A DEEPER LOOK AT INSAS BERHAD. IS IT REALLY WORTH RM3.00 ACCORDING TO LENO?, Calvin Tan Research
Hi guys,
Is INSAS BHD really worth Rm3.00 according to Leno
See
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INSAS CANTEEEEEEEEEEEEEEEEEEEEKKKK !! RM 3 RINGGIT !! |
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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!!
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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
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INDIVIDUAL PERIOD
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CUMULATIVE PERIOD
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CURRENT YEAR QUARTER
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PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
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PRECEDING YEAR
CORRESPONDING PERIOD |
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31 Mar 2018
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31 Mar 2017
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31 Mar 2018
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31 Mar 2017
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$$’000
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$$’000
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$$’000
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$$’000
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| 1 | Revenue |
76,459
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113,838
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263,138
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236,393
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| 2 | Profit/(loss) before tax |
10,698
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68,001
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91,606
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152,398
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| 3 | Profit/(loss) for the period |
7,893
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66,051
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83,369
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145,654
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| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
7,930
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66,204
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83,579
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146,097
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| 5 | Basic earnings/(loss) per share (Subunit) |
1.20
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9.99
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12.61
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22.04
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| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
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0.00
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1.00
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1.00
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AS AT END OF CURRENT QUARTER
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AS AT PRECEDING FINANCIAL YEAR END
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| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
2.4700
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2.3400
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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.
Comments (2)
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