I m right loh!

My source 007 investigation team always give an accurate credible intelligence for me mah!

The uniting factors for our children are sports, make money schemes, having funs and celebrations

Remember Religion is generally divisive unless u embrace & join a particular religion, but then u only unite within that religion loh!

Better sell loh!

Overvalue mah!

Nta 13 sen
IPO 26 sen
Pe 30x

Do not worry loh!

Uncle Anwar will prevent this from happening loh!

Uncle Anwar will make sure LTAT run well like EPF mah!

TTB acted like soorhaiis on its dividend proposal loh!

The question is.....share price under performance.....nothing to do with.....value generations mah! But shareholders get rewarded by under performance bcos of under performance loh!

Icap must commit genuinely & pay 6 sen div per yr lah!

Still a worthwhile investment at this price of Rm 8.77 mah!

Just think lah.....u get a dividend yield of 7.4% which is top highly attractive mah, where can find leh ?

I thought u sold all your bplant & put all to TSH ??

Posted by calvintaneng > 3 minutes ago | Report Abuse

Shhh

Keep quiet lah

The non bumi especially the chinese must continue to support the Unity Govt loh!

Do not switch your support MCA n MIC.....bcos these parties have risk of defecting to PN loh!

Remember after GE 15 result.....MCA & MIC nearly supported Muhhiddin loh!

So becareful loh!

The disposal of land & a very special div payout very attractive mah!

DO NOT BE SO0RHAIIS LIKE JOHN LOH!

JUST LOOK AT PROFITABILITY OF INSAS & NET CASH IT HAS....FAR EXCEEDING MOST LISTED CO IN KLSE LOH!

TELL ME WHICH ARE THE STOCKS HAVE BETTER FUNDAMENTAL THAN INSAS RIGHT NOW LEH?

DO NOT KON BY JOHN CHEW LOH!

General Raider sokong Captain Mabel meow meow kuat kuat loh!

The target return of sapnrg is high with target price above 11 sen loh!

SELAMAT DATANG SAPNRG $$$$$$$$$$$$ LOH!

Bplant takeover return is like putting monies in fixed deposits for 6 mths & getting return of 25% pa if u buy bplant at rm 1.39 to 1.40 loh!

Do not worry loh....!
By June 2014 Rm 1550 cash per share will masuk pocket mah!
This Ltat takeover of bplant no play play, supported by Anwar & back by Malaysia Govt loh!

This Insas thread have been monopolised by a bunch of soorhaiis like Johnchew who day in day out discredit insas & people like qqq , zuliana who post nothing related to insas or post something just for entertainment loh!

As a result, this wii crowd out....genuine insas sifu like Sslee & Leno promoting Insas here loh!

GENERAL RAIDER NEED TO HIGHLIGHT, that THERE IS BIG OPPORTUNITY COMING TO INSAS LOH!

Insas is going to fly above Rm 1.00 by end of the year loh!

And it will fly very high above Rm 1.00 next year loh!

Why leh ?
This prediction are backed by fundamental and all backed by earnings, nta, net cash per share, strong cash generations, business growth prospects, genuine good management & corporate governance and the consistency of dividend payout & growth mah!

DO NOT MISSED THIS OPPORTUNITY LOH! BUY B4 TOO LATE! BY B4 IT FLY LOH!
GO FOR IT MAH!

Fly, insas fly
Fly, insas fly
Fly, insas fly
Up, up to the sky

Fly, insas fly
Fly, insas fly
Fly, insas fly
Up, up to the sky

SURE FLY LOH!

U must think lah!

Anwar....has limited choice mah!

If he take the malays head on....the Unity Govt may not survive loh!

Thus anwar must be careful in order to win...........he needs to take care of the malays but without alienating the non bumi....he need to achieve the middle ground mah!

Anwar cannot tell the Indian girl....yes the malays took 90% of university quotas.....but look at the employment.....the malay graduate did not manage....to get high paying jobs bcos many employers view the public university low quality loh!

They prefer university that push for meritorcracy like sunway university & tar university loh!

He cannot ask the indian girl why she do not want to go to TAR University, when it is of high quality & highly affordable leh ??

Also TAR university already got medical course mah!

once bplant deal is done....affin bank will be the next mah!

the engine has started loh!

Vroom.....vroom....vroom loh!

Osk is doing ok mah!

Yes it is undervalue..........but mkt is concerned with OSK high level of borrowing loh!

