Posted by joetay > 2018-07-23 22:17 | Report Abuse

u stated that mnrb is in financial troubles, that is a very serious allegation, u know????

lol.........

Posted by joetay > 2018-07-23 22:19 | Report Abuse

so mata buta calvintaneng, r u sticking to ur allegation that mnrb is in financial troubles????

lol..........

Posted by joetay > 2018-07-23 22:21 | Report Abuse

so mata buta calvintaneng, no use reporting my postings as abuse.

pls answer my question whether mnrb is in financial troubles as u alleged????

its a very serious allegation, u know????

lol..........

Posted by calvintaneng > 2018-07-23 22:23 | Report Abuse

Don't argue

Just sell fast fast and get out!!

Now listen to some nice Oldies!

https://www.youtube.com/watch?v=ikNIEDa0WT0&index=19&list=RDBKV8IAMfTRk

Posted by joetay > 2018-07-23 22:24 | Report Abuse

really mata buta calvintaneng, no use reporting my postings as abuse.

so is mnrb in financial troubles as u stated in ur report????

its a very serious allegation, u know????

if mnrb comes to know of it, they might decide to take legal action against u.

lol..............

Posted by hollandking > 2018-07-23 22:25 | Report Abuse

i'm sure uncle kyy would love to listen to this song.

Posted by joetay > 2018-07-23 22:25 | Report Abuse

so mata buta calvintaneng, is mnrb in serious financial troubles then as u alleged???

u r refusing to answer my question.

lol............

Posted by calvintaneng > Jul 23, 2018 10:23 PM | Report Abuse

Don't argue

Just sell fast fast and get out!!

Now listen to some nice Oldies!

https://www.youtube.com/watch?v=ikNIEDa0WT0&index=19&list=RDBK...

Posted by FamousAmos > 2018-07-23 22:26 | Report Abuse

TanEnd is bearish? Time to buy!

Posted by joetay > 2018-07-23 22:27 | Report Abuse

actually, @hollandking, mata buta calvintaneng has made some very serious allegations regarding the financial health of a financial institution.

so mata buta calvintaneng better have proof to show his mnrb allegations to be true.

lol............

Posted by joetay > 2018-07-23 22:28 | Report Abuse

actually @famousamos, u might see ur good friend mata buta calvintaneng getting into some serious legal issues with his latest mnrb allegations.

lol................

Posted by calvintaneng > 2018-07-23 22:29 | Report Abuse

By all means Amos

Go support these also Patimas, Kenmark, Saag, Megan Media, Ekran & Transmile

Posted by joetay > 2018-07-23 22:29 | Report Abuse

but mata buta calvintaneng, pls answer ur allegation that mnrb is in serious financial troubles.

its quite a serious allegation against a financial institution, u know.

lol............

Posted by joetay > 2018-07-23 22:35 | Report Abuse

for anyone interested in contacting mnrb to ask for clarification, pls contact ir@mnrb.com.my or 03-2096 8000.

lol...............

Posted by TheContrarian > 2018-07-23 23:10 | Report Abuse

Calvin, I just did a check on the "loans and receivables" which are actually fixed deposits placed with various banks. Under new financial reporting standards fixed deposits are now grouped under "loans and receivables".

Posted by joetay > 2018-07-23 23:22 | Report Abuse

lol............

thats why mata buta calvintaneng is digging a legal hole for himself, bro @thecontrarian.

i think tonite mata buta calvintaneng cannot sleep since he made such a serious allegation.

maybe someone will report him to mnrb tomorrow.

lol................

Posted by calvintaneng > 2018-07-23 23:27 | Report Abuse

One Big Problem with Motor Insurance is FRAUD

Road Side Furniture Stores also Got Huge Fraud

Last time I know people who got into small accidents with their high end expensive cars will do this in cahoot with workshop & adjusters

A Mercedes Benz with accident claim amount of Rm20,000 to Rm30,000 will do "monkey"

Why they call "Do monkey"?

THEY WILL RAM THE CAR SEVERAL TIMES MORE TO WRECK IT UNTUIL TOTAL LOSS TO CLAIM FULL INSURANCE PAYMENT

THIS IS A FORM OF CHEATING WHICH INSURANCE AND REINSURANCE COMPANY SUFFERS


For Furniture?

If Business Very Bad?

They will buy Insurance first

Then remove the good expensive furniture

Put old second hand ones of little value in the Store

THEN SET THEM ALL ON FIRE

After that in cahoot with Insurance Adjuster to cheat Insurance Companies

So rampant then that many Insurance Company suffered losses and closed shop

Posted by joetay > 2018-07-23 23:30 | Report Abuse

but mata buta trash calvintaneng, is mnrb in serious financial troubles????

i m really worried abt ur allegation.

tomorrow i call mnrb ir to get clarification from them????

so how?????? is mnrb going into bankruptcy according to ur article????

i better call mnrb tomorrow for clarification.

Posted by kamcheonghui > 2018-07-24 10:31 | Report Abuse

Thanks Calvin Tan for sharing info.

Posted by joetay > 2018-07-24 11:53 |

Post removed.Why?

Posted by joetay > 2018-07-24 13:05 |

Post removed.Why?

Posted by leno > 2018-07-24 13:26 |

Post removed.Why?

Posted by Jonathan Keung > 2018-07-24 13:56 | Report Abuse

this is bad

Posted by TheContrarian > 2018-07-24 14:55 | Report Abuse

Leno, Insas cantik or not?

