A DEEPER LOOK AT INSAS BERHAD. IS IT REALLY WORTH RM3.00 ACCORDING TO LENO?, Calvin Tan Research
July 27, 2018 By Calvin Tan Smart Investment
Hi guys,
Is INSAS BHD really worth Rm3.00 according to Leno
See
INSAS CANTEEEEEEEEEEEEEEEEEEEEKKKK !! RM 3 RINGGIT !! |
![]() |
Posted by Leno> RM 1 ? Fak u ! RM 3 RINGGIT ! RM 3 RINGGIT ! INSAS CANTEEEEEEEEEEEEEEEEKKK !!!’ |
LET US FIND OUT THE TRUTH
1) INSAS IS TOP HOLDER OF INARI SHARES
Plesae go to Bursa Saham Website. AR OF INSAS BHD & scroll down to Top 30 Substantial Holders
THIRTY LARGEST SHAREHOLDERS (Without aggregating the shares from different securities accounts belonging to the same depositor) NO. NAME NO. OF SHARES %
1 INSAS TECHNOLOGY BERHAD 216,846,250 10.73
2 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 138,983,700 6.88
3 MALAYSIA NOMINEES (TEMPATAN) SENDIRIAN BERHAD PLEDGED SECURITIES ACCOUNT FOR INSAS TECHNOLOGY BERHAD (01-00847-000) 56,000,000 2.77
4 CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLOYEES PROVIDENT FUND BOARD 48,006,850 2.38
5 DB (MALAYSIA) NOMINEE (ASING) SDN BHD BNYM SA/NV FOR ROCHDALE EMERGING MARKETS PORTFOLIO 40,314,879 2.00
6 HSBC NOMINEES (ASING) SDN BHD HSBC BK PLC FOR SAUDI ARABIAN MONETARY AUTHORITY 38,673,342 1.91
7 HO PHON GUAN 32,133,752 1.59
8 CARTABAN NOMINEES (TEMPATAN) SDN BHD PAMB FOR PRULINK EQUITY FUND 30,585,800 1.51
9 UOBM NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR INSAS TECHNOLOGY BHD 30,000,000 1.49
10 PERMODALAN NASIONAL BERHAD 27,735,700 1.37
11 ALLIANCEGROUP NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR INSAS PLAZA SDN BHD (6000068) 25,000,000 1.24
12 AMANAHRAYA TRUSTEES BERHAD PUBLIC ISLAMIC SELECT TREASURES FUND 24,897,400 1.23
13 CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLOYEES PROVIDENT FUND BOARD (NOMURA) 24,300,000 1.20
14 M & A NOMINEE (ASING) SDN BHD FOR WANG RICHARD TA-CHUNG 24,082,256 1.19
15 MAYBANK NOMINEES (TEMPATAN) SDN BHD MAYBANK TRUSTEES BERHAD FOR PUBLIC REGULAR SAVINGS FUND (N14011940100) 22,576,200 1.12
16 HSBC NOMINEES (ASING) SDN BHD BBH AND CO BOSTON FOR VANGUARD EMERGING MARKETS STOCK INDEX FUND 21,895,900 1.08
17 CITIGROUP NOMINEES (ASING) SDN BHD EXEMPT AN FOR CITIBANK NEW YORK (NORGES BANK 14) 20,058,752 0.99
18 UOBM NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR INSAS TECHNOLOGY BERHAD 20,000,000 0.99
19 TOKIO MARINE LIFE INSURANCE MALAYSIA BHD AS BENEFICIAL OWNER (PF) 18,744,200 0.93
20 CARTABAN NOMINEES (ASING) SDN BHD EXEMPT AN FOR STATE STREET BANK & TRUST COMPANY (WEST CLT OD67) 18,507,502 0.92
21 AMSEC NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT – AMBANK (M) BERHAD FOR INSAS PLAZA SDN BHD 18,334,000 0.91
22 AMANAHRAYA TRUSTEES BERHAD PUBLIC ISLAMIC OPPORTUNITIES FUND 18,240,750 0.90
23 HSBC NOMINEES (ASING) SDN BHD JPMCB NA FOR VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND 16,557,950 0.82
