Posted by TheContrarian > 2019-04-09 11:57 | Report Abuse

Welcum back Leno. Insas cantek.

Posted by char1234 > 2019-04-09 15:01 | Report Abuse

yes...Hold .

Posted by char1234 > 2019-04-09 23:42 | Report Abuse

will trend higher n higher ....go for d warrant .

Posted by ivan9511 > 2019-04-10 14:05 | Report Abuse

easy money will break 1 very soon as I call buy below 70sen now big big ang pow money
all the best loyal investots


Stock: [INSAS]: INSAS BHD

Apr 8, 2019 4:59 PM | Report Abuse

limit uppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppp


Stock: [INSAS]: INSAS BHD

Apr 8, 2019 2:34 PM | Report Abuse

insas is the most undrv stock in Bursa as i ALWASYS SAY at the begibing

if can add moredividend insas normally can play around 2 ringgit
value is too big

Posted by ivan9511 > 2019-04-10 14:55 | Report Abuse

up up up insas

easy money will break 1 very soon as I call buy below 70sen now big big ang pow money
all the best loyal investots


Stock: [INSAS]: INSAS BHD

Apr 8, 2019 4:59 PM | Report Abuse

limit uppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppp


Stock: [INSAS]: INSAS BHD

Apr 8, 2019 2:34 PM | Report Abuse

insas is the most undrv stock in Bursa as i ALWASYS SAY at the begibing

if can add moredividend insas normally can play around 2 ringgit
value is too big

Posted by danny123 > 2019-04-10 15:35 | Report Abuse

What limit up, talk ccccccccccccccccccccccccccccccccccccccccc

Posted by lawk > 2019-04-10 17:08 | Report Abuse

in wb in 7c, thinking how far it can go and should i sell ard 30% profit?

Posted by lawk > 2019-04-10 17:19 | Report Abuse

i keep finding any supporting news but seem nothing. would it be 5G go live in korea and us and inari start getting new business?

Posted by Kctai3007 > 2019-04-10 20:30 | Report Abuse

Testing

Posted by Kctai3007 > 2019-04-10 20:31 | Report Abuse

Testing

Posted by nkk53 > 2019-04-16 11:36 | Report Abuse

Consider Insas now

Posted by char1234 > 2019-04-16 12:11 | Report Abuse

down a bit more ...sharks still there ?

Posted by LuckyG > 2019-04-24 15:45 | Report Abuse

bought

Posted by 3iii > 2019-04-24 19:40 |

Post removed.Why?

Posted by (2.6m shares buyback April ) Philip > 2019-05-02 20:54 | Report Abuse

I am worried. I think something bad might have happened to him. I hope he is doing ok,

Posted by qqq3 > 2019-05-02 22:50 | Report Abuse

raider disappear before when Hengyuan collapsed.... takes time for pain to go away

Posted by 3iii > 2019-05-08 08:42 |

Post removed.Why?

Posted by Sslee > 2019-05-08 09:05 | Report Abuse

Dear 3iii,
Thank you for your concern on stockraider. Nothing much we can do except to offer our silent prayer that he is safe and sound. We do argue often because of our different in investment philosophy but that did not stop us from become friend and care for each other.

Thank you

Posted by lawk > 2019-05-15 14:21 | Report Abuse

qr coming soon.. first qr under new CEO. qr would be good righhhhttt? XD XD

Posted by ivan9511 > 2019-05-15 14:28 | Report Abuse

insas must buy

fair value should be 2 ringgit \
now only 75sen
big sale on Hari Raya
3ringgit in the furure

Posted by Aiaiai > 2019-05-17 01:06 | Report Abuse

/html/share/template2.html?live_id=1529712Y14553PqRe

Posted by 4444 > 2019-05-22 05:28 | Report Abuse

Bad counter also praised. Your cost >RM 1?

