Highlights
KLSE: INSAS (3379)       INSAS BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
1.00   -0.03 (2.91%)  1.00 - 1.03  2,036,500
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Financials


Market Cap: 693 Million

Market Cap 693 Million
NOSH 693 Million

Latest Audited Result:  30-Jun-2023

Latest Audited Result: 30-Jun-2023
Announcement Date 27-Oct-2023
Next Audited Result: 30-Jun-2024
Est. Ann. Date: 27-Oct-2024
Est. Ann. Due Date: 27-Dec-2024

Latest Quarter:  31-Dec-2023 [#2]

Latest Quarter: 31-Dec-2023 [#2]
Announcement Date 26-Feb-2024
Next Quarter: 31-Mar-2024
Est. Ann. Date: 25-May-2024
Est. Ann. Due Date: 30-May-2024
QoQ | YoY   20.99%  |    -49.90%

Annual (Unaudited) ( EPS: 17.70, P/E: 5.65 )

Revenue | NP to SH 216,835  |  122,739
RPS | P/RPS 31.27 Cent  |  3.20
EPS | P/E | EY 17.70 Cent  |  5.65  |  17.70%
DPS | DY | Payout % 2.39 Cent  |  2.39%  |  13.50%
NAPS | P/NAPS 3.38  |  0.30
YoY   -42.93%
NP Margin | ROE 55.96%  |  5.24%
F.Y. | Ann. Date 30-Jun-2023  |  30-Aug-2023

T4Q Result ( EPS: 14.72, P/E: 6.79 )

Revenue | NP to SH 195,030  |  102,073
RPS | P/RPS 28.13 Cent  |  3.56
EPS | P/E | EY 14.72 Cent  |  6.79  |  14.72%
DPS | DY | Payout % 2.39 Cent  |  2.39%  |  16.24%
NAPS | P/NAPS 3.41  |  0.29
QoQ | YoY   -18.92%  |    -54.96%
NP Margin | ROE 53.42%  |  4.31%
F.Y. | Ann. Date 31-Dec-2023  |  26-Feb-2024

Annualized Result ( EPS: 12.60, P/E: 7.93 )

Revenue | NP to SH 195,610  |  87,394
RPS | P/RPS 28.21 Cent  |  3.54
EPS | P/E | EY 12.60 Cent  |  7.93  |  12.60%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   10.50%  |    -32.11%
NP Margin | ROE 48.08%  |  3.69%
F.Y. | Ann. Date 31-Dec-2023  |  26-Feb-2024


