Posted by stockraider > 2021-08-11 07:46 | Report Abuse

Good luck!

Posted by Bgt 9963 > 2021-08-11 08:38 |

Post removed.Why?

Posted by Andrewpro > 2021-08-11 08:43 | Report Abuse

Today will limit up, all take ride

Posted by stockraider > 2021-08-11 09:37 | Report Abuse

U should switch to mother insas loh!

Pls do not missed mah!

Posted by Sslee > Aug 11, 2021 8:57 AM | Report Abuse

Haha Mike,
By the way I already start to cut win my 760K of free Insas WC toilet paper.

Posted by stockraider > 2021-08-11 11:25 | Report Abuse

Switch to mother loh!

Forget aboout leno voodoo computation loh!

Posted by leno > Aug 11, 2021 11:22 AM | Report Abuse

RM 1.50 - 0.96 = 0.54
0.54 / 0.96 = 56 %

RM 1.50 - 0.90 = 0.60
0.60 - 0.41 = 0.19
0.19 + 0.22 (premium) = 0.41
0.41 / 0.41= 100 %

100 % vs 56 % @ RM 1.50

Posted by Gerrardo > 2021-08-11 14:20 | Report Abuse

For me, i just follow which counter is good.

And currently, insas is good to follow

Posted by rchi > Aug 8, 2021 2:34 PM | Report Abuse

Leno focus on one ctr.Thats why he is extra good.Unlike someone who has a finger in every pie.Hahaha.

Posted by Albukhary > 2021-08-12 13:34 | Report Abuse

Leno, have you ever worry that Dato Sri Thong Kok Kee will privatize Insas?

If let say the offer price is RM1.30, then is no much upside for INSAS-WC d, coz once it privatise, you cannot enjoy the warrant premium anymore.

Personally I think it is very high chances Dato Sri will privatise it, and this is the reason why INSAS share price remain below RM1.00 for so many years.

Please enlighten us with your opinion.

Posted by stockraider > 2021-08-12 13:45 | Report Abuse

U think Leno silly meh ?

The price offer must be very Good b4 the world greatest intelligent cat in the world Leno can accept mah!!

Lu tau boh ??


Posted by Albukhary > Aug 12, 2021 1:34 PM | Report Abuse

Leno, have you ever worry that Dato Sri Thong Kok Kee will privatize Insas?

If let say the offer price is RM1.30, then is no much upside for INSAS-WC d, coz once it privatise, you cannot enjoy the warrant premium anymore.

Personally I think it is very high chances Dato Sri will privatise it, and this is the reason why INSAS share price remain below RM1.00 for so many years.

Please enlighten us with your opinion.

Posted by Mr.Sm Invest123 > 2021-08-12 14:35 | Report Abuse

https://klse.i3investor.com/m/blog/anarchysons/2021-08-11-story-h1569706907-A_Cheaper_Entry_into_Inari_Insas.jsp

Posted by Mr.Sm Invest123 > 2021-08-12 14:40 | Report Abuse

Insas Bhd – tracking Inari’s movement

Glaring us right in the face is Insas Bhd, which owns 16.33% or 545.5mil shares in Inari.

At its price of 93.5 sen as of Aug 11, Insas has a market capitalisation of RM648.28mil.

Insas is controlled by Datuk Seri Thong Kok Khee,

Thong, who also serves as the non-executive director of Inari, owns a direct stake of 0.07% or 2.15 million shares in the company.

Insas has started moving since Inari’s uptrend began two weeks ago. From 88 sen on Aug 3, the stock now stands at 93.5 sen.

Nonetheless on its own, Insas is a decent company with strong financial backing.

Based on its latest cash position of RM573.58mil, the stock has cash per share of 82.7 sen. It is also only trading at a price earnings ratio of 2.66 times.

The stock currently offers a dividend yield of 2.13% based on the 2 sen dividend it gave.

For the nine months to June 30, 2021, Insas has so far recorded net profit of RM217.26mil from a previous loss of RM2.42mil last year. The good results were due to the buoyant capital markets last year, and disposal of shares.

