Posted by theong > 2015-02-17 15:42 | Report Abuse

It already break out with volume

Posted by bulleye01 > 2015-02-17 15:43 | Report Abuse

ASIA BIOENERGY TECH BHD BUY 30CENTS TARGETS

Posted by Markus See > 2015-02-17 15:54 | Report Abuse

something is brewing... Well, even if it hits 1.20 , I think i would hold this stock for there are not any cheap insurance stock left to buy. Dividend prospect is good for this counter. I dont expect the management will screw up big time judging from the fact this industry is one of the most regulated industry (in addition to BNM perusal... Thanks Zeti ). The company cannot afford to buy any other financial company coz all other financial related companies are either too big or too expensive. The company cannot invest in any other industry except in finance related; so be assured we wont hear that MAA will explore opportunity in oil&gas exploration etc... Some can say its conservative. Its good to be conservative sometimes... Slow & steady... Lets hope everyone esp MAA stockholders have a goooooat year! ;) Happy Lunar New Year. Cheers.

Posted by theong > 2015-02-17 16:08 | Report Abuse

Hope so .Have to collect at higer price now

Posted by balvin71 > 2015-02-18 09:49 | Report Abuse

Yep, agreed, something is brewing....no announcement of company buying back stocks....means somebody must know something, given the volume yesterday and the support today....even with the long holidays. Last year made good returns on another stock, hopefully this year MAA will do the same.

All the Best, Happy New Year & Happy Holidays.

Posted by tjhldg > 2015-02-18 11:14 | Report Abuse

kikikikiiiiiiiiii

Posted by theong > 2015-02-18 13:08 | Report Abuse

Further collect at 0.72 to 0.73

Posted by theong > 2015-02-18 16:34 | Report Abuse

Check the edge valuation http://www.theedgemarkets.com/my/AA/dashboard?0=1198&exchange=KLSE.

Posted by Abudance > 2015-02-18 16:43 | Report Abuse

Lose making company for its Takayuki side. Sold its insurance to Zurich and didn't distribute its proceeds. So beware no matter how good valuation appears ... Management is tigh fisted .. don't hsve high hopes to rm1.20!

Posted by JAMESOOI > 2015-03-11 12:40 | Report Abuse

Very low volume..... and going up again...

Posted by JAMESOOI > 2015-03-11 12:42 | Report Abuse

going to break 0.70

Posted by moneycashrich > 2015-03-12 10:07 | Report Abuse

what is the probability of MAA being suspended ?

Posted by JAMESOOI > 2015-03-12 17:34 | Report Abuse

50-50 chance

Posted by Cipta > 2015-03-19 17:14 | Report Abuse

List (+) 50% + Delist (-) 50% = say nothing.

Posted by JAMESOOI > 2015-03-20 18:21 | Report Abuse

Nobody know the risk of MAA being suspended, only Bursa Malaysia can answer this question. But what is the risk of investing in MAA?

I have shared in the earlier i3 posting and The Management has submitted the regularization plan recently to Bursa and together with the implementation of the shares buy back of 4,343700 shares until todate.

A few things can happen to the MAA share price. The bad news are
1. with smaller paid up capital, the value of the company goes up, the possibilities that the major shareholders can take the company private.

(QUOTE by i3 member CIPTA on 13/01/2015 that in this view that it is very disadvantage for major shareholder to privatize it because it's main business is controlled by insurance Act. The regulation plan must subject to the approval of BNM, therefore can foresee that Bursa may extend another 3 months for MAA to get BNM approval.)

2. if the regularization plan submitted to Bursa is not approve by Bursa, MAA shall be delisted (a PN 17 stock has a risk of delisted and this is every investor worry), then the minorities shareholders shall have to wait for longer period , maybe at 1 year or more for the company to submit another regularization plan.

The good news are
1. if the major shareholder is good, 2015 shall see a good dividend pay out to the minorities shareholders due to less paid up capital if shares buy back is fully implemented.
2. if PN 17 shall be lifted in the near futures, the MAA share price shall easily can go back to RM 1-00 or more, when, i do not know. So, the minorities shareholders can benefit from this exercise on the up side of the share price above the current market price by at least of 30%.

