Malaysia ringgit is at 26 year weakness level against US$. While Malaysia economy grew 3.7% in 2024 vs Singapore at 1.1%, there is a silver lining.
Makes our export oriented machine economy more competitive. Semiconductors sector will benefit tremendously . Not to mention our Palm Oil, Oil & Gas, Tourism sectors all stand to gain very well.
Imports are costly but it discourages durable goods like EV cars, Overseas holidays and luxury goods. However, our imports primarily consists of Machineries needed to produce goods for exports like Semiconductor are one off painful purchases.
Weak ringgit are good for exporters like Inari, Uchitech (99% exports), MPI.
Be greedy when others are fearful. (Warren Buffett)
NOte: currencies cannot fall forever.
Source: Nikkei Asia, 2023, Malaysian ringgit wobbles in face of political uncertainty, China woes, visited site on 22 Feb 2024.
Sslee Sir, Please explain in simple words… because I don’t understand below…
(ii) All unexercised Warrants 2015/2020 rights remaining in the depositor’s CDS Account as at 5.00 p.m. on the Expiry Date will expire and all unexercised Warrants 2015/2020 will be debited from the respective depositor’s CDS Account on Wednesday, 26 February 2020.
Meaning, all unexercised Warrants will be taken out from depositor’s CDS Account if they still don’t want to convert to mother shares… is this the meaning??? Rugi lah if no money to convert to mother shares???
Debited from the respective depositor’s CDS Account mean taken out as oppose to credited mean put into respective depositor’s CDS Account
Details The Warrants will be constituted by the Deed Poll. The Warrants which are to be issued with the Rights RPS will immediately be detached from the Rights RPS upon issuance and allotment and will be traded separately on Bursa Securities.
Exercise price RMO.90 per Warrant. The exercise price and the number of Warrants in issue during the Exercise Period shall be subject to adjustments under circumstances prescribed in the Deed Poll and in accordance with the terms and provisions contained therein.
Exercise period The Warrants may be exercised at any time during the tenure of 5 years commencing from the issue date of the Warrants until 5.00 p.m. on the expiry date. If such expiry date is not a market day, then it shall be the market day immediately preceding the said nonmarket day. The rights attached to the Warrants which are not exercised during the Exercise Period will thereafter lapse.
Mode of Exercise The holder of Warrants is required to lodge an exercise form with our Company's Share Registrar/any other appointed agent, duly completed and signed together with payment of the exercise price for the Warrants, by banker's draft or cashier's order drawn on a bank in Malaysia.
Alternatively, holders of the Rights RPS who are also holders of the Warrants may surrender the Rights RPS held by them for cancellation at 100% of the issue price of the Rights RPS in lieu of the exercise price of the Warrants. The exercise of the Warrants by the Warrant holders who are also the Rights RPS holders will still require the exercise form to be lodged by the Warrant holders with our Company's Share Registrar or any other appointed agent, duly completed and signed but will not require any cash payment.
The difference between the exercise price of the Warrants (or the adjusted exercise price of the Warrants in accordance with the terms and provisions of the Deed Poll, as the case may be) and the issue price of the Rights RPS shall be repaid by our Company within 1 month from the date the Warrant holder exercising his Warrant, by way of cheque or such other method as our Board may specify.
Exercise Right Each Warrant entitles the registered Warrant holder to subscribe for 1 new Insas Share at the exercise price of the Warrants during the Exercise Period and shall be subject to adjustments under circumstances prescribed in the Deed Poll and in accordance with the terms and provisions contained therein
Adjustments in the exercise price and/or number of Warrants
Details The number and/or exercise price of the Warrants held by each Warrant holder may from time to time be adjusted in the event of any alteration to the share capital of our Company in accordance with the provisions as set out in the Deed Poll
Sslee Sifu, all unexercised Warrants will be taken out from depositor’s CDS Account if the warrant holder still don’t want to convert to mother shares… is this the meaning??? Rugi lah if no money to convert to mother shares???
Once you see the word warrants, you need to fill up a form within validity period before expiry. Warrants must always be exercised by physical signature or digital signature. Warrants are always useless after expiry.
Company has no right to reject any legal warrants exercise.
Posted by Balian de Ibelin > Feb 24, 2024 2:29 AM | Report Abuse
Once you see the word warrants, you need to fill up a form within validity period before expiry. Warrants must always be exercised by physical signature or digital signature. Warrants are always useless after expiry.
Company has no right to reject any legal warrants exercise.
warrants are never automatically converted.
Thank you Balian Sir, You have answered my questions.
Balian Sir, do you play forex. Is forex easier to make money than playing Bursa?
Posted by Josephjob > Feb 24, 2024 3:39 AM | Report Abuse
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Insas-WC. Date Open Range Close Change Volume 23/02/2024 0.395 0.375 - 0.40 0.38 -0.015 (3.80%) 3,906,700
Insas. Date Open Range Close Change Volume 23/02/2024 1.23 1.17 - 1.23 1.18 -0.04 (3.28%) 3,388,700
So yesterday Insas-WC trade at premium of 0.38 - (1.18 - 0.9) = RM 0.1
Since the rights attached to the Warrants which are not exercised during the Exercise Period will thereafter lapse. Mean all Insas-WC will become worthless after the maturity/expired date if not exercise.
