Hi guys,
Is INSAS BHD really worth Rm3.00 according to Leno
See
INSAS CANTEEEEEEEEEEEEEEEEEEEEKKKK !! RM 3 RINGGIT !! |
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Posted by Leno> RM 1 ? Fak u ! RM 3 RINGGIT ! RM 3 RINGGIT ! INSAS CANTEEEEEEEEEEEEEEEEKKK !!!' |
LET US FIND OUT THE TRUTH
1) INSAS IS TOP HOLDER OF INARI SHARES
Plesae go to Bursa Saham Website. AR OF INSAS BHD & scroll down to Top 30 Substantial Holders
THIRTY LARGEST SHAREHOLDERS (Without aggregating the shares from different securities accounts belonging to the same depositor) NO. NAME NO. OF SHARES %
1 INSAS TECHNOLOGY BERHAD 216,846,250 10.73
2 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 138,983,700 6.88
3 MALAYSIA NOMINEES (TEMPATAN) SENDIRIAN BERHAD PLEDGED SECURITIES ACCOUNT FOR INSAS TECHNOLOGY BERHAD (01-00847-000) 56,000,000 2.77
4 CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLOYEES PROVIDENT FUND BOARD 48,006,850 2.38
5 DB (MALAYSIA) NOMINEE (ASING) SDN BHD BNYM SA/NV FOR ROCHDALE EMERGING MARKETS PORTFOLIO 40,314,879 2.00
6 HSBC NOMINEES (ASING) SDN BHD HSBC BK PLC FOR SAUDI ARABIAN MONETARY AUTHORITY 38,673,342 1.91
7 HO PHON GUAN 32,133,752 1.59
8 CARTABAN NOMINEES (TEMPATAN) SDN BHD PAMB FOR PRULINK EQUITY FUND 30,585,800 1.51
9 UOBM NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR INSAS TECHNOLOGY BHD 30,000,000 1.49
10 PERMODALAN NASIONAL BERHAD 27,735,700 1.37
11 ALLIANCEGROUP NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR INSAS PLAZA SDN BHD (6000068) 25,000,000 1.24
12 AMANAHRAYA TRUSTEES BERHAD PUBLIC ISLAMIC SELECT TREASURES FUND 24,897,400 1.23
13 CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLOYEES PROVIDENT FUND BOARD (NOMURA) 24,300,000 1.20
14 M & A NOMINEE (ASING) SDN BHD FOR WANG RICHARD TA-CHUNG 24,082,256 1.19
15 MAYBANK NOMINEES (TEMPATAN) SDN BHD MAYBANK TRUSTEES BERHAD FOR PUBLIC REGULAR SAVINGS FUND (N14011940100) 22,576,200 1.12
16 HSBC NOMINEES (ASING) SDN BHD BBH AND CO BOSTON FOR VANGUARD EMERGING MARKETS STOCK INDEX FUND 21,895,900 1.08
17 CITIGROUP NOMINEES (ASING) SDN BHD EXEMPT AN FOR CITIBANK NEW YORK (NORGES BANK 14) 20,058,752 0.99
18 UOBM NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR INSAS TECHNOLOGY BERHAD 20,000,000 0.99
19 TOKIO MARINE LIFE INSURANCE MALAYSIA BHD AS BENEFICIAL OWNER (PF) 18,744,200 0.93
20 CARTABAN NOMINEES (ASING) SDN BHD EXEMPT AN FOR STATE STREET BANK & TRUST COMPANY (WEST CLT OD67) 18,507,502 0.92
21 AMSEC NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT - AMBANK (M) BERHAD FOR INSAS PLAZA SDN BHD 18,334,000 0.91
22 AMANAHRAYA TRUSTEES BERHAD PUBLIC ISLAMIC OPPORTUNITIES FUND 18,240,750 0.90
23 HSBC NOMINEES (ASING) SDN BHD JPMCB NA FOR VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND 16,557,950 0.82
24 CITIGROUP NOMINEES (ASING) SDN BHD CBNY FOR EMERGING MARKET CORE EQUITY PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC 15,904,688 0.79
