INARI (0166) - Inari and Insas


Inari Amertron Bhd (Rm 2.91)

Inari is forming the mini wave 3 of its sub-wave v of its wave (vii). Very well behaved.

Insas Bhd (Rm 0.995)

Insas has also started its mini wave 3 formation but not as dynamic as Inari even though it has 401 million shares of Inari that has a current market value of  Rm1.167  billion. If it is divided by 632 million Insas share, it is Rm 1.84 per Insas share.

Insas's latest quarterly earning was 5.24 sens a share with net assets at Rm 2.34 per share vs Inari's 3.31 sens a share with net assets per share of Rm 0.44. In my opinion Insas's share price should move in tandem with that of Inari.

If I compare the price movement of Insas with respect to Inari in the last two years as shown in the following chart

In fact the price movement of Insas was closely following that of Inari until end of June 2017 when Insas has gained about 37% compared to Inari's 40% over a 20 months period.

But since then, in the last 4 months, their prices started to move in an opposite direction. Inari gained another 54% reaching 94% over 24 months, whereas Insas dropped 17%  reducing its gain to only 20% for 24 months period.

If only Insas was able to continue to move in tandem with Inari in the last 4 months with an aggregated gain of say 90%, Insas would have closed at Rm 1.60 today.