN 17).

Like to share your reason. Why?. Anything to do with AGM or some good development

Eita , UPA and Mediac are good stock to buy now as they have big news coming in.

Eita , UPA and Mediac are good stock to buy now as they have big news coming in.

Is one step in right direction to be out of PN status.

Third quarter result should be good (normally strong sales in 3rd q) and hopefully a reasonable dividend. Long term prospect is bright. Last 2 years they were on expansion program locally with capacity expansion and acquisition of new Bentong factory (now running). Health care growth seems to be better than their tissue division now.

As mentioned by Jetli, the gain on disposal was offset by a provision of RM45 million on claims by Zurich. MAA being prudent has made the provision in case Zurich claim is valid. However, this is still subject to MAA disputing it which is still ongoing pending independent accountant/actuarist/lawyer assessment (appointed by MAA to look into the claim).As to the cash depletion, I think part was utilised to invest in short term investments of financial assets.

Just to add on my comment earlier. Bursa existing guideline is that if a company still has existing good/potential business with sustainable business model and positive profit trend it may opt to self regularise (instead of undertaking a restructuring plan/or acquire new business). On top of this, existing business should achieve at least 2 consecutive quarters of reasonable net profit. If you were to study how Adventa got out of PN 17, wherein it waited to achieve 3 consecutive quarters of net profit and shown that it has a viable sustainable business in healthcare. It applied for for self regularisation and got it approved recently. The same goes for ECM LIbra which has submit in November 2013 to self regularise after achieving 3 consecutive quarters of net profit. Its application is still pending approval and I suspect the delay may be Bursa is still not too convinced yet that it has a strong sustainable business. ECM Libra liquid cash are heavily invested in shares and other liquid instruments. It only has fund management and corporate finance/advisory to support its existing business. Now coming back to MAA, its core business of takaful business is much more sustainable (if managed properly). What is left is the loss making general insurance business in Indonesia going through the process of liquidation. So, whether MAA submit for self regularisation now or wait for another one quarter of net profit, is anybody guess.

With 2 consecutive quarters of profit, MAA should be able to apply to Bursa to seek waiver to submit any regularisation plan and self reguarise itself from PN 17.

Based on the financial position of the company now,it should have valid grounds to appeal for further extension of time to submit a plan. However, there still is a slim possibility that it may apply to self regulate based on its cash holding and present takaful insurance business. Base on rationale thinking and logic, Bursa malaysia would not be so STUPID to delist the company from Bursa. Bursa has to consider the interest of minority shareholders. Since it fall into PN 17 at end of 2011, the company has taken many steps to clean up its books and dispose many businesses that are unrelated to takaful business. As such Bursa should have enough of brain to maybe allow the company to self regulate.

With more than 200 million, MAA may consider merger or acquisition of other smaller takaful operator. Otherwise MAA may consider cash repayment to shareholders or privatisation by major shareholder. Alternatively major shareholder may sell MAA to another insurer who is keen to have a stake in takaful business.

Without any doubt it is a positve news. The company will be closer to completion of the sale of its businessess to Zurich ie by end of Sept 2013. Another loss making unit ie the Indonesian General insurance business that is at negotiation stage for sale to a potential investor. Once this is also sold off, then the company will be in much better footing to focus on it s remaining core business of MAA Takaful and smaller business of fund management under MAA Mutual. I guess it will then be at advance stage of completion of the company restructuring exercise.

if you are a very patient investor, maybe can buy and wait. Price of stock should reach about 70 to 80 cts by year end. MAA is now a holding company of MAA Takaful ( an insurance company governed by Bank Negara Malaysia). Under the new FSA ruling (came into effect this month) MAA is now under the supervision of Bank Negara Malaysia. Thus the cash of about 150 million cannot be simply invested in any other businesses except financial services related. This is extra comfort that the company will not get into any financial trouble. Thus it cash has to be used wisely ( or maybe special dividend later). If you add the cash and the existing business, the company is valued more than a rm 1.00 at least.

Company yesterday announced completion of sales of the property in Shah Alam and another lost making subsidiary (in april completed). With the completion the company has net cash of about 120 million or equivalent to 1.40 per share. NTA of company also increased to about 2.60 per share. Hope the company will announce special dividend in the event it is unable to find any good business to acquire.

If you are a long term investor and looking for fundamental stock with decent average divident yield of about 4 to 5% pa, then look at NTPM.

Invest at your own risk and provided regional markets stablise. At about 50 to 55 cts should be reasonable price.

Eventually the stock will be out of PN 17. It is a matter of time. A patient investor will be rewarded provided there is no major bear market in the next 6 months.

Yes, restructuring will take place later. Most likely around September 2013, when they receive the the balance amount from the sale of MAA Insurance to Zurich. They have applied to Bursa for extension of time say 3 or 6 months time. Should be no problem to get the extension of time from Bursa.

