No legs from Inari. Cannot pass through the pychologiical level of RM 2.15. Interesting to see if INARI can gap up tomorrow to RM 2.15 and with strong volume. If not sell Insas on strength as I see no catalyst to push up the price of Insas until earnings announcement. Trade at your own risk. Happy Investing!
Some big buyers emerged..... Volume is up significantly today...2.12M shares transacted, highest in the last 6 trading days
Technically, price now is above the 10, 20, 30, 50 days exponential MA. MACD though still -ve is turning up ..... Stochastic cut the signal line from the bottom and turn positive ...Bollinger Band is narrowing and price is almost touching the bullish upper band.... Overall is bullish.....:)
Broadcom (AVGO), the company Inari contract manufacture, rose to an all time high of US233 recently....Is Inari's business as good ? Inari also rose to an all time high.... So, how about the coming Quarter results?
expecting a positive opening today. Inari should gap up at the opening trade. Insas should also be testing the resistance of 94.5 sen today. Both need volume to push over the resistance level. Happy Trading! Trade at your own Risk!
People thought we are promoting to sell ! Hehehe! :) We are talking facts.... Maybe the syndicate doesn't like it.... Every time when more retailers come in to buy... Syndicate will sell ! Walaoyeh!
By any valuation, it is dirt cheap at current level...especially technology stocks like Inari offer a promising future....walao 1000 shares Insas indirectly own 607 shares in Inari.... I dared not buy Inari so I bought Insas! LOL!
334 millions investment in securities as at 31122016. Has this appreciated in value? How much profits has been realised....
I don't think there are contra players in Insas... Sellers are all tired holders... Contra players for sure won't choose Insas.... there are so many other counters which offer more volatility and much higher beta for trading excitements ! :)
Maybank online registered under Maybank branch not Maybank IB...for easy money transfer between trading account and saving ac online without involving remiser..
Insas' problem is there's around 10 million shares previously forced sold a few months ago still floating around with no long term investors taking them up.
Duit, it has some correlation. But Insas has so many others apart from Inari.... There are other catalysts to move the price.... but check out the prices for both in the last 1 year taking the closing price at the end of each Quarter...
Good closing for Inari. That's what I like about Insas. A bit slow to adjust and will definitely get there eventually. Sold Insas at 93 sen (bot at 91.5 sen) and re-enter again at 92 sen. I am expecting a gap up again for Inari on Monday. This lagging stock is good to trade. Have a good weekends guys. Thanks for the promotion. You still can buy at opening on Mon to capture the mis-pricing. Again check what is DOW friday's closing before you enter the trade.
Remember Mon 24 Mar 2014? It was the biggest green candle ever recorded with the strongest volume ever traded at 138 million. It closed up 24 sen to RM 1.18 that day and the hype was Finally Insas ..CHEAP VALUATION..taken notice by Investors. You can read more at http://www.thestar.com.my/business/business-news/2014/03/25/insas-shares-rally-investors-are-attracted-to-its-cheap-valuations/ Look at Inari now and then. Market capitalization was at RM 1.29 billion in 2014 vs a whopping RM 4.269 billion in 2017, a 3-fold improvement, averaging about RM 1.1 billion a year. What about Insas back then? Insas was holding 34% of Inari or about 438mil, and now Insas 22% stake is valued about some RM 930 mil. How long would it take for investors to take notice this time around. Soon, if we have so many good FA promoters like Felicity, Kcchongnz, Kyy, OTB, Icon 8888, Yi stock and Bonescythe help to promote this counter as well. I do notice some of the promoters do own the stock too and perhaps time is ripe to do another write-ups on Insas.
Too much attention is being paid to Inari though it is a major profit contributor and a value enhancer for Insas share price, another very important investment of Insas is the "INVESTMENT HOLDINGS AND TRADING" which is investment portfolio of securities invested in Malaysia and overseas total RM334 millions as at 31St Dec 2016....
Stock Markets worldwide experienced a bull run from 1st Jan 2017 to 31st March 2017..... How much realised and unrealised profits would be contributed from this RM334 millions investment in the coming Quarter results?
If conservatively 10% would bring in a profit of RM33.4 millions
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....
Skliew
1,201 posts
Posted by Skliew > 2017-05-11 14:50 | Report Abuse
King36, here is the info you mentioned of isaham...:)
http://www.isaham.my/stock/insas