ENTITLEMENT NEWS COMPANY NAME MNRB HOLDINGS BERHAD STOCK CODE/SHORT NAME MNRB/6459 ANNOUNCEMENT DATE 30 May 2008 SUBJECT Dividend Policy Announcement
REMARKS The Board of Directors of MNRB Holdings Berhad ("MNRB") is pleased to inform that MNRB has adopted a dividend policy as follows: "The Company will pay the Shareholders a consistent gross yearly dividend of between 40% to 75% of its net profit for that financial year subject to various factors including availability of cash reserves, maintaining acceptable level of gearing, return on equity and retained earnings, and other requirement to retain cash for future expansion and/or investments." This announcement is dated 30 May 2008
Once institutional funds e.g. EPF, KWAP, etc masuk dan beli from the open market.... naik terus... pending analyst buy call after Q4 results .... sabar jer
“A showcase of all PNB’s strategic companies also allows the public to see the strength of the companies that they invest in through their unit trust holdings with Amanah Saham Nasional Bhd, such as Amanah Saham Bumiputera and Amanah Saham Malaysia,” he said during his opening speech.
“We hope that through this effort, unitholders and the society at large will gain [from an] enhanced awareness of the correlation between risks and returns.”
MSAM 2019’s corporate partners are Malayan Banking Bhd, Sime Darby Plantation Bhd, S P Setia Bhd and UMW Holdings Bhd in the “Rakan Premier” category.
Sime Darby Bhd, Projek Lintasan Kota Holdings Sdn Bhd, MNRB Holdings Bhd, Takaful Ikhlas Bhd, MIDF Bhd, Sime Darby Property Bhd, Perodua and Heitech Padu Bhd are partners in the “Rakan Utama” category, while Duopharma Biotech Bhd, Velesto Energy Bhd and CCM Bhd in the “Rakan” category.
First held in 2000 by PNB, the annual MSAM has attracted 3.8 million visitors to date.
MNRB Holdings crossed the RM0.955 level in its latest session. With a healthy RSI level, a bullish bias may be present above this mark with a target price of RM1.08. Meanwhile, it may continue moving sideways if it falls back below the RM0.955 mark in the near term. In this case, the immediate support is anticipated at RM0.90, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on further rebound above RM0.955
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]
Mnrb, dark horse this year... mega projects revival... insurance is a must... insurance companies will use mnrb for reinsurance purposes... cannot telan semua Risiko haha
Last Budget it was announced that income tax rate for reinsurance business be reduced from 24% to 8% effective from 2019. This ought to be reflected in the coming QR.
PNB: No of Shares Held After Changes: Direct : 100,556,000 shares (13.1090%) Indirect/Deemed Interest : 0 shares (0.0000%) Total : 100,556,000 shares Remarks: You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com Submitted By: 02/11/2018 07:00 AM
YAYASAN PELABURAN BUMIPUTRA: No of Shares Held After Changes: Direct : 0 shares (0.0000%) Indirect/Deemed Interest : 100,556,000 shares (13.1090%) Total : 100,556,000 shares Remarks: You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com Submitted By: 02/11/2018 07:00 AM
AMANAH SAHAM BUMIPUTRA: No of Shares Held After Changes: Direct : 334,215,100 shares (43.5710%) Indirect/Deemed Interest : 0 shares (0.0000%) Total : 334,215,100 shares Remarks: You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com Submitted By: 02/11/2018 07:00 AM
ECRL, Bandar Malaysia, HSR, other big infra projects involve insurance.... insurance companies will pass some risks to reinsurance company like MNRB ......... MNRB is a monopoly biz in malaysia
these 3 institutions controls 70%+ of mnrb,,, after right issue last year and the company is back to normal, expecting dividend payout this year as mnrb is already profitable and these funds need cash to pay their unitholders :)
RM3 not possible because the share capital has more than doubled after the recent rights issue. It will be a slow climb because market sentiment is presently weak unless they declare a dividend soon. Funds will then start buying. Anyway at below RM1 it is a buying opportunity if you have excess funds.
just note guys it is based on the weighted average 487 mil shares.. in the new financial year 60 mil profit would be based on 767 mil about 8 sen .and if this continued it would be 32 sen annualised and that is not bad on any measure. counter is cheap.. as contrarian said it will be the div that would boost price
Money is there and is substantially invested in government securities (bonds) to earn interest, value of investments which includes government securities shot up from RM6.3 billion to RM7.2 billion over the 12 months.
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....
129055444514385
8,271 posts
Posted by 129055444514385 > 2019-04-24 10:36 | Report Abuse
very clear dividend policy too
ENTITLEMENT NEWS
COMPANY NAME MNRB HOLDINGS BERHAD
STOCK CODE/SHORT NAME MNRB/6459
ANNOUNCEMENT DATE 30 May 2008
SUBJECT Dividend Policy Announcement
REMARKS
The Board of Directors of MNRB Holdings Berhad ("MNRB") is pleased to inform that MNRB has adopted a dividend policy as follows: "The Company will pay the Shareholders a consistent gross yearly dividend of between 40% to 75% of its net profit for that financial year subject to various factors including availability of cash reserves, maintaining acceptable level of gearing, return on equity and retained earnings, and other requirement to retain cash for future expansion and/or investments." This announcement is dated 30 May 2008