How is it unfounded? If they have so much money, why not buy back tons of insas shares from the market? Gkent is doing that exact same thing.

I believe at one point you also were defending xinquan tooth and nail versus all questioners as to how undervalued it is with its billion dollars in bank account but no signs of share buyback and dividends, but huge pp and warrant sales to get more cash instead.

There can be multiple opinions, but only one economic result in sight.

Perhaps sslee should also start a trackable portfolio so we can see if your opinions versus your market results have any relation? Better now than never.

>>>>>>>>


Sslee Dear Philip,
Good morning, why so stressful and picks fight with IR analyst. If you are so sure of Gkent shouldn’t you be happy to collect more at cheaper price? This is what I am doing collecting INSAS at 35 cents and q buy at 33 cents until you came to INSAS forum and make unfound allegation of why no shares buyback, the bank deposit and account must be fake.

The thing is, many so called super "wannabe" investors Trainers like to talk about being like Charlie and warren etc, but fall to the wayside when push comes to shove. They like to talk about value investing, how they made 100% on this and that, and how they know how to value and buy.

But the one constant which none of them have despite all the post and comments, none have it except for Koon yew yin and ooi Tek bee,

Jonathan Choi yi kit does not have it.
Ricky yeoh does not have it.
Calvin tan eng yet does not have it.
Icon8888 does not have it.
Kcchongz does not have it. ( He however has a book, how useful I don't know).
Stockraider definitely does not have it.
Louisinvesting does not have it.
Greentrades does not have it.

What all of these people who comment so much on i3 forums is the lack transparent, trackable portfolio ( its a free simple tool that exists on i3 forum, funny how very few people use it.)

Why? They will give you excuses like how they don't want people to frontrun them ( which is silly when you really think about it, they can buy first then update), but the fact of the matter is: once keyed in they will be unable to delete the portfolio entries or replace it with fake entries, but must constantly be on the public eye to see if their blogs and writings jive with their market results.

Choivo tries to do it, buy half heartedly. He kind of tells you what he buys, buy hides it behind xx and XX stocks, and makes you guess what he holds. But he did not tell your boss positions, or when he sells.

But the thing is, what you bought is not so much as important as what you sell. More important that what you bought and sold, is your conviction and the total amounts of each stock that you bought or sold.

They like to talk the talk, but when it comes to walking the walk, they somehow fall apart.

And the first thing they dive into is the quarterly results of warrens Berkshire reports.

https://www.berkshirehathaway.com/reports.html

I find it very tiresome( because I see it all the time), but my belief is this: if you want to be a public figure and write all sorts of articles and promotionals, you need to be accredited. If I wrote a medical journal, but never having spent a day in medical school, I could convince a lot a random idiots into taking my words verbatim acting wrongly on my "advice".

Financial "education" has the same effect on that EVERYONE is suddenly an expert on the companies that they buy. EVERYONE! Trust me. Calvin tan is as expert on networking infrastructure, choivo is an expert on petroleum refineries. This has a lot of potential for destruction, especially for eager young investors out to make a quick buck.

Who do you believe? In the real world, they would not be able to publish such things without a financial advisor license, a prospectus of their 5 year results and a full disclosure on their fund size.

But here in the internet, they can hide behind blogs and write whatever they want.

Here is the real guide: you trust Warren buffet and Charles munger not because of what they say or do, but the financial reports that show their results and the acumen.

So I tell you: listen with one ear. If they don't have financials or a history of results, treat it as fantasy and do not buy anything based on simple recommendations. Instead listen to them for a few years, build their portfolio for them ( they will always tell you when they buy, but never when they sell. Period.) Then you will quickly realize what quacks they really are.

I put KYY and OTB on a different scale though ( KYY when he buys you WILL know it, but you when he sells you will ALSO know it, albeit when the stock crashes). OTB makes money from classes and subscription, so he has to maintain a transparent form of investing. I can respect that.

>>>>>>>>

If you buy stocks at a big margin of safety, there is little risk and eventually market will revert to its mean. But make damn sure that you buy good companies at big discounts, and not buying lemons and overvalued companies, no matter how good they are.

I don't find anything stressful, I am just pointing out a simple fact to protect investors from selling on fear. In any case "chase high" with margin finance is a silly term at this juncture when everything on the market is at 10 year lows.

If not now to buy with margin financing then when? If you do not buy when blood is on the streets then when?

Between the qr and upcoming qr there has been no news of cancellation and fundamental project problems. However: the price has dropped from 94 cents to 44.5 cents. Why? What does oil price war, covid-19, have anything to do with LRT3 resolution? N the government had already guaranteed that it will continue as part of stimulus package.

So it is up to you to decide: whether it is a discount day? Or a failing business selling at 40 cents per share net CASH.

Others ok, only netx didn't submit any bid for NFCP and Calvin tan trying hard to manipulate and telling lies. The last time netx did infrastructure job was 10 years ago. Already replaced directly by Huawei. Today Calvin searching for straws to fake his story.


>>>>>>>>>

tsunami sheltered stocks are netx, opcom, redtone, binacom and cmsb

Trust in RHB, one of the worse run bank in Malaysia, the ones who said QL was over valued and gave a TP of 5.85. on the other hand I also remember sslee and Calvin was the one who loudly keep saying QL was overvalued at pe50 and will soon suffer a crash in stock price. Meanwhile during this crisis QL is still above January 2019(6.90) price, or did you forget? While INSAS drop price to 40 cents and Calvin entire portfolio is red ( netx drop 50%).

The difference? Unlike those companies Calvin and sslee hold, gkent has bought back millions and millions of shares back. I have already increased my shareholding value by 5% doing nothing. More dividends for me when LRT 3 earnings are reflected.

2 things Calvin and sslee forget:

27-Mar-2020 Insider GEORGE KENT MALAYSIA BHD buyback 190,000 shares from 0.540 to 0.585 on 27-Mar-2020.

