Posted by deMusengKing > 2019-09-11 13:01 |

Post removed.Why?

Posted by deMusengKing > 2019-09-11 14:04 |

Post removed.Why?

Posted by freddiehero > 2019-09-11 23:44 | Report Abuse

steay la.. so free ka..

Posted by Sslee > 2019-09-12 09:08 | Report Abuse

Hahahaha
deMusangking, I had done buying for this month wait for next month salary to buy more.

Posted by Sslee > 2019-09-12 10:05 | Report Abuse

Hahahaha
deMusangking thank you. If every month buy most likely by a year time, I will over take stockraider and be in the top 30 largest shareholders of Insas.

Posted by SSLENO > 2019-09-12 11:15 |

Post removed.Why?

Posted by Sslee > 2019-09-12 12:54 | Report Abuse

Hahahaha
dragonslayer, l have no issue with my ID kena mixed up with the mighty LENO. I took it as compliment and hope to see LENO and stockraider in the 30 lagest shareholders list.

Posted by paperone > 2019-09-13 02:12 | Report Abuse

1.1 sen dividen

Posted by Junqi > 2019-09-13 08:00 | Report Abuse

The only way to make money from insas is trading.Those keeping long term would be
Better off in other stocks
I bought Insas in 2015 at 78 cts. After 4 yrs now 81cts

Posted by Sslee > 2019-09-13 09:24 | Report Abuse

Hahahaha
deMusangking, you forgot Dato’ Sri Thong Kok Khee also shouting , “Insas is the most undervalued company on Bursa Malaysia.”

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

Thank you
P/S: It will depend now on Dato' Sri Thong and his friendly parties whether they want to push up the price of INSAS

Posted by (HK1997 again) Philip > 2019-09-13 13:11 | Report Abuse

The one sure and true way for a share price to go up is through the growth and increase of revenue and earnings. If every year earnings and revenue goes up ( after taking into account debt management, tax payments and share dilution), the the share price will go up. Everything else is prone to financial engineering, no matter how lovely.

Posted by (HK1997 again) Philip > 2019-09-13 13:12 | Report Abuse

Hi sslee, just out of curiosity what is the 5 year cash position and deposits of INSAS? Can you advise how much the cash and deposits have grown?

Posted by qqq3 > 2019-09-13 14:53 | Report Abuse

oil and gas and technology flying.......

who are the idiots playing insas?

Posted by Sslee > 2019-09-13 15:13 | Report Abuse

Hahahaha
demusang king, Insas future in very bright because of INARI and cash rich to acquire many more profitable business.

Posted by Sslee > 2019-09-13 15:14 | Report Abuse

Dear Philip,
INSAS past 6 years Balance Sheet:
As at (RM’000)
30/06/2019: 30/06/2018: 30/06/2017: 30/06/2016: 1630/06/2015: 30/06/2014
Total non-current assets: 846,666: 795,054: 740,376: 683,651: 628,062: 545,286
Total current assets: 1,489,460: 1,426,146: 1,464,603: 1,215,951: 1,313,689: 1,061,766
TOTAL ASSETS: 2,336,126: 2,221,200: 2,204,979: 1,899,602: 1,941,751: 1,607,052
TOTAL LIABILITIES: 588,890: 565,234: 643,065: 542,380: 671,458: 404,234
TOTAL EQUITY 1,747,236 1,655,966: 1,561,914: 1,357,222: 1,270,293: 1,202,818

As at 30/06/2019 (* Past 6 year)
ASSETS (Unaudited) RM’000
Non-current assets
Property, plant and equipment*: 161,021; 161,405: 184,946: 161,424: 110,357: 79,824
Investment properties*: 187,658: 198,304: 177,877: 179,644: 171,875: 159,716
Financial assets at fair value through other comprehensive income: 22,971
Financial assets at amortised cost: 3,096
Jointly controlled entity: (33)
Associate companies*: 437,420: 357,628: 301,303: 276,524; 224,848: 141,731
Other receivable: 7,345
Intangible assets: 26,047
Deferred tax assets: 1,141
Total non-current assets: 846,666

