Technical BUY with +21.1% potential return Last price : RM0.925 Target Price: RM0.985, RM1.12 Support : RM0.875 Stop-loss: RM0.850 BUY with a target price of RM1.12 with stop loss placed below RM0.850. Given our earlier BUY call on 29 Jan 14, INS hit our initial target price of RM0.925 yesterday, giving a return of 16%. However, we expect further upside following the recent positive development. INS has stabilised above “the cloud” in the last 12 days and yesterday’s close above the recent high of RM0.920 comes on the back of a higher trading volume of 27.4m shares (vs 20- day average of 4.7m), suggesting strong buying interest. As the share price continues climbing above the rising trendline and the upward sloping 10-day and 21-day SMA lines, we expect INS to rise hereafter and thus place our upside target at the 1.61x Fibonacci extension level of RM1.12 in the medium term.
Inari and Inari-W accounts for 73% of Insas. With the rate it's going, soon Insas' holdings in Inari will equal Insas' market cap. all other businesses and assets are free. There's no reason for Insas to stay at current levels. We'll probably have to wait for the pressure cooker to explode on the upside.
u two sound like 2 gays partner ... showing so much affection ... i know this is a chat room .. but please lar go get a real room to do ur thing. Definitely not in insas thread ... reading your post also raised all my goosebump ... eeee ... UWEK !
Importanct announcement : The King will be goin for long long holiday in Holland because the King is veri RICH and SUCCESSFUL. Dun try to talk at the king back or u will get a Tarak Telor national award when the King come back. Also, as the KING, i would like to announce, next week ... ONE full week will be a national holiday for every insas holders. No need to go to work, just sms your boss to call my secretary to issue a special double paid 1 week leave. One reminder, do not sell your INSAS share at whatever price next week will be. Keep it, kiss it, just dont sell it. This is for your own good and future safety. CHOW ! .... ops ! almost forgot to say ..... INSAS CANTEEEEEK !!
i remember not long ago when Insas first hit 98sen, Inari was only at RM1.5 level but now the latter is already RM2.64 but Insas still stuck; very sad case!
Have confidence and patience. When the time is ripe to play with the backup news it will fly. Insas has been a frustrating counter to a lot of investors. Short of saying, not been fair to the shareholders. It appears to be changing with management talking about 'adding value' to its shares. I hope now is the time.
tj, valueguru is right, much more upside, i think easily 1.10 this week
Posted by valueguru > Mar 24, 2014 10:23 AM | Report Abuse
i remember not long ago when Insas first hit 98sen, Inari was only at RM1.5 level but now the latter is already RM2.64 but Insas still stuck; very sad case!
Finally it explode.. romuors of management corporate exercise since last year ie bonus issue.listing of merlium group..special dividend starts to brewing. Dato Tan counters all flying
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
gark
924 posts
Posted by gark > 2014-03-21 11:38 | Report Abuse
anyway you so emotional.. cease fire ok? ahahahahaha