Posted by TheContrarian > Feb 2, 2024 7:19 PM | Report Abuse
Mr Sslee, did you manage to buy any KPS today?

I q buy 81 and 80.5 a bit late so did not match. Will try again on monday.

There are still a lot of hard work, many court cases to settle and many legacy issues to clear out before SCIB can truly turnaround.

Know why Bplant Sarawak hardly make any money?
Indonesians are many time hard working than Sarawakians because if Indonesians do not work then no income whereas we have too many hand out or free lunch.

KUCHING, 29 NOVEMBER 2023 – Industrialised building systems specialist, Sarawak Consolidated

Industries Berhad ("SCIB" or the "Company"), today celebrates significant milestone in its Q1FY2024 financial results. Demonstrating a remarkable turnaround, SCIB has not only boosted its revenue but also
transitioned into profitability, a testament to the strategic acumen and diligent efforts of its management team.

The Group announced a robust revenue of RM39.4 million for the quarter, a stellar 30% increase from the RM30.3 million recorded in the same period last year. This strong performance is further accentuated by a profit before tax (“PBT”) of RM2.1 million, a remarkable recovery from the loss of RM0.9 million in the corresponding quarter of the preceding fiscal year.

The Manufacturing division, the cornerstone of SCIB's success, reported a revenue of RM29.6 million and a PBT of RM4.2 million. This is a significant uplift from the RM24.2 million in revenue and RM1 million in PBT seen in the same quarter of the previous year, driven by increased sales volume of foundation piles and enhanced profit margins.

In the Construction/EPCC segment, the Company registered revenue of RM9.8 million, a positive development attributed to ongoing road maintenance and school projects, despite a marginal loss before tax (“LBT”) of RM0.3 million, primarily due to higher expenditures.

In the latest quarter, SCIB's financial performance significantly outstripped the previous period, with revenue soaring by 18.3% to RM39.4 million. This marked increase is a testament to the Company's robust sales and operational efficiencies. More impressively, PBT witnessed a remarkable leap, which is a clear indication of SCIB's successful strategic turnaround and management's effective decision-making in navigating the market and optimising operations. This outstanding growth in both top-line revenue and bottom-line profits underscores SCIB's strong market position and operational excellence.

Thanks i3lurker,
Will study SCIB this weekend.

AAX exit PN17 by debts restructure paying 0.5 cent for every dollor owed (included refund owed to customers), capital reduction , 10 to 1 shares consolidation and PP 32,258,066 AAX shares at RM 1.55 to boost the sahreholders' equity above min RM 40 million.

Can capA do above too to exit PN17?

i3lurker,
Are you serious about SCIB. It was NOT a mouse trap joke?

This morning only my q buy DXN 65 sen done.

Below what Philip analysis on SKPRES:

Philip ( buy what you understand) Some bad choices to be made, this year I cut loss of almost 50% on skpress for their reduction in contacts of Dyson that flew over to Vietnam due to lower costs and better supply chain management. I expect to be wrong, but I think for now I will transfer the funds to SDS over the week, bought from 0.72 onwards since 22 until thaipusam. I have good feelings about this little company that is pulling all the right decisions and managing it's growth very very well.
29/01/2024 9:52 PM

I follow TheContrarian q buy at KPS.

I think the last one will get 1 year free subscription OTB's stock picks and TA breakout alert.

As at 30/9/2023 Capital A
Current assets: RM 2,072,007,000
Current liabilities: RM 14,599,870,000
Net current liabilities: RM (12,527,863,000)
Shareholders’ equity RM (8,427,155,000)
Non-controlling interest: RM (2,101,925,000)
Total equity: RM (10,529,080,000)

To exit PN17 shareholders' equity must min RM 40 million.

Posted by i3lurker > Feb 1, 2024 2:19 PM | Report Abuse
knowing Tits & Nipples
CapA pays nothing
AAX pays nothing
Suiyee Sucker Bilis pays for everything 👍😁

Will nasdap suiyee sucker bilis pay???? Or passangers and tax payees pay???

