“calvintaneng
INSAS OK LAH

TRAP IS GOOD LIKE BEAR GO CAVE HIBERNATE
LATER COME OUT STRONG STRONG HOR…”


Hi Uncle calvintaneng, welcome to my blog, but please promote Palm Oil somewhere else, as you are like honey to the bee's, and attracting the mouse to your Palm Oil promotion…no offense intended. Tq
Note: I am very much interested in Southern Johore properties investment; might learn something from you. I almost moved my base to near JB second link, near Tuas, Pekan Nanas, Pasir Gudang or Mount Austin/Ulu Tiram area before the C19 strike..

“leno
correct lor
do not get TRAP…”


Ya lor, the gist of the article is Sslee and BLee already un-trap (not blowing horn), only the zero cost portion trapped and let the profit run..kambenggg 60.000, Insas cantek. Happy Trading and TradeAtYourOwnRisk

Many thanks for all the healthy comments and stay ‘prosperous and healthy onwards…

I believe Cash is King, Insas main business is Cash generating Cash (Stock broking/investment and leasing), only the turn around is not fast enough. Investment in FD gives around 3% per annum, around 6% with EPF and around 7% with REIT..if Insas to give dividend higher than 2.5%, the Cash return needs to be higher, in my humble opinion.

“leno
correct lor do not get TRAP like ah tong or LENO…or keep 1 share, so that when INSAS reach RM 60 RINGGIT all insas shareholders can laugh at u mar ....”

I have traded during the last RPS RI, selling Offer Rights, 80% of mother shares close to a Ringgit and balance becomes zero cost. (Will find time to dig out the traded record for sharing). Hopefully, will only be trapped until close to NTA; will consider ‘untrap’..
Happy Trading and TradeAtYourOwnRisk

“Income
Posted by TheContrarian > Feb 9, 2024 5:12 PM | Report Abuse

Why Insas closed red?

….
Because Insas = Into Saving Account Swiftly.
No hoping and hoping.
See Rm, take Rm first.
That’s why Insas is Red.”


Red before dragon (龙Lóng) year will follow with red red packets from Insas in 2024..Wishes All A Happy Healthy Wealthy 龙 Lóng Year 2024.

“Musang King
… What if Fintec Shares never go back to above RM3.30 a share at all thus rendering Fintec ICPS all useless. Do you think so like me, BLee?”

@Musang King, not really useless as 0.783B buying bids at 0.005 available if willing to sell. Last few days, close to 0.3B just did the selling. As those invested during ICPS RI, there are many opportunities to sell, then.
Please refer to latest Profile for Securities of PLC, Link: https://www.klsescreener.com/v2/announcements/view/3283247 , and after Consolidation if happen, will be revised. At that particular time, paying 8 sen will get 1 ICPS and 5/4 Warrant C. We never know what the current price is, then. The 5/4 Warrant C is the sweetener, and could have been sold with definite gain.
Upon maturity, this 8 sen will be used as calculation for the auto convert. Therefore the question of 8 sen x 30 equal Rm2.40 or RM2.40 x 11/8 equal RM3.30 for auto conversion is irrelevant for whatever present buying price currently..definitely not useless. As I always mentioned, TradeAtYourOwnRisk, is the calculated risk we take at that particular point of time; like buying at 0.005, after Consolidation if it happens, will be 0.15. Price/value will be inversely proportional with the Consolidation value..I am still learning, wonder what will happen to this 8 sen or RM2.40 or RM3.30 upon conversion with cash/auto conversion and/or any other method?? Time will tell.

"surewin111
Please consolidate 30 : 1 l love it. Hehe"

Each person has they's own choice, like I love to drive a Kancil and you love to drive a Ferrari..haha

"5354_
Maybe consolidation is good for those who bought much higher price. People like BL Lee who buy at 0.5 sen can sell at 1 sen to make 100% cannot have such chance after consolidation."