Posted by Satu > 2019-05-22 20:34 | Report Abuse

Malaysia

☺☻☻☻☺☺☺☺☺☻☺☺☺☺☺☻☻☺☺☻☺☺☺☻☺☺☻☻☻☻☻☺☺☺☻☺☺☻☺☺☻☻☺☺☻☺☺☺☻☺☺
☺☺☻☺☺☺☺☺☺☻☺☺☺☺☻☺☺☻☺☻☺☺☺☻☺☺☻☺☺☺☺☺☺☺☻☺☺☻☺☻☺☺☻☺☻☺☺☺☻☺☺
☺☺☻☺☺☺☺☺☺☻☺☺☺☺☻☺☺☻☺☺☻☺☺☻☺☺☻☻☻☻☺☺☺☺☺☻☺☻☺☻☺☺☻☺☻☺☺☺☻☺☺
☺☺☻☺☺☺☺☺☺☻☺☺☺☺☻☺☺☻☺☺☺☻☺☻☺☺☻☺☺☺☺☺☺☺☺☺☻☺☺☻☺☺☻☺☻☺☺☺☻☺☺
☺☻☻☻☺☺☺☺☺☻☻☻☻☺☺☻☻☺☺☺☺☺☻☺☺☺☻☻☻☻☻☺☺☺☺☺☻☺☺☺☻☻☺☺☺☻☻☻☺☺☺

Posted by TheContrarian > 2019-05-22 21:14 | Report Abuse

Wow

Posted by Moneyking543 > 2019-05-22 21:21 | Report Abuse

Apa itu?

Posted by Honeymustard > 2019-05-23 09:05 | Report Abuse

why wow contrarian?

Posted by TheContrarian > 2019-05-23 10:52 | Report Abuse

Satu's emojis.

Posted by danny123 > 2019-05-23 15:08 | Report Abuse

SOMETHING WRONG, HARI HARI CANTEK

BETTER DONE SAY ANYTHING

Posted by danny123 > 2019-05-23 15:09 | Report Abuse

OTAK DI MANA???

Posted by 3iii > 2019-05-23 16:35 | Report Abuse

Insas today is below 70 sen.

Poor raider. Is he still in this market?

Posted by ivan9511 > 2019-05-23 16:36 | Report Abuse

Insas still got last ch to get a very super good qr
If qr bad like Pos
the you all know la
60sen 50sen like Media and Parkson kaki

Posted by TheContrarian > 2019-05-23 20:40 | Report Abuse

Bought at 70 sen today.

Posted by lawk > 2019-05-23 20:50 | Report Abuse

dividend 2c , walao... gooooood

Posted by lizi > 2019-05-23 21:07 | Report Abuse

preference share dividend lah wei...dreaming ah u.....this insas con stock one......change a bit fair value asset earning fluctuate like hell.....lol

Posted by lawk > 2019-05-23 21:40 | Report Abuse

fair value gain on derivative financial instrument, what is this about?

Posted by sell > 2019-05-23 21:47 | Report Abuse

31st Mar stock market good now incl Inari is bad. Cheating QR when sales drop a lot is bad sign.

Posted by (US/CHN trade war doesn't matter) Philip > 2019-05-23 21:49 | Report Abuse

Sslee, care to share your and analysis on whether this is a good or bad QR?

Posted by sell > 2019-05-23 21:56 | Report Abuse

lizi is right.

Posted by lizi > May 23, 2019 9:07 PM | Report Abuse
preference share dividend lah wei...dreaming ah u.....this insas con stock one......change a bit fair value asset earning fluctuate like hell.....lol

Posted by sell > 2019-05-23 21:58 | Report Abuse

Con newbies haha.

Posted by Honeymustard > May 23, 2019 9:05 AM | Report Abuse
why wow contrarian?

Posted by lawk > 2019-05-23 22:52 | Report Abuse

fair value ard 3.9m which is ard 10% from total revenue and not the main reason that push up 260% profitcompare last year.. i think we should understand the exact reason that how the net profit getting higher from lower revenue instead of blame the qr con ppl. preference dividend is better than 0 dividend right? at least this qr and dividend give me some confidence to the stock.

