Insas at 1.20 is so deeply undervalued that at that price you are actually getting the Inari shares free. EPF and KWP have been throwing tons of money buying Inari when they and other funds should be buying Insas and getting Inari free.
Sslee Sir, from your words below, you have transformed into a savvy investor. Congratulations and good luck to you. May all huat this year.
Posted by Sslee > Jan 20, 2024 9:58 PM | Report Abuse
@WellnessAntiCancer, I already sold down 50% and by the time if I manage to sell at my TP of RM 1.50 then most likely the balance 33% is zero cost for me and I will keep this shares and see whether Insas can go up to stockraider TP of 3 and then leno TP of 6.
But if insas falls back to 85 sen I will buy again and ask for better dividend during AGM.
The reason I did not sell last time is because I do not know what to buy if I sold but nowsaday I am more confident on my stocks selection that give me better dividend and capital appreciation.
The best part is I can just keep spare cash in my trading account earning interest and at the same time opportunity to do my hit and run trading when opportunity present itself.
Sometime I just wonder why this Inari 10% PP purchasers spend RM1,032.3 million for 333 million inari shares. Shouldn't they spend the 1.0323 billion take over Insas then use Insas cash to pay off RM 1.032 billion and will still owned 532,008,575 inari shares and everything inside Insas?
On every measurable yardstick Insas is deeply undervalued or a deep value trapped. So in investing 1+1 can never equal to 2.
If one were to scrutinize the Annual Report, Ah Thong merely owns 25% , his brother 11% but together they own short of 33% (this is weird Maths due to double counting). The rest numbering over 21,900 shareholders own 67%. Among the 21,900 is Mr Sslee, myself and hundreds of forum participants, most who have gone MIA but resurfaced recently.
*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.
** 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.
Baktihan Sdn Bhd 21,746,400 3.28 Bahtihan is deemed interest of both Dato’ Sri Thong Kok Khee and Dato’ Thong Kok Yoon
I am having breakfast at a morning market and all I hear is people talking about the deeply undervalued Insas. Someone said Monday will go limit up, another day don't sell even limit order because it can go double limit up. Another said double limit up would take price to only RM2.02, Insas is worth RM3. Then another said RM3 still very cheap as foreign investors 2ill chase it up to RM6 as our ringgit so cheap today.
Invest in jaks like sorrrrhaiiii loh! Beside Jaks having huge borrowings, poor profit, no dividend & management taking advantage by issuing placement & huge discount at the expense of diluting minority shareholders loh!
This jaks has integrity & competence issue & it has loads of litigations issue mah!
Posted by Mikecyc > 2 hours ago | Report Abuse
Haha correction :
As I read thru , understand that Vietnam JV company , Jaks holding 30 % : Cash RM 200 million plus RM 400 million from “ Construction of “ the Power Plant Profits … Until today the investment is over RM 800 million .
Mikecyc
41,648 posts
Posted by Mikecyc > 1 hour ago | Report Abuse
1.) Vietnam Power Plant Share of Profit n Dividends :
2020 : RM 3.8 million
2021 : RM 140.7 million
2022 : RM 156.2 million , Dividend RM 70.0 million
2023 : 1QR = RM 28.326 M , 2QR = RM 32.312 M , 3QR = RM 35.862 M
___
Jaks Annual Revenue and Net Profit / ( Loss ) :
1.) FYE2020 : RM 259.4 million with Loss ( RM 80.5 Million. )
2.) FYE2021 : RM 109.7 million with Net Profit RM 51.9 million.
3.) FYE 2022 : RM 89.8 million with Net Profit RM 53.5 million.
4.) FYE 2023 : 1st Half Revenue RM 17.47 million with Net Profit RM 33.19 million.
>>👉 1QR is Profit RM 14.08 million , 2QR is Profit RM 19.11 million , 3QR is Rm 7.15 million…
Sometime I just wonder why this Inari 10% PP purchasers spend RM1,032.3 million for 333 million inari shares. Shouldn't they spend the 1.0323 billion take over Insas then use Insas cash to pay off RM 1.032 billion and will still owned 532,008,575 inari shares and everything inside Insas?
On every measurable yardstick Insas is deeply undervalued or a deep value trapped. So in investing 1+1 can never equal to 2.
Market demand and supply. Corporate restructures will find Insas increasing attractively as it is sitting on cash reserves RM1.37 or RM950mil over and above its WHOLE market value at RM825mil
Screaming buy. Thong knows his 32.9% is still short of 50% simple majority control. He is likely to have proxies to hold shares on his behalf, legal although not exactly ethical.
How would you like to buy a landed home for RM825k that comes with RM950k cash?
The upside vs downside potential is 4:1.
Disclosure: I own Insas and Insas WC and may continue to accumulate.
Standard Chartered Bank Malaysia Berhad (Wealth Management) (Asing) owns 2,683,300 shares
Dimensional Emerging Markets Value Fund owns 2,500,000 shares.
2022 TOP 30 shareholders naming Fund Managers = NIL.
That explains why the shares are rising with now in 2023 fund managers have accumulated almost 10 million shares.
