MANULIFE HOLDINGS BERHAD

KLSE (MYR): MANULFE (1058)

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Last Price

2.28

Today's Change

+0.02 (0.88%)

Day's Change

2.24 - 2.28

Trading Volume

99,100

Financial

Show?
Last 10 FY Result
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Revenue 795,876 722,614 685,207 1,269,470 1,508,044 1,380,379 1,366,886 997,846 1,352,636 1,037,342 958,833 1,042,695 -4.55%
PBT 167,836 134,019 113,143 29,851 105,510 45,776 38,389 38,227 41,559 62,282 47,893 49,914 9.51%
Tax -57,652 -40,282 -29,269 -10,939 -18,550 -6,961 -12,244 -11,915 -13,506 -15,819 -12,327 -14,236 8.33%
NP 110,184 93,737 83,874 18,912 86,960 38,815 26,145 26,312 28,053 46,463 35,566 35,678 9.95%
-
NP to SH 111,404 92,175 77,878 18,912 86,960 38,811 26,134 26,251 28,018 46,445 35,542 35,644 9.06%
-
Tax Rate 34.35% 30.06% 25.87% 36.65% 17.58% 15.21% 31.89% 31.17% 32.50% 25.40% 25.74% 28.52% -
Total Cost 685,692 628,877 601,333 1,250,558 1,421,084 1,341,564 1,340,741 971,534 1,324,583 990,879 923,267 1,007,017 -5.56%
-
Net Worth 1,303,636 1,303,636 1,270,716 955,877 954,132 906,589 837,811 819,598 813,527 799,361 777,100 760,911 5.85%
Dividend
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Div - 15,362 15,362 15,138 14,809 14,488 14,165 14,165 16,189 21,248 18,213 20,237 -3.01%
Div Payout % - 16.67% 19.73% 80.05% 17.03% 37.33% 54.20% 53.96% 57.78% 45.75% 51.24% 56.78% -
Equity
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Net Worth 1,303,636 1,303,636 1,270,716 955,877 954,132 906,589 837,811 819,598 813,527 799,361 777,100 760,911 5.85%
NOSH 219,467 219,467 219,467 216,261 211,559 206,983 202,370 202,370 202,370 202,370 202,370 202,370 0.90%
Ratio Analysis
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
NP Margin 13.84% 12.97% 12.24% 1.49% 5.77% 2.81% 1.91% 2.64% 2.07% 4.48% 3.71% 3.42% -
ROE 8.55% 7.07% 6.13% 1.98% 9.11% 4.28% 3.12% 3.20% 3.44% 5.81% 4.57% 4.68% -
Per Share
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
RPS 362.64 329.26 312.21 587.01 712.82 666.90 675.44 493.08 668.40 512.60 473.80 515.24 -5.41%
EPS 50.76 42.00 35.80 8.85 41.60 19.01 12.91 12.97 13.84 22.95 17.56 17.61 8.19%
DPS 0.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 8.00 10.50 9.00 10.00 -3.88%
NAPS 5.94 5.94 5.79 4.42 4.51 4.38 4.14 4.05 4.02 3.95 3.84 3.76 4.91%
Adjusted Per Share Value based on latest NOSH - 219,467
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
RPS 362.64 329.26 312.21 578.43 687.14 628.97 622.82 454.67 616.33 472.66 436.89 475.10 -4.55%
EPS 50.76 42.00 35.80 8.62 39.62 17.68 11.91 11.96 12.77 21.16 16.19 16.24 9.17%
DPS 0.00 7.00 7.00 6.90 6.75 6.60 6.45 6.45 7.38 9.68 8.30 9.22 -3.01%
NAPS 5.94 5.94 5.79 4.3554 4.3475 4.1309 3.8175 3.7345 3.7068 3.6423 3.5408 3.4671 5.85%
Price Multiplier on Financial Quarter End Date
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Date 29/03/24 29/03/24 29/12/23 30/12/22 31/12/21 31/12/20 31/12/19 31/12/18 29/12/17 30/12/16 31/12/15 31/12/14 -
Price 1.92 1.92 1.91 2.01 2.30 2.01 2.48 2.50 3.30 3.02 2.92 3.14 -
P/RPS 0.53 0.58 0.61 0.34 0.32 0.30 0.37 0.51 0.49 0.59 0.62 0.61 0.00%
P/EPS 3.78 4.57 5.38 22.98 5.60 10.72 19.20 19.27 23.84 13.16 16.63 17.83 -12.45%
EY 26.44 21.87 18.58 4.35 17.87 9.33 5.21 5.19 4.20 7.60 6.01 5.61 14.22%
DY 0.00 3.65 3.66 3.48 3.04 3.48 2.82 2.80 2.42 3.48 3.08 3.18 1.57%
P/NAPS 0.32 0.32 0.33 0.45 0.51 0.46 0.60 0.62 0.82 0.76 0.76 0.84 -9.85%
Price Multiplier on Announcement Date
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Date 27/05/24 27/05/24 26/02/24 22/02/23 25/02/22 23/02/21 26/02/20 27/02/19 26/02/18 27/02/17 24/02/16 24/02/15 -
Price 2.30 2.30 1.94 2.07 2.48 2.08 2.31 2.50 3.30 3.05 2.88 3.30 -
P/RPS 0.63 0.70 0.62 0.35 0.35 0.31 0.34 0.51 0.49 0.60 0.61 0.64 -0.35%
P/EPS 4.53 5.48 5.47 23.67 6.03 11.09 17.89 19.27 23.84 13.29 16.40 18.74 -12.78%
EY 22.07 18.26 18.29 4.22 16.57 9.01 5.59 5.19 4.20 7.52 6.10 5.34 14.64%
DY 0.00 3.04 3.61 3.38 2.82 3.37 3.03 2.80 2.42 3.44 3.13 3.03 1.96%
P/NAPS 0.39 0.39 0.34 0.47 0.55 0.47 0.56 0.62 0.82 0.77 0.75 0.88 -10.02%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
2 people like this. Showing 50 of 56 comments

