Posted by Jeffreyteck > 2019-10-27 16:14 | Report Abuse

Analysts views divided... no big deal after all is just a guessing game... good luck.

Posted by newbie911 > 2019-10-30 22:48 | Report Abuse

Earning per q over 100mil....is more than even big company like hartalega and topglove. Yet price still keep dropping, any idea?

Posted by Beast > 2019-10-31 10:04 | Report Abuse

Maybe ppl prefer tech stock. All money flow to tech industry.didnt you notice all tech stock come out poor result but price keep up

Posted by GSCIM > 2019-10-31 11:28 | Report Abuse

As I mention early, insider selling will take few weeks. So be patience, support will be around 6.2.

Posted by Up_down > 2019-10-31 14:32 | Report Abuse

Hard to cari makan if we follow IBs analysis. The information below may provide some clues about the quantum of net contributions earned next few quarters.

Net contribution earned for Family Fund
Dec 19 - ???
Sep 19 - 570m
Jun 19 - 433m
Mar 19 - 472m
Dec 18 - 466m
Sep 18 - 408m
Jun 18 - 335m
Mar 18 - 308m
Dec 17 - 303m
Sep 17 - 289m
Jun 17 - 301m

Net contribution earned for General Fund
Dec 19 - ???
Sep 19 - 170m
Jun 19 - 103m
Mar 19 - 129m
Dec 18 - 93m
Sep 18 - 112m
Jun 18 - 103m
Mar 18 - 115m
Dec 17 - 68m
Sep 17 - 85m
Jun 17 - 77m

Posted by Up_down > 2019-10-31 14:54 | Report Abuse

PAT
Dec 19 - ???
Sep 19 - 113m
Jun 19 - 80m
Mar 19 - 96m

Dec 18 - 90m
Sep 18 - 83m
Jun 18 - 50m
Mar 18 - 70m

Dec 17 - 56m
Sep 17 - 48m
Jun 17 - 44m
Mar 17 - 57m


Revenue
Dec 19 - ???
Sep 19 - 753m
Jun 19 - 673m
Mar 19 - 918m

Dec 18 - 702m
Sep 18 - 649m
Jun 18 - 542m
Mar 18 - 746m

Dec 17 - 518m
Sep 17 - 472m
Jun 17 - 485m
Mar 17 - 660m

Posted by Beast > 2019-10-31 19:07 | Report Abuse

Guys what is this ? i dun understand
STMB is seen to be more negatively affected by the adoption of MFRS17 since single premium products make up a large 90%+ of its family takaful business

Posted by GSCIM > 2019-10-31 19:16 | Report Abuse

@Beast MFRS17 is a new reporting standard which will effective as at 1/1/2021. The revenue and profit recognise will be change due to different accounting standard. Actually just more toward on changes on paper and nothing impact on practical. But you will see lesser revenue and profit

Posted by GSCIM > 2019-10-31 19:18 | Report Abuse

But is funny that IB mentioned about it. Cause all insurance company have high population on single premium products. This is what insurance company aim for. Get the cash one off instead of monthly payment

Posted by GSCIM > 2019-10-31 19:18 | Report Abuse

Single premium do not have risk of lapse and higher persistency.

Posted by Beast > 2019-10-31 19:28 | Report Abuse

is that means single premium will divide into 12 months to recognise the profit?

Posted by GSCIM > 2019-11-01 19:52 | Report Abuse

@beast Yes. To be exact is divided by lifespan of policy

Posted by Beast > 2019-11-01 22:18 | Report Abuse

@gscim is this will influence much in profit and revenue? As the other quarter single contribution also divide to other quarter so the earning should be not influence much

Posted by GSCIM > 2019-11-02 18:38 | Report Abuse

@Beast I not sure too. I did ask some Accountant friend. But they not really can answer that unless they work related insurance. MFRS17 only specific for insurance industry. From what I study is - all revenue and actuarial reserve will be divided by lifespan of policy. Therefore, you will see the sharp fall of revenue and profit. But they will also restructure last quarter report for reference.