(Did netx and INSAS do such a thing? Does Insas and netx have a 13 billion in orderbook by 2024? nO?) Calvin still thinks he can get NFCP contracts. Funny.

As for rhb-osk, they hedge their bets, read the last sentence:

Key upside risks include stability in macro economy, positive outcome for water reform – paving the way for higher sector development allocations, higher-than-expected earnings contribution from the LRT3 project and further wins in water-related infrastructure construction.

Sell call?
>>>>>>>


Sslee Haha
Q4 result not yet out, RHB-OSK already give a sell call with TP of 43 cents.
27/03/2020 9:19 PM

I thought it would be very obvious. Microcap stocks with valuation of USD 25-30 million. With revenues and earnings with no historical basis of growing earnings and revenues jumping to incredibly high PE's with not so amazing results. Cash flow, debt, return on equity, contract awards all give indication of manipulation.

Those are the companies that I totally avoid. Not because it is not a money earner, but because illiquidity, small valuation and the lack of long term results are a recipe for trading that gives big results and bigger losses that cannot be predicted.

I don't know how to make money from stocks like these, so I prefer to keep to my area of competence.

With the new ruling on FMR(financing margin ration) going beyond 70% it will still not trigger a mandatory liquidation requirement. Wise in that for the time being, it removes mass hysteria and the need for circuit breaker controls.

So, now is a good time to take up margin at low low rates and take advantage of the discount month.

But the question remains, what to buy?

>>>>>>>>

https://klse.i3investor.com/blogs/savemalaysia/2020-03-26-story-h1485668266-Bursa_Malaysia_relaxes_margin_financing_rules_to_ease_forced_selling_pr.jsp

I have increased my maximum margin at these prices as I believe the stimulus package of 3T from fed reserve and 40 billion from malaysia reserve will be enough to stabilize the economy, and the virus will be combated soon. With the reality that this is not a world killing virus, and that the short isolation will be good for the human race in the long run, confidence will be back with a vengeance and the discount prices will be gone soon enough.

>>>>>>>>

https://klse.i3investor.com/servlets/pfs/120720.jsp

I have increased my maximum margin at these prices as I believe the stimulus package of 3T from fed reserve and 40 billion from malaysia reserve will be enough to stabilize the economy, and the virus will be combated soon. With the reality that this is not a world killing virus, and that the short isolation will be good for the human race in the long run, confidence will be back with a vengeance and the discount prices will be gone soon enough.

>>>>>>>>

https://klse.i3investor.com/servlets/pfs/120720.jsp

I have increased my maximum margin at these prices as I believe the stimulus package of 3T from fed reserve and 40 billion from malaysia reserve will be enough to stabilize the economy, and the virus will be combated soon. With the reality that this is not a world killing virus, and that the short isolation will be good for the human race in the long run, confidence will be back with a vengeance and the discount prices will be gone soon enough.

>>>>>>>>

https://klse.i3investor.com/servlets/pfs/120720.jsp

I have increased my maximum margin at these prices as I believe the stimulus package of 3T from fed reserve and 40 billion from malaysia reserve will be enough to stabilize the economy, and the virus will be combated soon. With the reality that this is not a world killing virus, and that the short isolation will be good for the human race in the long run, confidence will be back with a vengeance and the discount prices will be gone soon enough.

>>>>>>>>

https://klse.i3investor.com/servlets/pfs/120720.jsp

I have increased my maximum margin at these prices as I believe the stimulus package of 3T from fed reserve and 40 billion from malaysia reserve will be enough to stabilize the economy, and the virus will be combated soon. With the reality that this is not a world killing virus, and that the short isolation will be good for the human race in the long run, confidence will be back with a vengeance and the discount prices will be gone soon enough.

>>>>>>>>

https://klse.i3investor.com/servlets/pfs/120720.jsp

What stock would you buy?

>>>>>>


i3lurker no hurry

wait until April 14th extended again can think about planning
27/03/2020 2:09 PM

I am also in this month after studying and monitoring this company since 2018 from the screams of passion from mable and qqq3. I like how its main O&M operations are in Middle east countries like Qatar where the cost of oil production is USD5 per barrel of oil. Meaning even at USD20 per barrel, they will still make money and give more orders to Serba to do more operations as the trust level is slowly increasing.

I also like the fact that Serba income is similar to Yinson where it has no relation to the price of oil (like Armada and Sapura where their drilling activities correlate directly with their profit, and their break even costs or USD50 per barrel for their drilling operations. They also have many unutilized OSV and FPSO units that are not competitive in the market).

Yinson and serba on the other hand get paid by the day of work. And a fixed penalty for any cancellation of orders so things are very clear and straightforward.

I think Serba might do OK in the coming environment, although the "embargo" by Saudi/Egypt to Qatar may have some effect on short term work as Serba need to choose which paymaster to follow.

But, lets monitor their results quarter to quarter.

>>>>>>>

https://klse.i3investor.com/servlets/pfs/120720.jsp

A company that sells something in 2011, then makes losses for 8 years is surely out of touch with the real world telco market. Do not expect it to make any return once lost.

>>>>>
The Contract will be delivered in 4th quarter of 2011.

Total margin used from public bank and maybank is 29.4M of 30M applied. The interest coverage will be very high, the most that I have ever used at any one time. I believe by 2021 the economic sanctions would have been lifted, and the price recovery will be complete. I believe by 2022 I will be able to start slowly reducing my margin loans and use back cash holdings only.

stimulus package announcement at 3pm today.

Since did not happen this year, or even after the warrants expiry date and stockraiders assumption. This is very obviously SMOKE.

Thank you.

>>>>>>


Sslee Dear Philip,
The issue is once Dato’ Sri Thong and PAC holding reach the threshold of 33% Dato’ Sri Thong need to offer conditional MGO.
For your information this is what Dato’ Wong replied to me last year on waiver.

