Dear GooShen, If you want to buy INARI at cheap price then go and buy INSAS. One INSAS share is indirectly holding 0.91 INARI share plus all the other INSAS assets and business
https://klse.i3investor.com/servlets/staticfile/366668.jsp INSAS financial year end 30th June 2019 Net profit for the year: 81.855m (Of which share of profits less losses of associate companies is 44,083,000. Dividend received: 42,999,000) EPS: 12.35 cents Net assets per share: RM2.62 Total current assets 1,489,460,000 TOTAL LIABILITIES 588,890,000 Total non-current assets 846,666,000 of which Associate companies: 437,420,000 One of the associate companies: INARI: 19.19 % (609.212m INARI shares)
To whom holding and buying INARI, I say thank you and may I know what the reasons you buy INARI but not INSAS are? Your reasons will be part of my questions for my next INSAS AGM Q&A session.
Aiyo Tibet Monk ..I declared ada vested interest oredy mah...you didnt read meh...haizz...lagi cakap you jaga reban one...referee cakap will declare if ada vested mah...b4 QR out sudah beli lah...now enjoying the ride lah..QR is within my expectation mah...lol...aiyoyo...kikiki
Dear INARI shareholders, Thank you if you had bought some INSAS, INSAS is a cheaper entry to INARI. INARI is well research, covered by local and international IB. Below is IB report from DBS Singapore.
https://www.dbs.com.sg/treasures/aics/templatedata/article/recentdevel... Despite some possible near-term setbacks, we remain convinced about INRI’s potential on structural demand growth for 5G. We expect the 5G technology to see mass adoption in 2020, which will drive additional RF content in premium smartphones.
Broadcom has also renewed its supply agreement with a US smartphone manufacturer for two more years, providing more certainty on the introduction of 5G and usage of Broadcom RF chips in next-generation smartphone models in 2020. Maintain BUY with RM1.90 target price (TP) pegged to 21x CY20 earnings per share (EPS). The stock offers a decent dividend yield of 3-4% and is backed by a healthy net cash position of RM421m.
https://klse.i3investor.com/blogs/AmInvestResearch/222467.jsp For the P34 (Block B) plant in Batu Kawan, the company has begun assembly of interior facilities. Its key customer has requested Inari to prepare the extra floor space, in anticipation of more RF assembly (system in package) jobs. Inari expects its RF assembly lines to double by June 2020. We believe the new jobs are catered for 5Grelated devices.
https://klse.i3investor.com/servlets/staticfile/366636.jsp While worldwide sales of smartphones will total 1.5 billion units in 2019, a 2.5% decline year over year from Gartner’s report published on 1 August 2019, our RF division has performed better. In the same Gartner report, the smartphone sales is expected to grow 2.8% in 2020, driven by broader availability of 5G models and service packages. We look forward to continued growth in our RF division driven by higher chip complexity in the new phones
Conclusion: When more telecom company roll out 5G coverage, inevitable everyone need to upgrade to 5G smart-phone in order to enjoy many new technology/application that only available in 5G. INARI is on the path to excellent growth again due to 5G.
No brainer to buy hold insas surewin.....huge net cash....nta rm 2.63, Pe 8x and exposure to inari on the basis of 1 insas share equal to 0.7 inari share loh....!!
What more u want leh ??
Finally buying into insas is even better than buying into inari loh...!!
Posted by pang72 > Sep 7, 2019 9:24 AM | Report Abuse
Good news on revised NTA of insas of Rm 2.63 per share loh....!!
The cost of Associate companies Rm 358M The market value is Rm 1.1B The potential market to market gain is Rm 742M. Potential gain per share Rm 1.07
Revised NTA of Insas Rm 2.63 plus Rm 1.07 = Rm 3.70 per share loh...!!
Please note that the above revised value of nta exclude the hidden undervalue of insas unlisted companies property loh.....!! If u include this there are further upside on this figure on rm 3.70 per share loh....!!
Insas is a truly a msian berkshire hathway it has shown growth good time & bad time just that msian don know how to evaluate mah...!!
Just look at the amazing growth track record of value creation of insas for the past 10 yrs
June 2019- Nta Rm 2.62
Dec 2018- Nta Rm 2.54
Dec 2017..Nta rm 2.49
Dec 2016 ...Nta Rm 2.18
Dec 2015..Nta Rm 1.96
Dec 2014..Nta rm 1.82
Dec 2013 nta..rm 1.71
Dec 2012 nta ..rm 1.51
Dec 2011 nta..rm 1.38
Dec 2010 nta...rm 1.22
Dec 2009 nta ..rm 1.14
Now if u look at the above over 10 yrs...insas has been creating value with growth every yr without fail with gain of rm 0.06 to rm 0.30 per yr without failed mah...!!
For the 10 yrs insas equity has grown from rm 1.14 to rm 2.62 per share an amazing rate of return growth exceeding exceeding 12% pa loh...!!
Now u tell me insas is a gruesome co with growth rate of 12% pa growth ?
And u tell me Q2 is a superb growth co with it achieving a compound rate of only 8% pa ??
Something is wrong mah...!!
Insas is a great buy loh....even it is rm 0.835 today loh, bcos the fair value exceed rm 3.70 loh...!! With cash holding of exceeding rm 0.70 u r in fact getting insas for almost free mah...!!
And insas has a compound growth rate of 12% pa over 10 yrs matched & exceed most bluechips co woh ...!!
Insas is a truly msian berkshire hathway stock loh...!!
Just buy loh....!!
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Posted by stockraider > 2019-09-06 13:12 | Report Abuse
correctloh....insas quality buy loh...!!
Posted by Sslee > Sep 6, 2019 1:08 PM | Report Abuse
Dear GooShen,
If you want to buy INARI at cheap price then go and buy INSAS. One INSAS share is indirectly holding 0.91 INARI share plus all the other INSAS assets and business
https://klse.i3investor.com/servlets/staticfile/366668.jsp
INSAS financial year end 30th June 2019
Net profit for the year: 81.855m (Of which share of profits less losses of associate companies is 44,083,000. Dividend received: 42,999,000)
EPS: 12.35 cents
Net assets per share: RM2.62
Total current assets 1,489,460,000
TOTAL LIABILITIES 588,890,000
Total non-current assets 846,666,000 of which Associate companies: 437,420,000
One of the associate companies: INARI: 19.19 % (609.212m INARI shares)
To whom holding and buying INARI, I say thank you and may I know what the reasons you buy INARI but not INSAS are? Your reasons will be part of my questions for my next INSAS AGM Q&A session.
Thank you