sell and move to Bunga Raya..cost almost the same ma.. the diff is, this one, downtrend and no potential in sight, the other one, uptrend and clear business model. Already sold-off everything last week. Maybe will look into this counter again, price below 95c kot.
according to cold eyes , the evaluation of the financials of an insurance company are based on trust.in other words , if you doubt the integrity of the top management ,stay away.
those who subscribed to its right issues last year are still making losses............. as a national reinsurance company, the share price should rebound in stages................... mnrb should start paying dividend like last time.... :)
I bought the stock and hold for 10 years and take a difficult decision to buy its right shares, after all that I did, I still lost 50% of my cost compared with the market price of rm1.05 right now. Is this my fault or is this MNRB's fault or is this PNB's fault. can anyone tell me?
time to buy..... mega projects need insurance, insurance companies will reinsure via mnrb in malaysia particularly as the national reinsurance company in malaysia
The share price will recover with the announcement of its latest quarterly results soon....
MNRB Financial Information Market Capital (RM) : 790.06m Number of Share : 767.05m EPS (cent) : 8.46 * P/E Ratio : 12.17 ROE (%) : 3.01 Dividend (cent) : 0.000 Dividend Yield (%) : 0.00 Dividend Policy (%) : 40 Details NTA (RM) : 2.810 Par Value (RM) : 1.000
* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.
I want to see who dares to shortsell the shares again.
Bursa suspends MNRB's prop trading, short selling as price falls on weak results Ahmad Naqib Idris / theedgemarkets.com
March 01, 2019 15:29 pm +08
-A+A KUALA LUMPUR (March 1): Bursa Malaysia today suspended the proprietary day trading (PDT) and intraday short selling (IDSS) of MNRB Holdings Bhd's shares, as the counter breached its price limit after dropping as much as 21 sen or 16.9% to touch an intraday-low of RM1.03.
In a filing, Bursa Malaysia said the PDT and IDSS activities for the general reinsurer has been suspended for the rest of the day as the counter has dropped more than 15 sen or 15% from its reference price.
"The PDT and IDSS activities will only be enabled the following trading day, Monday, March 4, 2019 at 8.30am," it said.
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Yesterday, MNRB announced that it had incurred a net loss of RM12.5 million in its third quarter ended Dec 31, 2018, compared to net profit of RM36.22 million a year earlier, while revenue retreated 2.6% to RM565.85 million from RM581.41 million.
For the first nine months of its financial year, net profit declined 67% to RM35.47 million from RM107.38 million, while revenue fell 9.3% to RM1.67 billion from RM1.84 billion due to lower gross premiums and contributions from both its reinsurance and takaful subsidiaries.
The weaker yearly profit was because its reinsurance business registered a 91.9% fall in segment profit to RM6.1 million from RM75.2 million, due to higher claims arising from several large losses incurred during the period.
Its takaful business also saw profit retreating to RM29 million from RM31.9 million due to lower wakalah fee received from takaful funds, and its revenue was affected by the non-renewal of some unprofitable business.
The weaker performance in these two segments could not be offset by the higher earnings in its investment holding (which doubled to RM23.1 million from RM10.5 million) and retakaful (a profit of RM2.2 million versus a loss of RM1 million previously) businesses.
On prospects for the remainder of FY19, the group said it does not expect to outperform its previous financial year's results.
At its last traded price of RM1.04 today, down 20 sen or 16.13% from yesterday, the group has a market capitalisation of RM797.73 million.
OTHERS ISSUANCE OF RM320 MILLION SUBORDINATED SUKUK MURABAHAH PURSUANT TO THE SUKUK PROGRAMME OF UP TO RM320 MILLION IN NOMINAL VALUE FOR THE ISSUANCE OF SENIOR AND/OR SUBORDINATED SUKUK MURABAHAH ("SUKUK MURABAHAH PROGRAMME")
MNRB HOLDINGS BERHAD
Type Announcement Subject OTHERS
Description ISSUANCE OF RM320 MILLION SUBORDINATED SUKUK MURABAHAH PURSUANT TO THE SUKUK PROGRAMME OF UP TO RM320 MILLION IN NOMINAL VALUE FOR THE ISSUANCE OF SENIOR AND/OR SUBORDINATED SUKUK MURABAHAH ("SUKUK MURABAHAH PROGRAMME")
We refer to the earlier announcement by MNRB Holdings Berhad (“MNRB”) dated 25 January 2019 in relation to the lodgement and setting up of the Sukuk Murabahah Programme to the Securities Commission of Malaysia (the “SC”). AmInvestment Bank Berhad as the appointed Principal Adviser / Lead Arranger / Lead Manager of the Sukuk Murabahah Programme wishes to announce on behalf of the Board of Directors of MNRB that MNRB has today made its first and full issuance of a RM320 million subordinated Sukuk Murabahah (“Subordinated Sukuk Murabahah”).
The key terms of the Subordinated Sukuk Murabahah are as summarized below:
a) Issue size : RM320 million in nominal value b) Tenor : 10 years but non-callable for the first 5-years c) Profit rate : 5.20% per annum d) Utilisation of proceeds : To fully redeem the RM320 million revolving credit facility obtained from AmBank (M) Berhad
This announcement is dated 22 March 2019.