Hi Mr Lee
Thanks for your past & continuous support & I personally have no objection to your proposed resolution. However, there are stringent processes, procedures and compliance requirements under the Bursa Listing Rules & Take-over Code that our CF advisers are looking into it and it is unlikely that we are able to make the waiver application in time for the approval of Insas shareholders by this coming AGM. We are seriously exploring this waiver proposal and if possible, we hope to initiate this waiver application process in year 2020.
Regards
wgk

Thank you
27/03/2020 8:02 AM

Thank you.

I'm sorry sslee, this is sounds like smoke?. Can you clarify exactly what is the ambiguity. If QL ownership can be more than 60%, what is the issue here?

>>>>>>>

they are enable to buy as of ambiguity SC regulation on definition of PAC

INSAS nta is rm2.68 versus today price of 0.47. like you said, immediate profit if management buyback company own share. But why don't they buy back shares?

Thank you.

>>>>>>>

As of share buy-back, I remember attending CSCSTEL AGM asking the Board on buy-back/sell-back policy. The Board replied they can only do buyback if the price falls below NTA this is to protect NTA dilution or misused of Buy-back to support price for insider benefit.

I have been studying serba and mabel since qqq333 promoted it in 2018. I bought when the price dropped to great lows.

Thank you.

Now, let me give you an example of how to game the system.

Let's use a real world example.

https://www.theedgemarkets.com/article/insas-buys-199-stake-diversified-gateway-rm128m

Let's say I buy 20% shares in a company called dgsb. In sept 2017 it is valued at 0.07( after consolidation). When I buy that 20%, the value of the company jumps to 30 cents in early 2018. So my valuation of my company it to record an UNREALIZED gain of 5x my initial investment, in this case 12.8 million in investment is valued at 60 million. WOW! But is this real cash or accounting land? Not until you sell it. And INSAS didn't sell. ( Latest report 25% ownership ). So what is their realized earnings if they tried to sell their stake of the currently worth 40 million ringgit company? Definitely they will take a loss, as dgsb has not grown or performed at all. No revenue growth, quarterly losses, no dividends, no share buybacks.

Now, you take the same activity spread out to all of the other companies it holds a stake in. Money from shareholders and dividends and private placements and warrants. You see the same pattern occurring. Overpaying for lousy companies, declare losses ( funny accounting indeed at some of these microcap subsidiaries).

Fake news? Tell me I am wrong. This is just 1 company they hold a substantial share in. How about the other companies they put money into like vigcash, melium, omesti, dgsb, the biotech company. I read every single one of the subsidiaries annual and quarterly reports and tracked back to their accounting calculations. Did YOU?

How much value was being inflated on UNREALIZED value, while real cash from m&a trading and stockbroking and inari dividends and share sales pumped away as "expenses" and investments?

This is why INSAS will never buy back shares with their "cash" and assets everywhere. They can't.

By selling their "assets" they will have to REALIZE value. And by REALIZING value you will find INSAS had very little CASH generating assets that people would pay high prices for. They will get a poor price indeed for their investments should they decide to move these illiquid businesses.

So you tell me, would you have received better investment value by putting your shareholder money 12.8 million into a lousy company dgsb with no past history of growth, dividends, revenue, earnings or share buybacks or put it into companies like hartalega (3.5 to 6.5 from 2017 to 2020), Nestle (85 to 137), aeoncredit (10 to 15 covid not withstanding), hong Leong bank (13 to 21 by end 2019).

Why would INSAS gamble in such a way?

Thank you.

Clear evidence or fact? I don't know if you are reading the same quarterly reports that I am, but it is written there in the notes.

Group’s summary
The Group reported revenue of RM85.2 million and a pre-tax profit of RM54.8 million for the
months period ended 31 December 2019 as compared to revenue of RM96.8 million and a pre-
tax profit of RM39.5 million reported in the corresponding period in the preceding year. The
review of performance by divisions is as follows:-
Financial services and credit & leasing division
The unit reported higher revenue and pre-tax profit of RM36.2 million and RM19.3 million for the
six months period ended 31 December 2019 as compared to the corresponding period in the
preceding year of RM28.1 million and RM10.5 million respectively, mainly due to higher revenue
generated by the structure finance unit, higher brokerage and corporate advisory fee income
generated by the stock broking and corporate finance advisory units and
<<< higher unrealised gain
on fair value changes of financial assets at fair value through profit or loss. >>>>

Investment holding and trading division
The Investment unit reported lower revenue of RM13.9 million for the six months period ended
31 December 2019 as compared to the corresponding period in the preceding year of RM30.8
million mainly due to lower trading activities in the current financial period.
Despite the lower revenue in the current financial period, the Investment unit reported higher
pre-tax profit of RM8.2 million for the six months period ended 31 December 2019 (six mo nths
period ended 31 December 2018: pre-tax loss of -RM21.6 million) mainly due to
<<<< unrealised gain
on fair value changes of financial assets at fair value through profit or loss of RM2.4 million and
lower unrealised loss on foreign exchange of -RM0.3 million in the current financial period as
compared to unrealised fair value loss of -RM21.9 million and unrealised loss on foreign
exchange of -RM5.9 million respectively in the corresponding period in the preceding year. >>>>>

Technology and IT-related manufacturing, trading and services division

The Technology unit reported lower revenue of RM2.4 million for the six months period SHARE ended
31 December 2019 as compared to the corresponding period in the preceding year of RM6.2
million due to lower sales of trading products in the current financial period.
The Technology unit reported lower pre-tax profit of RM21.6 million for the six months period
ended 31 December 2019 (six months period ended 31 December 2018: RM47.4 million) mainly
due to
<<<<lower gain on disposal of shares in an associate company of RM6. 6 million and lower
contribution from Inari Amertron Berhad Group of RM16.0 million (six months period ended 31
December 2018: RM24.4 million and RM21.8 million respectively).>>>>

Now that the value of assets has dropped by half, and disposal of shares to prop up INSAS business model is down to 1.14 at today's prices what do you think will happen to the next few quarters? What cash? There is no cash, everything is unrealized earnings. What happens when you try to realize EARNINGS today? Force sell those shares? What value do you get for INSAS today?

