Posted by (S = Qr) Philip > 2019-03-01 11:54 | Report Abuse

So much for CharlesT bak kut teh and spa session...

Posted by TheContrarian > 2019-03-01 12:30 | Report Abuse

After having sold on Monday at 1.27, managed to buy back today at 1.05.

Posted by Marcus Chang > 2019-03-01 14:04 | Report Abuse

wah, you earn 20 cents.....

Posted by vespa > 2019-03-01 15:19 | Report Abuse

just note guys this is akin to a utility counter for dividends and not a growth stock. P/B lowest about 0.5 and and PE generally 7 and shares outstanding 767 million..wish you guys all the best. I might revisit lower, prices god forbid

Posted by vespa > 2019-03-01 15:27 | Report Abuse

weak management

Posted by TheContrarian > 2019-03-01 15:42 | Report Abuse

Marcus, i earn more with MAA.

Posted by sostupid > 2019-03-01 16:46 | Report Abuse

booto

Posted by nckcm > 2019-03-01 18:05 | Report Abuse

Kena suspend.. zeti to the rescue ah? Temporary stop bleeding

Posted by Icon8888 > 2019-03-01 18:06 | Report Abuse

67 stock

Posted by ramada > 2019-03-01 18:08 | Report Abuse

Oh my god, a loss-making quarterly result, dropped 20% instantly.

Posted by besos > 2019-03-02 03:40 | Report Abuse

-12.5 million loss why abv RM 1?

Posted by besos > 2019-03-02 03:40 | Report Abuse

Should be 67 sen?

Icon8888 67 stock
01/03/2019 18:06

Posted by AlfI3 > 2019-03-02 06:54 | Report Abuse

Tat's y besos; I felt it is funny & doubtful too how d mkt cud react dis way. Hence, got to b really kful abt all these sendiwara show

Posted by nckcm > 2019-03-02 19:57 | Report Abuse

Suspend idss but still fall.. how ah

Posted by pang72 > 2019-03-02 20:50 | Report Abuse

80cents..coming...

Posted by pang72 > 2019-03-02 20:51 | Report Abuse

Loss again ...40cents

Posted by donald770 > 2019-03-03 12:41 | Report Abuse

Technically it is weak n it certainly hasn't found its bottom. This co used to be profitable n now it incur loss. Previously I intend to hold long term but now I have lost faith. Sad. It is in recession free industry n with huge pile of cash n it still cannot make money. Another factor is someone knows its qr is no good and it play up its price to sell at the expense of small shareholders. Cunning n malicious.

Posted by TheContrarian > 2019-03-03 13:21 | Report Abuse

I already gave warning of poor QR on 23/2. MNRB has risen from below 90 sen to as high as RM1.29 in about 2 months, that's roughly 40% gain. My second best gain this year after MAA.

Posted by nckcm > 2019-03-03 13:23 | Report Abuse

Contra when to enter again ? Will we revisit 0.85 level ?

Posted by TheContrarian > 2019-03-03 13:26 | Report Abuse

I bought back a bit on Friday at 1.05. Tomorrow will try to buy again.

Posted by TheContrarian > 2019-03-03 13:27 | Report Abuse

Did price reach 0.85? About two months ago I bought at 0.875.

Posted by nckcm > 2019-03-03 23:42 | Report Abuse

If im not mistaken the lowest was 0.845 . 1.05 resistance broke, i suggest u collect around 0.90 again . Unless PNB wants to stop the bleeding

Posted by Choivo Capital > 2019-03-04 01:08 | Report Abuse

I don't think most people here have any business buying insurance companies.

Posted by Ron90 > 2019-03-04 01:28 | Report Abuse

there is something wrong with the way this company managing their cash...after RI 400 mil....price drop like hell..

say up 40% ??..this guy sure donno that MNRB just break even pre-RI cost.. no untung pun..than again producing bad QR .lousy company

Posted by vespa > 2019-03-04 09:50 | Report Abuse

to hell in a hand basket with MNRB ..

Posted by vespa > 2019-03-04 09:51 | Report Abuse

PNB is just taxpayers money ..what would it care

Posted by TheContrarian > 2019-03-04 13:03 | Report Abuse

If you bought at 0.875 and sold at 1.27 that's 45% gain.

Posted by TheContrarian > 2019-03-04 13:03 | Report Abuse

Today placed buy order at 1.00, still not done.

Posted by nckcm > 2019-03-04 13:04 | Report Abuse

My friend sold off at 1.00, heard the fraud is coming

Posted by hng33 > 2019-03-04 15:33 | Report Abuse

bought back MNRB at 1.00

Posted by 129055444514385 > 2019-03-04 16:16 | Report Abuse

it will rebound stronger soon :)

Recent Prices
Date Open Range Close Change Volume
01/03/2019 1.07 1.03 - 1.13 1.04 -0.20 (16.13%) 4,308,200
28/02/2019 1.27 1.21 - 1.27 1.24 -0.02 (1.59%) 835,200
27/02/2019 1.21 1.20 - 1.27 1.26 +0.04 (3.28%) 1,423,000
26/02/2019 1.27 1.20 - 1.27 1.22 -0.05 (3.94%) 782,500
25/02/2019 1.24 1.21 - 1.29 1.27 +0.04 (3.25%) 1,987,500
22/02/2019 1.21 1.19 - 1.26 1.23 +0.02 (1.65%) 2,053,300
21/02/2019 1.18 1.14 - 1.22 1.21 +0.03 (2.54%) 1,955,700
20/02/2019 1.13 1.13 - 1.18 1.18 +0.05 (4.42%) 2,036,600
19/02/2019 1.11 1.10 - 1.13 1.13 +0.03 (2.73%) 665,400
18/02/2019 1.09 1.08 - 1.11 1.10 +0.01 (0.92%) 537,000
15/02/2019 1.09 1.08 - 1.09 1.09 0.00 (0.00%) 388,300
14/02/2019 1.11 1.08 - 1.11 1.09 -0.02 (1.80%) 419,400
13/02/2019 1.10 1.09 - 1.11 1.11 +0.01 (0.91%) 414,400
12/02/2019 1.08 1.07 - 1.10 1.10 +0.02 (1.85%) 628,400
11/02/2019 1.12 1.06 - 1.14 1.08 -0.04 (3.57%) 2,163,200
08/02/2019 1.14 1.11 - 1.14 1.12 -0.02 (1.75%) 790,600
07/02/2019 1.14 1.12 - 1.14 1.14 0.00 (0.00%) 368,300
04/02/2019 1.14 1.12 - 1.15 1.14 -0.01 (0.87%) 220,400

