KINSTEEL BHD

KLSE (MYR): KINSTEL (5060)

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Last Price

0.005

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

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5 people like this.

1,503 comment(s). Last comment by Jokers2020 2019-12-19 21:34

Bilis Bilis

2,160 posts

Posted by Bilis Bilis > 2015-05-06 16:23 | Report Abuse

4.00-4.30pm...train start 0.255 to 0.200 drop 5 cents!!! cheap buy ahhhh

shellhouse

641 posts

Posted by shellhouse > 2015-05-06 18:30 | Report Abuse

I just dont understand about some so called "investors".

Why would you even consider this counter? Why dont one even take effort to look at its earnings.


For one... negative PE...losses 5 years in a row and worsening! So what if there is some new MoU? this company has been making losses despite its RM2bil in revenue is a clear indication of its inability to manage its operational and non-operational costs (although i have not looked into their detailed income statement)... but losses extending 5 years back !!

Remember...share price is a reflection of Future dividends! Financial Management 101! Regardless of the various valuation methods out there... P/E... EPS... DCF/future growth...they all have one thing in common which is the ability of the entity to generate EARNINGS in the future. And earnings translate into DIVIDENDS (one example is BJCORP. Fantastic earnings; NCAV is few times share price ; PE extremely low among peers... but why Share price still depressed? simply becz their dividend payout is disappointing)

This case... despite Billions in revenue but still inabilty to generate profits speaks volumes. I am no expert in steel industtry and you may come and tell me about raw mat costs or its overheads etc etc etc...end of the day its the CONSISTENT EARNINGS and CASH that we should look at in a company. Only then the share price will SUSTAIN.

Stop chasing prices. Retailers were the mangsa in this stock (Same case in VSOLAR... PERWAJA...ASIABIO). this counter was clearly manipulated and the small fishes were caught high up.


Please people.... dont chase prices and be manipulated by the sharks. Yes, high risk = high returns... but chasing value that doesnt exist is plain stupidity and merely asking for trouble.

shellhouse

641 posts

Posted by shellhouse > 2015-05-06 18:31 | Report Abuse

just my 2 cents. Please consider wisely before making decision to buy into this counter (same goes to VSOLAR and PERWAJA).

Good luck to all.

fk_lim

151 posts

Posted by fk_lim > 2015-05-06 21:12 | Report Abuse

Shellhouse...i kind of agree with you but not always as sometimes doesnt not jive with share price...look at ifcamsc.....its earnings was a few million a qtr but price shot up so high...

aliyusof

1,393 posts

Posted by aliyusof > 2015-05-07 11:23 | Report Abuse

Shellhouse views are very fair and correct, for any value and smart investor looking at mid or long term gain. Besides the above, look at their extremely high debt and their corporate guarantee of RM700M of Perwaja debt. Please check on their Bursa announcement on their debt settlement agreement with their banks in order to understand the situation this counter is in.

Pi Di Tan

217 posts

Posted by Pi Di Tan > 2015-05-07 13:02 | Report Abuse

I just told my friends : for the ongoing two weeks---Kinstel & Perwaja --every pullbacks(days) towards close is a buy, like yesterday....

Posted by truthseeker1 > 2015-05-07 13:04 | Report Abuse

This is Pheng counter right? What he do here and in Perwaja?

Bilis Bilis

2,160 posts

Posted by Bilis Bilis > 2015-05-07 14:47 | Report Abuse

Bilis Bilis I repeat :

Perwaja & Kinsteel : Those who have bee stuck FOR YEARS should CHOOSE your exit WISELY!!!!
06/05/2015 13:11

Be a happy rich man ,not a ignorant/grouchy ikan-bilis....
07/05/2015 14:46

bjgdila123

3,468 posts

Posted by bjgdila123 > 2015-05-07 16:11 | Report Abuse

buy buy on technical

Posted by neroscyter > 2015-05-07 18:52 | Report Abuse

googggogggoogggoo...

Posted by prudentinvestor > 2015-05-08 15:53 | Report Abuse

One of the worst performing stocks for many years.

sure

65 posts

Posted by sure > 2015-05-08 16:00 | Report Abuse

when syndicate goreng, u jump u run, find other ctrs

Posted by prudentinvestor > 2015-05-08 16:21 | Report Abuse

Most small investors lose money on this counter over the past 5 years. How many actually make money this round?

