Posted by (US/CHN trade war doesn't matter) Philip > 2019-06-06 18:03 | Report Abuse

Sorry... I just had to share this. I showed this statement to my wife she guffawed so hard she almost fell over, now demand me renew her Thai oddesey package.

Paying less tax means the company also is declaring let profit and revenue.

As tax is calculated at 24% average, it should be the other way around, the more tax INSAS pays the better, as that would mean it's INVESTMENTs and subsidiaries and customer base is growing more and more each year.

If one day INSAS no longer pays any taxes and instead declare losses every quarter, this would be bad for stockraider.

Then again, office boy is always full of hope, especially rm3 in 3 years 3 months for sapura.

>>>>>>>>>>>>>>


stockraider Why Raider says Philip not smart loh...!!

Insas pays less tax u should be cheering instead of worrying loh..!!

Insas pays less tax bcos Rm 23m of its profits already pays tax or profit exempt from tax mah....!!

Posted by (US/CHN trade war doesn't matter) Philip > 2019-06-06 18:15 | Report Abuse

Hi sslee can I confirm this?

Proceeds from disposal of shares in an associate company RM 28,300,000
Dividend received RM 35,056,000

Dividend handed out to shareholders
Rm 13,245,000.00

Dividend handed out to preference shareholders
Rm 13,245,000.00

? Cumulative for Q3?

Thank you

Posted by geary > 2019-06-06 20:25 | Report Abuse

Well...Time is a friend of the wonderful business but an enemy of the mediocre...Wake up call could be too late...!!!...Investing in a mediocre business at a wonderful price...!!!

Posted by freddiehero > 2019-06-06 20:54 | Report Abuse

fly liao fly liao...

Posted by Sslee > 2019-06-06 21:18 | Report Abuse

Dear Philip
Period ended 31th March 2019 (Cumulative 9 months)
Profit and loss statement
Profit before tax 70,101,000
Tax expense (5,909,000)
Profit for the quarter/period 64,192,000

Note: Share of profits less losses of associate companies 34,215,000 (I think this profit already tax at associate level)
Gain on disposal of shares in an associate company 24,398,000 (I do not know this is taxable or not?)

Cash flows from operating activities
Interest paid (16,917,000) include RPS (132,601,268) interest 4% per year (Expired FEB 2020)
Interest received 13,859,000
Cash flows from investing activities
Proceeds from disposal of shares in an associate company 28,300,000
Dividend received 35,056,000 (Majority from Inari the rest from others associate and financial asset at fair value gain/loss (Quoted share))
Cash flows from financing activities
Cash dividends paid to owners of the Company (13,260,000) 2 cents interim dividend paid on 10th Jan 2019.

Note: Gain on disposal of shares in an associate company 24,398,000 when Proceeds from disposal of shares in an associate company 28,300,000

Thank you

Posted by Sslee > 2019-06-06 22:46 | Report Abuse

Dear philip,
Recheck Insas 2018 annual financial report. Confirm share of profit of associate companies, gain on disposal of associte company and quoted share, fair value gain and dividend received from financial asset at fair value are incomes not subject to tax.

Thank you

Posted by stockraider > 2019-06-06 23:26 | Report Abuse

Raider is surprise and amuse that Philip's wife being a Public Bank Manager for her lack of understanding on corporate finance and financial aspect of Insas loh...!!

But my Investment banker friend advice me...that usually a Public Bank Manager, normally do not have the corporate finance & deep accounting and finance understanding... & usually their understanding is shallow as they are not specialist mah...!!

Put it this way loh...Insas is also investment holding co, if they invest long term like the case of Inari.. when they dispose, the capital gain they make is not subject to income tax....therefore Insas tax is low loh...!!

Don't tell me...that Philip want to be tax on its Yinson, QL, Pbank, Pchem & Topglove capital gain when dispose and pay more income tax loh ??. The PH govt will welcome Philip & family with open arm loh..!!