Current assets
Property development costs: 10,691
Inventories: 11,956
Trade receivables*: 443,088: 376,481: 404,778: 290,833: 303,622: 341,068
Amount due from associate companies: 89,571
Other receivables, deposits and prepayments: 46,907
Financial assets at amortised cost: 1,510
Financial assets at fair value thro’ P&L: 234,233: 236,562: 330,544: 312,594: 291,080: 288,174
Tax recoverable: 2,445
Deposits with banks& financial inst*: 554,786: 572,703: 461,092: 382,963: 485,006: 319,585
Cash and bank balances*: 94,273: 103,763: 118,258: 75,625: 88,595: 41,238
Total current assets: 1,489,460
TOTAL ASSETS: 2,336,126

Equity attributable to owners of the Company
Share capital: 741,085
Treasury shares: (14,499)
Reserves: 120,193
Retained earnings: 892,605
Non-controlling interests: 7,852
TOTAL EQUITY: 1,747,236

LIABILITIES
Non-current liabilities
Loans and borrowings: 20,280
Hire purchase payables: 53,929
Deferred tax liabilities: 8,789
Total non-current liabilities: 82,998

Current liabilities
Derivative financial liabilities: 1,056
Trade payables: 23,656
Preference shares: 130,106
Other payables and accruals: 39,284
Hire purchase payables: 28,791
Loans and borrowings: 281,654
Tax payable: 1,345
Total current liabilities: 505,892
TOTAL LIABILITIES: 588,890
TOTAL EQUITY AND LIABILITIES: 2,336,126
Thank you

Posted by qqq3 > 2019-09-13 15:32 | Report Abuse

direct is my other name...........

Posted by qqq3 > 2019-09-13 16:00 | Report Abuse

people put money in technology and OG counters sitting on huge profits already, on Insas still at starting point, perhaps for next 5 years, 10 years...................

Posted by Sslee > 2019-09-13 16:00 | Report Abuse

Hahahaha,
qqq3, once upon a time a conman and shameless snake oil salesmen with ID stockmanny hoodwinked many newbie and super-investor ‘Sailang” + margin finance into JAKS and SENDAI. Many got burnt in these two stocks until cry also no tear but stockmanny profited from it again and again.
Wonder how is stockmanny now? Did retribution caught up with him?

Posted by qqq3 > 2019-09-13 16:01 | Report Abuse

y qqq3 > Sep 13, 2019 4:00 PM | Report Abuse X

people put money in technology and OG counters sitting on huge profits already, on Insas still at starting point, perhaps for next 5 years, 10 years...................
========

ss..u don't agree?...just wait at Insas station la...............

Posted by qqq3 > 2019-09-13 16:15 | Report Abuse

problem with your argument, slayer.........


people think Insas gives them huge gains, value investing magic......

but delivers dead cats.........


OG and technology is different....OG and tehnology delivers what has been promised...which is excitement and money..........

Posted by qqq3 > 2019-09-13 16:16 | Report Abuse

problem with your argument, slayer.........


people think Insas gives them huge gains, value investing magic......

but delivers dead cats.........


OG and technology is different....OG and tehnology delivers what has been promised...which is excitement and money..........

ps...I am pivoting from OG to technology...........

Posted by Sslee > 2019-09-13 16:36 | Report Abuse

Hahahaha
qqq3 make it count. Don't waste all your talking with a small position, make it count! “Sailang” + margin finance like Philip in Pchem.

Posted by qqq3 > 2019-09-13 16:47 | Report Abuse

people who sailang and margin on Dayang and Carimin did the right thing this year................Armmada too............

Posted by qqq3 > 2019-09-13 16:53 | Report Abuse

slayor..want to play OG, play Dayang, Carimin and Armada....why play other OG?

Posted by Sslee > 2019-09-13 21:08 | Report Abuse

Hahahaha
deMusangking, long weekend not going for ahmoing in Genting?

