Posted by limpek4896 > 2012-08-30 12:22 | Report Abuse

change target datuk,hehehehe,hopefully my dream come true,mnrb have to fly, or not i have go jump longkang.heheheheh

Posted by datuk > 2012-08-30 12:26 | Report Abuse

Unlike you....i dun jump longkang but i loves to crawl allong the valley especially when i was in china and russia...kikikiki

Posted by datuk > 2012-08-30 12:27 | Report Abuse

Limpek....pu yau par !!! MNRB sure come!!!

Posted by mcd123 > 2012-08-30 12:32 | Report Abuse

Limpek... you jump, I jump. Dah lama hold this stock.Don't know when it will fly....(sweating)

Posted by mcd123 > 2012-08-30 12:37 | Report Abuse

Thinking of switching MNRB to other stocks..Been holding for too long..Q1 result also not out yet.By the look at the price,maybe the Q1 result not so good...(Maybe want to switch to AYS Ventures)

Posted by datuk > 2012-08-30 12:39 | Report Abuse

although MNRB is in reinsurance business but they dun cover the risk when comes to the suicidal business like "you jump i jump'.....kikikiki

Posted by datuk > 2012-08-30 12:41 | Report Abuse

Mrs limpek...chia lat.....limpek ada kawan at the level of "u jump i jump" and worst still.....sweating....wakaka, wakaka

Posted by limpek4896 > 2012-08-30 16:25 | Report Abuse

hahaha.mcd ,iis u buy s u buy mnrb,we no need to jump,but is u buy pasukhas,itu lain cerita,hahahahahahah

Posted by limpek4896 > 2012-08-30 16:26 | Report Abuse

now we just sit here sai pak pak and wait for report,hehehehehehe

Posted by andyteng > 2012-08-30 16:32 | Report Abuse

limpek, even Favco and AA, LBS good profit earning, but no share price up. then u think MNRB will up with the good profit earn?

Posted by SJSOON > 2012-08-30 17:25 | Report Abuse

mcd123: Haha, I am confident on this stock though I have been holding it for nearly a month. Why should I doubt the potentiality of stock that I bought? Come on, let's earn big bucks....

Posted by limpek4896 > 2012-08-30 17:38 | Report Abuse

report is out
CURRENT YEAR QUARTER PRECEDING YEAR
CORRESPONDING
QUARTER CURRENT YEAR TO DATE PRECEDING YEAR
CORRESPONDING
PERIOD
30/06/2012 30/06/2011 30/06/2012 30/06/2011

$$'000 $$'000 $$'000 $$'000
1 Revenue 404,382
2 Profit/(loss) before tax 63,889
3 Profit/(loss) for the period 50,444
4 Profit/(loss) attributable to ordinary equity holders of the parent 50,444
5 Basic earnings/(loss) per share (Subunit) 23.70
6 Proposed/Declared dividend per share (Subunit) 0.00

Posted by limpek4896 > 2012-08-30 17:39 | Report Abuse

boleh tahan,hehehehe,hopefully monday

Posted by KC Loh > 2012-08-30 17:39 | Report Abuse

wah Haji Limpek need to replace gunny sacks with lorry now! hahahaha

Posted by limpek4896 > 2012-08-30 17:48 | Report Abuse

hahahahahahahaha,good idea

Posted by KC Loh > 2012-08-30 17:49 | Report Abuse

dont buy TATA! go straight Hino brand! LOL

Posted by limpek4896 > 2012-08-30 17:49 | Report Abuse

is this counter monday not fly,i will stop buying shares forever,hehehehehehhe

Posted by KC Loh > 2012-08-30 17:50 | Report Abuse

really ar? you signed statutory declaration already or not before the court clerk?

Posted by limpek4896 > 2012-08-30 17:51 | Report Abuse

haha.then i buy gw(china brand)ok

Posted by KC Loh > 2012-08-30 17:52 | Report Abuse

honestly, you got keep chinese mistresses like the heroes in setiawan or not?

Posted by andyteng > 2012-08-30 17:54 | Report Abuse

17% dividen how much per share? rm170?

Posted by EmoTrader > 2012-08-30 17:54 | Report Abuse

6459 MNRB MNRB HOLDINGS BHD
First & Final Dividend 17%

Entitlement Details:
First and Final Dividend of 17% less 25% income tax for the financial year
ended 31 March 2012.


