Highlights
KLSE: INSAS (3379)       INSAS BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
0.735   0.00 (0.00%)  0.00 - 0.00  0
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Overview

Market Cap: 510 Million
NOSH: 693 Million
Avg Volume (4 weeks):369,138
4 Weeks Range:0.705 - 0.75
4 Weeks Price Volatility (%):
98.00%
52 Weeks Range:0.645 - 0.925
52 Weeks Price Volatility (%):
79.46%
Average Price Target: 1.05
Price Target Upside/Downside: +0.315
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2019 [#3]  |  23-May-2019
Next QR | Est. Ann. Date: 30-Jun-2019  |  28-Aug-2019
T4Q P/E | EY: 7.19  |  13.90%
T4Q DY | Payout %: 2.60%  |  18.72%
T4Q NAPS | P/NAPS: 2.4767  |  0.30
T4Q NP Margin | ROE: 33.57%  |  4.13%

Headlines

Date Subject
16-Apr-2019 Stocks on Radar - Insas (3379)
15-Mar-2019 How Value can be Unlocked in Deep Value Stock? INSAS
16-Dec-2018 INSAS: My response to some comments in INSAS forum.
10-Dec-2018 PublicInvest Research Headlines - 10 Dec 2018
30-Nov-2018 INSAS 56th AGM Part (II): My recollection.
30-Nov-2018 INSAS 56th AGM Part (I): Board answered to my email written questions.
29-Nov-2018 Technical Analysis - Insas Bhd
29-Nov-2018 Trading Buy - INSAS (3379)
09-Oct-2018 Mplus Market Pulse - 9 Oct 2018
02-Aug-2018 Daily Market Update - 2 Aug 2018 (GPACKET, INSAS)
26-Jul-2018 A DEEPER LOOK AT INSAS BERHAD. IS IT REALLY WORTH RM3.00 ACCORDING TO LENO?, Calvin Tan Research

Business Background

Insas Bhd is engaged in several business divisions, which include stockbroking, provisioning of corporate finance and advisory services and structured finance, investment holding and trading, retail trading and car rental. It also involves in property investment and development. The company has operations spread worldwide, while its Investment Holding and Trading segment earns majority revenue for the company.
Analyze this stock with MQ Trader system

  37 people like this.
 
TheContrarian 3101575000, certainly not DGSB. I think it might be Winfields Development.
26/05/2019 8:02 PM
3101575000 TheContrarian,you might be right. Hopefully is Dgsb,bcos I got buy this counter.But chances is slim.
26/05/2019 9:38 PM
TheContrarian I don't think DGSB can make so much profits. Maybe Ho Hup might report substantial profits.
26/05/2019 9:49 PM
Sslee Dear TheContrarian,
If you look into:
A9. Segment Information:
Share of profits less losses of associate companies
Investment holding and trading
Cumulative Q2: RM (4,494,000)
Cumulative Q3 RM 1,383,000

Technology and IT-related manufacturing, trading and services
Cumulative Q2: RM 23,345,000
Cumulative Q3: RM 29,860,000
And total cumulative Q3 under this section Profit/(Loss) before tax is RM 55,117,000

Retail trading and car rental
Cumulative Q2: RM 620,000
Cumulative Q3: RM 661,000

Property investment and development
Cumulative Q2: RM 1,411,000
Cumulative Q3: RM 2,311,000

So the Q3 increase of share of profits less losses of associate companies from associate companies Investment holding and trading section is RM 5,877,000. Very confusion will ask BOD during next AGM.

Thank you
26/05/2019 10:01 PM
(US/CHN trade war doesn't matter) Philip Stockraider, please think carefully. This latest quarter their taxes paid is 2 million. Meaning their real earnings is around rm10 million. They declared in latest QR profit of 28 million, meaning the balance 18 million is just fair value gain, paper profits, not real cash flow into the company.

So is the company really growing? Is the business units growing? Or will management continue to sell parts of successful businesses like inari to pay for their experiments in biotech, fintech and etc.

