Today second day of rebounding upwards. TA looks promising for a return to uptrend. Once break above immediate resistant at 0.36, it will gain momentum. I’m glad I entered at 0.33. At least now is in the money ;)

I tend to agree with 10xGoreng that the company does not need any more money if there's an asset sale. And if you look into the accounts, there is a possibility they could do a bonus issue if the sale of asset is at premium, if not a one-off dividend. Worst come to worst, share price would benefit first before all these potential payouts.

I saw some earlier comments that there is a privatisation offer of 60c. Not a surprise too as company is way undervalued. If we use RM336mil equity divide by 495mil number of shares, the liquidation price is at 67c, which is approximately double from current.

This could be a hidden gem given that the property stocks are moving due to stability and proactive government. Malaysia Boleh!!

@Speakup, when did Insas do right issue? Rights issue has few purposes to raise money. Company in cash trap and need fund, shareholders dilution etc. Did Insas do right issue?When and why?