THE INVESTMENT APPROACH OF CALVIN TAN
IFCA Versus INSAS: Compare and Contrast Their Growth Performance (Calvin Tan)
calvintaneng
Publish date: Mon, 02 May 2016, 11:27 PM
calvintaneng
0 1,799
Hi Guys,
I have An Investment Approach I which I would like to all.
I have An Investment Approach I which I would like to all.
IFCA MSC BERHAD [S] (0023)
Company Website
Initial Public Offering Document
Annual Report
General Meetings
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Dec 2015
|
31 Dec 2014
|
31 Dec 2015
|
31 Dec 2014
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
23,164
|
31,188
|
101,632
|
89,241
|
| 2 | Profit/(loss) before tax |
77
|
11,662
|
25,917
|
25,382
|
| 3 | Profit/(loss) for the period |
159
|
9,090
|
21,696
|
21,560
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
599
|
10,379
|
21,766
|
20,770
|
| 5 | Basic earnings/(loss) per share (Subunit) |
0.11
|
2.29
|
3.81
|
4.58
|
| 6 | Proposed/Declared dividend per share (Subunit) |
1.00
|
1.00
|
1.00
|
1.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.1700
|
0.1500
|
||
Above is the 5 Year Chart of IFCA & Quarterly Result
2nd Chart Shows INSAS OWNED INARI Chart (INSAS Is Very Wise To Sell INARI At Peak Prices at Huge Gain)
The 3rd Chart is the 5 Year Chart of INSAS & Quarterly Result
IFCA went up from 7 cents to a high of over Rm1.80 & then back to 63.5 cents. All on the GST hype & expansion into China. And CIMB Research gave a target price of INSAS at Rm2.20.
Those who greedily chased till Rm1.80 have lost more than Rm1.00 now.
Latest quarter of IFCA showed a miserable 0.11 cts profit. NTA is a mere 17 cts. At this lofty price of 63.5 cents IFCA IS GROSSLY OVERVALUED!
Calvin Tan Research predicts that it is only a matter of time IFCA will fall below 50 cts.
So It Is A Call for Strong Sell on IFCA
IFCA?
If
Fall
C (Hokkien for die)
Arghh!!
NOW Let's Take a Look at INSAS
INSAS Has Garnered 7.74 sen this quarter. Of course the profit came from Asset sale. But why INSAS is overlooked while Fiamma, Eg, Seacera & HapSeng all also go up due to Asset Revaluation?
Ha! Because No Syndicates is in INSAS?
Well, then INSAS is Very Safe To Buy.
Why?
INSAS Is Selling at 68 cts with NTA of RM1.96 - A Big Discount to NTA of 68%. IT HAS A BIG MARGIN OF SAFETY!
A Closer Look At INSAS SHOW SUPERIOR ASSETS:
Among the assets of INSAS are 10 Storey Office in Ipoh. Perak, shops in Malaysia, Singapore & HK.
INSAS own the Superior INARI Company (And it has taken profit at peak prices!)
Its Pacific Rent A Car will do well as tourists are now returning to Malaysia. And these past 3 days there were lots of domestic tourists in Penang, Melaka & Johor.
INSAS also got M&A Securities Firm throughout West & East Malaysia. So INSAS is well diversified.
At 68 cents Solid Value Has Emerged For INSAS. And INSAS has a Rm200 MILLIONS CASH HOARD.
Calvin Tan Research calls for a Strong Buy on INSAS Now!
INARI AMERTRON BERHAD [S] (0166)
Company Website
Initial Public Offering Document
Annual Report
General Meetings
INSAS BERHAD (3379)
Company Website
Annual Report
General Meetings
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Dec 2015
|
31 Dec 2014
|
31 Dec 2015
|
31 Dec 2014
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
72,244
|
108,664
|
119,550
|
179,779
|
| 2 | Profit/(loss) before tax |
53,413
|
10,107
|
27,687
|
35,345
|
| 3 | Profit/(loss) for the period |
50,176
|
7,330
|
21,897
|
31,034
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
51,331
|
6,832
|
22,310
|
30,571
|
| 5 | Basic earnings/(loss) per share (Subunit) |
7.74
|
1.02
|
3.36
|
4.59
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
1.00
|
1.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.9600
|
1.9100
|
||
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Discussions
2 people like this. Showing 10 of 10 comments
EPF BUYING INARI GOOD FOR INSAS!
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5084069
2016-05-04 21:08
This was the article written by Calvin which drew my attention to Insas. After studying Insas share movement for weeks I finally went on to collect Insas shares at prices ranging from 65 - 68 sen. Thank you Calvin.
2017-10-07 21:30
never knew insas is linked with inari.
btw, i have been holding inari since 2013.
anyway @TheContrarian, is insas worth a punt????
seems like calvin can give some good picks accidentally sometimes.
lol............
2017-10-07 21:51
I too didn't know Insas owned 20% of Inari until I read Calvin's write up. Insas is one of the many deeply undervalued stocks. No one knows when it will stage a rally, so the success of any punt will depend on the timing. The reason I held on Insas is because of Inari. Without Inari, Insas is an average stock. But with 400 million Inari shares reflected in its accounts as only around 55 sen apiece, it has deep hidden values. Moreover the NTA without the unrealized gain of Inari shares is already in excess of RM2.30.
2017-10-07 22:07
yup, the unrealized gain shld be ard 2.3 assuming insas cost is ard 25sen ex-ri and ex-bonus.
2017-10-07 22:26
yup, 55sens sounds abt rite.
i remember there were 2 rds of ri and 2 rds of bonus issues if not wrong in the past 3-4 yrs i m holding the stock. i remember i have to top up quantity of the stock in the second ri becos of the ratio.
2017-10-07 22:50
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
PurplePain
Buy insas whn its main value inari is dropping u sure?
2016-05-03 07:52