I only remember Insas-WC overshoot PA in 2021
And now Insas-WC overshoot Jaks

On both occasion my Insas-WC is multibagger.

I sold all my Insas-PB and buy Insas
Insas-PB pay 3.8% interest and will be redeemed at issue price RM 1.00 during maturity.

I do so because I beleive Insas can pay better dividend and Insas share price will spike up above RM 1.10 at least few times in the 5 year duration (Insas-PB mature in 5 years).

So far I am wrong on better dividend but right on Insas spike up above RM 1.10

Repost:
Insas a value trap is 100X better than booby trap (jaks and capA)set up by ALP and Stony to trap the greedy and gullible Mike- 🐀

Repost:

Income The problem is, I haven't seen anyone out there properly explain what's really going on – and what you need to do to prepare for it.
31/01/2024 11:00 AM

Allow me to explain the problem with Insas:
Market do not care Insas have
FD: RM 938,066,000
Cash and bank balances:RM 154,302,000
Associate company 527,008,575 Inari shares and subsidiary company 1,115,718,665 M&A shares.
Financial assets at fair value through profit or loss RM 228,481,000
Trade receivables: RM 517,332,000 of which RM 282,235,000 is loans receivables by Insas Credit & Leasing Sdn Bhd
Or
NAPS: RM 3.56
Market only value Insas as forward PE 5 to 10X.

Insas need to employ its cash hoard into new business/investment to generate more earning or else Insas will be forever a value trap.

Insas is value opportunities because many of Insas assets are profit generating and in the form of liquid assets.

Take for example cash and bank FD, holding in profitable listed companies Inari, M&A and etc. Loans given out by Insas credit and leasing and investment in fair value financial assets.

INSAS ORDINARY SHARES
Number of shares issued : 663,020,762 (excluding 30,327,291 treasury shares)
Class of shares : Ordinary shares
Voting rights : One vote per ordinary share

A 5% is 33,151,089 units.
I can only dream or wish I have that amount of money to accumulate 5%

But in fact every minority sharehders have every right to question and make their voice heard during AGM

Someone needed the Star Article to know Insas is value trap.
Leno already knew 20 years ago
I already knew 5 years ago

To unlock Insas value:
I try to ask for better dividend.
Leno try Insas canteeeek RM 6 RM 60 kambiiiiiing
Many newcomers hope some activist shareholder will come in to unlock the value

But I am sure BOD/management is trying hard to utilise the cash into new business to generate more incomes and entrap more value into insas.

无风无浪无常 will be much better.

Police traffic fines also must wait till big discount day only paid up.

Can you believe someone put their money in PN17 companies with negative NTA, billions in debts are now preaching margin of safety, price to book, gearing ratio and etc?????

Repost for your perusal:

As at 30/9/2023 Capital A
Current assets: RM 2,072,007,000
Current liabilities: RM 14,599,870,000
Net current liabilities: RM (12,527,863,000)
Shareholders’ equity RM (8,427,155,000)
Non-controlling interest: RM (2,101,925,000)
Total equity: RM (10,529,080,000)

Q2 and Q3 aviation loss making.
As at 30/6/2023
Revenue/ASK: Q2 USD 4.22 cents cumulative 6 months USD 4.28 cents
Cost/ASK: Q2 USD 5.01 cents cumulative 6 months USD 4.72 cents
Cost/ASK ex fuel: Q2 USD 3.32 cents cumulative 6 months USD 2.95 cents
Average fuel price USD 104 per barrel

As at 30/9/2023
Revenue/ASK: Q3 USD 4.35 cents cumulative 9 months USD 4.27 cents
Cost/ASK: Q3 USD 5.04 cents cumulative 9 months USD 4.82 cents
Cost/ASK ex fuel: Q3 USD 3.07 cents cumulative 9 months USD 2.97 cents
Average fuel price USD 131 per barrel

Question with 89% load factor capA aviation is lose making. What gone wrong with capA when SIA/many others airline make record profit but AA still lose making?

CapA aviation.
Q4 passengers carried: 14,879,889
Load factor: 88%
Operating aircrafts: 162
RPK (million): 17,243

Q3 passengers carried: 14,705,446
Load factor: 89%
Operating aircrafts: 152
RPK (million): 17,550

Q4 operation result tell you despite operating addition 10 more aircrafts then Q3 but the RPK for Q4 17,243 million is lower than Q3 17,550 million.

Possible bad news on the coming quarter result.
1. Big impairment losses.
2. No dividend from JHDP
3. LSS4 still lose making
4. Did not take up the 10% addition option because can't get bank loans
5. More lose on Malaysia contruction jobs and Mall operation
6. No new jobs order replenishment
7. Another PP or RI
8. Another LTIP free grant

Good news
1. .............