Entitlement Type: First & Final Dividend
Entitlement Date and Time: 04/10/2012 04:00 PM
Year Ending/Period Ending/Ended Date: 31/03/2012
EX Date: 02/10/2012
To SCANS Date:
Payment Date: 26/10/2012
Interest Payment Period:
Rights Issue Price: 0.000
Trading of Rights Start On:
Trading of Rights End On:
Stock Par Value:

Share transfer book & register of members will be closed from to (both dates inclusive) for the purpose of determining the entitlements

A Depositor shall qualify for the entitlement in respect of:
- Securities transferred into the Depositor's Securities Account before 04/10/2012 04:00 PM in respect of ordinary transfers.
- Securities transferred into the Depositor's Securities Account before in respect of express transfers.
- Securities deposited into the Depositor's Securities Account before in respect of securities exempted from mandatory deposit.
- Securities not withdrawn from the Depositor's Securities Account as at .
- Securities bought on KLSE on a cum entitlement basis according to the Rules of the KLSE.

Registrar's Name and Contact:
Symphony Share Registrars Sdn Bhd (378993-D)
Level 6, Symphony House
Block D13, Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya
Selangor Darul Ehsan
Telephone no : 03-78418000
Facsimile no : 03-78418008

Posted by limpek4896 > 2012-08-30 18:29 | Report Abuse

all money back me home

Posted by andyteng > 2012-08-30 18:36 | Report Abuse

17% how much?

Posted by limpek4896 > 2012-08-30 18:40 | Report Abuse

after less 25% tax =rm127.50

Posted by Vel . > 2012-08-30 20:54 | Report Abuse

Sadly, AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM MALAYSIA, has been disposing this counter consistently and substantially in Aug. Hope your Akong and Amah dont lose out from it too. :)

Posted by andyteng > 2012-08-31 09:39 | Report Abuse

will up on next monday? sell it on market better waiting dividen?

Posted by limpek4896 > 2012-08-31 11:03 | Report Abuse

my target price.rm 4.00

Posted by transformer123 > 2012-08-31 11:24 | Report Abuse

Limpek, can it touch RM4 by year end?

Posted by limpek4896 > 2012-08-31 11:31 | Report Abuse

maybe few day later amanah will buy back 。just see this coming weeks until end sept. dividen ex at 2/10

Posted by limpek4896 > 2012-08-31 11:33 | Report Abuse

my target is 4,but hope can more then that.this is second takaful mah

Posted by gark > 2012-08-31 11:40 | Report Abuse

Target RM4 not too low meh? :P Full year EPS about 70-80 cents, can warrant RM 5-6 mah? Cash on hand itself already RM 3. Too bad almost no broker coverage in this stock. :P

Posted by limpek4896 > 2012-08-31 12:08 | Report Abuse

yes.cash in hand rm3++.pe low,tak mukin at this price

Posted by KC Loh > 2012-08-31 12:12 | Report Abuse

Haji, honestly, you got pay back that tajimasunrise twit or not? he said you make him lose money in MRNB? LOL

Posted by tajimasunrise > Jul 19, 2012 03:52 PM

limpek4896, can you compensate back my money loss just now when you sell at later stage?

Posted by limpek4896 > 2012-08-31 12:16 | Report Abuse

hahahahahahahahahahahahahahahah

Posted by KC Loh > 2012-08-31 12:38 | Report Abuse

better pay back la. He lose brokerage fees only mar. that's why he send his friends acting as KC Loh. no shame nowadays the young people. Can change family surname because of ego! LOL

Posted by limpek4896 > 2012-08-31 12:41 | Report Abuse

kcloh,maybe u make some mistake,i guess tajimasunrise not that fake kcloh,taji is malay,he duno chinese

Posted by limpek4896 > 2012-08-31 12:42 | Report Abuse

Posted by tajimasunrise > Jul 19, 2012 02:22 PM

what is siau liow? which stock are you referring to?


limpek4896
430 posts Posted by limpek4896 > Jul 19, 2012 02:25 PM X
mnrb. siao liow mean crazy


tajimasunrise
113 posts Posted by tajimasunrise > Jul 19, 2012 02:29 PM

oh ! i see. No wonder i can't get the stock name via the newspaper column. I almost get siao liow!

