Posted by Johnzhang > 2021-06-09 17:51 | Report Abuse

Privatization or sales , whichever way it go is also very good for value creation.

Posted by scenery > 2021-06-09 18:05 |

Post removed.Why?

Posted by wallstreetrookie > 2021-06-10 15:23 | Report Abuse

Go go go Affin Hwang fund manager

Posted by Johnzhang > 2021-06-10 15:58 | Report Abuse

MNRB will soon be a 'goldmine' to be discovered by the investment bankers

Posted by ipohwhitecoffee > 2021-06-10 16:01 | Report Abuse

Follow Brother Johnzhang. Ipoh mali takde sombong punya.
Buy some 1.33. Keep into locker
Made money in MPHB paper profit but no plan to sell yet.

Posted by Johnzhang > 2021-06-10 19:12 | Report Abuse

@ipohwhitecoffee,. You must do the necessary research to convince yourself this is truly a counter worth holding. That's what I do before I put money in it . I am convinced it is a good one .

Posted by Goldberg > 2021-06-10 20:11 | Report Abuse

Why MNRB?

What should be a reasonable price target?


Based on the company's past earnings:

EPS Full Year 2017: 31 cents

EPS Full Year 2018: 43 cents

EPS Full Year 2019: 24 cents

EPS Full Year 2020: 18 cents

EPS Full Year 2021: 23 cents (assuming quarter ending 31.03.21 has same EPS as previous quarter)


EPS of 20 cents x PE of 10 years = min RM2.00 should be the target price. We are not simply multiplying by any PE; in fact, this company has proven over the time that it managed to maintain such EPS.

Based on peers' valuation (relative valuation method)

CURRENT TRAILING 12M EPS

CURRENT TRAILING 12M PE

MNRB...............23 cents ..........6x
LPI....................84 cents.........16x
MANULIFE.........9 cents..........11x
TAKAFUL..........43 cents .........11x
TUNEPRO..........3 cents..........19x
MPHBCAP..........2 cents..........73x

MNRB is trading at the cheapest PE. Even at a conservative PE of 10x, the min target price is 23cents x 10 = RM2.30.


Based on the company's own earnings for the past 10 years and also based on its peers' relative valuation, the target price for MNRB Holdings Berhad should be minimum RM2.00, an upside of approximately 43% from current price.

Posted by chowwei > 2021-06-10 20:32 | Report Abuse

Share Price At 3.000 In Year 2014

Posted by bu4567 > 2021-06-10 20:47 | Report Abuse

wow very professional updates

Posted by Johnzhang > 2021-06-11 07:35 | Report Abuse

@Goldberg, Good analysis. I think PE of 10x for Mnrb is too cheap. This is because Mnrb business is still in growth stage. You should also compare the Net Asset (NA) multiple . MNRB NA is $3.27 per share . Assuming MNRB price at $3.60 (ie 15x PE) , it is only at 1.1x NA (3.60/3.27).
Whereas, most other insurance are trading at 2-3 x NA.
MPHB is selling the insurance unit to Generali at over 3x NA or book value.

Posted by Bgt 9963 > 2021-06-11 08:53 |

Post removed.Why?

Posted by Goldberg > 2021-06-11 09:24 | Report Abuse

@Johnzhang- totally agree with you MNRB is a deeply undervalued GEM as its NA is RM3.27.
In addition MNRB monopolises the reinsurance market in Malaysia.

Posted by stockraider > 2021-06-11 10:51 | Report Abuse

Strategy is just buy & hold, very safe money making strategy for MNRB loh!

Like W Buffet says they is economic moat at MNRB mah!

Posted by chowwei > 2021-06-12 01:59 | Report Abuse

Historical Highest NTA 6.000 / 5.000 / 4.000

Posted by Johnzhang > 2021-06-13 10:38 | Report Abuse

EPF is considering to buy basic life insurance policy for it's members especially the lower income group . This will bode well for MNRB?

Posted by bu4567 > 2021-06-13 12:08 | Report Abuse

Recently insurance premium had been raised by 30%, reason given was approval by BNM.

Posted by stockraider > 2021-06-13 12:20 | Report Abuse

MNRB is like equivalent GEICO & General RE of Warren Buffet, if u run well, it could be great economic moat & the share price may even at premium instead of at deep discount now mah!

The recent development is very positive for MNRB positive mah!

