INSAS BHD

KLSE (MYR): INSAS (3379)

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Last Price

1.03

Today's Change

-0.01 (0.96%)

Day's Change

1.01 - 1.03

Trading Volume

1,004,400


44 people like this.

44,167 comment(s). Last comment by Tatooine 10 hours ago

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-02-27 06:37 |

Post removed.Why?

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-02-27 06:42 |

Post removed.Why?

Posted by StartOfTheBull > 2023-02-27 07:47 | Report Abuse

A true and ethical professional would not belittle others lest writing humiliating sentences and nonsense in forums.

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-02-27 09:01 |

Post removed.Why?

Sslee

4,565 posts

Posted by Sslee > 2023-02-27 09:37 | Report Abuse

Those with no holding in Insas and have nothing useful information on Insas will you please not littering insas forum and go some where else to pass your time.

BobAxelrod33

2,261 posts

Posted by BobAxelrod33 > 2023-02-27 11:09 | Report Abuse

As Sslee only wanted useful info and your info was useful and informative....you are licensed to post here.

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-02-27 11:09 |

Post removed.Why?

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-02-27 11:12 |

Post removed.Why?

Sslee

4,565 posts

Posted by Sslee > 2023-02-27 11:15 | Report Abuse

Sometime I forgot what I have order, so I just eat what is sent to me.
Afterall at my age everything look alike and taste almost the same.

Anyway thanks for the useful information next time will insist the right order is send to me.

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-02-27 11:19 |

Post removed.Why?

BobAxelrod33

2,261 posts

Posted by BobAxelrod33 > 2023-02-27 11:26 | Report Abuse

Yup, clearly seen the difference. Also, seeing the difference with your order being served or much delayed as compared with Sslee's lamenting wrong food being served........aren't they different issues, same as comparative issues in shares investing????

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-02-27 11:52 |

Post removed.Why?

speakup

24,995 posts

Posted by speakup > 2023-03-01 10:25 | Report Abuse

Is Insas net cash 765mil?
Can't be right? Cos that will mean cash/share is rm1.10 which is more than the share price 77¢.
Anybody can help clarify?

Sslee

4,565 posts

Posted by Sslee > 2023-03-01 10:57 | Report Abuse

RM'000
Total current assets: 1,783,443
TOTAL LIABILITIES: 462,466
Total non-current assets: 896,206
Of which Associate companies: 540,808
One of the associate companies is Inari.
Insas holds 537,008,575 Inari share.

Sslee

4,565 posts

Posted by Sslee > 2023-03-01 11:01 | Report Abuse

Curent assets
As at
30/9/2022:30/6/2022
RM'000 :RM'000
Property development costs 11,256: 11,250
Inventories 12,425: 12,067
Trade receivables 476,931: 498,428
Amount due from associate companies 68,806: 74,495
Amount due from jointly controlled entities 647: 644
Other receivables, deposits and prepayments 51,947: 51,176
Financial assets at fair value through profit or loss 216,578: 249,370
Tax recoverable 7,016: 7,185
Deposits with licensed banks and financial institutions 757,724: 602,424
Cash and bank balances 180,113: 311,912
Total current assets 1,783,443: 1,818,951

speakup

24,995 posts

Posted by speakup > 2023-03-01 11:18 | Report Abuse

I guess Insas the only company in Bursa where the cash/share way exceeds the share price. By a massive 43% too!

speakup

24,995 posts

Posted by speakup > 2023-03-01 11:22 | Report Abuse

I see there was a right issue in 2021.
Since listing, insas-PB has risen 19%, insas-WC has dropped 23%, while mother dropped 10%.
Anybody can explain the movement?

speakup

24,995 posts

Posted by speakup > 2023-03-01 12:38 | Report Abuse

Since cash/share is a massive 43% higher than current share price, why no corporate raider sapu all insas and grab all the cash for themselve?

Sslee

4,565 posts

Posted by Sslee > 2023-03-01 12:41 | Report Abuse

Sorry,
Do not know why cannot cut and paste the latest BS as at 31/12/22.
YOu need to read the latest Financial report at below link:

https://klse.i3investor.com/servlets/staticfile/489721.jsp

i3gambler

655 posts

Posted by i3gambler > 2023-03-01 13:05 | Report Abuse

Price = 0.77
Market Cap = 0.77*663.02 = 511m
Total Liabilities = 516m
Bank Deposits + Cash = 752.4 + 153.9 = 906m

Assuming all assets (except 537m INARI shares and bank Deposits/Cash) are worthless,
EV for INARI shares = 511 + 516 - 906 = 121m

EV / INARI shares = 121 / 537 = RM0.225 / INARI share.
Very Funny, Not even 10% of INARI market price.
Too Good to be true.

