u see sifoo leno got onli one head ... so u must follow sifu leno ... some more leno is not a snake .. leno is one head veri panlai cat. PA nta too low .... not sustainable above 50 sen. MUST BUY INSAS ... RM 3 RINGGIT COMING.
of course insas may not go Rm 2.00 to Rm 4.00 unless distribution of Inari share mah...!!
But Insas potential upside to as high as Rm 1.60 very possible mah...!!
5G is here to stay , it is the future mah...!!
That means Inari got very good prospect mah...!!
U can either buy inari or alternative cheaper insas loh!
REMEMBER INSAS IS A CHEAPER EXPOSURE ALTERNATIVE TO INARI LOH! Insas main jewel is its 16.4% stake or RM1.92bn tag in Inari, which already exceeded Insas marketcap of RM634m, implying its other divisions such as Financial service and credit & leasing division; Property investment and development division; Investment holding and trading division; Retail trading and car rental division businesses are “free”. Valuation is undemanding as the share price is trading at 0.33x P/B (vs 10Y average 0.4x) and 61% discount to revised SOP of RM2.36 (despite imputing a large 40% holding discount). We think such valuations have provided a sufficient “buffer” and will cushion further slide in share price, thanks to strong earnings visibility from financial serives (stockbroking and credit/leasing arm) and IT-related manufacturing businesses particularly from Inari (+30% EPS CAGR from FY20-23). Also, it has a solid balance sheet with NCPS of 89 sen (~97% to share price).
Why u should welcome insas even if it is value trap loh ?
There is a big opportunity on insas, don missed loh....!!
REMEMBER INARI TODAY IS RM 3.59 V RM 1.68 IN 9 SEPT 2019 LOH...!!
U use your brain n calculate lah...!! The 18% insas hold inari is already far equal and exceed the whole insas mkt cap by at least 3x fold mah.....!!
IF USE TODAY INARI PRICE OF RM 3.59, THEN IT IS WORTH RM 2.52 PER SHARE FOR INSAS SHAREHOLDER MAH...!!
On top that insas hold just cash alone is equivalent to rm 630m already more than rm 0.90 of the mkt cap of insas loh...!!
So inari down apa hal leh ....insas already very undervalue with big margin of safety, so apa hal even inari come down to rm 1.00 no problem for insas loh !!
On top of that insas nta Rm 2.83 does not include the mark to mkt value of inari...bcos inari is value less than Rm 0.40 in insas book nta calculation loh...!!
IF U MARK TO MKT INARI SHARE PRICE, THEN THE FAIR VALUE OF INSAS IS RM 5.00 LOH...!!
If u based on mark to mkt value of inari u need to add another Rm 2.17 per share to insas book value loh...!!
Thats why inari share price drop insas tak ada hal mah...!!
This is no tipu loh...!!
INSAS IS IN CONSOLIDATION BASE BUILDING PHASE ABOVE RM 0.91, WITH A VERY STRONG UPWARD BIAS LOH....!!
THIS IS A VERY STRONG ACCUMULATION PHASE, B4 VERY BIG RUN UP IN SHARE PRICE COMING LOH.....!!
DO NOT MISSED THIS SAFE MONEY MAKING OPPORTUNITIES, JUST BUY NOW MAH..!!
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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....
leno
6,154 posts
Posted by leno > 2021-03-03 14:34 | Report Abuse
bird : why u buy SCIB ? NTA onli 30 sen !! Quickly sell at RM 1.70 !! BUY INSAS instead !!