Normally a company make huge profit you can see the company cash in bank increased a lot... look at Harta, Supermax, Kossan, MPI all make huge money with. 1000 millions of cash in Bank..... just dont understand this company profit goes where ....
@George Ngc cause MNRB is an insurance company and insurance co re-invest their profits into equities and fixed income assets. This is also the reason why Warren Buffett loves the insurance industry so much. Almost unlimited supply of money from life and motor insurance and then funnel all the profits and investment returns into buying up more assets.
MNRN took Panadol already... the heat gone no more fever ( Hot Stock ) already.... Back to normal life trading volume drop , Supply more than demand....drop drop drop continue drop for 6 days.... So dont compared with others insurance stock price Takaful, LPI, Allianz .......
Can you explain why you think that the profit is not sustainable? Because from what I can gather, the company can keep the momentum going for their non-life business
You were right about Top Glove losing market share to China and Serba Dinamik being a complete fraud but wrong on Dayang's impairment losses in 2022, Alam/Perdana Petroleum back in 2013 as well as Genetec. So will you be right this time on MNRB?
Chung's comment on Lagenda Chung "買Lagenda的股票有風臉嗎?我覺的有一定的風臉就像玩三張,你拿了一張K牌,笫二張牌拿了一張3点牌,笫三張牌是一張3邊的牌,如果3邊牌是6点或是七点你就嬴錢,不然,一个不好運是8点那你就輸完" English Translation: s buying Lagenda's stock risky? I think there's definitely some risk. It's like playing a three-card game. You draw a King for the first card, a 3 for the second card, and a card with three edges for the third. If the card with three edges is a 6 or a 7, you win money. Otherwise, if you're unlucky and get an 8, you lose everything."
gambling addict 100%. Zero deep dive analysis from his bearish commentary. Using gambling analogy (using card game as an example LOL) to describe holding a stock.
You know what Chung? At least I enjoy watching people make money. And I own stocks that I talk about on public forums. You, on the other hand, enjoy watching other's misery and downfall
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....
danchong
502 posts
Posted by danchong > 2024-05-20 11:45 | Report Abuse
According to the last QR, Financial and other assets RM11,412,544.