@5354, buying at 0.5 sen is not that easy (jump queue over 1 billion shares) and selling at 1 sen has to queue behind many million shares, so far not successful. I prefer holding 30 time's more shares; therefore I disagree with the Consolidation.

"5354_
Why disagree? You long term shareholder?"

I am not a long term shareholder, and will sell at every opportunity as shown with the recent spike of AGES-PA, selling some at 1 sen and not a successful queue at 1.5 sen. We never know what the direction of shares and needs to hold for how long, that makes share investing interesting…still learning, remain TradeAtYourOwnRisk

“Musang King
This ICPS issue is a very tricky and ambigious scenerio for the future . After Consolidation, if ICPS holders are still holding them till expiry date, they need to top up RM0.90 to get a unit of Fintec share after surrendering one unit of ICPS worth RM2.40. (RM0.08 x 30) That's very expensive”


@Musang King, I prefer to use maturity for ICPS rather than expiry, as like FD maturity, you get interest $ (some ICPS entitle for Dividend) plus principle $ upon maturity. Warrants expiry will NOT get anything in return as usually given free (only reversal in accounting shown in the consolidation proposal report). ICPS auto convert and do not need to add any $. Each ICPS pre-payment after Consolidation is already equal to RM2.40. ICPS during Right Issue already “deposited” $, in my case getting 0.005 for a pre-paid of 0.08 and upon Consolidation getting RM2.40 (actual paying 0.005 x 30 equal 0.15). The only question is how much is the worth of 1 Fintec price upon maturity?? I am still learning what is the best method of getting better return from ICPS investment; time will tell.
Happy Trading and TradeAtYourOwnRisk

I also disagreed with the Consolidation..Fintec-PA also needs to go through EGM deed poll for ICPS Consolidation approval, much easier for rejecting this Consolidation (not very sure)..

咸鱼翻身?? (Literally meaning Salted Fish Flip Over - Change of Fortune)
Link: https://www.klsescreener.com/v2/announcements/view/6335533
Net Profit arising from the disposal of quoted securities by FINTEC Group
(The disposal of the quoted securities as announced were made within the period from 20 December 2023 to 31 January 2024) - 1,532,687.79
Most penny stocks invested by Fintec show signs of reversal??
Happy Trading and TradeAtYourOwnRisk

"Musang King
After Consolidation Announcement, the reaction from Fintec shareholders are 83% against and 17% support based on the Numbers of Shares traded between 0.005 and 0.01 sen today"

@Musang King, if you ignore before 9:37, there is only 3 trades at 0.005 including the last trade. This can be observed as the 'panic selling taper off..let see what will happen when the next QR out by end of the month. The profit most likely better then the previous.. TradeAtYourOwnRisk

@Musang King, very good observation. I have just posted my Humble Opinion and method to collect "toilet paper" at 0.005; so far quite successful. You needs to open minimum 2 screen to see the bids; cancel the order if the seller cancel the sell order.. so far quite successful. You also must observe how many sellers and the volume. The link: https://klse.i3investor.com/web/blog/detail/BLee_Fintec_Group/2024-02-02-story-h-189346541-Fintec_Consolidation_Pros_and_Cons
Happy Trading and TradeAtYourOwnRisk

"Sslee
If only Insas pay better dividend then most likely Market will value Insas as Bank FD.
A 10 sen dividend with FD rate of 3% will be value as RM 0.1/0.03 = RM 3.33"

@Sslee, we can't really compare FD rate with Stock Dividend; let say we put 1k for a year at 3% interest as FD, we will get 1.03k after 1 year whereas an investment of 1k (let says ex-Dividend still price unchanged) will get adjusted price of 0.97k plus 0.03k..shareholding fund will be reduced by 3sen per share.

"Below data extracted from Insas AR2023:-
Return on Equity (%) 5.2
Return on Total Assets (%) 4.0"

Can Insas afford to give out more than half of Return on Equity or Return on Total Assets? The bottom line is a Billion $ company must make 0.03 Billion $ to compare with FD rate of 3%, IMHO.