Posted by The_JQuestion > Feb 1, 2024 11:42 PM | Report Abuse
I expect a 6 billion revenue report :)) ... that being listed in nasdap as planned and disposal to AAX

Someone likes eavesdropping but very poor in english, can't understand what is figuratively, literally or sarcastically speaking (
pariaa country, pariaaa ppl , pariaaa food …) thus keep twisting and turning other people word into an insulting spiteful attack.

For the record someone eavesdropping my advise/conversation with stockraider in Netx and Insas forum and since then keep twisting and turning my advise to stockraider as kon, attention seeker and etc.

By the way i3lurker, did he also fall for Enron jokes too and not just Hengyuan at 44 floor?

Why you can find the answer below:

FastMoney666 This is what KC Chong said in this blog re iCAp. SS Lee shared the link

"I also believe the fund manager is good one too and he should be able to grow the NAV of icap faster than the broad market. It helps if he has more humility. Just my personal opinion."

Humility is the key word😂😂
29/01/2024 6:44 PM

TotalEnergies has signed an agreement with OMV to acquire its 50% interest in Malaysian independent natural gas producer and operator (SapuraOMV) for $903 million (including the transfer of a $350 million loan granted by OMV to SapuraOMV). Sapura OMV is the joint venture between Sapura Energy BerhadSapuraOMV Upstream Sdn and OMV.

It mean TotalEngies pay OMV USD 903 million to take over 50: 50 JV SapuraOMV now become SapuraToalEnergies (50:50) and the intercompany loan Sapura owed to OMV is now intercompany loan owed to TotalEnergies.

Nothing change for Sapura.

I am still holding 950,600 unit of Insas shares.

CharlesT,
I already recovered back all the losses from Xingquan/red chip companies and also making profit from my shareholding and share trading not forgeting the dividend received.

My thousand thanks to all the Sifu's in i3 that teach and show me how to make money from Bursa.

Am I right to say if capA's aviation value at RM 4 billion and if AAX need to take over net liabilities of RM 10 billion from capA book then capA need to pay AAX RM 6 billion to complete the deal?

Just for information.
Month end Jan 2024
I make realized gain RM 350,401.93
Still holding book gain: RM 651,109.85
Dividend received:
Bonia: RM 500
Pantech: RM 2,625
Ewint: RM 3,000
Insas: RM 58,125

Repost:
Jan 18, 2024 12:10 PM | Report Abuse

I can't say tambah as I am also selling to take profit.

Most likely next round TheContrarian and me will only senyap senyap tambah when we slowly for months accumulate from 75 sen to 85 sen.

And leno will come out shouting Insas canteeeeeeeek when Insas-WC break thro' 40 cents.


Stock: [INSAS]: INSAS BHD
Jan 18, 2024 11:50 AM | Report Abuse

The story.
Insas is a well known value trapped.

The controlling shareholders Dato' Sri Thong and PAC together holding 32.96 % like to trap all the value inside Insas net worth with billion in cash, associate companies and liquid assets.

Insas need shareholder activist to unload the value inside Insas. As of when this shareholder/holders will come and unlock the value? No one know. Or can it be "ini kali lah"

Meanwhile smat investor TheContrarian love Insas for the below reason:
And me can only reasoning with BOD for a better dividend every year.

Posted by TheContrarian > Jan 16, 2024 11:43 PM | Report Abuse
Insas is a counter where we slowly for months accumulate from 75 sen to 85 sen and then wait and wait and wait and wait for the lovely days where price finally spikes above RM1.10 to start taking profits.

Stock [JAKS]: JAKS RESOURCES BERHAD
Announcement Date 23-Mar-2017
Listing Date 24-Mar-2017
New type/class? No
Type Private Placement
Details PRIVATE PLACEMENT OF UP TO 43,836,100 NEW ORDINARY SHARES OF JRB REPRESENTING APPROXIMATELY 10% OF TOTAL NUMBER OF ISSUES SHARES OF JRB
No. of shares issued 43,836,100
Issue Price Malaysian Ringgit (MYR) 1.360
Par Value Malaysian Ringgit (MYR) 0.000
Total NOSH 482,197,172

The question:
How many LTIP free grants?