For the third quarter to June 30, Insas’ net profit of RM69.72mil from a previous loss of RM51.48mil was also helped by the higher equity contribution from Inari of RM12.6mil.

Posted by Mr.Sm Invest123 > 2021-08-12 14:41 | Report Abuse

The Opportunity

Currently, Inari contributes roughly 8 sen operating profit to Insas every year.

Based on Inari’s growth guidance by Inari’s management, this 8 sen contribution should then be expected to double to 16 sen over the next two years.

Meanwhile, Insas’ other businesses in the financial sector, namely corporate advisory, stock broking, financial lending and investments are expected to generate another 9 sen to 15 sen per annum to Insas.

For the nine month period, Insas already generated earnings per share (EPS) of 32 sen.

Based on this EPS of 32 sen:

PE 6X = RM1.920

PE 8X = RM2.560

Now even without taking into account the contribution from Inari, Insas’ own assets amount to RM2.36 per share.

If we were to assume that the fair value of Insas is its net tangible asset plus its 16% holding in Inari, thus Insas’ revised net asset value (RNAV) with Inari will be as follows



1. When Inari RM3.60, Insas is RM5.19



2. When Inari is RM4.00, Insas is RM5.50



3.When Inari is RM4.40, Insas is RM5.88.



For now, Insas is only 93.5 sen.

For those who want an even cheaper entry to Insas, they may consider Insas warrant C which came to life on March 5, 2021.

With a five year lifespan, the warrant has an exercise price of 90 sen. The warrant is currently trading at 40 sen.



Insas’ business

Insas is most known for being the owner of M&A Securities Sdn Bhd, a stock broking company providing trading services for securities listed on Bursa Malaysia.

However, it has other principle business segments which consist of:

stock broking, provision of corporate finance & advisory services and structured finance
investment holding & trading;
technology & IT related services;
retail trading and car rental;
property investment & development.
The group’s main operations are located in Malaysia and Singapore and its principal associate company’s operations are located in Malaysia, Philippines and China.

Posted by stockraider > 2021-08-12 14:50 | Report Abuse

Good luck

Posted by Sslee > 2021-08-12 14:58 | Report Abuse

If Dato Sri Thong (currently with PAC officially hold 32.96%) buy from open market and trigger the 33% conditional MGO. The appointed advisor will definately advice the offer price is not fair and not reasonable and recommend shareholders to reject the offer.

Posted by stockraider > 2021-08-12 15:09 | Report Abuse

Insas - A hidden gem and cheaper entry to Inari
Author: HLInvest | Publish date: Thu, 24 Oct 2019, 9:36 AM

Technology and IT-related division is the anchor earnings contributor. INSAS core activity is investment in high growth technology companies in three broad technology sectors namely electronics manufacturing services (EMS), financial transaction processing (“Fintech’) and bio-technology. The major investee companies in the respective tech sectors are INARI, Numoni Pte. Ltd. (“Numoni’) and Sengenics Corporation Pte. Ltd (“Sengenics”).

INARI is involved in the Outsourced Semiconductor Assembly and Test (“OSAT”) industry for radio frequency (RF) products and tailored EMS contract manufacturing to the semiconductor optoelectronic industry. According to earnings consensus, INARI is expected to report earnings CAGR of 23% for FY19-21 on the back of a 20% hike on revenue, driven by an expected surged in related RF components demand to support the growing need for frequency bands and smartphone sales volume in next 5G generation smartphones sales. Apart from RF, the group expects improving sales from the optoelectronics division, driven by resilient demand for fibre optics transceivers and higher sales volume for sensors.

Numoni was originally formed to bring financial inclusion to the under-banked with its Cash-in Cash-out solutions, coinciding with rapid changes in the financial payment industry with the onset of mobile enabled financial technology (“Fintech”) during the last few years. Numoni’s subsidiary in Malaysia, Numoni DFS Sdn Bhd is licensed by Bank Negara Malaysia to conduct e-wallet and remittance businesses.

