Haha Lu tau boh now trapped in penthouse with Batikman berjaya. Will only be freed in 2 to 5 year time.
I just treat my investment in Insas as FD looking forward to better dividend and capital appreciation.
By the way my investment and trading gains in others turnaround and theme play stocks allowed me to top up Insas. That is why the other day I said, "Sometime I wonder should I thank DS Thong for locking up the value of INSAS so that I can keep topping up Insas?"
Noted a very interesting new investor in this year Insas 30 shareholders list:
Philip Kunjappy
Former Group Chief Trading & Procurement Officer at Sime Darby Bhd. View Relationships BIOGRAPHY Philip Kunjappy is Member of Malaysian Institute of Accountants, Member of Malaysian Institute of Management, Member of Chartered Tax Institute of Malaysia and Member of The Malaysian Institute of Certified Public Accountants. In the past he held the position of Senior Executive Director-Corporate Planning at Felda Holdings Bhd., Group Chief Trading & Procurement Officer at Sime Darby Bhd., Finance Manager at Kuala Lumpur Kepong Bhd. and Finance Director for Island & Peninsular Bhd.
Congratulations for registering yourself to be the top 30 shareholders of Insas. It take alot of effort and faith in order to buy so much share on this company.
For myself, i hold 220,000 shares in insas although relative small compare to you, it still represent very substantial amount of my assets (more than 60%) invested in this company, i hope with the help of Mr Lee being the substantial shareholders of Insas & the leader of minority shareholders in I3, you can help us to request for more dividend payout in proportion to the much better profitability registered in the company this year.
Just a correction. Mr SS Lee is a top 30 shareholders. He is not a substatial shareholders A substantial shareholders usually holds more than 5% of company shares.
SSlee. Congratulation for being top 30 shareholders. BTW,, i don't see how SS fits in there? So, what SS implies? The moment of truth is here. Can Insas breaks 1.14 previous high. I would have sold at RM1. Well done
BTW, how can an engineer amass so much wealth ah? So, you are either a bribe taking crook or your pay is very high. But i believe you are the latter haha
Well i don't know Philip well enough to comment. Even with 1000% return, you need RM5mil starting funds to become RM50mil. I have substantial share holdings too but it started from my business income. Even with an income of RM20k/mth and RM10k savings, i couldn't have accumulated what i have now. My typical Shell friends who retire with last drawn salary of RM30k should have RM3-5mil. Last drawn of RM50k RM6-8mil. With 2 kids study overseas, RM1m less lah. Assuming you have RM8mil stocks, you gotta earn at least RM40k/mth since 2001? Very impressive for palm oil industry
I used to keep all my money in FD. I start investment a bit late and lost my hard earned money in Xingquan.
Luckily i3investor give me a second chance and thanks to all the Sifus in i3, I start to pick up knowledge, skill, know how and know what in successful stocks investment which enable me to make back my money and growing my portfolio.
The famous i3 Philip is not the same person as Philip Kunjappy. The i3 Philip as far as I know do not invest in Insas. He like to invest with company that can grow their top and bottom line with high PE. https://klse.i3investor.com/servlets/cube/blog/10154899906070843.jsp
More likely will be value trap, logically thinking if this stock is undervalue, why share price is still at this level with PE 3 only? In bursa u see high PE stock price will go higher and higher while low PE stock price will never move. Good luck for those who invested in this one, hope this stock is an exception. lolx
Surprised instead of taking profit on Inari. Insas bought 100,000 Inari share on 29 Oct 2021.
Stock [INARI]: INARI AMERTRON BHD Announcement Date 01-Nov-2021 Substantial Shareholder's Particular: Name INSAS BERHAD Details of Changes: Currency - Date of Change Type Number of Shares 29-Oct-2021 Acquired 100,000 Registered Name M & A Nominee (Asing) Sdn Bhd for Montego (S) Pte Ltd Nature of Interest Indirect Interest Nature of Interest Indirect Interest Shares Ordinary shares Reason Acquisition in the open market Total no of securities after change Direct (units) 0 Direct (%) 0.00 Indirect (units) 540,793,575 Indirect (%) 14.66 Total (units) 540,793,575 Total (%) 14.66 Date of Notice 01-Nov-2021
I look left , look right, Insas looks damn Swee, price should be much higher than the current price. Anyone has logical explanation why it cannot fly ah ?