That is what I mean by gaming the system, UNREALIZED "fair value" gains versus cold hard cash flow. But you know what is REALIZED? YES, EXPENSES AND SHARE DILUTION.

Latest quarter results:

8.47 million administrative expenses
5.69 million operating expenses
5.181 million finance costs
22.396 million in cogs ( explain to me why 4.958 million of depreciation is lumped in here?)


>>>>>>>>


Sslee Dear Philip,
Can you please refrain from smearing the good name of INSAS BOD and management team with your wild and malicious accusation of game the system without any clear evident or fact?

Why I believe calvintaneng will go to hell? For causing thing like this to happen.

His 2019 results (WHERE WERE THE SELL CALLS FOR SASBADI, MAYBULK, TALAMT, SCOMIES?) -
https://klse.i3investor.com/servlets/pfs/123029.jsp

HIS 2020 RESULTS - https://klse.i3investor.com/servlets/pfs/131750.jsp

IF YOU BUY A STOCK JUST BECAUSE CALVIN TAN ENG YEE IS TRYING TO PUMP AND DUMP YOU? THEN YOU SHOULD BE READY FOR THE CONSEQUENCES.

DO YOU OWN DUE DILIGENCE, AND DON'T RELY ON FALSE PROPHETS TO DO YOUR THINKING FOR YOU.

>>>>>>>

Posted by cheahsk > Mar 19, 2020 9:55 AM | Report Abuse

This is for Calvintaneng, Hey, pls come out from under your bed. I know you are there. Please explain your comment on Maybulk you did some months ago. If you feel the need to write something pls do, but don't post it lah. Gullible ppl like me picked up your comment and bought a lemom. I suggest you just type out all your nonsense on paper, read it for shiok sendiri and just burn the piece of paper and flush it down the toilet. Use this forum to write something credible and useful for the readers. Be more responsible please.

>>>>>>>>

Mar 24, 2020 5:33 PM | Report Abuse

Calvin,

Honestly, your conduct the last 1-2 years have been quite disappointing. I remember thinking you were a very nice person back when i met you in Johor, but honestly, the way you've been acting in pushing companies like these, It's not good

Why I believe calvintaneng will go to hell? For causing thing like this to happen.

His 2019 results (WHERE WERE THE SELL CALLS FOR SASBADI, MAYBULK, TALAMT, SCOMIES?) -
https://klse.i3investor.com/servlets/pfs/123029.jsp

HIS 2020 RESULTS - https://klse.i3investor.com/servlets/pfs/131750.jsp

IF YOU BUY A STOCK JUST BECAUSE CALVIN TAN ENG YEE IS TRYING TO PUMP AND DUMP YOU? THEN YOU SHOULD BE READY FOR THE CONSEQUENCES.

DO YOU OWN DUE DILIGENCE, AND DON'T RELY ON FALSE PROPHETS TO DO YOUR THINKING FOR YOU.

>>>>>>>

Posted by cheahsk > Mar 19, 2020 9:55 AM | Report Abuse

This is for Calvintaneng, Hey, pls come out from under your bed. I know you are there. Please explain your comment on Maybulk you did some months ago. If you feel the need to write something pls do, but don't post it lah. Gullible ppl like me picked up your comment and bought a lemom. I suggest you just type out all your nonsense on paper, read it for shiok sendiri and just burn the piece of paper and flush it down the toilet. Use this forum to write something credible and useful for the readers. Be more responsible please.

>>>>>>>>

Mar 24, 2020 5:33 PM | Report Abuse

Calvin,

Honestly, your conduct the last 1-2 years have been quite disappointing. I remember thinking you were a very nice person back when i met you in Johor, but honestly, the way you've been acting in pushing companies like these, It's not good

Why I believe calvintaneng will go to hell? For causing thing like this to happen.

His 2019 results (WHERE WERE THE SELL CALLS FOR SASBADI, MAYBULK, TALAMT, SCOMIES?) -
https://klse.i3investor.com/servlets/pfs/123029.jsp

HIS 2020 RESULTS - https://klse.i3investor.com/servlets/pfs/131750.jsp

IF YOU BUY A STOCK JUST BECAUSE CALVIN TAN ENG YEE IS TRYING TO PUMP AND DUMP YOU? THEN YOU SHOULD BE READY FOR THE CONSEQUENCES.

DO YOU OWN DUE DILIGENCE, AND DON'T RELY ON FALSE PROPHETS TO DO YOUR THINKING FOR YOU.

>>>>>>>

Posted by cheahsk > Mar 19, 2020 9:55 AM | Report Abuse

This is for Calvintaneng, Hey, pls come out from under your bed. I know you are there. Please explain your comment on Maybulk you did some months ago. If you feel the need to write something pls do, but don't post it lah. Gullible ppl like me picked up your comment and bought a lemom. I suggest you just type out all your nonsense on paper, read it for shiok sendiri and just burn the piece of paper and flush it down the toilet. Use this forum to write something credible and useful for the readers. Be more responsible please.

>>>>>>>>

Mar 24, 2020 5:33 PM | Report Abuse

Calvin,

Honestly, your conduct the last 1-2 years have been quite disappointing. I remember thinking you were a very nice person back when i met you in Johor, but honestly, the way you've been acting in pushing companies like these, It's not good

Why I believe calvintaneng will go to hell? For causing thing like this to happen.

His 2019 results (WHERE WERE THE SELL CALLS FOR SASBADI, MAYBULK, TALAMT, SCOMIES?) -
https://klse.i3investor.com/servlets/pfs/123029.jsp

HIS 2020 RESULTS - https://klse.i3investor.com/servlets/pfs/131750.jsp

IF YOU BUY A STOCK JUST BECAUSE CALVIN TAN ENG YEE IS TRYING TO PUMP AND DUMP YOU? THEN YOU SHOULD BE READY FOR THE CONSEQUENCES.

