Sslee Sir, you are absolutely right. Gong Xi Fa Cai
Posted by Sslee > Feb 11, 2024 5:12 PM | Report Abuse Stockraider can't different what are bad borrowings and good borrowings that are used to expand business and generating more revenue and income.
Billion in cash if not used to expand business and generating more revenue and income is not good enough because it mean the company lack of ambition.
Sslee 3918 posts Posted by Sslee > Feb 11, 2024 5:19 PM | Report Abuse By the way associate companies of Insas is value at equity basic + goodwill. At equity level example if Inari ESOS at higher price than Inari NTA then Insas need to adjust the equity accounting as deemed disposal gain on associate company shares.
Sslee Sir, do you play Forex? That kate440 kuat promote Forex woh.
Posted by kate440 > Feb 11, 2024 5:26 PM | Report Abuse Dengan rasa syukur kepada takdir ilahi, Puan Melissa Valdez, dan dunia Forex kerana merangsang perubahan transformasi dalam hidup saya, membawa kepada perolehan dua rumah dan perniagaan yang berkembang maju. Hubungi beliau secara langsung di +1 978-566-1833 untuk maklumat lanjut.
Again alot of people has this misconception of "good loans" v "bad loans" loh! Thereotically, Good loans are loans taken for productive purpose that expand & grow the business such term loan to finance factory & business and working capital loh! Bad loans are taken for non productive purpose such as car loans, consumer loans, credit card loans etc!
The definition is so simplistic, why every year the banks have to take a charge of Rm billion & billion bad loans taken for productive purpose leh ? The answer is not simple loh! Billion & Billion of loans taken for productive also can failed mah!
The chief reasons whether the loans is productive it depend on circumstances...for example too much capacity, sudden fall in demand, unable to complete the project, business disputes, sudden collapse of the economy surely some cannot be forseen loh!
Thus a good management must ensure that loan taken must not be excessive & over the capacity of the co to service & in other words one should not overtrade loh!
For the bank a good loans is a loan taken & well service whether it is a productive or non productive loan mah!
One good example of Yinson is its over financing of its customers to tune of more than Rm 8 billion in terms of finance lease receivable loh! Why cannot the customer borrow from banks, which give so much lower interest compare to Yinson leh ? Surely this indicates inherent weakness to the business & the financial position of its customers loh!
In addition over trading may lead to the financial collapse of airasia in terms of huge funding for its excessive number of aircraft purchase loh!
Surely in the case of Yinson....why did it ,taken so much excessive loan to do so many Fpso project which most under WIP that is not generating any profit or cashflow yet leh ?
Can they see, just a minor weaknesses in the supply chain will cause the whole FPSO funding collapse leh ? Just look at SAPNRG at its height, no one dare to say any wrong of the Group which has capitalization Rm 34b, coincidently the same mkt cap of YTL POWER today loh!
Today Sapnrg collapse to mkt cap of Rm 1b, the collapse due to over trading & the same risk may apply to YTl Power too lo
Sapnrg collapse because of incompetent GLC mentality that keep borrowing and tendering for jobs without proper site and quantity survey. For sure these are receipt for disaster and one upon a time stockraider even rated Sapnrg as a national champion and in his top picks list.
CNY second day during day time you see several people desperately promoting Insas. These people don't have a life. CNY second day during day time they could only spend time promoting Insas, must be very lonely people.
These soorhaiiii naysayers talk nothing good in this insas thread loh! A good example is this kon mike loh.....what good did he says about Insas leh ??
U see pea brain like him can only talk kook but cannot contribute any quality discussion loh!
But Raider & gang remain optimistic on this insas just base on insas fundamental facts bought about 2m units of insas an average cost of rm 1.15 per units & now siting on an unrealized gain of Rm 130k just over less than 7 trading days loh!
Stop saying that Insas is a value trap loh....there nothing fundamental wrong with investing with deep margin of safety mah!
Simple common sense loh!
U pay Rm 1150 for a potential intrinsic value of Insas of Rm 6.00 mah!
How can u go wrong leh ???
So stop talking kook & just stick to the fundamental of insas mah!
THE TRUE FUNDAMENTAL STRENGTH OF INSAS & HOW TO CAPITALIZE ON IT MAH ?
Beside picking the right stock, u need a good strategy to manage your initial successful stock pick mah!
u think Insas is going to move up to Rm 1.50 to Rm 2.00 soon, & u know Insas should be worth at least Rm 4.33 base on Edge Tong conservative valuation n in which insas has huge margin of safety loh! There r better way loh!
