Insas Bhd

Insas Bhd maintains a strong liquidity position, with a current ratio of 6.19, indicating that the company has sufficient current assets to cover its current liabilities multiple times over. However, the company's net cash position is negative after subtracting total debt, which raises some liquidity concerns. The debt-to-equity ratio of 0.16 suggests a relatively conservative capital structure, with a low reliance on debt financing.

In terms of profitability, Insas Bhd's return on equity (ROE) of 0.41% and return on assets (ROA) of 0.32% are below the typical performance metrics for the investment banking and brokerage industry. These figures indicate that the company is generating relatively low returns on its equity and asset base compared to industry standards.

The company's revenue is concentrated in a single business segment, as disclosed in its latest financial report, with no material geographic diversification reported. This lack of diversification may expose the company to higher operational and market risks if the domestic market experiences volatility.

Looking at the growth trajectory, Insas Bhd's revenue and net income figures for the most recent fiscal year show a stable but modest performance. The company's capital expenditure is negative, indicating that it is not investing in new physical assets, which may suggest a focus on cost control or a lack of expansion plans.

The risk assessment for Insas Bhd indicates a medium liquidity risk and a low dilution risk. The company's liquidity risk is primarily due to its negative net cash position after accounting for total debt. However, the dilution risk is low, as there is no indication of significant share issuance or dilution potential in the near term.

Recent events, including the company's latest financial filing, show that Insas Bhd has maintained a stable financial position. The company has not disclosed any major strategic changes or significant events in its recent filings that would suggest a shift in its business model or operations.

Insas Bhd's cash conversion ratio of 9.69 ranks as best-in-class compared to the cohort median of 0.24.

Total assets grew 27.3% year-over-year, indicating significant balance sheet expansion despite revenue declines.

Equity grew 24.7% year-over-year, supporting a book value per share of MYR 3.47.

Dilution risk is assessed as low, providing stability for existing shareholders' ownership stakes.

Return on equity of 0.41% sits in the bottom quartile of the investment banking cohort.

The company faces high credit risk, posing potential threats to asset quality and future earnings.

Revenue MYR 216.8M, +0,2% YoY; Operating income −55,3% YoY.

• ▍Revenue MYR 216.8M, +0,2% YoY
• ▍Operating income −55,3% YoY
• ▍Net income −42,9% YoY
• ▍Free cash flow −45,8% YoY
• ▍Net margin 56.6%

Revenue MYR 216.4M, −24,2% YoY; Operating income −16,3% YoY.

• ▍Revenue MYR 216.4M, −24,2% YoY
• ▍Operating income −16,3% YoY
• ▍Net income −16,5% YoY
• ▍Free cash flow −13,6% YoY
• ▍Net margin 99.4%