Technical | Fundamental Analysis Discussion Stocks Listed In Bursa

Sunday, July 21, 2019

Insas: Chart and Comments

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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