Bursa Malaysia has quite a number of undervalue stocks and Insas is one of them. The management of this company better don't be complacent; at such a low valuation, they make this company a good prey....
insas is a good counter...anybody buyin can still ride it at least for 1 or 2 more weeks...TP 1.20...just bought 10,000 units at average price of 70 cents...just small volume for not so rich guy like me...luckily sizzling on 1st day buying
Sectorial Play nia, Stockbroking shares all rise on Monday due to speculation on possible t/o of stand alone broking companies after the latest Affin/HDBS t/o mergers ! Insas due to
Company share buybacks n Inari, Insas boss keep selling since the last weeks of October till now and still selling ! Ho Hup also rise n is gd news for Datuk Thong !
just a note on how severely undervalue this counter is as stated earlier Cash after deducting ALL liabilities RM229.73m or 33 sen per share Shares and bond investments RM277.8m or 40 sen per share Properties RM179.3m or 25.8 sen per share 36.44% Inari stake RM226m or 32.6 sen
Insas, like many other counters with good asset backing but slow profit growth and little dividend, offers value. It is by no means expensive but the risk of value trap is real in the medium term.
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....
FreeThink
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Posted by FreeThink > 2013-11-04 15:27 | Report Abuse
TP 1.0