Posted by Up_down > 2019-11-02 21:29 | Report Abuse

unfavourable upcoming MFRS17 accounting change” as claimed by HL Invest. Is it really the new MFRS 17 impact to insurance company profit and loss? It seems like very very serious issues to insurance company...profit plunging??? Lolz

Here’s the summary explanation:

The presentation of the income statement also changes minorly, but the change is important. Written premiums are not important anymore it is now about services provided. So earned premiums are replaces by service income and service expenses. As the name implies the income and expenses connected to the services which the insurer has provided in the period. Also for the income statement will the specification change largely:

Specification whether the service income and expenses are connected to a service which was delivered in the past, current period or even future period
Just like the balance sheet do we also have to divide the changes of the insurance liability into Fair Value Approach, the Modified Retrospective Approach or the Full retrospective approach / regular contracts.

Posted by Up_down > 2019-11-02 21:43 | Report Abuse

There’s an illustrative example published by IFRS.org in comparison between IFRS 4 and IFRS 17. ....The final profit and loss shows a slightly improvement whereas Revenue plunging due to different basis in recognizing revenue.

https://www.ifrs.org/-/media/project/insurance-contracts/ifrs-standard/ifrs-17-effects-analysis.pdf/
Page 83

Posted by newbie911 > 2019-11-05 22:42 | Report Abuse

Looks like big fund is disposing, bad news coming?

Posted by Up_down > 2019-11-05 22:42 | Report Abuse

Based on HL Invest research report title " In a Bittersweet Spot " on 16 Sep 2019, it mentioned that 'As for its family bancatakaful business, credit-related products growth should taper and normalize from 3Q19 on wards, given contribution from Bank Rakyat on a full-year basis has come to a tail end, coupled with a high base effect ". However, It did not happen. Takaful remains on track of achieving double digits growth.

Family Fund Revenue growth QoQ
30 Sep 19 - 24%
30 Jun 19 - 34%
31 Mar 19 - 32%
31 Dec 18 - 50%
30 Sep 18 - 45%

30 Jun 18 - 8%
30 Mar 18 - 6%
31 Dec 17 - 0%
30 Sep 17 - 5%
30 Jun 17 - 3%

Posted by Up_down > 2019-11-05 22:45 | Report Abuse

Takaful CC, CD and CF are expiring end of this month.

Posted by probability > 2019-11-05 22:49 | Report Abuse

just bought some this week...hope it goes up slow and steady..

Posted by Up_down > 2019-11-05 22:56 | Report Abuse

CE issued by CIMB is expiring end of Jan 2020. Think they will press down the share price again after the QR announcement.

Posted by Up_down > 2019-11-05 23:15 | Report Abuse

Probability. Yeah. Better move up slowly. IBs love to issue call warrants to take advantage of volatility of share price movements.

Posted by probability > 2019-11-05 23:21 | Report Abuse

yeah...i really hope they can capture more market share in indonesia... 264 million will one day be just as good as malaysians...

they have to.

Posted by myone99 > 2019-11-06 21:04 | Report Abuse

CEO is selling..

Posted by GSCIM > 2019-11-07 08:51 | Report Abuse

Lol they selling since March. They got back the share from ESOS with super low price. I wonder who keep collecting the share from directors?

Posted by GSCIM > 2019-11-07 09:58 | Report Abuse

I think takaful need wait until that two warrant expired

Posted by Abba84 > 2019-11-07 10:13 | Report Abuse

Mother dropped so warrnts not moving..typical fr takaful ..buyers kept selling wondrr wen it wil move up..

Posted by GSCIM > 2019-11-07 11:30 | Report Abuse

Is because warrant expired soon. Bank will press down the price. But that two warrants are far in the money. They just try to minimise their loss

Posted by GSCIM > 2019-11-07 11:31 | Report Abuse

After 23/11 only back here observe

Posted by Dakewlest > 2019-11-08 11:46 | Report Abuse

If jatuh below RM6 then beli semula...

Posted by Abang1975 > 2019-11-20 17:06 | Report Abuse

Tomorrow will recover

Posted by GSCIM > 2019-11-21 12:48 | Report Abuse

Not yet. Wait until 29/11

Posted by newbie911 > 2019-11-23 21:48 | Report Abuse

Next week down Rm5?

Posted by gemfinder > 2019-11-26 17:05 | Report Abuse

bought at 5.70. try luck

Posted by Tricolourbritishshor > 2019-11-26 17:11 | Report Abuse

this takaful really messed up my portfolio . and what more frustrating is , there is no obvious reason behind , even with good fundamental ,and prospect .