24 CITIGROUP NOMINEES (ASING) SDN BHD CBNY FOR EMERGING MARKET CORE EQUITY PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC 15,904,688 0.79
25 INSAS PLAZA SDN BHD 12,720,050 0.63
26 UOBM NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR INSAS PLAZA SDN BHD12,500,000 0.62
27 HSBC NOMINEES (ASING) SDN BHD DZ PRIVATBANK FOR QUONIAM FUNDS SELECTION SICAV-EMERGING MARKETS EQUITIES MINRISK 11,920,410 0.59
28 HSBC NOMINEES (ASING) SDN BHD EXEMPT AN FOR SKANDINAVISKA ENSKILDA BANKEN AB (UCITS V SWEDISH) 11,450,224 0.57
29 AMSEC NOMINEES (TEMPATAN) SDN BHD MTRUSTEE BERHAD FOR CIMB ISLAMIC DALI EQUITY GROWTH FUND (UT-CIMB-DALI) 11,287,500 0.56
30 M & A NOMINEE (ASING) SDN BHD FOR MEDIA LANG LIMITED 11,011,000 0.55
AS WE CAN SEE INSAS IS IN TOP 1, 3, 9, 11, 18, 21, 25 & 26 POSITIONS WITH A TOTAL OF 391,400,300 INARI SHARES
BUT LOOK AGAIN
ON MARCH 30 2018 INARI OFFERED 2 FOR 1 BONUS ISSUE OF INARI SHARES
30-Mar-2018 | 11-Apr-2018 | BONUS_ISSUE | Bonus Issue | 1 : 2 | ![]() |
SO
373,066,300 INARI SHARES X1.5 = 587,100,450 INARI SHARES
FROM HERE WE CAN SEE THAT INSAS OWNS A TOTAL OF 587,100,450 MILLIONS OF INARI SHARES
THE CURRENT SHARE PRICE OF INARI IS RM2.44 A SHARE
So 587,100.450 X 2,440 = BILLIONS
WOW IN INARI ALONE INSAS HAS A WHOPPING RM1.432 BILLIONS WORTH OF CASH EQIVALENT!!
INSAS CANTEEEEEEEEEEEEEEEEEEEEKKKK !! RM 3 RINGGIT !! |
THE TOTAL PAID UP CAPITAL OF INSAS IS 663,006,342 (ABOUT 663.006 MILLION SHARES)
HOW MUCH CASH EQIVALENT PER SHARE?
SO DIVIDE 1,432 billions BY 663006342 = RM2.16 A SHARE (WOWEE!!)
JUST IN INARI SHARES ALONE INSAS HAS RM2.16! HUHUHU! EUREKA!!
2) At 90 Sen with NTA of Rm2.47 at Huge 64% Discount to NTA. More than twice the margin of safety Ben Graham required at 30%
- Default Currency
- Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
31 Mar 2018
|
31 Mar 2017
|
31 Mar 2018
|
31 Mar 2017
|
||
$$’000
|
$$’000
|
$$’000
|
$$’000
|
||
1 | Revenue |
76,459
|
113,838
|
263,138
|
236,393
|
2 | Profit/(loss) before tax |
10,698
|
68,001
|
91,606
|
152,398
|
3 | Profit/(loss) for the period |
7,893
|
66,051
|
83,369
|
145,654
|
4 | Profit/(loss) attributable to ordinary equity holders of the parent |
7,930
|
66,204
|
83,579
|
146,097
|
5 | Basic earnings/(loss) per share (Subunit) |
1.20
|
9.99
|
12.61
|
22.04
|
6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
1.00
|
1.00
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
2.4700
|
2.3400
|
Example for the subunit as follows:3) A CHECK WITH INSAS NET NET ASSETS REVEAL PRIME PRIME PROPERTIES OF GREAT VALUE
See for example
iINSAS OWNS 10 STOREY BUILDING IN IPOH CITY WORTH OVER RM12 MILLIONS
SHOPHOUSES IN PJ, MID VALLEY AND ALSO IN SINGAPORE
SURPRINGLY INSAS IS ALSO A DEVELOPER AND IT HAS 130 ACRES OF FREEHOLD LANDS IN BKT TINGGI
VALUED AT ONLY RM38 MILLIONS
ARE THESE LANDS UNDERVALUE?