Announcement Info
Company Name MNRB HOLDINGS BERHAD Stock Name MNRB Date Announced 22 Mar 2019 Category General Announcement for PLC Reference Number GA1-20032019-00098
Mnrb will be liked anorthee Astro , rebound after Q4 results next month..., right issue done, Sukuk rollover no issue, dividend policy 40% of net profit after tax..... dividend is expected as right issue done, profitable and dividend was announced previously, after the right issue, everything is back to normal
high dividend policy 40% of net profit after tax will return... a profitable company, right issue & sukuk rollover done... no capital issue anymore
MNRB Dividend History FY Ex Date Pay Date Type Div (Cent) Details Mar14 26 Sep 2014 29 Oct 2014 First and Final 16.50 Malaysia Stock - Dividend Mar13 26 Sep 2013 28 Oct 2013 First and Final 32.00 Malaysia Stock - Dividend Mar12 02 Oct 2012 26 Oct 2012 First and Final 17.00 Malaysia Stock - Dividend Mar11 30 Sep 2011 19 Oct 2011 First and Final 20.00 Malaysia Stock - Dividend
after a successful right issue, maybe, second bonus will come next too :)
MNRB Bonus/Right Issue History Date Ex Date Transfer Date Type Ratio Details 18 Sep 2018 28 Sep 2018 02 Oct 2018 Rights Issue 7 : 5 Malaysia Stock - Bonus/Rights Issue 24 Oct 2016 03 Nov 2016 07 Nov 2016 Bonus Issue 1 : 2 Malaysia Stock - Bonus/Rights Issue
Business Background MNRB Holdings Bhd is a reinsurance provider as per the retakaful and takaful system according to the sharia law. It provides reinsurance services in the areas of fire, marine, motor, miscellaneous, and family retakaful. The company is also engaged in investment holding business and mainly operates in Malaysia and United Arab Emirates.
while MNRB Holdings Bhd and Chemical Company of Malaysia Bhd (CCM) are performing better. It is coming :) With Zeti heading PNB, the only way for MNRB is to get better and better... fingers crossed
KUALA LUMPUR: Permodalan Nasional Bhd (PNB), which saw a 6.8% in asset under management (AUM) to RM295.2 billion as at Nov 30, 2018, recorded proforma net income of RM15.30 billion for the first 11 months of 2018.
PNB chairman Tan Sri Zeti Aziz said at a media briefing that the strategy forward is to embark on a more robust risk management and assess investments activities taken on a case-by-case basis against the backdrop of a challenging environment due to moderate gross domestic product growth both domestically and internationally.
She noted that it is crucial to have a diverse portfolio ranging from fixed income, equity, financial and real estate, to spread the investment risk.
“We are also looking at investments with recurring income,” she added.
On paring down stakes in strategic and core companies, Zeti said assessments will be made based on the outlook of the industry and the potential of these companies being restructured with organisational transformation.
She said divestments could potentially be made in parts rather than a blanket one.
Malaysian Re From Wikipedia, the free encyclopedia Jump to navigationJump to search Malaysian Reinsurance Berhad Malaysian Re logo.png Industry Reinsurance Retakaful Founded 1973; 46 years ago Headquarters Bangunan Malaysian Re 17 Lorong Dungun, Kuala Lumpur, Malaysia Key people Sharkawi Alis (Chairman) Zainudin Ishak (President & CEO) Revenue Decrease RM1,327 million (2017)[1] Net income Increase RM82 million (2017)[1] Total assets Increase RM3,434 million (2017)[1] Total equity Increase RM1,233 million (2017)[1] Parent MNRB Holdings Berhad (100%)[1] Permodalan Nasional Berhad (Ultimate Parent)[1] Subsidiaries Labuan Re (20%) Website www.malaysian-re.com.my Malaysian Reinsurance Berhad (known as Malaysian Re) is a Malaysian reinsurance company. It is Malaysia's largest reinsurer, commanding more than 50% of reinsurance accepted premium in the country.[2] In the ASEAN market, Malaysian Re is currently the biggest national reinsurer in terms of market presence as well as gross premiums.[3] The company also has a strong market presence in Asia and the Middle East.
Malaysian Re is a wholly owned subsidiary of MNRB Holdings Berhad which is listed on the Main Market of Bursa Malaysia Securities Berhad. MNRB's other subsidiaries include Takaful Ikhlas and Malaysian Re (Dubai) Ltd which serves Malaysian Re's Middle East market.[4] MNRB is one of strategic companies under the portfolio of Malaysia's sovereign wealth fund, Permodalan Nasional Berhad (PNB).[4]
In 2015, Malaysian Re received approval from Bank Negara Malaysia to conduct family and general retakaful business.[5]
Malaysian Re's Insurer Financial Strength (IFS) Rating and outlook of 'A-/Stable' was affirmed by Fitch in Feb 2017.[6]
It is undervalue stock as compared to Takaful... The RI last year was BNM's requirement for MNRB to recapitalise its Life and General takaful business. Moving forwards, results will be improving..
Very undervalued compared to takaful.... it will be catching up fast after Q4 result is released next month... be patient :)
TAKAFUL Financial Information Market Capital (RM) : 4.622b Number of Share : 826.79m EPS (cent) : 35.67 * P/E Ratio : 15.67 ROE (%) : 29.97 Dividend (cent) : 15.000 ^ Dividend Yield (%) : 2.68 Dividend Policy (%) : 0 NTA (RM) : 1.190 Par Value (RM) : 0.200
* Calculated based on the net profit of the trailing twelve months and latest number of shares issued. ^ Total dividend amount declared for financial year ended 2018-12-31.
MNRB Financial Information Market Capital (RM) : 790.06m Number of Share : 767.05m EPS (cent) : 8.46 * P/E Ratio : 12.17 ROE (%) : 3.01 Dividend (cent) : 0.000 Dividend Yield (%) : 0.00 Dividend Policy (%) : 40 Details NTA (RM) : 2.810 Par Value (RM) : 1.000
* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.
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Posted by TheContrarian > 2019-03-05 13:41 | Report Abuse
Added at 0.975 this morning.