INSAS BHD

KLSE (MYR): INSAS (3379)

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Last Price

1.01

Today's Change

0.00 (0.00%)

Day's Change

1.00 - 1.02

Trading Volume

490,100


44 people like this.

45,795 comment(s). Last comment by Tatooine 2 days ago

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-12 22:29 |

Post removed.Why?

xiaoeh

2,445 posts

Posted by xiaoeh > 2023-09-12 22:45 | Report Abuse

Adam khoo always said:
Wait for the girl come back
do not chase the girl

xiaoeh

2,445 posts

Posted by xiaoeh > 2023-09-12 22:47 | Report Abuse

if the girl don't want to come back
let her go

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-12 22:56 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-12 22:57 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-12 23:01 |

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xiaoeh

2,445 posts

Posted by xiaoeh > 2023-09-12 23:04 | Report Abuse

He is one of the stock genius like you i would say

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-12 23:04 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-12 23:05 |

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xiaoeh

2,445 posts

Posted by xiaoeh > 2023-09-12 23:09 | Report Abuse

Posted by UlarSawa > 2 minutes ago | Report Abuse
Adam khoo ask you to hold the saham for 20yrs. If SSLee hold Insas 20 yrs will it be like Microsoft ini macam kah. Haiyoh. Boleh?

He got both investing for long term and speculating for short term one.
Ofcoz he got big capital,
and ofcoz i don't really 100% follow his style by the way.
Most important thing is to know our own self and follow our own capability ofcoz.

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-12 23:10 |

Post removed.Why?

xiaoeh

2,445 posts

Posted by xiaoeh > 2023-09-12 23:11 | Report Abuse

Posted by UlarSawa > 3 minutes ago | Report Abuse
Ular only aim kfc leh. Not aim so big like him leh. Asalkan ada kfc ular very happy already leh. Haiyoh. Correct?

You are very humble

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-12 23:13 |

Post removed.Why?

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-09-12 23:27 | Report Abuse

YEAR .. DPS(SEN) .. EPS(SEN) .. YEPX
2009 .. 0 .. 0.34 .. 0.45
2010 .. 0 .. 5.72 .. 0.45
2011 .. 0 .. 11.99 .. 0.39
2012 .. 0 .. 1.5 .. 0.36
2013 .. 0.81 .. 7.62 .. 0.72
2014 .. 0.82 .. 19.88 .. 0.65
2015 .. 0.89 .. 12.25 .. 0.69
2016 .. 0.89 .. 10.41 .. 0.63
2017 .. 0.89 .. 22.2 .. 0.83
2018 .. 0.89 .. 14.61 .. 0.6
2019 .. 1.78 .. 11.77 .. 0.73
2020 .. 1.78 .. 1.99 .. 0.84
2021 .. 2 .. 23.99 .. 0.97
2022 .. 2.5 .. 12.69 .. 0.81


DPS, EPS and Year End Price are adjusted for capital changes
Total cumulative EPS 156.96
Total Cumulative DPS 13.25
DPO Ratio 8.4%
Insas

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-12 23:39 |

Post removed.Why?

Johnchew5

11,307 posts

Posted by Johnchew5 > 2023-09-12 23:54 |

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Sslee

5,913 posts

Posted by Sslee > 2023-09-13 07:05 | Report Abuse

Previously the reason given by the Board is Insas need a lot of cash to support M&A securities broking, adviser, placement agent and sponser for IPO, PP and Merge and Acquisition.

Now M&A securities already RTO SYF hence is now independent from Insas. Insas should be able to give better/fairer dividend.

i3lurker

13,816 posts

Posted by i3lurker > 2023-09-13 07:12 | Report Abuse

dream on
you got confused thinking their money is your money

bod is not confused; its their money

Felix888

3,364 posts

Posted by Felix888 > 2023-09-13 07:20 |

Post removed.Why?

Sslee

5,913 posts

Posted by Sslee > 2023-09-13 07:37 | Report Abuse

Good morning i3lurker,
What ever inside Insas is shareholders' money.
In theory you can spent 800 million to take over Insas and then use Insas cash to pay off your borrowing and all the rest of insas is yours for free.

Repost:
Is that sooooooo stupiiiiiiid someone cannot read nor understand what I posted on:
M&A Securities SDN BHD financial highlight: A 100% holding of Insas before RTO of SYF.

