I bought MNRB at 3.10 today. Q below tak dapat, but i believe this company is worth holding. Currently trading below NTA value, somemore always paying to its shareholders a good dividend.Net profit also improving qoq. Have to admit im still new with insurance industry but im expecting a good return for this stock. The only thing i dislike about this counter is due to its coma state or low volume. other than that, 完璧!
Looks whats grahamsun opinion about this ctr.
Not very familiar with this reinsurance industry ! MNRB use to be a blue chip of the insurance company in Msia (only 2 reinsurance co in msia). Still registering losses but the compamy balance sheet quite solvent.NTA Rm 3.9 still a discount to share price Rm 3.10.Insurance industry affected by poor investment return.Going fwd the underwritting margin had improve due to risk adverse !Investment in securities & bond will also improve.The drawback is the safe money like deposits giving low return. Medium term I am positive with MNRB. |
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