Sengenics is a functional proteomics company that was originally spun out from research that was originally carried out at Cambridge University in the UK. The company has a patented technology called KREX and has made good progress engaging world renowned customers and collaborators that include top pharma, biotech companies and ivy league-class academic institutions in the USA, Europe and Asia as it expands its footprint in the biomarker industry.

Riding on INARI’s success (contributed average 50% to INSAS FY18-19 earnings). INSAS main asset is its 19% stake or RM1.23bn in INARI, which already exceeded INSAS market cap of RM586m, implying that the market is valuing 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 for free. Meanwhile, INSAS is also holding a 12% stake in HOHUP (RM23m market cap), 10% stake in OMESTI (RM20m market cap), 25% in DGSB (RM18m market cap) and 8% in SYF (RM10m market cap).

INSAS is a cheaper entry into INARI as it is the parent company, holding an effective stake of 19%. Despite being an associate company, INARI contributed approximately 50% of INSAS FY18-19 PBT while the rest are coming from its financial services and credit & leasing, property investment and development, retail trading and car rental as well as investment holding and trading segments. Based on INARI’s current price level, INSAS RNAV is worth at least RM4.12, trading at a steep 79% discount (refer to Figure 5). Even after applying a 30% discount for its liquidity, there is still a 241% upside to INSAS revised value of RM2.88.

Bullish signs ahead after staging triangle breakouts on the daily and weekly charts. After building base above the support trendline from a low of RM0.695 (23 May), INSAS finally staged a long awaited triangle breakouts on its daily and weekly charts this week. The two triangle breakouts could potentially kick start a new upswing soon, supported by positive technical indicators and trending above the multiple key SMAs. Taking out the immediate resistance at RM0.87 (24 July high) would spur prices higher towards RM0.90 (52-week high) next before reaching our LT objective at RM1.00 psychological barrier. Supports are pegged at RM0.815 (200W SMA) and RM0.80 (20W SMA). Cut loss at RM0.78.

Posted by stockraider > 2021-08-12 15:16 | Report Abuse

Today u laugh, tomorrow u cry loh!

Posted by deMusangking > Aug 12, 2021 3:10 PM | Report Abuse

Insas - A hidden gem and cheaper entry to Inari?????
you have been saying it since Stone Age!!!
hahae

Posted by Mr.Sm Invest123 > 2021-08-12 15:36 | Report Abuse

accumulating more n more

Posted by Bgt 9963 > 2021-08-12 16:42 |

Post removed.Why?

Posted by Mr.Sm Invest123 > 2021-08-12 16:57 | Report Abuse

good luck to all

Posted by stockraider > 2021-08-12 17:03 | Report Abuse

Selamat petang

Posted by Mr.Sm Invest123 > 2021-08-12 17:07 | Report Abuse

tomorrow fly

Posted by PSAi3alert > 2021-08-13 16:43 | Report Abuse

stockraider / Sslee,

I have a couple of questions that you probably would have answers already.

1) Between 2019 and 2020, sales revenue decreased but receivables went up and, oddly, the current receivables went up as well.

2) The company has received interest income of RM11.442M on deposits of RM671.652M deposits, but paid RM21.452M interest expenses on RM328.087M borrowings. Wouldn't the company save on the interest expenses by using half of the cash balance to pay down the borrowings?


Thanks


____________________________________ 2020 ________ 2019
Revenue ____________________________ 197,502 ______212,014

Receivables
____________________________________ 2020 ________ 2019
Neither past due nor impaired ____________ 433,354 _____ 386,097
1 to 30 days past due not impaired ________ 1,121 _______ 1,390
31 to 60 days past due not impaired _______ 1,192 _______ 1,428
61 to 90 days past due not impaired _______ 847 _________ 1,747
91 to 120 days past due not impaired ______ 1,595 _______ 893
More than 121 days past due not impaired __ 59,239 ______ 51,541
____________________________________63,994 ______ 56,999
Impaired _____________________________ 15,662 ______ 15,315
____________________________________ 513,010 ______ 458,411

