Unfortunately Thong reputation ruined! Rumour he is the issue on the board and cause major shareholders to not agree. Hohup, Omesti and microlink all failing and he Apparantly is the centre. He even force his son on the board upsetting both Omesti and Microlink board. But he did not care and say his (insas) cash controls so they have no choice… all like how he runs Insas !
Price action doesnt lies .... just look at insas price action .. very bullish ... all these omesti hohup and microlink just want to distract your focus ... Inari up doesnt mean insas will up too same apply to others... omesti microln drop alot and doesnt mean insas have to FOLLOW ! just buy and hold insas stay quielty dont kacau operator .. dont contra ! sure make money !
Investment is booming. The Penang state attracted RM60.1bn ($12.8bn) in foreign direct investment in 2023, more than the total it received from 2013 to 2020 combined.
“It’s a rush. It’s not only Chinese companies [setting up in Penang]. It’s Korean, it’s Japanese, and it is western,” says Marcel Wismer, Kemikon’s chief executive. “And all of this is related to the tech war between the US and China.”
2nd Level Thinking : while the rising tide will raise all boats, choose semiconductors players that are established, cash chest to invest and supply to newcomers. SOme firms like Inari, MPI and GLobetronics are set to disproportionally benefit from the investment.
Source Malaysia: Invest Penang, 2024, The Surprise Winner from US-China Chip Wars. Article Date: Mar 11, 2024
Insas Board do not let Thong tell you you do this !!!! We will never see the money back. Microlink is not in a good financial place…. Microlink Solutions Bhd plans to raise up to RM89.37 million via a rights issue of redeemable preference shares (RPS) with detachable warrants to repay its bank borrowings and finance working capital. The issue will offer up to 89.37 million redeemable preference shares (RPS) at RM1 each, with 268.1 million free detachable warrants, on a basis of one RPS and three warrants for every 12 existing shares. The tenure of the RPS is five years and it has a dividend rate of 6% per annum based on the issue price. Microlink plans RM89 mil rights issue to finance debt repayment, working capital
Why worries, even cash rich insas when insas RPS and WC expired in 2026, Thong will also do another RPS with WD to replace the expired Insas-PB and Insas-WC.
Posted by Tatooine > Mar 16, 2024 7:30 AM | Report Abuse
Insas Board do not let Thong tell you you do this !!!! We will never see the money back. Microlink is not in a good financial place…. Microlink Solutions Bhd plans to raise up to RM89.37 million via a rights issue of redeemable preference shares (RPS) with detachable warrants to repay its bank borrowings and finance working capital. The issue will offer up to 89.37 million redeemable preference shares (RPS) at RM1 each, with 268.1 million free detachable warrants, on a basis of one RPS and three warrants for every 12 existing shares. The tenure of the RPS is five years and it has a dividend rate of 6% per annum based on the issue price. Microlink plans RM89 mil rights issue to finance debt repayment, working capital
Tatooine 68 posts Posted by Tatooine > Mar 16, 2024 7:33 AM | Report Abuse
Like hohup , omesti and other thong investments there are all out of cash. Microlink has no money to pay its debts and this will just get worse
Sslee 4308 posts Posted by Sslee > Mar 16, 2024 8:11 AM | Report Abuse
Why worries, even cash rich insas when insas RPS and WC expired in 2026, Thong will also do another RPS with WD to replace the expired Insas-PB and Insas-WC.
Patutlah insas can't go up. ED problems for lots of years already. No profits companies for long time must be closed...
Posted by Income > 2 minutes ago | Report Abuse Xiaoch sifu, you Jump into Swk River, Swk Croc s will eat you AS IT MEAL。 You dare to jump into Swak river???
no wori Income sifu there will never have crocs i think... river full of i3Lucker's pee and poo...
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@sslee , only is ok if company does lot go bankrupt. Hohup, omesti and microlink all not in good place. If you had confidence in management you would be a large shareholder still, it seems you already lost confidence hence you sold and I am sure made a good profit but still shows you don’t think insas share worth holding
When the time comes and at the right price MrSslee will buy back Insas, I will buy back, lots of smart people will buy back. Until such time we will just wait patiently.
I will start to accumulate Insas again if Insas fall below 90 sen. By the end of 2026 I will have million Insas and waiting for another RPS with free warrants.
By 2027 I will sell the RPS and WD to buy Insas and year 2027 annual report I shall return to the top 30 shareholders list.
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Posted by Tatooine > 2024-03-14 13:35 | Report Abuse
Unfortunately Thong reputation ruined! Rumour he is the issue on the board and cause major shareholders to not agree. Hohup, Omesti and microlink all failing and he Apparantly is the centre. He even force his son on the board upsetting both Omesti and Microlink board. But he did not care and say his (insas) cash controls so they have no choice… all like how he runs Insas !