Hints :
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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
30-Jun-2024 26-Feb-2024 31-Dec-2023 2 97,805 53,777 47,025 43,697 16,575 2,366,984 37.93% 48.08% 1.85% 663,021 14.75 14.11 6.59 6.30 2.50 2.39 3.5700 3.41   120.99%   -32.11% 29-Dec-2023 0.895 6.07 13.58 0.25 7.36% 2.79% 26-Feb-2024 1.19 8.07 18.06 0.33 5.54% 2.10%
30-Jun-2024 22-Nov-2023 30-Sep-2023 1 47,803 25,399 21,561 19,773 16,575 2,360,354 83.83% 45.10% 0.84% 663,021 7.21 6.89 2.98 2.85 2.50 2.39 3.5600 3.40   -83.89%   19.01% 29-Sep-2023 0.88 12.21 29.51 0.25 3.39% 2.84% 22-Nov-2023 0.89 12.34 29.84 0.25 3.35% 2.81%
30-Jun-2023 30-Aug-2023 30-Jun-2023 4 216,835 134,718 121,339 122,739 16,575 2,340,464 13.50% 55.96% 5.24% 663,021 32.70 31.27 18.51 17.70 2.50 2.39 3.5300 3.38   37.27%   -42.93% 30-Jun-2023 0.815 2.49 4.40 0.23 22.71% 3.07% 30-Aug-2023 0.87 2.66 4.70 0.25 21.28% 2.87%
30-Jun-2023 25-May-2023 31-Mar-2023 3 174,308 96,769 88,912 89,414 16,575 2,274,162 18.54% 51.01% 3.93% 663,021 26.29 25.14 13.49 12.90 2.50 2.39 3.4300 3.28   38.92%   2.40% 31-Mar-2023 0.775 2.95 5.75 0.23 17.40% 3.23% 25-May-2023 0.835 3.18 6.19 0.24 16.15% 2.99%
30-Jun-2023 24-Feb-2023 31-Dec-2022 2 119,610 70,936 64,174 64,363 16,575 2,247,641 25.75% 53.65% 2.86% 663,021 18.04 17.25 9.71 9.28 2.50 2.39 3.3900 3.24   287.38%   21.94% 30-Dec-2022 0.805 4.46 8.29 0.24 12.06% 3.11% 24-Feb-2023 0.77 4.27 7.93 0.23 12.61% 3.25%
30-Jun-2023 24-Nov-2022 30-Sep-2022 1 62,215 19,805 16,391 16,615 16,575 2,221,120 99.76% 26.35% 0.75% 663,021 9.38 8.97 2.51 2.40 2.50 2.39 3.3500 3.20   -92.27%   -37.79% 30-Sep-2022 0.76 8.10 30.33 0.23 3.30% 3.29% 24-Nov-2022 0.79 8.42 31.52 0.24 3.17% 3.16%
30-Jun-2022 25-Aug-2022 30-Jun-2022 4 216,392 229,669 216,532 215,055 16,575 2,194,599 7.71% 100.06% 9.80% 663,021 32.64 31.21 32.44 31.02 2.50 2.39 3.3100 3.16   146.29%   -12.47% 30-Jun-2022 0.775 2.37 2.39 0.23 41.85% 3.23% 25-Aug-2022 0.79 2.42 2.44 0.24 41.06% 3.16%
30-Jun-2022 23-May-2022 31-Mar-2022 3 167,001 94,054 86,643 87,318 16,575 2,187,969 18.98% 51.88% 3.99% 663,021 25.19 24.08 13.17 12.59 2.50 2.39 3.3000 3.16   65.43%   -59.81% 31-Mar-2022 0.82 3.26 6.23 0.25 16.06% 3.05% 23-May-2022 0.795 3.16 6.04 0.24 16.57% 3.14%
30-Jun-2022 24-Feb-2022 31-Dec-2021 2 125,189 58,924 52,790 52,781 16,575 2,154,818 31.40% 42.17% 2.45% 663,021 18.88 18.05 7.96 7.61 2.50 2.39 3.2500 3.11   97.61%   -64.23% 31-Dec-2021 0.97 5.14 12.18 0.30 8.21% 2.58% 0.835 4.42 10.49 0.26 9.53% 2.99%
30-Jun-2022 23-Nov-2021 30-Sep-2021 1 64,063 30,633 26,667 26,710 16,575 2,141,557 62.06% 41.63% 1.25% 663,021 9.66 9.24 4.03 3.85 2.50 2.39 3.2300 3.09   -89.13%   -59.11% 30-Sep-2021 1.00 10.35 24.82 0.31 4.03% 2.50% 23-Nov-2021 1.14 11.80 28.30 0.35 3.53% 2.19%