In the company unaudited account as at 31-12-2014 has a Cash Reserve of RM 344,400,000-00. The Paid Up Capital of the Company has issued shares of 304,353,752 which work out that the cash is equal to RM1.1315 per share.

MAA is still a sleeping stock and the stock px (RM0.69 per share) and does not drop much further and lately MAA share price up maybe due to shares buy back.

If your investing time frame is 1 to 3 years, Is it good to buy some? if you still have the cash to invest? You have to decide it yourself.

I am a shareholder of MAA and to me MAA is really a lelong stock now and NTA as at 31-12-2014 is RM1.39 per share.

I am fully agreed with the (QUOTE by i3 member MARKUS SEE on 17/02/2015 that his view on MAA that something is brewing... Well, even if it hits 1.20 , I think i would hold this stock for there are not any cheap insurance stock left to buy. Dividend prospect is good for this counter. I dont expect the management will screw up big time judging from the fact this industry is one of the most regulated industry (in addition to BNM perusal... Thanks Zeti ). The company cannot afford to buy any other financial company coz all other financial related companies are either too big or too expensive. The company cannot invest in any other industry except in finance related; so be assured we wont hear that MAA will explore opportunity in oil&gas exploration etc... Some can say its conservative. Its good to be conservative sometimes... Slow & steady... Lets hope everyone esp MAA stockholders have a goooooat year! ;) Happy Lunar New Year. Cheers.
17/02/2015 15:54

Posted by theong > 2015-03-21 08:50 | Report Abuse

I am still buying hope it will turn out to be best bargain

Posted by Cipta > 2015-03-23 12:10 | Report Abuse

Well say Jamesooi! MAA is cash rich, MAA has core business in Takaful. MAA is closing down loss making company and starting turn profit. MAA is given insurance license by BNM and Philiphine gov. MAA management has track record in insurance business. One might ask why it still been in PN17. I think that Bursa know that's all because of Bursa outdated rules which give the name tag PN17 to MAA. That's why Bursa allows extension over extension and they started to collect feedback from industries for its new regulations.

Posted by Cipta > 2015-03-23 12:13 | Report Abuse

Finally, given that insurance is one of the most regulated industry in the country, I am more than willing to hold its share in private (if it delisted). Delist is not the end of the world.

Posted by JAMESOOI > 2015-03-24 00:28 | Report Abuse

Cipta, u are very knowledgeable in MAA counter, I fully agreed on the points you mentioned. If delisted, i will go along with the management and keep the shares for 1 or 2 years and wait for further another regularization plan. By that time I am sure the share px will go above RM1.00.

Posted by theong > 2015-03-24 13:27 | Report Abuse

Comparing it with Takaful 2011 the stock price was 1.3 now 12.5. The only different was Takaful was anchor with BIMB. If MAA can merge or joins with major Bank and cross sell it service and products It stock price would not be below 1.

Posted by didiao > 2015-03-24 22:32 | Report Abuse

guys, do you know when is the dividend issuing date?

Posted by moneycashrich > 2015-03-26 10:44 | Report Abuse

My thanks to Jamesooi and Cipta and others for u info and explanations. I am still keeping this counter and wait and see. Thanks.

Posted by virgogo > 2015-03-26 12:07 | Report Abuse

If I may add. Maa should have submitted regularisation plan in last January. At the same time there were some changes to bursa guidelines including companies in distressed situation. I suspect the submission of the plan was further delayed so that maa may take advantage of the bursa changes.

Posted by tradeview > 2015-03-26 12:23 | Report Abuse

MAA is solid no doubt about it. Cash rich company after diposing insurance business due to compliance with BNM regulation. Matter of time it will come up with new business plan for the company. Patience is key to this counter. At least MAA provides good dividend yield (6%) annually.

Posted by theong > 2015-04-02 18:02 | Report Abuse

The Board of Directors of MAAG is pleased to propose for payment of first interim gross dividend of 3 sen per share under the Single-Tier Dividend System in respect of the financial year ending 31 December 2015 to be payable on 30 April 2015 to Depositors Registered in the Records of Depositors at the closure of business on 17 April 2015.

