WOW, WOW, WOW,
MAAG has reported in their unaudited account as at 30-09-2015 has a Cash Reserve of (RM384,212,000 less RM104 000) RM 384,108,000 after adjusted shares buy back in Oct 2015. The Paid Up Capital of the Company has issued shares of (304,353,752 less shares buy back 11,661,500) 292,692,252 which work out that the cash is equal to RM1.312 per share.

Market Price (MP) RM 0.78 per share and NTA - RM1.30 , Price Discount (PD) - RM 0.52 per share. Cash per share RM1.312. Extra Cash above Market Price per share is RM 0.532.

MAAG is Super value stock and it is also a PN17 stock.

No, the 3 cents dividend was referring to last September declaration and paid in early Oct 2015

This information was from Annual Report 2013 and 2014 comparison on the foreign shareholding , some of the foreign shareholders of MAAG as at 31/3/2015 are as follows:-

1.Affin Hwang Nominees (Asing) Sdn Bhd
Beneficiary : UOB Kay Hian Pte Ltd For Bradford Securities Ltd - 5,406,900 shares (1.80%)
Shareholding for 30/4/2014 was also the same 5,406,900 shares (1.80%).

2.UOB Kay Hian Nominees (Asing) Sdn Bhd
Beneficiary : Exempt an for UOB Kay Hian Pte Ltd (A/C Clients) - 5,282,575 shares (1.76%)
Shareholding for 30/4/2014 was also the same 4,965,231 shares (1.63%).

3.Maybank Nominees (Asing) Sdn Bhd
Beneficiary : Exempt an for DBS Bank Limited (Client A/C) - 5,129,100 shares ( 1.71%)
Shareholding for 30/4/2014 was also the same 1,600,000 shares (0.53%).

4.Maybank Securities Nominees (Asing) Sdn Bhd
Beneficiary : Maybank Kim Eng Securities Pte Ltd For Kegani Pacific Ltc Fund L.P - 2,608,400 ( 0.87%).
Shareholding for 30/4/2014 was also the same 2,608,400 shares (0.87%).

5.HSBC Nominees (Asing) Sdn Bhd
Beneficiary : Exempt an for UBS AG (Client Assets) - 1,700,000 shares (0.57%)
(New shareholder)

6.HSBC Nominees (Asing) Sdn Bhd
Beneficiary : BBH and CO Boston for Bank Morgan Stanley AG Zurich - 1,367,800 shares (0.46%)
(New shareholder)

7.CIMSEC Nominees (Asing) Sdn Bhd
Beneficiary : Exempt An For CIMB Securities (Singapore) Pte Ltd (Retail Clients) - 1,096,554 shares ( 0.37%)
Shareholding for 30/4/2014 was 1,162,884 shares (0.38%).

MAAG is a PN17 status company, yet the fund managers and rich investors are investing in this counter, I believe that MAAG must have some good value in the company that they knew that the retail investors do not know.

As for my finding that MAAG Cash Balance based on my estimated figure after taken into consideration of shares buyback as at date (20/10/2015) RM 307,852,985.00.

Paid Up Capital 304,353,752 with a Share Buyback 11,661,500 as at 20/10/2015
Dividend 2013 - 3 sens , Dividend 2014 - 6 sens and Dividend 2015 - 6 sens

Market Price (MP) RM 0.78 per share with a Market Cap RM 237,395,900.00
NTA - RM1.35 Company NTA RM 410,877,565.00
Price Discount (PD) - RM 0.57 (42.22%) and Cash per share RM1.05. Extra Cash above Market Price per share is RM 0.27.

I believe that MAAG market price will move up and will be fully value soon and I am bullish on MAAG, I am long this stock and a shareholder of MAAG.

Going forward, this could be very exciting for the shareholders to see more improvement in the share price going up in the near future.

MAAG Company Information :- 20/10/2015
MAAG Cash Balance estimated after taken into consideration of shares buyback as at date (20/10/2015) RM 307,852,985.00

Paid Up Capital 304,353,752 with a Share Buyback 11,661,500 as at 20/10/2015
Dividend 2013 - 3 sens
Dividend 2014 - 6 sens
Dividend 2015 - 6 sens

Market Price (MP) RM 0.75 per share with a Market Cap RM 228,265,314.00
NTA - RM1.35 Company NTA RM 410,877,565.00
Price Discount (PD) - RM 0.60 (44.44%) Comp Under Value by RM 182,612,251.00
Cash per share RM1.05. Extra Cash above Market Price per share is RM 0.30

Going forward, this could be very exciting for the shareholders to see more improvement in the share price going up in the near future.

