Date of Report: October 2, 2024
Broker: CGS International
Company Overview
MNRB Holdings Berhad is a leading reinsurance and takaful company in Malaysia. The company operates in the insurance and reinsurance sector, providing risk management solutions through conventional reinsurance and retakaful offerings. Its primary subsidiaries include Malaysian Reinsurance Berhad and Takaful Ikhlas.
Technical Analysis
As of October 2, 2024, MNRB Holdings has demonstrated a steady performance, with its stock price rising from the entry price of RM2.360 to RM2.420. This gain has placed the stock in a profitable position within the actively managed portfolio.
Stock Position
- Entry Price: RM2.360
- Current Price: RM2.420
- Stop Loss: RM2.160
- Target Price: RM2.54, RM2.62
Investment Strategy
MNRB Holdings holds 8% of the actively managed portfolio, with 42,300 shares. The stock has shown positive price movement and continues to be marked as a “Buy.” Investors are encouraged to maintain their positions as the stock approaches its target price levels. The stop-loss is set at RM2.160, providing a risk management mechanism to protect against potential downside movements.
Performance Overview
As of the report date, MNRB Holdings has posted a profit of 2.5%, equivalent to a gain of RM2,538. The positive performance reflects the stock’s steady upward trend, and it remains a solid pick within the portfolio, with expectations for further gains.
Conclusion
MNRB Holdings is showing encouraging performance, with steady gains and promising short-term targets. The stock continues to present a favorable investment opportunity, supported by technical indicators and solid fundamentals, making it a valuable component of the actively managed portfolio.