Posted by didiao > 2015-04-04 00:07 | Report Abuse

attractive dividend...nice counter and very big potential...

Posted by robert168 > 2015-04-10 12:16 | Report Abuse

do believe this counter will uplift from PN17 very soon.. at that time the price will shot up to the sky like no business !!! hahaha...

Posted by moneycashrich > 2015-04-14 04:47 | Report Abuse

before we knew it, suddenly it shoot up to the sky. (Quote- Future Headline)

Posted by JAMESOOI > 2015-04-15 18:55 | Report Abuse

What IF, WHAT IF????
The Board of Directors of MAAG has decided to take the same strategies like Takaful Malaysia and proposes the share split involving the subdivision of every one (1) existing ordinary share of RM1.00 each in MAAG into five (5) ordinary shares of RM0.20 each in MAAG.

What do you think the future share price on MAAG will be???

My assumption is that the share price shall be adjusted from the present price of RM0.70 to RM0.14 per share and the company is still a PN 17 company and with adjusted NTA of RM0.28 per share.

I noticed that a MFR OF LATEX GLOVES - INTEGRATED RUBBER CORPORATION BERHAD (IRCB) also a PN 17 and par value is RM 0.20 per share and NTA is only RM 0.22 per share and having the Market price RM0.79 per share as at today.

Of course, i cannot compare apple with orange here, but i find that MAA is way under value in a simple common sense.

All other insurance stocks are above RM1.00++, Don't you think this stock is CHEAP for value investing??

I will not say that the share will show the same strength like INTEGRATED RUBBER CORPORATION BERHAD (IRCB) with a future Market price RM0.79 per share.

You decide what is the future share price will be once PN17 is lifted?????

I think MAAG is very under value and The Board of Directors of MAAG is just propose for payment of first interim gross dividend of 3 sen per share under the Single-Tier Dividend System in respect of the financial year ending 31 December 2015 to be payable on 30 April 2015.

IF, IF the Management is generous again like last year, they will do the same like last year before AGM and propose of second interim gross dividend of 3 sen per share under the Single-Tier Dividend System, that will be a bonus to all the ROYAL shareholders of MAAG - is this possible, maybe ???

I am a shareholder of MAAG and to me MAAG is really a lelong stock.

Posted by moneycashrich > 2015-04-16 22:10 | Report Abuse

Thanks to Jamesooi for u post. I am still holding MAA ex-dividend because I still have no reason to sell at the moment.

Posted by Cipta > 2015-04-19 23:53 | Report Abuse

Declaration of dividend see shift of co policy from share buyback. We can conclude that the management has no new plan for business expansion at the moment. The bright side is the management distribute the retain profit to all share holders instead of holding cash for nothing. Another reason may be is to prevent the co from shark attack.

Posted by theong > 2015-04-20 10:20 | Report Abuse

Should change the name to Takaful MAA .Ha ha ha

Posted by JAMESOOI > 2015-04-20 11:41 | Report Abuse

Buyers are buying at higher price now, above RM0.70 per share ..... and it is going to move up soon. One time MAAG was trading at lowest of RM0.415 in sept 2012. Investor who bought in Sept 2012 has made 100% profit including dividend 12 sen todate. Not bad for a very low risk stock.

Posted by robert168 > 2015-04-27 11:17 | Report Abuse

anyone got the dividend?

Posted by JAMESOOI > 2015-04-30 12:16 | Report Abuse

Dividend paid to your bank account today and check your email for notification

Posted by JAMESOOI > 2015-05-19 09:43 | Report Abuse

price going higher....

Posted by azwan92 > 2015-05-21 08:34 | Report Abuse

Exploding soon!!!

Posted by Markus See > 2015-05-21 14:52 | Report Abuse

Just out of curiosity, does any of you shareholders here buy insurance/takaful from MAA? I've compared their medical takaful with other competitors and MAA seems to have good pricing (cheaper premium for same benefits). Just want to know if any of you had experience dealing takaful with MAA? (Are they cheaper because of negative reasons?) I am getting their Medicare2015. https://www.maatakaful.com.my/?page_id=3015
Of course as MAA shareholder, it makes more sense to buy from MAA even if they cost more. Is your insurance with MAA?