What u should do is allocate substantial resources to insas in order to get rich safely & steadily loh!
The correct approach for insas are as follows loh!
1. Allocate substantial investable assets into insas, say u have Rm 1m.....u must invest at least 30% @ Rm 300k into Insas loh! 2. Allocate substantial of your future saving by investing insas more loh! For example U n your wife earn Rm 20k a month & u can save Rm 6k a mth...........thus u should invest in insas Rm 18k every 3 mths loh! Raider suggest this Rm 18k is a comparative smaller sum, thus u should allocate this savings fund just for investing in insas-w to maximise exposure loh!
Having done that, u will on the route of great wealth loh! But u must monitor Insas share price to ensure that u have adequate margin of safety loh....Raider suggest u stop putting more money into insas when it hit above Rm 3.20 mah! And u may consider sell a small % of insas slowly when it trade above Rm 3.80 loh!
The above r the right way of investing in insas & raider follower ahfah the queen of investment in Pasar Pudu adopt this method & gain substantial wealth without taking excessive risk loh!
Ahfah proudly tell his fellow vegetable sellers this loh!:
"I have make about Rm 200k profit just investing in insas & its warrant within 3 mths loh! Just imagine how much i need to sell vegetables, if i make rm 1 per kg from vegetable, that will be 200,000 kg or 200 tonnes loh!"
"Good share management & investment tech is very important if we want to accumulate substantial wealth sustainably & i would like to thank General Raider for that mah!"
What are the strong point investing insas in a nutshell leh ?
Very Good Observations by Raider good old friend Probability mah!
True mah.....Insas is cash rich with more than Rm 1 billion net cash, why Insas need to sell more M&A and Inari recently to raise significantly more cash leh ?
The answer is Thong will like to Use Insas as a vehicle to privatise the Group for the benefit Thong family to benefit his next generation loh!
Without the Strong forces from the mkt.....Thong will be able to privatise Insas at Rm 2.20 to Rm 3.00 compare to Insas intrinsic value of Rm 7.00 to Rm 8.00 loh!
Thus it is very important for insas shareholders to get the valuation of insas right mah!
Many prominent value investors value insas differently loh!
1. Sifu Sslee Target Rm 1.50. 2. Insas Eps 18.2 @ pe 12x = Rm 2.20. 3.Ahmoi the best friend of Ahfah in Pasar Pudu Rm 3.00. 4. Nta of insas exclude all the potential hidden gain Rm 3.56 5. Ahfah the investment queen in pasar Pudu Rm 3.90 to Rm 4.80 6. Tong Kooi Ong of Edge Rm 4.33 7. Leno Rm 6.00 and Rm60.00 8. General Raider Rm 7.00 to Rm 8.00
On what occasion should Insas be value at around Rm 7.00 to Rm 10.00 leh ?
When there is a hostile sizeable investors coming in loh!
Sizeable means investors willing to buy more than 20% of insas share & to be a business partner to Thong loh!
Who r the sizeable partner willing to fork up so much monies of more than Rm 250m just to buy 20% of insas leh ??
It should be a value investors who understand Insas type of business n a good fit is Edge Tong & his allies loh!
It could Raider & Gangs with support of Tycoon behind the scene supporting & financing the deals loh!
Base on raider & gang matrix , the big investors is accumulating big in insas at rm 1.26 and warrants Rm 0.45, the funds require purchase 20% exposure will be Rm 250m loh!
This work out to a cost of roughly Rm 1.80 per share compare to the potential intrinsic value of insas Rm 7.00 to Rm 10.00 loh!
Thus minority shareholders should expect big volume of insas will be traded everyday from rm 1.26 to rm 1.80 over the next 6 mths loh!
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!
" Insas strength is a very strong incubator of business loh!" Once people realized this.....there will be chasing Insas above Rm 3.00 loh!
If u do not have enough resources u can employed the tech below by investing using catalyst trigger method, this way u avoid holding & waiting for the stock for too long to rise loh! But u need to pay a higher price for the stock u wanted to buy loh!
WHAT ARE THE CATALYST FOR INSAS LEH ?
Beyond 6 mths after this insas should be flying from Rm 1.80 towards Rm 10.00 loh!
If u r concern & fear of the mkt...........u should bet very big on INSAS loh!
Do not missed this defensive profitable opportunity loh! Thus get ready to board the plane loh!
Posted by probability > 3 hours ago | Report Abuse
To all the young investors,
Insas one thing for sure, its value is way way higher than what market is pricing now....
