Posted by 31153115 > 2013-11-28 21:02 | Report Abuse

from the day Pheng forced to accept this fireball, they is no return already!!Why the other guy didn't take the offer, history.......The only hope is iron mines now, said to be commissioning the plant this year, and it is now coming to Dec.! They don't even have money to pay TNB!!!How to commission???

Posted by Kamaru BahariBakar > 2013-11-28 21:18 | Report Abuse

Perwaja & Kinsteel just like wreking ball. Don"t you ever say, Perwaja just walk away, Perwaja always want Kinsteel. Yaeh, Perwaja wreking Kinsteel.

Posted by spinninglotus > 2013-11-28 21:29 | Report Abuse

Pheng family can only decide whether to bankrupt Perwaja or bankrupt Perwaja+kinstel. Pheng has 30% stake in Perwaja, at IPO rm2.50, nothing is left now. By closing Perwaja, kinstel can start anew, eventually earn back all money from mining. Kinstel has to let go Perwaja. Once Perwaja bankrupt, all it's debtors will bear the loss. Kinstel can avoid paying more money into Perwaja. Instead the money can be used by kinstel to start mining, earning money to rise up in the end. This is the only way.

Posted by spinninglotus > 2013-11-28 22:09 | Report Abuse

I hope Pheng is reading my suggestions to them. At extreme conditions they have to make such difficult situation. Kinstel can still turnaround, but not Perwaja.

Posted by 2767max > 2013-11-28 22:41 | Report Abuse

very very disppointed with kinstel,i buy kinstel is because of Pheng,why ? because he is leader...but now ? can't trust him anymore,these few years,kinstel price keep on droping n droping...lost almost my fund,how to trust this kind of leader anymore ? even he has good relationship with pm..so what ?

Posted by 31153115 > 2013-11-28 23:02 | Report Abuse

even the mining going to start this year, it will take time to turn around, 1 year, 2 years or longer before it can see the effect. Remenber both father and son of Pheng family was interviewed by The Edge, talking about how fantastic their plan will be!!!But the most important question of how much of mines and how long the mines can sustain the supplies was never disclosed, so what if it can only last 2 years???

Posted by spinninglotus > 2013-11-28 23:15 | Report Abuse

Many mining companies in Malaysia, in Pahang and Terengganu are earning lots of money-from Malaysia mining export statistics. None of them disclose their mines details. So I do not expect them to disclose mining details as soon. Mining can start soon, and earning cash cow. Initial capital commitment from kinstel financial report is adequate, just not into more Perwaja. Mining can at least sustain for 2 years, with about rm1 billion profit easily.

Posted by spinninglotus > 2013-11-28 23:18 | Report Abuse

With mining, throw away Perwaja, kinstel can be rm1billion company in 2 years. Without mining, with more Perwaja burning all $$$ away, kinstel bankrupt. So what should them do? Quite obvious. They have to bankrupt Perwaja, and switch money into mining.

Posted by midtermtrader > 2013-11-29 09:17 | Report Abuse

Huh! So serius... Company needs to review and restructure.

Posted by 31153115 > 2013-11-29 10:01 | Report Abuse

they already accepted restructuring plan, payment to supplier already deferred under the plan, so not far from PN17!!!

Posted by BBB79 > 2013-11-29 11:19 | Report Abuse

who bought at 0.145 now can earn already...

Posted by lengjoe > 2013-11-29 12:16 | Report Abuse

can buy now

Posted by spinninglotus > 2013-11-29 13:25 | Report Abuse

Short sellers have finished selling? Now short covering back? Then now is the time to sell and exit.

Posted by spinninglotus > 2013-11-29 13:32 | Report Abuse

Pheng Chin Guan sold his shares outside closed period to short sellers, now Pheng Chin Guan is buying kinstel back? Playing shares to get money for his Perwaja?

Posted by Lawrence Kwan Vui Juin > 2013-11-29 15:01 | Report Abuse

Wait drop to 2cents then can buy.. now still the trap to go in..

Posted by BBB79 > 2013-11-29 17:03 | Report Abuse

close nice...

Posted by ladzatz > 2013-12-01 02:24 | Report Abuse

perwaja now only 12 cents...monday..kinsteel will follow

Posted by spinninglotus > 2013-12-01 09:31 | Report Abuse

Kinstel follows Pheng Chin Guan, not Perwaja. We need to be clear about this.

Posted by spinninglotus > 2013-12-01 09:32 | Report Abuse

Bankrupt Perwaja, then kinstel will jump! Take over Perwaja mining, concentration and pelletisation plant assets!

Posted by ladzatz > 2013-12-02 01:56 | Report Abuse

perwaja kinsteel punya...perwaja habis ..kinsteel pun habislah...very spinning doctor...dia kalau dia sudah bankrupt kena bayar semua hutang ..jual semua aset..sapa mau beli mahal?

if a son is a drug addict..papa will need to sara hidup anak ma and hidup sedih ma...

if that son die...who will support papa when he's old ma

senang kasi papa kawin sama datin janda kaya ma...walaupun datin tua..hehe

Posted by ladzatz > 2013-12-02 01:58 | Report Abuse

sudah bankrap...u mana boleh suka2 hati mau takeover...haiya melepek saja

Posted by spinninglotus > 2013-12-02 08:25 | Report Abuse

I think ladsatz does not understand how listed companies work. Perwaja is 30% owned by kinstel. Perwaja debt Perwaja bayar, not kinstel. Perwaja's UCULS for concentration and pelletisation plant was fully subscribed by kinstel, of course when Perwaja bankrupt kinstel can take over. Perwaja bankrupt, only 30% x Perwaja listed shares are lost, compared to another rm200million loss? Plus need more money injection from kinstel?