Posted by prudentinvestor > 2015-05-08 16:38 | Report Abuse

Back to 13 sen again by end of next week.

aliyusof

1,393 posts

Posted by aliyusof > 2015-05-08 20:07 | Report Abuse

Somehow, still many die hard quickly jumping into the big trap on hearing some news such as signing of MOU or MOA to study this and that, but legally non binding. Remembered 100 over MOU were signed between many Malaysian companies and Chinese companies in the 1995 (Dr Mahathir visit to Beijing)? 99% of it were still MOU and nothing went into definitive agreement for implementation. Many got burnt.

FKLI13

64 posts

Posted by FKLI13 > 2015-05-08 23:44 | Report Abuse

This company, I remembered well, when reading its IPO, within 15min, the IPO prospectus went into my rubbish bin already. Those still having it, please re-read it. Then you should know by now why a company wanted to go for listing, why some companies de-list here and re-list other country. If you want to be an advanced super-trader in equities, then learn the charts from this stock over the years since IPO. Their kungfu getting better and better over the years. If you want to learn to be a profitable investor, you still can learn from this stock, ie learn to be "NO ACTION".

Just think that if you are a China counterpart, being a prudent businessman and investors, how would you select your investment partners ? They are so many local steel companies here, or even direct foreign china-owned steel companies which had been based and operated in Malaysia for many years. Why not others ? U believe ? MOU or make fool of you ?

aliyusof

1,393 posts

Posted by aliyusof > 2015-05-09 05:53 | Report Abuse

Agreed. 63% major shareholder of Perwaja and 25% shareholder of Kinsteel Tan Sri Abu was absent and said it was MOU and not sure it is done deal. Smell fishy? The Star ePaper - http://mystar.newspaperdirect.com/epaper/iphone/homepage.aspx?isBookmark=true&locationHash=%23_articlef307686a-ca1f-4f80-a7c8-7d8872ca0cc6%2fwaarticlef307686a-ca1f-4f80-a7c8-7d8872ca0cc6%2fLZNAYDTPW2F8#_articlef307686a-ca1f-4f80-a7c8-7d8872ca0cc6

aliyusof

1,393 posts

Posted by aliyusof > 2015-05-09 06:03 | Report Abuse

Anyway read Starbiz today

avenger88

522 posts

Posted by avenger88 > 2015-05-09 12:19 | Report Abuse

so monday up or down

Posted by prudentinvestor > 2015-05-09 16:13 | Report Abuse

The company has been making losses for the past 6 years at least. It is one of the counters we should avoid.

Posted by bullcontino > 2015-05-09 23:01 | Report Abuse

Seen this before.

aliyusof

1,393 posts

Posted by aliyusof > 2015-05-10 09:04 | Report Abuse

Amid all media publicity and euphora on Perwaja/Zhiyuan, as stock investors, cool down and think carefully on below, as reported in Starbiz & The Edge this Saturday, (1) " It is just an MOU with no real commitment" "I don't know the deal, just an MOU, not sure a done deal yet" supposedly said by 61% owner of Perwaja Tan Sri Abu Sahid (2) Due diligence has to be done by Zhiyuan which takes at least 3 months. By then, on careful study, Chinese will find out more about how bad or good the situation Perwaja was in (3) As reported, even if Zhiyuan wants to get involved, after due diligence and signing definitive agreement, there is no real injection of "real hard cash" to settle the massive RM2.2B debts. First phase, as reported, will involve import of equipment (their old equipment evaluated at higher price to get more Perwaja share?) only to produce items on a "leased land" in Perwaja, probably under their company name. Nothing to do with Perwaja and or is addressing the huge debt issue, probably this way. Even for 2nd phase involving RM200m, it is also equipment injected not hard cash. To quote Starbiz, "will this RM300m investment in equipment enough to get operational profit to pay off the massive RM2.2B debt?". Very smart Chinese, use a separate leased land and own imported equipment to produce things while avoid getting messed up with the debt loaded Perwaja. (4) Require major creditors like banks, TNB, Petronas, etc, and regulatory authorities to approve the plan, especially on the viability of injection of merely RM300m equipment and its subsequent operational cash flow to repay them and, perhaps, massive haircuts proposed on their debts, especially after more than 2 years. (5) Continual very bad local and global market condition, including stainless and in fact all metallic commodity, and Chinese cheap imports or dumping of steel products will be a serious factor to consider. In conclusion, will not touch this counter due to very high uncertainty and risks associated as it may delisted if the scheme does not work eventually and our investment is worth a scrap paper.

chnggs

30 posts

Posted by chnggs > 2015-05-10 16:57 | Report Abuse

light of tunnel from china investor...better than shutdown perwaja operation.