____________________________________ 2020 ________ 2019
Deposits with licensed banks and ________ 491,564 ______ 554,552
financial institutions
Cash and bank balances _______________ 180,088 ______ 95,148

Interest income from:- _________________ 11,442 _______ 15,086
- deposits and cash balances with
licensed banks and financial institutions

____________________________________ 2020 ________ 2019
Loans and borrowings __________________ 328,087 _____ 281,653

Interest expenses _____________________ 21,452 _______ 23,220

Posted by JKing > 2021-08-13 17:11 | Report Abuse

Brother, different segment of business. M

Posted by Sslee > 2021-08-13 17:26 | Report Abuse

Only M&A, ICL, car rental, stocks investment holding and property rental income contribute to revenue. Revenue will be reduced if less investment holding trading.
Most of the profit were from M&A, ICL, share of profit from associate companies (especially Inari) and fair value gain/loss from holding fair value investment assets/stocks.

The receivable increase was from increase loans given out by ICL and trade receivable from increase stocks trading volume by M&A brokering services. Interest expenses used at brokering business is reductable from net income for brokering.

Money deposite at bank did not earned much interest that is why I say the Board/Management of Insas is too conservative and prudent almost to a fault.

Posted by PSAi3alert > 2021-08-13 22:31 | Report Abuse

The decline in overall revenue was due to lower revenue in Technology and ICT services and Retail Trading and Car Rental.

The Investment Holding & Trading segment's revenue increase from RM64M to 86M but PBT went from RM1M to RM-49M

Investment holding & trading:
2020 Revenue (M): 86
2020 PBT (M): (49)
2019 Revenue (M): 64
2019 PBT (M): 1

Am I to understand that the RM433,354M worth of receivables (not past due and not impaired) is not a traditional form of receivables but is actually loans by ICL and share margin financings by M&A? (Dealer’s representatives’ deposits and clients’ trust monies have been specifically excluded from both assets and liabilities, so M&A's trading volumes will not impact receivables)

So the average interest rate earned by Financial services and credit & leasing will be 7.2% (36,855/513,010)?

Financial services and credit & leasing:-
____________________________________ 2020 ________ 2019
- Interest income ______________________ 36,855 ______ 36,679
- Brokerage commissions _______________ 17,392 ______ 11,2044

Placing almost RM700M in bank deposits at 1.7% per annum is prudent.

However, paying 6.53% for the RM328M borrowings is odd. Might as well use the FD to pay down the borrowings or do share buybacks.


Sslee Only M&A, ICL, car rental, stocks investment holding and property rental income contribute to revenue. Revenue will be reduced if less investment holding trading.
Most of the profit were from M&A, ICL, share of profit from associate companies (especially Inari) and fair value gain/loss from holding fair value investment assets/stocks.

The receivable increase was from increase loans given out by ICL and trade receivable from increase stocks trading volume by M&A brokering services. Interest expenses used at brokering business is reductable from net income for brokering.

Money deposite at bank did not earned much interest that is why I say the Board/Management of Insas is too conservative and prudent almost to a fault.
13/08/2021 5:26 PM

Posted by Sslee > 2021-08-13 22:54 | Report Abuse

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

Analysis on Insas profit come from for the past 3 quarters.

M&A is into advisor, undertaking for IPO, PP, RI and GO need strong standby financially credit line of hundreds million for the offeror.

The Board of Directors ("Board") of Rubberex Corporation (M) Berhad ("Rubberex" or "Company") wishes to announce that the Company has on 22 June 2020 received a notice of unconditional mandatory take-over offer ("Offer") from Hextar Rubber Sdn Bhd (formerly known as ERP Star Inc. Sdn. Bhd.) and Dato' Ong Choo Meng, being the Joint Offerors for the Offer, through M&A Securities Sdn Bhd.

