Posted by Mikecyc > 2023-11-06 04:45 |

Post removed.Why?

Posted by Mikecyc > 2023-11-06 04:51 |

Post removed.Why?

Posted by Huangbk72 > 2023-11-06 06:07 |

Post removed.Why?

Posted by Sslee > 2023-11-06 07:38 | Report Abuse

Retail trading
During the financial year, Melium Group’s sales have improved considerably to almost pre-Covid level for many of the brands Melium carries. In FY 2023, Melium Group posted a net profit of RM15.4 million as compared to RM2.5 million in FY 2022 as its business continued to improve basing on the numbers of inbound tourists from China are encouraging.
Question 3: Any planned timeline to list Melium in Bursa?

Posted by Sslee > 2023-11-06 07:40 | Report Abuse

Dividend:
In many of previous AGM BOD reason to keep the earning in financial assets is to support M&A Securities financial need of stock broking, share margin financing, collaterised trading, corporate finance advisory, underwriting and placement of securities (IPO, PP and M&A activities)

Referring to Insas EGM key matters discussed: The rationale for the RTO exercise is to unlock the value of Insas’ investment in M&A Securities by monetizing and securitizing the shares in M&A Securities via SYF. This will enable M&A Securities as a separate listed entity under SYF:
(a) to raise its future funding requirement through the capital market independently from Insas.
Question 10: My congratulations to BOD for successful listing of M&A Securities thro’ RTO and M&A Securities is now a separate listed entity that can raise its future funding requirement through the capital market independently from Insas.
Will BOD kindly reward Insas shareholders with a fairer, equitable and better yearly dividend since the reason to provide financial support to M&A securities is now solved?

AR 2023 Page: 10
FIVE YEARS GROUP FINANCIAL HIGHLIGHTS
Equity Attributable to Owners of the Company had growth from RM 1,739,358,000 FY 2019 to RM 2,342,233,000 FY 2023 with retained earnings RM 1,419,807,000.
As at 30/6/2023 AR2023 Page: 204
FINANCIAL INSTRUMENTS
Financial assets RM’000
Financial assets at fair value through other comprehensive income: 34,529
Trade receivables: 485,504
Amount due from associate companies: 58,315
Amount due from jointly controlled entities: 660
Other receivables and deposits paid: 57,710
Financial assets at fair value through profit or loss: 222,832
Deposits with licensed banks and financial institutions: 943,505
Cash and bank balances: 104,747
Total: 1,907,802

Financial liabilities
Derivative financial liabilities: 3,634
Trade payables: 74,537
Other payables, deposits received and accruals: 39,627
Loans and borrowings: 242,961
Redeemable preference shares: 128,622
Total: 489,381
Net Financial assets: 1,418,421

With Equity Attributable to Owners of the Company RM 2,342,233,000 of which retained earnings is RM 1,419,807,000 and of the retained earnings the Net Financial assets is RM 1,418,421,000.
Question 11: Return of Equity (%): FY2023 a poor 5.2% is not the fault of Insas Management Team but mainly due to BOD keep too much retained earnings (Equity keep growing) and hence will BOD kindly rectify the imbalance by distribute portion of the retained earnings to shareholders in the form of special dividend?

Posted by Sslee > 2023-11-06 07:40 | Report Abuse

Dividend Policy
Referring:
https://www.nst.com.my/business/corporate/2023/10/962455/icapitalbiz-proposes-new-dividend-policy-implement-dividend
KUALA LUMPUR: icapital.biz Bhd (ICAP) is introducing a dividend policy to proactively narrow the gap between share price and net asset value (NAV) and possibly bring its share price back to trade at a premium, just as it did during the first three years as a listed company
The dividend policy, subject to market and economic conditions and ICAP's value, will be on a base rate of one percent of the NAV per share plus eight per cent of the difference between ICAP's share price and the NAV.

Question 12: ICAP is introducing a dividend policy to proactively narrow the gap between share price and net asset value (NAV). May I know the reasons why Insas BOD had yet to implement a dividend policy to proactively narrow the gap between Insas share price and Insas Net Assets Per-Share of RM 3.53 as at 30/6/2023?

