Stock Name : MNRB
Code: 6459
Nature of Business: Reinsurance Business, Takaful Business, Retakaful Business and Investment holdings
Low PE (quite consistent earning, earning rebound since 20Q4)
Recorded 7.9 mil net profit in 20Q3 quoted from quarter report due to severe large claim
Dividend - around 3% (missed dividend for FY15-FY18)
Net asset: Price below Net Asset
Debt to Equity: 3.10*
Current Ratio: OK
*higher debt to equity due to nature of business as reinsurer, there are contractual liability which will only realized when claim towards insurer arise
Pseudo-DCF (10%, 10 years period): 1.54-1.76
Technical: 0.88-1.15
Overall: Amber (due to missed dividend)
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