Manulfe has reached RM 3.70 – we still recommend a hold

From its non mandatory GO of RM 3.20 we already suggested it should worth beyond that. After quarters of dividend since its GO, the stock price continue to climb. We believe Manulfe is to do better for years to come. We continue favour this stock but recommen a long term hold. But if someone come and buy it up to ridiculous PE, we will sell.