KLSE: KINSTEL (5060)       KINSTEEL BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.005   0.00 (0.00%)  0.00 - 0.00  0
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Market Cap: 5 Million
NOSH: 1,049 Million
Avg Volume (4 weeks):0
52 Weeks Range:0.005 - 0.005
52 Weeks Price Volatility (%):
Average Price Target: 0.24
Price Target Upside/Downside: +0.235

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2020 [#4]  |  28-Aug-2020
Next QR | Est. Ann. Date: 30-Sep-2020  |  28-Nov-2020
T4Q P/E | EY: -0.12  |  -854.39%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: -0.7447  |  0.00
T4Q NP Margin | ROE: -106.46%  |  0.00%


Date Subject
03-Apr-2020 PublicInvest Research Headlines - 3 Apr 2020
03-Apr-2020 Mplus Market Pulse - 3 Apr 2020

Business Background

Kinsteel Bhd is an integrated steel manufacturer in Malaysia. The company manufactures and trades a wide range of long steel products used in the manufacturing, construction and infrastructure industries. The company is organised into two main reportable segments, Steel Related Products segment and Property Investment segment. Its range of products includes upstream products such as billets, beam-blanks and blooms; midstream products such as steel round bars, deformed bars, flat bars, angle bars, and downstream products. The company has operational footprints across Malaysia, Southeast Asia, Asia, Australia and others. The company derives the majority of its revenue from Malaysia.
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  5 people like this.
BlackWhite Nation lose face GE susahlah
03/01/2018 10:28 AM
leslieroycarter Going under...
03/01/2018 12:37 PM
aliyusof Perwaja also not bothered to save by government, u think they want to save this smaller private company??
03/01/2018 12:38 PM
stlf Boss privately very rich..company money all sapu into pockets of sons, relatives n cronies.
03/01/2018 12:45 PM
aliyusof Small shareholders and suppliers teruk, kena kuat kuat kali ini lah, towkay semua ok kaya raya lah
03/01/2018 12:52 PM
BlackWhite I want to buy also sold out macam mana ini
03/01/2018 2:20 PM
ahfad sell off at 5cent, al least got something rather got nothing.
03/01/2018 2:56 PM
BigPro It not 5 cent but only 0.5 or half cent ...
03/01/2018 5:39 PM
ahfad thanks for the correction bro.
03/01/2018 8:55 PM
limkokthye bankrupt company still want to buy?
04/01/2018 10:37 PM
aliyusof Suspended today for failing to submit extension application, delisting off Bursa on 9 Jan. U can check it in Bursa. Share.... Zero value.
05/01/2018 8:51 AM
ahfad gone hard earn money, warn all of u ady
05/01/2018 9:25 AM
aliyusof Warned many times, stubborn and ownself to blame.
05/01/2018 9:54 AM
limkokthye c liao , ho lang kan liao
05/01/2018 10:16 AM
limkokthye yesterday buy, today c liao
05/01/2018 10:23 AM
Js Teo 已经不能卖了?
05/01/2018 3:49 PM
Lonewolf1184 gone ?
05/01/2018 5:43 PM
speakup yes GONE!
kinsteel was the White Knight that came to rescue Perwaja..... unfortunately this White Knight also got killed along side Perwaja
05/01/2018 5:44 PM
speakup too bad Kinsteel no hot shot big investor like Koon Yew Yin, who can give dedak to Bursa/SC to stop delisting macam Xingquan.
05/01/2018 5:45 PM
apolloang so if xingquan relist again u e-mail to bursa and sc lah say why can relist.once I bought tadmax warrants seek to change to new warrants but didn't get approval. sc stated tadmax a loss making company,but after expired and curi my money,now tadmax loss more but sc can approve rights and new warrants......betul betul DEDAK
05/01/2018 6:15 PM
Ytl8961 msia boleh...next week flip flop
05/01/2018 9:50 PM
limkokthye r.i.p
06/01/2018 11:07 PM
apolloang already been warned when traded at 4cts,sc should delist this stock long ago so the director won't dump all to the retails
06/01/2018 11:11 PM
joetay @apolloang kor

thats why i dont feel comfortable with punting on lion ind and decide on southern steel. safer with a strong backer.
06/01/2018 11:26 PM
apolloang ssteel is a good potential stock.i also no luck in this stock. 2times I didn't manage to buy cos I put too low to buy when it crash down 2 times about a few months back at below 1.60 and recently down until 1.97.
06/01/2018 11:30 PM
apolloang me no luck in steel stocks,in 2008 I bought 200,000 kinsteel at 85cts and sold at 60cts only,but I luckier on aluminium and caning stocks such as LBalum,alcom and kian joo.
06/01/2018 11:32 PM
joetay my luck is also not that good in metal stocks.

i bot pmetal ard 1.3 after exercise and sold at 2. now look at how much it is now, really is bang balls.
06/01/2018 11:50 PM
apolloang kpj,hapseng,pmetal,penta,kesm,sam,huaan,inari.....all should have make a lot but what to do tengok ada makan tak ada.
06/01/2018 11:57 PM
apolloang kpj and hapseng should hv make a lot but when to honeymoon.when back both up liao no wanna buy.pmetal and kesm sold to early,sam too illiquid for me to buy when low time,huaan make 50k and sold off cos miss the 4d a few months ago.miss by 1 digit,if kena then hentam it.and inari wanna buy but saw fren throwing a lot no buy
07/01/2018 12:02 AM
joetay inari was something i held since 2013/14.