Posted by KC Loh > 2012-08-31 12:52 | Report Abuse

taji said his father japanese, mother chinese. read in Alam thread. That's why datuk there, he think got japanese girls to chase! LOL

Posted by limpek4896 > 2012-08-31 12:56 | Report Abuse

oic.lucky he didnt borrow samurai from his father.hehehehehehehe

Posted by KC Loh > 2012-08-31 13:04 | Report Abuse

he is too short for the great samurai sword, very much like raymond chan

Posted by Voon Soon Yoong > 2012-08-31 13:37 | Report Abuse

net profit, eps, net assets per share, p/e ratio.. all these figures for a price of 2.94.. looks too good to be true, almost seem impossble.. any opinion why it's so cheap?.. wan to buy but almost looks like a trap.. pls enlighten me, sifu sifu sekalian..

Posted by KC Loh > 2012-08-31 13:46 | Report Abuse

if you study reinsurance business, you understand why it is lower than insurance business! its two totally different animals!

i didnt finish my actuary science studies, so cannot comment further! :)

Posted by gark > 2012-08-31 16:09 | Report Abuse

The reinsurance business in Malaysia is more or less saturated and growth is limited. However MNRB has an advantage that 20% of all re-insurance deals MUST be ceded to them, so the growth in business is assured.

What KC says is right, re-insurance is not like other insurance, they primary make their money from investments and not through net premiums. The investment is considered mostly interest free money. Most re-insurance (two of which is owned by BRK) make loss or break even on premiums.However MNRB do earn some fair premium due to the above 20% monopoly, albeit at low margins.

On the investment side MNRB has a total of RM1 billion investment, however almost 97% is in MGS, which yields a paltry 3-3.5% interest. Most of the BRK re-insurance money is managed well in higher yielding and higher risk instruments by you know who.

However MNRB has a very fast growing and profitable Family Takaful business which is earning very well, but MNRB CHOOSE not to put these profits in to the book as precaution against future claims and to bolster their financial strength.

Value will unlock for MNRB only if :-
1. They give higher dividends once thier investment portfolio is sufficient.
2. Venture out from their ultra-conservative investment into higher yielding instrument (like LPI)
3. Once the balance sheet of Takaful is sufficient and MNRB write those profits into the book.

When will any of the above happen, might be next year, might be 10 years? No one knows, but in the meantime everyone is treating it as a FD.. ie not interesting. :)

Posted by Voon Soon Yoong > 2012-08-31 18:57 | Report Abuse

Cash and bank balances 9,483,000
Total liabilities 3,263,255,000
from 2011 annual report..
seems they have a lot of illiquid assets?

Posted by gark > 2012-08-31 19:18 | Report Abuse

Learn to read the financial report better... :P These investment are quote and not illiquid. Cash is typically low, as all $$$ went into investment. From 1Q report...

Held to Maturity Investment = 334,330,000
Available for Sale Investment = 918,527,000
Cash = 32,646,000
Total Asset = 5,416,507,000 (in which only 135,000,000 is fixed asset)
Total liabilities = 4,017,557,000

Net Asset = 1,139,236,000 or RM 5.35/share.

The held to maturity and available for sale investment are mostly Malaysian Government Security and Commercial bonds, which are quoted and have ready buyer if they want to liquidize.

Posted by gark > 2012-08-31 19:20 | Report Abuse

Also in the total liabilities, only 270,000,000 is loans. The rest are 'estimated' future payment for insurance liabilities, which depend on actual insurance claims in the future. :P

That is why re-insurance companies are very hard to value...

Posted by KC Loh > 2012-08-31 19:38 | Report Abuse

Who said hard to value. Just u r not skilful and professional enough.

Posted by leslieyong77 > 2012-08-31 20:14 | Report Abuse

Yes agree. Both insur and reinsur is hard to value. Bc it is a long-tail liabilities. Simply write down and pay huge div may destroy the company in the future.

Posted by leslieyong77 > 2012-08-31 20:18 | Report Abuse

That why only those insuran company with long period of prudent mngment can be invested, thus i hold lpi for more than 8 yrs.