Many fund managers are allowed to invest provided the market cap is above RM750mil. At current valuation, expect more fund managers interests to start pouring in
Remember, stocks are like pendulum swings. It will rise above the fair value, way above in which you can dispose at large gains - very large.
Dumb people will never learn. Slow learner learn very slow. 10 fakking years write long long letter with same result still cannot figure out why always blame other people
Give u so many clues and tips but still blur blur
Last time even write letter asking ah thong dont give free warrants i almost buy ticket fly to indon to slap his fakking head
Insas cannot increase dividend because this has negative effect to insas preference share holders. Preferrence share holders are insas loyal customers.
whereas Insas shareholder is greedy people once share price go up, they will sell off insas make profit and continue to badmouth insas as usual hoping to buy back at low price mar.
Insas will give big ang pow every 5 years we are talking about VERY VERY BIG ANG POW !! Which has made me a millionaire at 30+ years old a multimillionaire at 40+ and will be a multi-hundred-million at 50+
Time is ticking. Tik tok ,... tik tok .... tik tok ...
RM 6 RINGGIT is COMING !! INSAS CANTEEEEEEEEEEEEEEEEEEEEKKKK AAAAAAAAAAAAAAAA !!!
Insas cannot increase dividend because this has negative effect to insas preference share holders. Preferrence share holders are insas loyal customers????
Insas pay a fix interest of 3.8% to INSAS-PB holders (regardless of whether Insas make profit or lose) and at maturity will pay insas-PB RM1.00 to redeem the PB.
I already sold all the INSAS-PB. Is leno still hold on to his/her INSAS-PB?
EPF is aggressively accumulating Inari which augurs well for Insas as it only adds profits via Mark to market. Expect >RM100mil profit report in Q4 2023 and Q1 2024.
That is PE R of 6x. can you find another one with this ultra low price and high value firm?
Both MPI and Inari have war chest of RM800M and RM1,800M to expand. MPI is more conservative and prepared to serve the existing orders-clients whereas Inari R&D are working with major clients esp Huawei (nicknamed as Apple of China)
Announced Date Change Type Shares Name 19 Jan 2024 16 Jan 2024 Acquired 267,700 EMPLOYEES PROVIDENT FUND BOARD 19 Jan 2024 18 Jan 2024 Acquired 211,300 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 19 Jan 2024 16 Jan 2024 Acquired 398,400 EMPLOYEES PROVIDENT FUND BOARD 19 Jan 2024 16 Jan 2024 Disposed 887,800 EMPLOYEES PROVIDENT FUND BOARD 18 Jan 2024 15 Jan 2024 Disposed 1,267,600 EMPLOYEES PROVIDENT FUND BOARD 18 Jan 2024 15 Jan 2024 Disposed 500,000 EMPLOYEES PROVIDENT FUND BOARD 17 Jan 2024 12 Jan 2024 Acquired 2,000,000 EMPLOYEES PROVIDENT FUND BOARD 17 Jan 2024 15 Jan 2024 Disposed 73,500 DATO' SRI THONG KOK KHEE 17 Jan 2024 12 Jan 2024 Disposed 97,300 EMPLOYEES PROVIDENT FUND BOARD 17 Jan 2024 12 Jan 2024 Disposed 926,500 INSAS BERHAD 17 Jan 2024 12 Jan 2024 Disposed 500,000 EMPLOYEES PROVIDENT FUND BOARD 17 Jan 2024 15 Jan 2024 Disposed 73,500 INSAS BERHAD 17 Jan 2024 12 Jan 2024 Acquired 1,000,000 EMPLOYEES PROVIDENT FUND BOARD 17 Jan 2024 12 Jan 2024 Disposed 926,500 INSAS TECHNOLOGY BERHAD 17 Jan 2024 16 Jan 2024 Disposed 1,000,000 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 17 Jan 2024 15 Jan 2024 Disposed 73,500 INSAS TECHNOLOGY BERHAD 17 Jan 2024 12 Jan 2024 Disposed 926,500 DATO' SRI THONG KOK KHEE 16 Jan 2024 11 Jan 2024 Disposed 700,000 EMPLOYEES PROVIDENT FUND BOARD 16 Jan 2024 11 Jan 2024 Disposed 250,000 EMPLOYEES PROVIDENT FUND BOARD 16 Jan 2024 11 Jan 2024 Disposed 2,000,000 INSAS BERHAD 16 Jan 2024 11 Jan 2024 Disposed 2,000,000 INSAS TECHNOLOGY BERHAD 16 Jan 2024 15 Jan 2024 Disposed 1,000,000 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 16 Jan 2024 11 Jan 2024 Disposed 2,000,000 DATO' SRI THONG KOK KHEE
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 312 views | 2 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!
MQ Trader 11544 views | 10 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main 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....
speakup
26,525 posts
Posted by speakup > 2024-01-21 08:11 | Report Abuse
i recommend Tenaga. TP rm11. but must be patient one. no fast money