SKliew, u r right, from my 40 years stock investment. Study fundamentals and hold till profit % at least 20% or more. If company conditions change drastically for the bad and of no return, then cut loss and put money to other good stocks. Say easier than done, but hit and run or speculative play susah make money also on long run. Not so easy to make money from market, paid a lot of tuition money. Good luck friends.

Please go and check on latest accounts of Magnum (cash balance: RM387m) and its parent company MPHB Capital (net cash balance: RM616m, investment securities: RM400m)......wah, very juicy steaks, saliva also flowing out non stop... ha ha ha....

Cipapo, that is a very normal standard reply by Magnum board. Look at Country Heights (Tan sri Lee Kim Yew) case.... LHDN is a tough nut to crack.

Never play play with Income Tax Depart. RM476m tax claim, what u huge sum!! Kali ini mati lah!

Monday will be limit down!

Nightmare and share drop will have free fall if lose in above RM470m case!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5432357

To make money from this, surely must hold. This future banking stock .... not RM1 or 2 thing. What more it gives not bad dividend every year. Collect and hold, believe, this is not a hit and run stock to pay, u earn a peanut by so doing. Just personal views.

Buy and just hold patiently. Do not speculate for a few cents gain! No more issue of any new banking licence nowadays by BNM, hence it is a very valuable business licence indeed if MBSB get it by merger, what more 2/3 of MBSB is owned by EPF (u and me as the public). U think government or EPF dare to make MBSB a failure??

Another China investor or buyer story soon..

Good luck to speculators! Just like another Perwaja tragedy...

Self denial syndrome ...a good description. Creditor debts of RM2.5b need to be settled first, also hutang a lot to EPF, unpaid salaries of thousand of staff. Last to settle are shareholders under liquidation law. With assets of their old junks of machines and low value factory land, shareholders can only day dream to get back their investment lah..

Kevinpbc, good info for buyers of mbsb shares!

Perwaja n Kinsteel ...abang adik hutang berat

Perwaja suspended by Bursa today.

If anyone cared to read my past postings about this company and just listened, they would not regret. My deep throat told me it will be delisted eventually. Even if it is temporarily delayed in delisting as a result of appeal, be the first to run now. It is your choice finally.

Force did not buy when price was low, now hoping it to drop so can buy...normal, ha ha ha

Hard earned money. Advise do not speculate. 4 years also cannot restructure, think no way can do. If delisted, zero value to me.

For any bank share, for future MBSB, mana ada below RM2? Buy and u will not go wrong. My Chinese friends all told me, just follow Cold Eye, Chua Ma Yu and EPf are in, u will noy go wrong ! So i bought them earlier. Will keep for a long term. Look at the prices of all bank share prices.

Mas is at least in operations though it lost a lot of money. Perwaja has ceased operation for almost 4 years now. Hopeless lah

Perwaja to be delisted on 4th May after 3 years unsuccessful restructuring. Massive selling of its shares now. Perwaja down, Kinsteel will be down too as a matter of time. Both companies hutang berat berat. No hope to me.

Delisted shares are usually like toilet paper

TP probably 1 sen, may be just like the share a company of Lion Group delisted recently.

My Chinese friend told that Cold Eye has accumulated 13.3 million shares of MBSB (he is no.18 largest shareholder of MBSB as shown in MBSB annual report). Besides big holding by Chua Ma Yu. Who is this Cold Eye?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5402029
Breaking News: impending delisting of shares of Perwaja from Bursa!!

Geary, right on the dot!!

Do not believe such a thing of TP 1.00!!

Merger with CIMB and RHB had already failed last year. 2nd time planned merger with Muamalat Bank of DRB Hicom had not been materialized too. This time it is talking with AFB which has Islamic Banking licence. Gut feel, it should be ok this time.

CEO of EPF (major shareholder of over 60+% of MBSB) has just been nominated into the Board.
Can check it under its Bursa announcement. Think merger with AFB and with it bank licence is not
a problem. EPF needs to improve or maintain earnings/investments in view last year not so good
results. Expect price up up after successful merger. EPF is part of government mah...

price moving slowly and steadily over the past 6 months from low 80+ cts. A stock to watch over
a long term period, not for short term punters. must hold. Chua Ma Yu did not invest in it with a very substantial stake, after EPF, for nothing and a peanut profit as a seasoned and proven smart investor. my personal view only.