But....u need to take a look on OSK balance sheet......it has substantial exposure in Rhb Bank....if OSK sell Rhb.....it can settle all its debts plus paying a huge div to its shareholders mah!

Insas is trying to break out from the 90 sen resistance loh!

Once this level is breached decisively the next target is Rm 1.00 mah!

Fair value of insas is Rm 2.00 to Rm 3.00 mah!

Do not waste time loh!

Let msian thrift in oversea mah!

If u brain them back....msia do not have the infra to support this skillful people mah!

If they prosper oversea .....they can invest in msia & send money back to their parents & family loh!

A good example is Sifu Sslee a reputable engineer mah!

Can switch to affin loh!

If u cannot get compounded return of 8% pa over 5 to 10 yrs....than this investment is under performing loh!

I think jtiasa can outperform agst nestle & dlady over the next 2 yrs loh!

If u look at the performance of past 3 to 5 yrs.....relatively Pmcorp is outperforming against Dlady share price loh!

If u look at the performance of past 3 to 5 yrs.....relatively Pmcorp is outperforming against Dlady share price loh!

At 5.5 sen opportunity loh!

Yeah loh!

3iii has no balls & give his wrong bluechip advice.....buying at over value price loh!

Alot of investors are stucked in his overvalue stock like Dlady Rm 70 & nestle Rm 180 mah...listening to 3iii advice loh!

He talk kokkk like investing in his overvalue bluechip is a sure win & no downside preposition loh!

Jangan takut mah!

Every year got new disease challenge loh!

Trust our immunity can fight it loh!

Good for nothing John is wasting time in Insas talking nonsense & chasing away my integrity sifu sslee who contributed alot of well being to I3 investors loh!

John is destroying quality in I3 with his nonsense ill intention posting loh!

This sooochai bad mother now spread his disease to success transformer loh!

This is a quiet counter & should not deserve bad element like john loh!

At least VT officially rectified the shareholder spread loh!

All bplant plantation is in msia n have some of it have good property development plantations whereas klk land a majority of it is indonesia & have shorter lease period mah!

Thus investing in msia in plantation is much safer loh!

Lu tau boh ?

U see...the strategy is not over pay mah!
At rm 1.98 it is overvalue loh! thus avoid loh!

At Rm 0.99 it is at a big discount of 50% and with deep undervaluation, u jump in to buy to take advantage mah!

Maybank v UTD Plant.............u r not comparing apple to apple mah!

However the both are the leader of banking n plantations mah!
They are both paying div yield exceeding 6% pa mah!

Thus both are highly investable loh!
Thus depending on your stock profile....if u have too many banking stocks...u can buy into UTD Plant & vice versa loh!

However if u ask me which is better maybank v pbank leh ?

I say Pbank is much safer but maybank give u a bigger div yield loh!

See research is another silly research Co.....with no better things to say other than to bad mouth TSH in which....it is highly investable at this opportunity investable price loh!

WHAT TYPE OF RUBBISH THIS 3iii DISCLOSE ON INSAS VALUATION BASE ON ENTERPRISE VALUE LEH ?

THE CORRECT COMPUTATION OF INSAS ENTERPRISE ARE AS FOLLOWS LOH!

INSAS PROFIT B4 TAX.................. ................. RM 134.5M
ADD BACK FINANCIAL EXPENSE................ RM 18.8M
ADD BACK DEP & AMORTIZATION........... RM 9M
TOTAL EBIDTA................................................... RM 162.3M
ASSUME THEY REQUIRE A RETURN OF 12.5% PA......THUS THE FACTOR IS 8X LOH!

THUS ENTERPRISE VALUE FOR INSAS IS 162.3 X 8 = 1298.4M OR RM 1.87 PER SHARE LOH!

BY RIGHT....AFTER U HAVE DERIVE THE ENTERPRISE VALUE U NEED TO DEDUCT THE OUTSTANDING INSAS DEBTS & TO ADJUST FOR THE OUTSTANDING WARRANTS LOH!
BUT IN THIS CASE.....THIS IGNORED BCOS INSAS CASH EXCEEDS ITS OUTSTANDING DEBTS & THE WARRANT EXERCISE PRICE OF 90 SEN IS QUITE CLOSE TO THE SHARE PRICE MAH!
IN ADDITION WE HAVE NOT FACTOR IN....THE HIDDEN UNREALIZED GAIN OF INARI & M&A WHEN WE MARK TO MKT.

