• Insas Berhad is involved in the following segments: 1) Financial services and credit & leasing: Stock broking and dealing in securities, provision of corporate finance and advisory services, credit and leasing and granting of loans and oth er related financing activities; 2) Property investment and development; 3) Investment holding and trading of quoted securities and other related financial instruments; 4) Retail trading and car rental; and 5) IT-related manufacturing and services.
• After share price fell to the low of RM0.75 on 16 Dec 2014, it is building a firmer uptrend line. Accumulation phase (which is the start of the upward momentum) formed since 29 Apr 2015. Noticeably, reading from MACD, RSI and Slow Stochastics showed that buying momentum is gradually picking pace.
• In addition, “Hammer” candles tick (sign of reversal of downtrend) on weekly chart provides ammunition to the buying momentum. Further upsides are targeted at RM1.00 (200-d SMA) and RM1.05, with a long-term objective of RM1.13 (gap on 27 & 28 Nov 2014). Immediate supports are pegged at RM0.95 and RM0.93. Cut loss below RM0.91.

Source: Hong Leong Investment Bank Research - 18 May 2015