Tuesday, April 20, 2021

Insas Berhad INSAS Code 3379

Stock Name : INSAS
Code: 3379

Nature of Business: Technology, property investment holdings, structured finance, corporate advisory & stock broking, investment holding & trading, car rental & logistics, retailer of high fashion products and operators of F&B outlets.

Covid-19 affected technology, retail trading and car rental division. Net profit significantly reduced from annual 81.9 mil (2019) to 14.9 mil (2020), net profit rebound since 20Q4 to all time high 82.2 mil on 21Q2.

The higher profit last quarter quoted was due to disposal of financial assets at fair value through other comprehensive income.   

Dividend - around 1-2%

Net asset: Price below Net Asset
Debt to Equity: 0.28
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 0.62-2.8
Technical: 0.84-0.86
Overall: Green 

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