Posted by ahbah > 2020-01-16 16:15 | Report Abuse

Got onli tiny effect on Takaful but why the big selldown ?

Posted by davidkkw79 > 2020-01-16 17:10 | Report Abuse

tiny effect ? Are u kidding me ?

Posted by Jarklp > 2020-01-16 21:16 | Report Abuse

Purely on productivity loss, I believe the impact is around 10%-20% of 200m RHB business (as estimated by HLinvest, if they are correct!). Their wakalah fee is about 35% overall, minus administration expenses about 10%. There should be some savings in marketing expenses and bancassurance fee paid to RHB under management expenses.

So, 20-40m vs their full year profit before tax of 300m-400m. Big or small impact? This is before underwriting income/loss (profit sharing) which I believe is not significant in 2020.

Posted by willc48 > 2020-01-16 22:14 | Report Abuse

so stupid of those selling the shares despitiie Dec 18th, registered for 20 sen dividend per share. many didnt know actually blessing for takaful chopping away unprofitable channel.

Posted by willc48 > 2020-01-16 22:15 | Report Abuse

have both substantial takaful at cheap dirt which will bouch back after CNY