Yahoo Finance gave a very good report on Insas shareholding (free float around 47%, the remainder tightly held by majority shareholders), could be the reason why prices are slow in moving up higher??

Just for sharing, no buy or sell or hold recommendation, TradeAtYourOwnRisk.
For Info, I am last in Stock Pick Competition 2023, my sharing might be useless. Haha

"TheContrarian
@MrSslee, must know to get out before the crash. It's like a cycle. Exit at the peak buy back at the bottom."

@TheContrarian, if we know when is the crashing peak and when is rock bottom, we will be filthy rich.
During the 90's crash, I managed to sell more than half of my holdings (enuf to pay 50% of 2 condo) and haven't put in any fresh funds since then..
Insas is one of my holdings that I am not able to liquidate. I have traded Insas (and Insas-OR once almost getting double LU) a few times and believed what I am holding now at zero cost.
I have written an article on Insas back in 2019 and I think it is still valid now. Link: https://klse.i3investor.com/web/blog/detail/BLee2/2019-05-29-story-h1477507324-Top_20_Profit_Margin_for_BSKL_as_at_Reporting_28052019
Happy trading and TradeAtYourOwnRisk

"nikicheong
Always funny how Bumi Armada has a high beta (influenced by oil price fluctuations) when in reality, the business operations and profitability is not impacted by the day to day oil price swings."

@nikicheong, partly agreed not to read so much on the direction of OnG price in the short term; but if OnG price stays high at longer terms above average production cost will have a good impact on all upstream and downstream counters, IMHO (in my humble opinion).
Points to ponder for FPSO operators:
- Most owners of FPSO built the facilities to 'lease' at daily rates 'inclusive' of full functioning of the facilities.
- Not all OnG fields require FPSO, only feasible for deep water and marginal fields.
- High risk for high return compared to a field with a Central Production Complex (CPC or CPP) with its own Satellites Platform (SP). The daily rates have to cater for this risk.
- Chances of reUse in other locations is not very feasible as each field has its own landing pressure and hydrocarbon composition and aging of equipment.
- Operation regulation. Example ESG, COP etc confirmation like Carbon Capture, Heat Recovery, Waste Water Treatment and Zero Flaring, etc
Just a few points to ponder for TradeAtYourOwnRisk..

"TheContrarian > 15 minutes ago |
Insas is the case study of a value trap."

@TheContrarian, very good observation. Bottom line, value trap or not, there is still $ to be make provided how low to buy back and how high to sell... Selling 50% is a good strategy at this point of time, selling 90% is good if it drop back below a Ringgit. TradeAtYourOwnRisk

"(if we have more smart contestants this year like Blee or Speakup who wanted to fight to get the last position so as to win OTB's free Rm1K subscription fee )"
My selection based on P/NAPS during year 2023 speculation didn't turn out well..not too smart at all. Please allocate the prize to Speakup as if getting the prize is his intention. TQ

Hi Mr.Tan KW,
My Stock Pick Contest for year 2024 (I am last as at Nov 2023 for year 2023) as followings:-


1. Insas 10%
2. MFCB 10%
3. Public Bank 20%
4. Bumi Armada 20%
5. AncomLB 20%
6. Axiata 10%
7. JAG 10%


Thanks

@TCH1186, give you a 👍. Spot-on on today up movement at today last hour trading.
TAYOR

"@whistlebower99

Huge profit for this quarter. Where does it come from?

Quarterly rpt on consolidated results for the financial period ended 30/09/2023 | https://www.klsescreener.com/v2/announcements/view/5977773"

@BLee: The answer can be found at the Extract from Latest QR ending Sept. 2023
"Portfolio investment:
This segment reported a profit before tax of RM36.50 million in current quarter ended 30 September 2023, improved by RM62.45 million as compared to loss before tax of RM25.95 million in previous
year's corresponding quarter ended 30 September 2022, mainly due to mark-to-market profit of RM35.82 million in the Group's strategic investments in current quarter as opposed to mark-to-market loss of RM26.82 million in previous year's corresponding quarter."