Can you elaborate more on "Thong to proof his integrity" ? Interested to know more about the insider information . haha I have actually bought 1.02 many years ago because fundamental damn good but tulan cannot move and sold it recently around same price I bought
I wonder in Bursa history. What would happen if majority share holder offered mandatory takeover at grossly undervalued price? Most of the time they failed or win? This is not accusing Insas ok. Don't need to get defensive. Bursa should have better regulations to protect the minority shareholders. Eg. can't offer less than 70% of NTA etc...
Stock: [JAKS]: JAKS RESOURCES BHD
Nov 18, 2020 9:48 AM | Report Abuse
SSlee. Yes, JAKS could be a value trap. Since you touched on this topic, i would like to comment on your Insas too since i could see that you believe in it a lot? It's not to bash Insas but giving you an objective perspective. I didn't study Insas in details but i guess the arguement to buy Insas is because the net asset is worth easily RM2 to RM3 vs current share price of less than RM1? Now, that's more than 50% discount and look like a no brainer. However, the share price higheest was only 1.20 in the last 5 years? Now, i had invested in such companies before and would like to share with you my learnt lesson. Let's give you an example. In my town, there are many 2nd generation rich which liked to brag about their father's fortune. Unfortunately, those riches are NOT theirs, until the father died. Worst, if after father died, mother controls assets. So, these 2nd generation rich are actually earning a meagre thousands every month and probably wishing their father dead. I would say Insas would be the same. Why RI when the company so rich? You were bashing JAKS RI, rightly so. Isn't Insas worst? Yet you are still holding their shares? To me, waste of time. Well, i HOPED JAKS different. We all hope right...
Sslee Just a curious question what if ALP refuse to give dividend and press down the shares price in order to give himself the free shares grant under LTIP to save on paying income tax. Will JAKS become a value trap? 18/11/2020 8:42 AM
Insas is the most undervalued and misunderstood stock in the whole of Bursa. The controlling shareholder and PIC hold 32.96 % and cannot buy from open market nor SBB that will triggered MGO threeshold of 33%.
I had wrote my objection on Insas RI to Bursa as the RI is not a cash call since Insas is cash rich but a reward for shareholders especially controlling shareholders with WC.
The Bursa cannot stop any RI as long as the RI complied with Bursa rule and regulation.
You can read the annual report on Insas Bank deposit, cash and cash equilvalent and what is the holding cost of associate companies.
Insas currently hold 540,793,575 inari shares. Know what is Inari worth to Insas and contribute how much cash flow (dividend) to insas.
I personally know Insas CEO Dato Wong and I beleive in him.
Great. Make i3 forum a place to debate and not attack. Can the majority shareholder exercise the warrant and exceed the 33% treshold and trigger MGO? Actually trigerring MGO is not an issue, the issue is can minority shareholders stop an unfair MGO? Many investment banks always wrote, unfair price but at the end minority still no choice when acceptance could trigger delisting. We won't wanna hold on to a privatise shares right? So, this is a general discussion instead of targeting at INSAS. Remember below blog? I believe Philip is a genuine character too (albeit eyes only see sky) but doesn't mean he won't be wrong.
Blog: Why I bought even more SERBADK bonds and stocks
Jun 15, 2021 10:14 AM | Report Abuse
Sslee. I guess we finally have 1 thing in common. We are too dumb to understand sifu Philips. That's why he is worth so much more than you and me. Period haha
Let me promote a bit to INSAS shareholders since you are looking at value. YTLREIT. The management decides to delay rental payment instead of outright discount. Now, this is what i call management integrity. YTL bosses can easily justify a rental discount as it's the norm but they didn't. So, from mid 2022 onwards, i can expect 8 sens dividend for at least till 2025. Thereafter 7 sens if no rental increase. At RM1, it's 7% yield. Good for retirement passive income. Now, you don't have to sell your Insas to buy YTLREIT. Now, as the famous saying, i don't need you to push up YTLREIT, i am just helping you haha
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!
MQ Trader 881 views | 5 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk 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....
stockfreak
777 posts
Posted by stockfreak > 2021-10-29 19:18 | Report Abuse
Monday how?
Increase of stamping fee + corporate tax.