I believe that is the reason why INSAS is always undervalued. It is very hard to judge future cash flow, future growth, how much INSAS will be with 5-10 years from now.

Management refusal to hire a good manager like SSLEE, Calvintaneng and stockraider to manage INSAS investments is also a worrying issue.

I am sure you guys can do better in growing INSAS business.

Thank you

>>>>>>>

The profit earn by insas is real bcos back by real net cash,
26/05/2019 10:24 PM
Sslee Dear Philip,
Yes my share account like your only show book gain/loss. When companies pay dividend then we collected the real hard cash. Similarly share of profits less losses of associate companies and financial assets at fair value through profits or losses are only paper gain/loss until you received the hard cash in term of dividend or you cash out by selling the share.
Cash flow from investment activity:
Cumulative Q3 INSAS
Proceeds from disposal of shares in an associate company RM 28,300,000
Dividend received RM 35,056,000

Thank you
27/05/2019 6:58 AM
Sslee Dear all,
INSAS Business model is as follow:
Revenue generating wholly own or subsidiary companies namely:
1. M&A Securities Sdn Bhd: Effective equity 100%
2. Insas credit & Leasing Sdn Bhd: Effective equity 100%
3. Insas Pacific Rent-A-Car Sdn Bhd: Effective equity 79.5%
4. Roset Limousine Services PTE.ltd: Effective equity 79.5%
5. Tribecar Pte.LTD: Effective equity 63.2%
6. Investment holding and trading in quoted security, currency, derivative, property, service, wine, IT, telecommunication products and etc
Car rental is in very competitive industries with little growth opportunity
M&A Securities Sdn Bhd stock broking and corporate finance advisory in promoting SME companies to list on the ACE and LEAP Market. Less and less broking fees earned nowadays due to many people invest like Philip rather like quack traders with “Sailing” and margin anyhow should remain profitable
Credit and leasing is only for VIP clients with collateral. Very profitable interest charge not more than 12% p.a.for secured loans and not more than 18% p.a.for unsecured loans.
Property investment the return on rental income is poor at current overbuild situation.
Investment holding will continue with its investment strategies to look out for value and growth stocks that generate recurring income and capital gain.

Hence what the management is trying to do is to invest in associate companies (Listed and unlisted) and using INSAS cash to growth these associate companies:
Example:
Inari: Very successful
Ho Hup: Improving
DGSB: Hopeful
Melium Holding (Diffusin fashions, Lifestyle, Dome café): Very challenging (With the aim of listing in Bursa)
Fintech and Biotech: Start up with cash burning, hopeful for a breakthrough.
Total failure: SYF and Omesti (Management control but classified as financial assets at fair value through profit or loss)

Thank you
27/05/2019 7:01 AM
Sslee Dear TheContrarian
Winfields Development Pte. Ltd: Effective equity 40%. Investment holding in properties and trading of securities and other financial instruments (Singapore).

Thank you
27/05/2019 7:05 AM
3101575000 Sslee : Thanks for the info。
27/05/2019 10:15 AM
TheContrarian Yes Mr Sslee, it's Winfields Development Pte Ltd. Possibly OCBC shares are held through this associated company.
27/05/2019 10:23 AM
3iii Those who bought on raider's recommendation is now down 12%.
27/05/2019 5:18 PM
stockraider Insas is one of the best result for this qtr compare with most of the poor result reported by klse companies this qtr mah...!!

Yes insas is a tower of strength with its huge cash holding loh...!!

This insas is one of the most defensive stock in klse today loh...!!

Buy insas u sleep well loh....!!
27/05/2019 7:33 PM
deMusangking Buy insas u sleep well loh....!

solli lah, me sleeping with ahmoi now!!!!

kakaka!
27/05/2019 7:37 PM
stockraider Why Raider says Philip not smart loh...!!

Insas pays less tax u should be cheering instead of worrying loh..!!

