Posted by Mikecyc > 2021-05-31 00:16 | Report Abuse

Other income RM 65 million ????

Posted by Mikecyc > 2021-05-31 06:56 |

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Posted by Mikecyc > 2021-05-31 07:02 |

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Posted by Sslee > 2021-05-31 07:31 | Report Abuse

Good morning Mike,
A9 Segment information.
So the losses on fair value financial assets 9 month end 31 March 2020 is now become gains on fair value assets 9 months end 31th 2021

Posted by Bgt 9963 > 2021-05-31 08:23 |

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Posted by mickeykonmouse > 2021-05-31 13:28 | Report Abuse

haha insas and pa forum same ppl....kon mouse spamming con word...

Posted by Mikecyc > 2021-05-31 22:36 |

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Posted by Mikecyc > 2021-06-01 07:19 |

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Posted by Mikecyc > 2021-06-01 07:20 |

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Posted by stockraider > 2021-06-01 08:00 |

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Posted by stockraider > 2021-06-01 12:22 | Report Abuse

Scenery wrote:
Aug 5, 2020 10:08 AM | Report Abuse

dont be silly lah, 4.5 cts is still very low. focus qr red can go to 1.60, why not Lambo? We are figuring on the future of a growing company not gambling here.

Posted by scenery > 2021-06-01 12:31 |

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Posted by stockraider > 2021-06-01 12:53 |

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Posted by stockraider > 2021-06-01 12:54 | Report Abuse

Scenery wrote:
Aug 5, 2020 10:08 AM | Report Abuse
dont be silly lah, 4.5 cts is still very low. focus qr red can go to 1.60, why not Lambo? We are figuring on the future of a growing company not gambling here.

Posted by Mikecyc > 2021-06-01 17:18 |

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Posted by Mikecyc > 2021-06-01 17:21 |

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Posted by Mikecyc > 2021-06-01 17:23 |

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Posted by Sslee > 2021-06-01 18:31 | Report Abuse

Mike for you
https://klse.i3investor.com/blogs/Sslee_blog/2021-06-01-story-h1565989756-How_much_Insas_Profited_from_disposal_of_Inari_Shares.jsp

Posted by i3lurker > 2021-06-01 18:59 | Report Abuse

the fact that you can write does not mean that you can actually read and understand figures

Posted by Mikecyc > 2021-06-01 21:14 |

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Posted by scenery > 2021-06-01 21:17 |

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Posted by Mikecyc > 2021-06-01 21:17 |

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Posted by Mikecyc > 2021-06-01 21:22 |

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Posted by dragon328 > 2021-06-01 21:26 | Report Abuse

It does not matter how much value of Inari shares Insas has if it does not sell it to realise the value. It does not matter how much dividend Insas receive from Inari if it does not distribute higher dividends. It is a value trap. What do minority shareholders of Insas get? Is there any good reason for investors to buy Insas above RM0.80?

Posted by scenery > 2021-06-01 21:40 |

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Posted by birdparadise > 2021-06-01 22:05 | Report Abuse

Stockraider like to cari pasal u r in trouble?

Posted by scenery > 2021-06-01 22:11 | Report Abuse

I am not, stockraider is in trouble, he had lost his self-esteem when he ruin his own reputation by tampering others posts. Only blind n stupeed will ever believe what he said again.

Even though we dont know his real person but ala he is represented by this ID in i3, wherever he go he will be despised.

Posted by Sslee > 2021-06-01 23:07 | Report Abuse

Mike,
Just for your information how I confront Xingquan BOD duting AGM.
https://klse.i3investor.com/blogs/cscsc/2016-12-08-story111267.jsp

Posted by Sslee > 2021-06-01 23:16 | Report Abuse

https://klse.i3investor.com/blogs/Sslee_blog/2021-03-23-story-h1542931251-Justice_for_Xingquan_minority_shareholders.jsp

My last email to SC on Xingquan.

Posted by Mikecyc > 2021-06-01 23:22 |

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Posted by i3lurker > 2021-06-01 23:24 | Report Abuse

sslee

you need to move on from sinkoh aka Xingquan
dun dwell on past glories to try to impress Mike

that will only make him despise you more.
You behave like poor girl trying to get rich man into bed and get pregnant,

Mike will run away for sure.

Posted by Sslee > 2021-06-01 23:26 | Report Abuse

https://klse.i3investor.com/blogs/Sslee_blog/2020-01-18-story-h1482839952-The_Ugly_Mainland_Chinese_CSL_Xingquan_and_Maxwell.jsp

Mike your story "today i read from Serba that someone is posted Xinquin that said to has RMB 1.0 billion cash on hand required to get money from minority share holders by RI .. then bag a big big order that container volume is as can be park from KL to Seremban .. after Independent Auditor highlighted cannot done verification on documents ... SC probe n be delisting on August 2020" is totally hearsay fake news.

