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The market share of Manulife is very small in Malaysia. There are only two ways for expansion: RTO by a larger insurance outfit, or merger with a small or medium life insurance company. Until then, the assets can not be unlocked! In a sense Manulife is inefficient or ineffective in utilising its vast resources. The management has to sit down and brainstorm and find means of improving the financial performance.
10 years ago, the stock price was RM3.70; today it hovers just below RM2. The dividend payouts used to be around 15 to 18sen; but alas, it has been paying a meager rate of 7sen for the last few years! Come on, management, something better ought to be delivered!
price has moved up to 2.04 coupled with high volume of >500,000 units. Quite likely something is happening; hope the management can release some announcements to clarify the matter!
At the present rate of price movement, it doesn't seem to be a normal speculation; the price increase is consistent and planned. There are three possibilities: privatisation by the controlling shareholder; merger with another insurance company; take-over by a third party. Let's watch and see the real reason behind the current play-up. Eventually, the truth will emerge!