Insas pays less tax bcos Rm 23m of its profits already pays tax or profit exempt from tax mah....!!

1. Associate profit Rm 13m already pays tax thus Insas no need to pay mah.....!!

2. Gain on disposal of Rm 11m due to share disposal no need to pay tax bcos capital gain loh....!!

Mr Thong is a savvy investment banker, just like warren buffet loh...!!
But one thing insas better than berkshire is that insas pays dividend but bershire do not mah.....!!

Posted by (US/CHN trade war doesn't matter) Philip > May 26, 2019 10:24 PM | Report Abuse

Stockraider, please think carefully. This latest quarter their taxes paid is 2 million. Meaning their real earnings is around rm10 million. They declared in latest QR profit of 28 million, meaning the balance 18 million is just fair value gain, paper profits, not real cash flow into the company.

So is the company really growing? Is the business units growing? Or will management continue to sell parts of successful businesses like inari to pay for their experiments in biotech, fintech and etc.

I believe that is the reason why INSAS is always undervalued. It is very hard to judge future cash flow, future growth, how much INSAS will be with 5-10 years from now.

Management refusal to hire a good manager like SSLEE, Calvintaneng and stockraider to manage INSAS investments is also a worrying issue.

I am sure you guys can do better in growing INSAS business.

Thank you

>>>>>>>

The profit earn by insas is real bcos back by real net cash,
27/05/2019 7:42 PM
chanky50 It is correct that Berkshire Hathaway is not paying dividend but its 'Price to Book value' based on its last closing price is 1.34. What about Insas?
28/05/2019 10:44 AM
stockraider Insas very steady today loh....!!

This is company is a malaysian answer to berkshire hathway mah...!!
29/05/2019 5:15 PM
funitec i agree,the company is stable.however waiting for rise is so long. Dividend also so meagre,like groundnuts ,or chicken feed. getting pissed off.unless some action comes.
02/06/2019 3:49 PM
shareinvestor88 SELL TP 20c
02/06/2019 11:28 PM
SaraInvestment 3101575000 INSAS new gem :Dgsb ???

Hold Tight
06/06/2019 9:07 AM
Sslee Dear all,
The next gem is on Feb 2020. Insas-wb expired, will Dato' Sri Thong convert his warrent?

Thank you
06/06/2019 9:28 AM
SaraInvestment Sslee Dear all,
INSAS Business model is as follow:
Revenue generating wholly own or subsidiary companies namely:
1. M&A Securities Sdn Bhd: Effective equity 100%
2. Insas credit & Leasing Sdn Bhd: Effective equity 100%
3. Insas Pacific Rent-A-Car Sdn Bhd: Effective equity 79.5%
4. Roset Limousine Services PTE.ltd: Effective equity 79.5%
5. Tribecar Pte.LTD: Effective equity 63.2%
6. Investment holding and trading in quoted security, currency, derivative, property, service, wine, IT, telecommunication products and etc
Car rental is in very competitive industries with little growth opportunity
M&A Securities Sdn Bhd stock broking and corporate finance advisory in promoting SME companies to list on the ACE and LEAP Market. Less and less broking fees earned nowadays due to many people invest like Philip rather like quack traders with “Sailing” and margin anyhow should remain profitable
Credit and leasing is only for VIP clients with collateral. Very profitable interest charge not more than 12% p.a.for secured loans and not more than 18% p.a.for unsecured loans.
Property investment the return on rental income is poor at current overbuild situation.
Investment holding will continue with its investment strategies to look out for value and growth stocks that generate recurring income and capital gain.