Raider is really amuse of Philip's wife's naivety and Philip lack of business acumen to the extent revealing his wife lack of basic understanding of business to the public loh...!!

Posted by (US/CHN trade war doesn't matter) Philip > Jun 6, 2019 6:03 PM | Report Abuse

Sorry... I just had to share this. I showed this statement to my wife she guffawed so hard she almost fell over, now demand me renew her Thai oddesey package.

Paying less tax means the company also is declaring let profit and revenue.

As tax is calculated at 24% average, it should be the other way around, the more tax INSAS pays the better, as that would mean it's INVESTMENTs and subsidiaries and customer base is growing more and more each year.

If one day INSAS no longer pays any taxes and instead declare losses every quarter, this would be bad for stockraider.

Then again, office boy is always full of hope, especially rm3 in 3 years 3 months for sapura.

>>>>>>>>>>>>>>


stockraider Why Raider says Philip not smart loh...!!

Insas pays less tax u should be cheering instead of worrying loh..!!

Insas pays less tax bcos Rm 23m of its profits already pays tax or profit exempt from tax mah....!!

Posted by stockraider > 2019-06-06 23:37 | Report Abuse

Dear SSlee,

From the info u provided here, Thong & family should hold 39.49% {25.05 + 11.19 + 3.28%} interest on Insas & not 32.96% loh...!!

If that is the case, GO will be triggered when its holding hit above 50% loh..!!

Thong still have about 10% capacity to play with now loh....!!

Thank U

Posted by Sslee > Jun 6, 2019 12:35 PM | Report Abuse

Dear stockraider,
Dato' Sri Thong deemed intetest 25.05%
His brother Dato Thong deemed interest 11.19%.
With Bahtihan sdn bhd 3.28% family trust.
This mean Dato' Sri Thong and PAC hold 25.05+ 11.19- 3.28= 32.96%.

Thank you

Posted by Sslee > 2019-06-06 23:53 | Report Abuse

Dear stockraider,
Refer page 178 Insas 2018 annual financial report. Baktihan Sdn Bhd is classified as deemed interest of Dato' Sri Thong Kok Khee 25.05 % and Dato' Thong Kok Yoon 11.19 %. Hence this mean Baktihan Sdn Bhd 3.28% is double count into Dato' Sri Thong and Dato Thong deemed interest. So the effective control is 25.05+ 11.19 - 3.28 = 32.96%

Thank you

Posted by stockraider > 2019-06-07 00:26 | Report Abuse

Dear SSlee,

Your pg 177 & 178 refer to preference share that is not covertible to Ordinary Share loh...!! THUS NOT RELEVANT LOH...!!

U should look at pg 171 to 173 loh...!! THIS REFER TO THE ORDINARY SHAREHOLDING MAH....!!

That will give info to the ordinary shareholding of Thong & his related families members loh....!!

Posted by Sslee > Jun 6, 2019 11:53 PM | Report Abuse

Dear stockraider,
Refer page 178 Insas 2018 annual financial report. Baktihan Sdn Bhd is classified as deemed interest of Dato' Sri Thong Kok Khee 25.05 % and Dato' Thong Kok Yoon 11.19 %. Hence this mean Baktihan Sdn Bhd 3.28% is double count into Dato' Sri Thong and Dato Thong deemed interest. So the effective control is 25.05+ 11.19 - 3.28 = 32.96%

Thank you

Posted by Sslee > 2019-06-07 07:29 | Report Abuse

Dear stockraider,
Thanks correction it is page 173 annual report 2018 or page 178 anual report 2017 substantial shareholders.
Tq

Posted by 3iii > 2019-06-07 07:52 | Report Abuse

A deeply undervalued stock can remain undervalued for a long time.

The core businesses of Insas are not profitable and bleeding cash.

Inari is facing challenges in a cyclical downturn today.

Posted by 3iii > 2019-06-07 07:58 | Report Abuse

Over the long term, investment return is more a function of business performance than valuation, unless the valuation goes extreme.

More effort should be put into identifying good businesses and buying them at reasonable valuations.

