MNRB Holdings Berhad (MNRB)
MNRB’s wholly own subsidiary company Malaysian Reinsurance Berhad has obtained excellent ratings from A M Best and Fitch Ratings some time ago. This will go a long way to promote significant growth for the company locally and abroad.
MNRB has 30 years of success in the country. It is one of the best dividend counters in Bursa Malaysia. Recently it paid an interim dividend of 15c tax free. I expect the final dividend to be not less than 25c tax free.
Chart-wise, its weekly bar chart shows a steady uptrend since 2003. Last Friday it closed at 4.32. It was well supported at the 4.20 level. The stock is a value buy at this price.
To learn more about the company, click here.
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