But, all the available mechanism which can force the price to move to approach fair valuation as hinted by all sifus like KC Chong, OTB, TheEdge TKO, Sslee, Stockraider, Leno all....i guess will never come to fruition unless some human has the will to do so...
But, there is another natural mechanism...that is time
stockraider
31,453 posts
Posted by stockraider > 3 days ago | Report Abuse
If U fear too much u lose opportunity loh! U balance between fear v opportunity to capitalize on making money intelligently mah!
Simple natural common sense are require in order to deal with investment loh!
FUNDAMENTAL INVESTOR SHOULD ASK QUALITY QUESTION & DO NOT FEAR OR MISSED OUT ON OPPORTUNITY COMPLETELY LOH!
REMEMBER SHARE PRICE IS ALWAYS LINKED TO INTRINSIC VALUE OF INSAS MAH!
THE BIGGER THE MARGIN OF SAFETY THE SAFER U R WHEN U INVEST MAH!
Yes & No loh!
10 yrs ago insas Nta is roughly Rm 1.90 & its EPS is around 13.9 sen with share price 80 sen. Today Nta is Rm 3.56 & eps is 18 sen with share price Rm 1.20.
Surely a dumb fellow using warren buffet formula will had notice insas wealth has grown by rm 1.66 per share or about 16 sen pa over the 10 yrs loh!
And added back div about roughly 1.5 sen div pa avg your total cash generation from insas is about 17.5 sen pa mah!
If your IRR is 10% pa.....surely base earnings Insas should easily worth Rm 1.75 per share loh!
Remember in 2015, Inari only worth less than Rm 1 billion loh but today it is worth more than Rm 12B mah! Also we have not factor in the hidden reserve of Inari mark to mkt gain for insas holding of about rm 1.6b which is additional gain of rm 2.42 per share for insas loh!
Thus Insas shareholder funds plus Inari hidden reserve mark to mkt gain will contribute potential wealth of Rm 6.00 per share to insas loh!
Surely insas will worth much more than Rm 1.20 loh!
Posted by paperplane > 54 minutes ago | Report Abuse
insas FOREVER UNDERVALUED, IN FACT undervalue more than 10 years.....lol. what does it tell you then/
Posted by stockraider > 5 days ago | Report Abuse
This type of intelligent question is applicable when u want to buy Nestle at rm 120.00 per share, n its eps is rm 2.80 & nta is only Rm 3.00. U r trying to justify why u willing to pay so much more loh ?
In insas case u r paying only Rm 1.20 per share to buy a wealth of Rm 6.00 per share mah!
This an obvious no brainer....the answer is obvious loh!
Posted by KingKKK > 48 minutes ago | Report Abuse
Insas seems undervalued by net cash/NTA valuation but also need to ask these questions:
1. What is the future prospect? Can next year earnings grow substantially (my standard at least 10%)? 2. How about the free cash flow? Will it grow in the future? + Has it grown higher historically. 3. What is the management planning to do with the extra cash ... return to shareholder? Or invest in new growth busienss? Or invest in efficiency enhancement of existing business?
Again this is another simple natural common sense loh!
U need to act rationally without fear when your facts n fundamental are right mah!
IT IS QUITE NATURAL AFTER A GOOD UPSIDE LIKE IN THE CASE, THERE ALWAYS SOME CONSOLIDATION & PROFIT TAKING LOH!
EVERY CONSOLIDATION OF INSAS SHARE PRICE WILL MAKE IT STRONGER LOH!
Posted by stockraider > 5 days ago | Report Abuse
For a start raider n gang will be accumulating more insas & insas warrant very soon to make another round big gain on this stock mah!
It is no brainer when Tong Kooi Ong value insas mother at Rm 4.33 and board insas warrant at Rm 0.425 when the current latest share price of insas is at Rm 1.16 n warrant at rm 0.37 loh!
Big opportunity to buy more loh!
Remember this loh!
U need to focus on profit opportunity of insas mah!
In insas case u r paying only Rm 1.16 per share to buy a wealth of Rm 6.00 per share mah!
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.
Posted by stockraider > 3 days ago | Report Abuse
IT IS MUCH BETTER FOR INVESTORS TO JUST FOCUS ON 1 QUALITY UNDERVALUE STOCK STOCK LIKE INSAS THAN TO BE DISTRACTED BY 10 RUBBISH DEVIL STOCKS THAT HARM U LOH!
THUS PUT ALL YOUR ATTENTION, TENDER N CARE ON YOUR DARLING STOCK INSAS THAT IMPOSIBLE TO FAIL U BECOS OF SOLID FUNDAMENTAL MAH!