Hope it will happen but I do not know, but this stock is under value like some of the PN 17 stocks like ECM and (TAMCO is also sold the whole business in Feb 2009 with capital reduction RM0.30 per share and special dividend RM 0.66 per share and now name changed to ANCOMLB with the injection of new business to the company with some new shareholders as well).

MAAG has Cash and cash equivalents in the account balance as at 3/06/2015 was RM 313,270,000-00 which is work out per share is RM1.029.
Since then MAAG declare to pay out 3 sen dividend on Sept 2015 and some shares buy back and also sold some investment in Domayne Bond for RM 30,000,000. and I estimated Cash and cash equivalents in the account balance as at 30/9/2015 is still will be plus or minus that figures of 30/06/2015.

Reread the post i3 investors on 17/06/2015 by NOBY
The 75% stake in MAA Takaful Bhd is valued at about RM0.38 per share at 1x book value based on 2014 annual report. This is already about 50% of its market cap today.

General Announcement by MAAG on 23/09/2015
The Board of Directors of MAAG wishes to announce that MAAG has today disposed of its RM33.5 million nominal value Domayne Bond over-the-counter secondary market for a total cash consideration of RM30.15 million.

General Announcement by MAAG on 16/06/2015
Proposed Disposal of 75% Equity Interest Held in MAA Takaful Berhad ("Proposed Disposal")The Board of Directors of MAAG (“Board”) wishes to announce that Bank Negara Malaysia (“BNM”) had vide its letter dated 15 June 2015 stated that it has no objection in principle for MAAG and Zurich Insurance Company Ltd (“Zurich”) to commence negotiations for the Proposed Disposal.

The above shall not be construed as approval for the Proposed Disposal. MAAG and Zurich would be required to obtain the prior approval of the Minister of Finance, with the recommendation of the BNM, pursuant to the Islamic Financial Services Act 2013, before entering into any agreement to effect the Proposed Disposal.

Further announcements will be made as and when there are material developments on the Proposed Disposal. ---This announcement is dated 16 June 2015.

The MAAG has started to implement the shares Buy Back totaling 11,523,500 shares as at 02/10/2015. The company is very Cash Rich. The NTA is RM1.35 as at 30/06/2015.

With Small Paid up capital of 304,353,752 and after deduct the shares buy back of 11,523,500, the final paid up capital of 292,830,252 shares.

MAA is high dividend stock (8%) with 6 sen dividend for this year based on market value of RM 0.75 per share.

You decide what is the future share price will be once PN17 is lifted?????

I am bullish on MAAG, I am long this stock and a shareholder of MAAG.

MAA GROUP BERHAD
Second Interim Dividend of 3 sen per share under the Single-Tier System in respect of the financial year ending 31 December 2015.

Kindly be advised of the following :
1) The above Company's securities will be traded and quoted "Ex – Dividend” as from: 23 Sep 2015
2) The last date of lodgement : 28 Sep 2015
3) Date Payable : 9 Oct 2015

Aggressive shares buy back by the Management shall reduce the paid up capital of MAAG. There is the possibility that the Management can go like the same direction of ECM LIBRA n RCE CAPITAL. The current share price is supported by Management shares buy back scheme from RM0.69 to RM0.72 per share.

Reread the points that i posted i3 investors on 15-4-2015.

The MAAG has started to implement the shares Buy Back with an additional 1,665,900 shares as at 12/08/2015 totaling 6,009,600 shares and 1st quarterly report 31/3/2015, the profit is nothing to shout about, but shocking to find out that Cash and cash equivalents in the account balance as at 31/3/2015 was RM 518,958,000-00 which is work out per share is RM1.7298. The company is very Cash Rich and cash is king. NTA is RM1.39 and still a PN 17 stock.

You decide what is the future share price will be once PN17 is lifted????? I am sure it will go up to more the RM1.00+.

Think of the MFR OF LATEX GLOVES - INTEGRATED RUBBER CORPORATION BERHAD (IRCB) and lifted on PN 17 and par value is RM 0.20 per share and NTA is only RM 0.22 per share and and the share price RM0.76 per share as at today.

The MARKET for the last 2 months until now is very very volatile and very very scary for many investors and including me as well , and i am happy MAA is well supported at RM0.70 and RM0.71.
I know we want to take profit and to invest in other stocks in this market and now looks very cheap. Sometime is good to do nothing.

Market as a whole is down trending and I am happy with MAA and i am still making money in this stock with strong fundamental.

