INSAS flied vigorously from 87.5 to std 3 n set it at 132. it's entering IM, Intermission now. it cld take 4 to 6 weeks to complete n hopefully it passed PTS with flying colors.
if YES, then EW Theory applies i.e. the BIG money equation of KLSE GWS stocks, MAJOR C = or > MAJOR A
NO n never abt INSAS. it has much bigger VALUE than its stock price #.
ytlpowr with insane $30 billion borrowing n has to desperately borrow another $15 to 20 bill more to do its Kulai DC n + green power plant in SIN. it flied non.stop from 72 on March 2023 to 420 now.,. i.e. a humongous $7 bill mkt cap then to $33 billion now as KLCI stock!
WE wish all cina tan sri go hyper crazzzy to taichow their stocks up n UP in this auspicious yr of 202 4...
Insas OWNS Inari Amertron and the Carrying Book Value is at RM565million even though the share price value it at RM1,671million with UNREALISE GAINS RM1,106 million
Insas Balance sheet is UNDERVALUED as accountants don’t care about share market prices.
Thus, for Insas to say it has BV of RM2,467million but has HIDDEN GEMS with UNREALISED PROFITS ie haven’t sell Inari and others.
Smart for Insas to sell and realised some profits while looking for other opportunities. Still a lot to go for Inari because Semiconductors are growing at >20% per annum to 2030 (see my earlier posting)
In P&L statement you record the share of profit of associate companies and that too will be taken out from operating cash flow.
Only dividend received from associate companies will be recorded in Cash flows from investing activities as dividend received
In Balance Sheet you only record equity accounting of associate companies and not the mark to market shares price of associate companies.
As at 30/9/2023 Insas Non-current assets Associate companies: RM 576,101,000 Note: The mark to market shares price of Inari alone is worth many time of equity accounting of associate companies RM 576,101,000
That is why when Berkshire owns 919million or 5.9% Apples shares which means US$3,660 million (5.9% x equities US$62,000 million)reflected in Berkshire’s Balance Sheet.
But the shares value on stock exchange is US$190 valuing it at current share price US$174,000 million.
For associate company, meaning companies that you have significant control over the Board of Directors decisions via Appointing your directors on Board, you aren’t allowed to MARK TO MARKET the associate share price
Quarter end 31/03/2024: In P&L statement other incomes will included Gain on disposal of associate company share (10 million Inari shares):RM Gain on disposal of subsidiary company shares (100 million M&A shares): RM
The 100 million M&A shares disposal is to increase bumiputra holding in M&A. A relationship building to further expand M&A into diversified financial services group.
In October 2023, M&A Equity has signed a Sale & Purchase Agreement to acquire 75% equity interest in Value Partners Asset Management Malaysia Sdn Bhd, a licensed fund management company in Malaysia for a total cash consideration of RM2.75 million. The proposed acquisition will provide opportunity for M&A Equity to add on to its stockbroking, corporate finance & related businesses of M&A Securities to become a full fledge financial services provider. The proposed acquisition is pending approval of the relevant regulatory authority
Stock [M&A]: M & A EQUITY HOLDINGS BERHAD Announcement Date 18-Jan-2024 Reference No CS2-16012024-00066 Substantial Shareholder's Particular: Name INSAS BERHAD Details of Changes: Currency - Date of Change Type Number of Shares 15-Jan-2024 Disposed 85,770,000 Registered Name Insas Plaza Sdn Bhd Nature of Interest Deemed Interest 15-Jan-2024 Disposed 14,230,000 Registered Name M & A Nominee (Asing) Sdn. Bhd. Montego Assets Limited Nature of Interest Deemed Interest Nature of Interest Deemed Interest Shares Ordinary Shares Reason Disposal of Equity Interest via Direct Business Transaction.
Total no of securities after change Direct (units) 1,009,090,909 Direct (%) 50.49 Indirect (units) 106,627,756 Indirect (%) 5.34 Total (units) 1,115,718,665 Total (%) 55.83 Date of Notice 18-Jan-2024
1. The poor - work & work. 2. The rich - exploit the poor. 3. The soldier - protects both. 4. The taxpayer - pays for all three. 5. The banker - robs all four. 6. The lawyer - misleads all five. 7. The doctor - bills all six. 8. The goons - scare all of seven. 9. The Politician - lives happily on account of all eight.
Capital Dynamics CEO Tan Teng Boo runs a closed end fund in Bursa. Before the Pandemic locked down, we were office building-mates haha as his office is 2 floors below mine in China Town Menara OneNation.
Pretty good delivery. Pay particular attention on Minute 3.34 on the <5 mins video.
Gives reasons for why be bullish on Bursa especially one sector.
Source: Capital Dynamics on Youtube, 2024, Why Now is the Right Time to Invest in Malaysia by Tan Teng Boo (2023 Investor Day), visited on 31 Jan 2024
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Posted by Mikecyc > 2024-01-31 16:17 |
Post removed.Why?