last yr, i missed out on puc, huaan and aemulus becos i was not confident enough to punt in. really is regretting.

but lucky still made from hibiscus and bioosmo. bot at 20 but shldnt have sold most of my hibiscus at 60sen at end last yr, now is also bang balls.
07/01/2018 12:41 AM
apolloang aemulus when I wanna buy only 15cts,one of my fren told me the office is only rented,no assets,the director formerly low life and stayed in apartment only.after heard what he told me I change my mind to buy.
07/01/2018 12:59 AM
BlackWhite Dead fish came back alive. It is too big to fail
10/01/2018 8:30 PM
Luckyean seem like kinstel can get extension ..
13/01/2018 8:32 PM
ramada RIP.
13/01/2018 8:35 PM
Luckyean Kinsteel Bhd’s new regularisation plan involves a proposed debt restructuring scheme for its RM800.0 mln outstanding borrowings to bankers, while courting new investors to inject fresh funds into the group. The group has submitted its regularisation plan to Bursa Malaysia, which is pending approval. (The Edge Daily)
16/01/2018 1:27 PM
Ytl8961 bursa will approve..msia boleh..white knight coming
16/01/2018 5:15 PM
kenie kinsteel
16/01/2018 7:26 PM
aliyusof People seems to be quite easily deceived by these kinds of nice talks.
19/01/2018 6:19 AM
Luckyean announcements made by the Company on 23 October 2017, 25 October 2017, 27 December 2017, 28 December 2017 and 9 January 2018 on the subject matter refer.

The Board of Directors of the Company wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had vide its letter dated 5 February 2018 informed that after due consideration of all facts and circumstances of the appeal submitted by the Company to Bursa Securities on 4 January 2018 had decided to grant the Company an extension of time until 30 June 2018 to submit its regularisation plan to the relevant authorities for approval (“the Extended Timeframe”) provided that the Company makes the Requisite Announcement by 31 March 2018.

Bursa Securities further decided to de-list the securities of the Company from the Official List of Bursa Securities pursuant to Paragraph 8.04 of the Main LR in the event:-

(i) the Company fails to make the Requisite Announcement on or before 31 March 2018;

(ii) the Company fails to submit the regularisation plan to the relevant authorities for approval within the Extended Timeframe i.e. on or before 30 June 2018;

(iii) the Company fails to obtain the approval for the implementation of its regularisation plan and does not appeal within the timeframe [or extended timeframe(s), as the case may be] prescribed to lodge an appeal;

(iv) the Company does not succeed in its appeal; or

(v) the Company fails to implement its regularisation plan within the timeframe or extended timeframe(s) stipulated by the relevant authorities.

Upon occurrence of any of the events set out in paragraphs (i) to (v) above, the securities of the Company shall be removed from the Official List of Bursa Securities upon the expiry of two (2) market days from the date the Company is notified by Bursa Securities or on such other date as may be specified by Bursa Securities.

This announcement is dated 5 February 2018.
05/02/2018 10:15 PM
aliyusof Refer to latest announcement to Bursa... Liquidator appointed by high court.
23/02/2018 11:14 AM
aliyusof http://m.thesundaily.my/news/2018/03/11/perwaja-receiver-and-manager-midst-conducting-valuation
12/03/2018 9:43 AM
supernova chapter closed. GG
06/04/2018 3:57 PM
LimKT RIP Panda
06/04/2018 4:59 PM
Lim Tek Wai huge discount, better buy
09/04/2018 4:07 PM
Lim Tek Wai Wonder will drop more or not
09/04/2018 4:09 PM
aliyusof Page 5, Star Search Central (today). Court notice.. Liquidator announced. End of it.
13/04/2018 10:55 AM
supernova another fallen giant. victim of gst and 1mdb
13/04/2018 11:31 AM
YgAriff So is it over for Kinsteel?
27/04/2018 3:38 PM
Ruggedfix any news or status for this share?
31/05/2018 9:15 PM
Jokers2020 Kinsteel creditors approve proposed scheme of arrangement

December 19, 2019 14:11 pm 08

KUALA LUMPUR (Dec 19): Troubled steelmaker Kinsteel Bhd's scheme creditors have approved a proposed scheme of arrangement (SOA) that paves the way for the company to exit its Practice Note 17 (PN17) status.

The SOA was approved at a court-convened meeting on Dec 13, said the group in a filing to Bursa Malaysia today.

Kinsteel will now submit an application to the High Court for the outcome of the meeting to be sanctioned through a court order.


However, the company has amended its proposed regularisation plan, by offering its corporate guarantee holders RM25 million worth of irredeemable convertible preference shares (ICPS) and RM25 million worth of redeemable convertible preference shares (RCPS), instead of RM5 million worth of RCPS as stated in its Sept 24, 2019 Bursa announcement.

The SOA involves total liabilities of RM1.68 billion as at June 30, 2017, of which financial institutions hold RM815.2 million or 48.5%, while corporate guarantee holders are owed RM865.6 million or 51.5%.

It is part of a broader regularisation plan that involves disposal of properties, share consolidation and other fundraising exercises.

"This marks a key milestone for Kinsteel to move ahead with its plans to exit from the PN17 status, following the release of the requisite announcement on the proposed regularisation scheme via its appointed principal adviser, M
19/12/2019 9:34 PM

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