Today I invest in the stock market for pocket money only.

I invest in the stock market with an objective in mind, way back in 1990s, my goal was to make enough to buy a home and I did so by year 2000.

Today that condominium has a market price of RM600,000.

Used my RM100,000 gain to pay partially for a condominium with a nice sea view.

If I remember clearly the Second Board super rally was only about 4 months as I cashed out in April that year made a gain of over RM100,000.

I survived the crash of 1994 and went on to make loads in the Second Board super rally in 2000.

In 1993 I was in my 20s and was in the stock market for the first time.

There will never be another super bull run like in 1993.

1993 super bull run already saw action in the stock market.

@Cipta, ultimately MAA will be privatized but no one knows when. In the meantime minority shareholders continue to be punished by not getting any dividend.

@speakup, I not yet 60 lah. MORE THAN ten years to go before 70 lah.

April coming to an end and still Sarawak has not been given approval to increase their stake in Affin.

When I am 70 I hope to sell off my gold and silver coins.

Ya, hard for bank stocks to move up without foreign funds buying.

When I am 70 hopefully Insas will be 60 ringgit.

When I am 70 I wouldn't be in the stock market anymore. Still got over 10 years to go.

If 70 years old, don't speculate in the stock market.

@xiaoeh, age 70?

Posted by newbie5354_ > 32 minutes ago | Report Abuse

Xiaoeh meaning is 70 sen best buy? By the way where is Leno? Leno not among Insas sifu?

Posted by xiaoeh > 5 minutes ago | Report Abuse

70

@newbie5354, it's his age.

Affin is consolidating too long, there's no clear direction going up or going down.

@xiaoeh, no, I don't.

Ten thousand shares only? Hahaha 🤣

I don't think MAA will declare any dividend as punishment to the minority shareholders for opposing the major shareholders attempt to privatize it at 1.10.

I am not a MAA share promoter, I merely like MAA better than Insas at this moment.

I have planned to start buying back Insas next month but MAA now looking more of a better prospect. Insas can wait, MAA on Monday.

Left without selling? All trapped!

again?


TheContrarian

8,646 posts

Posted by TheContrarian > 2024-01-18 18:09 | Report Abuse

Bought at 35 sen today.


TheContrarian

8,646 posts

Posted by TheContrarian > 2024-01-19 10:33 | Report Abuse

Bought at 34 sen today

On the first trading day in January Kuchai went limit up and I sold off all at 1.62 netting over 30% gain, used the proceeds to buy 100,000 MAA shares at 34 to 35 sen.

Posted by dompeilee > 1 day ago | Report Abuse

Bought more MAA @ 38.5c, going above 10,000 shrs for the 1st time since 2012!

Ten thousand shares? Yesterday I sold 24,000 shares , still have balance 97,100 shares.

Posted by dompeilee > 2023-11-16 17:01 | Report Abuse

Dripped more $ into MAA @ the 44.5c close...🤗 Pity those who chased @ 60c or higher & had to CUT, but if they chose to hold, they would be guaranteed to make $ within the next year at the very latest

Pity those who bought at 44.5 sen.

Sold a small portion at 9.54 am yesterday. What's the price at 9.54 am?

Where's Dino?

Took some profits at 40.5 sen in the morning before the announcement.

Oh dear, price dived.

That time I exited MAA at around 1.04 or 1.06, sold all in one go. My average cost around 60 sen.

Posted by TheContrarian > 2 weeks ago | Report Abuse

Insas at 1.07 it's difficult to make a 30% gain within 6 months. So, I would rather be invested in say, Mycron @ 38.5 sen or MAA @ 37 sen.

MAA to fly?

The total gain is RM29 million and will enhance MAA's EPS by 11 sen.

Breaking news : MAA sold off all its interest in Turiya for 40 sen per share making a gain of 22 sen per share.

There will be a MGO at 40 sen lah.

Comes February 2026, Insas share price hovers around 90 sen, Thong buys all warrants off the market including those held by Leno for 1 sen.

If I had first bought Insas 20 years ago I would have surely made more than 4 fold gain, maybe 10 fold gain, hahaha.

If Insas share price continues to drift, the warrant price will follow and as time goes, the warrant premium will narrow. Thong can take his sweet time to grab the warrants.

@MrSslee, exactly, Thong can't simply do a MGO, if he fails, he has to sit out a year. His end game could be to exercise all his warrants in February 2026. If Thong buys more warrants from the market he need not announce it as he is no longer director. So, if he slowly accumulates the warrants no one would be aware until they publish the next Annual Report.

What's this debate about? That Thong hasn't done anything in the interest of the minority shareholders of Insas? Doesn't matter, at a certain entry price level Insas is a value buy, at other entry price level Insas would be a value trap.

Posted by Sslee > 2 hours ago | Report Abuse

Insas % holding in Inari has been diluted due to ESOS and PP.

Although Insas' interest in Inari was diluted, the very high private placement price of RM3.10 increased the NTA of Inari and benefited Insas.

8 years ago Thong and PAC already held close to 33% in Insas and there has been no changes since. 8 years ago how much Inari did Thong personally held? How much does he still hold?

A person who bought Inari shares 8 years ago and hasn't sold would have made an 8 fold gain or roughly 100% annually.

In the past 8 years Inari gave bonus shares twice , a 1 for 1 bonus issue in 2017 and a 1 for 2 bonus issue in 2018. So 1 Inari shares 8 years ago, then trading at around one ringgit has become 3 shares at 3.06 today.

Abang Jo didn't attend the AGM.

Eight years ago when I first bought into Insas, it was hovering around 65 sen and Inari at that time around one ringgit. After 8 years Insas is today at 1.02 while Inari at 3.06.

The AGM was chaired by the Chairman of Affin Bank Berhad, YBhg. Dato' Agil Natt, with the Board of Directors and President & Group Chief Executive Officer, YBhg. Datuk Wan Razly Abdullah in attendance.

Chairman thanked all the investors, customers, and other stakeholders for their continued support in enabling the Group to deliver excellent performance consistently. He also thanked the employees for their hard work, professionalism, and commitment. AFFIN Group will remain focused on providing profitable and sustainable growth and will grow to become a Modern and Progressive Bank.