Posted by calvintaneng > 2018-07-24 15:59 | Report Abuse

Leno is the smartest investor around

Clap!
Clap!!
Clap!!!

You shall do very well in investments.
Cheers.

Posted by joetay > 2018-07-24 16:38 |

Post removed.Why?

Posted by Ron90 > 2018-07-24 19:54 | Report Abuse

PNB and bumiputra foundation, both PNB ler..holds 55.1%, way over simple majority. so why cant they just remove the top management of this company? perhaps you could elaborate on that. yes, they keep on selling..but only peanuts compare to the total share that still available, if they really serious to dispose their stake. stupid to do it dy by day..untill tua baru finished...huhu

Posted by joetay > 2018-07-24 20:10 |

Post removed.Why?

Posted by Ron90 > 2018-07-24 20:25 | Report Abuse

pretty sure he forgot about the total number for that majority shareholders. ..huhu

Posted by joetay > 2018-07-24 20:31 |

Post removed.Why?

Posted by calvintaneng > 2018-07-25 10:34 | Report Abuse

Parkson18

1.96 no dividend RI coming where got cheap? Only mata buta joetay say cheap.
25/07/2018 06:35


Parkson18 has the most intelligent comment today!!


Listen. Don't go cry father cry mother.

They say if the horse is dead the best thing to do is to dismount

Posted by joetay > 2018-07-25 10:36 |

Post removed.Why?

Posted by Ron90 > 2018-07-25 12:22 | Report Abuse

just answar my question, why the majority shareholder, >51%, decided to do the sell bit by bit of their share, rather than throw out the bad management?? if that is really the case. what hold them back?

Posted by joetay > 2018-07-25 12:26 |

Post removed.Why?

Posted by joetay > 2018-07-25 13:47 |

Post removed.Why?

Posted by calvintaneng > 2018-07-25 14:08 | Report Abuse

Correct

You will lose lest if you take heed to warning

Last time I warned wahahaha in Tekseng to sell it above Rm1.00 but he kept opposing me. Today Tekseng crashed by 72% to only 28 sen & wahahaha disappeared.

Read this

https://www.nst.com.my/business/2018/07/392611/dr-m-whistleblowers-will-be-protected-retaliation

Posted by joetay > 2018-07-25 15:05 |

Post removed.Why?

Posted by joetay > 2018-07-25 17:12 |

Post removed.Why?

Posted by calvintaneng > 2018-07-25 17:23 | Report Abuse

How come baby joejoe cry father cry mother now no use loh!
Should have taken kind hearted admonition

Posted by joetay > 2018-07-25 17:29 |

Post removed.Why?

Posted by joetay > 2018-07-25 17:35 |

Post removed.Why?

Posted by joetay > 2018-07-25 19:54 |

Post removed.Why?

Posted by joetay > 2018-07-25 23:53 |

Post removed.Why?

Posted by SuperInvestor9 > 2018-08-25 13:48 | Report Abuse

mnrb is a shit stock, don't waste time on this useless counter.

Posted by joetay7 > 2018-08-25 14:15 |

Post removed.Why?

Posted by joetay7 > 2018-08-25 20:52 |

Post removed.Why?

Posted by EngineeringProfit > 2018-08-25 23:09 | Report Abuse

Had sold early this year when it went up 2.70+

Posted by Jarklp > 2018-08-25 23:19 | Report Abuse

I don't own MNRB. I think some of the points in the article are not entirely correct. Just to share what I observed in their accounts:

1. Gross premium should be 2.5b, not 1.3b. It is not clear what caused the drop in the last quarter. A drop in revenue is usually not a good thing unless they stop writing some loss making business. To be fair, their claim also came down during the quarter.

2. High management expense - we can't tell whether MNRB has high or low expenses unless you compare that with their product loadings and other life/general companies to form a better view. Insurance companies incur high marketing costs on branding and incentives to the sales people (in addition to commission). Major insurance companies usually have a branch in almost every state to serve their policyholders. Syarikat Takaful incurred RM260m (they put some under "other operating expenses") for the first 6 months, it will be more RM500m a year. For some life insurance businesses, part of management expenses can be charged to policyholders' fund.

3. High receivables - I believe part of these is outstanding premiums which is backed by policyholders' policy values, there is little risk here. The other is outstanding claim recovery from reinsurance companies, usually backed back strong international reinsurance companies. These are the reasons why they are not impaired else their auditor EY surely won't let go such a big amount.


5. On right issue - obviously they don't have enough money! My understanding is that insurance is a capital intensive business. They don't have inventory but Bank Negara requires them to put aside huge fund to support the risks they are taking to ensure policyholders are protected. I read that MNRB set up a new company recently. This triggers additional paid up capital and their RM320m debt (not sure whether this is subordinated debts) is maturing this year. What is not clear to me is why are they have a right issue instead of issuing subordinated debt.

Buying at your own risk... Good luck..

Posted by lching > 2018-09-20 23:12 | Report Abuse

good points Jarklp, thanks.

Posted by TheContrarian > 2018-09-21 00:06 | Report Abuse

The Receivables are actually fixed deposits placed with various banks. Insurance business you collect premium before coverage. Where got such thing owe premium? No premium no coverage.

Posted by Kean Leong Wong > 2018-10-04 11:23 | Report Abuse

mr calvin, could it be true that they sell to appear to YOU are red flag. But what about they subscribe the right at only RM 0.9, does that appear to you they are Long Term investor? isn't it a strategy of SELL high BUY low??!!