people with no holding power will want to sell. While big shark waiting to eat even more! hehe. Buy some and keep. Should not be problem to reach RM1 once all power release
Please show me another stock with intrinsic value more than double the share price at the moment and with the positive earnings fundamentals and momentum of Insas and I will buy it !
I DARE you ! Show me !!! SHOW ME !!! (insas 93.0c on 19th dec)
sometime exchange rules work in our favor. insas is seriously undervalued and either the price has to rise or somebody will make a general offer to try and get the whole enchilada on the cheap and if they try and get it to cheap a bidding war will start and in the end the investors will win. not sure that is what is going to happen with insas right now but i am sure it is grossly undervalued and worth a whole lot more than .95RM. End of story.
super heavy distribution by Owner... look at the rsi. sayo nana loh. gweilo, if u can sell 50c by end of the year also u count urself lucky loh...your stock market business theory 101 dont work in bolehland lor... so sad. welcome to bolehland.
This thing is way bigger than Insas. Cash is flowing out of emerging markets. Fed will once again ramp up QE and then it will flow back. This presents a great buying opportunity. There will be immense volitility coming.
A Closer Look at China and HSBC – Are they Running Out of Cash?
Fears are growing that HSBC bank is insolvent, after the Bank refused cash withdrawals and has an $80bn blackhole in their balance sheet. Last night,Forbes and a variety of sources including Max Keiser, and FXstreet (Forex) reported a Bank of China announcement suspending all cash transfers for the next several days. So what’s really going on?
The Forbes report states:
“The People’s Bank of China , the central bank, has just ordered commercial banks to halt cash transfers.
In short, there will be a three-day suspension of domestic renminbi transfers.There will also be a suspension, spanning nine calendar days, of conversions of renminbi to foreign currency.
The specific reason given�“system maintenannce” at the central bank�is preposterous. It is not credible that during the highest usage period in the year—the weeklong Lunar New Year holiday beginning January 31�the centtral bank would schedule an upgrade and shut down cash transfers.
A better explanation is that the country’s banking system is running dry.”
This news comes on top of my report yesterday that HSBC bank looked likely to require a bail-in by customers, or a bail out by the Chinese state in the near future, due to the $80bn shortfall in cash. With China now on the brink of a currency crisis, and holder of $1.3trn of US debt, we might want to brace ourselves for a distinctly stormy economic situation, imminently.
However, this morning, Zero Hedge challenged the Forbes report in the most stern of terms, writing:
Anyway, here is what really happened, as reported by China Compass. “Forbes columnist Gordon Chang claimed in a much-quoted item today that the Peoples Bank of China had instructed commercial banks to halt cash transfers.Chang’s column, entitled “China Halts Bank Transfers,” specifically refers to Citibank’s Chinese branches. The report is entirely misleading.” Our advice � focus on the real “weakest linkss” in China’s banking system, of which there are many and are backed by facts, not the least of which is the potential upcoming shadow banking default. Ignore groundless rumors and speculation.
The Zero Hedge report is all the more concerned about the apparently erroneous report as China’s genuine liquidity issues mean we do need to be alert to the potential of the Chinese banking system drying up, and the criticality of the results.
All that said, China certainly has all too real liquidity (and solvency) problems – none of which have anything to do with a suicidal act by the PBOC – as explained here extensively in the prior weeks and months, captured best by the fact that both China’s and HSBC’s CDS are both at multi-month highs.
Our advice remains the same as yesterday, view HSBC with caution and remain prepared for a liquidity crisis within the Bank and/or China in the not too distant future � be smart investors, and customers.
Better to be able to dream than going 6 feet under. Just some glitches on world economy and you guys start hammering gweilo ......... hammer him only when the price goes under 50 cents.
My view here is that the management, who is also the major shareholder, is leaving too much money on the table based on just 23% holding of Insas. At the current price, this company is opening itself up for predatory takeover.
Posted by matrixcool > Feb 5, 2014 11:09 AM | Report Abuse
sephiroth, INSAS is still bearish (So many counties have turned bearish after recent drop), but it manages to hold above $0.765 which is a good sign. It will start stage 4 of the cycle if $0.765 is broken. Now it is on technical rebound with immediate resistance at $0.825/$0.86. Very strong resistance is at $0.89 which is also its downtrend resistance line. If this level is broken with volumes the counter will turn to be very Bullish.
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Posted by kingleecha > 2014-01-25 21:15 | Report Abuse
wait at 0.41c