DO YOU OWN DUE DILIGENCE, AND DON'T RELY ON FALSE PROPHETS TO DO YOUR THINKING FOR YOU.

>>>>>>>

Posted by cheahsk > Mar 19, 2020 9:55 AM | Report Abuse

This is for Calvintaneng, Hey, pls come out from under your bed. I know you are there. Please explain your comment on Maybulk you did some months ago. If you feel the need to write something pls do, but don't post it lah. Gullible ppl like me picked up your comment and bought a lemom. I suggest you just type out all your nonsense on paper, read it for shiok sendiri and just burn the piece of paper and flush it down the toilet. Use this forum to write something credible and useful for the readers. Be more responsible please.

>>>>>>>>

Mar 24, 2020 5:33 PM | Report Abuse

Calvin,

Honestly, your conduct the last 1-2 years have been quite disappointing. I remember thinking you were a very nice person back when i met you in Johor, but honestly, the way you've been acting in pushing companies like these, It's not good

Why I believe calvintaneng will go to hell? For causing thing like this to happen.

His 2019 results (WHERE WERE THE SELL CALLS FOR SASBADI, MAYBULK, TALAMT, SCOMIES?) -
https://klse.i3investor.com/servlets/pfs/123029.jsp

HIS 2020 RESULTS - https://klse.i3investor.com/servlets/pfs/131750.jsp

IF YOU BUY A STOCK JUST BECAUSE CALVIN TAN ENG YEE IS TRYING TO PUMP AND DUMP YOU? THEN YOU SHOULD BE READY FOR THE CONSEQUENCES.

DO YOU OWN DUE DILIGENCE, AND DON'T RELY ON FALSE PROPHETS TO DO YOUR THINKING FOR YOU.

>>>>>>>

Posted by cheahsk > Mar 19, 2020 9:55 AM | Report Abuse

This is for Calvintaneng, Hey, pls come out from under your bed. I know you are there. Please explain your comment on Maybulk you did some months ago. If you feel the need to write something pls do, but don't post it lah. Gullible ppl like me picked up your comment and bought a lemom. I suggest you just type out all your nonsense on paper, read it for shiok sendiri and just burn the piece of paper and flush it down the toilet. Use this forum to write something credible and useful for the readers. Be more responsible please.

>>>>>>>>

Mar 24, 2020 5:33 PM | Report Abuse

Calvin,

Honestly, your conduct the last 1-2 years have been quite disappointing. I remember thinking you were a very nice person back when i met you in Johor, but honestly, the way you've been acting in pushing companies like these, It's not good

Why I believe calvintaneng will go to hell? For causing thing like this to happen.

His 2019 results (WHERE WERE THE SELL CALLS FOR SASBADI, MAYBULK, TALAMT, SCOMIES?) -
https://klse.i3investor.com/servlets/pfs/123029.jsp

HIS 2020 RESULTS - https://klse.i3investor.com/servlets/pfs/131750.jsp

IF YOU BUY A STOCK JUST BECAUSE CALVIN TAN ENG YEE IS TRYING TO PUMP AND DUMP YOU? THEN YOU SHOULD BE READY FOR THE CONSEQUENCES.

DO YOU OWN DUE DILIGENCE, AND DON'T RELY ON FALSE PROPHETS TO DO YOUR THINKING FOR YOU.

>>>>>>>

Posted by cheahsk > Mar 19, 2020 9:55 AM | Report Abuse

This is for Calvintaneng, Hey, pls come out from under your bed. I know you are there. Please explain your comment on Maybulk you did some months ago. If you feel the need to write something pls do, but don't post it lah. Gullible ppl like me picked up your comment and bought a lemom. I suggest you just type out all your nonsense on paper, read it for shiok sendiri and just burn the piece of paper and flush it down the toilet. Use this forum to write something credible and useful for the readers. Be more responsible please.

>>>>>>>>

Mar 24, 2020 5:33 PM | Report Abuse

Calvin,

Honestly, your conduct the last 1-2 years have been quite disappointing. I remember thinking you were a very nice person back when i met you in Johor, but honestly, the way you've been acting in pushing companies like these, It's not good

Post removed.Why?

Why I believe calvintaneng will go to hell? For causing thing like this to happen.

His 2019 results (WHERE WERE THE SELL CALLS FOR SASBADI, MAYBULK, TALAMT, SCOMIES?) -
https://klse.i3investor.com/servlets/pfs/123029.jsp

HIS 2020 RESULTS - https://klse.i3investor.com/servlets/pfs/131750.jsp

I HAVE NOTHING AGAINST NETX INVESTORS. I HOPE YOU ALL THE BEST AS NO ONE WANTS YOU TO LOSE MONEY. WHO KNOWS? YOU MAY JUST BE MY NEPHEW OR DISTANT RELATIVE. NETX MIGHT SUCCEED JUST YET, WHO KNOWS?

BUT IF YOU BUY A STOCK JUST BECAUSE CALVIN TAN ENG YEE IS TRYING TO PUMP AND DUMP YOU? THEN YOU SHOULD BE READY FOR THE CONSEQUENCES.

AGAIN, I HOPE NETX INVESTORS DO WELL AND NETX GOES UP TO 8 CENTS. BUT DO YOU OWN DUE DILIGENCE, AND DON'T RELY ON FALSE PROPHETS TO DO YOUR THINKING FOR YOU.

>>>>>>>

Posted by cheahsk > Mar 19, 2020 9:55 AM | Report Abuse

This is for Calvintaneng, Hey, pls come out from under your bed. I know you are there. Please explain your comment on Maybulk you did some months ago. If you feel the need to write something pls do, but don't post it lah. Gullible ppl like me picked up your comment and bought a lemom. I suggest you just type out all your nonsense on paper, read it for shiok sendiri and just burn the piece of paper and flush it down the toilet. Use this forum to write something credible and useful for the readers. Be more responsible please.

