Posted by DreamCruiser > 2020-11-17 14:18 | Report Abuse

Boleh juga la

Posted by DreamCruiser > 2020-11-17 14:19 | Report Abuse

Kasi up lagi sikit la

Posted by DreamCruiser > 2020-11-17 14:19 | Report Abuse

Baru la lagi sedap main

Posted by DreamCruiser > 2020-11-17 14:20 | Report Abuse

Keep improving

Posted by DreamCruiser > 2020-11-17 14:20 | Report Abuse

Good luck

Posted by Pinky > 2020-11-26 17:52 | Report Abuse

Good results announced!

Posted by limyuwei > 2020-11-26 19:41 | Report Abuse

https://www.allianz.com.my/documents/144671/983846/2020_Q3_AMB_Analyst_Briefing.pdf/9e795143-863c-4bde-abc4-2e0f9bd8af22

Posted by Pinky > 2020-11-27 09:53 | Report Abuse

@limyuwei thanks for sharing!

General business very strong growth.
But life a bit underperformed compared to market.

Positive for me.

Posted by Ex7121 > 2020-11-30 20:48 | Report Abuse

General insurance gained from Mco, CMCO, less car on the street hence less accidents. Life instance, people no money, how to buy?

Posted by limyuwei > 2020-12-03 19:39 | Report Abuse

Life insurance profit from lower medical claims. Believe it or not, medical claims is actually largest claims component for almost all life insurance companies in Malaysia.
There is actually limited first year profit from life insurance, due to the high acquisition cost.
In fact, first year profit for new business is usually negative instead.

Sales might slow down this year, but it will actually look good on IFRS profit.
Life insurance in Malaysia (and especially Allianz) is heavily focus on investment linked products with recurring premium. i.e. business sold last year, or even 10-20 years ago, will still generate profit this year. However, investment linked products (with high profit margin) only started to gain the traction in past 10 years, while long before that, insurance companies were selling products with significantly lesser profit margin.

Posted by gemfinder > 2020-12-07 10:12 | Report Abuse

buy in 13.98. dividen coming

Posted by myinvesting > 2020-12-09 23:43 | Report Abuse

Allianz General Insurance is no 1 in the industry and it is cash cow business for Allianz Malaysia. With its increased profit YTD, it can pass up more dividend to Allianz Msia Berhad. Its life business has been growing very fast since 10 years ago, topline outgrows its general insurance business now and profit is catching up. It is time for its life business to pass up dividend so that Allianz Msia Berhad can achieve better dividend payout ratio.

Posted by Pinky > 2020-12-10 07:33 | Report Abuse

Allianz life got a super agent in NPG Group...super aggressive

Posted by SheonStar > 2020-12-10 11:25 | Report Abuse

Agreed to what @myinvesting. Expected higher dividend payout to be announced in Early Jan 2021. with less claims payout higher higher PAT. Should be higher than RM 0.51 dividend this round.

Posted by gemfinder > 2020-12-11 12:42 | Report Abuse

all banks oredi shooting up... faster buy allianz ohhh

Posted by Bullrunrun > 2020-12-11 17:57 | Report Abuse

Just bought in Alliaz
Top agents 126 from HLA moved to Allianz may boost the sales

Tarhet price RM18

Posted by Kon Lim Chai > 2020-12-11 17:59 | Report Abuse

Insurers invested a lot of blue chips. These blue chips are moving by year end, the gain will be reflected as fair value gain. Can expect superb performance the 4th qr.

Posted by Kon Lim Chai > 2020-12-11 18:05 | Report Abuse

Parent company in Germany will need more dividend from msia operation since Europe has been in tough time. Allianz SE hold 85% in Allianz PA and 65% in Allianz ordinary shares. Can expect higher dividend for PA over ord. shares. T

Posted by Pinky > 2020-12-11 19:06 | Report Abuse

Eh I though Preference Shares work just like bond i.e. the dividend rate is fixed? How could the parent ask them to declare more? If declare more also should be for ordinary shares. Correct me if I'm wrong thanks

Posted by limyuwei > 2020-12-11 21:28 | Report Abuse

Insurers dont usually invest their own assets in equity. Most of the fair value gain impact quoted in the finance statement is the fair value gain of the policyholders' investment linked fund, net net minimal impact to the company.
e.g. your asset increase but your liability also increase


Allianz PA dividend is 120% of ordinary share. Allianz Life has been retaining lots of earning for future growth, as capital is needed to underwrite more business.

Posted by Bullrunrun > 2020-12-12 02:45 | Report Abuse

Nestle Eps 2.35
Allianz EPS 2.88

Posted by Bullrunrun > 2020-12-12 14:56 | Report Abuse

Target Price RM 21 Allianz

Posted by Kon Lim Chai > 2020-12-12 22:37 | Report Abuse

Just look at 2019 dividend pmt record. It was 78 sen for preference share and 65 sen for ord. share.

Posted by Kon Lim Chai > 2020-12-12 22:44 | Report Abuse

Look at the investment assets of fin statement in AR, you will find about RM 2 billion equities.No capital base requirement for investment policies. Dividend Payout ratio more than 100% for Nestle, Carsberg, Bat, Heim. Allianz made pfofit after tax RM492 million 2019. 2020 expected to cross RM590 million. Total number of ord shares plus preference shares about 346 million. Hence, capable of raising dividend per share more than RM1.

Posted by Kon Lim Chai > 2020-12-12 22:47 | Report Abuse

Reasons picking these companies because they are majority owned by angmo. They are here to milk us. Injecting small capital and take away huge dividend every year.