You are right that the NTA is RM1.41. Value wise with cash holding of 50 cts per share and existing businesses the company (almost debt free) should command a higher market price of 65 cts. The Takaful insurance business has great potential for growth in malaysia. The growth rate is even faster than the conventional insurance business. It all depends on how professional and sincere the major shareholder is in improving the company business. In the event of any m & a with other takaful insurance business, that will be good news for the stock.

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What reason your friend recommend you to buy this stock. Anyway just to give you a brief of the company. It is classified as PN 17 company. The company need to submit a restructuring plan to bursamalaysia by 17th of this month. If they fail to by this deadline, it has to submit an appeal to bursamalaysia for extension of time say another 6 months. In the event the company is able to submit the plan by this month ie 17th, then it should be good for the stock price. Otherwise if you are a shareholder you have to wait for a longer period. Value wise the company has cash in hand of about 50 cts per share and its current major business is MAA Takaful business and fund management under MAA mutual fund. Whether to buy or not depends on how patient you are.

maa is on the move now. hopefully the restructuring exercise will be announced soon.

The 11 cts is the cost of OR (say to subscribe to one unit of mas share) at market price say at 11 cts (if you buy now). This OR is right to subscribe to MAS share at 23 cts

I wonder if somebody were to organise small classes to conduct investment talks on basic invesstment knowledge on shares, will there be interested participants. Say a class of 10 to 20 persons. Because, basic knowledge on share investment is very very important. Otherwise, those without this knowledge will lose money for sure.

Well, before buying the OR you have to assess whether MAS share is worth the value at 34 cts per share. But one think is for sure is that MAS is at historical low. How low can it go? All the bad needs have been factored into the share now. Do you see MAS as a turnaround stock??. Any potential for it to show improvement in its operations and profitability. If you think all the efforts the current management is undertaking will yield positive result in future, then MAS should be a good share to buy now as you are buying at historical low. Remember, when nobody buys, you buy. But first you have to think if there is potential. Anyway Khazanah malaysia owns almost 70% of the stock.

The last trading date for the OR is 13th May.
Thereafter you have to subscribe to the right at 23 cts. Meaning to say your entry cost for one MAS share is say 11 plus 23 cts which will be 34cts. Last payment for the right is 21st may.

Maa now has no borrowings and net cash of more than 150 million. Net cash should increase by another 69 million by end of september 2013 when they receive the final proceed from Zurich Insurance ( money held in Excrow account now). Apart from the net cash position, the company has sold its lost making Insurance arm in Indonesia (that will also bring in some cash). This is kitchen sinking and now I suspect the company should be in a better position to start off afresh (hopefully with a stronger management team). After having sold its Main business ie the conventional life and insurance arm to Zurich Insurance, MAA still has a profitable run MAA Takaful business and also MAA Mutual Fund. Management has informed earlier they will continue to enhance the existing business and will not diversify into non financial business. With the excess cash, they will partially use it to fast track growth of the takaful business (high growth potential) while look for more business opportunities in financial services industry (posibbly also in private equity business). More importantly now is that the company financial position is intact. Thus MAA has now apply to Bursa Malaysia for its share to be uplifted from PN 17 due to their strong financial position now and also exisitng business.

Maa has on 30th Sept 2012 apply to see waiver to be classified as PN17 company. Company has reasonably good grounds because of their net cash holding and existing business ie MAA takaful that is profitable and also unit trust/fund management that is also profitable. They have sold off some non core business including Indonesian insurance business that is not profitable. The only weakness is management which I think they are trying to do something. No doubt we need a new set of good managment to stir the company forward.

MAA is on a move. watch out. Possibility of out of PN 17?

stock is consolidating well at current level of 98 to 1.00. I think the second quarter result to be announced in october month should be a good booster. Possible declaring of interim dividend should be expected.

Technically the stock price consolidated for few days.The price should then go up again. Fundamentally it is still a very good and sound dividend play consumer stock. I wonder why so few research house cover this stock. In terms of dividend and value, it should be better and safer to invest than counters like padini and old town (wherein so many research house are covering.

Koperasi Felda selling some shares may be due to the company plan to increase the public shareholding spread to above 25%. This is in compliance to Bursa Listing requirement. By increasing liquidity, the company will obviously attract more institutional investors. Anyway, despite their selling so far of about 2% of company shares, the share price has continued to go up. So, somebody is accumulating. I suspect the share price will test all time high of more than 1.50 in few months time. The price will test the high achieved when the company went listing in year 2007.

Power Root, has broken all resistence. Uptrend intake. Value and stock wise is good. Consumer stock with good dividend yield and growth prospects. Overseas business including Indonesia is very promising. It test all time high above 1.50 in few months time.