Yes & No loh!

10 yrs ago insas Nta is roughly Rm 1.90 & its EPS is around 13.9 sen with share price 80 sen.
Today Nta is Rm 3.56 & eps is 18 sen with share price Rm 1.20.

Surely a dumb fellow using warren buffet formula will had notice insas wealth has grown by rm 1.66 per share or about 16 sen pa over the 10 yrs loh!

And added back div about roughly 1.5 sen div pa avg your total cash generation from insas is about 17.5 sen pa mah!

If your IRR is 10% pa.....surely base earnings Insas should easily worth Rm 1.75 per share loh!

Remember in 2015, Inari only worth less than Rm 1 billion loh but today it is worth more than Rm 12B mah!
Also we have not factor in the hidden reserve of Inari mark to mkt gain for insas holding of about rm 1.6b which is additional gain of rm 2.42 per share for insas loh!

Thus Insas shareholder funds plus Inari hidden reserve mark to mkt gain will contribute potential wealth of Rm 6.00 per share to insas loh!

Surely insas will worth much more than Rm 1.20 loh!

Posted by paperplane > 54 minutes ago | Report Abuse

insas FOREVER UNDERVALUED, IN FACT undervalue more than 10 years.....lol. what does it tell you then/

Happy Chinese New Year

Choyson will come & bless us in this coming new year

Insas will be top pick of the year loh!


The great n really explain precisely what value investors to look for & capitalise on.
Base on insas negative enterprise value of Rm 1,844M or Rm 2.79 per share, an investor can takeover Insas for free & pocket Rm 2.79 per share loh!

Rationally this really ridiculous but it is a fact & real loh!
On top of that KC only monetize Inari & insas other liquid assets but exclude insas other listed subsidiary namely M&A, Insas sizeable real estate properties, profitable unlisted business ,Associate listed Ho Hup and Insas all other assets loh!

The above deep quality undervaluation shows that insas is really conservatively well manage thus debunked the notion of poor mkt perception loh!

Big shark should take this good opportunity to buy up insas by taking a sizeable stake of Insas & be a profitable business partner of Tan Sri Thong loh!

Actually Thong can be a good business partner & shows very good governership for example Inari has very good perceive governance compare to Insas loh!

I m sure Thong can easily adapt to this higher standard base on the current management formula as per Inari model!

The ideal position for the new opportunistic big investor is 20% stake of insas loh!
Assuming taking up 20% stake at average price of Rm 1.50 will only cost him Rm198m compare to Insas overall shareholders revise capitalization of more than Rm 3.3B or equivalent to Rm 660m @20% stake loh!

For small investors u should start buying insas now & side with the future opportunistic large investors loh!

As for Sifu Sslee, Raider suggest that he should forget about giving an exemption to Thong, if a GO trigger bcos of him buying or exercising his warrant as the cost of GO is only Rm 1M which is peanuts to him compare to Insas negative enterprise value of Rm 1.84B loh!

I think eventually Insas will eventually move above Rm 3.00 to Rm 4.00 loh!

Hi KC
Nice to see u here.

Your article is great n really explain precisely what value investors to look for & capitalise on.
Base insas negative enterprise value of Rm 1,844M or Rm 2.79 per share, an investor can takeover Insas for free & pocket Rm 2.79 per share loh!

Rationally this really ridiculous but it is a fact & real loh!
On top of that KC only monetize Inari & insas other liquid assets but exclude insas other listed subsidiary namely M&A, Insas sizeable real estate properties, profitable unlisted business ,Associate listed Ho Hup and Insas all other assets loh!

The above deep quality undervaluation shows that insas is really conservatively well manage thus debunked the notion of poor mkt perception loh!

Big shark should take this good opportunity to buy up insas by taking a sizeable stake of Insas & be a profitable business partner of Tan Sri Thong loh!

Actually Thong can be a good business partner & shows very good governership for example Inari has very good perceive governance compare to Insas loh!

I m sure Thong can easily adapt to this higher standard base on the current management formula as per Inari model!

The ideal position for the new opportunistic big investor is 20% stake of insas loh!
Assuming taking up 20% stake at average price of Rm 1.50 will only cost him Rm198m compare to Insas overall shareholders revise capitalization of more than Rm 3.3B or equivalent to Rm 660m @20% stake loh!

For small investors u should start buying insas now & side with the future opportunistic large investors loh!

As for Sifu Sslee, Raider suggest that he should forget about giving an exemption to Thong, if a GO trigger bcos of him buying or exercising his warrant as the cost of GO is only Rm 1M which is peanuts to him compare to Insas negative enterprise value of Rm 1.84B loh!

I think eventually Insas will eventually move above Rm 3.00 to Rm 4.00 loh!

Hi KC
Nice to see u here.

Your article is great n really explain precisely what value investors to look for & capitalise on.
Base insas negative enterprise value of Rm 1,844M or Rm 2.79 per share, an investor can takeover Insas for free & pocket Rm 2.79 per share loh!

Rationally this really ridiculous but it is a fact & real loh!
On top of that KC only monetize Inari & insas other liquid assets but exclude insas other listed subsidiary namely M&A, Insas sizeable real estate properties, profitable unlisted business ,Associate listed Ho Hup and Insas all other assets loh!

