Even if chase at rm1 and keep... still a decent 6% p.a. (2 x of 3 sen each) .. don't think FD's in the bank can pay so much... moreover NTA is 1.46... this stock is a gem...
Crazy127, since you have been patience and keep the shares for so long, and your investment time frame is longer then mine, you must well keep abit longer, patience is the name of the game and going forward, this could be very exciting for the shareholders to see more improvement in the share price trending up.
AIA Bhd FY15 PAT tops RM1b By Billy Toh / theedgemarkets.com | March 24, 2016 : 2:13 PM MYT
KUALA LUMPUR (March 24): AIA Bhd's operating profit after tax (PAT) rose 8% to more than RM1 billion in financial year ended November 30, 2015 from a year earlier as insurance premium growth outperformed the industry.
Chief executive officer Anusha Thavarajah said AIA's combined conventional life insurance and takaful's annualised new premiums grew 10.7% versus the Malaysian industry's 6% rise.
Anusha said at a media briefing today : “Our excellent results are a clear reflection of our operating ability and strength during times of market uncertainty and short-term volatility."
"They are testimony to the solid foundation we have carefully built since the launch of our transformation strategy three years ago. Malaysia was AIA Group’s third-largest growth market in the 2015 financial year, behind AIA China and Hong Kong,” she said.
According to Anusha, the Malaysian insurance industry still had room for growth.
She said the current insurance penetration rate here was at 56% and the average sum insured per person was less than RM40,000. She said the sum insured should be about RM200,000 per person.
Looking ahead, Anusha said AIA was confident on the life insurance industry’s long-term growth prospect. She said the life insurance sector would continue to benefit from the country’s younger and growing middle-class population besides the nation's rapid urbanisation.
On what differentiates AIA from other insurers in the country, Anusha spoke about AIA's investment in health and technology.
She said the idea was to link insurance with health and wellness. She did not elaborate.
"The initiative is expected to be launched in the second half of this year," she said.
also on the other side , Syarikat Takaful stock price is defying gravity everyday since 2012. the valuation is mind boggling. there's huge disconnection between this 2 counters of similar business in terms of valuation. yes, i'm aware that market behave crazy n irrationally most of the time. i don't ask why. that's the way it is.
Takaful trades at 12 times bigger than MAA in terms of market cap. Revenue is roughly 3 times more only. And its trading almost 5 times its NTA (versus MAA that trades below its NTA).
Notice of Shares Buy Back - Immediate Announcement
MAA GROUP BERHAD
Date of buy back 29 Mar 2016 Description of shares purchased Ordinary Shares of RM1.00 each Currency Malaysian Ringgit (MYR) Total number of shares purchased (units) 136,800 Minimum price paid for each share purchased ($$) 0.940 Maximum price paid for each share purchased ($$) 0.940 Total consideration paid ($$) 129,170.82 Number of shares purchased retained in treasury (units) 136,800 Number of shares purchased which are proposed to be cancelled (units) 0 Cumulative net outstanding treasury shares as at to-date (units) 2,405,800 Adjusted issued capital after cancellation (no. of shares) (units) 292,692,252 Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 0.82200 Write a comment..
Nice to see MAA supporting the price at 0.94. We we look back, every time they start to support, the stock will go up to the next level soon. Today getting dividend.....can buy some more....hehehe
Notice of Shares Buy Back - Immediate Announcement
MAA GROUP BERHAD
Date of buy back 31 Mar 2016 Description of shares purchased Ordinary shares of RM1.00 each Currency Malaysian Ringgit (MYR) Total number of shares purchased (units) 100,000 Minimum price paid for each share purchased ($$) 0.940 Maximum price paid for each share purchased ($$) 0.940 Total consideration paid ($$) 94,721.73 Number of shares purchased retained in treasury (units) 100,000 Number of shares purchased which are proposed to be cancelled (units) 0 Cumulative net outstanding treasury shares as at to-date (units) 2,688,000 Adjusted issued capital after cancellation (no. of shares) (units) 292,692,252 Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 0.9180 Write a comment..