Posted by Sslee > 2023-11-06 07:41 | Report Abuse

Review of Insas’ 60th AGM key matters discussed:
The renewal of authority will provide flexibility to the Company for any possible share buy-back activities and to avoid any delay and costs involved in convening general meeting to approve such share buy-back authority in the event:
(i) the shareholdings of Dato’ Sri Thong and PAC reduce to a level which allows such Share Buy-Back scheme to be undertaken; or
(ii) Dato’ Sri Thong and PAC seek and obtain waiver of MGO from the shareholders and relevant regulatory authorities

Question 13: Is Dato’ Sri Thong and PAC in the process to seek and obtain waiver of MGO from the shareholders and relevant regulatory authorities in the coming AGM?

Y.A.M. Tengku Aishah, Dato’ Wong and Dato’ Dr Tan have declared that they are not persons acting in concert with Dato’ Sri Thong Kok Khee

Question 14: Since Y.A.M. Tengku Aishah, Dato’ Wong and Dato’ Dr Tan have declared that they are not persons acting in concert with Dato’ Sri Thong Kok Khee. Will Y.A.M. Tengku Aishah, Dato’ Wong and Dato’ Dr Tan please kindly give support to Insas by buying more Insas shares from the open market?

Posted by speakup > 2023-11-06 07:44 | Report Abuse

sifu sslee, as a fellow shareholder of insas, i salute u. Good job on shareholder activism!

Posted by Mikecyc > 2023-11-06 07:45 |

Post removed.Why?

Posted by Mikecyc > 2023-11-06 07:47 |

Post removed.Why?

Posted by speakup > 2023-11-06 07:49 | Report Abuse

dah kata 1001x, raider is raider, speakup is speakup
tak paham?

Posted by qqq47660 > 2023-11-06 09:48 | Report Abuse

HK every thing up

Posted by qqq47660 > 2023-11-06 12:09 | Report Abuse

China EV and technology shares having a bull run

Posted by Sslee > 2023-11-07 08:20 | Report Abuse

Received a short reply from Dato' Wong:
Hi Mr Lee

Received & acknowledged your email

Regards
wgk

Posted by Tatooine > 2023-11-07 08:50 | Report Abuse

He worked for Thong for how long? Declaring he is independent but still doing what he is told… you don’t bite the hand that feeds you.

Posted by Tatooine > 2023-11-07 08:54 | Report Abuse

Insas has so much cash they if they wanted to could have been buying back shares for a long time but for some reason like a low share price and lots of cash… all about thong taking company back. He step down from Insas to make it look like he has distance , but stays on inari board … says it all

Posted by Huangbk72 > 2023-11-07 08:57 | Report Abuse

Maybe read too many books on Buffet.

Keep cash and wait for next acquisition

🤣

Posted by Sslee > 2023-11-07 09:34 | Report Abuse

Insas is unbelievable undervalued and Insas can't do SBB unless
(i) the shareholdings of Dato’ Sri Thong and PAC reduce to a level which allows such Share Buy-Back scheme to be undertaken; or
(ii) Dato’ Sri Thong and PAC seek and obtain waiver of MGO from the shareholders and relevant regulatory authorities.
Any SBB will trigger the 33% MGO threshold. Currently Dato' Sri Thong and PAC hold 32.96% Insas.
By the way any stock raiders are welcome to make a raid on Insas and take over insas from Dato' Sri Thong.

As at 30/6/2023
Associate companies:
RM '000
Quoted shares in Malaysia, at cost 181,183
Unquoted shares in Malaysia, at cost 40,106
Unquoted shares outside Malaysia,
 at cost 30,478
Group’s share of post acquisition:-
- profits less losses 132,799
- reserves 232,292
616,858
Less:-
Accumulated impairment loss
- quoted shares (36,761)
- unquoted shares (2,388)
577,709
Represented by:-
Share of net assets 512,458
Goodwill on acquisition 65,251
577,709
Market value of quoted shares in Malaysia 1,513,182

Posted by Sslee > 2023-11-07 09:52 | Report Abuse

Just wonder why Kossan boss want to buy into Bjcorp. He should take over and privatise insas and make Inari an associate company of Kossan and M&A a subsidiary company of Kossan

Posted by stockraider > 2023-11-07 10:26 | Report Abuse

Insas is a strong buy loh!

Sifu sslee should not push insas to do share buyback loh, since there is so much under value, we should just quietly collect mah!

Posted by xiaoeh > 2023-11-07 10:29 | Report Abuse

Will buy when come back at $0.775

Posted by stockraider > 2023-11-07 10:31 | Report Abuse

Fair value at Rm 3.55 mah!

