Most of the stocks continue pare down loss, sign of relief. Sometime, panic selling is worse decision, if stock have good fundamental support, like high dividend yield, low PE, support by NTA, we should hold on it while waiting for market to calm down.
First quarter financial result just out. Made 18.1 sen, much better than the previous quarter. Those who have bought MNRB shares stand to make huge gains next week.
MNRB Holdings has turned in impressive financial results in 8 of the past 10 years. Only during financial years ended 31/03/09 and 31/03/10 did its earnings per share dip below 40 sen. The company was nevertheless profitable during those two years. Its average earnings per share over the 10 year period was 47.6 sen. Funny thing is this company is not recommended by most investment banks and its largest shareholder has been selling MNRB shares for the past one year. Selling seems to have stopped for several weeks now.
fishbone, i agree with you and have been holding for this counter for 3 years, i believe in this hidden gem and will wait for it to perform like Takaful Malaysia.
IN year 2008, net profit is around Rm170 million. and in year 2009, net profit drops to 26 million. Why is that? If you know the answer, then mostly you know why investor don't like this share.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
hng33
20,490 posts
Posted by hng33 > 2013-08-28 12:24 | Report Abuse
cherry tomato
I think it will be unwise to sell now at loss. Since the dividend 32sen is going to declare soon + Q1 result, lets just wait for it to announce first.