Hence what the management is trying to do is to invest in associate companies (Listed and unlisted) and using INSAS cash to growth these associate companies:
Example:
Inari: Very successful
Ho Hup: Improving
DGSB: Hopeful
Melium Holding (Diffusin fashions, Lifestyle, Dome café): Very challenging (With the aim of listing in Bursa)
Fintech and Biotech: Start up with cash burning, hopeful for a breakthrough.
Total failure: SYF and Omesti (Management control but classified as financial assets at fair value through profit or loss)

Thank you

Very detailed analysis
06/06/2019 9:36 AM
ciaksai WB exercise price RM 1 what for Thong convert?
06/06/2019 10:08 AM
Sslee Dear ciaksai,
If noone convert WB then INSAS NOSH remain at 662 million. With INSAS holding abt 600 million INARI share and many other liquid asset and cash. We can start to accumulate 32.9% and call EGM to take over the control of INSAS..
If Dato' Sri Thong convert then he trigger the 33% conditional MGO at price minimum RM1+ WB at price at the date of conversion.

Thank you
06/06/2019 10:43 AM
4444 No convert meaning Thong no-confident in Insas future?
06/06/2019 11:12 AM
stockraider Covert or no convert is a strategic issue & not an issue of confidence mah....!!

Thong hold 32.9% ,if he convert it will trigger GO at Rm 1.00, once his holding cross 33% loh...!!

If Thong rope in his brother shareholding, it will trigger GO only when it cross 50% loh....!!

That will require him to take up at least another Rm 500m to do the General Offer loh...!!

U think the benefit v cost lah....!!
Thong already in control of Insas with his 32.9 % do he need to buyout the whole insas leh ??

On the otherhand buying out the whole insas maybe a very good idea too, since Insas is undervalue....he can sapu the whole company for enormous huge profit at cheap cheap price loh.....!! But then unlikely to be successful unless he is willing to offer Rm 1.50 at least loh...!!

Thong need to raise personal funding at least Rm 600m in order to launch a General OFFER to take it private, if it is unsuccessful will cost him around Rm 1.5 million loh....!!

The other strategy is to do a selective capital repayment using INSAS own resources...in this case, he need not use his own monies loh..!!
But selective capital repayment he need to launch the attack b4 the warrant expiry in order to be efficient loh...!!

Thong need the 75% independent shareholder support bcos his portion of 32.9% cannot vote loh...!!
That will mean the minority will be asking Rm 1.5 to Rm 2.50...now can the company willing to leverage leh ??

If Thong do nothing he will leave the warrant & PA expire he will get back Rm 60m cash for his PA and perhaps call for another round of corporate exercise likely to be another PA with warrant, that will drive up the share price of insas to above Rm 1.00 again loh....!!

Thong need to weigh his option...but for the MINORITY SHAREHOLDER LIKE sslee and raider whatever action Thong take will benefit us bcos we have huge margin of safety mah.....!!

Posted by 4444 > Jun 6, 2019 11:11 AM | Report Abuse

No convert meaning Thong non-confident in Insas future?
06/06/2019 11:46 AM
Sslee Dear stockraider,
Dato' Sri Thong deemed intetest 25.05%
His brother Dato Thong deemed interest 11.19%.
With Bahtihan sdn bhd 3.28% family trust.
This mean Dato' Sri Thong and PAC hold 25.05+ 11.19- 3.28= 32.96%.

Thank you
06/06/2019 12:35 PM
witchslayer yah gah
06/06/2019 3:14 PM
(US/CHN trade war doesn't matter) Philip Sorry... I just had to share this. I showed this statement to my wife she guffawed so hard she almost fell over, now demand me renew her Thai oddesey package.

Paying less tax means the company also is declaring let profit and revenue.

As tax is calculated at 24% average, it should be the other way around, the more tax INSAS pays the better, as that would mean it's INVESTMENTs and subsidiaries and customer base is growing more and more each year.

If one day INSAS no longer pays any taxes and instead declare losses every quarter, this would be bad for stockraider.

Then again, office boy is always full of hope, especially rm3 in 3 years 3 months for sapura.

>>>>>>>>>>>>>>


stockraider Why Raider says Philip not smart loh...!!

Insas pays less tax u should be cheering instead of worrying loh..!!