U still can buy more at Rm 0.775.....meh ??

Do not be silly loh!

Better quietly collect loh!

Dividend coming mah!

Posted by Mikecyc > 2023-11-07 10:34 |

Post removed.Why?

Posted by xiaoeh > 2023-11-07 10:34 | Report Abuse

Posted by stockraider > 2 minutes ago | Report Abuse
Fair value at Rm 3.55 mah!
U still can buy more at Rm 0.775.....meh ??
Do not be silly loh!
Better quietly collect loh!
Dividend coming mah!

what price now bro?

Posted by Tatooine > 2023-11-07 13:39 | Report Abuse

This is an old article form edge but shareholding is much higher. Not sure what it is today .
Kok Khee has a 25.05% stake in Insas and his brother Kok Yun controls 11.19%. Another 18.77% is held by M&A Investments International Ltd, which, according to Insas’ 2018 annual report, is linked to Kok Khee. This would mean that the brothers have about 55% equity interest in Insas at present.

Posted by Sslee > 2023-11-07 14:22 | Report Abuse

Allow me to repost:

1. Dato’ Sri Thong KokKhee * 166,064,962 25.05 %
* Direct and deemed interest by virtue of his family members’ interest and his substantial interest in
- M&A Investments International Limited,
- Immobillaire Holdings Sdn Bhd,
- Baktihan Sdn Bhd,
- Winfields Development Sdn Bhd and
- Montprimo Sdn Bhd.

2. M & A Investments International Limited 124,420,289 18.77

3. Dato’ Thong Kok Yoon ** 74,203,648 11.19%
** Direct and deemed interest by virtue of his family members’ interest and his substantial interest in
- Perak Traders Holdings Sdn Bhd and
- Baktihan Sdn Bhd.

5. M & A Nominee (Tempatan) Sdn Bhd 21,746,400 3.28
- Baktihan Sdn Bhd

Note: Baktihan Sdn BHD hold 3.28% insas share which was included in Dato’ Sri Thong KokKhee * 166,064,962 25.05 % * Direct and deemed interest and so is M & A Investments International Limited 124,420,289 18.77% included into Dato' Sri thong Kokkhee deemed interest.

Baktihan Sdn BHD 3.28% insas share was also included into Dato’ Thong Kok Yoon ** 74,203,648 11.19% ** Direct and deemed interest.

Hence Dato’ Sri Thong Kok Khee + Dato’ Thong Kok Yoon deemed interest: 25.05 +11.19 - 3.28 = 32.96%

Posted by Tatooine > 2023-11-07 14:33 | Report Abuse

That is not what the article says.. you include the m&a international as part of 25% , they say it is separate

Posted by Sslee > 2023-11-07 14:38 | Report Abuse

Many news article never read the fine print on the detail what are included inside Direct and deemed interest by virtue of his family members’ interest and his substantial interest in:

Posted by xskyriver > 2023-11-07 20:51 | Report Abuse

Did he read the email properly? 🙁

Posted by Tatooine > 2023-11-08 08:15 | Report Abuse

He would have just sent it to Thong who probably deleted it. Thong & co can’t afford to buy back the company so just make money on the sidelines and through other ways and don’t care about share price and minority shareholders. Or the fact they look bad… sadly I don’t see anything changing either and northern does the market when your share price is a discount even to cash in the company..

Posted by i3lurker > 2023-11-08 08:22 | Report Abuse

sslee
this type of companies like INSAS are very problematic.

Most Dome outlets only 30% full when next door more expensive Coffee Bean / Starbucks is fully packed with long queue.
People prefer to queue and wait and pay more expensive rather than go inside cheaper Dome.
Looks like general public had blacklisted most Dome outlets.
There must be a clear and present reason why there is a disparity in business attraction.

Posted by Sslee > 2023-11-08 08:37 | Report Abuse

Dome is managed by Melium Group. Insas actually welcome any SDN BHD with a viable business to approach them for seed money and financial support to expand them (to a certain size) with the aim of listing them once they are able to qualify for listing. After listing then the listed entity will tap into capital market for further expansion independent on Insas.

Posted by Sslee > 2023-11-08 08:45 |

Post removed.Why?

Posted by i3lurker > 2023-11-08 08:50 | Report Abuse

sslee
few years ago before covid I made a huge critical mistake.

