MANULIFE HOLDINGS BERHAD

KLSE (MYR): MANULFE (1058)

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Last Price

1.92

Today's Change

0.00 (0.00%)

Day's Change

1.91 - 1.92

Trading Volume

111,800

Financial

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Last 10 FY Result
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Revenue 685,207 685,207 685,207 1,269,470 1,508,044 1,380,379 1,366,886 997,846 1,352,636 1,037,342 958,833 1,042,695 -4.55%
PBT 113,143 113,143 113,143 29,851 105,510 45,776 38,389 38,227 41,559 62,282 47,893 49,914 9.51%
Tax -29,269 -29,269 -29,269 -10,939 -18,550 -6,961 -12,244 -11,915 -13,506 -15,819 -12,327 -14,236 8.33%
NP 83,874 83,874 83,874 18,912 86,960 38,815 26,145 26,312 28,053 46,463 35,566 35,678 9.95%
-
NP to SH 77,878 77,878 77,878 18,912 86,960 38,811 26,134 26,251 28,018 46,445 35,542 35,644 9.06%
-
Tax Rate 25.87% 25.87% 25.87% 36.65% 17.58% 15.21% 31.89% 31.17% 32.50% 25.40% 25.74% 28.52% -
Total Cost 601,333 601,333 601,333 1,250,558 1,421,084 1,341,564 1,340,741 971,534 1,324,583 990,879 923,267 1,007,017 -5.56%
-
Net Worth 1,270,716 1,270,716 1,270,716 955,877 954,132 906,589 837,811 819,598 813,527 799,361 777,100 760,911 5.85%
Dividend
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Div 15,362 15,362 15,362 15,138 14,809 14,488 14,165 14,165 16,189 21,248 18,213 20,237 -3.01%
Div Payout % 19.73% 19.73% 19.73% 80.05% 17.03% 37.33% 54.20% 53.96% 57.78% 45.75% 51.24% 56.78% -
Equity
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Net Worth 1,270,716 1,270,716 1,270,716 955,877 954,132 906,589 837,811 819,598 813,527 799,361 777,100 760,911 5.85%
NOSH 219,467 219,467 219,467 216,261 211,559 206,983 202,370 202,370 202,370 202,370 202,370 202,370 0.90%
Ratio Analysis
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
NP Margin 12.24% 12.24% 12.24% 1.49% 5.77% 2.81% 1.91% 2.64% 2.07% 4.48% 3.71% 3.42% -
ROE 6.13% 6.13% 6.13% 1.98% 9.11% 4.28% 3.12% 3.20% 3.44% 5.81% 4.57% 4.68% -
Per Share
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
RPS 312.21 312.21 312.21 587.01 712.82 666.90 675.44 493.08 668.40 512.60 473.80 515.24 -5.41%
EPS 35.80 35.48 35.80 8.85 41.60 19.01 12.91 12.97 13.84 22.95 17.56 17.61 8.19%
DPS 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 8.00 10.50 9.00 10.00 -3.88%
NAPS 5.79 5.79 5.79 4.42 4.51 4.38 4.14 4.05 4.02 3.95 3.84 3.76 4.91%
Adjusted Per Share Value based on latest NOSH - 219,467
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
RPS 312.21 312.21 312.21 578.43 687.14 628.97 622.82 454.67 616.33 472.66 436.89 475.10 -4.55%
EPS 35.80 35.48 35.80 8.62 39.62 17.68 11.91 11.96 12.77 21.16 16.19 16.24 9.17%
DPS 7.00 7.00 7.00 6.90 6.75 6.60 6.45 6.45 7.38 9.68 8.30 9.22 -3.01%
NAPS 5.79 5.79 5.79 4.3554 4.3475 4.1309 3.8175 3.7345 3.7068 3.6423 3.5408 3.4671 5.85%
Price Multiplier on Financial Quarter End Date
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Date 29/12/23 29/12/23 29/12/23 30/12/22 31/12/21 31/12/20 31/12/19 31/12/18 29/12/17 30/12/16 31/12/15 31/12/14 -
Price 1.91 1.91 1.91 2.01 2.30 2.01 2.48 2.50 3.30 3.02 2.92 3.14 -
P/RPS 0.61 0.61 0.61 0.34 0.32 0.30 0.37 0.51 0.49 0.59 0.62 0.61 0.00%
P/EPS 5.38 5.38 5.38 22.98 5.60 10.72 19.20 19.27 23.84 13.16 16.63 17.83 -12.45%
EY 18.58 18.58 18.58 4.35 17.87 9.33 5.21 5.19 4.20 7.60 6.01 5.61 14.22%
DY 3.66 3.66 3.66 3.48 3.04 3.48 2.82 2.80 2.42 3.48 3.08 3.18 1.57%
P/NAPS 0.33 0.33 0.33 0.45 0.51 0.46 0.60 0.62 0.82 0.76 0.76 0.84 -9.85%
Price Multiplier on Announcement Date
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Date 26/02/24 26/02/24 26/02/24 22/02/23 25/02/22 23/02/21 26/02/20 27/02/19 26/02/18 27/02/17 24/02/16 24/02/15 -
Price 1.94 1.94 1.94 2.07 2.48 2.08 2.31 2.50 3.30 3.05 2.88 3.30 -
P/RPS 0.62 0.62 0.62 0.35 0.35 0.31 0.34 0.51 0.49 0.60 0.61 0.64 -0.35%
P/EPS 5.47 5.47 5.47 23.67 6.03 11.09 17.89 19.27 23.84 13.29 16.40 18.74 -12.78%
EY 18.29 18.29 18.29 4.22 16.57 9.01 5.59 5.19 4.20 7.52 6.10 5.34 14.64%
DY 3.61 3.61 3.61 3.38 2.82 3.37 3.03 2.80 2.42 3.44 3.13 3.03 1.96%
P/NAPS 0.34 0.34 0.34 0.47 0.55 0.47 0.56 0.62 0.82 0.77 0.75 0.88 -10.02%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
2 people like this. Showing 35 of 35 comments