Posted by Goldberg > Jun 11, 2021 9:24 AM | Report Abuse

@Johnzhang- totally agree with you MNRB is a deeply undervalued GEM as its NA is RM3.27.
In addition MNRB monopolises the reinsurance market in Malaysia.

Posted by Johnzhang > Jun 13, 2021 10:38 AM | Report Abuse

EPF is considering to buy basic life insurance policy for it's members especially the lower income group . This will bode well for MNRB?

Posted by bu4567 > Jun 13, 2021 12:08 PM | Report Abuse

Recently insurance premium had been raised by 30%, reason given was approval by BNM.

Posted by Najib Zamry > 2021-06-13 22:33 | Report Abuse

Watch out for this stock something is brewing

Posted by ipohwhitecoffee > 2021-06-13 23:07 | Report Abuse

Keep calm & keep accumulating MNRB

PE of merely 5.54 backed by NTA 3.27
90% of shares held by those with more than 100k tickets.
Means bilis (below 100k shares) consists of only 10%.

I will not even hesitate to accumulate on weakness shall every opportunity arise.
I shall take profit for other speculative counters and start ploughing profits into MNRB.

Posted by ipohwhitecoffee > 2021-06-13 23:49 | Report Abuse

Top 30 Shareholders (AR 2020)

Mostly institutional funds: ASB, PNB, Dimensional (US), DBS (SG)

Notable big name:
* Tan Yu Yeh: MR DIY's Billionaire
* Abdul Wahid Omar: Non-exec Chairman of Bursa; ex-PNB & Ex-Maybank CEO

Olive Lim Swee Lian: Super-investor (LPI, Allianz, Jtiasa)
LIM PEI TIAM @ LIAM AHAT KIAT: Super-investor (Pohuat, Latitud, MPHB)
Sarah Pauline: Super-investor (STAR, MSC)
Old money: Promserve, Neoh Choo Ee Company, Johan

Posted by Johnzhang > 2021-06-14 07:13 | Report Abuse

Like I have said a few times in this forum, MNRB is Takaful Bhd in the making ! Takaful has been trading $4.50 to $5.00 per share at PE over 10 tines .

Posted by Goldberg > 2021-06-14 16:58 | Report Abuse

KUALA LUMPUR (June 14): Bursa Malaysia Bhd has announced six new additions to the constituents of the FTSE4Good Bursa Malaysia (F4GBM) Index, while four were removed from the list following the semi-annual review today.

The six additions into the F4GBM Index are DKSH Holdings (M) Bhd, Heineken Malaysia Bhd, Mah Sing Group Bhd, MNRB Holdings Bhd, Pos Malaysia Bhd and Unisem (M) Bhd.

Meanwhile, George Kent (Malaysia) Bhd, IOI Properties Group Bhd, KLCCP Stapled Group and Top Glove Corp Bhd were excluded from the list.

Following the latest index review, the total number of constituents will be 76 (+217%). All constituent changes take effect at the start of business on June 21 (Monday), said Bursa Malaysia in a statement.

The F4GBM Index measures the performance of public listed companies (PLCs) demonstrating strong environmental, social and governance (ESG) practices.

Posted by ipohwhitecoffee > 2021-06-15 14:36 | Report Abuse

Looks like we just touched 4 weeks high. Nevertheless just keep calm & stay invested.

Posted by stockraider > 2021-06-15 14:39 | Report Abuse

This MNRB is now an upcoming investor champion loh!

Why MNRB?

What should be a reasonable price target?


Based on the company's past earnings:

EPS Full Year 2017: 31 cents

EPS Full Year 2018: 43 cents

EPS Full Year 2019: 24 cents

EPS Full Year 2020: 18 cents

EPS Full Year 2021: 23 cents (assuming quarter ending 31.03.21 has same EPS as previous quarter)


EPS of 20 cents x PE of 10 years = min RM2.00 should be the target price. We are not simply multiplying by any PE; in fact, this company has proven over the time that it managed to maintain such EPS.

Based on peers' valuation (relative valuation method)

CURRENT TRAILING 12M EPS

CURRENT TRAILING 12M PE

MNRB...............23 cents ..........6x
LPI....................84 cents.........16x
MANULIFE.........9 cents..........11x
TAKAFUL..........43 cents .........11x
TUNEPRO..........3 cents..........19x
MPHBCAP..........2 cents..........73x

MNRB is trading at the cheapest PE. Even at a conservative PE of 10x, the min target price is 23cents x 10 = RM2.30.