30-Jun-2021 26-Aug-2021 30-Jun-2021 4 285,649 261,383 245,594 245,706 13,260 1,982,432 5.40% 85.98% 12.39% 663,021 43.08 41.20 37.06 35.44 2.00 1.91 2.9900 2.86   13.09%   1,554.70% 30-Jun-2021 0.875 2.03 2.36 0.29 42.35% 2.29% 26-Aug-2021 0.98 2.27 2.64 0.33 37.81% 2.04%
30-Jun-2021 27-May-2021 31-Mar-2021 3 241,404 232,519 217,281 217,259 13,260 1,962,542 6.10% 90.01% 11.07% 663,021 36.41 34.82 32.77 31.33 2.00 1.91 2.9600 2.83   47.25%   9,077.65% 31-Mar-2021 0.845 2.32 2.58 0.29 38.78% 2.37% 27-May-2021 0.80 2.20 2.44 0.27 40.96% 2.50%
30-Jun-2021 24-Feb-2021 31-Dec-2020 2 91,988 159,030 147,613 147,540 13,260 1,876,349 8.99% 160.47% 7.86% 663,021 13.87 13.27 22.25 21.28 2.00 1.91 2.8300 2.71   125.89%   200.71% 31-Dec-2020 0.94 6.78 4.22 0.33 23.67% 2.13% 24-Feb-2021 0.915 6.60 4.11 0.32 24.32% 2.19%
30-Jun-2021 24-Nov-2020 30-Sep-2020 1 54,372 72,537 65,344 65,315 13,260 1,810,047 20.30% 120.18% 3.61% 663,021 8.20 7.84 9.85 9.42 2.00 1.91 2.7300 2.61   339.86%   265.77% 30-Sep-2020 0.765 9.33 7.77 0.28 12.88% 2.61% 24-Nov-2020 0.805 9.82 8.17 0.29 12.24% 2.48%
30-Jun-2020 27-Aug-2020 30-Jun-2020 4 197,459 25,193 15,019 14,849 13,260 1,750,354 89.30% 7.61% 0.85% 663,013 29.78 28.48 2.24 2.14 2.00 1.91 2.6400 2.52   713.60%   -81.86% 30-Jun-2020 0.64 2.15 28.58 0.24 3.50% 3.13% 27-Aug-2020 0.855 2.87 38.18 0.32 2.62% 2.34%
30-Jun-2020 21-May-2020 31-Mar-2020 3 147,876 5,128 -2,165 -2,420 13,260 1,737,093 - % -1.46% -0.14% 663,013 22.30 21.33 -0.36 -0.35 2.00 1.91 2.6200 2.51   -104.93%   -103.79% 31-Mar-2020 0.49 2.20 -134.25 0.19 -0.74% 4.08% 21-May-2020 0.64 2.87 -175.34 0.24 -0.57% 3.13%
30-Jun-2020 25-Feb-2020 31-Dec-2019 2 85,235 54,813 49,328 49,064 13,260 1,776,858 27.03% 57.87% 2.76% 663,007 12.86 12.29 7.40 7.08 2.00 1.91 2.6800 2.56   174.76%   38.74% 31-Dec-2019 0.815 6.34 11.01 0.30 9.08% 2.45% 25-Feb-2020 0.845 6.57 11.42 0.32 8.76% 2.37%
30-Jun-2020 26-Nov-2019 30-Sep-2019 1 39,179 21,283 17,893 17,857 13,260 1,756,968 74.26% 45.67% 1.02% 663,007 5.91 5.65 2.69 2.58 2.00 1.91 2.6500 2.53   -78.18%   -32.95% 30-Sep-2019 0.82 13.88 30.45 0.31 3.28% 2.44% 26-Nov-2019 0.845 14.30 31.37 0.32 3.19% 2.37%
30-Jun-2019 28-Aug-2019 30-Jun-2019 4 212,177 93,370 82,158 81,855 13,260 1,737,078 16.20% 38.72% 4.71% 663,007 32.00 30.60 12.35 11.81 2.00 1.91 2.6200 2.51   28.08%   -9.57% 28-Jun-2019 0.755 2.36 6.12 0.29 16.35% 2.65% 28-Aug-2019 0.785 2.45 6.36 0.30 15.73% 2.55%
30-Jun-2019 23-May-2019 31-Mar-2019 3 133,956 70,101 64,192 63,907 13,260 1,717,188 20.75% 47.92% 3.72% 663,007 20.20 19.32 9.64 9.22 2.00 1.91 2.5900 2.48   80.71%   -23.54% 29-Mar-2019 0.76 3.76 7.88 0.29 12.68% 2.63% 23-May-2019 0.70 3.46 7.26 0.27 13.77% 2.86%