selinelow

0.15? where the source from?

2013-03-21 09:01

reachabbler

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1233157

2013-03-21 09:18

reachabbler

Lets see how PRS business going to boost the company performance.

2013-04-26 10:29

reachabbler

Metlife, Manulife said to bid for Malaysia AMMB life insurance unit
http://www.reuters.com/article/2013/05/09/malaysia-ammb-idUSL3N0DQ0XA20130509

2013-05-10 00:07

reachabbler

TP RM4.00

2013-05-14 14:01

June Ng

what is the intrinsic value?

2013-07-23 11:03

newbiestock

mnrb BETTER

2013-07-23 11:04

Kian Leong Lim

Asset growth tallies with liability growth and roe is down. This shows the company has not been very effective in improving efficiency. the other reason may be the company has too much competition in the local market. Asset management is a good field but how to enlarge the company's market share in the insurance business posses a big challenge for the company. As for the lending business, I am neutral on this area.

2014-11-18 12:33

Kian Leong Lim

(1) They have to buy things that people don't want, (2) Make Improvement On It, (3) Use more market ways to grow their business.

2014-11-18 12:38

retnam

This Co is a puzzle. The management has succeeded in driving profits (quarterly) to less than a third despite acquiring asset management business. Asset management is a fee-based activity where the asset manager i.e. Manulife gets income irrespective of which direction the market goes.

I hope the head office sees the absence of quality among the top management & gets rid of them. They know how to make impressive statements in the annual report which is a mere Public Relations nonsense to hoodwink the shareholders. We want to see them earn their keep by sustaining & improving profits.

2014-12-21 05:51

retnam

Get rid of them before it's too late!!

2014-12-21 05:52

retnam

Extracts from the latest quarterly :-

"A holistic customer-centric approach will be taken in our forward thinking solutions designed to help our customers’ most significant financial decisions. We will offer a range of innovative ...blah, blah, blah" - Sounds like hogwash to me

"Barring any unforeseen circumstances and the change in MGS yields, the Directors expect the
Group’s performance to remain satisfactory in the current financial year ending 31 December 2014" - Huh? Did I miss out something? Seems out of whack when profits compared to corresponding previous quarter fell more than 73%!!

2014-12-21 06:00

retnam

Share price is tanking. Investors have spoken.

Will the parent co just sit by the sidelines & watch the co slide? or
Will it take the bull by the horns & implement major changes to halt the decline?

2015-01-12 09:30

gungho92

i think they are underwriting losses... their source of income from investments is the reason they still can survive... oh no....

2015-04-22 15:23

sheldon

The latest quarterly results show no top-line growth. The net profit however increased not because of management capability but due to luck. The large increase in MGS yield caused a reduction in contingent liabilities.

In summary, the management is inept and the major shareholders seem to allow it to drift into oblivion. How long do they want to wait before taking any action? Take the bull by the horns - do something!!

2015-08-25 10:29

sheldon

Another pathetic performance. It's on the long slide downwards. Dividends are dwindling. What I'll do is that I'll boost up my yield with the door gifts and free food at the AGM haha

2016-02-25 10:50

ivan9511

hi guys , someone still at manulife, can I know why I cannot see any dividend info ?
on 24/02/2016 manulife declare 9 sen dividend right ?
still havent proceed or cancel dividend ?
please help guys
thanks

2016-04-08 03:12

sheldon

Look at the announcement titled "Others".
Note that dividend is only contingent upon approval at the AGM by shareholders.

2016-04-08 09:14

ivan9511

thanks sheldon , I understand already , need to wait AGM declare now still under proceed ?

2016-04-08 21:19

sheldon

At the recent AGM, the chairman was impatient & was trying to bulldoze the accounts deliberation. That's not right as shareholders only has a once a year opportunity to grill the board.

