MNRB HOLDINGS BHD
KLSE (MYR): MNRB (6459)
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Last Price
1.19
Today's Change
+0.09 (8.18%)
Day's Change
1.13 - 1.19
Trading Volume
1,612,500
Overview
Market Cap
932 Million
NOSH
783 Million
Avg Volume (4 weeks)
555,736
4 Weeks Range
1.00 - 1.23
4 Weeks Price Volatility (%)
82.61%
52 Weeks Range
0.845 - 1.23
52 Weeks Price Volatility (%)
89.61%
Previous Close
1.10
Open
1.14
Bid
1.17 x 33,000
Ask
1.19 x 279,400
Day's Range
1.13 - 1.19
Trading Volume
1,612,500
Financial Highlight
Latest Quarter | Ann. Date
30-Jun-2023 [#1] | 30-Aug-2023
Next QR | Est. Ann. Date
30-Sep-2023 | 25-Nov-2023
T4Q P/E | EY
4.60 | 21.75%
T4Q DY | Payout %
2.10% | 9.66%
T4Q NAPS | P/NAPS
3.42 | 0.35
T4Q NP Margin | ROE
5.45% | 7.57%
Market Buzz
2023-09-22
2023-09-21
2023-09-20
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Company Profile
Sector: FINANCIAL SERVICES
Sector: FINANCIAL SERVICES
Subsector: INSURANCE
Subsector: INSURANCE
Description:
MNRB Holdings Bhd is a reinsurance provider as per the retakaful and takaful system according to the sharia law. It provides reinsurance services in the areas of fire, marine, motor, miscellaneous, and family retakaful. The company is also engaged in investment holding business and mainly operates in Malaysia and United Arab Emirates.
Discussions
8 people like this. Showing 50 of 3,615 comments
after this more and more will buy special perils insurance ..long term will be good for MNRB
2022-01-07 20:42
Mnrb Dec 2021 qtr result is pulldown by the Dec 2021 flood claims provision loh!
Managements are optimistic on its future performance loh!
2022-05-03 11:36
MNRB | MNRB Holdings Berhad
Mar 03
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat
Third quarter 2022 results:
RM0.028 loss per share (down from RM0.064 profit in 3Q 2021).
Revenue: RM675.2m (down 3.9% from 3Q 2021).
Net loss: RM22.1m (down 147% from profit in 3Q 2021).
Revenue exceeded analyst estimates by 3.0%.
2022-05-06 15:04
MNRB could be a counter to collect at current prices of RM1.00 to RM1.05. As expected the 4th quarter earnings rebounded after the 3rd quarter loss due to massive floods. In a normal year the earnings per share would be over 21 sen which means a PE of less than 5 at the last traded price of RM1.04. The NTA per share is over RM3.00.
The insurance/reinsurance is a growing market. To me this industry has a characteristics of a casino and utility combined. It is like a casino because it uses probability to calculate premium and payout among others. It is like a utility because it is a necessity for most individuals and companies. The good thing is that MNRB is the house/owner providing the service. This means that for most periods the company will make good earnings based on law of averages except when there are calamities or mismanagement.
The earnings will grow if the company is managed well all things remaining the same. To encourage investors to buy MNRB shares , a positive move is to have a dividend payout policy .As an example , if the payout ratio is 35% and the earnings per share is 10sen, 20sen and 30 sen then the dividend will be 3.5sen, 7 sen and 10.5 sen respectively. You share in the good and bad of the company and the company still has the balance of 65% for reserves/expansion. I am confident and optimistic of this line of business. If every things progress well, the price of this counter will be much higher except you need to be patient. I generally collect when things are quiet , right prices by me and the potentials are there.
2022-06-04 17:19
PNB has disposed off CCM. MNRB will be next. It is a matter of right price. If the offer is reasonable, MNRB will be sold because it is not the core business of PNB. Hence do keep on buying at the current price. Big gains are awaiting us.
2022-06-04 18:40
MNRB | MNRB Holdings Berhad
May 31
Full year 2022 earnings released: EPS: RM0.15 (vs RM0.24 in FY 2021)
Full year 2022 results:
EPS: RM0.15 (down from RM0.24 in FY 2021).
Revenue: RM2.70b (up 8.0% from FY 2021).
Net income: RM114.4m (down 40% from FY 2021).
Profit margin: 4.2% (down from 7.6% in FY 2021). The decrease in margin was driven by higher expenses.
Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat.