I am a shareholder of MAAG and to me MAAG is really a lelong stock.

Wow, The shares Buy Back with an additional 585 000 shares on 10/08/2015 today, as at todate totaling 5,178,700 shares and I agreed with Markus See totally on the analysis of MAAG . I am bullish on MAAG, I am long with this stock and own MAAG shares.

The shares Buy Back just started ....additional 300,000 shares on 29-7-2015

and hope today will go higher...

Somebody is buying at 77 sen and accumulating at this price ........

All the resolutions pass by the Members. As for PN17, from the MD, they have submitted the proposal and now the proposal has to get approval by relevant authorities namely Bank Negara and Bursa Malaysia, he himself also does not know when it is going to lifted from PN17. I see it will take awhile again maybe 6 months to 1 year.

But one thing is good , the accounts has improved after written off a few unperforming companies and the management said they have taken care all the bad businesses in the accounts as at 31/12/2014.

As i see it, I think, it is my opinion that they will try to keep up with the dividend payment like last year. I hope they will declare another 3 sens dividend in the near future for 2015 accounts.

Knowing the major shareholders has so many businesses that are not profitable, I believe he also needs the dividend badly also.

i am still take a long position for this company.

just release 1st quarterly report 31/3/2015 http://www.bursamalaysia.com/market/listed-companies/company-announcements/4753025 , profit is nothing to shout about, but shocking to find out that Cash and cash equivalents in the account balance as at 31/3/2015 was RM 518,958,000-00 which is work out per share is RM1.7298. Can somebody who knows the accounting and able to understand the accounts, please contribute why so must cash in the bank........ and yet the profit is so little......in the P&L accounts

Anybody is going to the MAA AGM this coming Thursday 28 May 2015? I am going.... and see u there.

I totally agreed with you, Markus See, MAA is the cheapest in price and with so much cash in the bank and good NTA1.40. I am also a long term hold for this stock.

price going higher....

Breakout with volume and going higher....

Dividend paid to your bank account today and check your email for notification

As i said earlier, this stock is a turnaround stock and for the share price to move up, it has to wait for the next company results and if only make profit, and at 19.5 cents Priceworth is selling at a huge 68% Discount to NTA.

Thanks Calvintaneng, I follow your sharing with all the stocks you share in i3 very closely.I like your analysis very much. You are truly follow value investing and i believe those who follow your sharing in i3 should have make some money.
I agreed with you regarding PWORTH, and at 19.5 cents Priceworth is selling at a huge 68% Discount to NTA.

I am also a shareholder of Pworth.

Strong breakout.....

This stock is a turnaround stock and for the share price to move up, it has to wait for the next company results and if only make profit.

Slow and steady stock now, so long the operators are pushing up the share price above RM0.225 per share, I will hold and go with the trend. This stock is under value and it has the NTA RM0.55 per share.

Buyers are buying at higher price now, above RM0.70 per share ..... and it is going to move up soon. One time MAAG was trading at lowest of RM0.415 in sept 2012. Investor who bought in Sept 2012 has made 100% profit including dividend 12 sen todate. Not bad for a very low risk stock.

if break RM0.225, it will go higher...........

I agreed with you, GuruBursa.

very bullish today.......

What IF, WHAT IF????
The Board of Directors of MAAG has decided to take the same strategies like Takaful Malaysia and proposes the share split involving the subdivision of every one (1) existing ordinary share of RM1.00 each in MAAG into five (5) ordinary shares of RM0.20 each in MAAG.

What do you think the future share price on MAAG will be???

My assumption is that the share price shall be adjusted from the present price of RM0.70 to RM0.14 per share and the company is still a PN 17 company and with adjusted NTA of RM0.28 per share.

I noticed that a MFR OF LATEX GLOVES - INTEGRATED RUBBER CORPORATION BERHAD (IRCB) also a PN 17 and par value is RM 0.20 per share and NTA is only RM 0.22 per share and having the Market price RM0.79 per share as at today.

Of course, i cannot compare apple with orange here, but i find that MAA is way under value in a simple common sense.

All other insurance stocks are above RM1.00++, Don't you think this stock is CHEAP for value investing??

I will not say that the share will show the same strength like INTEGRATED RUBBER CORPORATION BERHAD (IRCB) with a future Market price RM0.79 per share.

You decide what is the future share price will be once PN17 is lifted?????

I think MAAG is very under value and The Board of Directors of MAAG is just propose for payment of first interim gross dividend of 3 sen per share under the Single-Tier Dividend System in respect of the financial year ending 31 December 2015 to be payable on 30 April 2015.