Sslee

4,565 posts

Posted by Sslee > 2023-03-01 14:23 | Report Abuse

Rest assure, cash is real & quite a large sum is held under Insas Tech group of companies (all 100% owned by Insas) of which Dato' Dr Tan & Dato' Wong are joint signatories.

Sslee

4,565 posts

Posted by Sslee > 2023-03-01 14:40 | Report Abuse

I make some money subscribe for the RI Insa-Pb with free Insas-WC and later sold all the PB and WC to buy more Insas.

Leno sold all Insas and PB to all in WC. Leno would have make more than 100%+ if Leno sold the WC at 50 cents.

Sslee

4,565 posts

Posted by Sslee > 2023-03-01 14:43 | Report Abuse

THIRTY LARGEST WARRANTS HOLDERS
4. Public Nominees (Tempatan) Sdn Bhd: 18,759,000: 5.66%
- Pledged Securities Account for Lee Hock Leong (E-PDG/SAN)

i3gambler

655 posts

Posted by i3gambler > 2023-03-01 17:40 | Report Abuse

i3lurker

I input:
1) INSAS = 0.77
2) Dividend 2.5 sen x 3 for the next 3 years
3) Interest Rate = 5%

Then if :
4a) INSAS Volatility = 15%, WC fair value = 4.40 sen
4b) INSAS Volatility = 20%, WC fair value = 6.67 sen
4c) INSAS Volatility = 30%, WC fair value = 11.58 sen

I checked INSAS's 90 days historical Volatility, it was around 15% only.
My opinion, INSAS-WC is expensive.

speakup

24,995 posts

Posted by speakup > 2023-03-01 21:37 | Report Abuse

Any idea why Insas is hoarding so much cash?

i3gambler

655 posts

Posted by i3gambler > 2023-03-02 10:37 | Report Abuse

Why is INSAS-WC trading at a price much higher than Fair Value?
My understanding is the speculators believe that:
1) INSAS has chance to shoot through the Roof.
2) Most probably INSAS would remain undervalued.

Therefore they might as well pay a small amount on INSAS-WC, to bet for the best, just like buy 4D.

Sslee

4,565 posts

Posted by Sslee > 2023-03-02 11:00 | Report Abuse

Insas can easily go up to RM1.50 if only.............
Hence people are betting on WC and one such person is leno and stockraider will come in when WC is half a sen.

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-03-02 12:10 |

Post removed.Why?

Sslee

4,565 posts

Posted by Sslee > 2023-03-03 09:35 | Report Abuse

This is the first time and most likely the source of misinformation is from someone call Mike that Insas has High debt level or financial risk with debt-to-equity ratio of 1.3x.

So please tell Bing don't read any comments from Mike or Johnchew

BobAxelrod33

2,261 posts

Posted by BobAxelrod33 > 2023-03-03 09:42 | Report Abuse

Lurker left out that Insas is dependent on profits in their Investments. They are neither a manufacturer nor plantation.

Fine example LTAT...Bstead....and with only one arm i.e Pharma bombed to kingdom come.....LTAT lost hundreds of millions.....

WOULD THAT SCENARIO COMES TRUE FOR INSAS TOO????

BobAxelrod33

2,261 posts

Posted by BobAxelrod33 > 2023-03-03 09:50 |

Post removed.Why?

Sslee

4,565 posts

Posted by Sslee > 2023-03-03 11:05 | Report Abuse

Know what is Insas current assets minus total liabiliaties?

Inari is just one of Insas most profitable associate companies. The associate companies are valued at RM 554,418,000 in non current assets as at 31/12/2022.

Total current assets: RM 1,842,474,000
Total non current assets: RM 918,930,000
Total liabilities: RM 515,933,000
Total equity: RM 2,245,471,000
NAPS: RM 3.39

Insas currently holds 537,008,575 Inari share.

Sslee

4,565 posts

Posted by Sslee > 2023-03-03 19:12 | Report Abuse

Those holding Insas are asking the BOD to give a better dividend and only ready to value Insas at 3.5 - 4 % dividend yield (same as bank FD) and not more than 90 sens as they are afraid of WC conversion at 90 sen will dilute the Insas share value.