Posted by lawk > 2019-05-23 22:53 | Report Abuse

i still dont know whatis this fair value about?

Posted by lawk > 2019-05-24 09:30 | Report Abuse

3.59m*

Posted by Sslee > 2019-05-24 18:06 | Report Abuse

Dear Philip,
INSAS is a deep value stock, not the typical growth stock where needed yearly significant capital expenditures (From internal generated cash or bank borrowing) to fuel the revenue and profit growth.

INSAS is cash rich, capital expenditure light and most of their profit is from M&A securities, INSAS Credit and Leasing, share of profit less loss of associate companies and other income/expenses: Gain/loss from sale of associate companies share, Dividend received +fair value gain/loss for quoted securities holding, trading gain/loss of quoted security & financial derivative, realized/unrealized foreign exchange gain/loss (Note: INSAS has fixed deposit in Australia Bank of Malaysia equivalent RM 169.522,000 in Australia dollar )
The revenue of INSAS only from the wholly own or subsidiary companies namely:
1. M&A Securities Sdn Bhd: Effective equity 100%
2. Insas credit & Leasing Sdn Bhd: Effective equity 100%
3. Insas Pacific Rent-A-Car Sdn Bhd: Effective equity 79.5%
4. Roset Limousine Services PTE.ltd: Effective equity 79.5%
5. Tribecar Pte.LTD: Effeciive equity 63.2%
6. Investment holding and trading in quoted security, currency, derivative, property, service, wine, IT, telecommunication products and etc
Please refer INSAS 2018 Financial report page 147-150 for the list.
Share of profit less loss of associate companies are mainly from.
Listed companies:
1. Inari effective equity holding 19.1%
2. Ho Hup effective equity holding 12.2%
3. DGSB effective equity holding: 25.48%
Unlisted companies:
1. Melium Holding (Diffusin fashions, Lifestyle, Dome café) effective equity holding 43.3%
2. Winfields Deveopment Sdn Bhd effective equity holding 40%
3. Others : Mostly cash burning Fintech, Biotech and etc companies

Looking into Q3 INSAS report: P/L statement:
Revenue from fully owned and subsidiary companies: RM 37,121,000
Cost of sales: RM 16,443,000 which include depreciation of RM 6,258,000 (mainly motor vehicle from car rental business).
Gross Profit: RM 20,678,000.
Administration expense: (RM 6,803,000)
Gross profit after admin: RM 13,875,000
Other income: RM 11,969,000 which include derivative fair value gain, gain from disposal (PPE: mainly used car), interest income and etc
Other operating expenses (RM 2,211,000) which include gain/loss fair value change financial asset and gain/loss currency exchange different and etc
Share of profits less losses of associated companies RM 13,333,000

If you looked into cash flow 9 month period end 31th March 2019
Operating profit before working capital change: RM 41,424,000
Dividend received: RM 35,056,000.

Segment information:
The retail trading and car rental (after depreciation charge) make profit for financial period RM 2,224,000.

Note: Balance sheet: Associate companies RM 428,986,000
Refer Note A5:
Q3 2019: Q3 2018: Cumulative quarter 2019: Cumulative quarter 2018
Fair value gain/(loss) on derivative financial instruments 3,599 (3,662) 10,927 (425)
Gain on disposal of available for sale investment - 8,962 - 8,962
Gain on disposal of shares in an associate company - 12,350 24,398 36,112
Gain on disposal of an investment property - - 572 -
Gain/(Loss) on fair value changes of financial assets at fair value through profit or loss 10,441 (12,446) (12,759) (9,050)
(Loss)/Gain on exchange differences - realised (446) 278 (263) (398)
- unrealised (1,184) (12,675) (7,098) (19,845)

During Q3 2019, Dato Sri Thong did not sold any Inari share to report Gain on disposal of shares in an associate company but cumulative quarter end 31th March 2019 the gain is RM 24,398,000.

Dato Sri Thong still has about 600 million of Inari to sell, if he wishes to report more profit at anytime he choose.

