Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

Bearish block trade alert @ RM1.81 this morning

Posted by GLNT > 1 month ago | Report Abuse

Whoever wanna sell, pls sell faster. Yawn...

Posted by Fundamental Trader > 1 month ago | Report Abuse

Weak impatient holders with tiny stoploss are talking. Bullflag is intact.

"The stock market is a device for transferring money from the impatient to the patient."
https://messenger.i3investor.com/join-group.html?route=b729749f9b1144a2aec82f64cabd443a

Posted by Jack888 > 3 weeks ago | Report Abuse

MNRB is going to move uptrend soon..

Posted by pang72 > 3 weeks ago | Report Abuse

Your last day to get in to the insure and insure company.
Consolidation shld finish.

Posted by Jack888 > 3 weeks ago | Report Abuse

Hope can touch 2.00 before end of this month.

Posted by troy88 > 3 weeks ago | Report Abuse

This one should slowly catch up. My other insurance king Allianz already soaring..

Posted by pang72 > 3 weeks ago | Report Abuse

... Good...
Hopefully you all get the green packet...
... $2 mari

Posted by Jonathan39199 > 2 weeks ago | Report Abuse

Those who missed this counter, go for another dirt-cheap alternative MANULIFE!
Volume started rising, shooting up soon!

Posted by stockraider > 2 weeks ago | Report Abuse

At Rm 1.81 it is still very cheap mah!

Posted by Moratorium > 1 week ago | Report Abuse

RM1.60 is even cheaper, thank you to the thrower...

Posted by wallstreetrookieNEW > 1 week ago | Report Abuse

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]

Posted by wallstreetrookieNEW > 1 week ago | Report Abuse

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)

Posted by wallstreetrookieNEW > 1 week ago | Report Abuse

RM1.65 is a good entry point if the Maybank IVT trader throws his shares at bid this Monday.

Posted by wallstreetrookieNEW > 3 days ago | Report Abuse

All eyes on MNRB's Reinsurance/Retakaful revenue
Key ST tailwinds:
(i) Investment Return for Reinsurance & Retakaful - FYE 2023: RM74.3M | FYE 2024: RM168.9M (+127.5%) as a result of the shift towards Managing General Agents MGA model for claims
Q2 2024 estimate for re-insurance returns is approx RM65 million (base case) and RM87 million (best/bull case)
(ii) Signed MoU with CPPIC to offer oncology services
(iii) Two-fold increase (>150%) in Takaful Ikhlas business on the back of outstanding growth in the Corporate Solutions & Bancassurance segments
(iv) Gross written premium for overall Group at a steady growth rate of 14.2 CAGR as of 05 March 2024
(v) Minimal impact from Malaysian Re (Dubai) unit since according to AM Best, the low peneration and extensive reinsurance as well as hedging by insurance companies suggests that the recent flooding would be manageable for insurers

Posted by wallstreetrookieNEW > 3 days ago | Report Abuse

[[The motor segment is most vulnerable to natural catastrophe events for the UAE’s primary insurers as these risks are largely retained by the market. AM Best notes this catastrophe is likely to cause a significant deterioration in the performance of motor portfolios due to flooded roads and car parks can quickly result in a large number of losses. Although it is predicted that these risks will be largely retained by the market.

However, the motor policy standard imposed by the UAE’s Ministry of Economy does not cover natural disasters, leaving insurers the choice of whether to offer this coverage. Typically it includes flood cover; however, these represent a minority of premiums with most customers opting for cheaper third-party liability policies.

The changing weather trends have already influenced the behaviour of insurers across the wider Gulf Co-operation Council (GCC) region, notes AM Best. In 2023 and early 2024, the market observed an increase in hailstorms and heavy rainfalls that notably caused flash floods with some insurers starting to take action to reduce potential losses through loss mitigation tactics.]]