Posted by bhullar_1972 > 2021-02-05 16:18 | Report Abuse

Sooner or later will fly.....glad to have new mgmt now...hopefully can unlock the value.

Posted by Johnzhang > 2021-02-06 06:32 | Report Abuse

Price will improve if they decide to pay another 3 sen interim dividend accompanying the 4q results announcement.

Posted by Johnzhang > 2021-02-06 06:47 | Report Abuse

They already paid 3 sen interim in Oct 2020 (ie middle of financial year) for FY ending 31/3/2021.

Posted by bhullar_1972 > 2021-02-10 15:24 | Report Abuse

https://www.theedgemarkets.com/article/ram-reaffirms-ratings-mnrb-and-malaysian-re

Posted by TheContrarian > 2021-02-17 10:46 | Report Abuse

Satu ringgit coming.

Posted by Moratorium > 2021-02-17 12:21 | Report Abuse

Definitely worth more than satu ringgit. Pray for good results and good div announcement by end of this month

Posted by Johnzhang > 2021-02-17 12:50 | Report Abuse

The Contrarian, don’t sell too fast even it reaches $1. I am still collecting today .
Happy new year and happy investing.

Posted by Johnzhang > 2021-02-17 12:51 | Report Abuse

If there is dividend accompanying the final qtr result this counter will attract a lot more attention.

Posted by TheContrarian > 2021-02-17 13:01 | Report Abuse

I am not in a hurry to sell. Hoping for a good set of results with good dividend. Happy Chinese New Year to you too.

Posted by Hoo SH > 2021-02-17 22:36 | Report Abuse

the chart is looking good...hopefully get impressive result

Posted by Johnzhang > 2021-02-18 13:15 | Report Abuse

Added some when it takes a breather today . It can potentially be like takaful bhd.

Posted by TheContrarian > 2021-02-18 15:30 | Report Abuse

Many people many times have said it could potentially be a Takaful Bhd. but alas it failed to deliver good dividends.

Posted by limyuwei > 2021-02-20 14:16 | Report Abuse

Half of the profit of MNRB coming from its takaful business anyways.

However, currently the takaful business can post high day 1 gain for its long term business. It can no longer do that after IFRS17 in 2023.

Posted by TheContrarian > 2021-02-25 19:23 | Report Abuse

Another disappointment from MNRB : No dividend declared.

Posted by Moratorium > 2021-02-25 20:49 | Report Abuse

Nvm TheContrarian, don't lose hope. It will wake up, someday...

Posted by TheContrarian > 2021-02-25 22:20 | Report Abuse

Let's hope for privatisation from PNB.

Posted by willc48 > 2021-02-25 22:36 | Report Abuse

mnrb suffered due to taking too much risk on covid, US flood, fire, marine risks...

Posted by TheContrarian > 2021-02-26 00:08 | Report Abuse

MNRB profit up lah.

Posted by Johnzhang > 2021-02-26 06:58 | Report Abuse

This is only 9 months results. There is still hope for final dividend.

Posted by Johnzhang > 2021-02-26 07:01 | Report Abuse

MNRB ‘s prospective PE of 5x only is unbelievable even if dividend yield is low relative to profit level.

Posted by TheContrarian > 2021-02-26 09:32 | Report Abuse

A regular dividend payout will attract institutional funds and price will move higher. Yes, there will be a final dividend but need to wait another few months.

Posted by TheContrarian > 2021-02-26 09:33 | Report Abuse

@Johnzhang, KPS also delivered a good set of results.

Posted by Johnzhang > 2021-02-26 19:27 | Report Abuse

TheContrarian, Yes, earn 5 sen per qtr is something. It annulused to 20 sen per financial year. Present price level is very undemanding. Thanks for the guidance . Enjoying Some successes in KPS and MNRB which are truly undervalued.

Posted by Johnzhang > 2021-02-26 19:29 | Report Abuse

TheContrarian, which other undervalued gem you have spotted ? Hope you don’t mind to share.

Posted by TheContrarian > 2021-02-27 00:13 | Report Abuse

Johnzhang, undervalued counters are plentiful. What I try to do is buy them cheaply at the bottom of their downtrend. When their prices fall it's a buying opportunity for me. What I do is I wait for price to fall first.

Posted by ooihk899 > 2021-02-27 10:33 | Report Abuse

TheContrarian, are you sure there will be a final divedend, may I know where did you get the info?

Posted by TheContrarian > Feb 26, 2021 9:32 AM | Report Abuse

A regular dividend payout will attract institutional funds and price will move higher. Yes, there will be a final dividend but need to wait another few months.

Posted by TheContrarian > 2021-02-27 15:00 | Report Abuse

MNRB dividend payout policy is 50 to 60% of earnings, 9 months EPS already 19 sen, interim dividend so far only 3 sen.

Posted by TheContrarian > 2021-02-27 15:05 | Report Abuse

The interim dividend was declared about three weeks after release of first quarter results. So, it's possible that a second interim dividend might be declared in a few weeks time.

Posted by ooihk899 > 2021-02-27 15:40 | Report Abuse

They did not follow the 50%-60% dividend policy since 2015. You can check their dividend record. I believe their dividend is also subject to Bank Negara's approval. I also hope they will give final dividend.

Posted by ooihk899 > 2021-02-27 15:46 | Report Abuse

FY2021 Div 3sen so far.
FY2020 eps 17 sen but dividend only 2.5 sen.
FY2015 none FY 2019 none.