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Mar 24, 2020 5:33 PM | Report Abuse

Calvin,

Honestly, your conduct the last 1-2 years have been quite disappointing. I remember thinking you were a very nice person back when i met you in Johor, but honestly, the way you've been acting in pushing companies like these, It's not good

My advice to you: if you are looking for get rich schemes to gain 100% in 1 year, then stocks is not something you should be putting money into. You would be far better served buying over someone else plantation in Sabah, Sarawak or Perak, and improving it. You seem to have a knack for running palm oil plantations. Or are you the type to just tell people what to do, and not get your hands dirty sometimes?

You seem to think buying stocks is an easy activity, just click a button and press buy. Gain 10%, click a button sell. Easy peasy. But nothing in life is ever easy.

It takes me 3 months to research into a stock, 5 year experience in the industry trying to find out the players, suppliers and game hangers. Another 3 years trying to understand the long term growth opportunities of the industry before you put a single cent into buying the stock.

I spent years in the O&G industry before knowing how to differentiate PCHEM versus lctitan, serbadk from the sumatec and carimin. I have my own palm smallholding in tawau and worked on refinery with boilermech before buying QL. I have worked with gkent before I even considered buying their shares last year. I have helped out paysys ingenico with some projects before giving stoneco a second look, I have followed yinson for 2 years before buying into it. My wife works for public bank before I learned how they structured their loan portfolio.

Believe me when I say to properly scuttlebutt, you need 10 years of knowledge before you can click the button. Even then, your stocks can drop in a blink and profit turns into losses.

Buying stocks is risky. When you think buying a company just because it is selling below nta( value investing margin of safety) is safe, that is when you do not look at ALL the factors. There are many other types of margins of safety, which I am sure you are starting to realize, after disasters like xinquan( NTA margin of safety), hengyuan (PE margin of safety), you will start to realize things like management ownership ( share buyback, shareholder margin of safety), consistency ( growth of earnings and revenues/debt margin of safety), performance ( ROE margin of safety).

The goal is not to make you rich. It is to help you make better decisions. When you finally start to like analyzing companies, doing valuation and reading about reports for fun? Then you will be rich automatically.


>>>>>>

Dear Philip,
Can you please refrain from smearing the good name of INSAS BOD and management team with your wild and malicious accusation of game the system without any clear evident or fact?

I had met and talk to Dato’ Dr Tan on INSAS Tech venture (challenge, success and failure rate) and Dato’ Wong on business rationale.

My advice to you, please empathize with those going through difficult time during this Covid-19 crisis and seeing their Investment value fall by more than 50%. Please do not spread fake news to create fear that does not benefit anyone. If you have crystal ball please tell us what shares to buy now that will give us 100% gain in 1 year time, spare us your lecture on quality investment for long term of 10 years for no one know are we still alive in 10 year time.

Thank you

My advice to you: if you are looking for get rich schemes to gain 100% in 1 year, then stocks is not something you should be putting money into. You would be far better served buying over someone else plantation in Sabah, Sarawak or Perak, and improving it. You seem to have a knack for running palm oil plantations. Or are you the type to just tell people what to do, and not get your hands dirty sometimes?

You seem to think buying stocks is an easy activity, just click a button and press buy. Gain 10%, click a button sell. Easy peasy. But nothing in life is ever easy.

It takes me 3 months to research into a stock, 5 year experience in the industry trying to find out the players, suppliers and game hangers. Another 3 years trying to understand the long term growth opportunities of the industry before you put a single cent into buying the stock.

I spent years in the O&G industry before knowing how to differentiate PCHEM versus lctitan, serbadk from the sumatec and carimin. I have my own palm smallholding in tawau and worked on refinery with boilermech before buying QL. I have worked with gkent before I even considered buying their shares last year. I have helped out paysys ingenico with some projects before giving stoneco a second look, I have followed yinson for 2 years before buying into it. My wife works for public bank before I learned how they structured their loan portfolio.

Believe me when I say to properly scuttlebutt, you need 10 years of knowledge before you can click the button. Even then, your stocks can drop in a blink and profit turns into losses.

Buying stocks is risky. When you think buying a company just because it is selling below nta( value investing margin of safety) is safe, that is when you do not look at ALL the factors. There are many other types of margins of safety, which I am sure you are starting to realize, after disasters like xinquan( NTA margin of safety), hengyuan (PE margin of safety), you will start to realize things like management ownership ( share buyback, shareholder margin of safety), consistency ( growth of earnings and revenues/debt margin of safety), performance ( ROE margin of safety).

The goal is not to make you rich. It is to help you make better decisions. When you finally start to like analyzing companies, doing valuation and reading about reports for fun? Then you will be rich automatically.


>>>>>>

Dear Philip,
Can you please refrain from smearing the good name of INSAS BOD and management team with your wild and malicious accusation of game the system without any clear evident or fact?

I had met and talk to Dato’ Dr Tan on INSAS Tech venture (challenge, success and failure rate) and Dato’ Wong on business rationale.

My advice to you, please empathize with those going through difficult time during this Covid-19 crisis and seeing their Investment value fall by more than 50%. Please do not spread fake news to create fear that does not benefit anyone. If you have crystal ball please tell us what shares to buy now that will give us 100% gain in 1 year time, spare us your lecture on quality investment for long term of 10 years for no one know are we still alive in 10 year time.

Thank you

This is what INSAS should be doing when it is selling for 20% of NTA. Buyback shares and increase value.

Sslee, you need to be rational in your investments and ask the important questions. If INSAS is the MOST undervalued company in Bursa, then why is no one touching it, including management?

>>>>>>>>>

https://www.aljazeera.com/ajimpact/investors-pounce-softbank-shares-re...

When a growth company like serba dinamik is willing to buy back shares when management considers it undervalued, then you know the company is doing something.