Stock [M&A]: M & A EQUITY HOLDINGS BERHAD
Announcement Date 18-Jan-2024
Reference No CS2-16012024-00066
Substantial Shareholder's Particular:
Name INSAS BERHAD
Details of Changes:
Currency -
Date of Change Type Number of Shares
15-Jan-2024 Disposed 85,770,000
Registered Name Insas Plaza Sdn Bhd
Nature of Interest Deemed Interest
15-Jan-2024 Disposed 14,230,000
Registered Name M & A Nominee (Asing) Sdn. Bhd. Montego Assets Limited
Nature of Interest Deemed Interest
Nature of Interest Deemed Interest
Shares Ordinary Shares
Reason Disposal of Equity Interest via Direct Business Transaction.

Total no of securities after change
Direct (units) 1,009,090,909
Direct (%) 50.49
Indirect (units) 106,627,756
Indirect (%) 5.34
Total (units) 1,115,718,665
Total (%) 55.83
Date of Notice 18-Jan-2024

The 100 million M&A shares disposal is to increase bumiputra holding in M&A. A relationship building to further expand M&A into diversified financial services group.

In October 2023, M&A Equity has signed a Sale & Purchase Agreement to acquire 75% equity interest in Value Partners Asset Management Malaysia Sdn Bhd, a licensed fund management company in Malaysia for a total cash consideration of RM2.75 million. The proposed acquisition will provide opportunity for M&A Equity to add on to its stockbroking, corporate finance & related businesses of M&A Securities to become a full fledge financial services provider. The proposed acquisition is pending approval of the relevant regulatory authority

Quarter end 31/03/2024:
In P&L statement other incomes will included
Gain on disposal of associate company share (10 million Inari shares):RM
Gain on disposal of subsidiary company shares (100 million M&A shares): RM

In P&L statement you record the share of profit of associate companies and that too will be taken out from operating cash flow.

Only dividend received from associate companies will be recorded in Cash flows from investing activities as dividend received

In Balance Sheet you only record equity accounting of associate companies and not the mark to market shares price of associate companies.

As at 30/9/2023
Insas
Non-current assets
Associate companies: RM 576,101,000
Note: The mark to market shares price of Inari alone is worth many time of equity accounting of associate companies RM 576,101,000

Please know the different Jaks RI is collecting free money from shareholders.

Insas RI of RPS is borrowing money from shareholders with interest payment and redeem at maturity date, and the free warrants to reward shareholders.

Jaks built the LSS4 at the very high cost (solar panel at that time was high) and bid at very low power selling price. Interesting to see whether 3 months end 31 Dec 2023 Jaks made any profit from LSS4.

By the way jaks cannot bid for any new project because jaks do not has any money unless another round of PP and RI.

The most what ALP can do is collecting MOU.

Maybank Investment Bank (Maybank IB) research has reaffirmed a "buy" call on AAX with a lower target price of RM3.40 (previously RM3.56).

The research house said the group's 3QFY2023 results were disappointing due to higher-than-expected jet fuel prices, which have since eased substantially.

However, Maybank IB expects fares to peak in the upcoming 4Q2023 and contribution from its associate Thai AirAsia X (TAAX) to improve starting next year.

AAX recorded a net profit of RM5.56 million for the third quarter ended September 30, 2023 (3QFY2023), marking the group's exit from PN17 classification.

China is so big with many history and beautiful places to visit.
Why should they go oversea to seesighting?
It is more beneficial and interesting to do seesighting in their own country

qqq3,
RPS (with 3.8 % interest) is not free money plans because Insas need to pay yearly interest of 3.8% and at the maturity date redeem the RPS.

After that Insas can then have another RI of RPS (with X.X% interest) and free warrants Insas-WD to reward the shareholders again.

RPS (with 3.8 % interest) is a form of borrowing money from shareholders and free warrants are to reward the shareholders who have confident with Insas and subscribe the RI entitlement with XX excess application.

I had bought and sold all my Insas-WC twice with very handsome gain. So no complaint from me and hope to do it again if opportunity arrive again.