Same old thing, people never learn.

Lim Motor, if delisted, share value is almost worthless, not tradable in Bursa.

CDRC (Bank Negara) also sudah it gave up ... hopeless now..

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5335937

How rounds of this same stories of this Chinese investment have been played up and recycled to trap small innocent
investors over the last 12 months period? At least 4 to 5 times, yet many still believe it. Now the truth surfaced. Advisable
to cut loss before the counter may be delisted by end March as the dateline set by Bursa/SC.

https://www.google.com/url?sa=t&source=web&rct=j&url=http://www.thesundaily.my/news/2156226&ved=0ahUKEwjSrfnCg4LSAhXGpo8KHVmXDbwQqOcBCJsBMBI&usg=AFQjCNHaWk6Q_b71vIitFBLYyJS0id3Ryw&sig2=jYv5EA7EEgKzsFPWTp4mqw

https://www.google.com/url?sa=t&source=web&rct=j&url=http://www.thesundaily.my/news/2156226&ved=0ahUKEwjSrfnCg4LSAhXGpo8KHVmXDbwQqOcBCJsBMBI&usg=AFQjCNHaWk6Q_b71vIitFBLYyJS0id3Ryw&sig2=jYv5EA7EEgKzsFPWTp4mqw

Above extracted in Bursa Announcement 27th Jan 2017

1
PERWAJA HOLDINGS BERHAD (“PHB” OR THE “COMPANY”)
• NOTICE PURSUANT TO SECTION 218 OF THE COMPANIES ACT, 1965 (“NOTICE”)
(1) Date of presentation of the Notice Pursuant to Section 218 of the Companies Act,
1965 (“Act”)
The Board of Directors of the Company wishes to announce that a Notice was served on the
Company’s wholly-owned subsidiary, Perwaja Steel Sdn Bhd (“PSSB”) on 23 January 2017 by
Lembaga Kumpulan Wang Simpanan Pekerja (“KWSP”).
(2) The particulars of the claim under the Notice, including the amount claimed for
and the interest rate
KWSP is demanding for a total payment of RM6,632,920.00, being the outstanding amount
owing by PSSB pursuant to a consent judgement dated 3 December 2015.
PSSB is given 3 weeks from the date of service of the Notice to settle the said outstanding
amount failing which winding up proceedings shall be instituted against PSSB.
(3) Details of default or circumstances leading to the filing of the Notice against PSSB
PSSB had failed to perform its payment obligations pursuant to the consent judgement dated
3 December 2015 where it was agreed that PSSB will settle RM9,173,299.00 based on the
following schedule:
(i) RM1,000,000.00 advance payment which was already paid to KWSP;
(ii) RM250,000.00 in 9 monthly instalments commencing from 30 March 2015 till 30
November 2015; and
(iii) Balance of RM5,923,299.00 be paid on 30 December 2015.
(4) The financial and operational impact of the Notice on PSSB and the expected
losses, if any, arising from the Notice
The amount owing to KWSP has been accrued for in the accounts of PSSB. In addition, PSSB
has ceased operations since August 2013 and as such, the Notice is not expected to have any
further operational impact on PSSB.
(5) Steps taken and proposed to be taken in respect of the Notice
PSSB is currently seeking the necessary legal advice to address this matter.
Further announcement on the development of the above matter will be made to Bursa Malaysia
Securities Berhad in due course.
This announcement is dated 26 January 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5305357
kinsteel is under serious risk of winding up, just like this Perwaja. be careful!

under section 176 now, even worst situation than under PN17 which it is under too. just be careful with your money.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5305357
be careful, under winding up risk...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/53

Action to avoid winding up action by banks and creditors!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5280781

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5280781

All big cash (key factor why people like this counter) in company will be gone soon and with such a massive right issue, worst property market and no stable operation income, hence no dividend expected from it, there is nothing positive about this counter anymore. Only major owners benefitted from it. Better i cut loss now even at 50%, exit the counter. Perhaps buy it if it is 20 sen.

Got trapped in this before, now just manage to sell all to get out of this silly stock today. Bye bye!! Very good day.

Buy before news out, sell when news is out... big sharks time to sell. Ikan bilis be careful. Common sense in stock market. He he. Big show coming.

Yes sir.

Provided can sell it in time before it drops back to earlier low level of 5 sen and below.