TheContrarian, thannsk TheContrarian noted thanks I just wonder if the company no make profit , why the boss own so many his company share . unless want us follow him and his company die lol
Insas has high NTA and lowPE. The current price is about 30% its NTA. You can consider it is at rock bottom. How much it can still go down? Dividend yield may be a bit disapointing but cash is accumulated. Coming the economical storm this stock will go through with its reserved cash. In the coming uncertain economical environment,bet on the good horse(Insas is one of them) not on the jockey(high flyer stocks claimed to be on high growth and from chart analysis).
@SenSeng Loh good observation. Sooner or later, the bloated NTA will bloop i.e. target take-over, bonus issue, etc. Need to be patient..Recently, a lot of forum discussion on FA, TA, whateverA; I think Insas is a good case studies.
The overall market is very uncertain. Don't expect any miracle on strong recovery at the moment. Weak holders and stale bulls may unload the stock despite the strong fundamental and positive growth of this counter.With fundamental rated at 2.1 and valuation at 1.8 against max 3, Insas is sitting quite well when facing economic downtrend. Hold the shares for long term gain
Current asset, net of all liabilities(current and non current ), is rm1.10 per share; Non current asset is another RM1 per share! Excess in the market value of quoted shares less the investment costs of the associated companies is about 83 Sen per share ! Insas offers immaculate values for long term investors!
A potential inverted Head and Shoulder chart pattern is developing from Jan 16 to the present, with the neckline at 75 sen. Heavy accumulation suspected in recent months from 68 to 75 sens..... Good Days probably are near... keep fingers crossed... :)
A good takeover target ! Value of quoted shares of the associate companies equivalent to RM1 per Insas share and all the net current assets, also about rm1 per Insas share are free together with more than 500 millions non current assets.
collecting, got 50k below 0.7 and 50k @0.705 last week. But hard to get more. Don't dare to queue now or else some troll just throw 100 share and triggered. Waste broker fee only.
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TheContrarian
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Posted by TheContrarian > 2016-11-28 17:31 | Report Abuse
Parkson's cash been depleted through daily cash buy backs.