What pisses me about MAA board are : Why can't they get MAA out of PN17 after so many years with some minor corporate restructuring (not rocket science to switch its core business to takaful right after selling their core conventional insurance biz?) Why didn't Yacoob & Umar leverage on their status & connections to mingle more with those fat cats & analysts so that they can cover us. I mean they are very well-known people in finance industry and elites. Yeah, they always appear on Tatler n all those shits. Not difficult to ask your friends to "support"...
On the other hand, this STM is getting re-rated despite being "over-valued relative to MAA". Today's paper :-
CIMB Research has maintained its “add” rating on Syarikat Takaful Malaysia Bhd (STM) given its potential re-rating catalysts.
“We continue to rate an ‘add’, given the potential re-rating catalysts of good growth prospects in the Takaful industry, bright earnings outlook with projected earnings per share (EPS) growth of 16.8% in FY16 and 12.3% in FY17, and one of the strongest return on equity of 25-26% among the financial services stocks in Malaysia,”
CIMB said STM management sees a stable outlook for the Takaful industry in 2016. It said the strong growth in this segment would partly come from the cannibalisation of the conventional insurance premiums. It is aiming for a gross contributions (premium) growth of 15% in 2016, which is higher than CIMB’s projected 10.7%
I like how they wrote ..."cannibalisation of the conventional insurance premiums.." :D :D Anyway pardon my rant. Just want to vent it after reading the "add" rating on STM. I thank MAA for the generous dividend. Thanks Umar. Looking forward to another 3 cents again. But please do more... Cheers
Date of buy back 04 Apr 2016 Description of shares purchased Ordinary Shares of RM1.00 each Currency Malaysian Ringgit (MYR) Total number of shares purchased (units) 175,000 Minimum price paid for each share purchased ($$) 0.950 Maximum price paid for each share purchased ($$) 0.960 Total consideration paid ($$) 168,404.45 Number of shares purchased retained in treasury (units) 175,000 Number of shares purchased which are proposed to be cancelled (units) 0 Cumulative net outstanding treasury shares as at to-date (units) 2,863,000 Adjusted issued capital after cancellation (no. of shares) (units) 292,692,252 Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 0.97800
market is down bt still some stocks are there who providing the profit as like MAA, it is going, from starting it was in gd position...with this uems also gd to investment..they versified these stocks also...
otice of Share Buy Back Immediate Announcement(201604054700131) Company Name MAA GROUP BERHAD Stock Code / Short Name 1198 / MAA Date & Time Announce 05/04/2016 05:19:36 PM Subject Notice of Shares Buy Back Immediate Announcement
Content Date of buy back (From) : 05/04/2016 Date of buy back (To) : 05/04/2016 Stock par value : 0.000 Total number of shares purchased(units) : 20,000
Minimum price paid of each share purchased (RM) : 0.955 Maximum price paid for each share purchased (RM) : 0.955 Total consideration paid (RM) : 19,247.550
Number of shares purchased retained in treasury (units) : 20,000 Number of shares purchased which are proposed to be cancelled (units) : 0 Culmulative net outstanding treasury shares as at to-date (units) : 2,883,000 Adjusted issued capital after cancellation (no. of shares) (units) : 292,692,252
Getting more interesting share buy back at 0.96 and 0.965 Notice of Shares Buy Back - Immediate Announcement
MAA GROUP BERHAD
Date of buy back 13 Apr 2016 Description of shares purchased Ordinary Shares of RM1.00 each Currency Malaysian Ringgit (MYR) Total number of shares purchased (units) 196,200 Minimum price paid for each share purchased ($$) 0.960 Maximum price paid for each share purchased ($$) 0.965 Total consideration paid ($$) 189,790.52 Number of shares purchased retained in treasury (units) 196,200 Number of shares purchased which are proposed to be cancelled (units) 0 Cumulative net outstanding treasury shares as at to-date (units) 4,005,200 Adjusted issued capital after cancellation (no. of shares) (units) 292,692,252 Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 1.3680
Got so many cheques since the company resumed paying dividends after a kosong period from 2007-2012 and now the price is trying to re-attack 1.00 again :D
It is consolidating at the 0.97/0.98 level after the div of 0.03. This is good. Going forward, 0.97 is the new support level. After consolidating, will resume up-trend.