The last time I need to put in real money to buy Insas-WC to compete with Jaks. Only after more than 6 months insas price spike up, I sold my multibagger Insas-WC for handsome gain.

This time round just put in some money bought SCIB for fun and my timeframe RM1.00 or 1 year for another multibagger.

1.00 US Dollar =
4.7558657 Malaysian Ringgits
1 MYR = 0.210267 USD

View transfer quote
US Dollar to Malaysian Ringgit conversion — Last updated Feb 5, 2024, 02:46 UTC

But more importantly is, what we leave behind. What sort of society, what sort of country we leave behind.

So tell me again do we leave this world a little better than we found it???

02-Feb-2024 Insider Notice of new substantial holder - ABRDN HOLDINGS LIMITED on 30-Jan-2024.
Today SKPRES spike up because of Notice of new substantial holder.

We are still waiting for an annoucement of Notice of new substantial holder in Insas.

Or RM 1.00 so that I can tell everyone i3lurker punya multibagger

I support i3lurker
Keep till next year

Stock : 9237 - SCIB
Ref No. Date Transaction Type Quantity Price
119021328 05/02/2024 Buy 20,000 0.3700

OK bought the power of NOW

Last warning those still holding high PE, price to book, gearing ratio, negative equity, negative cash flow stocks: Tsunami is on the way

Below answer from someone running M&A securities on what happen recently: Spring house cleaning in progress.

Most banks & booking firms are not giving marginable value, cap the price or DF facilities for these stocks which are trading at very high PE & price to book.

Everything go back to fundamentals - PE, price to book, gearing ratio, cash per share, sustainable earnings on existing operations, good & conservative management team, rather than promises on new ventures & M&A transactions

Repost:
Insas a value trap is 100X better than booby trap (jaks and capA)set up by ALP and Stony to trap the greedy and gullible Mike- 🐀

INDIVIDUAL QUARTER: CUMULATIVE QUARTER
30/11/2023 : 30/11/2022: 30/11/2023: 30/11/2022
RM’000 RM’000 RM’000 RM’000
Professional fees and other operating expenses
(2,735) (2,046) (5,031) (4,054)

We longed for whatever we miss or don’t have and forget about what we have. We are trapped.

We are trapped in our past: Anger, arrogant, guilt, regret, resentment, grievance, sadness, bitterness, pain, hate and all forms of non-forgiveness.

We are trapped in our future: Hope, expectation, unease, anxiety, tension, stress, worry and all forms of fear.

Nothing ever happened in the past and nothing will ever happen in the future, it all happens in the Now. What you think of as the past is a memory trace, store in the mind, of a former now. When you remember the past, you reactivate a memory trace and you do so now. The future is an imagined now, a projection of the mind. When the future come it come as the Now. When you think of the future you do it now.

So set yourself free from the baggage of the past and the expectation of the future. Live in the present. “THE NOW”

Accept what you are now with no judgment. Acceptance does not mean give in or give up, it simply mean be aware and conscience of what you are NOW and take control of it. Act now.

If you are walking in the park, feel the breeze, see the radiant color of plant and flower around you, hear the voice of mother earth.

If you are nursing your baby feel the warmness, the heartbeat, the closeness, the bond and love that engage you both.

If you are reading a book feel it as if you are the author or the character in it.

If you are working feel your work as work of art and labor of love, feel your energy radiant from your body, the lightness of your body and clarity of your mind and if you met a deadlock take a break and engage with other activities, talk to your colleagues, family or play with your children, walk in a park and when you returned to your work the deadlock would seem not so complicated as you first encounter it.

If you find yourself quarrelsome, angry and frustrated it is your unconscious ego past and worrisome future that control you, be conscious now and relinquished your identification and freed yourself from your mind, when identification and ego melt away true communication begins.

If you find your life situation unsatisfactory, unpleasant or even undesirable, surrender to the “NOW” thus free yourself from the negative emotion of the unconscious past (Anger, arrogant, guilt, regret, resentment, self pity, sadness, bitterness, pain, hate and all forms of non-forgiveness) and feel the positive energy flowing through your body (Courage, passion, compassion, determination, strength, joy, calmness and peace of mind) aware and conscious of what you are now, take appropriate action to change the situation. Plan and focus on what you can do now, a step at a time, a word at a time. Make sure you don’t start to run “mental movies” project yourself into the future and so lose the now. Any action you take now may not bear fruit immediately but if you focus on each step you take now the future will take care of itself.

Hope everyone learns something, no point to visit past animosity and trapped yourself in the past

TTB: At our age, it is not about dollar and cent anymore. At our age we have got enough whatever it is already. But more importantly is, what we leave behind. What sort of society, what sort of country we leave behind. Thank you.

Can someone in the next AGM ask TTB "At our age, it is not about dollar and cent anymore. At our age we have got enough whatever it is already"

Will TTB work for free?

Post removed.Why?