Posted by 88luckybull > 2015-05-10 22:57 | Report Abuse

can collect some shares for this counter ?

bjgdila123

3,468 posts

Posted by bjgdila123 > 2015-05-11 10:37 | Report Abuse

collect and keep

avenger88

522 posts

Posted by avenger88 > 2015-05-11 11:38 | Report Abuse

game over

Posted by prudentinvestor > 2015-05-11 12:01 | Report Abuse

For this counter it should be hit and run quickly.

aliyusof

1,393 posts

Posted by aliyusof > 2015-05-11 12:11 | Report Abuse

Collect and keep? Bro, be careful, ha ha, your 10 shares become 2.5 shares upon proposed capital reduction (Feb announcement in Bursa ).

Posted by 88luckybull > 2015-05-11 12:44 | Report Abuse

with the perwaja price up about 300% for this year, it shuold be directly benefit kinsteel.

Posted by prudentinvestor > 2015-05-11 14:53 | Report Abuse

High risk counter. Nobody knows whether it would go bust.

Posted by 88luckybull > 2015-05-11 18:05 | Report Abuse

after capital reduction or share consolidation, share price will adjust to the same value..so. can collect slowly..right?

niatfaez

250 posts

Posted by niatfaez > 2015-05-11 19:23 | Report Abuse

Bought 30k unit at 195sen .
now lose to 160sen .

fk_lim

151 posts

Posted by fk_lim > 2015-05-11 21:28 | Report Abuse

When pple asked u to sell..u buy. When pple asked u to buy u shld sell

Posted by 88luckybull > 2015-05-11 21:49 | Report Abuse

so can buy ?

fk_lim

151 posts

Posted by fk_lim > 2015-05-11 22:26 | Report Abuse

With chinese investors coming in, it will be a new lease of life for perwaja and kinsteel ..this is what we hope for...they need to push up the price then contra the shares to chinese investors...

fk_lim

151 posts

Posted by fk_lim > 2015-05-11 22:27 | Report Abuse

Chinese will hold certain percentage of shares. Now syndicate will eat at lowrr price before gorenganother round to abv 30sen

fk_lim

151 posts

Posted by fk_lim > 2015-05-11 22:29 | Report Abuse

Buy at low price now keep for 3mths i m very sure u can make money

fk_lim

151 posts

Posted by fk_lim > 2015-05-11 22:30 | Report Abuse

The deal will materialise in july

Posted by 88luckybull > 2015-05-11 22:44 | Report Abuse

yes..agreed with fk_lim. ....someone want collect at low price...push the price lower to achieve their object.

bjgdila123

3,468 posts

Posted by bjgdila123 > 2015-05-12 08:19 | Report Abuse

so lets collecting together at lower price

aliyusof

1,393 posts

Posted by aliyusof > 2015-05-12 11:55 | Report Abuse

Sharp Shares Plunge Ahead of Restructuring - WSJ - http://www.wsj.com/articles/sharp-shares-plunge-as-company-mulls-capital-reduction-1431318100......be careful of proposed capital reduction upon its restructuring of this counter

supernova

1,923 posts

Posted by supernova > 2015-05-12 12:31 | Report Abuse

catching falling sharp knife. sob sob

Posted by prudentinvestor > 2015-05-12 17:50 | Report Abuse

Worth to take the risk only if it falls to 13 sen or below again.

Posted by 88luckybull > 2015-05-12 22:39 | Report Abuse

standby to collect tomorrow.

aliyusof

1,393 posts

Posted by aliyusof > 2015-05-13 06:48 | Report Abuse

If you buy, you are catching a sharp falling knife! Look at Perwaja share.

Posted by prudentinvestor > 2015-05-13 10:50 | Report Abuse

Back to 13 sen again very soon. Ha, ha, ha.

supernova

1,923 posts

Posted by supernova > 2015-05-14 12:11 | Report Abuse

yeah, its partner perwaja also flying much faster

supernova

1,923 posts

Posted by supernova > 2015-05-14 12:13 | Report Abuse

up up up, go go go

niatfaez

250 posts

Posted by niatfaez > 2015-05-14 12:15 | Report Abuse

Up up up

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