Posted by stockraider > 2019-09-14 12:02 | Report Abuse

I will say insas is a much safer and better bets loh...!!

Why ?
Insas hold 599m inari shares that means 1 insas equal to 0.86 inari or inari share worth rm 1.49 per insas share mah...!!

Beside u get the rest of insas for free like its rm 300m nett cash, its stockbrokings, its money lending, properties and the its many other businesses for free loh....!!

Inari will also benefit from super semicon revival if it do happen loh.....!!

Insas is a good passport of future $$$$$$$$$ gain on inari mah...!!

Posted by stockraider > Sep 14, 2019 11:49 AM | Report Abuse X

good value but very volatile business loh....!!

Posted by Icon8888 > Sep 14, 2019 11:47 AM | Report Abuse

Btw very happy with MPI

Thinking of buying more

The big tech wave is coming

Next few years semicon is Super play

Posted by stockraider > 2019-09-14 15:17 | Report Abuse

Insas investment strategy is just talk less & quietly accumulate loh....!!

sslee is right loh.... insas is a gem loh....!!

Posted by Sslee > 2019-09-14 15:57 | Report Abuse

Hahahaha
Luckily Jungi never go and chase those high high O&G stocks in 2015 or else he will be looking at big book looses.

Posted by Sslee > 2019-09-14 16:05 | Report Abuse

Hahahaha
deMusankking so free today? Not ahmoing in genting? Must be kena burnt in stock market last week?

Posted by Junqi > 2019-09-17 08:25 | Report Abuse

If you bought insas 5 yrs ago and kept it till today you would have lost quite a lot on money
The next asset is up but the price down -inverse relation

Posted by stockraider > 2019-09-17 17:06 | Report Abuse

Insas performance very stable & steady $$$$$$$$$ coming in soon loh..!

Posted by Sslee > 2019-09-18 10:28 | Report Abuse

Hahahaha deMusangking,
Stupid people act smart.
Smart people act stupid.
So are you stupid or smart?
Are you act smart or stupid?

Posted by stockraider > 2019-09-18 11:37 | Report Abuse

DON BE SILLY N BE AFFECTED BY ALL THE NOISES LOH....!!
INSAS IS CLEAR CUT $$$$$$$$$$$$ GAIN MASUK POCKET COMING LOH...!!

NO...NO...PONDAN CUT WINS MAH....INI KALI MAH....!!

THIS WILL BE THE BIGGEST WINS FOR SSlee IN HIS INVESTMENT HISTORY LOH....!!

RAIDER ADVICE EVERY ONE TO JOIN THE INSAS CELEBRATION B4 TOO LATE LOH....!!

Posted by dragonslayer > Sep 18, 2019 11:21 AM | Report Abuse

Aiyo...smart or stupid is ok...but...dun be a shit lah...like the dragonshit...lol...what a joke call sendiri shit pun ada one...lol...bapashit...anak pun shit juga...lol...wakakaka...kikiki


Posted by dragonslayer > Sep 18, 2019 11:27 AM | Report Abuse

Aiyo..Tibet Monk more clever lah....at least he cutwin insas 3x b4 mah....lol...dunno he still that clever or not...BLand still holding tight tight lagi kah...mau delist liao kah...VT own more than 85% liao leh...aiyoyo...kikiki

Posted by KAQ4468 > 2019-09-18 14:22 | Report Abuse

aiyaaaaaaa


kah kah kah

Posted by stockraider > 2019-09-18 19:46 | Report Abuse

Remember if u have 1 insas share u have exposure to 0.85 inari loh...!!

So remember loh...if u hold 1 insas at cost of rm 0.81....u get equivalent exposure worth of Rm 1.50 inari investment(base on inari rm 1.77) loh...!

Guys pls check whether this is true leh ?

So very safe to invest in insas as a proxy to inari loh....!!

Posted by GooShen > Sep 18, 2019 7:27 PM | Report Abuse

Just a fake rebound. Why so happy? Often ppl got trap because god want to vanish you, will make you crazy first. Trade war will get worse, you touch tech stock, you reach holland faster.