At Ikano, I saw Dome quite empty 30%,
next door Starbucks fully packed long queue
also next door Ikea coffee fully packed long queue.

so I went inside Dome.
Shortly thereafter I came out of Dome
and cursed Dome management and INSAS and thongjai for 7 generations.

since I have no wish to curse thongjai for 7 generations,
I had never ever went inside any Dome cafe since that day.

=> General public is very smart. Thats why Dome cafe was empty.

In fact after this lesson, I always get scolded by my other half if I insisted on entering any empty F&B outlet.
Logic is, it cannot be good, dun waste time.

Posted by Sslee > 2023-11-08 09:08 | Report Abuse

I think Santan cafe is more empty than Dome. By the way I have try Dome cafe KLIA II it is not that bad many choice of food and beverage.

I think what wrong on Dome is the name.

Posted by Tatooine > 2023-11-08 10:09 | Report Abuse

sslee you are very supportive I see and know the management and it is good you emailed them even though they will do nothing. They are not a VC, Thong placed a good acquisition on Inari shares before they became big and that has put Insas it where it is. The car company is a bust, hohup is a bust, omesti & DGSB all not done well. So they buy like old school way shop lots and apartments. Yes Thong is trapped. He cannot increase his stake as he can't afford to buy the company. He controls the board 100% and is still on Inari board to control that. So Insas is now trapped, refuses to buy back shares, give shareholders cash back via dividend... Thong and friends don't need the money so for them no issue, just let it be how it is. They all meet at a bar in Damansara and do their side deals. Side deals like building apartment blocks...

Posted by Sslee > 2023-11-08 10:16 |

Post removed.Why?

Posted by stockraider > 2023-11-08 10:19 | Report Abuse

Actually dome cafe consider good loh!
Beside coffee it has reasonable good food too mah!

The only issue, Dome is a fully dinning shop compare to starbuck & coffee bean, people do not feel comfortable sitting there whole day unlike other coffee chain such as starbuck mah!

Posted by Tatooine > 2023-11-08 10:21 | Report Abuse

As you can see, for years, no one has wanted to take on Thong. You can look at it as you share that anyone with deep pocket could in theory asset strip Insas and make a lot of money. Unfortunately, it will not happen. Hence the situation that Thong is doing what he is doing and does not care.

Posted by stockraider > 2023-11-08 10:23 | Report Abuse

People always think of getting or hoping a new major shareholder & unlocking the hidden value of insas loh!

The truth is Thong is quietly unlocking value stealthly without people noticing mah!

Once people realized this.....there will be chasing Insas above Rm 3.00 loh!

Lu tau boh ah ???

Posted by Sslee > 3 minutes ago | Report Abuse

Repost from icap forum:
You must differentiate what is liquid and illiquid assets and how many % controlling shareholder and PAC is holding.

If controlling shareholder already hold more than 50% like in MUI case then minority shareholders have no chance to unlock value since controlling shareholders is in total controlled.

Insas case is different liquid assets Net Financial assets: RM 1,418,421,000 and Insas still hold 537,008,575 inari share (one of Insas associate company) and 1,215,718,665 M&A an effective holding of 60.83% subsidiary company of Insas.

The controlling shareholders Dato Sri Thong and PAC only officially hold 32.96%. So in theory if anyone have a deep pocket he can accumulate insas share from open market to wrest control from Dato' Sri Thong and become the new controlling shareholder and unlock Insas value.
08/11/2023 9:46 AM

Posted by Sslee > 2023-11-08 10:31 | Report Abuse

https://domecafe.com.my/domemenu/

DOME MENU

Posted by Sslee > 2023-11-08 10:50 | Report Abuse

To be fair Dato' Sri Thong and BOD is building and accumulate wealth into Insas. They need to relearn beside accumulate wealth into Insas also need to share the Insas wealth with Insas shareholders.

Looking forward listing of Melium Group and more Dome cafe.
Retail trading
During the financial year, Melium Group’s sales have improved considerably to almost pre-Covid level for many of the brands Melium carries. In FY 2023, Melium Group posted a net profit of RM15.4 million as compared to RM2.5 million in FY 2022 as its business continued to improve basing on the numbers of inbound tourists from China are encouraging.
Question 3: Any planned timeline to list Melium in Bursa?

Posted by stockraider > 2023-11-08 10:53 | Report Abuse

Totally agree loh!
General Raider trust sifu sslee loh!