Insas pays less tax bcos Rm 23m of its profits already pays tax or profit exempt from tax mah....!!
06/06/2019 6:03 PM
(US/CHN trade war doesn't matter) Philip Hi sslee can I confirm this?

Proceeds from disposal of shares in an associate company RM 28,300,000
Dividend received RM 35,056,000

Dividend handed out to shareholders
Rm 13,245,000.00

Dividend handed out to preference shareholders
Rm 13,245,000.00

? Cumulative for Q3?

Thank you
06/06/2019 6:15 PM
geary Well...Time is a friend of the wonderful business but an enemy of the mediocre...Wake up call could be too late...!!!...Investing in a mediocre business at a wonderful price...!!!
06/06/2019 8:25 PM
freddiehero fly liao fly liao...
06/06/2019 8:54 PM
Sslee Dear Philip
Period ended 31th March 2019 (Cumulative 9 months)
Profit and loss statement
Profit before tax 70,101,000
Tax expense (5,909,000)
Profit for the quarter/period 64,192,000

Note: Share of profits less losses of associate companies 34,215,000 (I think this profit already tax at associate level)
Gain on disposal of shares in an associate company 24,398,000 (I do not know this is taxable or not?)

Cash flows from operating activities
Interest paid (16,917,000) include RPS (132,601,268) interest 4% per year (Expired FEB 2020)
Interest received 13,859,000
Cash flows from investing activities
Proceeds from disposal of shares in an associate company 28,300,000
Dividend received 35,056,000 (Majority from Inari the rest from others associate and financial asset at fair value gain/loss (Quoted share))
Cash flows from financing activities
Cash dividends paid to owners of the Company (13,260,000) 2 cents interim dividend paid on 10th Jan 2019.

Note: Gain on disposal of shares in an associate company 24,398,000 when Proceeds from disposal of shares in an associate company 28,300,000

Thank you
06/06/2019 9:18 PM
Sslee Dear philip,
Recheck Insas 2018 annual financial report. Confirm share of profit of associate companies, gain on disposal of associte company and quoted share, fair value gain and dividend received from financial asset at fair value are incomes not subject to tax.

Thank you
06/06/2019 10:46 PM
stockraider Raider is surprise and amuse that Philip's wife being a Public Bank Manager for her lack of understanding on corporate finance and financial aspect of Insas loh...!!

But my Investment banker friend advice me...that usually a Public Bank Manager, normally do not have the corporate finance & deep accounting and finance understanding... & usually their understanding is shallow as they are not specialist mah...!!

Put it this way loh...Insas is also investment holding co, if they invest long term like the case of Inari.. when they dispose, the capital gain they make is not subject to income tax....therefore Insas tax is low loh...!!

Don't tell me...that Philip want to be tax on its Yinson, QL, Pbank, Pchem & Topglove capital gain when dispose and pay more income tax loh ??. The PH govt will welcome Philip & family with open arm loh..!!

Raider is really amuse of Philip's wife's naivety and Philip lack of business acumen to the extent revealing his wife lack of basic understanding of business to the public loh...!!

Posted by (US/CHN trade war doesn't matter) Philip > Jun 6, 2019 6:03 PM | Report Abuse

Sorry... I just had to share this. I showed this statement to my wife she guffawed so hard she almost fell over, now demand me renew her Thai oddesey package.

Paying less tax means the company also is declaring let profit and revenue.

As tax is calculated at 24% average, it should be the other way around, the more tax INSAS pays the better, as that would mean it's INVESTMENTs and subsidiaries and customer base is growing more and more each year.

If one day INSAS no longer pays any taxes and instead declare losses every quarter, this would be bad for stockraider.

Then again, office boy is always full of hope, especially rm3 in 3 years 3 months for sapura.

>>>>>>>>>>>>>>


stockraider Why Raider says Philip not smart loh...!!

Insas pays less tax u should be cheering instead of worrying loh..!!