petracot

Manulife is the only pure Life insurance listed company in Malaysia, with a relatively small paid up capital of 200 odd million shares. The ultimate controlling shareholder is the Manulife Canada - a very reputable and one of the leading insurer in Canada and North America. Currently, they hold close to 58% Manulife Malaysia, but they are buying from the open market every day; they have the option to buy up to the maximum of 70% permitted by Bank Negara.

The 2011 result is pending, earning may hit more than 0.30 and dividend may exceed 18%. I am predicting a price of more 3.50 in the next few months

2012-02-27 11:51

petracot

Manulife has recently released the 2011 results: earning of 33.29 sen per share with dividend yet to be declared, expected to be more than 18 sen gross.

The insurer's earning could be on the rising trend as a result of insurance distribution tie-up with OSK which has 50+ branches through out the country. Manulife's asset management division can be a potential money spinner as return of the unit trust is among the highest, in excess of 10%.

2012-02-27 19:57

petracot

Manulife has just released 1Q2012 results. Earning improves from 6.52 sen to 8.48 sen per share. That is a decent increase of 30%. This counter is not very exciting because the growth is very gradual. However, if you are looking for some sound and safe investment, Manulife may just be the right choice. The controlling shareholder owns slightly under 60% and they are buying in the open market,practically everyday.

2012-05-16 22:44

reachabbler

time to collect some :)

2012-10-31 09:37

reachabbler

time to collect

2013-03-15 08:42

reachabbler

declare 15 sen dividend.

2013-03-21 08:40

selinelow

0.15? where the source from?

2013-03-21 09:01

reachabbler

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1233157

2013-03-21 09:18

reachabbler

Lets see how PRS business going to boost the company performance.

2013-04-26 10:29

reachabbler

Metlife, Manulife said to bid for Malaysia AMMB life insurance unit
http://www.reuters.com/article/2013/05/09/malaysia-ammb-idUSL3N0DQ0XA20130509

2013-05-10 00:07

reachabbler

TP RM4.00

2013-05-14 14:01

June Ng

what is the intrinsic value?

2013-07-23 11:03

newbiestock

mnrb BETTER

2013-07-23 11:04

Kian Leong Lim

Asset growth tallies with liability growth and roe is down. This shows the company has not been very effective in improving efficiency. the other reason may be the company has too much competition in the local market. Asset management is a good field but how to enlarge the company's market share in the insurance business posses a big challenge for the company. As for the lending business, I am neutral on this area.

2014-11-18 12:33

Kian Leong Lim

(1) They have to buy things that people don't want, (2) Make Improvement On It, (3) Use more market ways to grow their business.

2014-11-18 12:38

retnam

This Co is a puzzle. The management has succeeded in driving profits (quarterly) to less than a third despite acquiring asset management business. Asset management is a fee-based activity where the asset manager i.e. Manulife gets income irrespective of which direction the market goes.

