Posted by supernova > 2015-05-14 12:23 | Report Abuse

why steel counters dont have TP?

Posted by niatfaez > 2015-05-14 15:10 | Report Abuse

Up laa kingsteel .asyik turun je .cuba bg hijau 5hari

Posted by supernova > 2015-05-14 16:23 | Report Abuse

i sokong faez

Posted by niatfaez > 2015-05-14 16:37 | Report Abuse

Kikiki .hari2 slow .kasi upp up

Posted by aliyusof > 2015-05-15 13:41 | Report Abuse

Daily transacted volume heavy yet price not up. Think big sharks busy let go inventory, slowly from 22 cts but cannot let it down too much or no meat to chew. Buy a little to move it up before closing, otherwise ikan bilis will be scared away and not buying. When finished selling their stocks, then price will fall and fall and ikan biilis get trapped and crying.

Posted by supernova > 2015-05-15 14:07 | Report Abuse

i more like plankton

Posted by aliyusof > 2015-05-15 15:29 | Report Abuse

What price u bought?

Posted by aliyusof > 2015-05-18 17:43 | Report Abuse

Can image the big buaya and yu are laughing all the way banks. Proposed 10 shares to be reduced to 2.5 shares, yet many ikan bilis still swim towards them. I take my hat off to them!

Posted by sure > 2015-05-19 10:25 | Report Abuse

if lesser ikan bilis came in 1sr round, 2nd time goreng expected. am the lucky one ranaway liao

Posted by supernova > 2015-05-22 15:40 | Report Abuse

alert me if the 2nd round goreng going to start. i like shooting star

Posted by supernova > 2015-05-22 15:41 | Report Abuse

@aliyusof, im stucked at 17c

Posted by cherry88 > 2015-05-23 11:43 | Report Abuse

Syndicate push up to 0.15 last minutes.....accumulate before they goring again...hihi..

Posted by aliyusof > 2015-05-25 10:08 | Report Abuse

Supernova, I believe in value investing and a fundamentalist, never a speculator. My ad
Just study the debt settlement agreement between company and banks (their Bursa Announcement dated 27 Feb). Then make your decision.

Posted by supernova > 2015-05-26 15:31 | Report Abuse

thanks for the advise @aliyusof. maybe i overlook their debts management. but fundamentally looks positive. i thought my price was rock bottom.

Posted by niatfaez > 2015-05-26 15:58 | Report Abuse

I stuck at 195c

Posted by aliyusof > 2015-05-26 16:39 | Report Abuse

No, the fundamental was bad, rated at near zero (best is 3) by The Edge.

Posted by supernova > 2015-05-26 16:41 | Report Abuse

but so many mega projects on going. metal business still bad?

Posted by niatfaez > 2015-05-26 20:47 | Report Abuse

Sad

Posted by aliyusof > 2015-05-27 19:13 | Report Abuse

4th round trap may be coming...good luck

Posted by aliyusof > 2015-05-29 11:09 | Report Abuse

FOCUS today: among 50 top losing (rugi berat) companies in Bursa, no: 1 and no: 2 highest pay to their directors are Kinsteel (RM11m per year) and Perwaja (RM6.2m) per year respectively!! Syabas!

Posted by Bilis Bilis > 2015-05-29 12:10 | Report Abuse

Bilis Bilis Bilis Bilis HAKKA FAVOURED LIST :

........ (i will look for the old post and see any update necessary)

Be careful, even in the face of most bearish market sentiment today, it will go against trend,against common logics.....

to cond.
29/05/2015 11:48

12.02 : oh ho!!! look like Perwaja n Kinsteel is working and may be positive n up today, if so next day i,e monday big big up the HAKKA way....

wait 10min for charts to work...n update
29/05/2015 12:04

Posted by supernova > 2015-05-29 12:11 | Report Abuse

this counter have to work harder. i have faith in u.

Posted by Bilis Bilis > 2015-05-29 12:46 | Report Abuse

Ravi Kumar Bilis2 Thank you very much.
29/05/2015 12:13
supernova this counter have to work harder. i have faith in u.
29/05/2015 12:11
@@@@@@@@@@@@@@@@@@@@@@@@@

Ravi/ supernova&other HAKKA readers: come back and post at IFCAM, you might miss some urgent updates, and later i want to compile a list of "users or readers" ratings.... remember today is friday.... and our cash out day is mon or tue (short term)....

Posted by supernova > 2015-05-29 13:11 | Report Abuse

thanks bilis2

Posted by lousy_result > 2015-05-30 00:45 | Report Abuse

Report loss.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4759753

Posted by aliyusof > 2015-06-01 21:24 | Report Abuse

Accumulated loss RM1.36 billions, loss per share 53 cts, NTA 10 cts!

Posted by cherry88 > 2015-06-02 12:44 | Report Abuse

Don't worry lah.......a BIG 1 is coming.....get ready to take pocket money from the sky....the restructuring is coming to the end.....

Posted by supernova > 2015-06-02 13:23 | Report Abuse

how come steel business can incur losses?

