INSAS BHD
KLSE (MYR): INSAS (3379)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
0.775
Today's Change
0.00 (0.00%)
Day's Change
0.775 - 0.78
Trading Volume
46,800
Meeting
| Ann. Date | Date | Time | Type | Venue | View |
|---|
Discussions
40 people like this. Showing 50 of 30,818 comments
Why Insas issue 1Bil Insas shares to SYF at only 22¢ when share price of Insas is 78¢?
3 weeks ago
DISPOSAL OF THE ENTIRE ORDINARY SHARES AND REDEEMABLE CONVERTIBLE PREFERENCE SHARES IN M & A SECURITIES SDN BHD TO SYF RESOURCES BERHAD FOR A CONSIDERATION OF RM222,000,000 TO BE SATISFIED THROUGH THE ISSUANCE OF 1,009,090,909 NEW ORDINARY SHARES IN SYF AT AN ISSUE PRICE OF RM0.22 EACH
3 weeks ago
The proposed disposal of M&A which is essentially a backdoor listing of M&A via SYF will enable M&A to raise its corporate profile, its future equity and debt funding requirements through the financial and capital market independently from Insas Group, expand its customer base, attract new employees from the financial services industry, and to motivate and retain existing key management staff of M&A. Post completion, we envisage improvement in the financial performance of the combined SYF/M&A group.
Currently INSAS need to support working capital for M&A broking business and keep sufficient cash reserves for M&A provision of share margin financing facilities, corporate finance and structured financing corporate advisory services such as initial public offering, acquisitions and disposals, take-overs, capital fund raising exercise, transfer of listing, general corporate finance advisory as well as placement and underwriting services.
Post backdoor listing of M&A via SYF will enable M&A to raise its corporate profile, its future equity and debt funding requirements through the financial and capital market independently from Insas Group. Hence post RTO Insas should have more than enough free cash to reward shareholders with better dividends.
3 weeks ago
Ironic isn't it.
Capitala debt/share is higher than share price, Insas cash/share is higher than share price, but Capitala share price higher than Insas
Guess investors think capitala debts in rupiahs or Insas cash in rupiahs. LOL
2 weeks ago
cash per share rm1.10
but share price 77.5sen
means the whole company is virtually free
4 days ago
Sslee
THIRTY LARGEST WARRANTS HOLDERS
4. Public Nominees (Tempatan) Sdn Bhd: 18,759,000: 5.66%
- Pledged Securities Account for Lee Hock Leong (E-PDG/SAN)
who is this? your sibling?
4 days ago
Inari: 30-Jul-2021: Private Placement: 333,000,000: 3.100
So it is a strange world afterall where bankers invested RM 1,032 million for 333,000,000 inari share when they can just spend abt half that amount to get much much more.
4 days ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
Security LastPr PE DY% Divcts ROE ttm-marg
INSAS (Other Financials) 0.775 2.37 3.2 2.5 9.64 107.5
3 days ago
Philip ( buy what you understand)
Would you rather buy a car or the 3D picture of a car?
If you buy inari you get inari and all the rights that belong to inari.
If you buy insas all you get is a promise that the directors will do the right thing and give that share of inari to you.
But all you are really getting is insas selling inari shares to give you a measly dividend... and buying other stuff with it.
>>>>>>>
Sslee
Inari: 30-Jul-2021: Private Placement: 333,000,000: 3.100
So it is a strange world afterall where bankers invested RM 1,032 million for 333,000,000 inari share when they can just spend abt half that amount to get much much more.
1 day ago
Philip ( buy what you understand)
If this was true than sslee would be a very rich man when a billionaire comes around and pays that for insas.
But the question sslee will never tell you is why no one is "realizing" this value and paying for it and also why I cannot sell everything I have, borrow to the hilt, get my other partners involved and offer to buy 33% of insas.
Mr Lee will never be able to tell you why no real financier will buy insas, and why no bank is willing to borrow money to insas directors to take it private. D such a nice arbitrage, banks are blind?
No. They realise the same thing that any self respecting businessman will realise by now.
Even sslee is not willing to put his money where his mouth is, borrow to the hilt, buy insas and sell all inari shares to clear borrowings and make profit. Not is he willing to approach his boss on this clear "opportunity", use pt agro mas to buy over insas, take it private, sell all inari shares for double the profit and give a big gain to the boss.
>>>>>>
speakup
cash per share rm1.10
but share price 77.5sen
means the whole company is virtually free
1 day ago
Philip ( buy what you understand)
The logic "seems" simple. Get sslee boss to borrow 1 billion, buy over insas at rm1.4 per share and make everyone happy. They can then dismantle and sell liquid assets at rm4 total and still make almost triple the investment. Sslee can make out like a bandit with 5x or more profit from his base cost. He is happy. Boss is happy. Everyone is happy.
Why doesn't he do it? At the very least his boss and his other friends in Indonesia can buy over insas 5 times over, with spare change for coffee luak.