30-Jun-2019 21-Feb-2019 31-Dec-2018 2 96,835 39,458 35,547 35,364 13,260 1,684,037 37.50% 36.71% 2.10% 663,007 14.61 13.97 5.33 5.10 2.00 1.91 2.5400 2.43   32.79%   -53.25% 31-Dec-2018 0.675 4.62 12.65 0.27 7.90% 2.96% 21-Feb-2019 0.85 5.82 15.94 0.33 6.28% 2.35%
30-Jun-2019 26-Nov-2018 30-Sep-2018 1 40,688 28,790 26,644 26,632 13,260 1,684,037 49.79% 65.48% 1.58% 663,007 6.14 5.87 4.02 3.84 2.00 1.91 2.5400 2.43   -70.58%   -32.53% 28-Sep-2018 0.855 13.93 21.29 0.34 4.70% 2.34% 26-Nov-2018 0.71 11.57 17.68 0.28 5.66% 2.82%
30-Jun-2018 28-Aug-2018 30-Jun-2018 4 341,246 100,821 90,369 90,517 6,630 1,650,887 7.32% 26.48% 5.48% 663,007 51.47 49.21 13.65 13.05 1.00 0.96 2.4900 2.38   8.30%   -49.96% 29-Jun-2018 0.875 1.70 6.41 0.35 15.60% 1.14% 28-Aug-2018 0.875 1.70 6.41 0.35 15.60% 1.14%
30-Jun-2018 22-May-2018 31-Mar-2018 3 263,138 91,606 83,369 83,579 6,630 1,637,627 7.93% 31.68% 5.10% 663,007 39.69 37.95 12.61 12.05 1.00 0.96 2.4700 2.36   10.48%   -42.79% 30-Mar-2018 0.82 2.07 6.50 0.33 15.37% 1.22% 22-May-2018 0.875 2.20 6.94 0.35 14.41% 1.14%
30-Jun-2018 27-Feb-2018 31-Dec-2017 2 186,679 80,908 75,476 75,649 6,630 1,650,887 8.76% 40.43% 4.58% 663,007 28.16 26.92 11.41 10.91 1.00 0.96 2.4900 2.38   91.64%   -5.31% 29-Dec-2017 0.935 3.32 8.19 0.38 12.20% 1.07% 27-Feb-2018 0.93 3.30 8.15 0.37 12.27% 1.08%
30-Jun-2018 21-Nov-2017 30-Sep-2017 1 92,738 41,828 39,396 39,475 6,630 1,597,846 16.80% 42.48% 2.47% 663,007 13.99 13.37 5.95 5.69 1.00 0.96 2.4100 2.30   -78.18%   -32.62% 29-Sep-2017 0.985 7.04 16.54 0.41 6.04% 1.02% 21-Nov-2017 0.91 6.51 15.28 0.38 6.54% 1.10%
30-Jun-2017 22-Aug-2017 30-Jun-2017 4 347,945 189,360 180,511 180,888 6,630 1,551,436 3.67% 51.88% 11.66% 663,007 52.48 50.18 27.28 26.09 1.00 0.96 2.3400 2.24   23.81%   133.78% 30-Jun-2017 1.07 2.04 3.92 0.46 25.50% 0.93% 22-Aug-2017 1.00 1.91 3.67 0.43 27.28% 1.00%
30-Jun-2017 24-May-2017 31-Mar-2017 3 236,393 152,398 145,654 146,097 6,630 1,524,916 4.54% 61.62% 9.58% 663,007 35.65 34.09 22.04 21.07 1.00 0.96 2.3000 2.20   82.87%   257.31% 31-Mar-2017 0.89 2.50 4.04 0.39 24.76% 1.12% 24-May-2017 0.925 2.59 4.20 0.40 23.82% 1.08%
30-Jun-2017 23-Feb-2017 31-Dec-2016 2 122,555 84,397 79,603 79,893 6,630 1,445,355 8.30% 64.95% 5.53% 663,007 18.48 17.67 12.05 11.52 1.00 0.96 2.1800 2.08   36.37%   258.10% 30-Dec-2016 0.71 3.84 5.89 0.33 16.97% 1.41% 23-Feb-2017 0.84 4.54 6.97 0.39 14.35% 1.19%
30-Jun-2017 23-Nov-2016 30-Sep-2016 1 51,871 61,699 58,480 58,586 6,630 1,412,204 11.32% 112.74% 4.15% 663,007 7.82 7.48 8.84 8.45 1.00 0.96 2.1300 2.04   -24.28%   301.87% 30-Sep-2016 0.715 9.14 8.09 0.34 12.36% 1.40% 23-Nov-2016 0.72 9.20 8.15 0.34 12.27% 1.39%