Caution: As this make-up of a partly full report, please read the whole report for a better understanding of the group's financial standing.

I am stuck for months at RM0.005 for both mother and ICPS, poised to recover my investment, hopefully as this counter very much depends on market direction… Happy trading and TradeAtYourOwnRisk

I am both a flipper (share investment only) if hit my target of 30% within a month or long term investor if drop below my investment cost (my ICPS investment instrument; promotional and not recommendation)..Insas is my long term investment although already recovered my investment cost. In term of dividend, MFCB is better, not the best. Hope against hope. I like Yinson business sense so far, but cannot stomach the OnG risk as written earlier..one man meat is another man poison. TradeAtYourOwnRisk

Good Morning and Happy Diwali/Holiday to all, as I am holding Insas, MFCB and got some experience in OnG, would like to give my two sen on this three counters.
- Insas is like running a marathon, will give up if no stamina and endurance. I really don't know when can I collect my medal? I sold off 80% of my holding during last rally after cashing out Offer Rights..my balance of 20% become free holding.
- MFCB is like putting cash in FD; hoping interest rate will move up. It is giving dividend twice a year without fail so far. It is not as good as investment in property if the property is in a growth area; just like investment in suburban areas..
- Yinson is like my investment in ICPS (promotional; investment like buying Big Small, only will not lose all). FPSO investment is very risky as the return very much depends on many factors such as unknown hydrocarbon data, equipment reliability and human factors..that is the reason each of FPSO consider as an investment entity. Re-use of FPSO in another hydrocarbon field requires a lot of adjustment to fit in the field landing pressure, impurity content, technology advancement, clients requirements and many other factor; as good as scrapping the FPSO due to ageing..
Please feel free to correct me, I am on holiday mood and open for a good discussion.
Happy Trading coming Tuesday and TradeAtYourOwnRisk

One important info reported in AR2022 to digest:

"The Group however, posted a loss before taxation of RM 102.19 million due to the higher operating expenses attributable primarily to the non-cash impairment accounting adjustments on assets such as other receivables and goodwill on acquisition during the financial period under review. These adjustments were reflected based on management’s fair assessment on a subdued economic outlook in the near future on prudent grounds.
Without all these non-cash accounting adjustments, the Group would have reported a profit before taxation of RM90.42 million on the back of robust revenue contribution from the trading of construction materials, these however was mitigated by a higher depreciation as a result of acquisitions of fixed assets during the period ended 2022."

Recovered most of my 'paper loss' as I have been collecting AGES-PA at 0.005 before suspension; happy trading and TradeAtYourOwnRisk.

In real investment scenario, I have been collecting counters at the lowest bid of 0.005 (ICPS) and some blue chips counter (TNB and PBB); hardly losing any money. Keeping my fingers crossed my ICPS investment won't consolidate and trade below the consolidated price..and losing money!!

Posted by speakup > 7 hours ago

"top 3 and last 1 get FREE 1 YEAR OTB Subscription
that;'s why I pick the worst stocks to purposely be last"

Not to worry, BLee won't and not interested in accepting any prizes; join just to see how my speculative selection will perform..I will abstain from any offer if still last by year end. Tq

@investor2021trading>....U mostly worrying about shares consolidation which i find by now it's not going to happen!..