THUS INSAS ENTERPRISE VALUE OF RM 1.87 PER SHARE IS STILL HIGHLY UNDERVALUE BEARING IN MIND THE NTA IS RM 3.53 PER SHARE & TRADING AT A PE OF 5.2X LOH!

Insas very good investment at current price mah!

Lu tau boh ?


Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 hours ago | Report Abuse


Insas

MKT Capt (RM m) : 634.4
ENT Value (RM m) : 129.0

SPOT ON SIFU SSLEE ANALYSIS BELOW LOH!
SIFU SSLEE IS BECOMING MORE & MORE SKILLFUL IN HIS ANALYSIS MAH!

SSLEE IS A MAN OF INTEGRITY & FOLLOWING SSLEE IS SAFE MAH!

Posted by Sslee > 3 hours ago | Report Abuse

Good morning i3lurker,
What ever inside Insas is shareholders' money.
In theory you can spent 800 million to take over Insas and then use Insas cash to pay off your borrowing and all the rest of insas is yours for free.

Repost:
Is that sooooooo stupiiiiiiid someone cannot read nor understand what I posted on:
M&A Securities SDN BHD financial highlight: A 100% holding of Insas before RTO of SYF.

FYE 30 June
2019 2020 2021 2022
RM’000 RM’000 RM’000 RM’000
Revenue 26,314 36,978 68,906 48,541
Other items of income
15,791 18,646 33,291 28,900
Items of expense (33,353) (42,855) (77,420) (54,632)
PBT 8,752 12,769 24,777 22,809
PAT 6,552 9,172 18,764 17,916

Can anyone understand english kindly explain to sooooo stupiiiiiid why staff expense increase in 2021?

RI of Insas-PB with free Insas-WC is a way to reward shareholders. You can either sell your entitlement or subscribe for the RI
I subscribe for my RI entitlement with 10% excess application and later sold the WC for a 6 digit gain.

Someone is very jeleous I make 6 digit gain from the WC.
Recently bought back some WC because history will repeat again. In the past someone promote PA, and WC rocket pass PA. Now that someone day and night promote Jaks hence WC will/shall rocket pass Jaks soon.

去年同期脱售联号公司所有股权录得1亿3130万令吉一次性收益，托高了对比基数
One-off exceptional gain on deemed disposal of equity interest in associate companies of RM 131.3 million.
Do anyone know what is deemed disposal?

Associated co - Inari completed private placement of 10% share at RM 3.10, way above its NTA per share, & insas needs to account for its equity accounting (Inari) share of share capital/reserve increase of RM 131.3 million, purely accounting treatment in compliance with FRS. Non cash flow but increase in assets.
Balance sheet the non current asset associate companies value increase by RM 131.3 million.

Did someone know Jaks every year PP way below NTA?

Insas still hold 537,008,575 inari share (associate company) and
1,215,718,665 M&A an effective holding of 60.83% subsidiary company of Insas.
Know what is the market value of 537,008,575 inari share and 1,215,718,665 M&A share?
Know insas yearly dividend income from Inari alone?

Since when a car rental business in Singapore is profitable?
Someone must be smart to dispose capitalA for disposal gain before Covid-19 strike. Only dumb dumb hold Icapital TTB still holding capitalA before covid-19 untill now. Most likely TTB will still dumb dumb hold capitalA till suspension and delist

By the way Omesti is not an Associate company of insas: In balance sheet it is one of many equity investment held in current assets: Financial assets at fair value through profit or loss, as at 30/6/2023 that assets at mark to market value: RM 222,832,000

As at 30/06/2023
NAPS: RM 3.53
Deposits with licensed banks and financial institutions: RM 943,505,000
Cash and bank balances: RM 104,747,000
Total: RM 1,048,252,000
Less:
Cash and bank balance pledged: RM (2,376,000)
Fixed deposits pledged: RM (233,801,000)
Free Fixed deposits and cash and bank balance: RM 812,075,000

Dap is doing the right thing to protect msia mah!

Do not get distracted on this temp issue loh!

Collect it when cheap mah!

Opportunity loh!

Selamat datang mah!

U need to know....TSH is a cyclical commodity stock....u buy when it is at low & cheap mah!

Now the price is reasonable cheap & attractive mah!

At this price is reasonable cheap mah!

