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Insas: Always the same old story ... undervalued.
As at March 2019 its net asset per share stood at rm2.59.
It is worth noting two thirds of its assets are cash and share investment mainly in listed companies.
However would like to emphasize that too much valuations are valued on its holding in Inari and HoHup ... such a huge block r not easy to liquidate at market value.
A stock trades below its book value could be due to inefficient cash pile and lack of awareness.
Technically price move above the trendline boundary of the downsloping pennant and trading above MAs.
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Disclaimer: None of the content published on Bursa Chat constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person.
As at March 2019 its net asset per share stood at rm2.59.
It is worth noting two thirds of its assets are cash and share investment mainly in listed companies.
However would like to emphasize that too much valuations are valued on its holding in Inari and HoHup ... such a huge block r not easy to liquidate at market value.
A stock trades below its book value could be due to inefficient cash pile and lack of awareness.
Technically price move above the trendline boundary of the downsloping pennant and trading above MAs.
Get RM10 Free With BigPay MasterCard. My referral code: AQP50NWLUE
Easy steps to signup : http://bit.ly/BigPayBC
Disclaimer: None of the content published on Bursa Chat constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person.
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