30-Jun-2016 25-Aug-2016 30-Jun-2016 4 272,723 88,090 77,973 77,376 6,631 1,352,726 8.57% 28.59% 5.72% 663,101 41.13 39.33 11.67 11.16 1.00 0.96 2.0400 1.95   89.24%   -15.09% 30-Jun-2016 0.645 1.57 5.53 0.32 18.09% 1.55% 25-Aug-2016 0.655 1.59 5.61 0.32 17.81% 1.53%
30-Jun-2016 26-May-2016 31-Mar-2016 3 204,223 48,213 41,811 40,888 6,626 1,312,127 16.21% 20.47% 3.12% 662,690 30.82 29.45 6.17 5.90 1.00 0.96 1.9800 1.89   83.27%   -30.33% 31-Mar-2016 0.715 2.32 11.59 0.36 8.63% 1.40% 26-May-2016 0.70 2.27 11.35 0.35 8.81% 1.43%
30-Jun-2016 26-Feb-2016 31-Dec-2015 2 119,550 27,687 21,897 22,310 6,639 1,301,416 29.76% 18.32% 1.71% 663,988 18.00 17.24 3.36 3.22 1.00 0.96 1.9600 1.88   176.88%   -27.02% 31-Dec-2015 0.77 4.28 22.92 0.39 4.36% 1.30% 26-Feb-2016 0.71 3.94 21.13 0.36 4.73% 1.41%
30-Jun-2016 26-Nov-2015 30-Sep-2015 1 47,306 -25,726 -28,279 -29,021 6,625 1,258,901 - % -59.78% -2.31% 662,579 7.14 6.82 -4.38 -4.19 1.00 0.96 1.9000 1.82   -131.85%   -222.25% 30-Sep-2015 0.70 9.80 -15.98 0.37 -6.26% 1.43% 26-Nov-2015 0.835 11.70 -19.06 0.44 -5.25% 1.20%
30-Jun-2015 17-Aug-2015 30-Jun-2015 4 406,802 98,911 92,483 91,129 6,635 1,267,337 7.28% 22.73% 7.19% 663,527 61.31 58.67 13.73 13.14 1.00 0.96 1.9100 1.83   55.28%   -43.19% 30-Jun-2015 0.82 1.34 5.97 0.43 16.75% 1.22% 17-Aug-2015 0.64 1.04 4.66 0.34 21.46% 1.56%
30-Jun-2015 15-May-2015 31-Mar-2015 3 319,469 65,699 59,861 58,687 6,653 1,264,232 11.34% 18.74% 4.64% 665,385 48.01 46.07 8.82 8.46 1.00 0.96 1.9000 1.82   91.97%   -55.20% 31-Mar-2015 0.88 1.83 9.98 0.46 10.02% 1.14% 15-May-2015 0.965 2.01 10.94 0.51 9.14% 1.04%
30-Jun-2015 27-Feb-2015 31-Dec-2014 2 179,779 35,345 31,034 30,571 6,660 1,212,183 21.79% 17.26% 2.52% 666,034 26.99 25.93 4.59 4.41 1.00 0.96 1.8200 1.75   28.78%   -69.53% 31-Dec-2014 0.795 2.95 17.32 0.44 5.77% 1.26% 27-Feb-2015 0.90 3.33 19.61 0.49 5.10% 1.11%
30-Jun-2015 27-Nov-2014 30-Sep-2014 1 71,115 25,238 23,704 23,739 6,649 1,196,924 28.01% 33.33% 1.98% 664,957 10.69 10.26 3.57 3.42 1.00 0.96 1.8000 1.73   -85.20%   -60.04% 30-Sep-2014 1.23 11.50 34.45 0.68 2.90% 0.81% 27-Nov-2014 1.15 10.75 32.21 0.64 3.10% 0.87%
30-Jun-2014 26-Aug-2014 30-Jun-2014 4 276,520 171,151 160,684 160,404 6,655 1,198,048 4.15% 58.11% 13.39% 665,582 41.55 39.88 24.10 23.13 1.00 0.96 1.8000 1.73   22.44%   158.55% 30-Jun-2014 1.19 2.86 4.94 0.66 20.25% 0.84% 26-Aug-2014 1.27 3.06 5.27 0.71 18.98% 0.79%
30-Jun-2014 29-May-2014 31-Mar-2014 3 219,129 136,312 131,520 131,009 6,656 1,178,282 5.08% 60.02% 11.12% 665,696 32.92 31.60 19.68 18.89 1.00 0.96 1.7700 1.70   30.59%   88.23% 31-Mar-2014 1.25 3.80 6.35 0.71 15.74% 0.80% 29-May-2014 1.22 3.71 6.20 0.69 16.13% 0.82%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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TheContrarian Posted by Sslee > 54 minutes ago | Report Abuse

