• Insas Berhad is involved in the following segments: 1) Financial services and credit & leasing: Stock broking and dealing in securities, provision of corporate finance and advisory services, credit and leasing and granting of loans and other related financing activities; 2) Property investment and development; 3) Investment holding and trading of quoted securities and other related financial instruments; 4) Retail trading and car rental; and 5) IT-related manufacturing and services.
• Since share price fell to the recent low of RM0.75 on 16 Dec 2014, it bottoms up and is building a firmer uptrend line. In addition, “Hammer” candlestick (sign of reversal of downtrend) on weekly chart provides ammunition to the buying momentum. Noticeably, weekly chart showed that buying momentum is picking up pace at accelerating velocity, given its “Bottom-Out” oscillators (especially MACD GoldenCross). Since sign of reversal in the oversold territory emerges, share price is expected to bottom out in near term.
• Further upsides are targeted at RM0.94 (high on 14 Jan 15) and RM0.97, with a long-term objective of RM1.05 (61.8% FR). Immediate supports are pegged at RM0.89 (Upper-Bollinger band) and RM0.865 (23.6% FR). Cut loss below RM0.85 (30-d SMA).

Source: Hong Leong Investment Bank Research - 2 Mar 2015