MNRB HOLDINGS BHD

KLSE (MYR): MNRB (6459)

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Last Price

0.89

Today's Change

+0.005 (0.56%)

Day's Change

0.88 - 0.89

Trading Volume

103,000


8 people like this.

3,601 comment(s). Last comment by TomYam 1 month ago

Posted by sangkancil > 2021-11-14 21:16 | Report Abuse

SSPN -i : takaful ilkhlas family

Posted by sangkancil > 2021-11-14 21:18 | Report Abuse

KUALA LUMPUR: The National Higher Education Fund Corporation (PTPTN) today unveiled a new product under its National Education Savings Scheme (SSPN).

Known as Simpan SSPN Plus, it is an improved and new look of its existing (SSPN)-i Plus.

PTPTN chief executive Ahmad Dasuki Abdul Majid said the Simpan SSPN Plus offers more options to the depositors through its strategic partnership with three takaful operating companies namely Hong Leong MSIG Takaful Bhd, Great Eastern Takaful Bhd, and Takaful Ikhlas Family Bhd.

"Simpan SSPN Plus is a competitive and unique product that combines savings for education with the benefits of takaful protection, which is indeed the best among other education savings plans that are available on the market

Posted by sangkancil > 2021-11-14 21:23 | Report Abuse

She noted that SSPN deposits rose to a record-high of RM1.99 billion last year -- an increase of RM623.82 million or 45.6 per cent from RM1.37 billion in 2019 -- bringing the total amount of SSPN deposits to RM7.88 billion as at Dec 31, 2020.
Noraini also added that 436,101 new SSPN accounts were opened in 2020, bringing the total number of accounts to 4.82 million since it was established.

Posted by All_in_2021 > 2021-11-24 13:15 | Report Abuse

this share so little volume

Posted by sangkancil > 2021-11-30 18:14 | Report Abuse

PE < 5 , main shareholder :PNB

Johnzhang

2,666 posts

Posted by Johnzhang > 2021-11-30 19:46 | Report Abuse

KUALA LUMPUR, Nov 30 -- MNRB Holdings Bhd's net profit eased to RM38.83 million in the second quarter ended Sept 30, 2021 (Q2 FY2021) from RM42.36 million in the same period last year.

Revenue, however, rose to RM730.04 million versus RM706.81 million previously, it said in a filing with Bursa Malaysia.

PBT is $47 mil same as last year.. But higher tax this qtr has resulted lower NPAT. EPS 5 sen.
Surprisingly, difficult operating environment during 3 Q didn’t affect performance.

Johnzhang

2,666 posts

Posted by Johnzhang > 2021-11-30 19:47 | Report Abuse

No mention of interim dividend . Hopefully, the company will follow up with interim dividend soon.

firehawk

4,503 posts

Posted by firehawk > 2021-11-30 19:54 | Report Abuse

4sen div

ooihk899

1,595 posts

Posted by ooihk899 > 2021-11-30 20:16 | Report Abuse

I don't think there is a dividend. Although result ok, looks like old problem in Reinsurance business made a comeback again after change of top management more than a year ago.

'The lower net profit was the result of higher large losses and lower share of net profit from associate by RM9.4
million, from share of profit of RM9.2 million to share of net loss of RM0.2 million.'

Haiz.

Johnzhang

2,666 posts

Posted by Johnzhang > 2021-12-01 14:07 | Report Abuse

I think the result for sept qtr is commendable especially it was a very challenging operating environment then. MNRB's broad insurance portfolio is capable to provide overall financial performance consistency.

1. The Reinsurance segment did not do as well despite much higher earned premium.
2. The general takaful profit contribution was slightly lower and revenue was flat.
3. However, The Retakaful and Family Takaful segments perform very well and able to compensate most of the shortfall in the Reinsurance segment

What pull down the performance wasn the financial asset fair value loss of - $2mil (vs gain of $22 mil in corresponding period), and share of result of associate of minus $2 mil (vs $5 profit in corresponding period). Without these factors, especial fair value loss, the company could have performed much better than yoy.

In the overall, profit before tax for the qtr still the same yoy. Tax is higher by $4mil which account for the difference in NPAT yoy.

Johnzhang

2,666 posts

Posted by Johnzhang > 2021-12-01 14:09 | Report Abuse

i am still hopeful for an interim dividend to be announced later.

stockraider

30,076 posts

Posted by stockraider > 2021-12-01 14:22 | Report Abuse

The dividend already paid mah....4 sen pa loh!