Posted by Sslee > 2021-08-13 23:12 | Report Abuse

@PSAi3alert : However, paying 6.53% for the RM328M borrowings is odd. Might as well use the FD to pay down the borrowings or do share buybacks.

Insas cannot do share buyback because currently Dato Sri' Thong and PAC hold 32.96% any share buy back resulting in Dato Sri Thong and PAC holding to reach 33% will required Dato Sri Thong to offer conditional MGO.

Posted by PSAi3alert > 2021-08-13 23:18 | Report Abuse

Since Dato Sri Thong will not vary his shareholdings, Leno should do a hostile takeover.


Sslee @PSAi3alert : However, paying 6.53% for the RM328M borrowings is odd. Might as well use the FD to pay down the borrowings or do share buybacks.

Insas cannot do share buyback because currently Dato Sri' Thong and PAC hold 32.96% any share buy back resulting in Dato Sri Thong and PAC holding to reach 33% will required Dato Sri Thong to offer conditional MGO.
13/08/2021 11:12 PM

Posted by Sslee > 2021-08-13 23:23 | Report Abuse

The last time Insas do share buyback in on Jan 2015 and now hold 30,327,291 treasury share.

INSAS] Share Buyback (Form 28A) on 30-Jan-2015
Stock [INSAS]: INSAS BHD
Announcement Date 30-Jan-2015
Date 16-Jan-2015 to 16-Jan-2015
Number of Shares 200,000
Currency Malaysian Ringgit (MYR)
Price (per shares) 0.890 - 0.895
Total Amount 179,268.05
Total Treasury Shares 30,327,291

Posted by Sslee > 2021-08-13 23:43 | Report Abuse

PSAi3alert Since Dato Sri Thong will not vary his shareholdings, Leno should do a hostile takeover

The recent cash call Insas-PB with free WC are actually for Dato Sri Thong to collect more WC as a way to ensure his controlling shareholder status and to fight off any hostile takeover.

Posted by PSAi3alert > 2021-08-13 23:46 | Report Abuse

Leno,

I am a mind reader.

On the 9th of Aug, I printed the numbers in your mind ( daughter = WC , mother = Insas , grandmother = Inari ).

On the 13th of August, you spoke your mind.

Now, I am telling you that you will see a number of roadblocks.

You will either get down from the car and remove the roadblocks; or drive through them.

Mind Reader PSAi3alert



Stock: [INSAS-WC]: INSAS BERHAD

Aug 9, 2021 11:33 AM

Sslee,

I can read Leno's savant mind.

Her numbers are: daughter: 3.0 , mother: 3.93, grandmother: 5.0


Blog: The intrinsic value of HARTALEGA

Aug 13, 2021 11:47 AM | Report Abuse

to qqq :
harta TP RM 6
inari TP RM 5
insas TP RM 4
insas-WC TP RM 3

Some ppl prefer TP 6,
some like leno, who is not greedy, prefer RM 3 only.

Posted by PSAi3alert > 2021-08-13 23:49 | Report Abuse

Small wheel turn big wheel is always a vulnerable situation.


Sslee PSAi3alert Since Dato Sri Thong will not vary his shareholdings, Leno should do a hostile takeover

The recent cash call Insas-PB with free WC are actually for Dato Sri Thong to collect more WC as a way to ensure his controlling shareholder status and to fight off any hostile takeover.
13/08/2021 11:43 PM

Posted by Sslee > 2021-08-14 00:00 | Report Abuse

Just imagine without the WC Dato Sri Thong is more vulnerable to hostile takeover.

A very simple question why pay RM1.023 billion to own 330 million of inari when you can use the same amount to take over Insas ( 545.5 inari share and everything inside Insas)?

Posted by PSAi3alert > 2021-08-14 00:13 | Report Abuse

Agree.

Gordon Gekko would have said 'Blue horseshoe loves Insas'.

Why isn't he?



Sslee Just imagine without the WC Dato Sri Thong is more vulnerable to hostile takeover.