The target price is Rm 3,20 mah!

Msia will move into next phase & forget about green wave loh!

Anwar still have 4 yrs to put the economy in order loh!

Coming loh!
Share price moving up soon loh!

Giving Sarawak own currency run the risk of sarawak becoming independent from the Federation of Malaysia mah!

Very high risk loh!

TTB miss opportunity of making a killing for shareholders of Icap & for capital dynamics when this stock is trading at a discount of 40% to 50% to its NAV mah!

Instead of taking advantage of this unique opportunity TTB chose to put its fund to FD & argue with its biggest shareholders city of london mah!

Thus likely Icap will be liquidated going fwd....it will be too late for TTB to salvage bcos his reputation is impaired due to his previous 8 yrs poor performance loh!

Posted by ZhugeLiang88 > 4 days ago | Report Abuse

I find the biggest issue is the lack of alignment of interest between the Fund Manager and the owners of the fund. And due to that, human psychology will kick in to bend the truth to a reality that is acceptable by them. Example, Elizabeth Holmes (former CEO of Theranos) really did believe she was helping the world (Source: https://www.cnbc.com/2018/08/22/ex-theranos-ceo-holmes-believed-she-was-helping-the-world-author-says.html). Thus, its no surprise TTB truly believe Share Buyback (SBB), when bought at a discount to NAV, does not help in reducing the discount, because it is against the fund manager's benefits.

The easiest is to have a SBB policy, to buy back from the open market anytime the discount is say 2% or more of the fund's NAV, and to sell shares back to open market when the stock price is 2% or more of the NAV, with unlimited capital, with no expiration date.

Another option (which can also be done together with the above), is to align the fund manager's interest with the shareholders, namely:
1) Modify the fund manager's pay from 1.5% of NAV, to 1.5% of Market Cap.
2) Pay the fund manager in units, instead of cash.
3) Requires the fund manager to own at least 5 years of his/her compensation in the fund (equivalent to 7.5% of the fund's NAV).
4) Pay the fund manager a fixed fee (or better yet, fixed units), and not percentage of the fund size.

The (4) options above isn't as good as SBB when at discount to NAV and selling those shares at premium to NAV, but it is still way, way better than current arrangement

Of course, to do all these, it requires smart shareholders to vote wisely for directors that would effect those changes, Just like the our Malaysia's politics, It requires that the voters be smart to choose the right leader to effect a change towards better Malaysia.

U check the bursa disposal announcement for STAR.....Thong did not really sell his holding of more than 5% mah!

Thong Cakap tak serupa bikin mah!

Thus no panic....better hang on STAR or buy more loh!

Min GO Price Rm 1.55 loh!

No chance of lower or downside mah!

The takeover need shareholders of bstead holding approval but already fully privatise mah!

Thus Ltat is the shareholder approving of the GO loh!

Investor holding on bplant hoping revision of GO price above rm 1.55 still has a small chance loh!

But the worse scenario still can expect a FD rate return of 8% pa base on completion of GO of Rm 1.55 within 4 mths mah!

Insas steadily gain small everyday loh!
Got opportunity to make very big big loh!

Can buy insas mother or warrant mah!

Insas mother for the pure fundamentalist mah!

Insas warrant for the dynamic aggressive investor loh!

Both odds of wining veli high mah!

U can see, if u invest into Plantations it is like u r investing into past, present & future wealth all in one mah!

Past wealth
1. Suppose u buy into a plantation co with net cash per share at a price of rm 0.70 and this co has an nta of rm 1.20.....u r already benefiting from the past wealth by buying at a good discount loh!

2. Present wealth
Right now u are benefiting from its earnings of 6 sen per share and the div of 3 sen pa....thus giving u a decent earnings & dividend yield while u wait loh!
In addition....should the plantation co revalue its plantation currently....its nta could have been as high as Rm 1.80 giving u another potential higher margin of safety loh!

3. Future wealth.
Going fwd with continue development, economic growth, inflation and the company ability to grow its profit after deducting dividend payout......the future wealth of the co should grow every year......say in 7 yr time.....its value should be able to double loh!
Thus the plantation co u r holding with NAV of Rm 1.80......would have appreciated to Rm 3.60 NAV loh!

That how u invest in plantation....u buy 70 sen at a discount.............u get future wealth of rm 3.60 in 7 yrs time loh!

Very safe & steady investment strategy mah!