I think insas is the only stock in Bursa where its market cap is below its net cash.
Most likely by next week able to collect some below 1.00 and then next month below 0.9

No, there are others e.g. FACBInd.
20/04/2024 10:21 AM
Sslee Insas already taking step of reverse take over (listing of M&A) to grow its stockbroking, IPO, RI, PP advisory, placement and etc services.

In time to come Insas will be a holding company of many subsidiary and associate companies.

Note: Associate companies do not contribute to revenue, it only contribute to share of profit (non cash flow) in P&L statement. But contributed cash inflow as dividend received under investment activities.

So may I ask 3iii do you value icapital by ROE?

Anyway I will make Jayatiasa and Insas top two in my portfolio as 3iii likes to find faults with both without even looking into detail of their financial account.
20/04/2024 10:30 AM
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ Fiscal year is July-June. All values MYR Millions. 2023 2022 2021 2020 2019
Cash & Short Term Investments 1,270 1,163 1,124 827 885
ST Debt & Current Portion LT Debt 213 248 224 338 441
Long-Term Debt 183 162 161 29 74

Fiscal year is July-June. All values MYR Thousands. 2023 2022 2021 2020 2019
Non-Operating Interest Income 25,551.00 12,137.00 10,690.00 14,712.00 19,973.00
Equity in Affiliates (Pretax) - - - - 43,902.00
Interest Expense 18,775.00 16,188.00 15,217.00 21,452.00 23,220.00
20/04/2024 10:31 AM
TheContrarian Insas at 1.00 you are guaranteed to make a minimum of 10% gain within 6 months, Insas at 0.90 you are guaranteed to make a minimum of 20% gain within 6 months, Insas at 0.80 ...... eh, will Insas reach that level?
20/04/2024 10:31 AM
Tatooine Microlink now at all time low as well. Thong is incompetent, even fellow board members of companies don’t like him and it creates many issues within companies when you get divisive boards. Microlink forced to appoint thong son in exchange for funding as they are broke. The largest part of microlink debt raise if to keep the company from going bust. If you read the reason allegedly for the cash it is to build digital banking and AI … what absolute rubbish and even if tries shows how misguided the board are to waste cash competing in mature markets or one where they have no chance to compete. Thing has already written the insas board minutes before the board meeting to approve the rm90 million microlink need to delay going bankrupt. That could have been a 15 cent dividend to shareholders ??
20/04/2024 10:34 AM
Tatooine US chip makers dropped heavily on Friday, inari will drop a lot on Monday .
20/04/2024 10:36 AM
TheContrarian The stars in the sky tell us that the best time to re-enter Insas is on this particular date ........ it's due ....... soon ........ not yet soon enough ........
20/04/2024 10:38 AM
Tatooine Insas will reach 0.8 unless thong and board release shareholder cash.
20/04/2024 10:39 AM
Sslee TheContrarian.
Correction then
insas is the only stock in Bursa with single digit PE and where its market cap is below its net cash.
20/04/2024 10:39 AM
TheContrarian @Tatooine, don't worry, Insas has plenty of cash to throw, still has Inari cash cow to milk.
20/04/2024 10:39 AM
Tatooine Insas is not a good investment company. It has lost a fortune on most of its investments .
20/04/2024 10:40 AM
TheContrarian @MrSslee, Insas single digit PE due to timing of Inari shares sale manipulation.
20/04/2024 10:40 AM
Tatooine That’s the point, Insas will never go bust , directors will be paid bags of cash for making bad by investments. Shareholders will never see cash return . Been the same for 20 years
20/04/2024 10:41 AM
TheContrarian I don't care if Insas is a good investment company or not, it has been a great investment for me having made a 4 fold gain so far.
20/04/2024 10:42 AM
Tatooine Thong and board do not care about share price or shareholders
20/04/2024 10:42 AM
Tatooine As long as share price goes up and down then yes if you do that well can make good money. I sold a lot at 1.30 so it is the plan for me too
20/04/2024 10:43 AM
TheContrarian @Tatooine, basically I have been making money from Insas by playing against the other shareholders, against the sharks, against the crocodiles like a poker game.
20/04/2024 10:45 AM
Tatooine “Insas is a family business masquerading as a public company” , this is so true !
20/04/2024 10:49 AM
TheContrarian Posted by Tatooine > 5 minutes ago | Report Abuse

Thong and board do not care about share price or shareholders

Yes, I have accepted this, and it's easier to play Insas accepting this fact. Others keep thinking Thong will privatize, or someone will make a hostile takeover. That's why they are stuck, refusing to sell.
20/04/2024 10:50 AM
Tatooine I will wait for 80 cents then buy back, wait for increase and then sell.
20/04/2024 10:50 AM
TheContrarian The bulk of my Insas I sold at 1.28-1.29 level, and when price broke through 1.30 I waited until 1.34 before I unloaded my remaining Insas
20/04/2024 10:53 AM
TheContrarian Posted by Tatooine > 2 minutes ago | Report Abuse

I will wait for 80 cents then buy back, wait for increase and then sell.

Might not go back to 80 sen this year. Overall market sentiment this year is way better than last year.
20/04/2024 10:55 AM
Tatooine Malaysia market is a pawn between china and America. Correction coming. Nasdaq drop over 300 points Friday. Inari will get hit , it is only insas investment worthwhile.
20/04/2024 11:07 AM
TheContrarian Inari will survive, Insas will survive.
20/04/2024 11:15 AM
Sslee By the way if you like high growth, high ROE then have a look at Yinson with high borrowing too.
Expect this year Yinson' two FSPO delivered and will hit oil, next year another FSPO delivered and hit oil.

I just wonder why Yinson is paying more than double the US 5 Year Treasury Rate of 4.68%?

Is Yinson cannot get a normal USD loan from bank with lower interest rate than 9.625% to refinance the matured borrowing?

SINGAPORE, April 19, 2024 /PRNewswire/ -- Yinson Production Offshore Pte. Ltd. ("Yinson Production") is pleased to announce the successful placement of a USD 500 million senior secured bond issue with a 5-year tenor and a fixed coupon of 9.625% per annum in the Nordic bond market.
Yinson is paying more than double the US 5 Year Treasury Rate of 4.68%. Why?