WHY DO U WANT TO LOOK FOR RUBBISH STOCKS BELOW WHEN U HAVE QUALITY UNDERVALUE INSAS WITH VERY DEEP MARGIN OF SAFETY, WHEN U CAN INVEST VERY VERY BIG WITHOUT FEAR LEH ?
Posted by stockraider > 2 weeks ago | Report Abuse
Lets put it this way loh!
Today we have almost 5 stocks today that had shown large limit down for the past 5 days loh! That are : 1. Rapid Rm 3.96 v highest rm 29.54 2 YNH Rm 1.22 v highest Rm 5,20 3. SCIB Rm 0.535 v Rm 1,20 4. Mercury Rm 0.455 v Rm 0.9 5. Imaspro Rm 1.23 v Rm 6.00
A simple financial check will indicates all these are not supported by strong fundamental financial matrix of namely NTA, PE, DIV, ROE, Growth despite had been goreng up sky high loh!
It finanally collapse loh!
If u compare all these 5 stocks...fundamental perform poorly v INSAS loh!
The the reasons why INSAS share has big upside and sustained at current high level, whereas the 5 loser stocks, Raider mentioned fell like 10 pins loh!
The current mkt run up are mainly supported by strong fundamental like Insas, Kseng & OSK that surge strongly beside having good earnings & good strong balance sheets, it has very good sustainable fundamental loh!
Investors are advise to be wary of high speculative stocks & peg their investment that can be supported by good margin of safety like very good pick insas mah!
FOR YOUR OWN FINANCIAL HEALTH & SAFETY OF YOUR FAMILY ALWAYS REMEMBER THIS LOH!
U R NOT INVESTING ALONE....BUT TOGETHER WITH YOUR FAMILY & THE NATION WELL BEING MAH!
THUS U MUST INVEST PRUDENTLY BUT YET MUST BE SMART & INTELLIGENTLY LOH!
INSAS DEEP UNDERVALUE IS OPPORTUNITY & NOT VALUE TRAP LOH!
DO NOT FALL TO THE PREY OF THE KON GAME...SAYING INSAS IS VALUE TRAP MAH!
THERE IS NO VALUE TRAP LOH!
TUKANG TILIK ADVICE IS VERY ACCURATE LOH!
AGAIN SIFU TUKANG TILIK ALREADY PREDICTED INSAS WILL SHOOT UP SKY HIGH MORE THAN 1 MTH AGO LOH!
THAT TIME INSAS WAS 80 SEN LOH!
RAIDER & GANG NEVER BLUFF U LOH!
WE JUST WANT U MAKE MONEY SAFELY MAH! Fyi Insas will be shooting up high high this coming 2024 new year....according to Raider sifu tukang telek loh!
Do not missed this wonderful opportunity loh!
ANOTHER GOOD CATALYST FOR INSAS PRICE UPSIDE IN THIS COMING CNY LOH! THIS IS BCOS CHOYSUN COMING N HE WILL BRING JOY & PROSPERITY TO ALL OF US, IF ONLY U HELP YOURSELF BY PICKING GOOD RIGHT GOOD QUALITY STOCK LIKE INSAS N AVOID RUBBISH STOCK PROMOTED BY KONMIKE LOH!
Investors of Insas hathaway can afford to only invest in 1 stock that is insas loh!
Why should they look elsewhere when all the insas fundamental numbers are so positive compelling base on share price of rm 1,21 leh ?
The Insas figures are as follows; 1. Insas net cash is rm 1.26 per share 2. insas net cash equivalent per share Rm 1.40 3. Insas nta per share is Rm 3.56 4. Insas RNAV per share after taken account of Inari & M&A is Rm 7.00 per share 5. Insas RNAV per share after taken account of its properties value Rm 9.00 per share. 6. Insas eps Rm 0.19 share. 7. Insas cash generation per share Rm 0.22 8. Insas div per share Rm 0.025 9. Insas Nta growth per share (base buffet measurement of growth} Rm 0.22 pa.
a.Notice that insas net cash equivalent of rm 1.40 exceed share price, that means u can buy whole insas & still collect additional Rm 0.19 cash per share on top of whole company. b. Based on NTA without any revaluation insas is worth Rm 3.56 per share. c. If u factor in Inari & M&A hidden reserve plus insas NTA , u will get Rm 7.00 per share. d. If u factor in { item c } plus other assets & revise property undervalue u get Rm 9.00 a share 5. Insas PE is 6.4x. 6. Insas cash generation per share is rm 0.22 giving u a yield of 18% pa. 7. Insas div yield is rm 0.025 per share or 2.1% pa. 8. Insas growth rate pa is 18%. Note this very powerful factor as insas cash generation is 18% pa and growth rate is 18% pa, that means all insas growth is back up by cash generation equivalent, this is a very powerful factor to the sustainability of cash flow and growth rate.