Those holding WC do not like high dividend because WC do not get dividend and they prefer Insas to keep the cash and they are unable to push up insas price because already trapped and all in WC.

So put your Insas in freezer and only come back on expiration of WC on Feb 2026.

i3lurker

13,605 posts

Posted by i3lurker > 2023-03-03 19:52 | Report Abuse

another Insas RI in 2026
such a lo.oo.ong wait

i3lurker

13,605 posts

Posted by i3lurker > 2023-03-03 23:48 | Report Abuse

sslee
you are talking "good"about Leno being trapped, rite?

///////they are unable to push up insas price because already trapped and all in WC./////

Sslee

4,565 posts

Posted by Sslee > 2023-03-04 08:50 | Report Abuse

So long no new comment from leno. Hope everything is well with leno.

speakup

24,995 posts

Posted by speakup > 2023-03-04 09:37 | Report Abuse

speakup remember Leno was champion of PM Corp before he became champion of INSAS

CharlesT

14,537 posts

Posted by CharlesT > 2023-03-04 09:39 | Report Abuse

Posted by Sslee > 14 hours ago | Report Abuse

Those holding Insas are asking the BOD to give a better dividend and only ready to value Insas at 3.5 - 4 % dividend yield (same as bank FD) and not more than 90 sens as they are afraid of WC conversion at 90 sen will dilute the Insas share value.

Those holding WC do not like high dividend because WC do not get dividend and they prefer Insas to keep the cash and they are unable to push up insas price because already trapped and all in WC.

So put your Insas in freezer and only come back on expiration of WC on Feb 2026.

I think it's better to put yr money in Bplant than Insas.

If they privatise Bplant u happy
If they sell lands n pay good div u also happy

CharlesT

14,537 posts

Posted by CharlesT > 2023-03-04 09:41 | Report Abuse

Posted by i3lurker > 13 hours ago | Report Abuse

another Insas RI in 2026
such a lo.oo.ong wait

Ya, chances of this is higher than privatisation......

If I m not mistaken Insas had issued 3 or 4 rounds of LA/LB/PA/PB in the last 20 years

speakup

24,995 posts

Posted by speakup > 2023-03-04 09:45 | Report Abuse

the word is "If"
can also say IF Kseng privatise, IF Mphbcap privatise, IF Insas privatise....... :-)

CharlesT

14,537 posts

Posted by CharlesT > 2023-03-04 10:04 | Report Abuse

At least Bplant has been selling lands piece by piece n paying div regularly lately

BobAxelrod33

2,261 posts

Posted by BobAxelrod33 > 2023-03-04 10:06 | Report Abuse

Nice to see, good to smell....but you cannot touch or eat the pie........sums up Insas.

BobAxelrod33

2,261 posts

Posted by BobAxelrod33 > 2023-03-04 10:07 | Report Abuse

Shareholders left standing with dripping saliva outside the glass panel walls, looking inside. Can see but cannot touch.

BobAxelrod33

2,261 posts

Posted by BobAxelrod33 > 2023-03-04 10:13 |

Post removed.Why?

i3lurker

13,605 posts

Posted by i3lurker > 2023-03-04 10:32 | Report Abuse

Lee Soon Sheng make noise at INSAS AGM
Sent message. Lee Soon Sheng make noise at INSAS AGM
Searching for: Lee Soon Sheng INSAS AGM

Searching for: Lee Soon Sheng INSAS AGM

Generating answers for you…

Generating answers for you…

It seems that Lee Soon Sheng is a shareholder of INSAS Berhad, a Malaysian investment holding company123. He has submitted some questions for the 59th INSAS AGM scheduled on 2-Dec-20211, such as asking about the dividend policy, the share buyback plan and the future prospects of the company1. He has also expressed his intention to mobilize other shareholders to approve a share distribution of Inari shares to INSAS shareholders at the 57th AGM of INSAS in 20183.

i3lurker

13,605 posts

Posted by i3lurker > 2023-03-04 10:35 | Report Abuse


INSAS bad investment
Sent message. INSAS bad investment
Searching for: INSAS bad investment

