Share price holding well after 21sen jump yesterday. Looking good for some corporate activity to happen. I guests it is ripe for PNB to bring out MNRB’s real worth .
Raider You went bankrupt and Calvin helped you. Each and every person inside i3 forums knows this.
Thats why you helped Calvin in the NetX dodgy deal. Now you again help Calvin, defending against 3iii.
Its time for you to stop hammering in those coffin nails into Calvin's coffin. Calvin will be buried without your help. You help Calvin = Means Calvin is guilty, everyone knows this.
General Raider & Calvin Tan are Great Allies bcos we share many common success criteria mah!
Btw Calvin Tan has knack of picking great stocks, thus in order to be successful u should careful go thru Calvin Usual Great Pick & pick some to follow mah!
Most lagged insure the insurance company. Your great chance to buy in dip before any coroporate restructuring.. by PNB for merging their insurance business
Mnrb is a growth stock . Its revenue increased at compound rate of 12-14% per year since 2019. Its revenue has surpassed Takaful in FY 2023/24. EPS for FY ending March 2024 may hit 35sen ( vs Takaful’s 41 sen). Hopefully, it is ripe for substantially higher dividend from now on . I believe PNB which control this company will make it happen.
One month ago I was bearish on MNRB because I spotted bearish flows coming from Maybank IB (IVT trader account). Huge lot size sell-off.
As MNRB's share price hit RM1.62 on Friday, I have turned bullish on the company again. Reinsurance profit will continue to increase due to improved investment income from FI and equity as well as improvements in net earned premium (NEP). For the next financial quarter, investors want to see (1) higher margins for re-insurance profits (2) how the company management deal with higher interest rate (higher for longer IR) (3) how co deals with capital calls (4) Further rebound in family takaful business [Takaful Ikhlas]
My next PT for MNRB is RM2.20 as MNRB is safe from the broad market sell-off. Cautiously optimistic before the next quarterly earnings (expected late May)
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....
G-boy
394 posts
Posted by G-boy > 2 months ago | Report Abuse
MNRB compare with lpi takaful
only diff with PB...
mnrb over undervalue till PB so low..
if refer to 0.8 pb, share price should be 2.8~