So RM38,000,000 divides by 130 acres = Rm292,307 per acre
and per sq ft? Divides by 43,560 = Rm6.7 sen psf for freehold lands in bkt tingggi. THAT’S CHEAP!
IN BKT TINGGI FREEHOLD LANDS ARE NOW SELLING AT LEAST MORE THAN RM10 PSF to RM25 PSF
SO IF ASSETS OF INSAS ARE REVALUED THE NTA SHOULD CROSS RM3.00
NO WONDER LENA SHOUTED
Jun 6, 2018 03:07 PM | Report Abuse
INSAS CANTEEEEEEEEEEEEEEEEEEEEKKKK !! RM 3 RINGGIT !!
4) INSAS ALSO OWNS M&A SECURITIES. ONE OF THE BIG SECURITY FIRMS IN MALAYSIA JUST LIKE TA ENTERPRIZE
TONY IS TRYING TO TAKE TA PRIVATE. AND WITH SO MANY SECURITY FIRMS PRIVATISED LIKE BJ CAP, HL CAP, HWANG AFFIN, KAF SEA GROAT & OSK INSAS WILL ALSO BE A STRONG CANDIDATE FOR PRIVATISATION
NOW ALL THE MORE WITH NEW WIND OF FORTUNE BLOWING
NO STAMP DUTY OR GST FOR TRADING
SHORT SELLING PERMITTED
INTER ASEAN TRADING PLATFORM PROPOSED BY LGE
INSAS WILL SEE A VERY BRIGHT FUTURE LIKE TA
5) INSAS ALSO GOT RETAIL BUSINESSES LIKE
a) PACIFIC RENT A CAR
b) DOME COFFEE (Example is the one in JPO)
With Cheap Ringgit Tourists are flocking to low cost Malaysia. So good for INSAS’ Businesses
6) INSAS Also Loan Out Monies for Interest like TA or a bank.
Perhaps this is the main reason why INSAS does not give high dividend as its conserves its Cash for Maximum Value Generation for Shareholders
A Good Example is INSAS buying DGSB shares at 4.5 sen. Just like Insas invested in Inari with tremendoue success.
As of now DGSB share price has surged to 6.5 sen or up 44%
Ha! INSAS’ BOSSES are handson people just like TMakmur. They invest in Security Firms, Car Rental Company, IT Company, Branded Coffee Outlets and also build their own Shops & Offices.
IT IS A HUGE MONEY GENERATING CONCERN
No wonder It looks so Insane that INARI Shares alone now is worth more than the Total Paid Capital of INSAS.
7) I AM SO HAPPY WITH INSAS AND SO BULLISH THAT I INVESTED BOTH THE MOTHER & INSAS WARRANTS
When i go those Insas warrants my remisier whataspped, “I bought some Insane warrants for you.
Insane warrants? SO GOOD FOR I BOUGHT A SHARE SELLING AT INSANE BARGAIN
A SHARE WORTH RM3.00 GOING AT ONLY 90 SEN?
REALLY INSANE, OH SHOULD BE INSAS
WARM REGARDS
Calvin Tan Research
Please buy or sell after doing your own due diligence.