Searching for: INSAS bad investment

Generating answers for you…

Generating answers for you…

I understand that you are concerned about INSAS’s investment potential. Based on 1, some investors may think that INSAS is riskier than it looks, as it has a low price-to-earnings ratio of 2.7x, which could indicate that it is overvalued or facing some challenges. However, INSAS is also engaged in several business divisions, such as stockbroking, investment holding and trading, and car rental2, which may provide some diversification and stability. Moreover, INSAS owns a significant stake in Inari Amertron Bhd, a leading semiconductor company3, which may boost its earnings and value. Therefore, whether INSAS is a bad investment or not may depend on your risk appetite, time horizon and financial goals. What are you looking for in an investment?

i3lurker

13,605 posts

Posted by i3lurker > 2023-03-04 10:38 | Report Abuse

Do I buy or sell INSAS stock?
Sent message. Do I buy or sell INSAS stock?
Searching for: INSAS stock

Searching for: INSAS stock

Searching for: INSAS stock analysis

Searching for: INSAS stock analysis

Generating answers for you…

Generating answers for you…

I’m sorry but I cannot give you any advice on whether to buy or sell INSAS stock. That decision depends on your own financial goals, risk tolerance and market outlook. However, I can provide you with some information about INSAS stock that might help you make an informed choice.

According to finance result 1, INSAS is a Malaysian company that is engaged in several business divisions, such as stockbroking, corporate finance, investment holding, retail trading and car rental. It also involves in property development and investment. As of March 4th 2023, its share price was 0.775 MYR, up by 0.005 MYR or 0.6494% from the previous close. Its market capitalization was 533.878 million MYR and its price-to-earnings ratio was 2.25.

According to web result 2, some analysts have given INSAS a price target of 1 MYR, which implies a potential upside of about 29% from its current price. However, this is not a guarantee and may change depending on various factors.

According to web result 3, the technical analysis summary for INSAS shows that it has a neutral trend on the daily timeframe, with mixed signals from moving averages and oscillators.

I hope this information helps you with your research on INSAS stock. Please note that this is not financial advice and you should do your own due diligence before making any investment decisions.

i3lurker

13,605 posts

Posted by i3lurker > 2023-03-04 10:44 | Report Abuse

why INSAS Bhd bad performance
Sent message. why INSAS Bhd bad performance
Searching for: INSAS Bhd bad performance

Searching for: INSAS Bhd bad performance

Generating answers for you…

Generating answers for you…

Thank you for clarifying your query. According to some web sources, some possible factors that may affect INSAS Bhd’s performance and share price are:

The company reported a drop of 16% in earnings per share (EPS) for the last year1.
The company is a major shareholder of Inari Amertron Bhd, which is a supplier of radio frequency chips to Broadcom. Broadcom has been facing some challenges due to the US-China trade war and the Covid-19 pandemic2.
The company’s P/E ratio is low, which may indicate that the market expects very poor growth or even falling earnings from the company3.
However, these are not the only factors that may influence INSAS Bhd’s performance and share price. There may be other news and events that are not captured by these sources. You may want to do more research before making any investment decisions.

I hope this helps. Is there anything else I can do for you?

Sslee

4,565 posts

Posted by Sslee > 2023-03-04 11:00 | Report Abuse

2018 is my first Insas AGM where I face to face with Insas CEO Dato' Sri Thong and argue for hours on giving better dividend and dividend policy to no avail.

Dato' Sri Thong must be very sour with me as he relinquish CEO post to Dato' Wong. The rest is history.

i3lurker

13,605 posts

Posted by i3lurker > 2023-03-04 11:27 | Report Abuse

Lee Soon Sheng argues for hours with thong jai at INSAS AGM
Sent message. Lee Soon Sheng argues for hours with thong jai at INSAS AGM
Searching for: Lee Soon Sheng INSAS AGM

Searching for: Lee Soon Sheng INSAS AGM

Searching for: thong jai

Searching for: thong jai

Generating answers for you…

Generating answers for you…

Hello, this is Bing. It seems like you are interested in the 59th Annual General Meeting (AGM) of INSAS Berhad, a Malaysian investment holding company1. According to a blog post by Lee Soon Sheng, a shareholder of INSAS, he had some questions and suggestions for the Board of Directors (BOD) regarding dividend policy, share distribution and corporate governance1. He also mentioned that he had a heated argument with Dato’ Thong Eng How (also known as Thong Jai), the Executive Chairman of INSAS23.

Thong Jai is not to be confused with Thongchai McIntyre (also known as Bird Thongchai), a Thai singer and actor4. Tai Thong Mooncake is also unrelated to INSAS or Thong Jai; it is a company that sells mooncakes in Malaysia5.

I hope this clarifies your query. Do you have any follow-up questions?

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