I first bought MAA about 1.5 years ago. At that time, the dividend yield was fantastic. It is still good. Recently, there was an announcement on the sale of their takaful biz to Zurich. When ever I have excess funds, I keep on buying. I am still accumulating. Reason: I believe there is still upside from current level once the announcement is made on the price. Otherwise the company won't be buying back their shares.
Notice of Shares Buy Back - Immediate Announcement
MAA GROUP BERHAD
Date of buy back 25 Apr 2016 Description of shares purchased Ordinary Shares of RM1.00 each Currency Malaysian Ringgit (MYR) Total number of shares purchased (units) 116,000 Minimum price paid for each share purchased ($$) 0.975 Maximum price paid for each share purchased ($$) 0.980 Total consideration paid ($$) 113,737.67 Number of shares purchased retained in treasury (units) 116,000 Number of shares purchased which are proposed to be cancelled (units) 0 Cumulative net outstanding treasury shares as at to-date (units) 4,535,200 Adjusted issued capital after cancellation (no. of shares) (units) 292,692,252 Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 1.54900 Now buyback at 0.975 to 0.98
MAA chart on 26/04/2016 shows bullish and strong uptrend, yet the share price goes up slowly compare to other goreng counters. Invest in MAA shares, it is a patience game due to good news only that the share price can fly. But I know i invest in MAA due to sale of business and assets plays. it takes time to negotiate for the sale of the business. This final round of waiting for the approval for the sale of MAA Takaful is not far away for the sale to materialize. MAA share is the seller market and if you want the shares, you have to pay for higher price in order to accumulate. Demand is stronger than the supply. So, patience investors to see more improvement in the share price trending up and something good is coming and "Good things come to those who wait" Do you know how much MAA is worth as a company, and i just do a simple calculation and take a few items from the balance sheet as at 31-12-2015. Cash after shares buyback as at todate is RM346,658,000-00 my estimated figure. Cash per share in the bank is RM1.20. Today shares price in BURSA is only RM0.985 in the morning session today 26/04/2016. Shares buyback latest figure is 4,535,200 shares. NTA as at 31-12-2015 was RM1.41 per share . The Management cancelled company shares buyback totalling was 11,661,500. Now MAA Paid-Up Capital of 292,692,252 shares in the market. With the shares buyback as at todate of 4,535,200 shares, the market float only left with 288,157,052 shares. If the approval for the sale of MAA Takaful is materialize, Extract from i3investor.comsharing by NOBY on 15/12/2015 on - P/B valuations , Based on last annual report, MAA Takaful minority interest = 25% MAA Takaful minority interest book value = RM 29.4 mil MAA Takaful controlling stake = 75% Valuation of MAA Takaful (75% stake) on different P/B scenarios P/B =1x , RM 0.29 P/B =1.5x, RM 0.44 P/B =2x, RM 0.59 If MAA Takaful valuation is 1X, worth RM0.29 per share, the NTA ia worth RM1.70 per share. If MAA Takaful valuation is 2X, worth RM0.59 per share, the NTA ia worth RM2.00 per share. I will be happy if the valuation on sale of Takaful is estimated at 1X only, the NTA is RM1.700 per share. This counter to me is still undervalue stock....... and I am a shareholder of MAAG. I am very bullish on MAA. It is for education sharing only and i am not recommend anybody to buy, and if you choose to buy MAAG, it is solely your responsibility on your action.
This is the stock that i can hold and sleep well regardless the political outcome, who is replacing Tan Sri Zeti, the implosion of 1MDB debt default, the commodities prices slump, etc...
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spectre007
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Posted by spectre007 > 2016-03-02 01:12 | Report Abuse
Even if chase at rm1 and keep... still a decent 6% p.a. (2 x of 3 sen each) .. don't think FD's in the bank can pay so much... moreover NTA is 1.46... this stock is a gem...