Posted by spinninglotus > 2013-12-02 08:28 | Report Abuse

Perwaja listed, more money from kinstel. Perwaja bankrupt, kinstel survive, no more money injection. Loss is Pheng Chin Guan's own money in Perwaja, which not worth any left(rm2.90 Perwaja IPO price).

Posted by spinninglotus > 2013-12-02 08:35 | Report Abuse

Whatever money left, Pheng Chin Guan can inject into kinstel, to start lucrative business in mining, concentration and pelletisation plants. Compared to now? Perwaja needs to pay everything-electric, workers salaries, renting, loan, interest, legals etc... All money now come from where? From kinstel and Pheng Chin Guan. When Perwaja bankrupt-son dies, kinstel(papa) no need to pay more money for Perwaja( son). Son's assets will be taken by debtors-kinstel UCLUS Perwaja mean kinstel is Perwaja's debtors, can take over its assets.

Posted by Pen Biru > 2013-12-02 10:40 | Report Abuse

any hope

Posted by davidkkw79 > 2013-12-03 17:15 | Report Abuse

Mari mari, PN17 is coming to Kinstel !

Posted by ganasai > 2013-12-04 09:28 | Report Abuse

When tenaga up so much, means this one.... can't imagine.

Posted by BBB79 > 2013-12-05 14:08 | Report Abuse

but from these few days observe, it slowly climb up...

Posted by investor99 > 2013-12-08 14:23 | Report Abuse

MARC负面观察名单 锦记钢铁除名

（吉隆坡7日讯）大马评估公司（MARC）把锦记钢铁（KINSTEL，5060，主板工业产品股）从“负面观察名单”中除名，但没有给予理由。

尽管锦记钢铁已从负面观察名单除名，但大马评估公司指前者1亿令吉回教中期票据的评级仍存在违约风险。

尽管不清楚上述除名举动的原因，但锦记钢铁与子公司柏华嘉控股（PERWAJA，5146，主板工业产品股）近日获政府的企业债务重组委员会（CDRC）“出手相救”，与债权人协调债务重组计划。
【南洋网】

Posted by BBB79 > 2013-12-10 17:13 | Report Abuse

drop again...

Posted by Muarmali > 2013-12-12 10:26 | Report Abuse

Another Blackhole here. :)))

Posted by akmali > 2013-12-19 16:36 | Report Abuse

is it ok now to go in

Posted by Pita Mittis > 2013-12-19 17:10 | Report Abuse

Yup. Looks like quite stable already

Posted by Pita Mittis > 2013-12-20 07:30 | Report Abuse

Maybank stupid

Posted by Pita Mittis > 2013-12-20 07:31 | Report Abuse

Before that ask to buy. After that drop.Stupid analysis

Posted by Muarmali > 2013-12-26 16:13 | Report Abuse

Spin like a blackhole. :)))

Posted by USApg > 2013-12-30 12:53 | Report Abuse

Kinstel go bankrupt?

Posted by ladzatz > 2014-01-02 16:58 | Report Abuse

why don't u try buyin mq tech? macd is positive for the 3rd day now...if u buy now at 14 cents...it will at least be 20 cents by next week...please check the previous transaction when it reached 24 cents from 14 cents...and then down to lowest 11 cents then back to 20 cents

and lastly it touched 11.5 cents last week and now is 14 cents...it will go back to 20 cents by monday...i guess

Posted by BBB79 > 2014-01-09 10:36 | Report Abuse

mq tech now 0.135, already onw week, where got up to 0.20?

Posted by 31153115 > 2014-01-09 10:38 | Report Abuse

daya

Posted by cathyee > 2014-01-09 15:58 | Report Abuse

hope for kinsteel to recover..

Posted by tjhldg > 2014-01-20 00:37 | Report Abuse

: )

Posted by eftee > 2014-01-20 10:01 | Report Abuse

Why this one moving today. Any white knights?

Posted by laffle > 2014-01-21 11:56 | Report Abuse

switch to ' THE GREAT SUMATEC' will cover lost in a few months

Posted by 31153115 > 2014-01-21 12:00 | Report Abuse

moving cos got ppl said china ppl want to JV, aiya this kind of talk, William Cheng is the best of the best, talk until now ady in PN17 also still talking, is a B shit talk only

Posted by poorrman > 2014-01-22 20:11 | Report Abuse

huh?
juz run as fast as u can
toilet paper counter

Posted by eftee > 2014-02-14 09:20 | Report Abuse

Why is it moving? Settled their problems already?

Posted by BBB79 > 2014-02-14 10:16 | Report Abuse

so low already, sure spike up a while for you all...

Posted by eftee > 2014-02-14 10:33 | Report Abuse

But vol 14 million at 10.30am. Something big must be going on

Posted by AyamTua > 2014-02-14 15:50 | Report Abuse

AyamTua in reban KINSTEEL also reban of PERWAJA.. wahahahhaa