Likely to maintain mah!

Johnzhang

2,666 posts

Posted by Johnzhang > 2021-12-04 18:52 | Report Abuse

@stockraider, the 4sen paid was the final dividend with respect to last financial year . I hope they will still pay an interim and final at least matching last financial year.

Posted by sangkancil > 2021-12-05 16:02 | Report Abuse

just collect in dips .. not many company able to make money in Q3 .conservative calculation , EPS 5cents x4 ..minimum EPS 20cents.. how many stock in bursa can give u EPS 20 cents for 1.xx share with a stable business ( non cyclical )

stockraider

30,076 posts

Posted by stockraider > 2021-12-05 17:00 | Report Abuse

Another big undervalue stock with huge margin of safety loh!

Should not miss loh!

Posted by sangkancil > 2021-12-06 19:18 | Report Abuse

stock price will be back to the intrinsic value....today the price didn't drop and holding on

amateurJR

2,273 posts

Posted by amateurJR > 2021-12-14 16:40 | Report Abuse

Alot ppl are unsatisfied with its last 2 qtr results. For me, the results are not that bad and this company still undervalued.

amateurJR

2,273 posts

Posted by amateurJR > 2021-12-17 14:54 | Report Abuse

Please drop more, I am coming back to MNRB soon

Moratorium

167 posts

Posted by Moratorium > 2021-12-17 16:22 | Report Abuse

Now is cheap already. I'm also nibbling up bit by bit...

ooihk899

1,595 posts

Posted by ooihk899 > 2021-12-22 11:27 | Report Abuse

If your are a long term investor, important thing you should ask yourself is if the flood compensation change the fundamental of the company.
What worry me more is their oversea Reinsurance business.
This business incurred losses last Q. If it repeat again this Q, that will be a bad sign because that was the problem that almost brought
down the company last time.

Posted by sangkancil > 2022-01-07 20:42 | Report Abuse

after this more and more will buy special perils insurance ..long term will be good for MNRB

firehawk

4,503 posts

Posted by firehawk > 2022-01-12 15:39 | Report Abuse

is a very humble stock .....

amateurJR

2,273 posts

Posted by amateurJR > 2022-02-08 10:36 | Report Abuse

good stock. but not for goreng fast money

chkhooju

1,599 posts

Posted by chkhooju > 2022-03-01 21:31 | Report Abuse

Loss making. Shit!

Posted by ImLearningFromSifu > 2022-04-20 16:11 | Report Abuse

macam going up...

TheContrarian

7,394 posts

Posted by TheContrarian > 2022-04-21 19:43 | Report Abuse

Best to wait for coming QR first.

Posted by bhullar_1972 > 2022-04-28 15:56 | Report Abuse

Yes, i think it maybe hit hard by selangor flood claims.

Noni

505 posts

Posted by Noni > 2022-05-03 11:12 | Report Abuse

Brian McKnight, Back at One

stockraider

30,076 posts

Posted by stockraider > 2022-05-03 11:36 | Report Abuse

Mnrb Dec 2021 qtr result is pulldown by the Dec 2021 flood claims provision loh!

Managements are optimistic on its future performance loh!

TomYam

91 posts

Posted by TomYam > 2022-05-06 15:04 | Report Abuse

MNRB | MNRB Holdings Berhad

Mar 03
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat
Third quarter 2022 results:
RM0.028 loss per share (down from RM0.064 profit in 3Q 2021).
Revenue: RM675.2m (down 3.9% from 3Q 2021).
Net loss: RM22.1m (down 147% from profit in 3Q 2021).
Revenue exceeded analyst estimates by 3.0%.

Posted by TheGardener > 2022-05-11 08:29 | Report Abuse

Free ticket to Holland! Please join now!

DickyMe

12,045 posts

Posted by DickyMe > 2022-05-15 10:35 |

Post removed.Why?

KINGV

47 posts

Posted by KINGV > 2022-06-04 17:19 | Report Abuse

MNRB could be a counter to collect at current prices of RM1.00 to RM1.05. As expected the 4th quarter earnings rebounded after the 3rd quarter loss due to massive floods. In a normal year the earnings per share would be over 21 sen which means a PE of less than 5 at the last traded price of RM1.04. The NTA per share is over RM3.00.

The insurance/reinsurance is a growing market. To me this industry has a characteristics of a casino and utility combined. It is like a casino because it uses probability to calculate premium and payout among others. It is like a utility because it is a necessity for most individuals and companies. The good thing is that MNRB is the house/owner providing the service. This means that for most periods the company will make good earnings based on law of averages except when there are calamities or mismanagement.