Current assets
Property development costs RM 10,497,000
Inventories RM 12,513,000
Trade receivables RM 431,898,000 (Include outstanding loan of INSAS Credit and leasing lending activities)
Amount due from associate companies RM 94,468,000
Other receivables, deposits and prepayments RM 63,688,000
Financial assets at amortised cost RM 2,292,000
Financial assets at fair value through profit or loss RM 245,640,000
Tax recoverable RM 2,608,000
Deposits with licensed banks and financial institutions RM 553,678,000
Cash and bank balances RM 114,632,000
Total current assets RM 1,531,914,000

Total non-current liabilities RM 82,146,000
Total current liabilities RM 550,846,000
TOTAL LIABILITIES RM 632,992,000

So INSAS still has a lot of excess cash waiting for opportunity to invest. In the past INSAS had made bad investment in SYF and Omesti. Perhaps I should write to Dato Wong urging him to engage Mr. Philip as independent analysis/adviser to identify what stocks to invest for INSAS.

Thank you

Posted by Sslee > 2019-05-24 19:32 | Report Abuse

Dear all,
Balance sheet:
The complete Non-current assets as below:
Property, plant and equipment RM 157,249,000
Investment properties RM 185,059,000
Financial assets at fair value through other comprehensive income RM 22,159,000
Financial assets at amortised cost RM 3,077,000
Jointly controlled entity RM 22,000
Associate companies RM 428,986,000
Intangible assets RM 26,058,000 (M&A securities broking license)
Deferred tax assets RM 2,822,000
Total non-current assets RM 825,432,000

Thank you

Posted by stockraider > 2019-05-24 20:05 | Report Abuse

Posted by stockraider > May 24, 2019 8:01 PM | Report Abuse X

Insas result is consider very good this quarter mah....!!



Posted by stockraider > May 24, 2019 8:01 PM | Report Abuse X

This means insas is a wonderful company loh....!!

Posted by 3iii > 2019-05-24 20:09 |

Post removed.Why?

Posted by stockraider > 2019-05-24 20:13 | Report Abuse

SSLEE COMMENT

Perhaps I should write to Dato Wong urging him to engage Mr. Philip as independent analysis/adviser to identify what stocks to invest for INSAS.


Posted by stockraider > May 24, 2019 8:10 PM | Report Abuse X

Why waste time with overvalue Philip investment leh ???

His investment in QL at Rm 6.70 this year not great loh...!!


JUST DO THE EASY THING LOH...!!

Just go and buy back insas share, sure make monies mah...!!

Posted by stockraider > 2019-05-24 20:19 | Report Abuse

UNDERSTAND THE BUSINESS MODEL OF INSAS MAH....!!

IF YOUR BUSINESS IS MAINLY INVESTMENT, ARE U WORRIED THE REVENUE HAS FALLEN BUT THE GROUP PROFIT HAS GONE UP ALOT LEH ??

PROFIT HAS FOR THE LATEST QTR MARCH GONE UP TO RM 28.5M V RM 8.7M IN DEC 2018 QTR WOH....!!

Posted by 3iii > May 24, 2019 8:09 PM | Report Abuse

>>>>

Posted by stockraider > May 24, 2019 8:05 PM | Report Abuse

Posted by stockraider > May 24, 2019 8:01 PM | Report Abuse X

Insas result is consider very good this quarter mah....!!



Posted by stockraider > May 24, 2019 8:01 PM | Report Abuse X

This means insas is a wonderful company loh....!!


>>>>


Insas

Core businesses are gruesome and as an aggregate, not profitable.

Inari's revenue has fallen 30%.

Posted by qqq3 > 2019-05-24 21:21 | Report Abuse

Insas got business model.......Insas is just Insas............

Posted by stockraider > 2019-05-24 21:27 | Report Abuse

Insas business model is just like Berkshire Hathway mah....!!


Posted by qqq3 > May 24, 2019 9:21 PM | Report Abuse

Insas got business model.......Insas is just Insas............