Posted by limyuwei > 2020-12-15 16:58 | Report Abuse

Pref share hard to sell and price more volatile (and can even be traded lower than ord share). Long term invest, then can buy pref share to collect dividend, else just ord share will do.

Posted by JLKL12 > 2020-12-15 17:12 | Report Abuse

thanks limyuwei..

Posted by Pinky > 2020-12-15 17:23 | Report Abuse

@limyuwei what u mean is Pref. shares less liquidity is it? Hence it will be hard to liquidate your holdings.

Large gap between buyer's bid vs seller's offer

Am I right?

Posted by limyuwei > 2020-12-15 17:29 | Report Abuse

yes, the spread is big and is not really traded at 20% premium as well, seems like is ~95-110% of ord share price.

e.g. today closing
Allianz buy 14.76, sell 14.8
Allianz PA buy 14.72, sell 15

Posted by Pinky > 2020-12-15 17:31 | Report Abuse

Yeah with that kinda spread only suitable if you gonna buy and hold for long time.

Posted by myinvesting > 2020-12-15 23:57 | Report Abuse

Although Allianz-PA entitles 20% more dividend than ordinary share, it is not liquid (due to high holding by Allianz SE German and funds) hence not able to reflect 20% premium over ordinary share price.

Posted by myinvesting > 2020-12-16 00:03 | Report Abuse

Last year dividend was 65 sen. Hope to see this year to be around 70 - 74 sen.

Posted by Bullrunrun > 2020-12-17 15:32 | Report Abuse

Q4 result is excellent
Dividends maybe 75 cents

Hold for retirement

Posted by Kon Lim Chai > 2020-12-19 09:12 | Report Abuse

As part of retirement asset is acceptable

Posted by Bullrunrun > 2020-12-23 21:54 | Report Abuse

No much transaction
EPS 2.80
Target price RM 20
Dividend 80 cents

Posted by Kon Lim Chai > 2020-12-29 17:40 | Report Abuse

58 sen and 69.6 sen for ord share and pref shares respectively. Special dovidends later

Posted by Kon Lim Chai > 2020-12-29 17:42 | Report Abuse

Last yr 51 sen and 61.2 sen for ord share and pref share respectively.

Posted by Bullrunrun > 2020-12-29 17:55 | Report Abuse

This coming January dividend may hit record high
Buy call now...

Posted by Pinky > 2020-12-29 18:02 | Report Abuse

@Kon Lim Chai good!

Posted by Pinky > 2020-12-29 18:04 | Report Abuse

3.99% dividend yield at current price for ordinary shareholders

Posted by Kon Lim Chai > 2020-12-29 18:07 | Report Abuse

Ex dividend dates not yet announced.

Posted by Pinky > 2020-12-29 19:01 | Report Abuse

Nvm la declared already means firmed

Posted by Pinky > 2020-12-29 19:02 | Report Abuse

Wonder why today declare dividends but today share price so weak

Posted by Bullrunrun > 2020-12-29 20:53 | Report Abuse

58 cents dividend
special dividend 20 cent maybe
Buy and keep for retirement .....

Posted by kywoo > 2020-12-29 21:32 | Report Abuse

My educated guess is that there is a special dividend announcement next week. The fact that they are not announcing an ex date or payment date for this interim is they want to combine the 2 dividends with a common ex date and payment date. As to how much is the special dividend is anybody's guess. I think it would be at least 17 sens and anything more would be really a bonus to shareholders. Hence, total dividend would very likely be 75 sens compared to 65 sens last year. With higher dividend and better financial results, Allianz share price should be higher next year.