Recent Posts
- GREAT SUCESSFUL INVESTMENTS YEAR 2019: OGSE BULL RUN THEME; 2020 MEDICAL GLOVE SUPERBULL THEME: 2021 IS PALM OIL CPO BULL RUN THEME December 31, 2020
- LOOKS LIKE PALM OIL GOING INTO A BULL TREND DUE TO LA LINA AGAIN IN 2020/21 November 24, 2020
- AFTER MEDICAL GLOVE BULL RUN THE NEXT UPCOMING BULL THEME IS PALM OIL November 1, 2020
- 1993 WAS ASIAN TIGER BULLRUN, 2020 IS HEALTH CARE BULL RUN BY COVID 19, GLOVE, FACEMASK & NOW SANITIZER IN NYLEX & ANCOM, Calvin Tan Research May 14, 2020
- PROLEXUS (8966) ProXmask: The ProActive High Quality FACE MASK product of Prolexus that excels , Calvin Tan Research May 6, 2020
- MTAG (0213) MTAG (0231) ANOTHER GLOVES, FACE MASKS & RESPIRATORS DISTRIBUTORS, Calvin Tan Research April 27, 2020
- QUESTION & ANSWERS FOR LUXCHEM April 17, 2020
- PM’s speech on Prihatin Economic Stimulus Package (NFCP FIBERISATION IS ON!!) Calvin Tan Research March 29, 2020
- NETX (0020) INSATIABLE BUYING BY NETX STAFF SHOWS IMMENSE POTENTIAL February 14, 2020
- T7 GLOBAL VERSUS CARIMIN, , UZMA, PENERGY, & DAYANG (Compare & Contrast) Calvin Tan Research January 17, 2020
- TELEKOM TENDERS: SOME POSSIBLE WINNERS, Calvin Tan Research December 29, 2019
- BUY NETX, OPCOM, REDTONE & CMSB (SACOFA) FOR MULTI YEARS BULL RUN IN NFCP STOCKS SOON, Calvin Tan Research November 27, 2019
- T7 WINNING SUBSEA JOBS WILL BE ANOTHER PENERGY FOR TOPSIDE November 22, 2019
- NAIM FIRED UP ON ALL 4 ENGINES BUT CMSB(2852) HAS 7 SEVEN ENGINES OF GROWTH, Calvin Tan Research 22 Nov November 22, 2019
- TOP 10 REASONS WHY NETX IS NOW THE BEST BUY FOR NFCP JUST AS VELESTO WAS FOR OGSE November 17, 2019
- TOP UNDERVALUE SHARES TO BUY NOW FOR 2020 BULL RUN TIME November 16, 2019
- CMSB (2852) OWNER OF KENANGA INVESTMENT BANK , CEMENT MONOPOLY, FIBER OPTIC TOWER MONOPOLY IN SARAWAK November 12, 2019
- THIS IS NOW THE BEST TIME TO DEPLOY MONEY FULLY INTO THE COMING BULL YEAR OF 2020, Calvin Tan Research November 11, 2019
- PLEASE WHATASPP CALVIN TAN AT 019-3384010 Or 014-6101668 FOR NEXT POST November 9, 2019
- NETX MISSION STATEMENT November 9, 2019
- NETX IN CHUN CHUN INTO e-KYC October 30, 2019
- SELL UZMA. SELL CARIMIN. BUY OPCOM, REDTONE, NETX & OTHERS October 28, 2019
- 9th M’sia Plan Top Budget Allocation For Infrar Powered Up Cement So 12 MP For NFCP Powers up Opcom, Redtone & Netx, Calvin Tan October 27, 2019
- WHY IS ASIABIO BUYING ONLY NETX AND NOT DGB, MLAB, XOX, VSOLAR FINTEC & OTHERS? Calvin Tan Research October 26, 2019
- ASIAOBIO BOSS BUYING SO MUCH NETX OVER ALL OTHERS SHOW GREAT POTENTIAL, Calvin Tan Research October 26, 2019
- DIRECTORS/INSIDERS STRONG BUYING SHOWS NFCP BULL RUN VERY SOON, Calvin Tan Research October 21, 2019
- MUI PROPERTY (3913) HIGH VALUE STOCK WITH POWERFUL GROWTH CATALYST, Calvin Tan Research October 18, 2019
- TOP 10 REASONS TO BUY REDTONE (0032) BENEFICIARY OF NFCP OR NATIONWIDE FIBERISATION, Calvin Tan Research October 2, 2019