Conclusion: Having gone thru the financial strength of insas, can u find any other stocks more powerful than insas fundamentally at the current share price leh ? The answer is none loh!
Thus with insas so attractive fundamentally why should u sell insas & look to buy other stocks leh ? U should be buying more insas right now bcos of very big margin of safety loh!
remember u should not promote stock that u bought u buy insas, u can only promote ytlpower but that one also only allowed if the so call fellow who claim can predict top and bottom has bought ytlp if he does not hold ytlp, then others also cannot promote ytlp
Also other people got no life only he who work like dogs and fail to make into top 30 although self claim can predict top and bottom has life. REALLY? Laugh die u lor.
😂😂
Remember !
DO NOT GET TRAP IN INSAS. LATER CANNOT FLY ECONOMY CLASS NO MORE.
LOW DIVIDEND stock HIGH CASH company NO USEFUL nor USELESS DEBT Got too MUCH INARI and Billion of M&A shares
Somemore WC going to get EXPIRED in less than 2 years times LAST TIME WB expired worthless therefore WC also going to expire worthless. Not leno say one horr ... 60 plus dumb old man still working like dog in indon say one.
INSAS RM 60 RINGGIT IS KAMBENGGGGGGG AAAAAAAAAAAA !!
DO NOT FOLLOW LENO TRAP IN INSAS IF U TRAP WITH LENO LATER INSAS CRASH, U CANNOT LAUGH AT LENO OTHERS WILL LAUGH AT U, including LENO Because LENO already advise u
A Company Full of Cash own hundreds millions of Inari shares own billion of M&A shares
low dividend big angpow of FREE warrants every 5 years no useful nor useless debt massive understated book on cost properties
non-GLC, non-NGO, non-political associated run by very competent founder directors which are getting old and passing everything to their kids how competent are their kids - we don't know
business are running well with unsured mid term prospect but very good near term profit
Leno repeat DO NOT GET TRAP inside these kinds of COMPANY
Just sit back, eat popcorn, and watch how LENO got TRAP in INSAS Suffering so badly loss own job at 39 unemployed and cannot find job forever
Based on chart maximum insas can go is 1.20 if pass 1.20 also for temporary
stay still, dont move maybe cannot laugh now but tomorrow or even this afternoon u all can laughing rolling on the floor watching LENO got trap and suffer in INSAS
remember ALWAYS look at the Chart The Chart never Lie.
Posted by leno > Feb 13, 2024 11:44 AM | Report Abuse correct lor INSAS will come down to 0.865 or even lower even if it does not come down there is always other stock to buy
DO NOT GET TRAP in INSAS especially when INSAS is at "PEAK"
Always look at The Chart Trust The Chart The Chart never Lie.
Let's LENO got TRAP in INSAS ALONE.
😘😘
speakup 24370 posts Posted by speakup > Feb 13, 2024 12:52 PM | Report Abuse 😱 insas number 1 supporter issue sell call on insas?
Nasdaq down? thats normal. SAD 2nd week of February is traditionally known as the time for Seasonally Affected Disorder where millions of people in Northern Hemisphere including China are proudly depressed.
Posted by Balian de Ibelin > 4 minutes ago | Report Abuse
Nasdaq down? thats normal. SAD 2nd week of February is traditionally known as the time for Seasonally Affected Disorder where millions of people in Northern Hemisphere including China are proudly depressed.
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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....
Income
10,697 posts
Posted by Income > 2024-02-11 17:48 | Report Abuse
Sslee Sir, you are absolutely right.
Gong Xi Fa Cai
Posted by Sslee > Feb 11, 2024 5:12 PM | Report Abuse
Stockraider can't different what are bad borrowings and good borrowings that are used to expand business and generating more revenue and income.
Billion in cash if not used to expand business and generating more revenue and income is not good enough because it mean the company lack of ambition.
Sslee
3918 posts
Posted by Sslee > Feb 11, 2024 5:19 PM | Report Abuse
By the way associate companies of Insas is value at equity basic + goodwill. At equity level example if Inari ESOS at higher price than Inari NTA then Insas need to adjust the equity accounting as deemed disposal gain on associate company shares.