Investors should not be obsessed with the valuation calculations. All calculations involve assumptions. They are valid only if the underlying businesses perform as expected.

Posted by Sslee > 2019-06-07 08:35 | Report Abuse

Dear Stockraider,
Philip is right when he pointed out “the more tax INSAS pays the better” because more tax pay mean INSAS now have more taxable profit or it mean wholly own or subsidiary companies are making more taxable profit.
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: Effective equity 63.2%

Refer page 132: 2018 annual financial report TAX EXPENSE (CONT’D)
Profit before tax: 100,873,000
Income tax at the Malaysian statutory tax rate of 24%: 24,210,000
Non-allowable expenses: 9,854,000
Income not subject to tax: (22,759,000)
Deferred Real Property Gains Tax on fair value adjustment of investment properties: 40,000
Effect of different tax rates in other countries: (379,000)
Overseas tax paid on dividend income: 487,000
Utilisation of previously unrecognized deferred tax assets: (998,000)
Deferred taxation not recognised in the financial statements: 98,000
Tax expenses for current financial year 10,553,000

Thank you

Dear 3iii,
Your advise noted with thanks. Currently I am holding dividend stock, undervalued stocks, growth stocks and trading stocks.
TQ

Posted by stockraider > 2019-06-07 11:25 | Report Abuse

Who don't know to make more monies u pay more tax concept where it benefit the whole nation leh ??

But if u make more money on your capital gain on your longterm investment, in msia is exempt from income tax mah...!!

Do u think Philip is willing to pay more tax on its profit on its share disposal leh ??

Thus Philip and wife are wrong to belittle on Insas not paying more tax mah.....!! Especially on profit on disposal of inari share loh..!!

Posted by Sslee > Jun 7, 2019 8:35 AM | Report Abuse

Dear Stockraider,
Philip is right when he pointed out “the more tax INSAS pays the better” because more tax pay mean INSAS now have more taxable profit or it mean wholly own or subsidiary companies are making more taxable profit.
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: Effective equity 63.2%

Refer page 132: 2018 annual financial report TAX EXPENSE (CONT’D)
Profit before tax: 100,873,000
Income tax at the Malaysian statutory tax rate of 24%: 24,210,000
Non-allowable expenses: 9,854,000
Income not subject to tax: (22,759,000)
Deferred Real Property Gains Tax on fair value adjustment of investment properties: 40,000
Effect of different tax rates in other countries: (379,000)
Overseas tax paid on dividend income: 487,000
Utilisation of previously unrecognized deferred tax assets: (998,000)
Deferred taxation not recognised in the financial statements: 98,000
Tax expenses for current financial year 10,553,000

Thank you

Dear 3iii,
Your advise noted with thanks. Currently I am holding dividend stock, undervalued stocks, growth stocks and trading stocks.
TQ

Posted by stockraider > 2019-06-07 11:33 | Report Abuse

Don forget Insas is like Berkshire alot of monies are make on its long term share investment mah....!!

Even Warren Buffet refuse to pay more tax on its share investment, by withholding share disposal as it will attract gain tax mah...!!

Insas is better, bcos in Msia , there is no tax on capital gain on long term listed share investment loh...!!

Thus insas benefit on this loh...!!

Posted by witchslayer > 2019-06-09 11:01 |

Post removed.Why?

Posted by ivan9511 > 2019-06-11 18:01 | Report Abuse

I still same , Insas is the most underv in Bursa
lucky top up a lot below 70sen now i WAIT 2 RINGGIT for insa should trade at 2 ringgit base on rich golden diamand inside this company


ivan9511 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
08/04/2019 2:34 PM
X
ivan9511 good insas finally limit uppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppp

Posted by yoyo > 2019-06-22 11:40 | Report Abuse

想得我肠儿寸断，望得我眼儿欲穿；
好容易望到了你上来，算算已三年。
想不到才上来，转眼又掉下去，
这一回你去了几时来，难道又三年。

Posted by chanky50 > 2019-06-24 09:07 | Report Abuse

Coming? After 5 minutes at 9.05 volume 139,300 shares traded up 1.5 sens to 0.735

Posted by volks2 > 2019-06-24 09:32 | Report Abuse

now 0.745 something big is coming to this counter.