- NETX HAS A 70/30 FIGHTING CHANCE TO SURVIVE AND DO WELL IN THE DIGITAL ECONOMY, Calvin Tan Research September 25, 2019
- SCOMIES, OPCOM & NETX September 23, 2019
- SCOMI ENERGY (7045) THE HIDDEN GEM IN O&G BULL RUN September 19, 2019
- OPCOM (0035) OPTIMAL OPTIC COMPANY : THE SUPER-STOCK OF THE DIGITAL ECONOMY, Calvin Tan Research September 16, 2019
- BUY UZMA (7250) AT 62 SEN. TARGET PRICE RM1.20 August 12, 2019
- BUY TA ENTERPRIZE FOR ITS 4.1 SEN DIVIDEND (ABOUT 6% YIELD WHICH IS TWICE THAT OF BANK FD RATE) June 15, 2019
- LAFARGE CEMENT UP 100% FROM RM2.25 TO RM4.50 TODAY. TIME TO BUY MASTEEL (5098) AS IT IS A LAGGARD June 14, 2019
- TESTIMONY OF YTL TO THE POWER OF PROVIDENCE June 8, 2019
- DOLOMITE(5835) UP 143% DUE TO ASSET SALE WILL ASB(1481) GO UP LIKEWISE BY ASSET SALE? June 7, 2019
- INVESTMENT NEWS FOR JUNE 2019 BY EAGLE VISION June 6, 2019
- A LOOK AT PETRONAS LATEST GOOD QUARTER RESULT OF 9% EARNINGS GROWTH, Calvin Tan Research June 1, 2019
- OIL & GAS BULL PAUSE. AFTER THIS POOR QUARTER RESULT DUE TO MONSOON O&G BULL RUN WILL RESUME, Calvin Tan Research May 26, 2019
- UZMA (7250) UTTERLY ZEALOUS MASTERING ALL. THE OnG LAGGARD WITH BEST POTENTIAL, Calvin Tan Research May 10, 2019
- (PART ONE) KUMPULAN PERANGSANG SELANGOR (5843) KUMPULAN PROACTIVELY SUPERCHARGED, Calvin Tan Research April 25, 2019
- THESE FIVE STOCKS MIGHT BENEFIT FROM ECRL SOUTH: Mui Prop, AsiaPac, MKH, L&G & Olympia, Calvin Tan Research April 17, 2019
- MKH (6114) METRO KAJANG WILL BENEFIT FROM ECRL REROUTE TO BANGI/KAJANG, Calvin Tan Research April 15, 2019
- IMAGO MALL OF ASIAPAC (4057) ECRL SIGNING WILL BRING BACK CHINA TOURISTS, Calvin Tan April 15, 2019
- ASIAPAC (4057) THREE CHUN CHUN BULL TARGETS FOR A 200% UPSIDE (ECRL, VMY 2020 & HSR April 11, 2019
- JTIASA (Fong Siling – Cold Eye & Pheim Fund Tan Chong Koay) Versus TDM (Dr. Neoh Soon Kean of Dynaquest) Calvin Tan Research April 5, 2019
- MAJU PERAK (8141) MAJULAH PERAK BY GEELY – PROTON PARTNERSHIP IN EXPANSION & GROWTH, Calvin Tan April 5, 2019
- TDM (2054) VERSUS MAJU PERAK (8141) POTENTIAL TO RISE 100% to 200% BY ECRL BOOSTER, Calvin Tan Research April 3, 2019
- ECRL (East Coastal Rail Link) Top Beneficiaries AZRB, T7 Global, Prestar, Masteel, Lafarge & TalamT, Calvin Tan Research March 20, 2019
Archives
- December 2020
- November 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- August 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
Comments (2)
Way cool, some valid points! I appreciate you making this article available, the rest of the site is also high quality. Have a fun.
Howdy! This is my 1st commnent heree so I just wanted too
give a quick shout out and say I really enjoy reading through your blog posts.
Can you suggest any other blogs/websites/forums thatt ddeal with the same topics?
Appreciate it!
Comments are closed.