25 INSAS PLAZA SDN BHD 12,720,050 0.63
26 UOBM NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR INSAS PLAZA SDN BHD 12,500,000 0.62
27 HSBC NOMINEES (ASING) SDN BHD DZ PRIVATBANK FOR QUONIAM FUNDS SELECTION SICAV-EMERGING MARKETS EQUITIES MINRISK 11,920,410 0.59
28 HSBC NOMINEES (ASING) SDN BHD EXEMPT AN FOR SKANDINAVISKA ENSKILDA BANKEN AB (UCITS V SWEDISH) 11,450,224 0.57
29 AMSEC NOMINEES (TEMPATAN) SDN BHD MTRUSTEE BERHAD FOR CIMB ISLAMIC DALI EQUITY GROWTH FUND (UT-CIMB-DALI) 11,287,500 0.56
30 M & A NOMINEE (ASING) SDN BHD FOR MEDIA LANG LIMITED 11,011,000 0.55
AS WE CAN SEE INSAS IS IN TOP 1, 3, 9, 11, 18, 25 & 26 POSITIONS WITH A TOTAL OF 373,066,300 INARI SHARES
BUT LOOK AGAIN
ON MARCH 30 2018 INARI OFFERED 2 FOR 1 BONUS ISSUE OF INARI SHARES
30-Mar-2018 | 11-Apr-2018 | BONUS_ISSUE | Bonus Issue | 1 : 2 |
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SO
373,066,300 INARI SHARES X1.5 = 559,559,450 INARI SHARES
FROM HERE WE CAN SEE THAT INSAS OWNS A TOTAL OF 559.559450 MILLIONS OF INARI SHARES
THE CURRENT SHARE PRICE OF INARI IS RM2.44 A SHARE
SO 559,559 X 2,440 = RM1.365 BILLIONS
WOW IN INARI ALONE INSAS HAS A WHOPPING RM1.365 BILLIONS WORTH OF CASH EQIVALENT!!
INSAS CANTEEEEEEEEEEEEEEEEEEEEKKKK !! RM 3 RINGGIT !! |
THE TOTAL PAID UP CAPITAL OF INSAS IS 663,006,342 (ABOUT 663.006 MILLION SHARES)
HOW MUCH CASH EQIVALENT PER SHARE?
SO DIVIDE 1,365,000,000 BY 663006342 = RM2.05 A SHARE (WOWEE!!)
JUST IN INARI SHARES ALONE INSAS HAS RM2.05! HUHUHU! EUREKA!!
2) At 90 Sen with NTA of Rm2.47 at Huge 64% Discount to NTA. More than twice the margin of safety Ben Graham required at 30%
Currency: Malaysian Ringgit (MYR)
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 Mar 2018
|
31 Mar 2017
|
31 Mar 2018
|
31 Mar 2017
|
||
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
1 | Revenue |
76,459
|
113,838
|
263,138
|
236,393
|
2 | Profit/(loss) before tax |
10,698
|
68,001
|
91,606
|
152,398
|
3 | Profit/(loss) for the period |
7,893
|
66,051
|
83,369
|
145,654
|
4 | Profit/(loss) attributable to ordinary equity holders of the parent |
7,930
|
66,204
|
83,579
|
146,097
|
5 | Basic earnings/(loss) per share (Subunit) |
1.20
|
9.99
|
12.61
|
22.04
|
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 ($$) |
2.4700
|
2.3400
|
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
3) A CHECK WITH INSAS NET NET ASSETS REVEAL PRIME PRIME PROPERTIES OF GREAT VALUE
See for example
iINSAS OWNS 10 STOREY BUILDING IN IPOH CITY WORTH OVER RM12 MILLIONS
SHOPHOUSES IN PJ, MID VALLEY AND ALSO IN SINGAPORE
SURPRINGLY INSAS IS ALSO A DEVELOPER AND IT HAS 130 ACRES OF FREEHOLD LANDS IN BKT TINGGI
VALUED AT ONLY RM38 MILLIONS
ARE THESE LANDS UNDERVALUE?
So RM38,000,000 divides by 130 acres = Rm292,307 per acre
and per sq ft? Divides by 43,560 = Rm6.7 sen psf for freehold lands in bkt tingggi. THAT'S CHEAP!