BUT WHY DOES SSLEE NOT DO THIS? Or anyone else in fact?
That's where the issues lie and I count the 9th year running where insas SEEMS severely undervalued.
If 10 years pass, and no one picks the beautiful girl from the ktv line-up, you know that she has problems.
1 day ago
Philip ( buy what you understand)
And here is another sad truth that all new investors need to learn.
29. Lee Soon Sheng 2,515,000 0.38%
Sslee is stuck. No one is willing to offer more for his shares. And worse, liquidity for insas is so bad that if he were to try to sell his entire position, he would have to ask a substantially lower price below quote, take a huge loss as he paid much higher for his shares, and worse he would have to sell over a longer period of time due to being a illiquid market.
So again, why would you want to buy insas when you can get the liquidity and demand by buying inari shares?
1 day ago
Good morning Philip.
First and foremost I worked for PT Musim Mas and not pt agro mas. I keep a professional relationship with my boss and we only talk on work/job related topics and not personal investment especially stock market investment.
I am happilly stuck in Insas and as I grow my investment portfolio I will happily collect more Insas.
1 day ago
By the way Kossan boss and Kossan already employed their cash into Bjcorp.
Perhaps you can introduce Harta Boss to me so that I can write in to him and recommend him to employ Harta cash into Insas for business diversification. I am sure Harta Boss will do much better than Dato Sri Thong in managing Insas.
1 day ago
Insas NTA of RM 3.39 as at 31/12/22 only valued the listed and unlisted associate companies at book value of RM 554,418,000
Posted by Philip ( buy what you understand) > Apr 1, 2023 7:30 AM | Report Abuse
Sorry net asset value of 3.39
1 day ago
I have no problem to buy Insas on the cheap but I cannot understand why some people do not like me giving my 2 cents based on the financial report why the stock like CapitalA, HRC, Pchem and etc is a bad buy now.
If they truly beleive in CapitalA HRC, Pchem and etc potential shouldn't they welcome me with both arm because of me they can accumulate more and more CapitalA, HRC, Pchem and etc at lower cost to them as what I have done in accumulating Insas untill I am now at 29 of the top 30 shareholder list.
So I welcome all to Insas to talk down Insas to 50 cents for me to collect again.
1 day ago
Haha no worries.. analyst said the back door Listing is beneficial to M&A only loh ..
How is Inari investment in China with China partner ? Any progress or …. Hahahaha
Need 3rd time to issue RI with WD or not .. to get money from shareholders to pay bridging loan ? So Cash Rich lah …
1 day ago
Ahyah no fair we talked down Insas, Sslee buy cheap cheap.
Sslee since I already helped you here… Sslee, you at least help me to talk down PChem for me to buy cheap cheap. Ok kah?
Posted by Sslee > 3 hours ago | Report Abuse
So I welcome all to Insas to talk down Insas to 50 cents for me to collect again.
1 day ago
Sslee, ICAP - ICAPITAL.BIZ BHD lot of NTA you can buy to become the top 30 of ICAP - ICAPITAL.BIZ BHD???
1 day ago
Haha S Lee earlier is chasing ppl out from Insas forum .. loss until get mad , thinking this is own by his gfather…
If down to 50 sen , cannot find him lah in Indonesia forest …
1 day ago
Haha if Insaf for 5 years .. ie til 2026 for the 3 rd round RI with Uptrend to 1.2 ? Or Lower below the PB ex price ….
Haha hope u r not Using Margin loh .. from avg cost 88.5 to above RM 1.00 …
Still remember yr Top 4 list …
1 day ago
Mikey, what's your problem is Sslee wishes to work doubly hard in Indonesia and bring back salary in USD to feed his children.???..Insas one of them..
1 day ago
At least Sslee is not spending any USD salary on his Ah Moi's family in Indonesia....bring back more USD for Insas.
1 day ago
PetChem MD and CEO Mohd Yusri Mohamed Yusof already said: We expect the first half of 2023 to be challenging, as we continue to face slow demand and higher costs due to inflation, particularly for our business in Europe and the US.
So just be patient and wait for next two quarter to collect Pchem.
On Malaysian operations, he added that the group achieved higher production and sales volumes, while the plant utilisation rate reached 100%, from 97% in 3QFY2022. However, margins were significantly compressed in 4QFY2022, as prices of all products declined due to lower global demand.
“Higher operational costs also added to the pressure. Despite the market volatility, PetChem achieved commendable full-year net earnings that we are able to distribute to our shareholders,” it said.
Mohd Yusri said the reopening of China and relaxation of its Covid Zero policy are positive for the chemicals sector, especially for polymers and olefins, which have seen a slight recovery in recent weeks.
"Nevertheless, we remain cautious, as prices of petrochemical products will continue to fluctuate.
“For example, prices of urea have unexpectedly declined sharply, despite the ongoing Russia-Ukraine war. We expect the first half of 2023 to be challenging, as we continue to face slow demand and higher costs due to inflation, particularly for our business in Europe and the US.”
