At 1.30 the left hand already waiting since 9 am, the right hand will take it out for sure.

But Leno thinks at RM4.32 is still dirt cheap. Target price RM6.

Tong stated Insas is worth RM4.32.

@probability, Tong of The Edge cooking. You not aware?

Mikecyc, don't be so sensitive. MrSslee only kacau-kacau you.

Insas will take out 1.30, after that can go either way.

Insas will be soon announcing a corporate exercise that will take its price to RM6.

What happened to the 3rd wave ten years ago?

Tong Kooi Ong has set target price of Insas at RM4.32, still short of Leno's target of RM6.

@Mr Sslee I know that Baktihan is a 50-50 company owned by the Thong brothers.

I am having breakfast at a morning market and all I hear is people talking about the deeply undervalued Insas. Someone said Monday will go limit up, another day don't sell even limit order because it can go double limit up. Another said double limit up would take price to only RM2.02, Insas is worth RM3. Then another said RM3 still very cheap as foreign investors 2ill chase it up to RM6 as our ringgit so cheap today.

The 21,900 shareholders can collectively nominate and appoint their own board of directors.

Both Ah Thong and his brother are no longer directors, thus they can't really be "in control". Independent directors are supposedly running Insas.

If one were to scrutinize the Annual Report, Ah Thong merely owns 25% , his brother 11% but together they own short of 33% (this is weird Maths due to double counting). The rest numbering over 21,900 shareholders own 67%. Among the 21,900 is Mr Sslee, myself and hundreds of forum participants, most who have gone MIA but resurfaced recently.

Insas at 1.20 is so deeply undervalued that at that price you are actually getting the Inari shares free. EPF and KWP have been throwing tons of money buying Inari when they and other funds should be buying Insas and getting Inari free.

Insas isn't a value trap until you have experienced been trapped. Those who don't learn from that will be trapped until his last breath.

Tlticamara, why you need to cut loss? Thought everyone was making tons of money on Insas.

Mikecyc, any stock recommendations for tomorrow?

By end of this month Mr Sslee would have made total gains of 7 figures.

This January I was lucky 4 counters delivered fantastic return for me :
First, Kuchai (29/12 - 1.25 ; 19/1 - 1.73)
Second, SBagan (29/12 - 3.25 ; 19/1 - 5.04)
Third, Affin (29/12 - 2.08 ; 19/1 - 2.38)
Fourth, Insas (29/12 - 0.895 ; 19/1 1.19)

2.3 million shares put you in the top 30 shareholders list. You have a big voice in Insas AGM. We are grateful you fought for better dividend for us holders.

After selling 90% only got 1,000 shares left. Monday I sell 100 shares, Tuesday another 100 shares, Wednesday another 100 shares .........

Me small holder only got 10,000 shares, not like Mr Sslee who held over 2.3 million shares.

Mr Sslee throws a CNY dinner gathering for Insas participants. People will come from all over Malaysia, Sabah, Sarawak Leno will fly in from Perth wearing a sexy cat costume. We will yum seng to you.

Mr Sslee, you made so much on Insas you get throw a CNY dinner inviting all Insas forum participants here, including Mikecyc, Leno, speakup etc.

Dear Mr Sslee, a lot of people are upset with you for selling Insas "too soon". Maybe you should cease selling and start buying back because Insas will rise until six ringgit (Leno says not me). Monday comes please buy back Insas until RM1.50 so that all other Insas holders will get the chance to exit. :-D

One month ago the total gain of Insas from 2019 (86 sen) to 2023 (86.5 sen) was merely half sen. Nobody said Insas was deeply undervalued then. Today we see lots of water fish.

Mr Sslee here accumulated over 2.3 million Insas shares at one stage and yet the price drifted down lower and lower.

My initial layout on Insas would have tripled over the past ten years giving me a gain in excess of 200%.

The smart investor would have bought Insas in 2019 at 86 sen, sold all in 2021 at RM1.20, bought back in 2023 at 80 sen and sold last week atvRM1.28.

Mikecyc, speakup isn't stockraider or Gohku.

Lee Hock Leong isn't Leno.

MrSslee, did you unload Insas at 1.20 today because it couldn't stay above 1.20.

Mikecyc also made tons of money in Insas but he keeps quiet about it.

I like to buy companies with bad prospects like Kuchai, SBagan, Affin and Insas.

Next AGM speakup can bring up as Question no. 1.

Insas 6 ringgit ........ Insas 6 ringgit for 5 !
RM6 for 5 Insas shares.

Prospect very bad.

Bought at 34 sen today.

If goes to 80 sen will buy more.

Supermax I exited already at around RM24 or RM25.

Added more at 82 sen today.

Dow Jones closed up 200 points yesterday, so some confidence will return to our market, Insas will attempt 1.20 again.

An institution is allowed to hold up to 20%, so shouldn't be a problem. Above that level is going to be hard to justify.

Every undervalued laggard stock will spike up one fine day. Laggards are best to buy when it's hibernating and best to sell after it spikes.

@BLee, I have completely exited from Insas a few times before and got back again when price is cheap. I have done for other counters like Affin, KPS many times over and over again. What is certain from my over 30 years of investing in the stock market is that price will always fall back to the level I first bought or even lower.

Sarawak wishes for a bank ...... their very own bank ....... the closest to getting a bank is holding a substantial stake in a small bank like Affin.

Everyone admits that Insas is indeed deeply undervalued and has been deeply undervalued for over a decade. Insas is a classic "triad" category of stock. No one dates to attempt a hostile takeover as it would be risking your life to do so.

The pattern of spike I observe is a syndicate play. The timing of the "deeply undervalued" write up and comments are suspicious. This is already a known fact for the past 15 years.

Mikecyc is always here in Insas forum because he actually secretly buys Insas cheaply and disposes at high prices making tons of money. He doesn't reveal it but we know. Congratulations to him.