The above deep quality undervaluation shows that insas is really conservatively well manage thus debunked the notion of poor mkt perception loh!

Big shark should take this good opportunity to buy up insas by taking a sizeable stake of Insas & be a profitable business partner of Tan Sri Thong loh!

Actually Thong can be a good business partner & shows very good governership for example Inari has very good perceive governance compare to Insas loh!

I m sure Thong can easily adapt to this higher standard base on the current management formula as per Inari model!

The ideal position for the new opportunistic big investor is 20% stake of insas loh!
Assuming taking up 20% stake at average price of Rm 1.50 will only cost him Rm198m compare to Insas overall shareholders revise capitalization of more than Rm 3.3B or equivalent to Rm 660m @20% stake loh!

For small investors u should start buying insas now & side with the future opportunistic large investors loh!

As for Sifu Sslee, Raider suggest that he should forget about giving an exemption to Thong, if a GO trigger bcos of him buying or exercising his warrant as the cost of GO is only Rm 1M which is peanuts to him compare to Insas negative enterprise value of Rm 1.84B loh!

I think eventually Insas will eventually move above Rm 3.00 to Rm 4.00 loh!

Train ticket from KL to SPORE is Rm 300 to 400 mah!
And takes 1.5 to 2 hr....what game changer leh ?

Who knows ??

Just like an empty land for many yrs...no one ....give a good opinion of it mah!
Once the owner start to dispose it ....the price shoot up like a rocket mah!

But if u hold a negative useless pawn broking bills.....U cannot get this type of sharp value spike...Unless kon, mislead & scam people to buy loh!

So the question is why the land price spike up is real but the useless pawnbroking bills is scam leh?

If u want to send your workers to Spore from JB..............HSR is not to answer mah!

I think LRT & Regular Fast Ferry will be a better solution loh!

He do that bcos he need to protect his rice bowl loh!

I think if people do not provoke OTB....he is not like that loh!

But for the newbies....they must chose what type of foot is good for them loh!

Btw alot of gamblers go Genting.....they argue, they can make alot monies gambling loh!

Yes...USA is digging their own graves.....bcos this will USA to De dollarise loh!

Which mean creating separate financial system......that will reduce usa capacity to print money loh!

Overall india is getting richer every yr loh!

But the share of the poor in india wealth & economy is still low loh!

When India economy keep growing, their poorer citizen will start to have better life loh!

U ask yourself this lah!

Can Capital A pay any div to u the next 3 yrs leh ?

Very unlikely loh!

Insas with its wealth n balance sheet and shareholders have been growing every yr mah!

Insas pays div every year.....in fact Insas is comparable to Berkshire Hathway that do not pay any div but growth the co shareholders fund every yr mah!

Not true loh!

The G7 share of world GDP had been falling for the past 30 yrs loh!

This means the poor are getting richer loh!

Thats why u must have alternative like the BRICS mah!

China should learn from Russia experience & be prepare for the eventuality loh!
Posted by Jefftan123 > 1 minute ago | Report Abuse

If a US president were to determine there was a threat from Beijing to “the security or the social or economic system of the people on Taiwan and any danger to the interests of the United States”, Lucas’s Protect Taiwan Act would make it US policy to exclude China from the Group of 20 and bodies like the Bank for International Settlements and the International Organisation of Securities Commissions.

Btw anything can be brought over mah!

This applies to all types of Govt loh!

USA started to be aggressive bcos they knew....it will eventually fall below china loh!

If china just wait for another 5 to 10 yrs they can win loh!

90m PLA members democratically voted to select its Chinese Leaders mah!

Basic 123 investing loh!

U invest into Co like Capital A & AAX.....that need to clear its debts & have negative shareholders fund loh!

Thus it is a long way to go.....to just to survive loh!

Insas....already well ahead of ....as the share price.....there is no issue on survival bcos huge margin of safety loh!

The key is avoid gambling....if want to be successful loh!

Basic 123 investing loh!

U invest into Co like Capital A & AAX.....that need to clear its debts & have negative shareholders fund loh!

Thus it is a long way to go.....to just to survive loh!

Insas....already well ahead of ....as the share price.....there is no issue on survival bcos huge margin of safety loh!

The key is avoid gambling....if want to be successful loh!

U forget the corporate governance & management integrity are very important factors for stock investing mah!

Thus hengyuan fail on this area loh!

Posted by Sslee > 12 hours ago | Report Abuse

As for Hengyuan, I am so sure of the crack spread as this is public available data but alas I miscalculate the China man addicted to gamble and hence the multi-billion in hedged losses.

Lesson learnt, no one can recommend you a sure win stock. So learn to read the financial report: P&L statement, Balance sheet and cash flow statement.

By the way because of reading financial report and monthly FFB production of bplant and jayatiasa, I switch all my bplant to jayatiasa but alas I miscalculate the KLK VGO/LTAT MGO bplant at RM1.55

So life is interesting because you do not know what awaiting you.

China should takes its time loh!

No need be distracted loh!

