I am not sure how or even possible or might just be people selling off but when ever insas starts momentum someone tries to stop it …

Under thongs leadership hohup bust! Has insas leant money to hohup ? https://theedgemalaysia.com/node/712110 , next will be microlink and insas as they both have cash issues.

@sslee I thought and please correct me thing and pac already had this opportunity the last time and decided not to take private? I don’t think he will as he only owns 32 % officially but control the whole company and board. They just do as they are told. Why bother buying the whole company ?

If any believes thong only hold the shares he and related parties declare they are delusional… there is no enforcement or concern these businessmen have that anyone will do anything. It is why bursa has such a bad reputation… very sad to say but insas will only have value once thong no longer around… he is in such self delusion and has been for decades nothing will change.

Insas would also be in deep cash trouble if not that inari came to insas for funding. Now gives out cash

Omesti selling microlink shares as it has no cash and desperate. Thong also long time board member , he created mess there too. Microlink no cash , raising cash from insas… all terrible cash draining investments.

Another Thong disaster investment and his management!! HoHup had to sell development as have no cash to build it … even after sale they are over rm500 million in debt and look like they are finished. When things got bad what did Thong do ? Resigned from board and try and distance himself. A terrible businessman… imagine if thong finds another terrible investment and uses all of the insas cash and then need to keep giving more cash to stop that going bust! Insas would be ruined and it is possible he will do it!! Return cash to shareholders

Insas is nothing like Berkshire, Berkshire has a long list of successful investments . Thongs investments except inari have been complete failures. He got lucky with inari. Insas board are useless, any comparison to a well run company that respects its shareholders is very wrong. Berkshire shareholders have a great board. The complete opposite on insas.

The edge is trapped like many. He cannot sell as massive loss. His only hope is something happens to push insas backup and sell… every week Thong and insas board have to see publicly how useless they are at creating share price value for shareholders

Need an @sslee blog telling those buying inari shares it is half price to by insas shares compared to buying inari shares … big volume today on inari.

Thong has not learnt that… which is why so many issues with his investments and the one that has done so well he refuses to take profit and move on.

Why bother ? He gets all the cash out now he wants , has a board that are lemming and do what they are told. This is why share price so bad and no one interested . 20 years been like this. Only way to profit from insas in buy on dip sell on high. Other than that it is useless and thong wants it that way

Either way thong will not do anything

I have seen many share undervalued by acquirer and still go through on bursa

@sslee insas was 40 cents a share. Why not do it then ? I don’t think he ever will as he does not need to take nay money out of insas as a dividend as he takes cash out other ways and has already got plenty of money.

The rm92 million thong is telling the insas board they have to approve for microlink is clouded on the fact thong has done a deal to get his son on the board and that other directors are putting thong at the centre of why microlink has gone from 90 cents to 30 cents. That is not a clean well thought out reason.

You think thong is a great investor, I don’t

I am not a woke person and believe people can have different opinions and that is fine

Yes and you seem to do well at it which is great. But I feel my point is still very valid. If thong had a boss he would have been fired for so many mistakes .

You make a very ignorant comment that I don’t own or have owned business to suit your argument. So now you agree the. That hohup, microlink and Omesti Dgsb all bad decisions . Not sure what is left in your point that you say thong is so good at investment . You keep changing your point 🤷

@sslee so you now agree this was thing’s decision. And yes because he agreed to do this is why the whole situation has come about. This is your “somehow” . Previously you said lending money to the likes of microlink was good an no issue, what happens when like Hoh up, Omesti .. microlink also same . I was will end of with shares in another dead company that thing has sat on the board for over 10 years ..

@sslee , https://theedgemalaysia.com/article/insas-raises-stake-formis-resources might help you see why this all happened and again all thong.. not sure why you link thongs bad decision to anyone buying insas . Nothing to do with each other.

Thong is so desperate not to look like the failed investor he is that he will never sell the inari stake. Even if it costs insas shareholders 1 billion ringgit he does not care. His ego is more important

https://theedgemalaysia.com/node/709336 Not sure this is the first to change opinion on inari and others will follow or just someone low balling … definitely think insas should sell inari as enough profit . It could drop a lot …

Thong will not do anything. He has already become rich my draining cash from insas and doing his own developments and business . For big development in bukit damansara he did with another partner. He has not interest in doing anything with insas when the board are muppets/puppets and he controls everything.