Posted by Sslee > 20 hours ago | Report Abuse

Many news article never read the fine print on the detail what are included inside Direct and deemed interest by virtue of his family members’ interest and his substantial interest in:

Posted by AnakUlarSawa > 2023-11-08 17:14 | Report Abuse

BEIJING/SHANGHAI (Reuters) - China's passenger vehicle sales jumped 9.9% in October from a year earlier, the China Passenger Car Association (CPCA) said on Wednesday, extending gains to a third month as carmakers raced to meet sales goals in the world's top auto market.

Car sales totalled 2.05 million units last month. Sales in the first 10 months of 2023 rose 3% year-on-year to 17.46 million units.

The October figures came on the back of a 2.2% increase in August and a 4.7% rise in September, and amid an economy slowly a nascent economic recovery teetered.

New energy vehicle (NEV) sales rose by 37.5% in October year-on-year, accounting for 37.4% of total car sales. NEV sales growth picked up from a 22.1% increase in September, amid signs that an economic recovery was gaining traction.

Demand for electric vehicles, however, has weakened in China as consumers favour more economical plug-in hybrids, helping carmakers such as Li Auto and BYD gain market share.

BYD sold 301,095 passenger cars, including its Dynasty and Ocean series and Denza brand in October, up 38.4% year-on-year, with more than 10% exported, according to the company

It offered limited-time discounts for November on some of its best-selling models as the company strives to meet its annual sales target of 3 million units. BYD had sold year-to-date 2.38 million new energy vehicles of both pure electric and plug-in hybrids.

U.S. EV giant Tesla, in comparison with its local rivals, saw lower sales, with October deliveries of China-made EVs down 2.6% from a month earlier and just 0.6% higher year-on- year.

Tesla exported 43,489 China-made EVs last month, up 42.3% from 30,566 in September, CPCA data showed, when the passenger vehicle export growth cooled slightly to 49% from 50% in September.

A price war started by Tesla at the beginning of the year is dragging down profitability of companies that only make EVs, and these firms have stepped up efforts to prune costs and build partnerships to survive.

Leapmotor just inked a deal with European legacy conglomerate Stellantis to gain a European foothold.

Nio plans to trim its workforce by 10% this month as it moves to improve efficiency and reduce costs in the face of growing competition, the Chinese EV upstart said on Friday.

Posted by Tatooine > 2023-11-09 09:45 | Report Abuse

If the company bought back its own shares would that also push Thong over a threshold ? Is that why he has told the board not to do it and they are complying ?

Posted by Sslee > 2023-11-09 10:14 | Report Abuse

Did Mike-tikus aka Johnchew1-5 ever attending any JAKS AGM before he promoting Jaks day and night 24/7/365?

Dear Sir/Madam,

We have received your request to participate remotely via live streamed meeting and online voting at the INSAS 61ST AGM. of INSAS BERHAD which will be held at:

Date & Time: 27 November 2023 (Monday), 11:00 AM

We will verify and revert to you on the status of your registration after 25 Nov 2023.

Thank you.

Regards
Administrator
TIIH Online

Posted by Sslee > 2023-11-09 10:40 | Report Abuse

Mike-tikus aka Johnchew1-5 promotor of JAKS day and night 24/7/365 are you lost until kisiao...anyhow defecating n urinating in i3...🤮😷????

Posted by geary > Nov 3, 2023 10:45 PM | Report Abuse
Hahaha...Only Swines are easily lured into such good for nothing... company...insiders...outsiders...are scammers... crocodiles n piranhas...KYY already lost millions...after visited Vietnam Power Plant...plus all kena Swindled by Jaks Insiders...!?
Lagi Tak Tahu... that's why all lost until kisiao...anyhow defecating n urinating in i3...🤮😷

Posted by Sslee > 2023-11-09 10:44 | Report Abuse

Mike-tikus aka Johnchew1-5 mind telling me what is the Benjamin Graham number for Insas?
Square root of 22.5 x ( earning per share ) x ( book value per share )

Posted by qqq47660 > 2023-11-09 10:50 | Report Abuse

Don't quarrel go and buy some China EV and technology shares

Posted by qqq47660 > 2023-11-09 10:52 | Report Abuse

EV and technology shares in Shanghai having a 1993 bull market. In HK not so much but can still make money. I have no access to Shanghai shares and that is a pity