Insas pays less tax bcos Rm 23m of its profits already pays tax or profit exempt from tax mah....!!
06/06/2019 11:26 PM
stockraider Dear SSlee,

From the info u provided here, Thong & family should hold 39.49% {25.05 + 11.19 + 3.28%} interest on Insas & not 32.96% loh...!!

If that is the case, GO will be triggered when its holding hit above 50% loh..!!

Thong still have about 10% capacity to play with now loh....!!

Thank U

Posted by Sslee > Jun 6, 2019 12:35 PM | Report Abuse

Dear stockraider,
Dato' Sri Thong deemed intetest 25.05%
His brother Dato Thong deemed interest 11.19%.
With Bahtihan sdn bhd 3.28% family trust.
This mean Dato' Sri Thong and PAC hold 25.05+ 11.19- 3.28= 32.96%.

Thank you
06/06/2019 11:37 PM
Sslee Dear stockraider,
Refer page 178 Insas 2018 annual financial report. Baktihan Sdn Bhd is classified as deemed interest of Dato' Sri Thong Kok Khee 25.05 % and Dato' Thong Kok Yoon 11.19 %. Hence this mean Baktihan Sdn Bhd 3.28% is double count into Dato' Sri Thong and Dato Thong deemed interest. So the effective control is 25.05+ 11.19 - 3.28 = 32.96%

Thank you
06/06/2019 11:53 PM
stockraider Dear SSlee,

Your pg 177 & 178 refer to preference share that is not covertible to Ordinary Share loh...!! THUS NOT RELEVANT LOH...!!

U should look at pg 171 to 173 loh...!! THIS REFER TO THE ORDINARY SHAREHOLDING MAH....!!

That will give info to the ordinary shareholding of Thong & his related families members loh....!!

Posted by Sslee > Jun 6, 2019 11:53 PM | Report Abuse

Dear stockraider,
Refer page 178 Insas 2018 annual financial report. Baktihan Sdn Bhd is classified as deemed interest of Dato' Sri Thong Kok Khee 25.05 % and Dato' Thong Kok Yoon 11.19 %. Hence this mean Baktihan Sdn Bhd 3.28% is double count into Dato' Sri Thong and Dato Thong deemed interest. So the effective control is 25.05+ 11.19 - 3.28 = 32.96%

Thank you
07/06/2019 12:26 AM
Sslee Dear stockraider,
Thanks correction it is page 173 annual report 2018 or page 178 anual report 2017 substantial shareholders.
Tq
07/06/2019 7:29 AM
3iii A deeply undervalued stock can remain undervalued for a long time.

The core businesses of Insas are not profitable and bleeding cash.

Inari is facing challenges in a cyclical downturn today.
07/06/2019 7:52 AM
3iii Over the long term, investment return is more a function of business performance than valuation, unless the valuation goes extreme.

More effort should be put into identifying good businesses and buying them at reasonable valuations.

Investors should not be obsessed with the valuation calculations. All calculations involve assumptions. They are valid only if the underlying businesses perform as expected.
07/06/2019 7:58 AM
Sslee Dear Stockraider,
Philip is right when he pointed out “the more tax INSAS pays the better” because more tax pay mean INSAS now have more taxable profit or it mean wholly own or subsidiary companies are making more taxable profit.
1. M&A Securities Sdn Bhd: Effective equity 100%
2. Insas credit & Leasing Sdn Bhd: Effective equity 100%
3. Insas Pacific Rent-A-Car Sdn Bhd: Effective equity 79.5%
4. Roset Limousine Services PTE.ltd: Effective equity 79.5%
5. Tribecar Pte.LTD: Effective equity 63.2%

Refer page 132: 2018 annual financial report TAX EXPENSE (CONT’D)
Profit before tax: 100,873,000
Income tax at the Malaysian statutory tax rate of 24%: 24,210,000
Non-allowable expenses: 9,854,000
Income not subject to tax: (22,759,000)
Deferred Real Property Gains Tax on fair value adjustment of investment properties: 40,000
Effect of different tax rates in other countries: (379,000)
Overseas tax paid on dividend income: 487,000
Utilisation of previously unrecognized deferred tax assets: (998,000)
Deferred taxation not recognised in the financial statements: 98,000
Tax expenses for current financial year 10,553,000

Thank you

Dear 3iii,
Your advise noted with thanks. Currently I am holding dividend stock, undervalued stocks, growth stocks and trading stocks.
TQ
07/06/2019 8:35 AM
stockraider Who don't know to make more monies u pay more tax concept where it benefit the whole nation leh ??

