Wow big movement today, what about tomorrow!

Like. Haha

Wow today suddenly have bullish movement.. Especially after some bad news this morning?

Drop all the way to .34 but immediately went back up to near 0.4., very volatile day for bursa today

What do you mean by no rights? I'm loss? Has there been some new progress which caused the share price to drop today?

This counter keep dropping..

Will it soon test the pre jump level?

Ok follow u bro. Up up up!

i think need to see if .30 can hold. if not ... what do the other bros think?

ahh noted, thank guys for the sharing. then what would be a better source to read up news on the market besides i3i?

It's still heading south today...

So this range is their fair value? How did u calculated that? Just curious

Perwaja Holdings Bhd and KINSTEEL BHD [] plan to pay off all their maturing bonds with bank financing, said the company’s CEO Datuk Henry Pheng in an interview with theedgemalaysia.com.

“We are finalising a new facility with a foreign bank in Malaysia.

“This facility is enough to cover current bond and future bond payments, as well as for our working capital needed for Perwaja’s concentration and pelleting plant. It’ll be substantial and enough to cover all. There will be no question of default in payment,” said Pheng.

Perwaja Steel Sdn Bhd, a subsidiary of Perwaja, has to meet a RM50 million repayment on September 25 on its RM110.0 million outstanding Murabahah Medium Term Notes (MMTN).

And the market is doubting whether Perwaja could fulfil its immediate debt obligations after its parent company, Kinsteel Bhd, missed a July 6 deadline to increase its FRSA reserve service account by RM5 million.

On July 15, MARC also placed two of Kinsteel’s debt papers on MARC Watch Negative.

The steel miller has a RM100 million Murabahah Commercial Papers/Medium Term Notes (CP/MTN) programme and RM100 million Murabahah medium term notes (MTN) programme.

On July 18, shares of Kinsteel plunged to all-time low of 26 sen following a “sell” call by MIDF Research, which slashed Kinsteel’s target price to 26 sen from 41 sen per share. But Kinsteel shares recouped their losses after the company announced early this week it has secured mining rights in Pahang.

Apart from talking about debts of Kinsteel and Perwaja, Henry Pheng and his father Tan Sri Pheng Yin Huah also spoke to the Edge about their plans to turn around Perwaja. They also revealed future strategic plans for Kinsteel and its earnings outlook. All doubts raised by the market were also answered.

The full interview and write-up will appear in the Edge Weekly tomorrow (July 27).

So meaning long term we expect it to go much much higher? Than 10/20% gain? But wouldn't the price dropped sharply after all these speculation stop?

Wow. This counter is still on tongkat Ali!

today close lower with a bearish shooting star? what do the other bros here think?

Is this due to pending news announcement? As I can see Alam is raging bull today

strong candlestick finish. what will happen tomorrow? interesting...

Big movement today. Good news for the marine industry? Benalec also jumping!

Yup. Only up very shortly and then massive sell off

iPhone version pls?

Wow

Suddenly flying..

What's moving the bulls?