With the lack of domestic catalysts ever since Budget 2014 was announced on Oct 25, investors would do well to look at smaller companies which were more “exciting and have newsflows,” noted an analyst.
In the same vein, one source pointed out a company that had been under the radar of investors lately – Insas Bhd.
Amid talk that the company was a potential takeover target of its major shareholder, Datuk Thong Kok Khee, the stock had been climbing in recent days to close at 80.5 sen yesterday, up two sen.
Insas, which runs a variety of businesses including stockbroking, property and technology, and has a market capitalisation of some RM530mil, has close to RM230mil in cash.
inari already went up 300% from 0.3x to 1.3x, hohup up more than 100% from 0.8X to 1.8X, insas holding both counters but went up so little, due to strong DJIA close, mon at least close 0.88-0.90, fri 1.00
yeah company wanted to buy back shares big time n what better way than to fiddle the numbers to get people like yungshen1 to sell on the cheap thinking things are bad.
slts, you may have looked from the wrong angle on Insas.
The value of Insas lies on its quality net asset per share which is much higher than its share price. Besides it is making profit from its business every year and generally with positive cash flow and free cash flow, meaning the cash is not likely to burn away.
good to see you here kcchongnz. i read your posts which are very informative but u have over 3k posts...have to really catch up !! your willingness to share knowledge is truly commendable :)
slts, if u are concern about this and that better don't take risk and grab 0.5% saving interest...always thinking so negative...7m losses ...then become 7 billion losses than pn 17...u can keep on thinking like this
sephiroth or kcchongnz, kindly advise me on US fed tapering or QE. Will it affect our KLSE? Since our index above 1800, new high. Will market crush & stocks fall bcos of US QE?
Sorry I do not understand Mandarin and as such do not know your name. However I will try to give you my take on what I see is happening currently...
The most recent economic info is that the money supply in US has increased but the velocity of money in circulation is on decreasing trend. As velocity of money in circulation decreases ...the risk of deflation is higher and Central Bankers in USA & in the major economies are terribly scared of Global deflation and will do whatever it takes to stave off deflation and the QE programmes were launched to stave off deflation. Without the QE programmes, the world would have already succumbed to global deflation long time ago...global stock markets would have crashed....many companies will go belly up...everyone will feel very poor suddenly...
These major central bankers are Keynesians and will act to keep interest rate to as low level as possible going forward although there maybe talks on possible FED tapering by certain FED committee members in the future due to the recent spike in latest employment figures.... but then again one swallow does not make a summer...the FED will rely on a host of information before deciding on the next step forward...and you are absolutely right in concluding that the immediate effect of FED tapering will lead to higher interest rates and possibly more outflow of funds back to USA unless of course the emerging markets increase domestic interest rates to incentivize and delay the outflow of foreign funds..
However higher interest rate on US Bonds may not be desired by the US right now ...and the central bankers main goal currently is to keep interest rates to a low level and for a long time...
For your info Janet Yellen, the incoming FED chief , has even broached the subject of Negative Interest rate on Cash deposits with US Banks ...just imagine where will the cash go to if this materialize when she becomes FED chief??
In the event of eventual FED tapering, the FED hopes that the spike in interest rate will be nominal...very minuscule amount...the unintended consequence of this FED tapering is the market may possibly desire much higher interest rate relative to the level which was desired by the FED...If that scenario happens the FED will launch QE unlimited to bring down the interest rate to the desired low level as the FED has the absolute power to do so...
There is a strong possibility that Chinese Renminbi may play a supporting role as a reserve currency in the future...the Chinese economy is now the second biggest economy in the world and the recent slowdown in China was supposedly engineered by the Chinese government...going forward the Chinese economy will grow at a much rapid rate relative to USA...If the renminbi somehow does play a supporting role as a reserve currency, the renminbi will appreciate relative to USD but I do not see that in the immediate future say in the next 3 to 4 months. Having said that ..on a long term basis..one may want to invest in the renminbi as it will appreciate significantly against the USD as China is a creditor nation whereas the USA is the biggest debtor nation...
The USA is the biggest debtor nation in this world and owes trillions of USD to China, Japan, Taiwan, S Korea etc... and still people want to buy USD!!! That is really amazing...
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....
gweilo
1,086 posts
Posted by gweilo > 2013-11-07 12:20 | Report Abuse
insas big swollen cash cow full of cream and honey