BLee: I am NOT worry on Consolidation as shown in one of post below:

"Stock: [FOCUS]: FOCUS DYNAMICS GROUP BERHAD

2022-04-20 10:31 | Report Abuse

@Icon 888: U punya turn consolidate .. all PPl die la

@kenie: CONSOLIDATION SHARES

16 minutes ago

BLee: Agreed with bro @Icon 888, PP will bring down Focus D..Should be No Problem with Consolidation as NO dilution involved. Fingers crossed, there should be no PP unless a new business proposal for sucking new investment. Focus D is still cash rich and last quarter of operational profit roughly RM20MIL.
Happy Trading and TradeAtYourOwnRisk"

@investor2021trading>Focus-WD is different from Focus-PA as it has a conversion of 10:1 whereas d warrant's r 1:1 at a bottom price at 0.005

BLee: Yes, it is different. Focus-PA at 0.005 x 10 equals 0.05 to convert to 1 mother share and auto convert upon maturity. Hopefully by then worth more than 0.05. To convert Focus-WD, you need 0.90 cash..
Agreed "not wise to convert d PA or WD! not wise basing on current mother price or conversion rate! just buy for any price increase!"
Happy Trading and TradeAtYourOwnRisk

@investor2021trading> Focus-WD can buy as they r so cheap (bottom price 0.005) n expiry date on Nov. 2025! Im optimistic Focus fundamentals will improve by d time warrants expired! If u hv money to spare, why not! no more price drop n no headache of investment losses in this volatile market! just buy n keep n sleep well!

BLee: Agreed on "so cheap (bottom price 0.005)" and "Focus fundamentals will improve". So is Focus-PA if can get at 0.005 (my apologies for sharing your WD post as I am heavy on Focus-PA; nevertheless both of us on the same page on the mother share!!). Let's see how my "'Rubbish and Toilet Paper" collection "as hv money to spare, why not! no more price drop n no headache of investment losses in this volatile market! just buy n keep n sleep well!"
Happy Trading and TradeAtYourOwnRisk.

@justinyeoh:>Bad news they are going to face more cash flow issue and myeg will continue to intact until 2026.

BLee: Quite true as one more year added to the contract; profit if any will be spread out further. I think that is the reason 80% of the contract/holder was encashed to raise $ for further project financing. Judging from the few good news recently, the sale of this 80% should go through.
Hope no more hindrance, TradeAtYourOwnRisk..

Very details analysis; and over a very wide spectrum for the comparison. As per the tabulation for properties in Penang and development near SG, it seems a good investment for high rise compared with other places listed. Excellent article...

Not many entrepreneur can make this commitment..
***“Can you guarantee 100MW in 100 days?”

Musk responded: “Tesla will get the system installed and working 100 days from contract signature or it is free. That serious enough for you?”

To the astonishment of many, Tesla succeeded, and today, almost seven years later, that battery and more like it have become central to a shockingly rapid energy transition.***
This really a great contribution to a more environment "Green World"...

"Michael R.>Anytime... Bear in mind renewal of roadtax is still not handled online.. pls correct me if im wrong.."

Partly correct, as there are many choices which I found during the last 2 years MCO.
Before MCO, I just let the original car service agent handle my insurance and road tax. Due to restriction of movement during MCO, I have renewed my 2 cars insurance thro' 2 different eWallet offering.
For my newer car, I saved around 1.3k inclusive with delivery charges as I can choose the insured value with an option of few insurance packages. Later on, the second eWallet gave a better rebate package, I saved close to 0.5k for my old junk insurance and road tax..I am not promoting any particular ways of road tax renewal, therefore not naming the eWallets, only sharing choices to save money in this tumultuous financial crisis.

"KUALA LUMPUR: The government does not intend to review or restructure projects implemented by the previous administration, the Economy Ministry said.

In a written reply posted on Parliament's website today, the ministry said all projects would continue to be implemented in line with the procurement procedures that are profitable to the government."

Does this include NIISe project, or does it still have to wait until next month??

News as per link:
https://www.nst.com.my/news/nation/2023/03/889946/govt-does-not-intend-reviewing-projects-implemented-previous?utm_source=nst&utm_medium=mostpoplatest

Happy Trading and TradeAtYourOwnRisk..