Posted by aliyusof > 2015-06-03 13:06 | Report Abuse

Too much cheap steel products dumping from China into Malaysia, 50% over supply capacity of steel plants capacity vs domestic demand, tough export conditions facing competition from low cost producers of China, Indonesia, Vietnam, high production cost in Malaysia due to high power cost, GST and high import cost raw materials. Actually consumption of steel in infra projects is not high vs other like cement. Lastly mismanagement ...

Posted by niatfaez > 2015-06-03 23:29 | Report Abuse

go go kinsteel

Posted by charles pang kah keet > 2015-06-04 07:56 | Report Abuse

KINSTEEL STOCK CAN BUYING TO KEEP?

Posted by supernova > 2015-06-04 08:53 | Report Abuse

so far its the most value buy for metal counters

Posted by supernova > 2015-06-04 09:02 | Report Abuse

at top list today when opening, up up up!

Posted by inaction > 2015-06-04 13:22 | Report Abuse

why today suddenly so hot?

Posted by supernova > 2015-06-04 13:31 | Report Abuse

hot but not high enough

Posted by tej8 > 2015-06-04 20:21 | Report Abuse

can buy if 15 cents tomorrow, keep lah!

Posted by Kian Leong Lim > 2015-06-22 14:10 | Report Abuse

To show you, there is no free lunch in life, you have to read the annual report very carefully:
KINSTEEL BHD (210470-M)
(Incorporated in Malaysia)

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2015

EQUITY AND LIABILITIES
Share capital 209,872
Redeemable Convertible Unsecured Loan Stocks (RCULS) 261
Share premium 30,493
Treasury shares (4,153)
Accumulated Losses (222,577)
Reserves 143,844
--------------------------------------------------------------------------------
Equity attributable to owners of the parent 157,740
----------------------------------------------------------------------------
Non-controlling interest 321,180
Total equity 478,920
-----------------------------------------------------------------------------------
As investors, have you seen that: the company writes off or deducts
accumulated losses from equity attributable to owners of the parent.

If they keep making losses, your equity or your share of the company
will be less valuable over time.

In contrast, the Non-controlling interest do not get deduction or
reduction even if the company incurs losses.

What for you buy shares in company that keep reducing the equity
attributable to owners of the parent, the value of your share in the
company?

Posted by Kian Leong Lim > 2015-06-22 21:03 | Report Abuse

Unaudited Audited 9 months ended 31.03.2015 RM'000
Composition of cash and cash equivalents
Fixed deposits with financial institution - 5,195
Cash and bank balances 3,269
Deposits in DSRA / FSRA account - 10,964
Bank overdrafts (99,944)
Cash and cash equivalents at end of period (96,675)

The company has negative cash and cash equivalents as of 31.03.2015, no money no talk, how
is it going to last for long, I don't know, do you know?

Posted by aliyusof > 2015-06-23 12:01 | Report Abuse

Kian Leong Lim, that is the right way for any sophisticated or even normal investors, for that matter, should look at. But still there are many punters who speculate it based on "cheap" (not intrinsic value) or market hear says. If you look at their Debt Settlement Agreement with all their lenders to address their RM800m debt (besides having committed guarantee of RM700m on Perwaja debt) and proposed capital reduction from share par value 20 cts to 5 cts in the Agreement + very negative steel market ... can figure out how much this share worth...

Posted by supernova > 2015-06-23 12:12 | Report Abuse

still waiting my jail break ticket.

Posted by supernova > 2015-06-23 16:47 | Report Abuse

volume traded looks fine but no price movement, aduhai

Posted by supernova > 2015-06-24 10:25 | Report Abuse

gam bah teh! look at perwaja now.

Posted by reader > 2015-06-24 10:36 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2015/06/23/Two-Kinsteel-audit-committee-members-resign/?style=biz

QUOTE
Kinsteel, which is left with two audit committee members, staged a turnaround by reporting a net profit of RM23.54mil for the first nine months ended March 31, compared with a net loss of RM546.81mil in the preceding year’s corresponding period.
UNQUOTE

Huh?

Posted by supernova > 2015-06-24 10:39 | Report Abuse

interesting read

Posted by supernova > 2015-06-24 10:40 | Report Abuse

i read last 2 weeks that perwaja and kinsteel had paid the most director fees among all others listed companies.

Posted by reader > 2015-06-24 10:48 | Report Abuse

Yeah, but since when did Kinsteel make a PROFIT?

The quarterly report shows loss of RM63m before tax.

Posted by supernova > 2015-06-24 10:51 | Report Abuse

trade is more than perwaja now although pwerwaja is gaining more @ 22% up.

come on kinsteel!!

Posted by lkhoong > 2015-06-24 16:29 | Report Abuse

yes kinsteel go go!

Posted by supernova > 2015-06-25 15:40 | Report Abuse

cumming liao

Posted by aliyusof > 2015-06-25 16:18 | Report Abuse

Reader, u r right. 29 May Bursa announcement, 1Q also lost Rm63m. From June 2014, accumulated loss is RM1.36 billions!