IN BKT TINGGI FREEHOLD LANDS ARE NOW SELLING AT LEAST MORE THAN RM10 PSF to RM25 PSF
SO IF ASSETS OF INSAS ARE REVALUED THE NTA SHOULD CROSS RM3.00
NO WONDER LENA SHOUTED
Jun 6, 2018 03:07 PM | Report Abuse
INSAS CANTEEEEEEEEEEEEEEEEEEEEKKKK !! RM 3 RINGGIT !!
4) INSAS ALSO OWNS M&A SECURITIES. ONE OF THE BIG SECURITY FIRMS IN MALAYSIA JUST LIKE TA ENTERPRIZE
TONY IS TRYING TO TAKE TA PRIVATE. AND WITH SO MANY SECURITY FIRMS PRIVATISED LIKE BJ CAP, HL CAP, HWANG AFFIN, KAF SEA GROAT & OSK INSAS WILL ALSO BE A STRONG CANDIDATE FOR PRIVATISATION
NOW ALL THE MORE WITH NEW WIND OF FORTUNE BLOWING
NO STAMP DUTY OR GST FOR TRADING
SHORT SELLING PERMITTED
INTER ASEAN TRADING PLATFORM PROPOSED BY LGE
INSAS WILL SEE A VERY BRIGHT FUTURE LIKE TA
5) INSAS ALSO GOT RETAIL BUSINESSES LIKE
a) PACIFIC RENT A CAR
b) DOME COFFEE (Example is the one in JPO)
With Cheap Ringgit Tourists are flocking to low cost Malaysia. So good for INSAS' Businesses
6) INSAS Also Loan Out Monies for Interest like TA or a bank.
Perhaps this is the main reason why INSAS does not give high dividend as its conserves its Cash for Maximum Value Generation for Shareholders
A Good Example is INSAS buying DGSB shares at 4.5 sen. Just like Insas invested in Inari with tremendoue success.
As of now DGSB share price has surged to 6.5 sen or up 44%
Ha! INSAS' BOSSES are handson people just like TMakmur. They invest in Security Firms, Car Rental Company, IT Company, Branded Coffee Outlets and also build their own Shops & Offices.
IT IS A HUGE MONEY GENERATING CONCERN
No wonder It looks so Insane that INARI Shares alone now is worth more than the Total Paid Capital of INSAS.
7) I AM SO HAPPY WITH INSAS AND SO BULLISH THAT I INVESTED BOTH THE MOTHER & INSAS WARRANTS
When i go those Insas warrants my remisier whataspped, "I bought some Insane warrants for you.
Insane warrants? SO GOOD FOR I BOUGHT A SHARE SELLING AT INSANE BARGAIN
A SHARE WORTH RM3.00 GOING AT ONLY 90 SEN?
REALLY INSANE, OH SHOULD BE INSAS
WARM REGARDS
Calvin Tan Research
Please buy or sell after doing your own due diligence.
Chart | Stock Name | Last | Change | Volume |
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Created by calvintaneng | Aug 23, 2024
Created by calvintaneng | Aug 22, 2024
Created by calvintaneng | Aug 03, 2024
Our friend TheContrarian is correct!
i missed out the Top no. 21 in which Insas own another 18 millions inari shares. Which mean that after bonus issue Insas got another 27 million inari shares.
That would bloat up Insas total value in Inari aetclone to over Rm1.4 Billions or Rm2.20 pPper share
Rest of Insas businesses in Security firm, Properties, Dome Coffee, Pacific Car Rental, leasing business, Dgsb shares and etc etc to another 80 sen easily to make it Rm3.00
Really canteeek indeed
2018-07-27 00:41
Inari shares are reflected in Insas financial statements at only 37 sen per share because Insas treats Inari as an Associated Company. Insas NTA does not take into account the excess of Inari market value over its 37 sen cost.
2018-07-27 00:48
If we take market value of Inari shares at say, RM2.37 subtract cost of 37 sen will give rise to a gain of RM2. Multiply by say, 600 million Inari shares held by Insas, total gain to add on to NTA is RM1.2 billion which means Insas is worth almost RM2 higher than NTA per share.
