This counter INSAS is under-valued right? Now it is more Valued Under... ha ha ha... Last time Leno bought at 1.34 and she said it is still under-valued. Now she went hiding somewhere.... ha ha ha
KUALA LUMPUR (Aug 17): Diversified group Insas Bhd ( Financial Dashboard)’s net profit for the fourth quarter ended June 30, 2015 (4QFY15) rose 13.9% to RM33.48 million or 5.07 sen, from RM29.4 million or 4.42 sen a year ago, mainly due to higher revenue.
Its latest quarterly revenue jumped 62.6% to RM93.29 million, from RM57.39 million a year ago, primarily due to higher revenue in its investment holding and trading division, according to its filing to Bursa Malaysia today.
Insas noted however that the division’s pre-tax profit came in lower, due to lower gain on fair value changes of financial assets.
Investment holdings and trading division generates the biggest portion of revenue among Insas’s five businesses, contributing 76.7% of the group’s total sales.
Cumulatively, the group posted a net profit of RM92.16 million for FY15, down 42.5% from RM160.40 million in FY14; even as revenue rose 49.3% to RM412.76 million, from RM276.52 million.
Earnings per share in FY15 came in at 13.89 sen, compared with 24.10 sen in FY14, as earnings was impacted by lower profit by its stock-broking, structured finance and investment units.
Insas’ board of directors, led by businessman Datuk Seri Thong Kok Khee, opined that moving forward, the performance of its stock broking, structured finance and investment units will be challenging, in view of the current market condition.
“(Meanwhile), the board expects the IT unit and Inari Amertron Berhad ( Financial Dashboard) Group to continue their positive contribution to the group’s results in the current financial year (FY16),” Insas said.
Insas (fundamental: 2.3; valuation: 1.8) slid 4.5 sen or 6.57% to close at 64 sen today, for a market capitalisation of RM454.16 million.
Inari (fundamental: 3.0; valuation: 2.1), in which Insas owns 27.26% as at May 25, 2015, and provides back-end semiconductor packaging services, fell 13 sen or 4.26% to RM2.92 as of market close today. It had a market capitalisation of RM2.23 billion.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
Insas still need time to slowly go up... Wah, look @ PMH..... I get to pocket real much today... ha ha ha.... when this counter goes up then PMC & MUI will follow soon.... ha ha ha.... but that leno cat always not believe, now all her money gone.... ha ha ha
Leno cat, miss the LCTH boat then got burned in Insas & PMCorp... Leno got burnt by buying in when the stock is too high and when the stock is too low she went hiding... and some more she always tell people that she is the INSAS king... ha ha ha
As some put it : Insas is also holding a 13% stake in HOHUP (RM51m marketcap), 11% stake in OMESTI (RM28m marketcap) and 9% in SYF (RM30m marketcap). Riding on the Inari’s success. Insas main asset is its 27% stake or RM675m in Inari, which already exceeded Insas marketcap of RM575m, implying that the market is valuing its Financial service and credit & leasing division; Property investment and development division; Investment holding and trading division; Retail trading and car rental division businesses for free!
insas is very much under-valued.... under valued until so many people went under-valued with it... now comes value caps.... ha ha ha............ha ha ha..... insas....
Now cheap sale 70c very little ppl will buy , but when it goes to $1.30 then all the people will jump in to buy.. I think value cap maybe interested in this counter at this "value" price
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
TianTianTuaHuat
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Posted by TianTianTuaHuat > 2015-08-14 09:12 | Report Abuse
This counter INSAS is under-valued right? Now it is more Valued Under... ha ha ha... Last time Leno bought at 1.34 and she said it is still under-valued. Now she went hiding somewhere.... ha ha ha