A very simple question why pay RM1.023 billion to own 330 million of inari when you can use the same amount to take over Insas ( 545.5 inari share and everything inside Insas)?
14/08/2021 12:00 AM

Posted by i3lurker > 2021-08-14 00:14 | Report Abuse

Global GDP dives down as World's Third Biggest Port is shut down.
Without any trade, Global profits of anything, including but not limited to condoms goes down.

INSAS going underwater.

Posted by PSAi3alert > 2021-08-14 00:27 | Report Abuse

Condoms are no longer required for birth controls. Covid has done the job by inducing orchitis and/or decreasing testosterone levels, sperm counts, and motility


i3lurker Global GDP dives down as World's Third Biggest Port is shut down.
Without any trade, Global profits of anything, including but not limited to condoms goes down.

INSAS going underwater.
14/08/2021 12:14 AM

Posted by Sslee > 2021-08-14 07:53 | Report Abuse

INSAS going underwater.

Now I know why Insas is severely undervalued, many thanks to i3lurker for enlightening me that all this while Insas is underwater.

About time now for Insas to breakout from underwater.

Posted by stockraider > 2021-08-14 08:19 |

Post removed.Why?

Posted by stockraider > 2021-08-14 08:20 | Report Abuse

GO GO GO LOH!

Posted by Bgt 9963 > 2021-08-14 08:21 |

Post removed.Why?

Posted by stockraider > 2021-08-14 09:53 | Report Abuse

Good Luck

Posted by PSAi3alert > 2021-08-14 15:11 | Report Abuse

Leno,

The AH LONG business is getting only 6.97% ( 36,855/528,627), which is a shade above 6.53% for the RM328M borrowed from the bank.

And if the impairment is written off, the AH LONG yield will drop to ( (36,855-15,662) / 528,627) to 4.00%.

-->> 1) What niche market are you talking about?


Insas
_________________________________ 2020 ______ 2019
Revenue _________________________ 197,502 ____ 212,014
Profit before tax ____________________ 25,211 _____ 93,328

Staff Costs (excluding directors) _______ 27,337 _____ 26,417
Directors remuneration ______________ 11,117 _____ 11,614

Directors remuneration / Revenue ______ 5.629% ____ 5.478%
Directors remuneration / PBT __________ 44.09% ____ 12.44%
Directors remuneration / Staff Costs _____ 40.67% ____ 43.96%


MMC
_________________________________ 2020 _______ 2019
Revenue _________________________ 4,492,748 ___ 4,711,796
Profit before zakat and taxation ________ 653,714 ____ 521,991

Staff Costs (excluding directors) _______ 854,185 ____ 888,431
Directors remuneration ______________ 7,953 ______ 7,665

Directors remuneration / Revenue ______ 0.177% ____ 0.1627%
Directors remuneration / PBT __________ 1.217% ____ 1.468%
Directors remuneration / Staff Costs _____ 0.931% ____ 0.863%


-->> 2) What sort of nuclear science business is Insas running that requires Directors remuneration as a percent of revenue at 5.629% and Directors remuneration as percent of staff costs at 40.67%?

-->> 3) I assure you that you do not want me to look at Inari. You be courteous and I will look away.



leno
This year and last year is bad for most company.
Among the few very profitable business is the AH LONG business.

Inari Credit Leasing (ICL) is in a very the NICHE market.
They stand in between the bank and ah long.
Bank don't want lend, ah long too high interest, then u go to ICL.

The Receivables are all co-lateralised, ballooning because of very GOOD BUSINESS during this trying period, and ICL has "secured" all this business which going to pay good money for many many years to come. We are talking about 5 years, 10 years of SECURED profit.

And until now, we have not go into Inari share price of RM 3.50 !!
FAK U if u still cannot understand !

14/08/2021 9:41 AM


leno
U must be able to manage the company.
U take over, then all the staffs resign, how leh ?
U think this is glove company ?
any bangla or indon can be replaced aa ?

