MNRB is the only re-insurance pure play stock. There is no other similar company listed on Bursa Malaysia.

not time to sell yet

"The environment division, spearheaded by wholly owned Stream Group Sdn Bhd, which is looking to secure contracts in Indonesia and Saudi Arabia, could prove to be a game changer.

“We are in the midst of incorporating or setting up subsidiaries in Saudi Arabia and Indonesia … In order to undertake projects in these countries, we need a presence. In Indonesia, we have a partner but in Saudi Arabia, we are going at it alone,” Ahmad Kabeer says.

Other than Malaysia, Stream has a presence in Singapore, China, Taiwan, Hong Kong and India."

I am still updating my models for MNRB. Have not reached a conclusion on its fair value yet.

Huge surprise profits from family takaful and reinsurance profit. Congrats to MGMT for the blowout quarter

MNRB is still trading 30% below intrinsic value. Next price target is RM2.90

Any good news here?

I already bought TSH calvin so stfu

Added again

[[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.]]

Maintain HOLD on UZMA on the back of strong oil prices and multi-year contracts

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

KPJ expected to further trend upwards in a secular-bull environment

Wouldn't touch any stock recommended by Tan Teng Boo lol

KCLow has transformed into metal bull now
From plantation to metal

Furniture-related Stocks of 2024 (Top Picks)
1. Synergy House Berhad
2. Signature // Chin Hin
3. Sernkou Berhad

Furniture-related Stocks of 2024 (Top Picks)
1. Synergy House Berhad
2. Signature // Chin Hin
3. Sernkou Berhad

Furniture-related Stocks of 2024 (Top Picks)
1. Synergy House Berhad
2. Signature // Chin Hin
3. Sernkou Berhad

Palm oil bull run to suggest further upside for Orient Holdings

Orient is still trading at a huge discount to its fair value of RM8.00+

added more shares to my initial position in Pantech. Awesome management team.

Bought back

RM1.65 is a good entry point if the Maybank IVT trader throws his shares at bid this Monday.

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)

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]

2017 - 2018 oil bull run 2.0

Buying Petron at open this Monday. I ain't letting this opportunity slip away this time.

Chia Chee Hong insider trading again? Lawyer buying shares before IP case judgment. LOL

Bought back lol

Will still perform well

Plantation is still bullish

Good FA stock, just hold it

Just hold it, it will go up more dont worry

Bearish block trade alert @ RM1.81 this morning

Bearish flows at 3.39 pm

RM1.78 fake buying queue. Hit the bid

Heavy selling pressure from local institutions

Maybank IB pressing down. It's over. I already sold

This stock is over. Sell it

Good job @dompeilee
How are your Japanese stocks performing?

I agree with @willc48
This stock is too overpriced

Don't sell a single share to the MMs.

Add

Chia Chee Hong (Corporate lawyer at Rahmat Lim & Partners) literally bought 1 million shares before the surge in share price. Haha

Congrats to Ecoworld shareholders

Optimists always make money. Pessimists watch and make no money. Read this, Ms Ivg Ng haha

I love this stock

One H100 chip is about RM250k

HTPadu management should buy the Nvidia GPU H100/B100 for machine learning. Then will limit up

This stock is not going back to 2 anytime