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
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.
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.
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 )
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.
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%.
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.
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.
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.
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.
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.
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....