JAKS share price very boring lately. So spare me some time to promote Airasia haha. I have to declared that Airasia is now my major holding and i am promoting so that you can help push up the price haha. I started buying AA at 0.735. Why? Nothing fundamental, purely rotational play into vaccine positive stocks since AA price was depressed. AA price was rightly depressed because of all the expected RI needed to stay afloat. I was hoping to sell AA at RM1 range but now i am keeping it in the fridge till further developments. Now, what are the developments i am excited about? Now, mind you, i am a businessman in nature so my decisions are based on business instinct and not supported by facts and figures like DK. 1. Tony (haha, first name basis) said recently, Thailand domestic travel back to pre Covid level. So, i guess us Asians are daring bunch. We rather die than not flying haha. I used to take average 80-100 flights a year and i look forward to at least half of that in 2021. I am scared of the needle but i am more scared of not able to fly haha. 2. Well, the game changer for me is actually Tony announced that AA got a digital banking license. Now, i was not an online person pre Covid. However, since Covid, i am at least 50 courier deliveries from Lazada etc. Now that i find it cheap and easy to do online, i doubt what else i gonna shop in malls? Now, now, wait wait, ok. Yes, it's not digital banking. Since i got time, let me long gas a bit haha. Also, during this lock down period, i started listening to Jack Ma on youtube. Yeah, i wished i have heard it earlier than i would have made tons of money in Alibaba. Still, i am gonna buy Alibaba because i believe as Jack Ma said, online thingy still in it's infancy. Now, in Malaysia, if you wanna talk about entrepreneurship, if not Tony than who? (Maybe Vincent Tan haha!!) 1 thing i learnt from Jack, big data is the future. AA has 60% of Malaysian's information after operating in Malaysia for almost 20 years? So, if anyone gonna succeed in digital banking, i would bet AA. Now, banking is a money printing machine in Malaysia. Just look at how much Affin is worth. (RM3B and i have never set foot in this bank) Now, i don't know how much AA's worth and i will let it run baby. Hopefully, you have awaken from your glove dreams and start shifting to AA to help me push up the price so i can retire early.
khatu,, i hope you correct....but why would you share it out if the news so accurate? sorry, just cant believe people will share profit....china man characteristic here.....:)
Big upside Potential for Insas Mah !! Do not missed loh...!!
The Q1 Sept 2020 already big turnaround in investment segment with overall profit registering rm 65m profit.
I think q2 Dec 2020 profit will even see higher gain with disposal of sengenics, Raider see come profit of Rm 100m loh...!!
That will raised Insas share price above Rm 1.00, just in time for the bullish RPS rights issue with 5 free warrants for every 2 RPS rights expected to come in February 2021 mah!!
Make your move early loh!! Very bullish scenario mah...!!
Raider see big upside potential loh!
Posted by Sslee > Dec 9, 2020 12:38 PM | Report Abuse
INSAS Annual Report 2020 Page 8: The main contributor of pre-tax profit in FY 2020 is the Technology segment accounting for RM32.0 million (FY 2019: RM62.9 million), followed by the Financial Services segment contributing RM31.3 million (FY 2019: RM25.2 million). As a result of the unfavourable factors highlighted above, the investment holding & trading segment suffered a pre-tax loss of RM49.2 million due to unrealised mark to market losses of financial assets at fair value through profit or loss and derivative financial instruments (FY 2019: pre-tax profit of RM1.5 million).
Q2 Result end 31th Dec 2020. 1. How much of investment holding & trading segment pre-tax loss of RM49.2 million due to unrealised mark to market losses of financial assets at fair value through profit or loss and derivative financial instruments will be written back? OCBC now Sing 10+ 2. Share of profit from associate companies Inari, Hohup and DGSB? 3. One off gain from disposal of Sengenics 4. Profit from M&A security and ICL?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Pington10
50 posts
Posted by Pington10 > 2020-12-13 16:12 | Report Abuse
Raider, your kukuciao very itchy is it? Keep promoting Insas to other counters? Want other people to absorb your net asset value trap?