Wah you very good patience read through everything.. wish you can pick up a tip or two from the great investor there.

LYN forum so powerful meh?

Boon, your previous target 1163 is trending down back... even the last Q is lower the financials still looks solid.

What do you think?

You forgot 1 more 'ha'

should be

hahaha

Insurance sector we must see the 'float' which is the premium received - future claims. This float is what drives the insurance business. Usually underwriting profits are more or less breakeven or have some small gain. It is the float money if they invest wisely is what generates revenue for the company.

Obviously LPI is expert on this as it utilize public mutual to handle most of their investment. And some company is very bad at managing their float like MN*B for maximum gain. Berkshire Hattaways growth is due to their insurance float in which WB has expertly invested. AIA overinvested thier float into toxic products and almost bankrupted.

Just think of float as interest free loans.. to be paid back later and you get the idea. But however these free money can help or destroy a company depending on how they invest it...

This post has been edited by gark: Mar 5 2014, 10:25 AM

Yes those realized gain is what you call underwriting profit. And the money from the pool awaiting for future claim is what you call 'float'. How a company use those money will make or break an insurance company.

MN*B has a float of almost RM 6 / share in their accounts and they chose to invest 98% of it in MGS securities which is yielding 3.5-4% p.a.

I though the new not so conservative CEO can shake things up a bit but still.... might look back later when the price stabilize. So far the 'float' investment is providing them with >60% of their profits...

1163 I have not analyzed their float yet...

This post has been edited by gark: Mar 5 2014, 10:31 AM

Ya kah.. so it was AIG.. but both company also abang adik... investment decision also same?

Hope no one go push up MN*B on it's float size.... cause i just sold.

They sucks at managing their float.. repeat they suck at managing their float.

Dont buy.

This post has been edited by gark: Mar 5 2014, 10:35 AM

Don't see too much stock quote = problem solved.

Sure investigate if you want.. since you in the industry.. go ask why are they managing their money soooo conservatively even EPF also lose.

You can actually download and read what EPF invest in every year one what...

Somehow i think you either working at AIA or 'worked' before at AIA...

No.. it is just that MN*B is investing 98% of thier float into malaysian government bonds earning a pittance, so they are more conservative. EPF invest only 60% the rest in stocks...

Heard those who got MSS during the subprime got very very good severance package.

Means you got good package lor... just saying.

Boon.. looks like CB*P if continue this trend can hit your 4.50 limits

Hopefully tomorrow dont slide down again...

But you gave a target..

This post has been edited by gark: Mar 5 2014, 02:28 PM

Now drop 2 sen laio...

hahaha