Asset growth tallies with liability growth and roe is down. This shows the company has not been very effective in improving efficiency. the other reason may be the company has too much competition in the local market. Asset management is a good field but how to enlarge the company's market share in the insurance business posses a big challenge for the company. As for the lending business, I am neutral on this area.
This Co is a puzzle. The management has succeeded in driving profits (quarterly) to less than a third despite acquiring asset management business. Asset management is a fee-based activity where the asset manager i.e. Manulife gets income irrespective of which direction the market goes.
I hope the head office sees the absence of quality among the top management & gets rid of them. They know how to make impressive statements in the annual report which is a mere Public Relations nonsense to hoodwink the shareholders. We want to see them earn their keep by sustaining & improving profits.
"A holistic customer-centric approach will be taken in our forward thinking solutions designed to help our customers’ most significant financial decisions. We will offer a range of innovative ...blah, blah, blah" - Sounds like hogwash to me
"Barring any unforeseen circumstances and the change in MGS yields, the Directors expect the Group’s performance to remain satisfactory in the current financial year ending 31 December 2014" - Huh? Did I miss out something? Seems out of whack when profits compared to corresponding previous quarter fell more than 73%!!
Will the parent co just sit by the sidelines & watch the co slide? or Will it take the bull by the horns & implement major changes to halt the decline?
The latest quarterly results show no top-line growth. The net profit however increased not because of management capability but due to luck. The large increase in MGS yield caused a reduction in contingent liabilities.
In summary, the management is inept and the major shareholders seem to allow it to drift into oblivion. How long do they want to wait before taking any action? Take the bull by the horns - do something!!
Another pathetic performance. It's on the long slide downwards. Dividends are dwindling. What I'll do is that I'll boost up my yield with the door gifts and free food at the AGM haha
hi guys , someone still at manulife, can I know why I cannot see any dividend info ? on 24/02/2016 manulife declare 9 sen dividend right ? still havent proceed or cancel dividend ? please help guys thanks
At the recent AGM, the chairman was impatient & was trying to bulldoze the accounts deliberation. That's not right as shareholders only has a once a year opportunity to grill the board.
Shareholders are concerned over several issues including the declining share price & dividends. The fact that the investment was written down soon after acquisition which smells a rat.
MSWG raised the issue that one of the directors did not attend 3 out of 5 board meets and was not present at the AGM was seeking re-election. A few of us was put our hands up opposing to his re-election. However there were several old folks who were just pleased to be treated nicely in a pleasant surrounding, with an umbrella as a door gift and a spread of food who blindly like zombies supported his re-election. MSWG also noted that there was a director who did not attend the past 2 AGMs as well as the current. It gives me the impression that their presence in the company was merely to carry the title "director", collect fees and eat popiah at meetings. I hope that the parent company notices these red flags & do something about it.
Regulator simply approved directors including lazy director? Anyway, many directors are there just to collect easy $. First time drop by here, wonder it is the right entry point now. Will consider at around 2.20.
In case you or family members had bought investment linked insurance products, always ask the insurance company or its agent (better in black and white) on the annual premium that you need to pay at various stage, eg. at age of 55, 60, 65 etc, then you can know how much to pay when you are old and judge whether you still can afford then before it is too late. Wish no body is mislead.
Insurance businesses become booming sector now esp the earning is a few hundred % better than last year. No wonder Warren's Berkshire keep on buying insurance business.
Flourishing of digital centers and other foreign investments create more jobs, so very likely more medical insurance and takaful to be sold. Share price of Manulife cannot simply be compared to its share price two years ago, because its NTA has increased by 33% from year 2022. NTA as at 31st March 2024 RM5.94 NTA as at 31st March 2022 RM4.48
Nope, you won't get your dividend if you sell before ex-dividend. The earliest you can sell and and get the dividend is on ex-date, i.e. 1st July in this case but you need to note the market price will likely be adjusted on 1st July anyway
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Kian Leong Lim
432 posts
Posted by Kian Leong Lim > 2014-11-18 12:33 | Report Abuse
Asset growth tallies with liability growth and roe is down. This shows the company has not been very effective in improving efficiency. the other reason may be the company has too much competition in the local market. Asset management is a good field but how to enlarge the company's market share in the insurance business posses a big challenge for the company. As for the lending business, I am neutral on this area.