5 Year Treasury Rate is at 4.68%, compared to 4.62% the previous market day and 3.71% last year. This is higher than the long term average of 3.75%.

The 5 Year Treasury Rate is the yield received for investing in a US government issued treasury security that has a maturity of 5 years
20/04/2024 11:27 AM
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ Insas

Current Assets 1989 m
Total Liabilities 531 m
________________________

CA - TL = 1458 m

Market Cap = 663 m (@share price of RM 1)

Net-Net value 1458m - Market Cap 663 m = 795m

Therefore, you can take this company private, settle all the liabilities and still pocket RM 795 m cash.

Benjamin Graham loved such net-net companies. However, after 2 years of investing into these undervalued stocks, should they not perform, he sold them. There must be a reason for doing so? Probably, the opportunity costs for holding onto the non-performers.

Yes, Insas is severely undervalued. How do you capture the gains? When? (The story of Aesop as told by Buffett).
20/04/2024 12:21 PM
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ Insas retains lots of cash. How good is it in allocating its capital?

Buffett's and Munger's forte is their capital allocation ability. They are just fantastic in allocating the excess capital to capture high rates of return for a long period.
20/04/2024 12:24 PM
Sslee Quarter end 31 March 2024 with disposal of 100 million M&A and 10 million Inari, insas will have more cash.
20/04/2024 12:39 PM
stockraider Base on the edge report Insas has about Rm 1.1b net cash....this work out to about Rm 1.50 net cash per share, very good opportunity to profit from this situation loh!
20/04/2024 12:46 PM
TheContrarian Despite that, Insas share price has gone downhill since end of March ..... classic case of a value trap.
20/04/2024 12:48 PM
stockraider U need to be value trap very big....b4 u can make veli veli veli big profit loh!

We are talking of big investment profit n not kucimiao trading profit mah!

The key...holding on & waiting for huge potential gain of stock with big potential like insas loh!
20/04/2024 12:53 PM
TheContrarian Four fold gain, four fold gain, hahaha.
20/04/2024 12:58 PM
Sslee 3iii,
Do you know park under non-current assets: one of the associate company inari is worth how much?

Substantial Shareholder's Particular:
Name INSAS BERHAD
Details of Changes:
Currency -
Date of Change Type Number of Shares
24-Jan-2024 Disposed 1,000,000
Registered Name M & A Nominee (Asing) Sdn Bhd for Media Lang Limited
Nature of Interest Indirect Interest
23-Jan-2024 Disposed 2,000,000
Registered Name M & A Nominee (Asing) Sdn Bhd for Media Lang Limited
Nature of Interest Indirect Interest
22-Jan-2024 Disposed 2,000,000
Registered Name M & A Nominee (Asing) Sdn Bhd for Media Lang Limited
Nature of Interest Indirect Interest
Nature of Interest Indirect Interest
Shares Ordinary shares
Reason Disposal of shares in the open market
Total no of securities after change
Direct (units) 0
Direct (%) 0.00
Indirect (units) 527,008,575
Indirect (%) 14.06
Total (units) 527,008,575
Total (%) 14.06
Date of Notice 26-Jan-2024


Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > Apr 20, 2024 12:21 PM | Report Abuse

Insas
Current Assets 1989 m
Total Liabilities 531 m________________________
CA - TL = 1458 m

Market Cap = 663 m (@share price of RM 1)

Net-Net value 1458m - Market Cap 663 m = 795m

Therefore, you can take this company private, settle all the liabilities and still pocket RM 795 m cash.
20/04/2024 1:05 PM
TheContrarian Not so long ago at one stage during a stock market crisis Insas temporarily dropped to below 40 sen. At that time Thong could have proposed a Selective Capital Repayment at RM1 to take it private. He could if he wanted to privatize Insas but he didn't, he doesn't, he wouldn't.
20/04/2024 1:32 PM
speakup U can see the money
but you cant take the money
20/04/2024 2:15 PM
Sslee Any takevover by Thong will be a futile attemp because once the BOD appointed an independent advisor to advice shareholders to accept or reject the offer based on is the offer fair and reasonable.

The conclusion is forgone: offer is not fair and not reasonable and advise to reject the offer.
20/04/2024 2:30 PM
Sslee If Thong is smart he should table a MGO waiver for Insas to do SBB. By doing SBB automatically his and his PAC holding will increase beyond 33% and 4 year later might excess 50%
20/04/2024 2:38 PM
TheContrarian Thong is a former stockbroker, he knows the rules, don't doubt that he isn't smart. He wants to keep Insas share price down.
20/04/2024 2:49 PM
TheContrarian This article first appeared as "Insas’ controlling shareholders may seek a waiver" in The Edge Malaysia Weekly, on June 24, 2019 - June 30, 2019.