IF, IF the Management is generous again like last year, they will do the same like last year before AGM and propose of second interim gross dividend of 3 sen per share under the Single-Tier Dividend System, that will be a bonus to all the ROYAL shareholders of MAAG - is this possible, maybe ???

I am a shareholder of MAAG and to me MAAG is really a lelong stock.

Cipta, u are very knowledgeable in MAA counter, I fully agreed on the points you mentioned. If delisted, i will go along with the management and keep the shares for 1 or 2 years and wait for further another regularization plan. By that time I am sure the share px will go above RM1.00.

Nobody know the risk of MAA being suspended, only Bursa Malaysia can answer this question. But what is the risk of investing in MAA?

I have shared in the earlier i3 posting and The Management has submitted the regularization plan recently to Bursa and together with the implementation of the shares buy back of 4,343700 shares until todate.

A few things can happen to the MAA share price. The bad news are
1. with smaller paid up capital, the value of the company goes up, the possibilities that the major shareholders can take the company private.

(QUOTE by i3 member CIPTA on 13/01/2015 that in this view that it is very disadvantage for major shareholder to privatize it because it's main business is controlled by insurance Act. The regulation plan must subject to the approval of BNM, therefore can foresee that Bursa may extend another 3 months for MAA to get BNM approval.)

2. if the regularization plan submitted to Bursa is not approve by Bursa, MAA shall be delisted (a PN 17 stock has a risk of delisted and this is every investor worry), then the minorities shareholders shall have to wait for longer period , maybe at 1 year or more for the company to submit another regularization plan.

The good news are
1. if the major shareholder is good, 2015 shall see a good dividend pay out to the minorities shareholders due to less paid up capital if shares buy back is fully implemented.
2. if PN 17 shall be lifted in the near futures, the MAA share price shall easily can go back to RM 1-00 or more, when, i do not know. So, the minorities shareholders can benefit from this exercise on the up side of the share price above the current market price by at least of 30%.

In the company unaudited account as at 31-12-2014 has a Cash Reserve of RM 344,400,000-00. The Paid Up Capital of the Company has issued shares of 304,353,752 which work out that the cash is equal to RM1.1315 per share.

MAA is still a sleeping stock and the stock px (RM0.69 per share) and does not drop much further and lately MAA share price up maybe due to shares buy back.

If your investing time frame is 1 to 3 years, Is it good to buy some? if you still have the cash to invest? You have to decide it yourself.

I am a shareholder of MAA and to me MAA is really a lelong stock now and NTA as at 31-12-2014 is RM1.39 per share.

I am fully agreed with the (QUOTE by i3 member MARKUS SEE on 17/02/2015 that his view on MAA that something is brewing... Well, even if it hits 1.20 , I think i would hold this stock for there are not any cheap insurance stock left to buy. Dividend prospect is good for this counter. I dont expect the management will screw up big time judging from the fact this industry is one of the most regulated industry (in addition to BNM perusal... Thanks Zeti ). The company cannot afford to buy any other financial company coz all other financial related companies are either too big or too expensive. The company cannot invest in any other industry except in finance related; so be assured we wont hear that MAA will explore opportunity in oil&gas exploration etc... Some can say its conservative. Its good to be conservative sometimes... Slow & steady... Lets hope everyone esp MAA stockholders have a goooooat year! ;) Happy Lunar New Year. Cheers.
17/02/2015 15:54

50-50 chance

going to break 0.70

Very low volume..... and going up again...

why this share moving so slow with good NTA and trading profit for the 1st quarterly result????

Great, I think MAA is greatly undervalue.

Price up to RM.069 per share in the morning session due to shares buy back by the Company or the Management has finalize with regularization plan or the Board of Directors of MAAG has submitted a fresh application for an extension of time to comply with Paragraph 8.04(3) and PN17 of the Listing Requirements??????.

The Management has submitted the regularization plan recently to Bursa and together with the implementation of the shares buy back of 2,725,200 shares as at 13 Jan 2015. The share price shall have the potential of upside.

If the shares buy back is fully implemented by the Management in a short period of time, the current Paid up capital of 304,353,752 shares shall be reduce by 30,435,000 shares to 273,918,752 shares.

A few things can happen to the MAA share price. The bad news are
1. with smaller paid up capital, the value of the company goes up, the possibilities that the major shareholders can take the company private.
2. if the regularization plan submitted to Bursa is not approve by Bursa, MAA shall be delisted, then the minorities shareholders shall have to wait for longer period , maybe at 1 year or more for the company to submit another regularization plan.