My AGM question.
Return of Equity (%): FY2023 a poor 5.2% is not the fault of Insas Management Team but mainly due to BOD keep too much retained earnings (Equity keep growing) and hence will BOD kindly rectify the imbalance by distributing portion of the retained earnings to shareholders in the form of
special dividend?

https://klse.i3investor.com/blogs/Sslee_blog/2019-02-15-story-h1457041931-A_satire_glimpse_into_I3investment_Bloggers_Day_2024.jsp

A satire glimpse into I3investment Bloggers Day 2024
Author: Sslee | Publish date: Fri, 15 Feb 2019, 7:58 PM

Above what I wrote 5 years ago:
I can only hope by end of 2024 to acheive investment portfolio of RM 5 million half of ambitious RM 10 million.

Sslee
Train as a Chemical Engineer. An investment novice when he first tries his luck in stocks investment in year 2016. Lose his hard earned money in Xingquan. Start learning investment from all the Sifu in I3investor especially Kcchong.

A cute and weird fella. An activist shareholder: encouraging and putting pressure on management at AGM to increase shareholder value through change in dividend policy, corporate policy, governance, transparency and accountability. A very kind and forgiven person believe in human kindness and share effort and destiny for common good. His favorite quote:

“To err is human, to forgive divine” - Alexander Pope
“Everybody deserves a second chance, because life is too complicated to get it right the first time” - SkyLug.
“Everyone should be respected as an individual, but no one idolized.” – Albert Einstein
His Topic: How I turned from a novice investor into a late bloomer by learning and adapting all the I3investor Sifu’s successful methodology and now have a personal investment portfolio of RM 10 million. (Include: HLeBroking portfolio printout as prove of ownership)

At the end of last year my account and shares with Hlebroking total RM 3,607,457.80

All dividend directly paid into my Maybank account for family expenses managed by my wife.

Last year I need to move my fund to Petronm then to MBMR to acheive dividend of RM 200K+.

I can only wish if Insas give a better dividend then I do not need to move the fund around.

After already sold 60% now I have new problem what stocks to buy next, my aim for 2024 is at least collecting dividend of RM200k+.

I expect a 2 sen dividend from jayatiasa when quarter end 31 Dec 2023 financial result is out in end Feb 2024.

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

Income The problem is, I haven't seen anyone out there properly explain what's really going on – and what you need to do to prepare for it.
31/01/2024 11:00 AM

Allow me to explain the problem with Insas:
Market do not care Insas have
FD: RM 938,066,000
Cash and bank balances:RM 154,302,000
Associate company 527,008,575 Inari shares and subsidiary company 1,115,718,665 M&A shares.
Financial assets at fair value through profit or loss RM 228,481,000
Trade receivables: RM 517,332,000 of which RM 282,235,000 is loans receivables by Insas Credit & Leasing Sdn Bhd
Or
NAPS: RM 3.56
Market only value Insas as forward PE 5 to 10X.

Insas need to employ its cash hoard into new business/investment to generate more earning or else Insas will be forever a value trap.

Eagerly waiting what will be jaks impairment loss for quarter end 31 Dec 2023?

KUALA LUMPUR(Jan 31): Reneuco Bhd's share price took a downward turn on Wednesday morning, dropping to a historic low of 10 sen as the renewable energy specialist faced the risk of suspension due to the failure to submit its annual report on time.

The group reported a net loss of RM125.05 million in the July-to-September 2023 quarter, with revenues amounting to RM4.57 million. The loss was primarily attributed to an impairment of RM132.53 million.

By the way Insas in this month sold 10 million Inari shares and 100 million M&A shares. Will increase the cash hoard by about another RM 60+ million.

Posted by observatory > Jan 30, 2024 11:20 PM | Report Abuse
Some businesses do sell at a premium over its book value. Think of Heineken, Carlsberg, Nestle. The businesses have competitive advantages in the form of brands, product portfolios, distribution network and so on.

But for a fund like ICAP, what competitive advantages does it have? It’s just a collection of other company shares and bank FDs

Agreed with observatory,
Allow me to explain on my observation:
Definition: Intrinsic value is the Present value of the investment of all the expected cash flow over the lifetime discounted at the appropriate discount rate.