Thus when near expired date Insas-WC will trade at discount. Meaning if mother share is at RM 1.00 then most likely Insas-WC will trade at RM 0.06
Those bought WC at 6 sen must have capital to pay insas 90 sen to convert Insas-WC to Insas. His cost is now 96 sen and hope when the new insas share credited into his CDS account the Insas price can still maintain at RM 1.00 so that he can make a profited of RM (1-0.96) = RM 0.04
Insas-WC. Date Open Range Close Change Volume 23/02/2024 0.395 0.375 - 0.40 0.38 -0.015 (3.80%) 3,906,700
Insas. Date Open Range Close Change Volume 23/02/2024 1.23 1.17 - 1.23 1.18 -0.04 (3.28%) 3,388,700
So yesterday Insas-WC trade at premium of 0.38 - (1.18 - 0.9) = RM 0.1
Since the rights attached to the Warrants which are not exercised during the Exercise Period will thereafter lapse. Mean all Insas-WC will become worthless after the maturity/expired date if not exercise.
Thus when near expired date Insas-WC will trade at discount. Meaning if mother share is at RM 1.00 then most likely Insas-WC will trade at RM 0.06
Those bought WC at 6 sen must have capital to pay insas 90 sen to convert Insas-WC to Insas. His cost is now 96 sen and hope when the new insas share credited into his CDS account the Insas price can still maintain at RM 1.00 so that he can make a profited of RM (1-0.96) = RM 0.04
Posted by leno > Feb 23, 2024 7:43 PM | Report Abuse it depends on type of warrants WC will automatically converted to mother share after 1 week of expiry no need to pay anything.
😘😘
My friendly advise to leno: Please consult your remisier or call up Ah Thong to explain to you on Insas-WC
RENOUNCEABLE RIGHTS ISSUE OF UP TO 132,604,152 NEW REDEEMABLE PREFERENCE SHARES ("RIGHTS RPS") IN INSAS TOGETHER WITH UP TO 331,510,380 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 RIGHTS RPS AND 5 WARRANTS FOR EVERY 10 EXISTING ORDINARY SHARES HELD BY THE ENTITLED SHAREHOLDERS, AT 5.00 P.M. ON 3 FEBRUARY 2021 AT AN ISSUE PRICE OF RM1.00 PER RIGHTS RPS ("RIGHTS ISSUE WITH WARRANTS")
Again allow me to explain Insas-PB is REDEEMABLE PREFERENCE SHARES mean at maturiry date Insas will pay you RM 1.00 to redeem back the Insas-PB.
Or: Alternatively, holders of the Rights RPS who are also holders of the Warrants may surrender the Rights RPS held by them for cancellation at 100% of the issue price of the Rights RPS in lieu of the exercise price of the Warrants. The exercise of the Warrants by the Warrant holders who are also the Rights RPS holders will still require the exercise form to be lodged by the Warrant holders with our Company's Share Registrar or any other appointed agent, duly completed and signed but will not require any cash payment.
The difference between the exercise price of the Warrants (or the adjusted exercise price of the Warrants in accordance with the terms and provisions of the Deed Poll, as the case may be) and the issue price of the Rights RPS shall be repaid by our Company within 1 month from the date the Warrant holder exercising his Warrant, by way of cheque or such other method as our Board may specify.
leno get trap for 15 fakking years from few thousands until become multiple millions and will soon left with few hundreds million do not FOLLOW leno okay
Is leno from few thousands Insas now become multiple millions WC and thought when WC expired, it will be automaticaly converted to multiple millions Insas?
Then hopefully he can sell multiple millions Insas and buy few hundreds million Insas-WD and when WD expired, it will automatically converted to hundreds million Insas?
Posted by Income > Feb 24, 2024 7:22 PM | Report Abuse Last night I dreamt This Stock will shoot up to Rm50. 💭 dream 😴 dream 💭 So how?
Thecontrarian already give you the answer. And remember to frame the one share that give you 50X
Posted by TheContrarian > Feb 23, 2024 11:19 AM | Report Abuse I will forever hold one share in Insas in case one day it goes to RM60, then I can say I sold it at RM60
IPO market in Malaysia to remain robust in 2024, especially for consumer, tech-related industries, says Deloitte Malaysia
The initial public offering (IPO) market in Malaysia is expected to remain robust in 2024, supported by a strong pipeline of offerings and healthy institutional and retail investors' appetites for companies with good growth propositions, particularly those in the consumer and tech or tech-related industries, according to Deloitte Malaysia.
Verdict: expect robust business year for M&A and thus add value to Insas.
Insas has cash as war chest of RM1 billion which it can easily subscribe via private placements if promising IPO or the Next INARI.
Tail winds for Insas.
Source: By Emir Zainul, 2023, theedgemalaysia.com Article dated: 16 Nov
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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....
leno
6,145 posts
Posted by leno > 2024-02-22 16:35 | Report Abuse
👍👍