Posted by 129055444514385 > 2019-03-04 16:23 | Report Abuse

just declare a bit dividend, share price will fly

MNRB Financial Information
Market Capital (RM)
: 767.05m
Number of Share
: 767.05m
EPS (cent)
: 8.46 *
P/E Ratio
: 11.82
ROE (%)
: 3.01
Dividend (cent)
: 0.000
Dividend Yield (%)
: 0.00
Dividend Policy (%)
: 40 Details
NTA (RM)
: 2.810
Par Value (RM)
: 1.000

Posted by 129055444514385 > 2019-03-04 16:24 | Report Abuse

very cheap.... NTA per share RM2.81.... share price around rm1

Posted by 129055444514385 > 2019-03-04 16:28 | Report Abuse

the sudden fall was due to short selling, extreme speculation recently... overall, Q1 to Q3, still making net profit exceeding RM35mil + during this challenging period.... recent extreme fall was due to extreme short selling :)

KUALA LUMPUR (March 1): Bursa Malaysia today suspended the proprietary day trading (PDT) and intraday short selling (IDSS) of MNRB Holdings Bhd's shares, as the counter breached its price limit after dropping as much as 21 sen or 16.9% to touch an intraday-low of RM1.03.

In a filing, Bursa Malaysia said the PDT and IDSS activities for the general reinsurer has been suspended for the rest of the day as the counter has dropped more than 15 sen or 15% from its reference price.

"The PDT and IDSS activities will only be enabled the following trading day, Monday, March 4, 2019 at 8.30am," it said.

Yesterday, MNRB announced that it had incurred a net loss of RM12.5 million in its third quarter ended Dec 31, 2018, compared to net profit of RM36.22 million a year earlier, while revenue retreated 2.6% to RM565.85 million from RM581.41 million.

For the first nine months of its financial year, net profit declined 67% to RM35.47 million from RM107.38 million, while revenue fell 9.3% to RM1.67 billion from RM1.84 billion due to lower gross premiums and contributions from both its reinsurance and takaful subsidiaries.

Posted by 129055444514385 > 2019-03-04 16:32 | Report Abuse

also, recently, takda disposal of shares by shareholders


AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA 31-Oct-2018 Acquired 198,715,100
PERMODALAN NASIONAL BERHAD 31-Oct-2018 Acquired 59,824,700
YAYASAN PELABURAN BUMIPUTRA 31-Oct-2018 Acquired 59,824,700

Posted by 129055444514385 > 2019-03-04 16:35 | Report Abuse

like astro, fell to around rm1 then rebounded to rm1.6+ fast.... see mnrb recovers quickly also, fingers crossed.... short sellers got burned :)

Posted by TheContrarian > 2019-03-04 16:42 | Report Abuse

My 1.00 buy order all done.

Posted by Good123 > 2019-03-04 16:48 | Report Abuse

many people don't have insurance policies in Malaysia... insurance is a growth sector. be patient

LIAM president Anusha Thavarajah said the outlook and prospects of the life insurance industry remain positive as the percentage of population with life insurance or takaful plans is still low at 54%.

Posted by michaelwong > 2019-03-04 16:53 | Report Abuse

Buy red is more safety to buy green with minimal downside risks. Can buy some with excess funds

Posted by 129055444514385 > 2019-03-04 16:56 | Report Abuse

Q1 to Q3, still making rm 35mil+, hopefully, declare a bit dividend, :)

Posted by 129055444514385 > 2019-03-04 16:57 | Report Abuse

Major shareholders takda jual, takut apa bossku :)

Posted by TheContrarian > 2019-03-04 20:13 | Report Abuse

Under Bursa short selling rules, a short seller who borrows shares to short has up to T+6 to buy back.

Posted by beso > 2019-03-04 20:33 | Report Abuse

it will get worse before getting better， market will reflect its fair value，price will go much lower

Posted by TheContrarian > 2019-03-04 20:39 | Report Abuse

If it goes down further it's a buying opportunity for me.

Posted by Good123 > 2019-03-05 09:21 | Report Abuse

if the institutional funds buy a bit more, fly higher quickly

Posted by Good123 > 2019-03-05 09:22 | Report Abuse

national reinsurance co at fire sale price

Posted by Nicholasming91 > 2019-03-05 10:07 | Report Abuse

Hmmm

Posted by firehawk > 2019-03-05 10:12 | Report Abuse

keep on selling .....

Posted by value_invest > 2019-03-05 10:26 | Report Abuse

MNRB is deeply undervalued at thie level. Will be happy to see the this stock selling cheap because of RM12mil loses. I can see smart investors have been accumulating...

Posted by firehawk > 2019-03-05 10:32 | Report Abuse

is good to go down to 0.85 again ... give more chance to accumulate!