Insas is a well known value trap, waiting for either BOD or activist shareholder to unlock Insas deep value. As on when the value can be unlock it can be tomorrow, next week, next month, next year or next decade no one know.

But surely on and off Insas share price will spike up because everyone have accounting knowledge will know indeed Insas is deeply undervalued.

In the past there are many fail start but will this time it is for real?

Anyway a value trap is 100X better than booby trap (jaks and capA)set up by ALP and Stony to trap the greedy Mike- 🐀

When you see TTB who has predicted market crash since 2014 and suddenly turn bullish about Malaysia Market 2024, you should know what is coming.

In the 2023 Investor Day of icapital.biz Berhad held on 5th Nov, I gave a rare presentation on Malaysia’s longer term investment outlook. My talk was titled “Why Now is the Right Time to Invest in Malaysia.” Other than China’s economy propelling ahead, the political stability that Malaysia has been enjoying recently will allow the country to
address her many structural problems.

In the midst of the pandemic recovery, geopolitical tensions, political turmoil, soaring inflation, volatile exchange rates and extreme climate, the future seems like a scary place to be in. My simple advice then was that now is the right time to invest in Malaysia and that icapital.biz Berhad deserve a place in portfolio of investors. I continue to maintain that view.

Everything go back to fundamentals - PE, price to book, gearing ratio, cash per share and etc.

Last warning those still holding high PE, price to book, gearing ratio, negative equity, negative cash flow stocks: Tsunami is on the way

Below answer from someone running M&A securities on what happen recently: Spring house cleaning in progress.

Most banks & booking firms are not giving marginable value, cap the price or DF facilities for these stocks which are trading at very high PE & price to book.

Everything go back to fundamentals - PE, price to book, gearing ratio, cash per share, sustainable earnings on existing operations, good & conservative management team, rather than promises on new ventures & M&A transactions

Post removed.Why?

Finally our i3 Simon Cowell:
The one and only one i3lurker blunt, controversial, bitingly critical, sarcastic, sharp-tongued, wisecracks and likes to trash talking every stock in i3 has tables turned on him.

Anyway I think i3lurker handle the situation very well.😁🤣👍👌

Posted by TheContrarian > Feb 2, 2024 7:19 PM | Report Abuse
Mr Sslee, did you manage to buy any KPS today?

I q buy 81 and 80.5 a bit late so did not match. Will try again on monday.

There are still a lot of hard work, many court cases to settle and many legacy issues to clear out before SCIB can truly turnaround.

Know why Bplant Sarawak hardly make any money?
Indonesians are many time hard working than Sarawakians because if Indonesians do not work then no income whereas we have too many hand out or free lunch.

KUCHING, 29 NOVEMBER 2023 – Industrialised building systems specialist, Sarawak Consolidated

Industries Berhad ("SCIB" or the "Company"), today celebrates significant milestone in its Q1FY2024 financial results. Demonstrating a remarkable turnaround, SCIB has not only boosted its revenue but also
transitioned into profitability, a testament to the strategic acumen and diligent efforts of its management team.

The Group announced a robust revenue of RM39.4 million for the quarter, a stellar 30% increase from the RM30.3 million recorded in the same period last year. This strong performance is further accentuated by a profit before tax (“PBT”) of RM2.1 million, a remarkable recovery from the loss of RM0.9 million in the corresponding quarter of the preceding fiscal year.

The Manufacturing division, the cornerstone of SCIB's success, reported a revenue of RM29.6 million and a PBT of RM4.2 million. This is a significant uplift from the RM24.2 million in revenue and RM1 million in PBT seen in the same quarter of the previous year, driven by increased sales volume of foundation piles and enhanced profit margins.

In the Construction/EPCC segment, the Company registered revenue of RM9.8 million, a positive development attributed to ongoing road maintenance and school projects, despite a marginal loss before tax (“LBT”) of RM0.3 million, primarily due to higher expenditures.

In the latest quarter, SCIB's financial performance significantly outstripped the previous period, with revenue soaring by 18.3% to RM39.4 million. This marked increase is a testament to the Company's robust sales and operational efficiencies. More impressively, PBT witnessed a remarkable leap, which is a clear indication of SCIB's successful strategic turnaround and management's effective decision-making in navigating the market and optimising operations. This outstanding growth in both top-line revenue and bottom-line profits underscores SCIB's strong market position and operational excellence.

Thanks i3lurker,
Will study SCIB this weekend.

AAX exit PN17 by debts restructure paying 0.5 cent for every dollor owed (included refund owed to customers), capital reduction , 10 to 1 shares consolidation and PP 32,258,066 AAX shares at RM 1.55 to boost the sahreholders' equity above min RM 40 million.

Can capA do above too to exit PN17?

i3lurker,
Are you serious about SCIB. It was NOT a mouse trap joke?

This morning only my q buy DXN 65 sen done.