Posted by Mikecyc > 2021-06-01 23:32 |

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Posted by Mikecyc > 2021-06-01 23:34 |

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Posted by Mikecyc > 2021-06-01 23:54 | Report Abuse

CORPORATE
Bursa delisting
China companies Xingquan and China Stationery to be delisted on Aug 16
Wong Ee Lin
/
theedgemarkets.com

August 05, 2019 21:04 pm +08

Posted by Mikecyc > 2021-06-01 23:55 |

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Posted by blackjack > 2021-06-02 05:00 | Report Abuse

buy 0.64 exit 1.19

Posted by Sslee > 2021-06-02 07:28 | Report Abuse

Haha i3lurker,
I am glad the external auditors are now taking their job seriously. Those day the auditors and independent directors are as guilty as the CEO and executive directors.
Hence as minority shareholders I encourage them to attend AGM, ask the hard questions and hold the Board and auditor answerable, accountable and responsible.

Posted by Sslee > 2021-06-02 07:30 | Report Abuse

And by the way, pardon me for trying to get this monkey off my back.

Posted by Bgt 9963 > 2021-06-02 08:12 |

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Posted by Mikecyc > 2021-06-02 08:28 |

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Posted by Mikecyc > 2021-06-02 08:29 |

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Posted by stockraider > 2021-06-02 10:41 |

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Posted by acbiz88 > 2021-06-02 18:06 | Report Abuse

The most under value stock in town !

Posted by sohaitrader > 2021-06-02 19:43 | Report Abuse

tomorrow please Up Up Up Up !

Posted by stockraider > 2021-06-03 11:23 | Report Abuse

INSAS HAS ALL THE GROWTH FACTORS OF BERKSHIRE HATHAWAY MAH!

Note quarter 1:
Proceeds from disposal of share in an associate company: RM 86,445,000
Gain on disposal of disposal of share in an associate company: RM 30,761,000
This refer to disposal of Inari shares by Media Lang and Insas Tech and recorded under Technology and IT-related manufacturing, trading and services which disposal sum do not need to report as revenue.

The Investment Holding and trading revenue: RM 26,538,000 and segment profit of RM 17,998,000 included:
Disposal of Inari shares by Insas Plaza RM 18,462,500 and gain on disposal of RM 16,194,500

Note quarter 2:
Technology and IT-related manufacturing, trading and services: Cumulative operation profit: RM 99,034,000
Or Q2 profit RM (99,034,000 – 30,200,000) = RM 68,834,000.
This is mainly from one off gain from disposal of associate company Sengenics which generated net proceeds from disposal of financial assets of RM 54,057,000. (Again the disposal sum do not need to report as revenue)

Note quarter3:
Investment holding and trading:
Revenue RM (49,895,000 – 30,338,000) = RM 19,557,000
Segmental profit RM (38,311,000 – 4,001,000) = RM 34,310,000 (mostly from gain on fair value change of financial assets at fair value thro profit or loss)

Technology and IT-related manufacturing, trading and services:
Revenue RM (106,022,000- 3,973,000) = RM 102,049,000
Segmental profit RM (113,095,000 - 99,034,000) = RM 14,061,000
*Certain figure in the preceding quarters has been reclassified:
Disposal of Inari shares Q3 by Media Lang RM 33,198,750 and gain on disposal of RM 17,937,750
The Disposal of Inari shares Q1 by Media Lang RM 68,774,000 has been reclassified into revenue items
Q1+Q3 disposal by Media Lang = RM 101,972,000

Posted by Sslee > Jun 2, 2021 12:53 PM | Report Abuse

I can only say Insas management are managing the company prudently and conservatively.
They have plan to growth DGSB into food tech and glove manufacturing.

Will see how Insas will invest their cash hoard.

As minority shareholder, I will exercisee my rights to demand for better dividend.


Posted by Sslee > Jun 2, 2021 1:00 PM | Report Abuse

By the way cumulative 9 months.
M&A + ICL already report profit before tax of RM 30.7 million.
And share of profit from associate companies RM 36.88 million.

Inari is on the next phase of expansion and I beilive the share of profit from Inari will growth further in year to come so is the dividend from Inari.

Posted by JKing > 2021-06-03 21:45 | Report Abuse

With inari private placement at rm3.20, insas will have a revaluation gain of rm150mil from its holding of 16% share in Inari. This is a great news for insas

Posted by Sslee > 2021-06-04 11:06 | Report Abuse

Insas value it associate companies at cost: listed Inari, hohup, Dgsb and others unlisted at RM 394.856 milliom as of 31th March 2021.
So do the math Insas currently hold 545,503,575 inari shares how much it worth if mark to market?

Posted by scenery > 2021-06-04 13:24 |

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Posted by acbiz88 > 2021-06-04 15:24 | Report Abuse

The gem within gems. Insas is the most undervalue stock in the world