Posted by Duncan Invest > 2019-11-26 19:39 | Report Abuse

The drop is just because
of two reason. First,current market more prefer other sector like plantation, technology, green tech,packaging, so they simply swap their money to the hottest stock. It is normal when you look at financial sector like HL bank, Public bank or even other insurance stock as well. Second reason is just because of the warrant is expired soon, since there is a conflict interest between issuer and investor, so issuer will keep pressing down the share price until the maturity date. As long as you believe Takaful will keep growing, the best strategy for you is to average down, next support point will be RM5.6, if market environment remain unchanged, I confident Takaful will rebound to RM6 by the end of 2019. Fair value for Takaful right now is RM6.44. Another risk for Takaful is new accounting standard will start on 2021 and it will affect Takaful short term profit on 2021. If your holding power is about 1-2 years, i will strongly suggest you just put Takaful inside your watchlist and do not buy it first as market will over reaction when new accounting standard begin. For long term around 3-5 years, I confident with the grow of islamic market and financial literacy, there will be a strong demand for Takaful products.

Posted by Up_down > 2019-11-26 20:30 | Report Abuse

Big volume is traded in last 5 minutes to panic retailers. It could be another show again stage by IBs tomorrow. Opportunity...

Posted by Tricolourbritishshor > 2019-11-26 20:59 | Report Abuse

thanks for the input . yeah . just averaged down a bit . I'm looking forward strong growth from takaful.

Posted by Tricolourbritishshor > 2019-11-26 21:05 | Report Abuse

anyway duncan , do u think takaful has brand effect in malaysia insurance market ?

brand effects as in , whenever 4WD was mentioned , first thing come to your mind is hilux , and so on for milo in chocolate drink , tvb in HK drama .

from the name of company , i believe takaful is benefited from such effect , as literally Takaful means islamic insurance according to syariah.

Posted by GSCIM > 2019-11-26 21:19 | Report Abuse

If you observe the queuing volume.
There is a huge volume blocking up there everyday. That volume is enough for blocking the price moving up.
4/11 - 3.2mil - 3
8/11 - 1.26mil - 2
19/11 - 1.4mil - 5
I don’t think these volume are retailer with so less people in queue. + EPF selling down.
Let see that volume after 28/11.

Posted by GSCIM > 2019-11-26 21:23 | Report Abuse

If any one wan in for long term, at least wait until this month end

Posted by Tricolourbritishshor > 2019-11-26 21:35 | Report Abuse

yes . after 2pm today suddenly there was total selling volume for at least 3.3M . during morning the was less than 100k .

Posted by Duncan Invest > 2019-11-27 03:07 | Report Abuse

Obviously Takaful is leading Islamic insurance player in Malaysia, another one if not mistaken is Etiqa Malaysia. If you go to Takaful's website and try to subsribe their online insurance plan, then you will know why it can outperform than its peer. Personally I'm not Islam, but i also has Takaful's online medical plan, as it is affordable and easy to apply. And also, the market behind Takaful is not restricted to Malay community, but also other community as well. Back to your question, Takaful obviously has brand effect among Islam community, however for other community like Chinese or Indian, unfortunately they even do not know they can buy Takaful product .

Posted by Tricolourbritishshor > 2019-11-27 08:24 | Report Abuse

from Islamic population alone , Islamic insurance has higher market opportunity due to proportion and population growth. . some universities has appointed takaful as student insurance partner . the recently mysalam is likely to be powered by takaful as well .

Posted by Up_down > 2019-11-27 09:44 | Report Abuse

Effort of yesterday is obviously wasted if the price up in the closing today.

Posted by willc48 > 2019-11-27 14:31 | Report Abuse

EPF as usual is manipulating the share price by buy lower

Posted by willc48 > 2019-11-27 14:33 | Report Abuse

there is no such thing as syariah compliance banking or insurance given globalisation. there are suppy demand investment chain. you think ada halal stick?

Posted by Titan > 2019-11-27 14:40 | Report Abuse

halal stick???

Posted by JacNgu > 2019-11-27 16:33 | Report Abuse

what happened to takaful. bloody halal fool now. fkg EPF selling like nobody money

Posted by Titan > 2019-11-27 16:39 | Report Abuse

Wah lau eh......this morning price is @5.75 and going up......so i butt itchy and go park 5000 unit at 5.67 and put there good till friday. Thought it will never match coz 5.70 support so strong. Mana tau suddenly got a notification and say all matched.........really itchy oh!!!