Posted by ooihk899 > 2021-02-27 16:02 | Report Abuse

Sorry typo, FY2015 to FY 2019 dividend none.
If I'm not wrong, many moons ago, half of RE insurance business have to go to them. But the government have open up this sector few years ago.
Since then, they have not been doing well. I believe after PH take over the government, MNRB have also clean up their act. They become wiser not to underwrite those high risk re-i policy. That's why It has slowly recover from the slump.

Posted by TheContrarian > 2021-02-27 16:05 | Report Abuse

Dividend payout policy of 50-60% earnings just implemented last AGM.

Posted by TheContrarian > 2021-02-27 16:12 | Report Abuse

My average cost is around 90 sen. I need to park my money here for awhile. Yesterday went to bank to place some money in one month FD and the interest rate was only 1.5% p.a.

Posted by ooihk899 > 2021-02-27 16:16 | Report Abuse

Is it in the AGM minute?

Posted by ooihk899 > 2021-02-27 16:25 | Report Abuse

Below are one of the item ask during AGM, You can get it from MNRB's website.

34)What is the dividend policy going forward for the
payout ratio?

Answer:
Financial Providing shareholders’ returns will continue to be the
Board’s priority.
However, the Board also needs to consider the capital
requirements of the subsidiaries as well as the building
up of MNRB’s sinking fund for debt repayment.

Posted by ooihk899 > 2021-02-27 16:27 | Report Abuse

I do attend the AGM, I don't remember they mention about the 50-60% payout ratio.

Posted by TheContrarian > 2021-02-27 18:40 | Report Abuse

MNRB does not have a formal dividend policy? Damn, better sell then.

Posted by willc48 > 2021-02-27 19:37 | Report Abuse

mnrb suffered big losses last year from covid, us flood, earthquake and marine

Posted by ooihk899 > 2021-02-27 20:08 | Report Abuse

Bro n sis, I just provide whatever info that is available, everyone has to do your own research before decide to buy or sell.


Posted by TheContrarian > Feb 27, 2021 6:40 PM | Report Abuse

MNRB does not have a formal dividend policy? Damn, better sell then.

Posted by Johnzhang > 2021-02-28 15:12 | Report Abuse

TheContrarian and ooihk899, the hope for a final dividend ( possibly a handsome one) is not dashed. Just be patient to wait until the next AGM.

Posted by Johnzhang > 2021-02-28 15:20 | Report Abuse

There is a dividend policy adopted by the board since 2008 to pay 40 to 75% of the group net profit as gross dividend. There is however a proviso in it that the dividend amount subject to availability of cash, gearing position, future capital requirements for growth etc... This policy has NOT been revoked .
In EGM 2019 to approve the dividend reinvestment plan, it was further reiterated that there is no change to the dividend policy mentioned above .

Posted by Johnzhang > 2021-02-28 15:32 | Report Abuse

In AGM 2020, when the question on dividend was raised , the response from the company is roughly as below:
Due to regulatory process, the company was not able to obtain the approval in time to declare a final dividend for FY2020 ending 31/3/2020 prior to AGM2020 held on 24th Sep 2020. Pls note final dividend require shareholders approval in AGM. Consequently, the company instead declared 3 send interim for FY 2021 ending 31/3/2021 on 17th Sept ie one week . This means the 3 sen paid in October was supposed to be the final dividend for last FY. Interim dividend does not require shareholders approval.

Posted by Johnzhang > 2021-02-28 15:35 | Report Abuse

You can Google for summary of the key matters MNRB AGM (and also EGM ) to see the above published information.

Posted by Bgt 9963 > 2021-02-28 15:35 | Report Abuse

Just wait for the AGM...

Posted by Johnzhang > 2021-02-28 15:42 | Report Abuse

Incomplete sentence:........ ie one week BEFORE AGM 2020.

Posted by ooihk899 > 2021-02-28 18:36 | Report Abuse

Johnzhang, the reason I invested in this counter is not only because of the dividend alone. It is way too under value currently. The NTA is more than RM3. If the company is able to grow its revenue and profit consistantly, I think you will gain many times more than whatever divided policy set by the management.

Posted by Johnzhang > 2021-03-01 13:00 | Report Abuse

Ooihk899, after spending time studying this counter not too long ago , I concur with you that it is truly an undervalued gem. I hold the view that the poor valuation is due to inconsistent and low dividend in recent years . I find that things is changing fast after the company meeting the capital adequacy requirement imposed by BNM thru’ RI 2 years ago. I think the recent years poor dividend has got to do with capital preservation to expand the Takaful business. Takaful insurance is growing and very profitable.
It is also recession proof. Just my view.

Posted by ooihk899 > 2021-03-01 20:52 | Report Abuse

JohnZhang, below are the reasons why they have not been performing very well for the past few years. Hence, low or no dividend. Base on the below AGM's meeting minutes, we can see that their strategy works, the profit has increased gradually.



Our subsidiary, Malaysian Re, had been impacted by
the catastrophic losses in the past few years. We had
balanced out and diversified the portfolio in order to
reduce the impact.
Although the impact of this strategy was not immediate,
however, we could see that the combined ratio had
reduced and we are expecting this to continuously
improve over time.

Posted by ooihk899 > 2021-03-01 20:57 | Report Abuse

Not to worry about the price. If the company's result improve yearly, the price will go up sooner or later.

Posted by TheContrarian > 2021-03-02 19:04 | Report Abuse

Without dividend price will drift lower and lower.