Yes, agree with John. If u look at the volume sold by PNB and its units, it's not much compared to their total holdings. Also they are only selling around the 140 level. Probably they don't want it to go too high anyways, if they have plans for this company...
Good choice, just hold tight for the dividend announcement coming in 2-3 months time. From the good performance last year, I'm thinking should be in the range of 5-6 cents. Anything more is a bonus.
Super undervalued stock with PE 5 + only while PE for all other insurance company is 10 or above !!! It made a solid net profit of $190m or EPS of 24 ct !! Based on PE 10, its S.P.should be $2.40 !!! Based on PE 15, its S.P.should be $3.60 !!!
Is final dividend to be announced this month? Many PNB/ASB listed stocks are down considerably in value since the start of 2021 . Will MNRB which is about 57% owned by PNB/ASB increase dividend payout to shore up the funds’ performance? Afterall , MNRB has the means to do so .
4sen final + 3 sen interim paid = 7 sen for FY ending 31/3/21. . DY is 5.4% based on last Friday closing price of $1.29. I am happy to continue holding this stock .
the 3 cents is interim dividend for financial year ending 31/3/2021 the 4 cents is final dividend for financial year ending 31/3/2021 it is same financial year so should be added up
MNRB Holdings Berhad, an investment holding company, engages in the general reinsurance, takaful, and retakaful businesses in Malaysia and internationally. It offers general reinsurance, and family and general retakaful services; family takaful products, including investment-linked products; and general takaful solutions comprising motor and non-motor general takaful protection products. MNRB Holdings Berhad distributes its products through agents, brokers, financial institutions, motor franchise holders, and co-operatives, as well as a digital platform. The company was formerly known as Malaysian National Reinsurance Berhad and changed its name to MNRB Holdings Berhad in April 2005. MNRB Holdings Berhad was founded in 1972 and is based in Kuala Lumpur, Malaysia
Full name ; MNRB HOLDINGS BERHAD
Symbol & Code : MNRB ( 6459 )
Sector: FINANCIAL ( INSURANCE )
@ CASH & SHORT TERM INVESTMENT RM 115.8 MILLION
+ RECEIVABLES RM 540.9 MILLION
- DEBTS RM 320 MILLION
= NETT CASH RM 336.7 MILLION
@ LONG TERM & OTHER ASSESTS RM 9.1 BILLION
@ PE 5.2 ( 3 /9/2021 )
@ NTA RM 3.35
@ EPS 23.67
@ ROCE ( 2.6% LAST YEAR ) / ( 4.7% 3 YEARS AGO )
@ SHARE PRICE LOWEST RM 0.50 YEAR 2020 / HIGHEST RM 5.93 YEAR 1996
@ BONUS ISSUE ONCE ON NOVEMBER YEAR 2016 ON THE BASIS OF ONE ( 1 ) BONUS SHARE FOR EVERY TWO ( 2 ) EXISTING ORDINARY SHARE OF RM1.00 EACH IN MNRB SHARES
@ DIV YEAR 2011 TO YEAR 2016 DIV 12.69 % - 24.62 %.YEAR 2015 - 2019 NO DIV.YEAR 2020 DIV 1.92 %
@ MARKET CAP RM 994.5 MILLION
@ SHARES ( MIL ) 783.09
@ Year 2017 revenue RM 2.5 billion * profit RM 70.2 million
@ Year 2018 revenue RM 2.5 billion * profit RM 136.8 million
@ Year 2019 revenue RM 2.3 billion * profit RM 96.3 million
@ Year 2020 revenue RM 2.6 billion * profit RM 132.7 million
#Dislaimer : Not a buy or sell call.Trade at your own risk . For investment advice kindly refer to your investment bank or your remisier.Thank you.
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....
Greenhorn993
3 posts
Posted by Greenhorn993 > 2021-06-24 15:06 | Report Abuse
Thanks John for sharing your knowledge and wisdom. Much appreciated