FYE 30 June
2019 2020 2021 2022
RM’000 RM’000 RM’000 RM’000
Revenue 26,314 36,978 68,906 48,541
Other items of income
15,791 18,646 33,291 28,900
Items of expense (33,353) (42,855) (77,420) (54,632)
PBT 8,752 12,769 24,777 22,809
PAT 6,552 9,172 18,764 17,916

Can anyone understand english kindly explain to sooooo stupiiiiiid why staff expense increase in 2021?

RI of Insas-PB with free Insas-WC is a way to reward shareholders. You can either sell your entitlement or subscribe for the RI
I subscribe for my RI entitlement with 10% excess application and later sold the WC for a 6 digit gain.

Someone is very jeleous I make 6 digit gain from the WC.
Recently bought back some WC because history will repeat again. In the past someone promote PA, and WC rocket pass PA. Now that someone day and night promote Jaks hence WC will/shall rocket pass Jaks soon.

去年同期脱售联号公司所有股权录得1亿3130万令吉一次性收益,托高了对比基数
One-off exceptional gain on deemed disposal of equity interest in associate companies of RM 131.3 million.
Do anyone know what is deemed disposal?

Associated co - Inari completed private placement of 10% share at RM 3.10, way above its NTA per share, & insas needs to account for its equity accounting (Inari) share of share capital/reserve increase of RM 131.3 million, purely accounting treatment in compliance with FRS. Non cash flow but increase in assets.
Balance sheet the non current asset associate companies value increase by RM 131.3 million.

Did someone know Jaks every year PP way below NTA?

Insas still hold 537,008,575 inari share (associate company) and
1,215,718,665 M&A an effective holding of 60.83% subsidiary company of Insas.
Know what is the market value of 537,008,575 inari share and 1,215,718,665 M&A share?
Know insas yearly dividend income from Inari alone?

Since when a car rental business in Singapore is profitable?
Someone must be smart to dispose capitalA for disposal gain before Covid-19 strike. Only dumb dumb hold Icapital TTB still holding capitalA before covid-19 untill now. Most likely TTB will still dumb dumb hold capitalA till suspension and delist

By the way Omesti is not an Associate company of insas: In balance sheet it is one of many equity investment held in current assets: Financial assets at fair value through profit or loss, as at 30/6/2023 that assets at mark to market value: RM 222,832,000

As at 30/06/2023
NAPS: RM 3.53
Deposits with licensed banks and financial institutions: RM 943,505,000
Cash and bank balances: RM 104,747,000
Total: RM 1,048,252,000
Less:
Cash and bank balance pledged: RM (2,376,000)
Fixed deposits pledged: RM (233,801,000)
Free Fixed deposits and cash and bank balance: RM 812,075,000

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-13 07:46 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-13 07:49 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-13 07:52 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-13 07:56 |

Post removed.Why?

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-09-13 08:01 | Report Abuse


Insas

MKT Capt (RM m) : 634.4
ENT Value (RM m) : 129.0


Hope its shareholders can unlock the value in Insas and benefit from it.

Johnchew5

11,307 posts

Posted by Johnchew5 > 2023-09-13 08:13 |

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Johnchew5

11,307 posts

Posted by Johnchew5 > 2023-09-13 08:14 | Report Abuse

3.) Why Insas keep selling Profitable business ( from AGM 2021 n AGM 2022 ) eg : Singapore business … then RTO M&A from 100 % holding to 53.7 % upon completion..



> > Current Insaf Dividend Yield is 3.05 % … after RTO M&A with 53.7 % .. will be more generous ke or Stingy ke ???

>> Hoho Latest Dividend Yield is reduced, 2.81 % …

Johnchew5

11,307 posts

Posted by Johnchew5 > 2023-09-13 08:22 | Report Abuse

Hoho why So Rush M&A equity Listed by RTO wow .. Back Door Listing wow , more than 20 years ago is popular lo …The 5 year’s financial results is So So only …


See >>
The Edge Malaysia
https://theedgemalaysia.com › node
Mercury Securities' IPO oversubscribed by 45 times
4 days ago — Mercury Securities' IPO comprised a public issue of 157.1 million new shares (17.59% of the enlarged issued shares of the company) and an offer ...