20-Mar-2020 20-Mar-2020 Buyback 2,876,500 1.230 1.300 View Detail
16-Mar-2020 16-Mar-2020 Buyback 5,300,000 1.500 1.560 View Detail
13-Mar-2020 16-Mar-2020 Buyback 6,884,500 1.500 1.600 View Detail
13-Mar-2020 13-Mar-2020 Buyback 1,584,500 1.590 1.600 View Detail
10-Mar-2020 10-Mar-2020 Buyback 1,518,000 1.840 1.850 View Detail
09-Mar-2020 11-Mar-2020 Buyback 9,018,000 1.840 1.990 View Detail
09-Mar-2020 09-Mar-2020 Buyback 7,500,000 1.879 1.990

Today INSAS history is at the lowest point, it is beyond a screaming buy. Yet the management does nothing. Why? What is the rationale? To protect the director that has 33% and not willing to trigger mgo? If not willing then why not give out a part of that 1.7 billion (330 million is a good start) on a special dividend to all shareholders. A special rm 1 dividend to long term shareholders.

Then I will believe INSAS is doing the right thing for investors and the price will surely go up.

But I believe they cannot, and will not.

INSAS history of buybacks is only up to 2015. Why?

16-Jan-2015 16-Jan-2015 Buyback 200,000 0.890 0.895 View Detail
16-Jan-2015 16-Jan-2015 Buyback 200,000 0.890 0.895 View Detail
12-Jan-2015 12-Jan-2015 Buyback 100,000 0.820 0.820 View Detail
09-Jan-2015 09-Jan-2015 Buyback 200,000 0.825 0.830 View Detail
06-Jan-2015 12-Jan-2015 Buyback 600,000 0.775 0.830 View Detail
06-Jan-2015 06-Jan-2015 Buyback 300,000 0.775 0.775 View Detail
23-Dec-2014 23-Dec-2014 Buyback 200,000 0.810 0.820 View Detail
23-Dec-2014 23-Dec-2014 Buyback 200,000 0.810 0.820 View Detail
16-Dec-2014 16-Dec-2014 Buyback 200,000 0.755 0.755 View Detail
16-Dec-2014 16-Dec-2014 Buyback 200,000 0.755 0.755 View Detail
14-Oct-2013 14-Oct-2013 Buyback 200,000 0.590 0.595 View Detail
11-Oct-2013 11-Oct-2013 Buyback 100,000 0.600 0.600 View Detail
10-Oct-2013 10-Oct-2013 Buyback 300,000 0.610 0.610 View Detail
09-Oct-2013 14-Oct-2013 Buyback 997,700 0.590 0.610

Example company G

26-Mar-2020 26-Mar-2020 Buyback 20,000 0.535 0.545 View Detail
25-Mar-2020 25-Mar-2020 Buyback 25,000 0.500 0.520 View Detail
24-Mar-2020 24-Mar-2020 Buyback 20,000 0.495 0.510 View Detail
23-Mar-2020 23-Mar-2020 Buyback 155,000 0.475 0.490 View Detail
20-Mar-2020 20-Mar-2020 Buyback 230,000 0.490 0.530 View Detail
19-Mar-2020 19-Mar-2020 Buyback 440,000 0.435 0.490 View Detail
18-Mar-2020 18-Mar-2020 Buyback 655,000 0.475 0.510 View Detail
17-Mar-2020 17-Mar-2020 Buyback 260,000 0.485 0.535 View Detail
16-Mar-2020 16-Mar-2020 Buyback 32,000 0.540 0.570 View Detail
13-Mar-2020 13-Mar-2020 Buyback 480,000 0.590 0.680 View Detail
12-Mar-2020 12-Mar-2020 Buyback 60,000 0.715 0.730 View Detail
11-Mar-2020 11-Mar-2020 Buyback 70,000 0.760 0.780 View Detail
10-Mar-2020 10-Mar-2020 Buyback 160,000 0.720 0.755 View Detail
09-Mar-2020 16-Mar-2020 Buyback 927,000 0.540 0.780 View Detail
09-Mar-2020 09-Mar-2020 Buyback 125,000 0.745 0.755 View Detail
05-Mar-2020 05-Mar-2020 Buyback 10,000 0.840 0.840 View Detail
03-Mar-2020 03-Mar-2020 Buyback 40,000 0.855 0.860 View Detail
28-Feb-2020 28-Feb-2020 Buyback 30,000 0.815 0.840 View Detail
27-Feb-2020 27-Feb-2020 Buyback 70,000 0.855 0.860 View Detail
26-Feb-2020 26-Feb-2020 Buyback 10,000 0.865 0.875 View Detail
25-Feb-2020 05-Mar-2020 Buyback 180,000 0.815 0.875 View Detail
25-Feb-2020 25-Feb-2020 Buyback 20,000 0.875 0.875 View Detail
20-Feb-2020 20-Feb-2020 Buyback 20,000 0.905 0.905 View Detail
19-Feb-2020 19-Feb-2020 Buyback 10,000 0.900 0.900 View Detail
18-Feb-2020 18-Feb-2020 Buyback 20,000 0.905 0.905

Example company Q

EMPLOYEES PROVIDENT FUND BOARD 23-Mar-2020 Acquired 620,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 23-Mar-2020 Acquired 205,500 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 20-Mar-2020 Acquired 1,667,600 0.000
EMPLOYEES PROVIDENT FUND BOARD 20-Mar-2020 Acquired 490,900 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 19-Mar-2020 Acquired 2,452,000 0.000
EMPLOYEES PROVIDENT FUND BOARD 19-Mar-2020 Acquired 528,300 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 19-Mar-2020 Acquired 280,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 18-Mar-2020 Acquired 416,700 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 18-Mar-2020 Acquired 171,900 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 17-Mar-2020 Acquired 4,249,300 0.000
EMPLOYEES PROVIDENT FUND BOARD 17-Mar-2020 Acquired 375,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 16-Mar-2020 Acquired 2,015,700 0.000 V
EMPLOYEES PROVIDENT FUND BOARD 16-Mar-2020 Acquired 208,300 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 16-Mar-2020 Acquired 175,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 13-Mar-2020 Acquired 985,800 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 13-Mar-2020 Acquired 300,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 12-Mar-2020 Acquired 178,600 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 12-Mar-2020 Disposed 193,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 11-Mar-2020 Acquired 287,900 0.000