Shareholders are concerned over several issues including the declining share price & dividends. The fact that the investment was written down soon after acquisition which smells a rat.

MSWG raised the issue that one of the directors did not attend 3 out of 5 board meets and was not present at the AGM was seeking re-election. A few of us was put our hands up opposing to his re-election. However there were several old folks who were just pleased to be treated nicely in a pleasant surrounding, with an umbrella as a door gift and a spread of food who blindly like zombies supported his re-election. MSWG also noted that there was a director who did not attend the past 2 AGMs as well as the current. It gives me the impression that their presence in the company was merely to carry the title "director", collect fees and eat popiah at meetings. I hope that the parent company notices these red flags & do something about it.

2016-05-22 10:02

shareinvestor88

Sell this TP 50c

2019-07-10 23:43

Jeffreyteck

Regulator simply approved directors including lazy director? Anyway, many directors are there just to collect easy $.
First time drop by here, wonder it is the right entry point now. Will consider at around 2.20.

2019-10-01 11:20

Jeffreyteck

In case you or family members had bought investment linked insurance products, always ask the insurance company or its agent (better in black and white) on the annual premium that you need to pay at various stage, eg. at age of 55, 60, 65 etc, then you can know how much to pay when you are old and judge whether you still can afford then before it is too late. Wish no body is mislead.

2019-10-01 11:21

shareinvestor88

Poor rezults sell TP 50C

2019-12-01 15:16

kereta

Macam ppl want insuran for covid

2021-02-23 19:46

investortrader88

Got some tickets this morning.good luck guys.

2021-09-09 11:04

investortrader88

https://www.theedgemarkets.com/article/manulife-holdings-1q-earnings-fall-rm1m-lower-life-insurance-profit

2022-05-31 19:43

investortrader88

I will continue hopd my tickets average price RM2.40.good luck guys

2022-05-31 20:13

Najib Zamry

for those who has missed out MNRB, Manulife is trading even at huge discount against NTA with p/e less than 5
The dividend yield around 3.25 %.

2024-02-27 13:42

Moratorium

Wow, this MANULIFE and MNRB like going head-to-head...Huat ar

1 month ago

Najib Zamry

If someone has followed my buy call 2 months ago

1 month ago

Moratorium

Bro, any other recommendations?

1 month ago

Najib Zamry

It is time to look at Kawan now

1 month ago

Moratorium

Wow, this counter has just sprinted past MNRB and results haven't even been announced yet.
Should be very very good news coming

1 month ago

Albukhary

RM3.00 should not be a problem.

1 month ago

Invest_888

Insurance businesses become booming sector now esp the earning is a few hundred % better than last year. No wonder Warren's Berkshire keep on buying insurance business.

https://www.cnbc.com/2024/05/15/warren-buffetts-berkshire-hathaway-reveals-insurer-chubb-as-confidential-stock-its-been-buying.html

1 month ago

Najib Zamry

Accumulate more today cheapest insurance company in town

1 month ago

Bitgold

Try to make a simple compare with takaful. LPI.. Allianz in EPS.. NTA.. Share price

3 weeks ago

Bitgold

Will shoot over Rm3. 00 within 6 month

3 weeks ago

StartOfTheBull

Flourishing of digital centers and other foreign investments create more jobs, so very likely more medical insurance and takaful to be sold.
Share price of Manulife cannot simply be compared to its share price two years ago, because its NTA has increased by 33% from year 2022.
NTA as at 31st March 2024 RM5.94
NTA as at 31st March 2022 RM4.48

3 weeks ago

StartOfTheBull

Truly the cheapest insurance company in town for now.

3 weeks ago

Bitgold

This counter will break Rm3. 00 soon... Try compare with LPI.. TAKAFUL.. ALLIANZ.. EPS.. NTA.. ROE

3 weeks ago

Najib Zamry

Cheapest insurance company in town p/e 5 , Nta 5.25 trading at huge discount

2 weeks ago

willc48

betting on manulife p/e 5 is good & steady

2 weeks ago

Najib Zamry

Dividend Rm7 sen per share announced ex date 01/07

2 weeks ago

Bitgold

Manulife vs LPI... NTA. EPS... Share price.. Then will know which counter to buy

1 week ago

NCC00000

guys, new learner here. Want to ask, if hold share before ex dividend date, i still eligible if i sell the share before the record date?

1 day ago

Moratorium

Nope, you won't get your dividend if you sell before ex-dividend. The earliest you can sell and and get the dividend is on ex-date, i.e. 1st July in this case but you need to note the market price will likely be adjusted on 1st July anyway

1 day ago

StartOfTheBull

Why want to sell cheap at RM2.21 or below on Monday for an undervalued company? Although price usually ease on ex dividend day or few days after.

1 day ago

NCC00000

I see. Thanks sifus :)

4 hours ago

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