Inari has started forming its sub-wave v of its wave (vii).
If its wave (vii) has only five waves, by end of this week or early next week wave (vii) can be completed. It will be followed by the wave (viii) correction which is likely to take a month or two to complete.
After that there will be a wave (ix) run-up to complete the major wave 7.
Insas Bhd (Rm 0.995)
Hopefully Insas has completed its mini wave 2 and mini wave 3 is on the way. Very likely this is only the sub-wave i of its wave (v).
Looking at its 10-year chart, its wave (v) as well as its major wave 3 is likely to end around Rm 1.30 level.
Personally I considered Insas as a greatly undervalued stock.
Looking at its corporate structure, its 19.84 % (401 million share) holding of Inari alone is worth Rm1139 million, which is Rm1.80 per Insas share, if I divide Rm1139 million by 632 million of Insas share.
Its latest quarterly earning is 5.24 sens a share with net assets of Rm2.34 per share.
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