MNRB HOLDINGS BHD
KLSE (MYR): MNRB (6459)
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Last Price
1.73
Today's Change
+0.02 (1.17%)
Day's Change
1.70 - 1.73
Trading Volume
382,300
Prices
Discussions
8 people like this. Showing 50 of 3,716 comments
Now they are concentrating into Syariah compaliance products hence the re-rating
2 months ago
Don’t rule out PNB/ASB is selling a portion of their holdings to third party and the deal shall be priced not lower than book value.
2 months ago
not reinsurance but takaful bz. MNRB name only reinsurance but their takaful bz is what is growing leaps and bounds
2 months ago
Share price holding well after 21sen jump yesterday. Looking good for some corporate activity to happen. I guests it is ripe for PNB to bring out MNRB’s real worth .
2 months ago
The fundamental strength & chart strength all confirm very big potential upside for MNRB are coming loh!
The share price will shoot up strongly loh!
All indicators say go loh!
Thus very strong buy mah!
2 months ago
Raider
You went bankrupt and Calvin helped you.
Each and every person inside i3 forums knows this.
Thats why you helped Calvin in the NetX dodgy deal.
Now you again help Calvin, defending against 3iii.
Its time for you to stop hammering in those coffin nails into Calvin's coffin.
Calvin will be buried without your help.
You help Calvin = Means Calvin is guilty, everyone knows this.
2 months ago
General Raider & Calvin Tan are Great Allies bcos we share many common success criteria mah!
Btw Calvin Tan has knack of picking great stocks, thus in order to be successful u should careful go thru Calvin Usual Great Pick & pick some to follow mah!
2 months ago
pang72
MNRB->T4Q Result: ( EPS: 31.10, P/E: 5.56 )
TAKAFUL - >T4Q Result: ( EPS: 41.97, P/E: 9.22 )
If MNRB reference TAKAFUL PE9 shall be $2.70
6 days ago
pang72
Now is to reflect the fair value $2.70 before next QR
6 days ago
2 months ago
Most lagged insure the insurance company.
Your great chance to buy in dip before any coroporate restructuring.. by PNB for merging their insurance business
2 months ago
MNRB->T4Q Result: ( EPS: 31.10, P/E: 5.56 )
TAKAFUL - >T4Q Result: ( EPS: 41.97, P/E: 9.22 )
If MNRB reference TAKAFUL PE9 shall be $2.70
2 months ago
This should be worth at least RM3 if compared to Allianz or Syarikat Takaful, vastly undervalued.
2 months ago
Good that small players are selling to big sharks. Soon there won't be anything left to sell before the next big upleg.
2 months ago
Mnrb is a growth stock . Its revenue increased at compound rate of 12-14% per year since 2019. Its revenue has surpassed Takaful in FY 2023/24. EPS for FY ending March 2024 may hit 35sen ( vs Takaful’s 41 sen).
Hopefully, it is ripe for substantially higher dividend from now on . I believe PNB which control this company will make it happen.
1 month ago
MNRB should rise above RM3 if it's to priced similarly with Allianz, LPI or Syarikat Takaful. Overpriced? What a joke.
1 month ago
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
4 weeks ago
Your last day to get in to the insure and insure company.
Consolidation shld finish.
3 weeks ago
This one should slowly catch up. My other insurance king Allianz already soaring..
2 weeks ago
Those who missed this counter, go for another dirt-cheap alternative MANULIFE!
Volume started rising, shooting up soon!
2 weeks ago
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]
6 days ago
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)
6 days ago
RM1.65 is a good entry point if the Maybank IVT trader throws his shares at bid this Monday.
6 days ago
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
4 hours ago
[[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.]]
3 hours ago
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rojakmee
looks like will break RM3 soon , don't let go yours whatever happens , added more 2 days back, been holding since 5 months ago
2 months ago