Grow its Economy & defense 1st mah!

Yes blue skies loh!

But the Group is in deep sink holes loh!

3 yrs ago General Raider advice Leno not to invest so much into warrants loh!

But this time choysun yeah will be coming to insas loh!

General Raider prove to be correct loh!

Do not get kon investing into Capital A & AAX loh!

These are bankrupt companies loh!

The Recent Russia v Ukraine indicates the West cannot win in a convention war loh!

Thus China she employ the long term strategy to build up China & squeeze out Taiwan loh!

Thus very important for china to buy time loh!

In a way it is blessing in disguise for Taiwan.....bcos the current Taiwan President will be less radical to the previous lady president loh!

He is willing to negotiate with China mah!

This is the best bluechip palmoil investment loh!

Very strong profits & div loh!

The china communist party should pass a bill .that...if Taiwan Declare Independence....it will mean declaration of War loh!

Do not touch this kon co....Netx loh!

Why leh ??

Too much Esos
Too much Placement at cheap price
Most of Netx cash are use to buy useless assets like shoplot in Sg WanG loh
Also Netx core business....todate is dead duck loh!

Most of the longterm investors of netx had been hit by relentless dilution of its share despite holding their share at cheap price............but it has been cheapen by next management action of esos & placement dilution

Taiwan current status !

Although Taiwan is part of China loh!

But majority people of taiwan wants self determination loh!

Those who hold alot of insas-w should becareful bcos time is not on your side loh!

China should not do anything dumb unless taiwan declare independence loh!

Time is in the China side loh!

Just wait bcos USA has predential election coming mah!

Unless private investors willing to invest in HSR......if not this HSR project will not be feasible & no go loh!

Msia govt should avoid...using its own money to invest in HSR loh!

The Govt money should be allocated to more productive purpose to grow the economy loh!

No point great Co loh!

Make sure the price u buy make sense loh!

if special zone is successful....that will a contribution of Rm 70b to msia economy loh!

Mesti buat betul betul with spore partner mah!

Veli...soooohaiiii to think...msia can do without foreign cheap labors loh!

Without foreign cheap labors...........msia inflation will shoot up to the roof loh!

And The country economic output will drop by at least 25% loh!

Successful implementations of MM2H will result in bigger foreign inflow & a stronger RM mah!

Good for msia economy loh!

Correct loh!
A co that reward shareholders with sustainable good fair payout of div deserves higher rating loh!

Kseng is a perfect selection of a quality co loh!

Yes u can sell 1st b4 too late loh!

Posted by TheContrarian > 1 minute ago | Report Abuse

OMG! The Jinx has reappeared! There's no more hope for Affin. Price will drift down.

Do not get con by buying into poor manage co like TH plantations mah!

They are better choice of plantation co that u can select mah!

Anwar need to be the PM until a better acceptable man comes along loh!

Lets put insas in the proper perspective loh!

The fair value of insas is Rm 6.00 with net cash of Rm 1.00 and PE of 5x n pays div of 2.5 sen pa loh!

The earnings & div of Insas is likely to growth further loh!

Thus no point sell so low at this price low....!
No point to support Thong application for MGO exemption loh!
If Insas-w mature in 2 yrs time...........Thong has no choice but exercise its warrant....n that will trigger a GO loh!

Meanwhile alot of bigs sharks are eyeing Insas as a potential takeover due to the big discount, Thong knows about this, He will try to make Insas ugly disguise but big shark knows Insas is very big profitable opportunity loh!

The Big shark may launch a takeover ahead of Thong loh!

Thus Thong need to be very careful loh....bcos he is holding less than 33% of insas loh!

Swk govt is willing to buy upto 20% just to punt Affin Bank loh!
At the moment Affin is undervalue loh!
Top shareholders now are:

1. Ltat & Boustead 48%
2. BEA......................... 24%
3.Swk Govt............... 5%
Total;............................77%

If swk govt increase its holding to 20% from 5% it will come from;

1 Ltat & bstead .........8%
2. BEA............................4%
3. Public collect.........8%

This will mean ;

Ltat & bstead................. ...40%
BEA......................................... 20%
Swk Govt..............................20%
Total .....................................80%

Subsequently Affin Bank will be merge with a potential large bank at above Rm 4.00 per share most likely with the following merger candidates

1. Maybank
2. Public Bank
3.Cimb
4. Hlbank
5 Rhb bank
6. Ambank
7. Alliance Bank

With most fit HLbank & Ambank loh!

China will play the longer term game & wait it out for another 4 yrs time loh!

By then China will be more stronger mah!

Do not get it wrong loh!
USA current official inflation is around 3% pa mah!
The FED rate is at 5.5% pa loh!

USA inflation is on the waydown loh!

Thus rate cut is coming going fwd loh!

Main issue will be low toll rates of Biggest competitor PLUS mah!

Make no sense to privatize WCE mah!
Look at the logic loh..........if Govt privatize WCE....toll rates will be reduce mah!

The Govt already own PLUS.....where the toll rates are capped low mah!

Thus it is better to let WCE operate independently, if people want cheap TOLLS can use PLUS loh!