1 day ago
Philip ( buy what you understand)
Still "severely" undervalued if related to NTA.
If we "unlock" insas and borrow 1 billion to buy out all outstanding shares of insas we can "earn" 2 billion to pay off all debt outstanding to bank and earn a cool billion for the effort.
After 9 years+, why is this not happening lee?
Could the world be so blind not to realise this obvious arbitrage?
Or simply like hrc there is far more than meets the eye.
The answer is yes.
>>>>>>
Sslee
Just for the record Insas was trade about RM 1.20 on Nov 2021
13 hours ago
Philip ( buy what you understand)
You have hit the nail on the head. If we look at icap, we can see exactly what is going on, as the "sslee" in that scenario which is city of London management fund which held a 14% ownership of icap ( far more than sslee), realised they also hit a brick wall in trying to unlock value. But since its recalcitrant "owner" tan teng boo is unwilling to reward investors but is willing to pay huge fees to himself for essentially putting money in fixed deposit, we can begin to understand the reason why insas is also suffering the same fate.
The goal in long term investment is to find owner-partners who treat
us as partners, not as money grabbing goblins.
>>>>>>
Income
Sslee, ICAP - ICAPITAL.BIZ BHD lot of NTA you can buy to become the top 30 of ICAP - ICAPITAL.BIZ BHD???
13 hours ago
I0 years ago in 2013 the NTA is only RM 1.54 and no inari yet and I would not considered Insas as value buy.
Today the BOD and Management must have done something right to grow NTA to RM 3.39 and still holding 537,008,575 Inari share. Just inari alone will contribute how much tax free dividend income?
12 hours ago
Capital A got a boss who knows Bollywood dance. Insas chinese boss just looking at his cash and assets everyday.
12 hours ago
Repost from Pchem forum.
Posted by Sslee > Apr 2, 2023 8:26 AM | Report Abuse X
According to Philip:
Pchem has 25% profit margins
50% of pchem revenues comes from urea or fertilizer. They have an ungodly gross margins on fertilizer.
Just wonder why quarter end 31th Dec 2022 NP Margin only a poor 1.23%?
50% of pchem revenues comes from urea and urea is now falling from USD1,000+ in May 2021 to USD 310 now. Not hard to see Pchem next 2 quarter result will be?
Philip ( buy what you understand)'s Portfolio: PHILIP FARMS TRACKED PORTFOLIO ON I3INVESTOR
Sep 11, 2022 7:26 PM | Report Abuse
Firstly. Pchem has 25% profit margins. Which is far more than every other comparable major petrochemical company.
Secondly 50% of pchem revenues comes from urea or fertilizer. They have an ungodly gross margins on fertilizer. Why?
Thirdly, neither basf, the Koreans, Japanese or the Americans have a major petrochemical processing center in South East Asia. Which means with the delay and difficulty and distance of transportation and logistics, the cheese stands alone.
Posted by Sslee > Apr 2, 2023 8:38 AM | Report Abuse X
By the way someone did not know of Jurong Island in Singapore.
Jurong Island is home to many companies such as LANXESS, Afton Chemical, BASF, BP, Celanese, Evonik, ExxonMobil, DuPont, Mitsui Chemicals, Chevron Oronite, Shell, Singapore Petroleum Company Singapore Refining Company, Stepan Company, Petrochemical Corporation of Singapore, The Polyolefin Company, Chevron Phillips, Mitsui Elastomer, Baker Hughes and Sumitomo
In 2021, the output from petrochemicals manufacturing amounted to 38.61 billion Singapore dollars. In that year, the value of total chemicals manufacturing output was 92.39 billion Singapore dollars.
Posted by Sslee > Apr 2, 2023 8:53 AM | Report Abuse X
Correction typo error.
Urea is now falling from USD1,000+ in April 2022 to USD 310 now.
Hope Philip will fully use his margin finance to buy more Pchem on the cheap.
10 hours ago
Professional performance isolation was already available by Sifu Fred Tam if you follow…
8 hours ago
Post a Comment
Featured Posts
[06 APR] Elliott Wave Analysis - An Accurate & Timely Forecasting Strategy
Looking for REITs with high returns? Check this out!
MQ Trader - Introduction to MQ Trader Affiliate Program
Trending Events
Apps
Top Articles
1
Koon Yew Yin's Blog
2
Stock Pick Contest Year 2023
3
Koon Yew Yin's Blog
PM Anwar’s visit to boost KL-Beijing strategic ties - Koon Yew Yin
4
Good Articles to Share
5
Good Articles to Share
6
Good Articles to Share
Climate change worse threat than Ukraine war, says Cambodian PM Hun Sen
7
Good Articles to Share
Oil settles 1% higher on Friday night thanks to tightening supplies, cooling US inflation
8
Good Articles to Share
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
stockraider
Time to pickup mah!
Can buy veli big mah!
3 weeks ago