The good news are
1. if the major shareholders is good, 2015 shall see a good dividend pay out to the minorities shareholders due to less paid up capital if shares buy back is fully implemented.
2. if PN 17 shall be lifted in the near futures, the MAA share price shall easily go back to RM 1-00 or more, when, i do not know. So, the minorities shareholders can benefit from this exercise on the up side of the share price above the current market price by at least of 30%.

MAA is sleeping stock and the stock px does not drop much further and lately MAA share price up maybe due to shares buy back. The Shares buy back since 19/9/2014 until todate is 2,725,200 shares with the price range from RM0.61 to RM RM0.68 per share.

Is it good to buy some? if you still have the cash to invest? You have to decide it on your own.

I am a shareholder of MAA.

Anybody from KL attending EGM on Wednesday, 31 December 2014 at 9.15 a.m in Ulu Tiram, Johor Darul Takzim, Malaysia.

The Management has started the shares buy back of 2,025,200 shares as at 18 Dec 2014.

If the Company continue to shares buy back totaling 10% of the paid up capital of totaling 30,400,000 shares with the present market price of average RM0.67 and if the price goes up to RM1.00 per share in the near future, it will cost the company between RM 21.28 million to RM30.4 million.

The company has the strong Cash Reserve in the unaudited account as at 30-9-2014 of RM 339,502,000-00. The Paid Up Capital of the Company has issued shares of 304,353,752 which work out that the cash is equal to RM1.115 per share.

The shareholders will gain a lot from the exercise, but also will give the present controlling shareholders the advantage of taking the company private or potential target for takeover by the other parties.

So, the minorities shareholders can benefit from this exercise on the up side of the share price above the current market price by at least of 30% if the share price trading above RM 1.00 per share in the near future.

But beware, MAA Group is also a PN 17 company at this point, and 31/1/2015 is very important date for the minorities sharesholders. It means that the company also can be delisted after 31/1/2015 if the Company has not come up with the Plan to regularise its financial condition for Bursa Securities for approval.

Hope the Management has come up with a good plan to regularise its financial condition for Bursa Securities for approval by the end of the month.

It is a lelong stock and i see valve in this company and I also a shareholder in MAA Group..

Best of luck and happy trading and Merry Xmas.


Hope that this time the Management has a good plan for the company.

A PN17 company since 30 September 2011 and it is high time the Management has to solve this problem.

What if the Management has no solution of formulating the Plan to regularise its financial condition by 31 December 2014 to submit it to Bursa Securities for approval.
what will happen to the company?

Since the company has so much cash in hand, why not declare the same dividend to the shareholders.

Price up maybe due to shares buy back. Shares buy back since 19/9/2014 until todate is 1,496,200 shares with the price from RM0.61 to RM RM0.68 per share.

MAA Group is also a PN 17 company at this point in time has a Cash Reserve in the unaudited account as at 30-9-2014 of RM 339,502,000-00. The Paid Up Capital of the Company has issued shares of 304,353,752 which work out that the cash is equal to RM1.115 per share.

Why share price cannot move up???? Still less than RM0.70 per shares. But do u know MAA has
paid dividend of RM0.06 per share for this year.

I think with so much cash in hand , if they declare the same dividend pay out policy like this year it will be good for investors.

It is a lelong stock and i see valve in this company and I also a shareholder in MAA Group.

yes, someone is started to accumulate or is it shares buy back?

Well said, Calvintaneng, I am following you.

MAA is sleeping stock and the stock px does not drop much. Is it good to buy some if you still have the cash to invest?

I add some position in BJCORP today

Cash Reserve in the unaudited account as at 30-9-2014 of RM 339,502,000-00. The Paid Up Capital of the Company has issued shares of 304,353,752 which work out that the cash is equal to RM1.115 per share. Why share price cannot move up????

If u make money, it is a good stock. If u loss money, it is bad stock.

Do u know MAA GROUP BHD (MAA - 1198 ), share price is RM 0.625 per share on October 30, 2014 ? But it is also a PN 17 company at this point in time has a Cash Reserve in the unaudited account as at 30-6-2014 of RM 312,905,000-00. The Paid Up Capital of the Company has issued shares of 304,353,752 which work out that the cash is equal to RM1.028 per share. But you can get it for only RM0.625 per share.
Not to mention that it has paid dividend of RM0.06 per share for this year.
It is really of value and it is a lelong stock.