Posted by 682pujut2b > 2019-09-19 12:52 | Report Abuse

The 5-year CAGR of Insas share is -7.7% p.a. (2014 share price was around 1.25). The full history (32years) CAGR is only 0.39% p.a. ! (Note: CAGR = cumulative average growth rate per annum in share price).
ROE and ROA are low at 5.5%, ROA 4.1%, in conjunction with very low dividend given out over the long history show poor management of the public equity.
A review of past annual reports show that 568 million Insas warrants (4/1999- 4/2009) expired on 26/4/2009. At time of expiry 4/2009, the major shareholders owned less % warrants than their % of mother shares which appeared to indicate that major shareholders sold some warrants before expiry, thus collecting money from the public in the open market.
If there is something to learn from history, my guess is that it would be very unlikely that major share holders would have any interest in exercising the 2015-2020 warrants (expires 25.02.20) they are holding now.
In view of the above, my guess is insas share price is unlikely to rise up to the warrant exercise price (RM1.0) before 26.02.20).

Posted by Sslee > 2019-09-19 21:42 | Report Abuse

Dear all,
From 3iii, “The worse philosophy is to go for gruesome companies which by definition cannot grow its intrinsic values consistently and with high degree of probability over the long term. Just look at Insas, PMCorp and many others touted by the kings of deep value investing in this forum.”

I list down the below for 3iii to tick as his measurements/reasons why Insas is considered as gruesome company:
1. Keep too much cash especially the one in gruesome AUD
Deposits with licensed banks and financial institutions: 554,786,000
Cash and bank balances: 94,273,000
Interest income: 19,969,000
2. Holding to much gruesome mark to market financial asset mostly quoted securities:
Financial assets at fair value through profit or loss: 234,233,000
IGB REITS, Omesti Berhad, SYF Resources Berhad and Oversea-Chinese Banking Corporation Limited.
3. Lending too much money to VIP clients and charging a gruesome legalized Ah Long interest rate.
Trade receivables: 443,088,000
Category of loan receivables Secured: 267,455,000 and unsecured: 30,161,000
4. Gruesome internal lending: amount due from associate companies 89,571,000
5. Gruesome financial control with current liabilities:
Preference shares 130,106,000
Hire purchase payables 28,791,000
Loans and borrowings 281,654,000
Interest paid (24,881,000)
6. Gruesome associate companies:
Associate companies 437,420,000
Listed associate: Inari 19.19%, Hohup 12.2% and DGSB 25.48%
Unlisted associate: Melium group 43.4%, Winfields 40%, Numori 42.6% and others
Share of profits less losses of associate companies: 44,083,000
Dividend received 42,999,000
7. Gruesome Investment properties: 187,658,000
8. Gruesome Property, plant and equipment 161,021,000 mainly cars for rental, corporate long lease, office equipments, office building and etc.
9. Gruesome Intangible assets 26,047,000. Broking and loan shark license.
10. Gruesome Financial assets at fair value through other comprehensive income 22,971,000. Mainly long term bond.
11. Gruesome former CEO Dato’ Sri Thong only give 1 cents dividend
12. Equally gruesome newly appointed CEO Dato’ Wong only increase dividend to 2 cents
13. Gruesome 10 years continue profit record and NAPS growth.
https://klse.i3investor.com/servlets/stk/fin/3379.jsp?type=last10fy
NAPS: 2.62 with CAGR of 8.86%
14. Gruesome growth or negative growth of revenue as profit is now driven by associate companies.
15. Was promoted and still promote by 3iii gruesome nemesis stockraider, thus it must be gruesome stock
16. Market must be efficient hence a low PE must be a gruesome company.
17. Gruesome excuse of Dato’ Sri Thong and PAC hold 32.96% and thus unable to do share buyback that will trigger threshold of 33% MGO
18. Was a gruesome company in the past hence must be a gruesome company now and in future.
19. All of above.

Thank you

Posted by stockraider > 2019-09-20 08:58 |

Post removed.Why?

