@MrSslee, market sentiment has improved at the start of the year, undervalued counters will perform extremely well.

Affin is also deeply undervalued. Why Tong never buy?

Oops, wrong forum.

Today Affin cantek, sold some Affin at 2.55.

@Sslee, Insas will slowly sell Inari every quarter to book realised gains. When Inari price is very low, Insas will even buy back.

Oops, wrong forum.

Go, go, go Affin.

Quickly buy Affin!

This time Insas ada Tong.

Maybe this year Insas will go to RM6. That would be very good for those who hold Insas at that time. Hopefully your wish is fulfilled. Insas remains cantek. Six ringgit coming.

Today I am more passive when investing. Buy Insas 60 sen, hold until RM1.10, sell then buy back at 70 sen, hold until RM1.20, sell, then buy back at 80 sen and last week my average selling price was around RM1.30.

Back in the late 1990s I was heavily into Second Board counters. I ended making over RM100,000 in just 4 months and bought a condominium with a nice sea view partially with cash and partially with a bank loan. The condominium today has a market value of over RM600,000.

Stock market isn't about skill, isn't about smart picks, it's about luck. If lucky you make money, if not you hold for 15 years.

Mikecyc, don't leave us here. Stay with us.

can write a lot these days because like Leno I also have retired but not long ago , only a couple of years ago. After I retired I have no income and depend only on the money I put into the stock market. Luckily Kuchai, SBagan, Affin and Insas shot up this month or else I will have no food on my plate.

Way back in 2021 Insas was climbing up approaching satu ringgit. Leno here was rallying Insas satu ringgit, Insas satu ringgit, Insas cantek. It was a lot of fun as we all were cheering daily and then Insas broke through satu ringgit, broke through satu ringgit sekupang, then satu ringgit dua kupang. I sold off but I felt sad most didn't in particular Leno. Had Leno sold that time and later bought back when Insas dropped to 80 sen ......... had she sold that time ........ had she sold that time ........ wish we can turn back the clock.

I have been selling down my Insas shares and a small portion of the proceeds I have allocated to KPS.

Tong will definitely make money on Insas. His cost only 80 sen and he received 2.5 sen dividend. We all should also be happy for Tong.

Mr Sslee made substantial gains on Insas and I am very happy for him. All of us are here to make money on Insas. Some people made a bit, some made more, doesn't matter so long as everyone made money. But some people are upset about it. Us making money doesn't mean these people lost money. If Leno makes more money than all of us combined we all should be happy for her. We are all together here making money in Insas except that wallstreetrookie who cut loss on Friday.

Got interesting full page article by Tong in the latest The Edge Weekly on page 60. Everyone should read it and understand Tong's state of mind at the moment.

Better buy first thing in the morning.

Looks like tomorrow Affin will go limit up.

This year only 4 weeks I have sold only 4 counters, completely sold off my Kuchai, sold down some of my SBagan, sold down some of my Affin, sold down some of my Insas and today I checked my cash balance in my bank account, only RM450,000.

This article first appeared in The Edge Malaysia Weekly on January 8, 2024 - January 14, 2024

THE Sarawak State Financial Secretary is understood to be close to concluding a memorandum of understanding (MoU) which will lead to a deal to acquire an additional stake in Affin Bank Bhd from Lembaga Tabung Angkatan Tentera (LTAT).

At present, Sarawak has a 4.95% stake in the bank. The state bought the 112.56 million shares in mid-April last year at RM1.97 per share or RM221.74 million in total.


The Edge learns that Sarawak state is keen to acquire an additional 15% in Affin from the armed forces fund that has a direct 29.7% in the banking group while its wholly-owned unit Boustead Holdings Bhd has a 20.65% stake.

The talks for the MoU were more or less concluded late last year, according to sources. However, an agreement has yet to be signed.

I really love Insas. My original investment in Insas went up five fold last week which means I made a gain of four fold, that's four times what I originally invested. Insas paling cantek.

But Ah Thong very smart because he took salaries and bonuses for 50 years.

Leno says she trapped 15 years in Insas never sold. I think Ah Thong trapped 50 years in Insas also never sold.

I miss the forum here. Brings back fond memories.

@speakup, yes, proposals can be revised. That would definitely be better for Kuchai minorities.

Dear Mr Calvin, is Insas good buy or otherwise?

Leno from time to time speaks of having bought PM Corp for 8 sen or something like that. I never bought PM Corp at 8 sen but .
...... but, but I last sold my PM Corp at
around RM2.50. So, how long did PM Corp take to get from RM2.50 to 8 sen?

Hahahahahaha

Had Tong bought some Insas shares or warrants in the past week Insas would have guaranteed to climb up further tomorrow. Now it's isn't clear. It could go up or down or sideways.

@Income, contrarians are not traders, they are medium term investors. They buy when no one wants, they watch quietly when people start buying, they sell when people get excited.

If people here wants to believe in the bullshit that Sarawak is taking over Affin then go ahead. Sarawak's first 4.9% stake was done at RM1.97. My own average cost in Affin is RM1.89. :-)

Remember the official news is that Sarawak is buying additional 15% in Affin from LTAT. There's nowhere in any news report that Sarawak is taking over Affin. Only bullshit from some people.

KLK take over offer of RM1.55 for Bplant was the best price. Eventually LTAT had to match that price and call off the deal with KLK. This further burden LTAT financially.

Yes, Sarawak wants their own bank. On the other hand LTAT needs money to pay dividends to its members and since they couldn't sell down Boustead or Bplant, it's only Affin left that they could sell down.

Already made 4 fold gain on Insas, hahahahahaha.

The hype in the past week has been Tong making a take over of Insas or at least
substantially accumulating. So, it's very disappointing that he didn't increase his rather small shareholding.

Leno, if follow you I would not have been able to increase my original investment in Insas 5 folds.

I have one last batch of Insas to sell if price goes over RM1.40 . If it doesn't I probably be stuck with it for a year.

@Income, most little boys here will not sell unless told so by their mummies.

@speakup, part of my Insas proceeds have gone into KPS @ 82 - 82.5 sen.

@speakup, correct, I have been selling down, last price I sold was at RM1.34.

@Busino, if Affin does a 1 for 1 bonus issue, price will be adjusted to RM1.20 and if later price drops below RM1 some funds are prohibited from buying shares below RM1.

@metaverse, how to do a takeover if there's no way to acquire 50% plus one share?

Tong only owns 124,700 shares in Insas plus recently acquired 134,800 warrants. How to take over Insas with so little. Even myself held more.

LTAT and Boustead currently owns close to 50% , so there's no way of an hostile takeover. The only takeover is one that's decided by the Federal government such as Maybank or CIMB or RHB or even MBSB taking over Affin. Then it will be done at a price of at least 1 time book value.

Mikecyc, CNY coming. Be merry, be jolly, be happy.