THE controlling shareholders of Insas Bhd, Datuk Seri Thong Kok Khee and his brother Datuk Thong Kok Yun, are said to be mulling seeking a waiver from making a general offer for the company if they decide to convert the company’s warrants in February next year.

Such article will be repeated from time to time drawing more water fish into buying Insas.
20/04/2024 2:58 PM
Sslee Thong and PAC cannot buy any Insas share from open market without trigger the 33% MGO threshold.

So he is just a bystander watching insas share price up and down. Anyway whether the share price up or down do not affect him financially.
20/04/2024 3:00 PM
Tatooine I also queue at 40 cents.. Thong knows what he is doing and that is screwing over the shareholders. “ Insas is a family business masquerading as a public company” Thong is milking cash out of insas and other subsidiary companies. Be it fees, land etc he is making lots of money and that is why he pays the board well to keep quiet. Only way to make money in insas if you want to is buy and sell …
20/04/2024 3:11 PM
TheContrarian Leno stuck in Insas 15 years gained no monetary benefits, Ah Thong stuck in Insas 15 years got received salary, bonus, Inari ESOS plan, meeting allowance, driver allowance, pet cat allowance etc.
20/04/2024 3:26 PM
speakup Thank u Leno for Sell Call 1.20 level
Speakup wanted hold for Double Bagger but good thing listen to sifu Leno
20/04/2024 3:56 PM
TheContrarian The smarter ones sold at 1.30 level.
20/04/2024 4:46 PM
TheContrarian Btw speakup, someone is trolling you at Jayatiasa forum.
20/04/2024 5:00 PM
BLee “3i> Insas
Current Assets 1989 m
Total Liabilities 531 m
________________________

CA - TL = 1458 m

Market Cap = 663 m (@share price of RM 1)

Net-Net value 1458m - Market Cap 663 m = 795m

Therefore, you can take this company private, settle all the liabilities and still pocket RM 795 m cash.”

Never thought can calc Net-Net value this way? Impressive?
Since Market Cap is a ‘moving target’, how sure can ‘sapu’ all at RM1?
Only the cash portion in CA sure if..(not suggesting anything), how much ‘others’ CA can turn into cash easily? The ‘if’ makes share investing interesting. I will keep my zero cost holding, not worrying it will fall below RM1, happy Trading and TradeAtYourOwnRisk
20/04/2024 5:46 PM
TheContrarian Ya, ya, hostile takeover isn't practical, once it's leaked out the price will go limit up. The most practical is Thong himself trigger a MGO by exercising all his warrants at 90 sen. But at 90 sen takeover price who wants to sell their Insas?
20/04/2024 6:02 PM
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ Net Net Working Capital Formula – Further Analysis and Discussion:
Net Net Working Capital is a subset of Graham’s Net Working Capital is a subset of Net Working Capital (also known as Working Capital).
1) Net Working Capital = Current Assets – Current Liabilities
2) Graham’s Net Working Capital = Current Assets – Total Liabilities
3) Net Net Working Capital = Cash + Short Term Marketable Investments + Accounts Receivable * 75% + Inventory * 50% – Total Liabilities
Note that the results of each formula are presented in a decreasing order. That is to say Net Net Working Capital will provide the lowest and hence, most conservative, value. In other words, all else being equal, of the three formulas above, a stock trading below Net N et Working Capital provides the investor with the largest margin of safety.
Value investing is about buying a stock at a sufficient discount to intrinsic value. Graham’s “Net Working Capital” or the “Net Net Working Capital” formulas can be used as preliminary screens to identify potentially undervalued stocks or deep value stocks.11

20/04/2024 6:12 PM
TheContrarian Isn't Graham dead?
20/04/2024 6:16 PM
Sslee Know what IBs analyst value capA ( A PN17 and insolvent company with negative billion in net current assets, negative billion equity and billion in debts)?

Why bother with all those white man formula? Dead or alive.

I once wrote:
Definition: Intrinsic value is the Present value of the investment of all the expected cash flow over the lifetime discounted at the appropriate discount rate.

Intrinsic value = (CF1/ (1+d)^1) + (CF2/(1+d)^2) + ----- +(CFn/(1+d)^n)

Where:
CF = Cash Flow in the Period
d = Discount rate
n = The period number
This Intrinsic value is actually a Discounted Cash Flow (DCF)
Example of intrinsic value of INSAS is then the Sum of DCF expected cash flow from varies business streams.
For INSAS assets rich case, it is my opinion that the liquid assets minus total liabilities should be added to this intrinsic value.
20/04/2024 7:00 PM