Johnchew5

11,307 posts

Posted by Johnchew5 > 2023-09-13 08:33 |

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stockraider

31,556 posts

Posted by stockraider > 2023-09-13 10:43 | Report Abuse

SPOT ON SIFU SSLEE ANALYSIS BELOW LOH!
SIFU SSLEE IS BECOMING MORE & MORE SKILLFUL IN HIS ANALYSIS MAH!

SSLEE IS A MAN OF INTEGRITY & FOLLOWING SSLEE IS SAFE MAH!

Posted by Sslee > 3 hours ago | Report Abuse

Good morning i3lurker,
What ever inside Insas is shareholders' money.
In theory you can spent 800 million to take over Insas and then use Insas cash to pay off your borrowing and all the rest of insas is yours for free.

Repost:
Is that sooooooo stupiiiiiiid someone cannot read nor understand what I posted on:
M&A Securities SDN BHD financial highlight: A 100% holding of Insas before RTO of SYF.

FYE 30 June
2019 2020 2021 2022
RM’000 RM’000 RM’000 RM’000
Revenue 26,314 36,978 68,906 48,541
Other items of income
15,791 18,646 33,291 28,900
Items of expense (33,353) (42,855) (77,420) (54,632)
PBT 8,752 12,769 24,777 22,809
PAT 6,552 9,172 18,764 17,916

Can anyone understand english kindly explain to sooooo stupiiiiiid why staff expense increase in 2021?

RI of Insas-PB with free Insas-WC is a way to reward shareholders. You can either sell your entitlement or subscribe for the RI
I subscribe for my RI entitlement with 10% excess application and later sold the WC for a 6 digit gain.

Someone is very jeleous I make 6 digit gain from the WC.
Recently bought back some WC because history will repeat again. In the past someone promote PA, and WC rocket pass PA. Now that someone day and night promote Jaks hence WC will/shall rocket pass Jaks soon.

去年同期脱售联号公司所有股权录得1亿3130万令吉一次性收益,托高了对比基数
One-off exceptional gain on deemed disposal of equity interest in associate companies of RM 131.3 million.
Do anyone know what is deemed disposal?

Associated co - Inari completed private placement of 10% share at RM 3.10, way above its NTA per share, & insas needs to account for its equity accounting (Inari) share of share capital/reserve increase of RM 131.3 million, purely accounting treatment in compliance with FRS. Non cash flow but increase in assets.
Balance sheet the non current asset associate companies value increase by RM 131.3 million.

Did someone know Jaks every year PP way below NTA?

Insas still hold 537,008,575 inari share (associate company) and
1,215,718,665 M&A an effective holding of 60.83% subsidiary company of Insas.
Know what is the market value of 537,008,575 inari share and 1,215,718,665 M&A share?
Know insas yearly dividend income from Inari alone?

Since when a car rental business in Singapore is profitable?
Someone must be smart to dispose capitalA for disposal gain before Covid-19 strike. Only dumb dumb hold Icapital TTB still holding capitalA before covid-19 untill now. Most likely TTB will still dumb dumb hold capitalA till suspension and delist

By the way Omesti is not an Associate company of insas: In balance sheet it is one of many equity investment held in current assets: Financial assets at fair value through profit or loss, as at 30/6/2023 that assets at mark to market value: RM 222,832,000

As at 30/06/2023
NAPS: RM 3.53
Deposits with licensed banks and financial institutions: RM 943,505,000
Cash and bank balances: RM 104,747,000
Total: RM 1,048,252,000
Less:
Cash and bank balance pledged: RM (2,376,000)
Fixed deposits pledged: RM (233,801,000)
Free Fixed deposits and cash and bank balance: RM 812,075,000

stockraider

31,556 posts

Posted by stockraider > 2023-09-13 11:05 | Report Abuse

WHAT TYPE OF RUBBISH THIS 3iii DISCLOSE ON INSAS VALUATION BASE ON ENTERPRISE VALUE LEH ?

THE CORRECT COMPUTATION OF INSAS ENTERPRISE ARE AS FOLLOWS LOH!

INSAS PROFIT B4 TAX.................. ................. RM 134.5M
ADD BACK FINANCIAL EXPENSE................ RM 18.8M
ADD BACK DEP & AMORTIZATION........... RM 9M
TOTAL EBIDTA................................................... RM 162.3M
ASSUME THEY REQUIRE A RETURN OF 12.5% PA......THUS THE FACTOR IS 8X LOH!

