Dear all, I wrote an email to enquire about INSAS 55th AGM minutes and got a reply as follow: Hi Mr Lee Regret to inform you that the minutes are still being reviewed by directors and we will notify you as soon as it’s cleared. Regards Fong Siew Thank you
dunspace, sometime the market doesn't react logically. It just need a theme to act on certain counters. As long as the theme is right, ppl will fried, I'm not saying Insas will definitely get benefit from that, i'm not god, let's just keep our finger cross and wait.
that's what i generally hate when investing in malaysia stock market. THEMES. It's most of the time just a greater fool game, waiting for the last fool to buy and then the prices collapse.
@dunspace.... insas is not even close to Berkshire. Your article seem like coming out from my point about insas and berkshire. I heavily invested in Berkshire but 0 share in Insas.
By the way, the net change in working capital, could be just INSAS selling inventory.
For the age of high interest rate coming, insas could suffer most as broad market price down and insas need negative fair value adjustment.
Defensive stock or cash will be better now. Defensive stock are stock that will gain from interest rate up, but avoid risky bank. Asian bank sometime drop 50% when US interest up. Great example is 1997-98. Many Asian borrowed in US.
@alooloo, did not see your point regarding Berkshire. Obviously they are not close, you are missing the point I am making. As age of high interest rate is coming, Insas will suffer negative fair value adjustment, how about Berkshire?
Anyways, made a check for you. Inventories value never move the first half of FY18 and they reduce their exposure to fair value financial assets by 10%.
not many ppl can make money from KLSE. That's why got some LOSER have to try his luck at other market after losing and losing in KLSE mar. I am not making this up. This is truth and fact lor. Leno will never advise this ppl to come back to KLSE. They will never ever able to make money here one. HAHAHAHAHAH ... INSAS CANTEEEEEEEEEEEEEEEEEEEEEEEEEEEKK !!
Dear dunspace, During the 55th INSAS AGM, I had collected name-card of:
1. 4 out of 6 BOD: Dato’ Sri Thong Kok Khee, Dato’ Dr. Tan Seng Chuan, Dato’ Wong Gian Kui and Ms. Soon Li Yen. 2. Company Secretary: Ms Lau Fong Siew. E-Mail: fongsiew@insas.net 3. Grant Thornton Auditor: Ms. Foo Lee Meng.
I the case of BOD, I had email them: Thank you note, Follow up note, Value sharing note, Christmas/New Year greeting, Friendly reminder note and CNY sharing. No reply from any of them, most likely they are too busy with making more money/profit for INSAS. So far only the Company Secretary Ms. Lau Fong Siew response professionally to my inquiry on AGM minutes readiness.
@Jon, that's exactly what I wanted to send an email about, share buyback. I don't mind increasing my ownership % by share buyback for a company like Insas.
Yes you can send your e-mail to Company Secretary with please forward it to CEO Dato’ Sri Thong for his action.
Dato’ Sri Thong is in dilemma, he hold 25.05% of direct and deemed interest in INSAS and another 83.4 millions in INSAS-WB. He is cracking his head when WB expired in 2020 his conversion of WB to INSAS share shall not cause his INSAS shareholding to excess 30% threshold to trigger a MGO. Or should he sell some of his WB in open market now and when the sell is announced in Bursa causing panic sell of INSAS share.
Thong and person acting in concert such as his brother has already owned 32.9% of Insas for the past two years at least and any share buyback will automatically trigger an MGO.
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Posted by TheContrarian > 2018-02-28 11:16 | Report Abuse
Hengyuan today dropped by over RM2 after QR released and declaration of 2 sen dividend. Luckily Insas can never drop by RM2.