MrFox,
I am also a billionaire in Indonesia Rupiah.

An owner of a prominent news media empire is casting undue influence on the financial and political state of Malaysia for his own personal monetary gain.

Sources within Bank Negara Malaysia (BNM) revealed that Tong Kooi Ong, the owner of the Edge Group and The Malaysian Insider has taken a USD1.4 billion short position on the Ringgit through a proxy. The first transaction took place in August 2014 and subsequent short positions have been taken leading up to January 2015.

Tong Kooi Ong is no stranger to investments, notably during the last financial crisis, Tong took a similar short position with Rashid Hussein which resulted in a significant gain.

He is a former stockbroker, financial analyst and banker who founded and built Phileo Allied Berhad, one of the most successful and innovative financial banking groups in Malaysia in the 1990s. Phileo Allied Bank was subsequently taken over and merged with Maybank in 2000.

Sunday, 08 Jan 2023 7:51 PM MYT
KUALA LUMPUR, Jan 8 — Tan Sri Tong Kooi Ong wants former Bank Negara assistant governor Datuk Abdul Khalid Murad to withdraw the statutory declaration (SD) he made back in 1999 where he accused the former of hiding billions of ringgit in ‘master accounts’ belonging to Prime Minister Datuk Seri Anwar Ibrahim.

Published February 2, 2015
KUALA LUMPUR — Billionaire Tong Kooi Ong yesterday sought to fend off allegations that he is involved in a US$1.4 billion (S$1.9 billion) bet against the ringgit, and denied claims he is engineering a crisis with the Malaysian currency for personal gain.

The media tycoon, who owns The Edge Media Group, which recently acquired news portal The Malaysian Insider, said Bank Negara Malaysia would have been aware of such speculation if the allegations were true and insisted that the central bank has not contacted him on the matter.

Tong will be rightfully billionaire (running Phileo Securities and Phileo Bank) if not caught in Asian Financial crisis 1998 and Political war between Tun M and Tun D against DSAI

Just a gentle reminder in stock market “everyone is out for themselves”

TheContrarian Another thing I wonder is if someone targets a company for a hostile takeover would he announce to everyone of what he thinks is the value of the target?
26/01/2024 10:56 PM

TheContrarian is right,
If I want to make a hostile or friendly take over I would have done it in 2020 when WB expired out of money or I and my PAC will start accumulate Insas silently and wait for WC expired in 2026 watching carefully what is DST and his PAC next move before I make my move for a take over.

Do you think Tong is so silly or is he a saint telling every tom, dick and harry that Insas is worth RM4.33 so that every tom, dick and harry rush in to buy Insas to price of RM 4.00 and then Tong announce a VGO at RM 4.33?

By the way the cat was caught holding 18million+ WC since 2021 and disappear from Insas forum when WC was trade below 18 sen and only reappear recently telling everyone he/she is THE MOST SUCCESSFUL INVESTOR holding multi-million WC shouting RM 6 and now RM 60 RINGGIT IS KAMBEEEEEEEEEEENNNGGGGG !!!

You should ask the cat what is his/her WC holding cost?
Very interest to see 2024 Insas annual report whether the cat still hold 18million+ WC.

TheContrarian,
I really do not know why no one dare to take over Insas from Dato' Sri Thong and PAC officially hold 32.96% Insas share?

Beginning of this year many banks & booking firms are not giving marginable value, cap the price or DF facilities for these stocks which are trading at very high PE & price to book. (Money upfront for buy order on those limitvdown stocks)

Insas with Low PE and Big price discount to book, presented a very attractive for big and small sharks to play contra trade and pocket the contra gain.

With recent 10 million Inari shares sold and 100 million M&A shares sold. Insas cash should increase by over RM 60+ million from the disposal when reporting quarter end 31/03/2024 financial result.

The question why Insas accumulate so much cash?
Next AGM I will ask for addition dividend.