13/08/2021 11:37 PM

Posted by Sslee > 2021-08-14 16:47 | Report Abuse

Trade receivables are mainly made up of outstanding share purchases by the stockbroking clients which are still within the Bursa Malaysia’s settlement period, margin debts granted to clients of the stockbroking unit, and the structured finance and loans granted to clients by Insas Credit & Leasing Sdn Bhd, a licensed money lending company. The loans are performing and the securities provided by the clients are sufficient to cover the trade receivables.
The impaired trade receivables related to old trading and margin losses incurred by clients of the stockbroking unit and all the impairments have been fully charged out to income statements in the earlier financial years.

The interest rate charged by ICL is in accordance with the Moneylending Act, which is not more than 12% p.a. for secured loans and not more than 18% p.a. for unsecured loans.

Moneylending subsidiary company: Insas Credit & Leasing Sdn Bhd Paragraph 8.23(2)(e) Appendix 8D(1) - Aggregate amount of outstanding loans as at 30 June 2020
Category of loan receivables: Secured: Unsecured: Total
RM'000: RM'000: RM'000
(a) Corporations: 230,309: 25,942: 256,251
(b) Individuals: 10,135: 32: 10,167
(c) Corporations within Insas Berhad: Group: 4,035: - :4,035
(d) Related parties - - -
Total 244,479: 25,974: 270,453

Posted by Sslee > 2021-08-14 17:02 | Report Abuse

Agreed many Thong are director of INSAS subsidiary companies,

As at 30 June 2020, the Group has a total of 225 (2019: 279) employees (excluding directors) which consists of 63% (2019: 45%) female and 37% (2019: 55%) male.
Staff cost: RM 27.4 million (2020): RM 26.5 million (2019). Exclude directors

The Directors who held office during the financial year and up to the date of this report are as follows:-
Y.A.M. Tengku Puteri Seri Kemala Tengku Hajjah Aishah
Binti Almarhum Sultan Haji Ahmad Shah, DK(II), SIMP*
Dato’ Wong Gian Kui*
Dato’ Dr. Tan Seng Chuan*
Ms. Soon Li Yen*
Mr. Oh Seong Lye

* Directors of the Company and certain of its subsidiary companies.
The Directors of the subsidiary companies since the beginning of the financial year and up to the date of this report, excluding those who are already the Directors of the Company are:-
Dato’ Sri Thong Kok Khee
Mr. Sundararajah A/L Ramasamy
Datin Sri Yeoh Kwee See
Dato’ Ng Jet Heong
Ms. Thong Mei Chuen
Datuk Tan Choon Peow
Mr. Thong Weng Sheng
Mr. Monteiro Gerard Clair
Dato’ Thong Kok Yoon
Ms. Winnie Ng Yee Ching
Datin Tan Few Teng
Dato’ Jaganath Derek Steven Sabapathy
Mr. Goh Hock Jin
Mr. Albert Jayaraj A/L Thanimalai
Ms. Yu Hong Tin
Mr. Wong Yew Kiang
Mr. Seet Hon Chiew
Mr. Melwani Ashok Bhagwandas
Ms. Mun Nga Lai
Mr. Tan Wen Jie**
Ms. Chow Yuet Kuen
Mr. Lee Chee Full**
Ms. Boon Yat Mee
Mr. Sylvester Martin Emuang (resigned on 29 June 2020)
Ms. Yong Mee Yan
** Up to 7 February 2020 - as disclosed in Note 44(a)(ii) to the financial statements.
Remuneration
Executive Directors: Directors of the Company: RM 3,349,000 (2020): RM 5,544,000 (2019)
Directors of subsidiary companies: RM 7,052,000 (2020): RM 5,399,000 (2019)
Non-Executive Directors: RM 649,000 (2020): RM 622,000

Posted by Sslee > 2021-08-14 20:35 | Report Abuse

By the way year end 30th june 2020. Investment holding & trading make a loss of 49 million was mainly book losses from fair value investment. OCBC, Omesti, SYF and etc.

M&A, ICL and share of profit from associate companies will contribute stable profit,.
The addition profit will depend on how Insas employs the cash hoard to generate profit from Investment holding & trading or just sell some inari share for the addition profit.