Based on the company's own earnings for the past 10 years and also based on its peers' relative valuation, the target price for MNRB Holdings Berhad should be minimum RM2.00, an upside of approximately 43% from current price.

MNRB is like equivalent GEICO & General RE of Warren Buffet, if u run well, it could be great economic moat & the share price may even at premium instead of at deep discount now mah!

The recent development is very positive for MNRB positive mah!

Posted by Johnzhang > 2021-06-15 14:52 | Report Abuse

@ipohwhitecoffe , it has reached $1.45 now . I am glad that you discovered this gem. Hold it a bit longer to reap maximum harvest.
Remember that market goes up and down over a period. Only genuine longer term investors will ride it out and get good return in the end of the day .

Posted by Tete7893 > 2021-06-15 15:21 | Report Abuse

1.45 so big volume hard to break

Posted by Eurus1973 > 2021-06-15 16:39 | Report Abuse

Tomorrow sure will break 1.45, 1.50 next challenge

Posted by Goldberg > 2021-06-15 16:42 | Report Abuse

Value investors are just accumulating - a slow and steady rise towards Rm2.50 is very much preferred. .

Posted by param1 > 2021-06-15 17:01 | Report Abuse

im in

Posted by abang_misai > 2021-06-15 22:18 | Report Abuse

koon punya pandai

Posted by Eurus1973 > 2021-06-16 16:13 | Report Abuse

Koyak lah

Posted by Moratorium > 2021-06-16 23:10 | Report Abuse

Wait for it, whales still blocking... Just be patient and your reward will come

Posted by Johnzhang > 2021-06-17 05:16 | Report Abuse

Genuine investors believe that good fundemantal will prevail in the end of the day . If you hold this belief you should not be concern of day-to-day and week-to-week's price Volatility at all. If you wish to make handsome overnight gain , this is probably not the counter for you .

Posted by Eurus1973 > 2021-06-17 12:34 | Report Abuse

Ok, keep buying below 1.50...., check end this year “-“

Posted by param1 > 2021-06-18 11:23 | Report Abuse

collect

Posted by param1 > 2021-06-18 12:22 | Report Abuse

wait below 1.25

Posted by Derrick Gan > 2021-06-18 12:36 | Report Abuse

if below 1.25 , it had been down trend

Posted by ooihk899 > 2021-06-18 12:47 | Report Abuse

All goreng tech stock now. Drop more better ma, can collect cheap.

Posted by Mrspeaker > 2021-06-18 20:51 | Report Abuse

i think 1.30-1.35 are very good prices alrdy today i joined the army

Posted by Najib Zamry > 2021-06-18 20:53 | Report Abuse

I bought some also today

Posted by ipohwhitecoffee > 2021-06-18 21:31 | Report Abuse

Relax and cool, this is not contra game. Reload on weakness.

Posted by Petronas > 2021-06-18 21:37 | Report Abuse

Supermodel shows how to learn catwalk in 1 minute. Wow

Posted by Petronas > 2021-06-18 21:38 |

Post removed.Why?

Posted by TokioDeals > 2021-06-19 10:24 | Report Abuse

Hope market can give me more discount, want to all in.

Posted by Moratorium > 2021-06-19 12:51 | Report Abuse

TokioDeals, I think slowly averaging down may be a better idea than going all in.
Anyway, this MNRB high resistance at RM1.45 is similar to few weeks back like MMC strong resistance at RM1.20. Such high wall that we small retailers can't do anything much save for wait

& once the offer is out, Kaboom...

Posted by Johnzhang > 2021-06-22 19:07 | Report Abuse

I place high hope on this gem to be polished soon like MPHB capital.

Posted by Johnzhang > 2021-06-22 20:22 | Report Abuse

Will there be M&A exercise lead by the controlling shareholders PNB to unlock value for stakeholders? Something worth watching out for !

Posted by Bgt 9963 > 2021-06-22 20:40 |

Post removed.Why?

Posted by ctvelu > 2021-06-22 22:04 | Report Abuse

Johnzhang..iam wondering why yayasan keep on selling every other day

Posted by Johnzhang > 2021-06-23 21:04 | Report Abuse

@ctvelu, I have no definite answer to your question. I guess it is PNB's objective to provide a bit more market liquidity to this stock. As you know MNRB is 60% too tightly held by PNB and it's fund units . Hence, the stock has been trading with at low liquidity which is a situation not attractive to investors especially foreign investors.
I certainly don't smell anything fishy .