Example company Y:

26-Mar-2020 26-Mar-2020 Buyback 70,000 5.200 5.200 View Detail
23-Mar-2020 23-Mar-2020 Buyback 40,000 4.580 4.580 View Detail
20-Mar-2020 20-Mar-2020 Buyback 115,000 4.600 4.670 View Detail
19-Mar-2020 19-Mar-2020 Buyback 437,000 4.240 4.880 View Detail
18-Mar-2020 18-Mar-2020 Buyback 320,200 4.980 5.290 View Detail
17-Mar-2020 17-Mar-2020 Buyback 91,900 4.880 5.120 View Detail
16-Mar-2020 16-Mar-2020 Buyback 245,000 5.110 5.630 View Detail
13-Mar-2020 13-Mar-2020 Buyback 1,100,000 5.600 6.000 View Detail
12-Mar-2020 12-Mar-2020 Buyback 138,000 6.090 6.300 View Detail
10-Mar-2020 10-Mar-2020 Buyback 33,000 5.900 6.100 View Detail
09-Mar-2020 16-Mar-2020 Buyback 2,232,000 5.110 6.500 View Detail
09-Mar-2020 09-Mar-2020 Buyback 716,000 5.910 6.500 View Detail
03-Feb-2020 03-Feb-2020 Buyback 55,900 6.180 6.190 View Detail
31-Jan-2020 31-Jan-2020 Buyback 20,000 6.190 6.190 View Detail
30-Jan-2020 30-Jan-2020 Buyback 60,000 6.190 6.200 View Detail
29-Jan-2020 29-Jan-2020 Buyback 11,800 6.190 6.200 View Detail
28-Jan-2020 03-Feb-2020 Buyback 209,800 6.180 6.200 View Detail
28-Jan-2020 28-Jan-2020 Buyback 62,100 6.180 6.200 View Detail
22-Jan-2020 22-Jan-2020 Buyback 70,000 6.230 6.230 View Detail
20-Jan-2020 20-Jan-2020 Buyback 470,000 6.180 6.250 View Detail
17-Jan-2020 17-Jan-2020 Buyback 170,000 6.220 6.270 View Detail
16-Jan-2020 22-Jan-2020 Buyback 907,000 6.180 6.280 View Detail
16-Jan-2020 16-Jan-2020 Buyback 197,000 6.200 6.280 View Detail
15-Jan-2020 15-Jan-2020 Buyback 144,000 6.220 6.230 View Detail
14-Jan-2020 14-Jan-2020 Buyback 68,000 6.220 6.290

Hi sslee, I am not smearing name or asking anyone to sell INSAS to buy my shares.

But I do think one should think clearly and ask these relevant questions:

1. If INSAS is so undervalued with 1.7 billion in assets and market value of 300 million, why doesn't it buy back shares, increase dividends and grow it's core revenues and earnings?
2. If INSAS sis so undervalued, why are institutional investors and professional funds staying away?
3. If INSAS core business if so strong, why does it subsidiaries keep bleeding money off the books?
4. If INSAS is so undervalued, why has its revenues and earnings keep dropping the last few years?

Then why delete comments? If you stop deleting I'm sure they will stop commenting.

What cartoons have you been watching? What robbing rich? Came me one rich person I am robbing? You are fraud using church to collect money from families for your own nefarious purposes using the name of God.

Shame on you. When people call and need help you talk about useless brainless things.

What end justifies what means?

If we can help people to turn the corner and recover from corona viruse, then it is the right thing to do.

Unlike you leading people into NETX knowing full well they will not benefit from NFCP and it will be delayed until the crisis is over and economy can recover.

Just look at the stimulus projects announced for Sabah and Malaysia today.

Now is not the time for frivolous investments when many small companies lives are at stake.

NFCP?

Not
For
Calvin
Profit



>>>>>

Posted by calvintaneng > Mar 26, 2020 3:08 PM | Report Abuse

THE END DOES NOT JUSTIFY THE MEANS

THINK ROBINHOOD OK TO ROB RICH HELP POOR?

YOU HAVE DONE ILLEGAL THING AND STILL WANT TO JUSTIFY IT?

Fabricated or misrepresented, it is not being used in a way that benefits shareholders, the owners of the company.

In other words, a few are benefiting over the many.

If you want to invest in companies that do not treat you as a partner, you should be ready for the consequences.

It's ALWAYS a bargain price. For the last 5 years INSAS has remained a bargain.

Why?

When your core business is helping people buy and sell stocks, it is easy to game the system by setting the accounting up so that it ALWAYS looks nice on paper.

Those who are novices to buying stocks always use basic valuations like PE growth investing, NTA for value investing and cash/debt ratio for margin of safety.

But those who have been investing for a long time know exactly what to look for and where they hide the figures and real world values.

Now that the market is down, real world questions apply.

1. If INSAS is so undervalued with 1.7 billion in assets and market value of 300 million, why doesn't it buy back shares, increase dividends and grow it's core revenues and earnings?
2. If INSAS sis so undervalued, why are institutional investors and professional funds staying away?
3. If INSAS core business if so strong, why does it subsidiaries keep bleeding money off the books?
4. If INSAS is so undervalued, why has its revenues and earnings keep dropping the last few years?

Thank you.

CONMAN STOCKS LIKE NETX AND VALUE TRAPS LIKE INSAS?

Post removed.Why?

Did you see Yinson revenue this quarter? that is no error. Lease for FPSO Helang started this quarter, profits and huge earnings to come soon, when billings are up.

>>>>>>


qqq33333333 in the era of corona, every sector is damaged.
26/03/2020 2:17 PM