Posted by 682pujut2b > 2019-09-20 09:48 | Report Abuse

Consideration of possible unspoken philosophy/ belief of controlling business owners / management of a listed company may be helpful in knowing whether public share holders could benefit from the intrinsic business value. Good listed companies are those whereby the business onwers worked hard for and reward all shareholders.

The Thong family and their close associates have over the years built up to own more than 55% of Insas shares at very cheap cost by virtue of low share prices.

It is perhaps not uncommon for owners of some listed companies wanting to own up to 100%, if possible, whilst minimising their own money input. There are only two ways public investors/shareholders can benefit from a listed company, namely the share price and the dividends given out, both of which had not been realised in the long listing history of Insas.

Posted by stockraider > 2019-09-20 10:00 | Report Abuse

Look at the simple nature of human loh....!!

If i ask people to chose between a bmw v perodua definitely people will chose bmw when price is not a consideration loh...!!

Lets wake up....there is no such thing as no price mah or price is not a consideration loh!!.. So if price is added in as a factor....most people will chose perodua loh...!! This is what we call value buy mah....a very wise choice loh...!!

Likewise Insas hathaway is a very wise buy bcos there are huge value preposition mah....!!

Posted by 3iii > Sep 20, 2019 9:48 AM | Report Abuse

(Value investors: Benjamin Graham, Buffett, Walter Schloss, Philip Fisher, Joe Greenblatt, Bruce Greenwauld, Burton Malkiel, Charlie Munger, John Templeton, Peter Lynch, Seth Klarman, Charlie Munger, etc.)


Why have practically all value investors followed Buffett, preferring quality companies?

Maybe, when they are young and start out investing, they have an excessive desire to do well and make their mark. They tend to favour the cheapest companies, which on face value offer the greatest potential upside.

With experience and maturity, and after having stepped on a few booby and / or value traps (cheap companies in bad businesses, which languish for years, failing to create value) and their economic situation improves, their tastes tend to shift towards quality, even if they have to pay a bit more for it.


KEEP IT SIMPLE AND SAFE (KISS)

Successful investing is not magic, just keep things simple and maybe follow few investing and money rules of thumb and you’ll be fine in the long run.

Posted by stockraider > 2019-09-20 10:05 | Report Abuse

Raider investment philosophy very good one mah....!!
Surewin mah....!!

Posted by deMusangking > Sep 20, 2019 10:02 AM | Report Abuse

stockraider,
empty vessel is the loudest!!!

hahaha

Posted by stockraider > 2019-09-20 10:26 |

Post removed.Why?

Posted by stockraider > 2019-09-20 10:32 | Report Abuse

Ok your bet is on loh...!!

Dlady Rm 58.10 v Insas Rm 0.815 loh...!!

Posted by 3iii > Sep 20, 2019 10:28 AM | Report Abuse

BMW versus Perodua This is a stupid example.


This is a better example:
DLady versus Insas

Over the next 10 years, which of these companies will grow your investment more?

Posted by Honeymustard > 2019-09-20 14:33 | Report Abuse

Existing shareholders - Hold on as good things would come to an undervalued stock
Those considering - Grasps the opportunity iif you feel its undervalued or if a good timing to buy

Posted by RainT > 2019-09-20 14:36 | Report Abuse

INSAS is undervalue ??

very funny

Posted by Leeeeeeeeeno > 2019-09-21 15:14 | Report Abuse

SSLEE.NET/play==1674729Y169300sIZ
916

919
SSLEE.NET/play==1674729Y25968f8VR


NOW
SSLEE.NET/play==1674729Y47202gqtD

Posted by deSSLEEking > 2019-09-22 03:26 | Report Abuse

1797163y68551xzma

Posted by deSSLEEking > 2019-09-22 03:26 | Report Abuse

林佳音 1797163y68551xzma

INSAS is OVERVALUED

Posted by TianTianHuat > 2019-09-22 20:03 |

Post removed.Why?

Posted by LeicnooLena > 2019-09-22 23:13 | Report Abuse

Tianhuat id=1890951Y64488cKWz