Investment holding & trading:
2020 Revenue (M): 86
2020 PBT (M): (49)
2019 Revenue (M): 64
2019 PBT (M): 1

Posted by stockraider > 2021-08-15 10:07 | Report Abuse

Good luck

Posted by Bgt 9963 > 2021-08-15 10:25 |

Post removed.Why?

Posted by stockraider > 2021-08-15 10:43 | Report Abuse

Good Buy

Posted by PSAi3alert > 2021-08-15 23:06 | Report Abuse

Sslee, FYI


Directors' remuneration
___ 2020 _____ 2019 _____ 2018 _____ 2017 ____ 2016 ____ 2015
___ 11,117 ____ 11,614 ___ 10,052 ____ 7,864 ____ 5,547 ___ 3,391


Financial Services, credit & leasing
Cum profit / Cum Assets = 3.12%

__________ 2020 _____ 2019 ____ 2018 ____ 2017 ____ 2016 ____ 2015
Revenue __ 67.266 ___ 60.644 ___ 66.369 ___ 55.247 __ 48.384 ___ 51.317
Profit _____ 23.182 ___ 19.350 ___ 7.585 ____ 14.299 __ 23.032 ___ 9.664
Assets ____ 643.901 __ 564.41 ___ 526.489 __ 508.765 _ 408.372 __ 459.275


Investment holding & trading
Cum profit / Cum Assets = -0.23%

__________ 2020 ______ 2019 _____ 2018 _____ 2017 ____ 2016 ______ 2015
Revenue __ 236.625 ___ 88.084 ___ 210.806 ___ 236.156 __ 140.457 ____ 280.657
Profit _____ (50.202) ___ (2.053) ___ (1.072) ____ 97.031 ___ (50.456) ___ (5.022)
Assets ____ 742.293 ___ 849.992 __ 821.200 ___ 922.978 __ 797.073 ____ 991.601


Technology & IT related
Cum profit / Cum Assets = 14.46%

__________ 2020 ____ 2019 ____ 2018 ____ 2017 ____ 2016 _____ 2015
Revenue __ 23.006 ___ 52.648 ___ 50.998 __ 34.662 ___ 47.157 ___ 61.217
Profit _____ 30.928 ___ 61.876 ___ 76.57 ___ 65.030 ___ 93.077 ___ 85.811
Assets ____ 588.784 __ 564.76 ___ 517.123 _ 408.483 __ 356.057 __ 238.307


Retail trading & car rental
Cum profit / Cum Assets = 0.69%

__________ 2020 ____ 2019 ____ 2018 _____ 2017 ____ 2016 _____ 2015
Revenue __ 46.026 ___ 77.810 ___ 78.623 ___ 74.829 ___ 65.23 ____ 34.827
Profit _____ 0.622 ____ 1.314 ____ (3.34) ____ (0.431) ___ 6.081 ____ 2.495
Assets ____ 77.594 ___ 188.364 __ 181.983 __ 206.018 __ 179.553 __ 139.931


Property investment & development
Cum profit / Cum Assets = 2.9%

___________ 2020 ____ 2019 _____ 2018 _____ 2017 _____ 2016 ____ 2015
Revenue ___ 3.411 ____ 2.27 _____ 1.245 _____ 6.807_____ 2.953 ____ 3.639
Profit ______ 10.507 ___ 1.632 ____ 10.662 ____ 4.712 ____ 6.239 ____ (0.465)
Assets _____ 202.301 __ 181.433 __ 174.405 ___ 158.735 __ 158.547 __ 112.637

Posted by Sslee > 2021-08-16 07:18 | Report Abuse

** Up to 7 February 2020 - as disclosed in Note 44(a)(ii) to the financial statements.
Disposal of the Group's Singapore car rental division.
Hopefully with the disposal will save on director and staff cost

Posted by Bgt 9963 > 2021-08-16 08:58 |

Post removed.Why?