"Bettyem> Don't think it has any bearing considered Iris having sold project in advance for the cash and price already discounted by market."

The problem is "bad news" sticks longer in mind than "good news"?? Prices are always reacting (falling) faster for any rumors/bad news?? People tend to ignore the latest QR performance and proven track record especially NEC is part of this "sick" project progress?? Iris still holds 20% after the transaction..so time will tell the right from the wrong.

From TheStar "Govt cancels RM1bil NIISe contract with IRIS Information Technology Systems
NATION
Saturday, 11 Mar 202312:57 PM MYT…According to sources quoted by MalaysiaGazette, the company had been facing delays in completing the project."
and 11 hours later..again from TheStar
"NIISe project: Company to know its fate in April, says Saifuddin
By ALLISON LAI
NATION
Sunday, 12 Mar 202312:00 AM MYT"
Link: https://www.thestar.com.my/news/nation/2023/03/12/niise-project-company-to-know-its-fate-in-april-says-saifuddin

Lesson Learnt: Only read News from known "Source" and NOT from According to sources. Happy Trading and TradeAtYourOwnRisk(Source)

"@anisayob>Sabarlah…"

Sabar tunggu durian runtuh..
Bila? Bulan August?
Nanti ada RM70 Juta masuk..kalau jadi.
Butiran dalam bahasa Inggeris

"The salient terms of the SSA are set out as below:
3.4.1 Payment Terms of Disposal Consideration
The Disposal Consideration shall be paid by the Purchaser to the Company in the following manner:
(a) A sum of Ringgit Malaysia Seven Million (RM7,000,000.00), equivalent to 10% of the Disposal Consideration upon signing of SSA (“the Deposit”);
(b) A sum of Ringgit Malaysia Forty One Million One hundred Twenty Five Thousand (RM41,125,000.00) within 3 months from the date of SSA (“Tranche 2 Payment”);
(c) A sum of Ringgit Malaysia Twenty One Million Eight Hundred Seventy Five Thousand (RM21,875,000.00) within 6 months (“Completion Period") from the date of SSA (“Tranche 3 Payment”)

The Company shall at the request of the Purchaser grant in favour of the Purchaser an extension of three (3) months from the expiry of the Tranche 2 Payment and Tranche 3 Payment respectively, subject to a late payment interest of five per centum (5%) per annum calculated on a day to day basis from the day immediately following the last day of the Tranche 2 Payment/Tranche 3 Payment until actual full payment thereof."

Ada video Mandarin dengan sarikata Inggeris boleh dapat penerangan IRIS agak menarik, link: https://youtu.be/JsVVhPT-fH8

Happy Trading and TradeAtYourOwnRisk

"DickyMe> Goodwill value is just a number plucked from thin air."

Agreed, Goodwill is hardly measurable, most likely used to clean up the account "skeleton"..both negative or positive. As mentioned, "no material impact to the cash position". I am more worried about the Reversal of Bargain Purchase; what does it really mean? Is it paper loss which can be recovered when the Bargain Purchase improves?? Happy Trading and TradeAtYourOwnRisk

A very good read, there are more reason beside this 3 reasons. On the hindsight, there are also some reason to stay, for example cheaper housing with comparatively bigger space and affordable sumptuous food. It all boil down to personal decision...

"StartOfTheBull> Obviously, now it is very risky to invest in Iris."

Agreed, it is very risky as so many 'unconfirmed sources of news' are flying around. It is better to rely on official announcements…new news in below latest link?
https://www.businesstoday.com.my/2023/02/16/iris-corp-says-it-won-niise-tender-fair-and-square/

- In its defense, IRIS states that it has a successful track record of delivering IT projects to governments domestically and internationally including in Canada, India, Guinea, Nigeria, Senegal, Solomon Islands, and Tanzania for more than 20 years, and has consistently met its financial obligation based on prudent financial practices.