2018-07-27 00:54
but bro @thecontrarian, as insas is a diversified group, discounted sum of parts is used. however, there r no ibs issuing a report on insas.
best method now is using estimated eps of 17sens with a pe of 7, so fair value of insas is ard 140sens.
secondly, becos inari is paper gain and not realized gain, nta cannot be used in the calculation.
2018-07-27 01:44
To Calvin the sum total of assets minus all liabilities will be the true value
IF TODAY IS THE DAY OF REKONING FOR INSAS AD A GOING CONCERN AND ALL ASSETS MUST BE SOLD AT MARKET. THEN MINUS ALL DEBTS.
THAT NET NET LEFT OVER BY 5PM WILL BE THE TRUE INTRINSIC VALUE
1. HOW MUCH WILL INARI SHARES GARNER IN TOTAL? RM2.OO A SHARE?
2. SALE OF ASSETS IN MALAYSIA AND OVERSEA WILL BRING IN HOW MUCH?
3. WHAT ABOUT ITS CAR RENTAL FRANCHISE BUSINESS AND ALL MOTOR VEHICLES VALUE? ITS ESTABLISHED CLIENTELE?
4. ITS RIGHTS TO DOME COFFEE IN MALAYSIA
5. ITS STOCK BROKERING LICENCE IN M&A SECURITIES. HOW MUCH RHB TOOK OSK SECURITIES PRIVATE? KAF TAKEN PRIVATE RM2.70. BJ CAPITAL AT RM3.OO. HL CAP AT RM16? HWANG AT RM? DR YU TRIED BUT FAILED TO BUY OVER PM SECURITIES.
WITH TA OUT OF THE WAY A STOCK BROKERING LICENCE IS AS RARE AS A WHITE RHINO
6. ITS BUILDING BUSINESS?
7. ITS MONEY LENDING LICENSE? WORTH HOW MUCH?
8. ITS WORLDWIDE INVESTMENTS. Example is DGSB shares.
THEN DEDUCT ALL EXPENSE AND LIABILITES.
SO NET ASSETS MINUS NET LIABILITIES =
REAL VALUE
PURE AND SIMPLE.
GOOD NIGHT
ZZZZZzzzz...
sweet sleep...mmm...zzz
2018-07-27 02:35
KUALA LUMPUR: AmInvestment Bank Research expects Inari Amertron to register a robust earnings compounded annual growth rate (CAGR) of 31% from FY17 to FY20F.
It said on Wednesday that underpinning the growth would be three core pillars.
The first is radio frequency (RF), which benefits from the transition to 5G and rising content per device.
The second are laser devices, which are boosted by increasing biometric and augmented reality (AR) applications in smartphones.
image: https://content.thestar.com.my/smg/settag/name=lotame/tags=all
The third is LED, which rides on rising demand for high-resolution billboards in shopping malls.
“We maintain our Buy recommendation on Inari with a higher fair value of RM2.61/share (vs. RM2.50 previously). Our valuation is pegged to a CY19F PE of 20 times, in line with its three-year average,” it said.
AmInvest Research revised its FY19F and FY20F earnings marginally upwards by 4.1% and 4.2% respectively after factoring in a slightly higher utilisation rate for its RF segment.
It believes that the segment will continue to grow sturdily on the back of rising RF content in smartphones, which is needed to facilitate the transition from 4G LTE to 5G.
Aside from that, Inari is working with its German customer to develop several new products.
The first is fine-pitch LED (less than 2mm pixel pitch) used for billboards and other public display panels; and the second is health sensor as well as vertical-cavity surface-emitting laser (VCSEL) components for both 2D and 3D sensing applications.
“We believe meaningful earnings contributions from the new products will start showing in six to nine months’ time. For now, raw materials are being consigned to Inari for processing. After three to six months of observational period, if volume picks up, Inari would start purch
Read more at https://www.thestar.com.my/business/business-news/2018/07/25/aminvest-research-strong-earnings-growth-for-inari-amertron/#eTFefgoWjhWZeIJD.99
2018-07-27 02:50
insas dreamer...those are dream calculaions. no idiot will sell at 88sen if it is worth 2.05 dream on.
2018-07-27 08:38
Good morning,
Yu and Mee,
Most businesses of Insas are cyclical
With Gst Malaysian consumers held back spending. Revenue can drop.
