MNRB (at RM2.04 as at 4.44pm) is now trading at a very low PER of 4.8 times (based on last 4 quarters' EPS of 42.8 sen). Its PBR is also undemanding at 0.4 time. BAsed on such attractive valuation, MNRB is a good stock for long-term investment.
anyone thinks this stock is under value and good at number, please answer my question above pls...!! few years dividend already in their pocket also not enough!
MNRB is a national strategic company established by the government via Permodalan Nasional Bhd (PNB) with the purpose of keeping back a part of the re-insurance premium which previously entirely flows abroad to the bigger foreign insurance companies. This saves our country previous foreign exchange. Local general insurance companies are required to cede at least 20% of their businesses to MNRB.
RM1.90 collected, next wait@RM1.8, 1.7,1.6,1.5. Nice, let's see how low it can go. This is one counter I'm not afraid to average down. Still no news on the rights issue means still got time to allocate funds for rights subscription.
You think who got all the shares to throw out and you think who must pay the most money if the rights shares are announced. Keep quiet and wait for even lower price. If they push the price lower they get to pay less especially when you have 42% of shares in the company.
You don't have to give out bad news to bodek them. They will surely push down the price by hook or by crook or by their own stupidity. Just be patient, don't go catch the knives,....for everyone's sake, don't be so stingy since it is in everyone's favor (whether you are pnb or asb or ccd or ...) for the share price of this stock to drop.
Last time I warned wahahaha in Tekseng to sell it above Rm1.00 but he kept opposing me. Today Tekseng crashed by 72% to only 28 sen & wahahaha disappeared.
ASB (AMANAH SAHAM BUMI) GIVES A YEARLY PAYOUT OF DIVIDEND FROM 8% to10% TO ALL MALAY BUMIPUTRA AS WELL AS NATIVE BUMIPUTRA (CHRISTIAN & NATIVES) OF SABAH & SARAWAK
NOW ASB NEED LOTS OF MONIES FROM HIGH DIVIDEND SHARES TO PAY DIVIDENDS
SO NOW THAT MNRB IS NO LONGER ABLE TO GIVE HIGH DIVIDEND ASB WILL SELL & LOOK FOR OTHER BETTER DIVIDEND SHARES
THIS WAS WHAT HAPPENED TO PM CORP LAST TIME
WHEN PM CORP GAVE NO DIVIDEND ASB STARTED SELLING. AND THEN PNB TOOK OVER ASB SHARES. LATER PNB ALSO SOLD ALL PM CORP SHARES TO MUI BHD AROUND 13 SEN to 14 SEN. THEY CUT LOSS (THEIR COST WAS ABOUT 50 SEN)
SO NOW MNRB ASK ASB TO PAY MONEY TO SUBSCRIBE RIGHTS ISSUE?
NOW WHERE TO FIND SO MUCH MONEY TO PAY FOR MNRB RI SHARES AND ALSO TAKE CARE OF AS BUMI PEOPLE?
HA!
THE SOLUTION IS THIS
ASB CAN FIRST SELL OFF MNRB SHARES FOR CASH.
THEN ONLY SUBSCRIBE?
SO HOLD YOU BULLETS.
WANT TO BUY?
BETTER NOT.
THEN GO BUY WHAT?
THESE ONES LAH
1) EKSONS (STRONG SBB) GOT 93 SEN CASH FOR SBB & ALSO DIVIDEND
2) COMPLETE LOGISTIC - THIS ONE COMPLETELY LOGICAL
@ calvintaneng calvintaneng Sifu Why you no recommend another two Gold land ---- Bjland and PSIPTEK
Bjland now only 26sen and boss bot in in high price PSIPTEK best of the best in Construction why because PSIPTEK is very cheap lol only 14.5sen PSIPTEK results ok still acceptable nta as below :
i have Bj Land shares but not psiptek. Bj Land Assets are Rock Solid. i not sure about psiptek. Psiptek into construction. With BN acc frozen i heard many contractors and construction company insolvent. Since we don't know who will kena better wait and see
I know of one Listed Company going to default on loan payment. And one contractor got his JCB repossed by bank due to bad debt
Calvin your analysis on pnb/amanah plan for mnrb is totally subpar. What makes u think that pnb will let go of its 50% controlling stake via open market, right issue at this scale is peanut to them and not to forget the bod shd be appointed by amamah/pnb which means pnb is consulted for this move
MNRB is not an insurance or takaful company, it is a "reinsurance and re-t akaful" company. People don't buy insurance or Islamic insurance from MNRB. It is insurance and takaful companies that buy insurance from MNRB. Insurance and takaful companies buy insurance from MNRB to minimise risk from going insolvent from unexpected large claims. In return of premiums received from insurance and takaful companies, MNRB bears a proportion of any claims. MNRB is the only local reinsurance and re-takaful company, its competitors are foreign reinsurance companies.
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....
soon9913
2,708 posts
Posted by soon9913 > 2018-07-20 22:40 | Report Abuse
Rm1.5 could be a fair price