- It also stated that it has achieved meaningful progress in the NIISe project but is unable to disclose further information due to confidentiality obligations.

Happy Trading and TradeAtYourOwnRisk

"newtrader1989> Yes you are right they had a big loss in 2017 which is still not recovered

To be exact, they had a big impairment, details as below:-
- Impairment of goodwill - RM(17,153k)
- Impairment of intangible assets - RM(10,683k)
- Impairment of plant and equipment - RM(55,208k)
- Impairment of investment in an associate - RM(227k)
- Impairment of financial assets - RM(7,055k)
- Impairment of trade and other receivables - RM(170,815k)

Total Impairment - RM(261,141k)

It is for the group's corporate restructuring plan. More details at link:
https://www.theedgemarkets.com/article/iris-reports-massive-4q-loss-due-oneoff-impairment

How successful is the group’s corporate restructuring plan?? The answer is still hanging in the air??
Happy trading and TradeAtYourOwnRisk

"Peace99 > @BLee, Just wondering how the figure gain 7.22 mil comes about. Is it possible to get this number out of the other figures in the announcement?"

Hi @Peace99, I am also wondering how this RM7.22 mil projected profit calculated as book value and expenses won't be known until a certain cutoff date?? I presume this RM70 mil minus all the known obligation and book value will be the projected profit; bear in mind the Shareholder’s Advances of RM33,404,859.53 shall be waived and/or written off in two (2) stages subject to and only if payments towards the Disposal Consideration are made by the Purchaser to the Company. Therefore it seems NOT a clean RM70 mil cash into account balance sheet?? All these details can be found in the announcement attachment..

https://www.klsescreener.com/v2/announcements/view/4316567

From the attachment of above link, info summarize for IITS as below:-

- As at the date of SSA, the total issued and paid-up shares capital of IITS is Six Million (6,000,000-00) ordinary shares and Ringgit Malaysia Six Million (RM6,000,000-00) respectively.

- the net profits attributable to the Company and net assets value are RM0.48 million and RM37.50 million respectively.

- As at the date of SSA, the Company had advanced a total amount of Ringgit Malaysia Thirty Three Million Four Hundred Four Thousand Eight Hundred Fifty Nine And Sen Fifty Three (RM33,404,859.53) only to the IITS as Shareholder’s Advances, which forms a debt owing by IITS to the Company.

- Upon completion of the Proposed Disposal, the Company is expected to realize a gain of RM7.22 million in the financial year ending 31 March 2024.

Based on the above details, just monetize investment in IITS which is 'draining' cash flow with still 20% ownership and RM7.22 million gain. Other than that, it will most likely supply manpower to support IITS projects…up or down will be control by Mr Market, Happy Trading and TradeAtYourOwnRisk.

"blacksmith> Iris develop the system, for sure maintenance contract will be given to them also”

It seems the new info "adding" integration scope with Tabung Haji (proposed integration with Tabung Haji would help ease the processing of pilgrims) and "database with over 20 agencies in the country, including the police and National Registration Department (NRD)." could be additional work for Iris? I don't think Iris is "grabbing" others IT company business. It is an "open" market, for example TnG and Boost can do car insurance and Road Tax service; no more exclusive of a certain company. I hope all the companies can "think out of the box and reinvent their businesses; and prosper together".

Read an article and seen the interesting video of a retired couple on how they enjoying their retirement life!! I liked the part on how their properties pays for their expenses...The link:-
https://focusmalaysia.my/why-retired-banker-opts-for-slow-paced-luxury-in-penang-over-singapore/

"FortuneBull777 > I have to say investing is not easy! There's plenty of instant sifus who tell you they got rich through stock market, property and so forth!...Question is, how knowledgeable are you! Are you knowledgeable to invest in stocks and hit your target! Are you knowledgeable in property and become rich! Because without knowledge, you won't get there!"