Posted by chanky50 > 2019-06-24 09:35 | Report Abuse

0.75 also done. Hope can give Inari share as bonus dividend

Posted by lawk > 2019-06-24 09:42 | Report Abuse

@chanky50, agreed with you. hoooraayyyy.

Posted by ivan9511 > 2019-06-27 18:29 | Report Abuse

As I said. Insas is the most undervalued company in bursa.
Second is Osk and affin .
When 65sen I said sapu all in
Comfirm 100% can up just maybe dividend too less.
If the boss is willing to top up.divi Insas normally is play at 2 ringgit.
Money and assets is best of the best inside Insas.
Just buy and keep will earn billions money one

Posted by stockraider > 2019-06-29 11:13 | Report Abuse

Remember this loh....!!

If u cannot afford to buy a piece of property, do not despair loh....!!
Raider advice u to continue to stay with your parent or continue renting mah...!!
Save up by investing in undervalue Insas, it is a natural hedge against inflation and appreciation and property price loh....!!

Investing in insas will help u to own your property much faster than savings your monies in the bank loh....!!

Just invest in insas every month....and accumulate your wealth steadily loh....right now is the best opportunity loh....!!

Posted by witchslayer > 2019-06-30 22:13 |

Post removed.Why?

Posted by stockraider > 2019-07-01 14:02 | Report Abuse

Insas is the best quality margin of safety investment u can find today loh....!!

Do not missed the opportunity to collect some mah....!!

Catch it when it at low price loh....!!

Posted by ivan9511 > 2019-07-01 16:35 | Report Abuse

Yes yes yes
Exactly ad I said
Yes
Congratulations indas loyal

ivan9511 I still same , Insas is the most underv in Bursa
lucky top up a lot below 70sen now i WAIT 2 RINGGIT for insa should trade at 2 ringgit base on rich golden diamand inside this company


ivan9511 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
08/04/2019 2:34 PM
X
ivan9511 good insas finally limit uppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppp

Posted by stockraider > 2019-07-01 22:23 |

Post removed.Why?

Posted by SaraInvestment > 2019-07-02 11:27 | Report Abuse

https://www.theedgemarkets.com/article/newsbreak-insas-controlling-shareholders-may-seek-waiver

Posted by SaraInvestment > 2019-07-02 11:37 | Report Abuse

THE controlling shareholders of Insas Bhd, Datuk Seri Thong Kok Khee and his brother Datuk Thong Kok Yun, are said to be mulling seeking a waiver from making a general offer for the company if they decide to convert the company’s warrants in February next year.

The “if” comes about as the warrants issued in end-February 2015 are out of the money, trading at 3.5 sen, while the strike price to convert the warrant to a share when it expires on Feb 25 next year is RM1.

Insas’ mother share, however, closed last Friday at 72 sen, a 28% discount from the warrant’s strike price, which makes it more meaningful to buy direct into the mother share as opposed to buying the warrant and converting it.

“I do not think any of the warrant holders will convert,” one warrant holder says.

Insas’ October 2014 circular to shareholders says that should Kok Khee and any of his related parties, “exercise their warrants such that their shareholdings in Insas increase to more than 33%, whether on an individual basis, Datuk Thong Kok Khee and/or any of his related parties is obliged … to undertake a mandatory offer for all the remaining Insas shares not already held by them after the exercise of the warrants”.

Kok Khee has a 25.05% stake in Insas and his brother Kok Yun controls 11.19%. Another 18.77% is held by M&A Investments International Ltd, which, according to Insas’ 2018 annual report, is linked to Kok Khee. This would mean that the brothers have about 55% equity interest in Insas at present. Meanwhile, Kok Khee has 31.45%, or 83.41 million, of the warrants while Kok Yun has 31.74 million, or 11.97%.