I have heard insas already doing financing for microlink. Apparently some people blame thong for the mess at Omesti and microlink so he is forced to bailout microlink. Apparantly he is very arrogant the insas is his and the board will do as they are told …

I also queue at 40 cents.. Thong knows what he is doing and that is screwing over the shareholders. “ Insas is a family business masquerading as a public company” Thong is milking cash out of insas and other subsidiary companies. Be it fees, land etc he is making lots of money and that is why he pays the board well to keep quiet. Only way to make money in insas if you want to is buy and sell …

Malaysia market is a pawn between china and America. Correction coming. Nasdaq drop over 300 points Friday. Inari will get hit , it is only insas investment worthwhile.

I will wait for 80 cents then buy back, wait for increase and then sell.

“Insas is a family business masquerading as a public company” , this is so true !

As long as share price goes up and down then yes if you do that well can make good money. I sold a lot at 1.30 so it is the plan for me too

Thong and board do not care about share price or shareholders

That’s the point, Insas will never go bust , directors will be paid bags of cash for making bad by investments. Shareholders will never see cash return . Been the same for 20 years

Insas is not a good investment company. It has lost a fortune on most of its investments .

Insas will reach 0.8 unless thong and board release shareholder cash.

US chip makers dropped heavily on Friday, inari will drop a lot on Monday .

Microlink now at all time low as well. Thong is incompetent, even fellow board members of companies don’t like him and it creates many issues within companies when you get divisive boards. Microlink forced to appoint thong son in exchange for funding as they are broke. The largest part of microlink debt raise if to keep the company from going bust. If you read the reason allegedly for the cash it is to build digital banking and AI … what absolute rubbish and even if tries shows how misguided the board are to waste cash competing in mature markets or one where they have no chance to compete. Thing has already written the insas board minutes before the board meeting to approve the rm90 million microlink need to delay going bankrupt. That could have been a 15 cent dividend to shareholders ??

Buying queue is very light so if below 1 can easily hit 95-97 by end of today.

Inari down nearly 5% , thong and board are terrible investors and even worse at running a listed company. 90 cents first drop then not sure how low it will go again.

Also when as an investment company investments do not go well you pull out and do not waste shareholder funds trying to make bad investments look good or last longer before they go bust.. hohup, microlink , Omesti , dgsb etc. that is why thong is incompetent and the board just taking shareholder cash as payments and do nothing . If the US market does a turn for the worse inari will drop heavily and insas will go way below 90 cents. The shares Thong has sold since his son was appointed to the microlink board are most likely a thank you for appointing his son and insas will take up there debt placement even though they are a doomed company

Insas is supposed to be an investment company. When you make good profits on your investments you sell and return capital to shareholders. When inari was over rm4 other major shareholders all sold and returned profits. Thong was the only one that did not , share then plummeted and insas shareholders lost out my guess over a billion cash .

I think next few days Insas below 1 then will drop to 90 quickly . Already 1.01 today.

I think it will be back to 90 cents in next 4-6 weeks. It is solely due to incompetence from thong and board but that will not change.

You are brave, in reflection I think the share will sink back to 85-90 based on thong and the boards usual uselessness.

Thong and board want worse share price possible to make there dividend look better and board own no shares so don’t care. Insas going back to 85 cents … then time to collect and wait 5 years or when thong no longer around then company can be asset stripped and closed

All big holdings except inari on deep trouble due to thong’s terrible management and investment plan. The board of insas should be fired !! Omesti drop to near junk status with hohup and microlink 52 week if not years low. Also what is worth no cash so will come to thong and he will use insas cash so he does not have to admit he is useless !!

@sslee great attempt. I am getting some additional help to really lift the profile of this issue … it is going to cost me but worth it !

@sslee I think we can get 2.5%, I have started accumulating again. Also if they call an egm can we also push for this then ?

Should do this to insas board !!! https://www.thestar.com.my/business/business-news/2024/03/30/narrowing-the-gap-between-share-price-and-fair-value

Thong investments such failures and even more lend them money as well. In everyone’s ratios and values the one things everyone forget is free cash. None of these companies have much cash and that is what will kill them. I eating dumping microlink shares at a loss as has no cash, microlink also limited cash, Ho hop in even worse situation.. cash is king . So thong will waste more insas cash