Posted by Kon Lim Chai > 2020-12-12 22:51 | Report Abuse

Whether Allianz own any equities can be seen in AR. Investment in financial assets exceeded total liabilities to policy holders.

Posted by Bullrunrun > 2020-12-13 09:36 | Report Abuse

Most Allianz investments are safe heaven, bonds and company bonds and steady flow of incomes

Posted by Kon Lim Chai > 2020-12-13 10:26 | Report Abuse

The last downward revision of interest rate was early july 2020. Another review is early Jan2021. Bonds value up when interest rate is down.

Posted by Bullrunrun > 2020-12-13 19:35 | Report Abuse

Next dividend 25%x EPS RM3.00 =75 cents to be pais in Jan 2021

Posted by limyuwei > 2020-12-14 08:54 | Report Abuse

Low interest rate can also mean high solvency capital requirement.
And this will limit the ability to payout dividend.

Posted by Kon Lim Chai > 2020-12-14 09:27 | Report Abuse

Up, up, up!

Posted by Kon Lim Chai > 2020-12-14 09:28 | Report Abuse

14.90 now. Those not confident can take profit now

Posted by Pinky > 2020-12-14 09:30 | Report Abuse

@Kon Lim Chai my personal TP is RM17

Posted by limyuwei > 2020-12-14 09:40 | Report Abuse

Once Allianz Life decided to stop it growth, it can start to payout dividend. This will easily double the total dividend, so the TP should be RM30.

Other local companies (GE, Prudential) all constantly paying out 80-90% of net profit as dividend.

Posted by Pinky > 2020-12-14 09:41 | Report Abuse

With NPG driving their Life business growth, they can easily grow

NPG damn aggressive

Posted by limyuwei > 2020-12-14 10:04 | Report Abuse

exactly, TP with growth > TP without growth > 2x of current price = RM30.

There are also many other potential upsides, e.g. Allianz is conducting medical repricing in 2021.
There are also upcoming IFRS17 standard in 2023, which will accelerate the profit release for ILP business.

P/B, dividend yield, EPS and actually even EEV all are not a good measurement to value Allianz Malaysia, due to the uniqueness of Allianz Life business.

Posted by gemfinder > 2020-12-14 10:48 | Report Abuse

huat ahh

Posted by Kon Lim Chai > 2020-12-14 14:17 | Report Abuse

I like RM30 suggested by Lim

Posted by Snowpiercer > 2020-12-14 14:21 | Report Abuse

ordinary vs preference shares.... any view knowing that preference dividend is 1.2x of ordinary?

Posted by Pinky > 2020-12-14 15:38 | Report Abuse

@Snowpiercer

https://www.investopedia.com/terms/p/preference-shares.asp
https://www.investopedia.com/terms/p/preference-shares.asp

Preference shareholders have no voting rights.

They are like a hybrid of equity and bond.

Bondholder get a fixed % of interest payment every year
Preference shareholder get variable amount of dividend per year

Posted by limyuwei > 2020-12-14 16:16 | Report Abuse

https://www.theedgemarkets.com/article/allianz-proposes-rights-issue-icps

AMB said any dividend for the new ICPS holders would be a non-cumulative preferential dividend, in priority over all AMB shares, where the dividend rate was equivalent to 1.2 times of the dividend rate of the AMB shares declared.

Posted by Pinky > 2020-12-14 17:04 | Report Abuse

@limyuwei thanks for that info/link

Posted by Bullrunrun > 2020-12-14 19:57 | Report Abuse

EPS RM 2.88

Dividends paid out 70 cents almost 5%

better than FD

Allianz has succeeded to bring in a group of top agent 126 from HLA.

Buy and Keep

You cannot find Malaysia stock with high growth and higher EPS than Nestle EPS RM2.35

Nestle RM 137, Allianz only RM 14.7

Target Price RM 25

Posted by gemfinder > 2020-12-14 22:47 | Report Abuse

Sold some 1530

Posted by Snowpiercer > 2020-12-15 10:19 | Report Abuse

LPI vs Allianz ...... which one if can only afford to invest in one?

Posted by Pinky > 2020-12-15 10:25 | Report Abuse

LPI General Insurance strong only

Allianz both also strong

Posted by limyuwei > 2020-12-15 11:18 | Report Abuse

GI is boring due to its short term nature, and also limited penetration. Life got more upside, due to relative low penetration and large protection gap (e.g. many people only have low insurance coverage).

However, currently life insurance in Malaysia is expensive (vs Singapore), and high commission and expenses incurred due to heavily rely on agency and banca distribution. LGE changed the tax relief from EPF + insurance 6000 to EPF 4000 + insurance 3000, but there seems like no spike in insurance penetration. The only good thing about life insurance market in Malaysia is that, our life products are now moving towards protection based (higher margin), instead of investment/saving based.

Posted by Bullrunrun > 2020-12-15 13:23 | Report Abuse

Move LPI to Allianz.

Allianz EPS rm2.8

Nestle EPS 2.35 Price RM 137

Allianz may give more generous dividends in Feb 2021 say 80 cents

Target price RM 22

Posted by Snowpiercer > 2020-12-15 15:43 | Report Abuse

EPS should be around 1.4 on fully diluted basis as preference shares get 1.2x dividend of ordinary shares..... but yes even that, price should be in excess of RM22

Posted by JLKL12 > 2020-12-15 16:50 | Report Abuse

hi everyone... gd to buy ord share or pref share?