If Kok Khee and Kok Yun pay RM115.15 million to convert their warrants and, assuming that none of the warrant holders convert, they would control 61.66% of Insas.

To put things in perspective, over the last 10 years, Insas has traded above RM1 for only a few months in 2014 and a brief period in 2017.

Insas’ warrants came about in July 2014, when it issued 138.7 million preference shares at an issue price of RM1 a preference share, on a basis of one preference share and two warrants for five shares held. In a nutshell, Insas was looking to raise RM138.7 million, largely for M&A Securities.

Checks on Bloomberg reveal that there are 265.2 million warrants still trading and 132.6 million preference shares have yet to be redeemed. But it is not that Insas needs the warrants to be converted to raise funds to redeem the preference shares.

For its nine months ended March this year, Insas registered a net profit of RM63.91 million on RM133.96 million in revenue.

While its share price is languishing at 72 sen, the company’s net asset per share as at end-March was RM2.59.

A few months ago, Kok Khee is said to have told a group of friends, “Insas is the most undervalued company on Bursa Malaysia”.

As at end-March this year, Insas was in a net cash position and had deposits with licensed banks and financial institutions amounting to RM553.68 million and cash and bank balances of RM114.63 million. On the other side of the balance sheet, Insas had short-term debt commitments of RM309.83 million and long-term borrowings of RM20.48 million.

Considering Insas’ share base is 663.01 million shares, this means that Insas has net cash of 54 sen per share.

It is also interesting to note that Insas is diversified, having stakes in stockbroking company M&A Securities Sdn Bhd, property development held under Insas Properties Sdn Bhd, car rentals under Insas Pacific Rent-A-Car Sdn Bhd, 43% in the fashion retailer Melium group and Dome Café in its stable of companies. Also under Insas is moneylending and project financing outfit Insas Credit & Leasing Sdn Bhd, just to name a few of its businesses.

Its shareholdings in listed companies include 19.1% in semiconductor manufacturer Inari Amertron Bhd. Inari at its close of RM1.59 last Friday had a market capitalisation of RM5.05 billion. Thus, Insas’ stake in Inari is worth RM964.55 million, which is more than double Insas’ market capitalisation of RM477.4 million as at last Friday’s close.

Other companies Insas has stakes in include 10.18% in software outfit Omesti Bhd, which closed at 40.5 sen last Friday for a market capitalisation of RM193.7 million, 7.98% in furniture company SYF Resources Bhd — which ended trading last Friday at 20 sen, translating into a market value of RM119.1 million — and 25.48% in computer software and hardware consulting company Diversified Gateway Solutions Bhd, which finished Friday at eight sen, valuing it at RM59.7 million.

Omesti, meanwhile, has a 5.65% stake, or 42.14 million shares, in Diversified Gateway Solutions, 61.53% in software company Microlink Solutions Bhd and 13.29% in construction player Ho Hup Construction Co Bhd.

Posted by stockraider > 2019-07-02 11:42 |

Post removed.Why?

Posted by TheContrarian > 2019-07-02 15:26 | Report Abuse

Insas cantek.

Posted by leno > 2019-07-02 15:47 | Report Abuse

RM 2 RINGGIT !! RM 2 RINGGIT !! CIPET BELI AAAAAAAAAAAAAAAAAAAAAAAAA !!! INSAS CANTEEEEEEEEEEEEEEEEEEEEEEEEEKKKKKKKK !!

