If like FL where the director sold at 1.60 then went up to 2.50 then ok as well absorb by fund managers but with insas is hard to say unless there is some funds accumulating slowly. Personally I think with Inari at 4.00, down side is low for insas. Buy call for me.
INSAS has experienced a flag formation breakout above the RM0.845 level with improved volumes. The MACD Indicator has expanded positively above zero, while the RSI has surpassed the 50 level. Price could rally towards the RM0.975 and RM1.05 levels over the near term. Support will be set around RM0.82.
Joe2703 concur. Tkk only cares for his pocket. Hope one day a white knight will take over the throne n kickout the selfish guy. China investment companies perhaps this is the one....n only.
The Group reported revenue of RM47.3 million and a pre-tax loss of –RM25.7 million in the current quarter as compared to revenue of RM87.3 million and a pre-tax profit of RM33.2 million in the immediate preceding quarter. The pre-tax loss in the current quarter is primarily due to loss on fair value changes of financial assets at fair value through profit or loss of –RM26.9 million (Q4/2015: gain on fair value changes of RM4.5 million), fair value loss on derivative financial instruments of –RM1.9 million (Q4/2015: fair value gain of RM5.3 million), no gain from sale of quoted securities by the IT unit (Q4/2015: gain of RM5.8 million) and loss on foreign exchange of –RM10.1 million in the current quarter (Q4/2015: gain on foreign exchange of RM10.0 million) rimarily due to thestrengthening of the US dollar against the Ringgit.
better buy inari than insas...everyday people talk about insas's holding inari shares which are more than the market cap of insas itself but damn, this company is not moving anytime soon, maybe one day when thong wants to sell of his shares, then maybe they will goreng up this share...or else no reason to goreng, every month he already get big fat paycheck, more than enough to live very luxuriously...he got holding power and can take his sweet time holding his shares.
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dalpinia
2,299 posts
Posted by dalpinia > 2015-11-13 15:17 | Report Abuse
Insas still holding Inari for bout 28%!!! So Inari bonus issued would be definitely good news for INSAS.