Just gone thro' 2016 report one more round, very good figures, to quote: Non-current Asset/Liabilities 683mil/211mil; Current Asset/Liabilities 1.215bil/0.33bil; Retain reserve 559.54mil. I think really good counter for take over target. Don't mind me on hot topic now of TA, FA, D(ynamic)A, V(alue)A, C(urrent)A discussion on which is better, just wanted to join in the fun of i3 forum and learn/share something with all the sifu..
@TheContrarian. Nvm the desperate sellers, we can promote the good FA for awareness so that more buyers to absorb desperate sellers, hopefully. Huat together..Thanks, your warning make me read the 2016 report one more round.
Insas has been undervalued for a long time. I entered about six months ago at prices below 70 sen. Latest quarter results was around 8 sen and yet the price hardly moved.
My price below 52week low, I am willing to wait much longer. I bought Pmetal on the same day, being in out few times. No regret if can go near the intrinsic values..
Insas associated co, syf n hohup also strengthen recently, syf recommended by UOB with better results Hohup secured a few hundreds million contact few das ago.
Insas is low trade volume. Once some buyer notice and start to accumulate, the only direction is up. Once it is above 80sen, it might fly because of their management might call for share buyback again.
This holding % in 2016 Insas report: Gleneagles medical-20%, Ho Hup-13.1%, Inari-22.8%, Kinrara Properties-45%, M&A Securities (stock Broking)-100%, and many more in the listing..just for sharing since I have the CD.
Insas NTA = 2.13. Very conservative valuation of its net net working capital = 1.44 (all investments are valued at its book value). Can u imagine how much Insas worth is if their investments in the public listed co are being realised. As stated in their 2015 AR, their gain/share of their investments in Inari is 0.89 based on their market cap of 2.8 billion. Inari;s market cap has risen to 3.4 billion!
@ TheContrarian, actually i think major shareholder seldom trade. Only traders like to pump or short sell to make movement up and down. The last up trend few year back, brought it from 0.4 to 1.3 slowly in 1 or 2 years. I believe this is not a stock for trader. I hope people don't buy for the uptrend, buy for the dividend. If stock above 80sen, they might initiate sharebuyback. They can't do share buyback now as their treasury stock are mostly above this price. They might need to do accounting adjustment if do it now. These are just my thought.
yes. no major shareholder want to depress their share price, if they want more money. the reason I think is, keep the share price low so they can privatize easily. one example is olh' osk bought over osk property and OK development. even osk price also being depressed.
Nevermind the 1sen, many don't realise the 1sen deduct from share price during ex-date. Use to be tax deducted also. Hope for share price nibbling up better. For information, Insas at 52week high, my yard stick for profit taking, this time I think can wait a bit longer..huat together.
Are you Stock Market God? Most hedge fund manager can't achieve this. Start a hedge fund, i might consider put in money for the only 20% if you can guarantee it.
I'm no God! But I have been in the stock market since year 1993 (I was just a kid then) and I have learnt my lessons. I don't simply buy, I don't chase, I do my own research before I buy, I only buy when I am sure of making at least 10% within six months, I concentrate on only a handful of counters. I have not lost in the stock market since year 2000. I probably was just lucky.
@TheContrarian, that is smart investing. I am not so lucky, still holding some high dividend counters since 1982 with paper loss. So high dividend is not yard stick for purchasing stocks..huat together.
The reason I bought into Insas is mainly it's 22% shareholding in Inari which Insas bought at a very low price and has huge unrealized investment gains but the Company isn't sharing this with the shareholders.
Technology and health care are top pick of institution and fund managers. Khanzana strongly focus on these. N these are core main businesses of insas. Hope the result will be further improved n higher dividen for medium and long term...
Posted by inlandmarks > Jan 20, 2017 11:25 AM | Report Abuse
Technology and health care are top pick of institution and fund managers. Khanzana strongly focus on these. N these are core main businesses of insas. Hope the result will be further improved n higher dividen for medium and long term...
@ TheContrarian, Insas will share. I'm returned investor of Insas. They have good track record of sharebuyback before the melt down. Last time, they have the tradition of accumulate share and return to shareholder as dividend. Now they are sitting on around 3-5% of treasury stock. They can't sharebuyback now most likely due to most of the treasury stock are bought by them above 80cents. As for the Inari stake, last time Inari is whole-owned by them. They public list them. Anyway, i got no crystal ball as well. Just got to hope. I like the constant 10-20% profit, but nothing beat owning a stock that grow 100% or 200%. It will be a trophy for your lifetime. I value success in investing > success in trading. Odd of zero sum game only benefit brokers.
One of the counters I bought in late November last year already achieved almost 100% gain today. Insas is moving too slow. There's heavy selling at every level, so high to even touch 80 sen. Anyway I will be holding for long term until it goes above RM2.
Based on the 1st quarter EPS at 8 sen the year end EPS may be around 20sen. Use your commonsense Insas will be still be traded at below RM1? Don't forget about the NTA at that time,at RM1 it is still under valued. Insas is currently standing on its own feet at the current price. When market is active,there will be analyst highlighting on this counter followed by price hike. Be patient with confidence and hope for the best.
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