Posted by Markus See > 2015-05-21 15:26 | Report Abuse

With respect to the sudden surge in MAA share prices and volume this 2 days, I would rather hold until it hits above its NTA 1.40 . Even if it hits above 1.40 i think I will still hold because I can't find any other financial institutions shares that seem reasonable priced and have good dividend prospect. Will it hit above 1.40 ? I really don't know. Market has priced this stock irrationally for quite some time. Compared to Syarikat Takaful which has almost similiar business , MAA is very cheap. http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=T&source=M&securityCode=6139
I can only hope MAA can mimic the share prices of Syarikat Takaful.

I suspect some other insurance companies are looking into MAA's books (its seductive cash holdings) and might merge or even takeover MAA. It's highly unlikely the other way round due to its competitor sizes. Too big for MAA's apetite. In fact, Syarikat Takaful Bhd should take advantages of its share price to buy MAA!

In my opinion, I think MAA Takaful management should look into joint venture with other islamic bank to sell its products other than just agency based. There are the only few takaful player without bank JV..The rest JV with other banks and rely on their networks/brances to sell. How about looking into JV with Bank Rakyat?

Posted by theong > 2015-05-21 19:25 | Report Abuse

Ha ha ha moving higher each day .

Posted by JAMESOOI > 2015-05-22 09:00 | Report Abuse

I totally agreed with you, Markus See, MAA is the cheapest in price and with so much cash in the bank and good NTA1.40. I am also a long term hold for this stock.

Posted by JAMESOOI > 2015-05-26 14:13 | Report Abuse

Anybody is going to the MAA AGM this coming Thursday 28 May 2015? I am going.... and see u there.

Posted by theong > 2015-05-26 18:51 | Report Abuse

I wish I could attend .

Posted by moneycashrich > 2015-05-27 09:33 | Report Abuse

Unable to attend...hope that Jamesooi will share u view after the AGM. Thanks.

Posted by JAMESOOI > 2015-05-28 00:00 | Report Abuse

just release 1st quarterly report 31/3/2015 http://www.bursamalaysia.com/market/listed-companies/company-announcements/4753025 , profit is nothing to shout about, but shocking to find out that Cash and cash equivalents in the account balance as at 31/3/2015 was RM 518,958,000-00 which is work out per share is RM1.7298. Can somebody who knows the accounting and able to understand the accounts, please contribute why so must cash in the bank........ and yet the profit is so little......in the P&L accounts

Posted by fmhstock > 2015-05-28 08:59 | Report Abuse

From James Sooi; Can somebody who knows the accounting and able to understand the accounts, please contribute why so must cash in the bank........

Refers above, the increase in cash was mainly due to proceed from disposal of financial asset of RM 210 Million, please refer to the cashflow statement for the details, all in all there is no increase in NTA of the company, so the increase in cash as a result of the company allocation of assets from less liquid to more liquid type.

Posted by InvestFA > 2015-05-28 09:09 | Report Abuse

JAMESOOI, can you help us ask the company management whether they will having a plan to takeover other company business in order to leave PN17 ?

Posted by theong > 2015-05-28 12:50 | Report Abuse

JAMESOOI Can you share with us the outcome of the AGM meeting ?

Posted by JAMESOOI > 2015-05-28 13:48 | Report Abuse

All the resolutions pass by the Members. As for PN17, from the MD, they have submitted the proposal and now the proposal has to get approval by relevant authorities namely Bank Negara and Bursa Malaysia, he himself also does not know when it is going to lifted from PN17. I see it will take awhile again maybe 6 months to 1 year.

But one thing is good , the accounts has improved after written off a few unperforming companies and the management said they have taken care all the bad businesses in the accounts as at 31/12/2014.

As i see it, I think, it is my opinion that they will try to keep up with the dividend payment like last year. I hope they will declare another 3 sens dividend in the near future for 2015 accounts.

Knowing the major shareholders has so many businesses that are not profitable, I believe he also needs the dividend badly also.

i am still take a long position for this company.

Posted by theong > 2015-05-28 13:54 | Report Abuse

Thank you JAMESOOI