As stated in Question 10, the Board will review and evaluate the financial performance, the availability of free cash and funding commitments of the Group & the Company and the global economic outlooks for the next 1 year before deciding any additional dividend that may be proposed and declared by the Company.

So far 10 million Inari shares sold and 100 million M&A shares sold.

Insas sold another 5 million Inari shares

[INARI] Change In Substantial Shareholder's Shareholding - INSAS BERHAD on 26-Jan-2024
Stock [INARI]: INARI AMERTRON BERHAD
Announcement Date 26-Jan-2024
Reference No CS2-17012024-00118
Substantial Shareholder's Particular:
Name INSAS BERHAD
Details of Changes:
Currency -
Date of Change Type Number of Shares
24-Jan-2024 Disposed 1,000,000
Registered Name M & A Nominee (Asing) Sdn Bhd for Media Lang Limited
Nature of Interest Indirect Interest
23-Jan-2024 Disposed 2,000,000
Registered Name M & A Nominee (Asing) Sdn Bhd for Media Lang Limited
Nature of Interest Indirect Interest
22-Jan-2024 Disposed 2,000,000
Registered Name M & A Nominee (Asing) Sdn Bhd for Media Lang Limited
Nature of Interest Indirect Interest
Nature of Interest Indirect Interest
Shares Ordinary shares
Reason Disposal of shares in the open market
Total no of securities after change
Direct (units) 0
Direct (%) 0.00
Indirect (units) 527,008,575
Indirect (%) 14.06
Total (units) 527,008,575
Total (%) 14.06
Date of Notice 26-Jan-2024

Not forgetting to mention one fella going every forum to slander people.

Derivatives
Night & Day Session
Night Session
NO NAME MONTH LAST DONE CHANGE VOL (`00) OI
1 FKLI Jan 2024 1,505.0000 +0.5000 29,387 66,247
2 FCPO Apr 2024 4,013.0000 +19.0000 26,239 79,062
3 FKLI Feb 2024 1,507.0000 +0.5000 21,452 25,715
4 FCPO May 2024 3,967.0000 +12.0000 9,432 46,214
5 FCPO Mar 2024 4,023.0000 +20.0000 5,059 29,173
6 FCPO Jun 2024 3,905.0000 +6.0000 3,803 23,743
7 FCPO Jul 2024 3,841.0000 +2.0000 3,695 26,438
8 FCPO Feb 2024 4,012.0000 +15.0000 1,330 5,096
9 FKLI Mar 2024 1,493.0000 +0.5000 454 3,529
10 FKLI Jun 2024 1,494.5000 +1.5000

https://www.bursamalaysia.com/market_information/market_data_overview
You can go to above link and see the forward month selling price

At least one fella tell you how many he already sold another telling you he still got how many to sell, the one and only one THE MOST SUCCESSFUL INVESTOR holding multi-million WC shouting RM 6 and now RM 60 RINGGIT IS KAMBEEEEEEEEEEENNNGGGGG !!!

So isn't that helping everyone in Insas forum to make their decision to buy, to sell or to hold?

It is hard trying to be funny because many in i3 do not have sense of humour.

https://klse.i3investor.com/servlets/stk/fin/5108.jsp?type=last10fy
NAPS:
31/05/14: RM 3.05
31/05/23: RM 3.40

It was the Maybank analyst that cause the spike in price of AAX.
But it you look into his analyst report he is selectively using some figures/misinformation to form his own fact. (Like Thai AAX will contribute toward AAX profit soon)

AAX owns 49% of Thai AirAsia X, both were bankruptcy companies due to covid 19.
AAX bulldoze thro' debts restructure of paying 0.5 sen for every dollar owed and then arm twisting Bursa SC to uplift AAX from PN17.

Meanwhile Thai AirAsia X go into business rehabilitation plan that begin a planned process of repaying debts and refund payments to passengers impacted by the inevitable cancellation of flights during the COVID-19 pandemic.

The executive chairman of Thai AirAsia and Thai AirAsia X told The Nation newspaper late last week that those two entities may continue to operate under their present ownership structure until as far out as 2027.

