I saw the annual report directors , all their face like sleepy lazy faces. Look like all uncompetent , EVEN THOUGH NOT QUALIFY TO BECOME OFFICE BOY , WHY ARE THE PNB EMPLOY THEM TO MAKAN GAJI BUTA.
Last year 2.5 sen got follow 50-75% dividend policy?
pchong I had written an inquiries mail to the company and their reply regarding the dividend payout policy was up to 75% profit after tax. That mean MNRB might paying 50-75% profit for dividend this year. Let took medium range of this year dividend 16cents x 65%=10.4 cents. Dividend yield 12.5% based on current price. So, the conclusion is the stock price still have plenty of room to up ,reasonably TARGET price is RM2.05. 22/08/2020 9:42 AM
Dividend will be declared subjected to BNM approval. MNRB will submit the dividend proposal after the annual report. It is in the process, should be able to announce before the AGM next month.
MNRB share price should increase substantially if it starts paying decent dividend.
It had published in 2008 a policy to pay dividend of up to 75% of its annual profit but in the last 4 to 5 years it had only paid a single dividend of 2.5 sens last year, although it made profits every year.
The issue of dividend payment is not on the agenda for the forth coming AGM.
This is quite ridiculous and the company should be engaged on this issue.
As the dividend is still pending on the BNM's decision, as such, company will only publish it once the approval is granted. It will need to be approved by shareholders in the EGM. Just like last year, the dividend was approved during the EGM but not AGM
Hi guys n gals. There are some some excitement news going to announce soon. 1 of them you guys probably know was the possible of dividend announcement (either by cash or share). The board has announced / disclosed (but may not committed) to distribute at least 50~75% profit as dividend. Given its latest EPS of 16sen, with 60% pay-out, 10sen dividend is already on the card before AGM ! With this, we expect the share price will continue to trend higher toward RM1.50 or 6.7% dividend yield. It is still reasonable given many other traditional blue chips had declare lower or even no dividend. Secondly and most importantly, the recent surge in the price could due to a possible securing a new insurance business, tie up with a financial institution in Malaysia. This will enhance its future profitability and sustainability of the dividend payment to shareholders. Being the country's biggest re-insurance company in Malaysia, I believe the new and additional business tie-up will augur well its future profitability. Thirdly, I believe the recent change in Board member will also bring in more insurance business. Valuation wise, this counter is still very undervalue given its low PE of 5x, with high asset backing of RM3 per share, plus the recent 7~10% sustainable dividend yield. If you guys still looking for counters (other than glove / healthcare or IT which surged strongly recently), MNRB could give you a better investment choice for you to sleep well at night.
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....
bhullar_1972
49 posts
Posted by bhullar_1972 > 2020-08-24 11:52 | Report Abuse
end of this week will announce quarterly result and hopefully the final dividend payout for last year.