Our friend TheContrarian is correct! i missed out the Top no. 21 in which Insas own another 18 millions inari shares. Which mean that after bonus issue Insas got another 27 million inari shares.
That would bloat up Insas total value in Inari aetclone to over Rm1.4 Billions or Rm2.20 pPper share
Rest of Insas businesses in Security firm, Properties, Dome Coffee, Pacific Car Rental, leasing business, Dgsb shares and etc etc to another 80 sen easily to make it Rm3.00
Inari shares are reflected in Insas financial statements at only 37 sen per share because Insas treats Inari as an Associated Company. Insas NTA does not take into account the excess of Inari market value over its 37 sen cost.
If we take market value of Inari shares at say, RM2.37 subtract cost of 37 sen will give rise to a gain of RM2. Multiply by say, 600 million Inari shares held by Insas, total gain to add on to NTA is RM1.2 billion which means Insas is worth almost RM2 higher than NTA per share.
To Calvin the sum total of assets minus all liabilities will be the true value
IF TODAY IS THE DAY OF REKONING FOR INSAS AD A GOING CONCERN AND ALL ASSETS MUST BE SOLD AT MARKET. THEN MINUS ALL DEBTS.
THAT NET NET LEFT OVER BY 5PM WILL BE THE TRUE INTRINSIC VALUE
1. HOW MUCH WILL INARI SHARES GARNER IN TOTAL? RM2.OO A SHARE?
2. SALE OF ASSETS IN MALAYSIA AND OVERSEA WILL BRING IN HOW MUCH?
3. WHAT ABOUT ITS CAR RENTAL FRANCHISE BUSINESS AND ALL MOTOR VEHICLES VALUE? ITS ESTABLISHED CLIENTELE?
4. ITS RIGHTS TO DOME COFFEE IN MALAYSIA
5. ITS STOCK BROKERING LICENCE IN M&A SECURITIES. HOW MUCH RHB TOOK OSK SECURITIES PRIVATE? KAF TAKEN PRIVATE RM2.70. BJ CAPITAL AT RM3.OO. HL CAP AT RM16? HWANG AT RM? DR YU TRIED BUT FAILED TO BUY OVER PM SECURITIES. WITH TA OUT OF THE WAY A STOCK BROKERING LICENCE IS AS RARE AS A WHITE RHINO
6. ITS BUILDING BUSINESS?
7. ITS MONEY LENDING LICENSE? WORTH HOW MUCH?
8. ITS WORLDWIDE INVESTMENTS. Example is DGSB shares.
KUALA LUMPUR: AmInvestment Bank Research expects Inari Amertron to register a robust earnings compounded annual growth rate (CAGR) of 31% from FY17 to FY20F.
It said on Wednesday that underpinning the growth would be three core pillars.
The first is radio frequency (RF), which benefits from the transition to 5G and rising content per device.
The second are laser devices, which are boosted by increasing biometric and augmented reality (AR) applications in smartphones.
The third is LED, which rides on rising demand for high-resolution billboards in shopping malls.
“We maintain our Buy recommendation on Inari with a higher fair value of RM2.61/share (vs. RM2.50 previously). Our valuation is pegged to a CY19F PE of 20 times, in line with its three-year average,” it said.
AmInvest Research revised its FY19F and FY20F earnings marginally upwards by 4.1% and 4.2% respectively after factoring in a slightly higher utilisation rate for its RF segment.
It believes that the segment will continue to grow sturdily on the back of rising RF content in smartphones, which is needed to facilitate the transition from 4G LTE to 5G.
Aside from that, Inari is working with its German customer to develop several new products.
The first is fine-pitch LED (less than 2mm pixel pitch) used for billboards and other public display panels; and the second is health sensor as well as vertical-cavity surface-emitting laser (VCSEL) components for both 2D and 3D sensing applications.
Yu and Mee, Most businesses of Insas are cyclical With Gst Malaysian consumers held back spending. Revenue can drop. Bursa trading also cyclical. Exports too.
But we look from the angle of Value. If Insas is worth Rm3.00 and going at one third price offers deep value. Value could be overlooked or under appreciated
Last time there was a stock recommended by Dr Neoh Soon Kean of Dynaquest. That stock was KESM at about Rm3.00. It has good earnings due to its business with motorolla. It also got high NTA i think. But it gave peanut dividend of a few miserable sen And it was dull. So i sold it off for a small profit
Lo and behold. Mr Market finally discovered Kesm and pushed it near to Rm20.00
SO ONE DAY SOMEONE SOMEWHERE WILL ALSO WAKE UP TO THE REAL VALUE OF INSAS
Not say i put a cool water. People rather buy inari instead of insas. Everyone who involve in Bursa also know Insas is good but price can not go up. So what for putting a money in a counter that can not move....so many year pass by n so many people keep waiting Insas to shoot...but end up it kill all the retailer by bore them up. Of courae if u buy now might is year low....any rebound not supprise at all. What about those buying high which think one day it can cross rm 2.00. Just like bjcorp...is good but price can not move. The director already milti billion...so they dun have time to take care a small holder ...price never go up they also never care. At least Brk.b is expensive...but it move.
Hahahaha......are u from algriculture? 90k per acre ...u know where is the land n how the land can produce a quality fruits? Rm240 k still people willing to buy...what is the different. Perhaps u are good in propertiea location...but farming....dun joke with me. Ur so call discount NTA calling buy from high to low. Once rebound...shout all way. I no need to argue coz u already very famous. Everyone know u....i just a small guy planting in small farm. PLS i beg u...dun show off again ur call on Jaks..bla bla bla...sick of it.
Dear all, To unlock the value of Insas someone has to buy to 32.99% and then proposed resolution to distribute Inari share to insas shareholders at the coming AGM. Thank you
Dear calvintaneng, Do you know any corporate raiders? If you know them please drop in their email address. I will write to them encourage them to raid Insas and unlock its value. Thank you
After federal court jaks still want to waste time appealing to UK Court? So much time and expense will be wasted by Jaks.
And more time spent in giving Rights Issue to raise capital? How come no money from purported China payments? Jaks also got KYY facing margin calls? Yet people still want to gamble with Jaks. i think Insas share price will overtake Jaks soon. Also your Hengyuan looks much safer that Jaks with lawsuit, cost over run, waste of time in Rights exercise and uncertainty of Viet Power jobs.
Back in 2018 Insas value already RM3 but ...... how come Insas market price never went beyond RM1.35 in the past 6 years?
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