"The merger of two airlines in Thailand may have to wait two to three years until Thai AirAsia X leaves the business rehabilitation plan, which should happen around late 2025,” Tassapon Bijleveld said. Thai AirAsia entered into bankruptcy protection in May 2022, at the time saying doing so would allow it to manage better debts incurred earlier in the pandemic.

The most canteeeeeeeeek is stil ytlpower and ytl. I sold too early. Anyhow a profit is still a profit.

By now everyone in i3 should have knew Mike-tikus go every forum just to slander people.

He is still holding his Jaks and capA tight tight.

What a pity, TTB should be a politician then he can earned billion as Minister rather than million as Fund Manager.

Post removed.Why?

AAX taking over capA aviation assets and liabiliaties will be like 人心不足蛇吞象.
Know what will be the consequence for a snake to swallon an elephant?

Only the best of the best can retired since 2010. Full Stop.

Am I right to say it was theedgemalaysia saying Stony move the goal post for the fourth time in submitting the PN17 regularisation plan? (— its fourth extension in a row)

By theedgemalaysia.com / theedgemalaysia.com
19 Jan 2024, 10:45 pm

KUALA LUMPUR (Jan 19): Capital A Bhd now has up till June 30, 2024 to submit its proposal to regularise its Practice Note 17 (PN17) condition after getting Bursa Malaysia's approval for another six-month extension — its fourth extension in a row.

If any shareholders are not happy with what TTB was paid and the court case cost and dual listing cost then please bring it up at AGM and hold TTB accountable, responsible and answerable.

损人利已，不为。
利人不利已，可为。
利人利己，应为。

If I am TTB and at 40% discount, I will ask all my employees to collect at 40% discount and then go for voluntary liquidation.

It will be a win win win win for TTB, icapital employees, minority shareholders and COL.

What can I do further when facing with below?

Without Prejudice
Dear Mr. Lee,

We refer to your email dated 12 June 2023.

Please take note that that the Company has diligently addressed all relevant queries/questions including issues raised by the respective shareholders during the AGM and written advice post AGM in accordance with the regulatory requirements.

We have reported that all whistle-blower complaints have been thoroughly investigated without evidence of any malpractice and mismanagement. The year end accounts have also been audited by our external auditors. As such, we have nothing more to add.

As part of good corporate governance practice, we hold firm to the separation of ownership and management. All internal investigation reports are the proprietary property of the Company and accordingly we will not respond to your email.

Despite the Company's previous responses to you, and at the AGM, your repeated allegations of malpractice and mismanagement are in our opinion, appear to be with the intent to damage the reputation and integrity of the Company and its Management. This could impede the Company and its Management from carrying out their business in a smooth manner, which could in turn affect the Company’s valuation.

Please be on notice that the Company will not hesitate to take all necessary actions to protect our integrity and the interest of all stakeholders, including all other shareholders at large.

Our rights are reserved.

Thank you.

Corporate Affairs Department
Hengyuan Refining Company Berhad

I already learned my lesson to just walk away.

Only invest on those companies that pay dividend and make friend with BOD and management team.

I do not know whether my past actions brought any good or postive change but people and minority shareholders already get hurt because of my action. (Acid attack and Stocks delist from Bursa)

Awesome!... but Q3 is still a lose quarter. Will Q4 turn in some profit for aviation?

CapA aviation.
Q4 passengers carried: 14,879,889
Load factor: 88%
Operating aircrafts: 162

Q3 passengers carried: 14,705,446
Load factor: 89%
Operating aircrafts: 152

Q2 passengers carried: 14,243,439
Load factor: 88%
Operating aircrafts: 146

Russia Stands to Lose Billions as Ukraine Drones Target Key Oil Hubs
Jan 23, 2024 at 4:56 AM EST

No prize for gueesing where the price of oil will heading to.