Bursa trading also cyclical. Exports too.
But we look from the angle of Value.
If Insas is worth Rm3.00 and going at one third price offers deep value.
Value could be overlooked or under appreciated
Last time there was a stock recommended by Dr Neoh Soon Kean of Dynaquest. That stock was KESM at about Rm3.00. It has good earnings due to its business with motorolla. It also got high NTA i think.
But it gave peanut dividend of a few miserable sen
And it was dull. So i sold it off for a small profit
Lo and behold. Mr Market finally discovered Kesm and pushed it near to Rm20.00
SO ONE DAY SOMEONE SOMEWHERE WILL ALSO WAKE UP TO THE REAL VALUE OF INSAS
I
2018-07-27 09:34
YES OPUSTANG
THIS IS CALLED MISPRICING OF VALUE
SOMETHING OF GREAT VALUE COULD BE GOING FOR A SONG.
IN ANCIENT TIMES BRITISH TRADERS EXCHANGE KNIVES AND BALLOONS FOR THOSE ROUGH DIAMONDS FROM AFRICAN NATIVES WHO KNOW NOTHING ABOUT ITS VALUE
SO MANY HAVE MISSED SUPER ENTERPRIZE, TMAKMUR, THESTORE, KULIM AND KAF
2018-07-27 09:38
3101575000 likes this.
GOOD
YOU CLICKED 'likes'
ONLY YOU ARE INTERESTED/
so good
if many are interested in INSAS BY THEN IT'S TOO DANGEROUS TO CHASE
FOR NOW JUST SLOWLY ACCUMULATE
2018-07-27 11:16
How to identify a loser on i3
Author: HerbertChua | Publish date: Fri, 27 Jul 2018, 02:05 AM
To identify a loser on i3, the loser must possess the following traits:
1) Most or all comments are flagged due to abuse. An example is joetay2. This less than animal scum has most of his comments flagged:
https://klse.i3investor.com/servlets/cube/post/joetay2.jsp
2) Most or all comments are abusive and vulgar. joetay2 is an example of a abusive and vulgar childish character
3) Childish mindset that lost significant amoun of money and curse everybody to release his tension
Thank you,
Chua
2018-07-27 11:21
btw bodoh coward calvintaneng, why u no reply me on mnrb?????
is mnrb facing financial troubles as u stated in ur posting?????
can u be a man and answer me?????
lol.........
2018-07-27 11:23
Herbert is very observant
Abusive posts contravene i3 investor forum rules. So good to ban them
If you open a restaurant or business and thugs come and disturb?
Customers will not come.
Foreign fund managers are nauseated by all these cyber thugs and hooligans
So if less people visit i3 forum then ratings will drop.
Thank goodness
i3 investor forum is still Top 58 in Malaysia popular search engine
So keep it up
Clap
Clap!
Clap!!
To i3 investor forum team
2018-07-27 11:42
Not say i put a cool water. People rather buy inari instead of insas. Everyone who involve in Bursa also know Insas is good but price can not go up. So what for putting a money in a counter that can not move....so many year pass by n so many people keep waiting Insas to shoot...but end up it kill all the retailer by bore them up. Of courae if u buy now might is year low....any rebound not supprise at all. What about those buying high which think one day it can cross rm 2.00. Just like bjcorp...is good but price can not move. The director already milti billion...so they dun have time to take care a small holder ...price never go up they also never care. At least Brk.b is expensive...but it move.
2018-07-27 11:45
it is no brainer to buy the durian farm (insas) for rm90k
why pay rm240k (inari) for the durian fruit alone?
2018-07-27 11:57
buy inari better than buying insas?
short term punting maybe not long term investing
insas is 90 sen. it owns inari shares worth rm2.20
inari is rm2.40
say today is the day of accounting and liquidation
Insas will give a net net cash of rm3.00
inari? i don't see much
What is the day of reckoning?
When Saigon fell in year 1975 those vietnamese boat people could carry off usd and small amount of gold in flight
rest were lost to communists
so in a time of crisis..insas will withstand any collapse or insolvency as it can dispose assets
like buying mau sang wang fruit or buying the mau sang wang farm on the cheap?
yes you can buy the farm for say rm90k with all the fruit trees
or pay rm240k just for the fruit alone?