Intrinsic value = (CF1/ (1+d)^1) + (CF2/(1+d)^2) + ----- +(CFn/(1+d)^n)

Where:
CF = Cash Flow in the Period
d = Discount rate
n = The period number
This Intrinsic value is actually a Discounted Cash Flow (DCF)

Hence people only look into the forward cash flow or PE multiple in valuation
Example:
CapA's aviation:
Kenanga Research values Capital A’s airline assets at RM2.5 billion based on 10 times the group’s forward price-earnings ratio (PER) for the financial year ending Dec 31, 2024 (FY2024).

Maybank IB Research’s Yin ascribed a much higher valuation of RM5.47 billion, or 91 sen per share based on a forward PER (FY2024) of eight times.
And totally ignore the RM 10 billion+ net liabilities in the book.

Similarly people value Insas as forward PE 5 to 10 X and totally ignore Insas:
FD: RM 938,066,000
Cash and bank balances:RM 154,302,000
Associate company 527,008,575 Inari shares and subsidiary company 1,115,718,665 M&A shares.
Financial assets at fair value through profit or loss RM 228,481,000
Trade receivables: RM 517,332,000 of which RM 282,235,000 is loans receivables by Insas Credit & Leasing Sdn Bhd
Or
NAPS: RM 3.56

Hence in order to win big in share market you need to look for company with sudden growth catalyst that will increase the forward earning multifolds, a multibagger stock in the making (case in point Ytlpower)

Or
Growth stock that show yearly revenue and earning increase.

PS: Insas need to employ its cash hoard into new business/investment to generate more earning or else Insas will be forever a value trap.

Jaks and capA is not a value trap but a booby trap set up by ALP and Stony to trap newbie and old bird.

Leno already value trap in Insas for 15 years and leno holding increase from a few hundrend thoudsand to a few million and will be a few hundrend million in another 15 years time.

I do not need a fund manager to tell me the best opportunity is to buy during market crash. That one everyone already know. But please tell me when will market crash?

Are you going to forever waiting for market crash to employ your cash?

Did anyone make a study what type of stock TTB bought for icap?

Six types of stocks of Peter Lynch
Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ at Jan 9, 2024 3:30 PM | Report Abuse
Growers:
Slow growers
Stalwarts
Fast growers

Cyclicals
Asset plays
Turnarounds


Please share one name of your stock and which category it belongs to. A stock can belong to one or more categories

TheContrarian,
Any other stocks worth buying. My cash is still in my trading account and still searching what to buy next.

I trade armada and even jaks for my free bintang beer and lobster. Only someone sooooo dumb to dumb dumb hold jaks and capA.

So if you want to win big in stock market go and find those stocks that have sudden profit growth catalyst. (Case in point ytlpower)

Yes
The only way to unlock insas value is to use the RM 1 billion cash to invest in new business and generate more income and net profit.

Posted by 无风不起浪，洞察不寻常 > Jan 30, 2024 10:14 AM | Report Abuse
如果把梦做得深，Insas 有本事物色得国际顶级 AI 公司 ，合伙成立一家能够大事发展的科技生意，才有足够足使股价推上几倍以上。

The problems is because the white man and the book say:

Definition: Intrinsic value is the Present value of the investment of all the expected cash flow over the lifetime discounted at the appropriate discount rate.

Intrinsic value = (CF1/ (1+d)^1) + (CF2/(1+d)^2) + ----- +(CFn/(1+d)^n)

Where:
CF = Cash Flow in the Period
d = Discount rate
n = The period number
This Intrinsic value is actually a Discounted Cash Flow (DCF)

Hence people only look into the forward cash flow or PE and value CapA aviation:
Kenanga Research values Capital A’s airline assets at RM2.5 billion based on 10 times the group’s forward price-earnings ratio (PER) for the financial year ending Dec 31, 2024 (FY2024).

Maybank IB Research’s Yin ascribed a much higher valuation of RM5.47 billion, or 91 sen per share based on a forward PER (FY2024) of eight times.

And totaly ignore the RM 10 billion liabilities in the book.

Similarly people value Insas as forward PE 5 to 10 X and totally ignore the RM 1 billion+ cash in the book.