Well, it's more than a 200% increase from last year's dividend. I'm not complaining as long as they hold shareholders money to earn more profits and divs for next year...
MNRB Holdings Berhad is currently trading at around MYR 2.22 as of October 2024, after seeing significant growth over the past year. Its stock price has surged by over 130% in the last 12 months. The stock's current price-to-earnings (P/E) ratio is quite low at about 4.02, suggesting that the stock could be undervalued compared to its earnings potential, especially given its strong earnings growth and profitability.
Additionally, with a price-to-book ratio of 0.54 and a return on equity of 15.5%, the stock seems attractively priced relative to its assets. Analysts estimate a potential upside of over 20%, with a price target of MYR 2.70.
If you are considering this stock, its valuation metrics and growth potential suggest it may be undervalued, making it an interesting option for investors looking for growth in the Malaysian market.
Bursa MNRB is a leading provider of reinsurance and retakaful as well as takaful. You would have thought that with a captive reinsurnance market and being a poineer in the takaful sector, the Group would be a roaring success.
While MNRB had been able to grow its revenue at 5.2% over the past decade, PAT only grew at about half the rate. When I compared MNRB's performance with those of the other Bursa insurance companies, I found that it is at best just below the panel average.
There was a run up in its share price a couple of months ago following a very good first quarter result. Unfortunately this was not sustained in the second quarter. So the company is still trading signficantly below its book value.
This article originated from Feb 2024, causing share price to plunge this week. What a joke. Since Feb 2024, its following few quarters had been nothing short of breathtaking. Who is this joker who recycled this outdated article just to drive down the share price?
If you’re poor in management,how do you explain you can chalk up EPS of 57.59 sens & gather 11B in financial assets Why you need to find reasons to justify an underrating of the stock?
How many more fantastic quarters does it take to wake up sleepy Malaysian investors and brokers? Ridiculous PE 4x for insurance companies? Share price should double or triple to catch up with other insurance companies. Malaysian market is just ridiculous.
GLNT, just be patient. The call warrant sellers are suppressing the price of this counter. Over time, it's true value will emerge. Cheers and enjoy the ride!!
When they start to put a TP it’s likely the Fund want to distribute to retailers. Nothing to shout about as dividend already ex. What else somemore for the next 1-3 months that can push the price higher? Moreover Maybank IB cap it at RM2.70. You want to talk about PE, you go and check Allianz PE. Forever single digit PE. MNRB price already run up quite a lot. Not really worth a risk to take at least for me.
Over the same period, the number of registered takaful agents rose 37% to 108,158, from 78,979, with greater industry participation and collective efforts. This was reflected by a higher penetration rate, reaching 20% from 15% in 2015, coming from an enlarged base of family takaful certificates at 6.6 million, up 44% from 4.6 million, with annualised contribution exceeding RM8.97 billion. https://theedgemalaysia.com/node/733255
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Posted by wallstreetrookieNEW > 2024-06-13 15:20 | Report Abuse
This time you are completely wrong. Disagree with everything you wrote