Posted by Snowpiercer > 2020-12-29 22:23 | Report Abuse

No special dividend.....disappointed but better than nothing

Posted by myinvesting > 2020-12-29 23:57 | Report Abuse

At this dividend rate, it works out to be >4% yield over average price, it is considered a decent one. Therea are various factors affecting level of dividend. From shareholders perspective, especially say from Allianz holding co viewpoint, dividend is budgeted in advance and normally it would be an increasing dividend amount premise on increased budgeted profit. On 9 months todate, Allianz Msia reported an increased profit. Dividend should be even higher. But another important hurdle is regulator's approval. All insurance company dividends need prior approval from regulator... In time like this, regulator's approved dividend may be lower than what you applied for, similar to what happened in many years back when RM was much depreciated. It would paint an odd picture to the public if regulator approves a higher dividend during pandemic time, despite company reported higher profit and budgeted for. Allianz General and Life have been stable/growing companies with adequate capital built up over the years and would be able to sustain further growth even with higher dividend payout. Again, regulator approval is beyond your control. It is still a decent dividend at >4% yield after all.

Posted by myinvesting > 2020-12-30 00:02 | Report Abuse

Another possibility is to keep the remaining portion to final dividend, allow time to observe economy condition, using year-end audited accounts to apply for final dividend again in early next year. Try luck again in next application to regulator.

Posted by myinvesting > 2020-12-30 00:14 | Report Abuse

If gross up of the typical dividend application cut of say 20%, 58 sen x 100% / 80% = ~70sen. It should be around 70 sen, higher than last year 65 sen.

Posted by myinvesting > 2020-12-30 00:33 | Report Abuse

Allianz surprises shareholders with 58c dividend per share

https://www.thestar.com.my/business/business-news/2020/12/29/allianz-surprises-shareholders-with-58c-dividend-per-share

Posted by x3mg33 > 2020-12-30 08:05 | Report Abuse

I agree with @KYWoo as a check back to last year’s dividend of 51 sen was announced on 31 Dec 2019 and Special dividend of 14 sen and full payment details was announced on 10 Jan 2020. Hoping for a similar repeat in Jan21.

Posted by Snowpiercer > 2020-12-30 08:35 | Report Abuse

Nothing to do with regulatory approval.... Just because 3 weeks apart the regulator can see differently. By now, internal already know the full year result...only a few days left in 2020...like banks, they just want to conserve cash...easier to explain during tough time.

Posted by Pinky > 2020-12-30 09:20 | Report Abuse

This morning up.

So yesterday was a sellers' trap hahaha

Posted by limyuwei > 2020-12-30 09:32 | Report Abuse

Regulatory approval is needed and BNM will indeed control how much dividend insurance company can pay, and actually did apply haircut on some companies previously.
However, AFAIK Allianz has a healthy RBC ratio, way above what is required.

Despite only a few days left, Allianz internally still don't know how the number will be like.
They will need to wait until 31 Dec, take the latest position (asset value, interest rate etc.) to project future actuarial liabilities.

Posted by Pinky > 2020-12-30 09:38 | Report Abuse

Even without special dividend I'm happy. 4% yield.

Posted by SilverHawk > 2020-12-30 15:51 | Report Abuse

This year ordinary dividend is higher than last year. Think no special dividend for this year. Last year special dividend is due to big fair value gain.

Posted by Bullrunrun > 2020-12-30 17:38 | Report Abuse

This share is undervalue
EPS RM 2.80
NESTLE ONLY RM 2.38 eps

Posted by CakapSohaiThings > 2020-12-31 09:21 |

Post removed.Why?

Posted by Bullrunrun > 2021-01-03 20:59 | Report Abuse

Special dividends 20 cents coming

Posted by observatory > 2021-01-04 01:21 | Report Abuse

@kywoo, @x3mg33,

By past practice, I doubt Allianz will announce a special dividend separately just a few weeks later.

Previously the company actually announced the interim and special dividend together in a single announcement on 31 Dec 2019.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3013154

Posted by samcck > 2021-01-04 19:08 | Report Abuse

no more special dividend

Posted by Papayashot > 2021-01-05 16:54 | Report Abuse

hi, may I know any expiry date for the preference share? This preference share can be converted to ordinary share?