For plantation, we impute a FY24F FFB production growth of 6% YoY (vs. 5.2% YoY in FY23 and 7.5% YoY in 2MFY24). KLK’s oil palm estates in Sabah, Sumatra and Kalimantan were not affected by the heavy rains in late- 2023. 50% to 60% of KLK’s FFB production come from Indonesia.

Ex-mill cost of CPO production is anticipated to decline to RM2,000/tonne in FY24F from RM2,229/tonne in FY23. The drop in the cost of production per tonne in FY24F is driven by lower costs of fertiliser and a higher volume of CPO production.

KLK is currently trading at a FY25F PE of 16x, which is slightly higher than its 2-year average of 15x. We believe that the premium is justified due to the group’s attractive age profile of oil palm trees.
Source: AmInvest Research - 24 Jan 2024

dumbMoney @Patient Investor. My photo was flashed on the screen during the 2022 AGM. In case you are not aware, one of Bursa's staff in the regulatory department was attacked with acid in the past.
22/01/2024 11:11 PM

The high officer is Senior Vice President Corporate Surveillance and Governance, at that time he is incharge on my many complaints on Red Chip Companies: Xingquan, CSL, Maxwell and Msport.

After my first ever Xinguan AGM and external auditor refuse to answer my after AGM further clarification questions. I purposely attend CSL AGM and put the external auditor on trial on how he do the audit and verification on bank deposit.

I then submitted all the auditor written replied to Bursa Sc and the external auditor was called by Bursa SC for further questioning. The rest is history.

As to why COL continues to buy, essentially to arbitrage on the deep discount.

If I have know that then I would have wrote to COL in year 2020 asking them to arbitrage Insas deep discount.

Previouly I wrote to value partner asking them if they are interest in taking over Insas.

Dear.....
Thank you for your email reply and per our telephone conversation I appreciate your efforts in reaching out to me and forwarded my email to your Senior Director (overlooking VPMY) for his thoughts on my preliminary email.

I understand that Value Partners Group is an Assets Management Company and might not derive synergy with M&A Securities Sdn Bhd (“M&A”) a stock broking company providing trading services, share margin financing and corporate advisory services activities. Insas Credit & Leasing Sdn Bhd (“ICL”) a money lender licensed under the Moneylenders Act, 1951 which has established itself as a boutique structured finance provider to select sophisticated investors and corporations seeking short- and medium-term financing for working capital and investment purposes.

Nevertheless INSAS is still a value driven investment opportunity that when its value is unlocked, the market price/value will appreciate many fold.

Once again thank you

Best Regards

No wonder this year all my stocks with low PE and great value in price to book going up.

The spot light has turned from speculatives stock to fundamentals stock.

Insas price should do well.

Someone advise me on recent Limit down.

Most banks & booking firms are not giving marginable value, cap the price or DF facilities for these stocks which are trading at very high PE & price to book.

Everything go back to fundamentals - PE, price to book, gearing ratio, cash per share, sustainable earnings on existing operations, good & conservative management team, rather than promises on new ventures & M&A transactions

Is Mike-tikus take the wrong medicine this morning, barking non stop?

Or is Mike- tikus trying to get the attention of leno, Mike-tikus must had miss leno so much?

Gross profit= volume ×(unit price -unit cost)
Unit cost = (direct cost + indirect and OH cost)/volume.

Unit cost will reduce if production volume increase.
Gross profit will increase if volume increase, unit price increase and unit cost reduce.

Speakup,
I just trying to provoke leno to buy more Insas-WC so that Insas can hit my TP of RM 1.50 sooner rather than later.

TheContrarian,
I remember questioning Dato Sri Thong in 2018 AGM why he sold some of his Insas-WB and I think his answer is he has the same right as any shaeholders of Insas-WB to deal with his Insas-WB as he wish.

Later I think he resigned from Insas CEO so that he do not need to report to Bursa on his dealing with Insas or Insas-WB shares.