Posted by ivan9511 > 2019-07-02 15:51 | Report Abuse

i
This is y I said 65sen sapu borrow money sell house sell car I also all in Insas

Thismis Easy money 10000% up one
inside Aseet money is billions billions cannot finish

Easy money better than Bjland or Bjc ,
Insas is the best in Malaysia

upppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppp


van9511 As I said. Insas is the most undervalued company in bursa.
Second is Osk and affin .
When 65sen I said sapu all in
Comfirm 100% can up just maybe dividend too less.
If the boss is willing to top up.divi Insas normally is play at 2 ringgit.
Money and assets is best of the best inside Insas.
Just buy and keep will earn billions money one
27/06/2019 6:29 PM

van9511 Yes yes yes
Exactly ad I said
Yes
Congratulations indas loyal

ivan9511 I still same , Insas is the most underv in Bursa
lucky top up a lot below 70sen now i WAIT 2 RINGGIT for insa should trade at 2 ringgit base on rich golden diamand inside this company


ivan9511 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
08/04/2019 2:34 PM
X
ivan9511 good insas finally limit upppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppp

Posted by ivan9511 > 2019-07-02 15:59 | Report Abuse

Currently Ivan earn a lot from TM . Bursa . Pos and Aeon

Insas still hold
Next I will sapu Affin , Ambank , Osk , KESM ,Gtronic, Inari , Harta
why because those still cheap

TM , POS and Aeon Ivan9511 alreay take profit becuse earn too much already

Posted by Fabien "The Efficient Capital Allocater" > 2019-07-02 16:05 | Report Abuse

For assets play, Insas, Oriental, OSK, TA, Affin all selling dirt cheap. Take your pick.

Posted by stockraider > 2019-07-02 16:21 |

Post removed.Why?

Posted by Fabien "The Efficient Capital Allocater" > 2019-07-02 16:43 | Report Abuse

It's ok. I have plenty of patience.

The rest, apart from insas, pays good dividend yield, while i'm waiting for market re-rating. i get paid while waiting.



Posted by stockraider > Jul 2, 2019 4:21 PM | Report Abuse

The key is catalyst....the missing in gradient of your pick loh...!!

Posted by Fabien "The Efficient Capital Allocater" > Jul 2, 2019 4:05 PM | Report Abuse

For assets play, Insas, Oriental, OSK, TA, Affin all selling dirt cheap. Take your pick.

Posted by pasanglang > 2019-07-02 16:55 | Report Abuse

https://www.theedgemarkets.com/article/newsbreak-insas-controlling-shareholders-may-seek-waiver

Posted by pasanglang > 2019-07-02 16:57 | Report Abuse

https://www.theedgemarkets.com/article/thong-brothers-hold-big-chunk-insas-warrants-will-they-convert-them-raise-their-stake

Posted by Angel of KLSE 大马股仙 > 2019-07-02 17:25 | Report Abuse

Everybody faster buy and vote against waiver!!!

Posted by Fabien "The Efficient Capital Allocater" > 2019-07-02 17:28 | Report Abuse

Unbelievably undervalued.

Posted by Fabien "The Efficient Capital Allocater" > 2019-07-02 17:29 | Report Abuse

you don't even need to do a proper Sum Of Parts on Insas. It's stake in Inari alone already worth double of Insas market cap.

Posted by stockraider > 2019-07-02 17:36 |

Post removed.Why?

Posted by Sslee > 2019-07-02 17:59 | Report Abuse

Dear all,
Refer INSAS 2018 annual report:
As at 27 September 2018
SUBSTANTIAL SHAREHOLDERS
Name of substantial shareholders No. of ordinary shares %
1. Dato’ Sri Thong Kok Khee * 166,064,962 25.05%
2. M & A Investments International Limited 124,420,289 18.77%
3. Dato’ Thong Kok Yoon ** 74,203,648 11.19%
* Direct and deemed interest by virtue of his family members’ interest and his substantial interest in M & A Investments International Limited, Immobillaire Holdings Sdn Bhd, Baktihan Sdn Bhd, Winfields Development Sdn Bhd and Montprimo Sdn Bhd.
** Direct and deemed interest by virtue of his spouse’s interest and his substantial interest in Titan Express Sdn Bhd, Perak Traders Holdings Sdn Bhd and Baktihan Sdn Bhd.

