Nice qr All time high.. profit also up up up compare yoy Qoq War is an opportunity to buy fundamental stock at discount price War dont take too long time Short term might affect a little Long term investor dont bother at all
According to RHB, "The weak share price performance, in our view, reflects concerns on the Day 1 impact from Malaysian Financial Reporting Standard 17 implementation and lack of near-term catalysts."
But has the effect of new accounting standard been adequately priced in?
I don't know. But I keep an eye on insider selling.
STMB is notorious where principal officers keep selling their shares all year round. However the selling has come to almost a complete halt since late Oct last year. That was the point when share price dropped below RM4.
Right after I commented that Takaful principal officers have stopped disposing their shares, the selling starts again! Why grant shares to key employees only for them to keep selling?
10k shares only. Why worry it is very small portion of total shares
observatory
Right after I commented that Takaful principal officers have stopped disposing their shares, the selling starts again! Why grant shares to key employees only for them to keep selling?
Rising water levels around the Klang Valley today... if your car insurance still doesn't have the Special Perils add-on to cover flood damage, better get it now!
US life insurers mostly are annuities (more towards saving/investment type of product, think saving plan offer by Malaysia insurers), rising interest rate will reduce chance of any guarantee biting of annuities. Takaful is mainly MRTA, beneficial slightly under interest up scenario.
Insurance business cannot survive during troubling time. The whole world is going through a chaotic period from 2020 to 2035. WW3 is unavoidable and it may happen at the end of this decade. Covid-19 the starter, continued by Russia-Ukraine war. The future is going through a dark tunnel.
I agree QR is a good, price is low and good opportunity to buy. I just wonder if there is any underlying problems somewhere that is about to surface. GE15 is coming and this counter should perform too but it seems that it is going south now. It seems that this price is really undervalued now.
2021-11-15 17:49 33% Cukai Makmur one off, no problem.
FRS17 reduces the book value by 28.5%. To me, that's a serious issue. It instantly raises P/B ratio, which is the primary valuation for insurance companies. Also, PAT and dividend will be reduced by 16%. This is also an issue.
Change in CEO might also be an issue (although there's a possibility that the next CEO will do an even greater job).
I had seen how CIMB (the market cap more than 10x of Takaful) was pressed to RM3, hence I know that pressing down Takaful is a piece of cake. Already mentioned dont fight the trend... This is a trend bolstered with the FRS17 impact in 2023, not a downward trend with no fundamental reason...
2021-10-13 13:09 LOL, give it up, even if it rebounds, will be extremely difficult to break above the extremely strong RM4.2 support-turned resistance. Just let it go down and buyback at the next support
2021-11-14 14:57 Beware of the possible dead cat rebound next week, there were a lot FB lives last Friday. They could be trapped at penthouse, waiting to dispose.
If you really want to buy, you can try your luck at 3.2, not when it is floating in the middle of resistance and support. Again, if they really want to press it down, press to the next support of RM2.1 is NOT IMPOSSIBLE. So please dont flame me if you try at RM3.2, but it falls to RM2.1 later.
insurance is a growth company, revenue and income will only grow year to year..and their risk is always mitigated by bigger reinsurance company upstreams
Fear of this FRS17 implementation is over reacted by the market.. if PAT is only reduced by 16%, then for the EPS of 2021, which is about 49.4 sen, will be 41.5 sen after taking into account of this 16% reduction.. & PE at the current price will then only be 8.2.. so much undervalue for an insurance company with good profit growth..
but anyway, I like the over reaction.. this will make the stock a lot cheaper
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....
fortunefire
1,352 posts
Posted by fortunefire > 2022-01-13 09:40 | Report Abuse
It's crawling up