THUS ENTERPRISE VALUE FOR INSAS IS 162.3 X 8 = 1298.4M OR RM 1.87 PER SHARE LOH!

BY RIGHT....AFTER U HAVE DERIVE THE ENTERPRISE VALUE U NEED TO DEDUCT THE OUTSTANDING INSAS DEBTS & TO ADJUST FOR THE OUTSTANDING WARRANTS LOH!
BUT IN THIS CASE.....THIS IGNORED BCOS INSAS CASH EXCEEDS ITS OUTSTANDING DEBTS & THE WARRANT EXERCISE PRICE OF 90 SEN IS QUITE CLOSE TO THE SHARE PRICE MAH!
IN ADDITION WE HAVE NOT FACTOR IN....THE HIDDEN UNREALIZED GAIN OF INARI & M&A WHEN WE MARK TO MKT.

THUS INSAS ENTERPRISE VALUE OF RM 1.87 PER SHARE IS STILL HIGHLY UNDERVALUE BEARING IN MIND THE NTA IS RM 3.53 PER SHARE & TRADING AT A PE OF 5.2X LOH!

Insas very good investment at current price mah!

Lu tau boh ?


Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 hours ago | Report Abuse


Insas

MKT Capt (RM m) : 634.4
ENT Value (RM m) : 129.0

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-09-13 11:45 | Report Abuse

>>>>

Posted by stockraider > 37 minutes ago | Report Abuse

WHAT TYPE OF RUBBISH THIS 3iii DISCLOSE ON INSAS VALUATION BASE ON ENTERPRISE VALUE LEH ?

THE CORRECT COMPUTATION OF INSAS ENTERPRISE ARE AS FOLLOWS LOH!

>>>>

If only his pride is not in his way, raider would be a more intelligent person when he engages his cerebrum before his verbal diarrhoea.

Johnchew5

11,307 posts

Posted by Johnchew5 > 2023-09-13 11:59 |

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Johnchew5

11,307 posts

Posted by Johnchew5 > 2023-09-13 11:59 | Report Abuse

2) leno promoted Insaf since 2017 with “SURE “ reached RM 2 , RM 3 … oredi Diving into Klang River …



3) Stockraider promoted Insaf also since 2017 with blowing to reach RM 3 , RM 5 ….Diving into Sg Klang ..

Johnchew5

11,307 posts

Posted by Johnchew5 > 2023-09-13 12:01 |

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Johnchew5

11,307 posts

Posted by Johnchew5 > 2023-09-13 12:03 |

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Johnchew5

11,307 posts

Posted by Johnchew5 > 2023-09-13 12:04 |

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Johnchew5

11,307 posts

Posted by Johnchew5 > 2023-09-13 12:05 |

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Johnchew5

11,307 posts

Posted by Johnchew5 > 2023-09-13 12:06 |

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Johnchew5

11,307 posts

Posted by Johnchew5 > 2023-09-13 12:11 |

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Johnchew5

11,307 posts

Posted by Johnchew5 > 2023-09-13 15:19 |

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Johnchew5

11,307 posts

Posted by Johnchew5 > 2023-09-13 15:23 |

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Johnchew5

11,307 posts

Posted by Johnchew5 > 2023-09-13 15:33 |

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Johnchew5

11,307 posts

Posted by Johnchew5 > 2023-09-13 16:37 |

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Johnchew5

11,307 posts

Posted by Johnchew5 > 2023-09-13 16:39 |

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Income

10,697 posts

Posted by Income > 2023-09-13 19:40 | Report Abuse

Tiba tiba Prof 3i muncul hari ini. Good

qqq47660

8,894 posts

Posted by qqq47660 > 2023-09-13 21:01 | Report Abuse

Still no buy Tesla? Oil going above 100, battery price half in next 2 years

qqq47660

8,894 posts

Posted by qqq47660 > 2023-09-13 21:03 | Report Abuse

In next two years all companies in America bankrupt Tesla super profits then how?

qqq47660

8,894 posts

Posted by qqq47660 > 2023-09-13 21:04 | Report Abuse

EV god saw the future already

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-13 22:10 |

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