2022-06-07 11:08
Far from fair. Stated dividend policy is 40% to 70% pay out. 2.5 sens is not even 20%.
2022-07-28 23:34
MNRB
Share Price 7 Day 1 Year
0.99 1.0% -23.3%
Full year 2022 earnings released: EPS: RM0.15 (vs RM0.24 in FY 2021)
Full year 2022 results:
EPS: RM0.15 (down from RM0.24 in FY 2021).
Revenue: RM2.69b (up 7.6% from FY 2021).
Net income: RM114.4m (down 40% from FY 2021).
Profit margin: 4.3% (down from 7.6% in FY 2021). The decrease in margin was driven by higher expenses.
Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year.
2022-08-05 10:07
For the period ended 30 June 2022, the Group recorded a revenue of RM842.8 million, an increase of 13% as compared to RM743.0 million reported in the corresponding period last year. The RM99.8 million increase was generally contributed by higher gross premiums/contributions of RM100.9 million or 14% generated by the reinsurance and takaful subsidiaries.
However, the Group recorded a loss after tax of RM13.3 million in the financial period ended 30 June 2022 as compared to RM46.5 million profit after tax reported in the same period last year. The significant decrease in the profit after tax by RM59.8 million despite the increase in the revenue was mainly contributed by the unfavourable fair value movement of the investments as well as increase in the
net claims incurred and the unfavorable result of the associate.
2022-08-31 00:16
Please sell like no tomorrow or land in Holland! Investment lost like no tomorrow! Impossible to recover in short term!
2022-09-20 15:58
When I ask you sell, just sell like no tomorrow without think twice! Im a person with moral & conscience. Good luck!
2022-11-29 00:01
MNRB Holdings Berhad
Share Price 7 Day 1 Year
0.89 4.1% -23.9%
Second quarter 2023 earnings released: EPS: RM0.018 (vs RM0.05 in 2Q 2022)
Second quarter 2023 results:
EPS: RM0.018 (down from RM0.05 in 2Q 2022).
Revenue: RM810.2m (up 20% from 2Q 2022).
Net income: RM14.0m (down 64% from 2Q 2022).
Profit margin: 1.7% (down from 5.7% in 2Q 2022). The decrease in margin was driven by higher expenses.
Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
2022-11-29 10:00
B1. Review of performance
For the period ended 31 December 2022, the Group recorded a revenue of RM2.6 billion, an increase of 14.5% as compared to RM2.3 billion reported in the corresponding period last year. The RM0.3 billion increase was generally contributed by higher gross premiums/contributions generated by the reinsurance and takaful subsidiaries.
The Group recorded a profit after tax of RM72.0 million in the financial period ended 31 December 2022 as compared to RM63.3 million profit after tax reported in the same period last year. The increase in the profit after tax by RM8.7 million is mainly due to improved underwriting performance on top of higher investment income that was offset by the unfavourable fair value movement of investments.
(Fair value gain of 119.536K was recorded in Q ended Dec22 compare to -8.598K recorded in Dec21)
2023-02-08 21:38
MNRB Holdings Berhad
MNRB
Share Price 7 Day 1 Year
1.00 8.7% -13.0%
Third quarter 2023 earnings released: EPS: RM0.091 (vs RM0.028 loss in 3Q 2022)
Third quarter 2023 results:
EPS: RM0.091 (up from RM0.028 loss in 3Q 2022).
Revenue: RM893.9m (up 32% from 3Q 2022).
Net income: RM71.2m (up RM93.3m from 3Q 2022).
Profit margin: 8.0% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue.
Revenue is forecast to decline by 71% p.a. on average during the next 3 years, while revenues in the Insurance industry in Malaysia are expected to remain flat.
Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
2023-02-09 11:58
Results fluctuate quite a lot quarter to quarter. Dont conclude base on just one good QR.
3 weeks ago
Only bod and management need to buy house yearly but investors get nothing. Lol.
2 days ago
4 % dividend yield , NTA 3.42, PE 5, now only trading at RM1.17 what a cheap sales!!!!!
1 day ago
Based on today's closing price of rm1.19, the dividend yield is 3.75. I now understand why EPF doesn't buy or invest in this counter.
1 day ago
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ooihk899
If your are a long term investor, important thing you should ask yourself is if the flood compensation change the fundamental of the company.
What worry me more is their oversea Reinsurance business.
This business incurred losses last Q. If it repeat again this Q, that will be a bad sign because that was the problem that almost brought
down the company last time.
2021-12-22 11:27