Posted by Bullrunrun > 2021-01-06 08:58 | Report Abuse

RM 15 today

Posted by Papayashot > 2021-01-08 19:42 | Report Abuse

Hi all sifu, if hold preference shares, must I convert to ordinary share first then only I am entitled for dividend? Can anyone share your experience? tqtq

Posted by PuppyKitten > 2021-01-08 20:24 | Report Abuse

If ur aim is dividend, dun convert as PA js entitled 20% more dividend than ordinary share. If not mistaken, no deadline for conversion.

Posted by Papayashot > 2021-01-08 20:51 | Report Abuse

Thanks PuppyKitten, thanks for your reply. Appreciate that.

Can I check from you all what's the logic behind splitting Allianz share to ordinary & preference shares?

Posted by myinvesting > 2021-01-08 21:54 | Report Abuse

Ex Date 25-Jan-2021

Single tier interim dividend of 58.0 sen per ordinary share
Single tier interim dividend of 69.6 sen per irredeemable convertible preference share ("ICPS")

Posted by Bullrunrun > 2021-01-11 10:25 | Report Abuse

very good counter for retirement

Want fast money Go Casino now glove companies and Oil& Gas

High risk high return

Alliance NTA RM 23

Cheap now... BUy

Posted by PuppyKitten > 2021-01-11 14:42 | Report Abuse

Papayashot @ it was a fund raising exercise back to 2010. Something like right issue. Check 2010 bursa announcement or click on klse screener, capital change Tab

Posted by Bullrunrun > 2021-01-11 21:16 | Report Abuse

i will buy more if drop below RM14

Posted by Bgt 9963 > 2021-01-11 21:29 | Report Abuse

Very solid stock...!

Posted by Bullrunrun > 2021-01-13 12:24 | Report Abuse

MCO
Motor insurance premium never reduced
Less accident
Good for Allianz general insurance profit surge
EPS rm 3.00 per year
Top in Bursa higher than Nestle

TARGET PRICE RM 20

Posted by Kon Lim Chai > 2021-01-13 14:05 | Report Abuse

Corporate proposal for Allianz: First, have a share split exercise of 1 to 5 or1 to 10. This improve liquidity of the shares. Secondly, get separate liting of life division and general insurance division. Mkt price will double if not triple. Put forward the proposals in AGM.

Posted by Bullrunrun > 2021-01-13 19:38 | Report Abuse

Nobody speculate this stock.
boring but steady income and undervalue stock

Posted by Bullrunrun > 2021-01-15 10:33 | Report Abuse

KUALA LUMPUR: Maybank Investment Bank Research maintained its "buy" call on Allianz Malaysia Bhd despite a lower profit forecast for FY21.

The research house said it expects lower investment gains at Allianz Life to weigh on the group's earnings although the latter's underlying fundamentals remains trong while the drive for further cost efficiencies continue.

For FY21, Maybank IB projects group net profit to slip by 6% year-on-year.

"We nevertheless project a 5% YoY growth in Allianz Life’s ANP. As for Allianz General, we project GWP growth of 3.5% in FY21, but a higher combined ratio of 90.1% versus 89.3% in FY20 as claims normalize upwards.

"As such, we estimate Alliance General’s FY21 pretax profit growth to be 3%," it said.

For FY20, the research house expect Allianz's group net profit to have been stable, benefiting from maiden contributions frmo it partnership with Pos Malaysia and lower claims during the MCO period.

Maybank IB raised its FY20/21 earnings forecasts marginally by 1%/4% to factor in higher investment income and lower claims respectively.

Allianz has proposed a higher interim dividend per share of 58 sen for FY20 versus 51 sen in FY19.

At the current price, the dividend yield on 58 sen is attractive at 4%, said Maybank IB.

The research house has an unchanged target price of RM16.75 on the stock.