Below what Philip analysis on SKPRES:

Philip ( buy what you understand) Some bad choices to be made, this year I cut loss of almost 50% on skpress for their reduction in contacts of Dyson that flew over to Vietnam due to lower costs and better supply chain management. I expect to be wrong, but I think for now I will transfer the funds to SDS over the week, bought from 0.72 onwards since 22 until thaipusam. I have good feelings about this little company that is pulling all the right decisions and managing it's growth very very well.
29/01/2024 9:52 PM

I follow TheContrarian q buy at KPS.

I think the last one will get 1 year free subscription OTB's stock picks and TA breakout alert.

As at 30/9/2023 Capital A
Current assets: RM 2,072,007,000
Current liabilities: RM 14,599,870,000
Net current liabilities: RM (12,527,863,000)
Shareholders’ equity RM (8,427,155,000)
Non-controlling interest: RM (2,101,925,000)
Total equity: RM (10,529,080,000)

To exit PN17 shareholders' equity must min RM 40 million.

Posted by i3lurker > Feb 1, 2024 2:19 PM | Report Abuse
knowing Tits & Nipples
CapA pays nothing
AAX pays nothing
Suiyee Sucker Bilis pays for everything 👍😁

Will nasdap suiyee sucker bilis pay???? Or passangers and tax payees pay???

Posted by The_JQuestion > Feb 1, 2024 11:42 PM | Report Abuse
I expect a 6 billion revenue report :)) ... that being listed in nasdap as planned and disposal to AAX

Someone likes eavesdropping but very poor in english, can't understand what is figuratively, literally or sarcastically speaking (
pariaa country, pariaaa ppl , pariaaa food …) thus keep twisting and turning other people word into an insulting spiteful attack.

For the record someone eavesdropping my advise/conversation with stockraider in Netx and Insas forum and since then keep twisting and turning my advise to stockraider as kon, attention seeker and etc.

By the way i3lurker, did he also fall for Enron jokes too and not just Hengyuan at 44 floor?

Why you can find the answer below:

FastMoney666 This is what KC Chong said in this blog re iCAp. SS Lee shared the link

"I also believe the fund manager is good one too and he should be able to grow the NAV of icap faster than the broad market. It helps if he has more humility. Just my personal opinion."

Humility is the key word😂😂
29/01/2024 6:44 PM

TotalEnergies has signed an agreement with OMV to acquire its 50% interest in Malaysian independent natural gas producer and operator (SapuraOMV) for $903 million (including the transfer of a $350 million loan granted by OMV to SapuraOMV). Sapura OMV is the joint venture between Sapura Energy BerhadSapuraOMV Upstream Sdn and OMV.

It mean TotalEngies pay OMV USD 903 million to take over 50: 50 JV SapuraOMV now become SapuraToalEnergies (50:50) and the intercompany loan Sapura owed to OMV is now intercompany loan owed to TotalEnergies.

Nothing change for Sapura.

I am still holding 950,600 unit of Insas shares.

CharlesT,
I already recovered back all the losses from Xingquan/red chip companies and also making profit from my shareholding and share trading not forgeting the dividend received.

My thousand thanks to all the Sifu's in i3 that teach and show me how to make money from Bursa.

Am I right to say if capA's aviation value at RM 4 billion and if AAX need to take over net liabilities of RM 10 billion from capA book then capA need to pay AAX RM 6 billion to complete the deal?

Just for information.
Month end Jan 2024
I make realized gain RM 350,401.93
Still holding book gain: RM 651,109.85
Dividend received:
Bonia: RM 500
Pantech: RM 2,625
Ewint: RM 3,000
Insas: RM 58,125

Repost:
Jan 18, 2024 12:10 PM | Report Abuse

I can't say tambah as I am also selling to take profit.

Most likely next round TheContrarian and me will only senyap senyap tambah when we slowly for months accumulate from 75 sen to 85 sen.

And leno will come out shouting Insas canteeeeeeeek when Insas-WC break thro' 40 cents.


Stock: [INSAS]: INSAS BHD
Jan 18, 2024 11:50 AM | Report Abuse

The story.
Insas is a well known value trapped.

The controlling shareholders Dato' Sri Thong and PAC together holding 32.96 % like to trap all the value inside Insas net worth with billion in cash, associate companies and liquid assets.

Insas need shareholder activist to unload the value inside Insas. As of when this shareholder/holders will come and unlock the value? No one know. Or can it be "ini kali lah"

Meanwhile smat investor TheContrarian love Insas for the below reason:
And me can only reasoning with BOD for a better dividend every year.

Posted by TheContrarian > Jan 16, 2024 11:43 PM | Report Abuse
Insas is a counter where we slowly for months accumulate from 75 sen to 85 sen and then wait and wait and wait and wait for the lovely days where price finally spikes above RM1.10 to start taking profits.