Just a gentle reminder:
Insas-WC
Listing Date: Mar 05, 2021
Maturity Date: Feb 28, 2026
Issue Size: 331,510,380
Exercise Price: MYR 0.90
Ratio: 1:1
Underlying Stock: Insas

Currently what capA leasing unit is:
Orderbook of 362 aircraft to be delivered over the next 12 years, beginning 2024. Of the 362, financing is secured for 73 aircraft through Sales and Leaseback (SLB) arrangement with several lessors.

The planes was ordered during precovid 19 and Stony has big plan for AA India and hoping poker man can pull string and set up an AA China.

Post Covid-19, Stony get himself kicked out from AA India and AA China still remain a pipe dream.

Do Stony has a plan on how capA going to utilise these planes?

Stony can only think of below grand plan:
The proposed deal is to merge CAPI (capA' Brand AA and leasing unit) with Aetherium Acquisition Corp (NASDAQ: GMFI), a Special Purpose Acquisition Company (“SPAC”) listed on the Nasdaq stock exchange for an indicative equity value of United States Dollars (“USD”) 1 billion based on an independent valuation of the AirAsia Brand.

Just wonder did Dato' Sri Thong sold some of his WC?
Previously most likely Dato Sri Thong hold his WB until expired out of money.

Insas-WC
Date Open Range Close Change Volume
23/01/2024 0.42 0.41 - 0.485 0.42 +0.005 (1.20%) 39,245,700
22/01/2024 0.365 0.365 - 0.43 0.415 +0.065 (18.57%) 30,394,200
19/01/2024 0.345 0.335 - 0.375 0.35 +0.015 (4.48%) 18,632,100
18/01/2024 0.39 0.32 - 0.395 0.335 -0.045 (11.84%) 21,781,700
17/01/2024 0.40 0.365 - 0.415 0.38 0.00 (0.00%) 21,089,100
16/01/2024 0.39 0.345 - 0.455 0.38 -0.015 (3.80%) 107,057,300
15/01/2024 0.21 0.21 - 0.415 0.395 +0.185 (88.10%) 157,753,400
12/01/2024 0.195 0.19 - 0.21 0.21 +0.02 (10.53%) 5,111,000
11/01/2024 0.17 0.165 - 0.195 0.19 +0.015 (8.57%) 3,751,300

From Insas Annual report 2023.
Top 30 WC shareholders hold 209,303,090 units (63.14%).

Stock market will never be an exact science otherwise all scientist is million or billionaire by now.

Markets can stay irrational longer than you can stay solvent." That is to say it is nearly impossible to predict the markets and those who try, may find themselves in over their head.

Remember no matter how right you think you are about a certain stock or trend, the market doesn't care ...

Those who take profit sold all or sold some will come back buying some when market cool down and price back to their target range.

No one is right or wrong in deciding to buy or to sell.
I wish all good luck.

By the way Insas indeed is deeply undervalued or people say unloved for many years. Dato Sri Thong, BOD and management team are working hard with integrity to continue building wealth into Insas.

Why can't we see ourself as Malaysian with Multiculturalism and unique strength in our divesity in Culture, Religion, Language, Ethnicity and Race?

I not just write long long dumb letter but also had been invited to joint meeting with Bursa SC. In one of the meeting I complain bittery why I need to pay Xingquan company secretary to get a copy of AGM minutes. Shouldn't public company publish AGM minutes at Bursa website?

Year later, I was suprised Bursa SC make it mandatory for every listed company to public AGM key matter discussed at listed company website.

My first attended AGM is Xingquan AGM and I was shocked that CEO is lying thro' his teeth with impunity when answering shareholders questions and external auditor, independent directors were in complicit with CEO. The rest is history.

QR ended 31 Dec 2020 EPS sen : negative13.16
QR ended 31 Dec 2021 EPS sen : negative 1.50
QR ended 31 Dec 2022 EPS sen : negative 0.16

What will be QR ended 31 Dec 2023 EPS sen : negative ?????
What is the Graham number of QR end 31 Dec 2020, 31 Dec 2021, 31 Dec 2022 and would be 31 Dec 2023?

I am learning from everyone in i3.