The earnings will grow if the company is managed well all things remaining the same. To encourage investors to buy MNRB shares , a positive move is to have a dividend payout policy .As an example , if the payout ratio is 35% and the earnings per share is 10sen, 20sen and 30 sen then the dividend will be 3.5sen, 7 sen and 10.5 sen respectively. You share in the good and bad of the company and the company still has the balance of 65% for reserves/expansion. I am confident and optimistic of this line of business. If every things progress well, the price of this counter will be much higher except you need to be patient. I generally collect when things are quiet , right prices by me and the potentials are there.

chkhooju

1,599 posts

Posted by chkhooju > 2022-06-04 18:40 | Report Abuse

PNB has disposed off CCM. MNRB will be next. It is a matter of right price. If the offer is reasonable, MNRB will be sold because it is not the core business of PNB. Hence do keep on buying at the current price. Big gains are awaiting us.

TomYam

91 posts

Posted by TomYam > 2022-06-07 11:08 | Report Abuse

MNRB | MNRB Holdings Berhad

May 31
Full year 2022 earnings released: EPS: RM0.15 (vs RM0.24 in FY 2021)
Full year 2022 results:
EPS: RM0.15 (down from RM0.24 in FY 2021).
Revenue: RM2.70b (up 8.0% from FY 2021).
Net income: RM114.4m (down 40% from FY 2021).
Profit margin: 4.2% (down from 7.6% in FY 2021). The decrease in margin was driven by higher expenses.
Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat.

Rambutan9

24 posts

Posted by Rambutan9 > 2022-07-27 10:44 | Report Abuse

2.5 sen final dividend.Disappointed!!!

speakup

18,964 posts

Posted by speakup > 2022-07-28 07:39 | Report Abuse

@Rambutan9, u expected how much?

chkhooju

1,599 posts

Posted by chkhooju > 2022-07-28 08:53 | Report Abuse

It is quite fair. Be contended with that.

ykloh

449 posts

Posted by ykloh > 2022-07-28 23:34 | Report Abuse

Far from fair. Stated dividend policy is 40% to 70% pay out. 2.5 sens is not even 20%.

Rambutan9

24 posts

Posted by Rambutan9 > 2022-07-29 08:25 | Report Abuse

ykloh,TQ for your comment.Let us hear from John Zhang who has an indepth knowledge of MNRB.Over to you John.

TomYam

91 posts

Posted by TomYam > 2022-08-05 10:07 | Report Abuse

MNRB
Share Price 7 Day 1 Year
0.99 1.0% -23.3%

Full year 2022 earnings released: EPS: RM0.15 (vs RM0.24 in FY 2021)
Full year 2022 results:
EPS: RM0.15 (down from RM0.24 in FY 2021).
Revenue: RM2.69b (up 7.6% from FY 2021).
Net income: RM114.4m (down 40% from FY 2021).
Profit margin: 4.3% (down from 7.6% in FY 2021). The decrease in margin was driven by higher expenses.
Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year.

amateurJR

2,273 posts

Posted by amateurJR > 2 months ago | Report Abuse

haha fair value loss so big? what kind of investment they made?

firehawk

4,503 posts

Posted by firehawk > 2 months ago | Report Abuse

For the period ended 30 June 2022, the Group recorded a revenue of RM842.8 million, an increase of 13% as compared to RM743.0 million reported in the corresponding period last year. The RM99.8 million increase was generally contributed by higher gross premiums/contributions of RM100.9 million or 14% generated by the reinsurance and takaful subsidiaries.
However, the Group recorded a loss after tax of RM13.3 million in the financial period ended 30 June 2022 as compared to RM46.5 million profit after tax reported in the same period last year. The significant decrease in the profit after tax by RM59.8 million despite the increase in the revenue was mainly contributed by the unfavourable fair value movement of the investments as well as increase in the
net claims incurred and the unfavorable result of the associate.

Posted by TheGardener > 2 months ago | Report Abuse

Please sell like no tomorrow or land in Holland! Investment lost like no tomorrow! Impossible to recover in short term!

willc48

492 posts

Posted by willc48 > 2 months ago | Report Abuse

dont worry..their profit down but diviend 2.5 sen payout this Oct.

willc48

492 posts

Posted by willc48 > 2 months ago | Report Abuse

mnrb affected by msia flood compensation as well US

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