So use your brain and calculate ok?
2018-07-27 12:08
Hahahaha......are u from algriculture?
90k per acre ...u know where is the land n how the land can produce a quality fruits? Rm240 k still people willing to buy...what is the different. Perhaps u are good in propertiea location...but farming....dun joke with me. Ur so call discount NTA calling buy from high to low. Once rebound...shout all way. I no need to argue coz u already very famous. Everyone know u....i just a small guy planting in small farm. PLS i beg u...dun show off again ur call on Jaks..bla bla bla...sick of it.
2018-07-27 12:21
One more...pls dun reply back coz i will not open back this articles....
We already know what is ur next reply...hahaha. well known famous cal.bye...
2018-07-27 12:25
Dear all,
To unlock the value of Insas someone has to buy to 32.99% and then proposed resolution to distribute Inari share to insas shareholders at the coming AGM.
Thank you
2018-07-27 12:33
ai kin lai
You don't see what i SEE?
It's an inoculation.
Either you see it at first instance or you won't see it after a life time of explanation - according to Warren Buffet
VALUE RECOGNITION IS IN AN INSTANT
Hmmm?
Just think
IF INSAS TOP MANAGEMENT DECIDES TO SELL ALL INARI SHARES TO SAY AMAZON OR GOOGLE?
IT WILL BRING IN OVER RM1.432 BILLIONS
INSTANTLY INSAS WILL GET GET RM2.40 PER SHARE
IF YOU BUY INSAS AT 90 SEN?
AND THEY GIVE YOU RM2.20 CASH DISTRIBUTION ALL AT ONE GO?
HOW THEN?
WAHAHAHAHAHA!!!
2018-07-27 12:38
Dear calvintaneng,
Do you know any corporate raiders? If you know them please drop in their email address.
I will write to them encourage them to raid Insas and unlock its value.
Thank you
2018-07-27 12:53
SURE ONE DAY SOME MALAYSIAN TYCOON WHO HAS BEEN TO USA WITH WEALTH AND INTELLIGENCE WILL DO A CORPORATE RAIDING OF INSAS.
BUY UP ALL SHARES THEN DISMANTLE AND SELL IT PIECE MEAL TO UNLOCK VALUE.
THE VALUE SHOULD BE ABOVE RM3.00
2018-07-27 14:54
HMMM?
MAYBE DR YU WILL COME FOR M&A SECURITY
HE DID THAT WITH HONG LEONG CAPITAL ONCE
HL CAP FLEW UP ALL THE WAY FROM A PENNY STOCK TO RM16.00
2018-07-27 14:55
Calvin, one thing I forgot to say is that Insas has shares in OCBC. How much is OCBC now?
2018-07-28 01:29
Yes OCBC SPORE LAST TRADED AT S$11.66
About Rm35.00
INSAS HAS SO MANY MANY HIDDEN TREASURES
2018-07-28 14:31
calvin,
Correction
If ocbc share is still there ....it is reflected in the mark to mkt gain or loss every qtrly reporting mah....!!
Thus for listed securities there are no hidden value, unlike the 20% unlisted gleneagle assets u have mentioned.
2018-07-28 14:39
Yes Sifu Raider is correct
btw i stopped commenting in jaks forum.
After federal court jaks still want to waste time appealing to UK Court? So much time and expense will be wasted by Jaks.
And more time spent in giving Rights Issue to raise capital? How come no money from purported China payments? Jaks also got KYY facing margin calls? Yet people still want to gamble with Jaks. i think Insas share price will overtake Jaks soon. Also your Hengyuan looks much safer that Jaks with lawsuit, cost over run, waste of time in Rights exercise and uncertainty of Viet Power jobs.
2018-07-28 15:41
Way back in 2018 we already have been discussing on how deeply undervalued Insas was and today it is still is.
2024-05-11 18:18
@speakup, over the years more and more people having been trapped learn of the term "value trap".
2024-05-12 17:54
Back in 2018 Insas value already RM3 but ...... how come Insas market price never went beyond RM1.35 in the past 6 years?
2024-05-12 18:25
joetay2
Post removed.Why?
2018-07-26 23:14