I hope the head office sees the absence of quality among the top management & gets rid of them. They know how to make impressive statements in the annual report which is a mere Public Relations nonsense to hoodwink the shareholders. We want to see them earn their keep by sustaining & improving profits.

2014-12-21 05:51

retnam

Get rid of them before it's too late!!

2014-12-21 05:52

retnam

Extracts from the latest quarterly :-

"A holistic customer-centric approach will be taken in our forward thinking solutions designed to help our customers’ most significant financial decisions. We will offer a range of innovative ...blah, blah, blah" - Sounds like hogwash to me

"Barring any unforeseen circumstances and the change in MGS yields, the Directors expect the
Group’s performance to remain satisfactory in the current financial year ending 31 December 2014" - Huh? Did I miss out something? Seems out of whack when profits compared to corresponding previous quarter fell more than 73%!!

2014-12-21 06:00

retnam

Share price is tanking. Investors have spoken.

Will the parent co just sit by the sidelines & watch the co slide? or
Will it take the bull by the horns & implement major changes to halt the decline?

2015-01-12 09:30

gungho92

i think they are underwriting losses... their source of income from investments is the reason they still can survive... oh no....

2015-04-22 15:23

sheldon

The latest quarterly results show no top-line growth. The net profit however increased not because of management capability but due to luck. The large increase in MGS yield caused a reduction in contingent liabilities.

In summary, the management is inept and the major shareholders seem to allow it to drift into oblivion. How long do they want to wait before taking any action? Take the bull by the horns - do something!!

2015-08-25 10:29

sheldon

Another pathetic performance. It's on the long slide downwards. Dividends are dwindling. What I'll do is that I'll boost up my yield with the door gifts and free food at the AGM haha

2016-02-25 10:50

ivan9511

hi guys , someone still at manulife, can I know why I cannot see any dividend info ?
on 24/02/2016 manulife declare 9 sen dividend right ?
still havent proceed or cancel dividend ?
please help guys
thanks

2016-04-08 03:12

sheldon

Look at the announcement titled "Others".
Note that dividend is only contingent upon approval at the AGM by shareholders.

2016-04-08 09:14

ivan9511

thanks sheldon , I understand already , need to wait AGM declare now still under proceed ?

2016-04-08 21:19

sheldon

At the recent AGM, the chairman was impatient & was trying to bulldoze the accounts deliberation. That's not right as shareholders only has a once a year opportunity to grill the board.

Shareholders are concerned over several issues including the declining share price & dividends. The fact that the investment was written down soon after acquisition which smells a rat.

MSWG raised the issue that one of the directors did not attend 3 out of 5 board meets and was not present at the AGM was seeking re-election. A few of us was put our hands up opposing to his re-election. However there were several old folks who were just pleased to be treated nicely in a pleasant surrounding, with an umbrella as a door gift and a spread of food who blindly like zombies supported his re-election. MSWG also noted that there was a director who did not attend the past 2 AGMs as well as the current. It gives me the impression that their presence in the company was merely to carry the title "director", collect fees and eat popiah at meetings. I hope that the parent company notices these red flags & do something about it.

2016-05-22 10:02

shareinvestor88

Sell this TP 50c

2019-07-10 23:43

Jeffreyteck

Regulator simply approved directors including lazy director? Anyway, many directors are there just to collect easy $.
First time drop by here, wonder it is the right entry point now. Will consider at around 2.20.

2019-10-01 11:20

Jeffreyteck

In case you or family members had bought investment linked insurance products, always ask the insurance company or its agent (better in black and white) on the annual premium that you need to pay at various stage, eg. at age of 55, 60, 65 etc, then you can know how much to pay when you are old and judge whether you still can afford then before it is too late. Wish no body is mislead.

2019-10-01 11:21

shareinvestor88

Poor rezults sell TP 50C

2019-12-01 15:16

kereta

Macam ppl want insuran for covid

2021-02-23 19:46

investortrader88

Got some tickets this morning.good luck guys.

2021-09-09 11:04

investortrader88

https://www.theedgemarkets.com/article/manulife-holdings-1q-earnings-fall-rm1m-lower-life-insurance-profit

2022-05-31 19:43

investortrader88

I will continue hopd my tickets average price RM2.40.good luck guys

2022-05-31 20:13

Najib Zamry

for those who has missed out MNRB, Manulife is trading even at huge discount against NTA with p/e less than 5
The dividend yield around 3.25 %.

1 month ago

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