How rich is rich? To me, 知足(satisfying) and not comparing with others richness will be the personal benchmark. We will always 活到老,学到老 (lifelong learning)。
Therefore, with knowledge, at least will be 'rich' in mind.

"ks55 > ..So whether having 2 million or 1 million is good enough for to live another 30 years after retirement doesn't make any sense. All boil down to your spending habit and your earning power/saving discipline/ability to generate passive income after retirement."

Totally agreed. How much we spend can be controlled but how long we spend is beyond our control; therefore input shall be equal output will be the ideal figure..time for my nice slumber as the cracker sound just faded.

"StartOfTheBull > Investments in Forex and commodities market, equities, properties are uncertain. Best investment is ourselves"

Agreed, investment in ourselves never ends, such as learning from others in this forum. But everything must be taken with a pinch of salt, as today knowledge might not be applicable for tomorrow…
For example, fossil fuel, although depleting, could be replaced with renewable technologies. IT technologies, from wired to RF wireless to optical to virtual to…all this within a few decades.

"stockraider > How much u need for retirement depends on your lifestyle loh!

The key to build wealth is to save much more than your expenditure, while u still earning income loh!"

Totally agreed, input more than output, the problem is how to get more input and less output? Everybody knows any investment return more than inflation rate will be a good investment; how about the risk factor? Is it the right time to buy properties with current material prices knowing prices could be twice in 4 or 5 years time? Investment in the money market will it be able to get twice in 4 or 5 years? The best will always be to get money to work for us? If we can answer some of these questions, we can easily get our millions for our retirement...

"Posted by ks55 > How to save 2 million?
How to save 1 million?"

Buying properties is a sure way to accumulate millions..
My parents' terrace house bought in early 1970 for 12.5k, now valued more than a million.
My present house bought 25 years later appreciated close to 8x..and it depends on location, locations. The problem is where to get another landed property if I cash out? I have to live in strata property..? For renting out properties, strata properties will be a good way to accumulate wealth..?
Shares investment is still a very risky way to accumulate millions. Just my opinion, might not be the best way to accumulate wealth, wishing everybody a very healthy prosperous years ahead..

"NEC Selected as Technology Partner in the Implementation of Biometric Solutions for NIISe

KUALA LUMPUR, 18 October 2022 – Leading IT and Network Technologies company, NEC Corporation of Malaysia Sdn Bhd (NEC Malaysia) has been awarded a sub-contract for the implementation of its class leading Automated Biometric Identification System (NEC ABIS) and Border Control Solution (e-Gate) by the main project contractor for Malaysia’s National Integrated Immigration System (NIISe), IRIS Information Technology Systems Sdn Bhd (IITS), a wholly owned subsidiary of IRIS Corporation Berhad (IRIS)."

This News might be outdated and seen by many. With the recent question of the status of NIISe, the project has started procurement, therefore unlikely NOT going forward…link as below:-

https://www.nec.com/en/press/202210/global_20221018_01.html

Happy Trading and TradeAtYourOwnRisk

@Just88 > 1 hour ago..
There are people who always blame others for their own failures. Why blaming others for their own decisions ? Why they even trusted someone totally unknown to them ?... Most people are here in i3 to take advantage of this platform to achieve their ulterior motives. Just a very few are truly sharing. So next time think twice before you decide to trust anyone in i3.

BLee: Hi @Just88, a very good comments. A Chinese proverb which I like to add:
zhī jǐ zhī bǐ , bǎi zhàn bǎi shèng
知 己 知 彼， 百 战 百 胜
This proverb advises: Know both yourself and your 'friend' in order to enhance your strong points and understand his weak points. That is the secret of victory.

I have had queries Mr.DK on his posting especially on the $ flow diagram trying to understand fully..I think most of the answer can be found in that diagram. Although Mr. DK had deleted this diagram, I think can still be found in some other duplicated (Jenny?) postings.

Happy Trading and TradeAtYourOwnRisk