The above statement mean:
1. Dato’ Sri Thong Kok Khee direct interest + deemed interest (M & A Investments International Limited + Immobillaire Holdings Sdn Bhd, + Baktihan Sdn Bhd + Winfields Development Sdn Bhd + Montprimo Sdn Bhd) = 25.05%
2. Dato’ Thong Kok Yoon direct interest + deemed interest (Titan Express Sdn Bhd + Perak Traders Holdings Sdn Bhd + Baktihan Sdn Bhd)= 11.19%

Baktihan Sdn Bhd: 21,746,400 3.28% (Count as deemed interest of Dato’ Sri Thong Kok Khee and his brother Dato’ Thong Kok Yoon)

Thus the combine Dato’ Sri Thong Kok Khee direct interest + .Dato’ Thong Kok Yoon direct interest and their deemed interest is 25.05 +11.19 - 3.28 = 32.96% 0.04% short of 33% threshold for conditional mandatory general offer.

Thank you

Posted by stockraider > 2019-07-02 19:06 | Report Abuse

Insas breakout above rm 0.80....this is very strong indicator loh...!!
The trend is up up & up loh.....!!

Posted by stockraider > 2019-07-02 19:40 | Report Abuse

INSAS A VERY GOOD MARGIN OF SAFETY INVESTMENT; THERE IS A GOOD OPPORTUNITY TO MAKE A BIG KILLING WITH VIRTUALLY VERY LOW RISK, BCOS THERE IS HUGE MARGIN OF SAFETY AND INSAS HAS TECHNICALLY BREAKOUT TO SHOW VERY BULLISH SIGN LOH....!!

BUY BUY BUY B4 TOO LATE LOH....!!

IT WILL RUNUP VERY SOON MAH...!!

For its nine months ended March this year, Insas registered a net profit of RM63.91 million on RM133.96 million in revenue.

While its share price is languishing at 72 sen, the company’s net asset per share as at end-March was RM2.59.

A few months ago, Kok Khee is said to have told a group of friends, “Insas is the most undervalued company on Bursa Malaysia”.

As at end-March this year, Insas was in a net cash position and had deposits with licensed banks and financial institutions amounting to RM553.68 million and cash and bank balances of RM114.63 million. On the other side of the balance sheet, Insas had short-term debt commitments of RM309.83 million and long-term borrowings of RM20.48 million.

Considering Insas’ share base is 663.01 million shares, this means that Insas has net cash of 54 sen per share.

It is also interesting to note that Insas is diversified, having stakes in stockbroking company M&A Securities Sdn Bhd, property development held under Insas Properties Sdn Bhd, car rentals under Insas Pacific Rent-A-Car Sdn Bhd, 43% in the fashion retailer Melium group and Dome Café in its stable of companies. Also under Insas is moneylending and project financing outfit Insas Credit & Leasing Sdn Bhd, just to name a few of its businesses.

Its shareholdings in listed companies include 19.1% in semiconductor manufacturer Inari Amertron Bhd. Inari at its close of RM1.59 last Friday had a market capitalisation of RM5.05 billion. Thus, Insas’ stake in Inari is worth RM964.55 million, which is more than double Insas’ market capitalisation of RM477.4 million as at last Friday’s close.

Other companies Insas has stakes in include 10.18% in software outfit Omesti Bhd, which closed at 40.5 sen last Friday for a market capitalisation of RM193.7 million, 7.98% in furniture company SYF Resources Bhd — which ended trading last Friday at 20 sen, translating into a market value of RM119.1 million — and 25.48% in computer software and hardware consulting company Diversified Gateway Solutions Bhd, which finished Friday at eight sen, valuing it at RM59.7 million.

Omesti, meanwhile, has a 5.65% stake, or 42.14 million shares, in Diversified Gateway Solutions, 61.53% in software company Microlink Solutions Bhd and 13.29% in construction player Ho Hup Construction Co Bhd.

Posted by Angel of KLSE 大马股仙 > 2019-07-03 09:33 |

Post removed.Why?

Posted by pampers > 2019-07-03 09:42 | Report Abuse

just wondering how high they will push this round...