But if u make more money on your capital gain on your longterm investment, in msia is exempt from income tax mah...!!

Do u think Philip is willing to pay more tax on its profit on its share disposal leh ??

Thus Philip and wife are wrong to belittle on Insas not paying more tax mah.....!! Especially on profit on disposal of inari share loh..!!

Posted by Sslee > Jun 7, 2019 8:35 AM | Report Abuse

Dear Stockraider,
Philip is right when he pointed out “the more tax INSAS pays the better” because more tax pay mean INSAS now have more taxable profit or it mean wholly own or subsidiary companies are making more taxable profit.
1. M&A Securities Sdn Bhd: Effective equity 100%
2. Insas credit & Leasing Sdn Bhd: Effective equity 100%
3. Insas Pacific Rent-A-Car Sdn Bhd: Effective equity 79.5%
4. Roset Limousine Services PTE.ltd: Effective equity 79.5%
5. Tribecar Pte.LTD: Effective equity 63.2%

Refer page 132: 2018 annual financial report TAX EXPENSE (CONT’D)
Profit before tax: 100,873,000
Income tax at the Malaysian statutory tax rate of 24%: 24,210,000
Non-allowable expenses: 9,854,000
Income not subject to tax: (22,759,000)
Deferred Real Property Gains Tax on fair value adjustment of investment properties: 40,000
Effect of different tax rates in other countries: (379,000)
Overseas tax paid on dividend income: 487,000
Utilisation of previously unrecognized deferred tax assets: (998,000)
Deferred taxation not recognised in the financial statements: 98,000
Tax expenses for current financial year 10,553,000

Thank you

Dear 3iii,
Your advise noted with thanks. Currently I am holding dividend stock, undervalued stocks, growth stocks and trading stocks.
TQ
07/06/2019 11:25 AM
stockraider Don forget Insas is like Berkshire alot of monies are make on its long term share investment mah....!!

Even Warren Buffet refuse to pay more tax on its share investment, by withholding share disposal as it will attract gain tax mah...!!

Insas is better, bcos in Msia , there is no tax on capital gain on long term listed share investment loh...!!

Thus insas benefit on this loh...!!
07/06/2019 11:33 AM
witchslayer yah gah
09/06/2019 11:01 AM
ivan9511 I still same , Insas is the most underv in Bursa
lucky top up a lot below 70sen now i WAIT 2 RINGGIT for insa should trade at 2 ringgit base on rich golden diamand inside this company


ivan9511 insas is the most undrv stock in Bursa as i ALWASYS SAY at the begibing

if can add moredividend insas normally can play around 2 ringgit
value is too big
08/04/2019 2:34 PM
X
ivan9511 good insas finally limit uppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppp
11/06/2019 6:01 PM
yoyo 想得我肠儿寸断,望得我眼儿欲穿;
好容易望到了你上来,算算已三年。
想不到才上来,转眼又掉下去,
这一回你去了几时来,难道又三年。
22/06/2019 11:40 AM
chanky50 Coming? After 5 minutes at 9.05 volume 139,300 shares traded up 1.5 sens to 0.735
24/06/2019 9:07 AM
volks2 now 0.745 something big is coming to this counter.
24/06/2019 9:32 AM
chanky50 0.75 also done. Hope can give Inari share as bonus dividend
24/06/2019 9:35 AM
lawk @chanky50, agreed with you. hoooraayyyy.
24/06/2019 9:42 AM


 

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