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

Trading Volume

0


5 people like this.

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

Posted by Steve Pui Kim Ming > 2015-10-10 15:40 | Report Abuse

I like to buy this shares for keep for a years or 2 or more
My belief is one day the price of steel will up and at the time
If kinsteel is still there(not bankrupt) then i will make few times profit.
But my confident is not enough
Anybody give suggession¡

Posted by Steve Pui Kim Ming > 2015-10-11 11:55 | Report Abuse

Kinstel vs liondiv

Posted by Steve Pui Kim Ming > 2015-10-12 12:15 | Report Abuse

Nobody interested in steel market....

Posted by prudentinvestor > 2015-10-12 21:26 | Report Abuse

Just buy at this level and wait for people to speculate. You won't lose a lot.

apanama

3,796 posts

Posted by apanama > 2015-10-13 04:31 | Report Abuse

Its all Rotational..:)

Posted by prudentinvestor > 2015-10-13 18:20 | Report Abuse

Syndicates have not played this counter for quite sometime now.

apanama

3,796 posts

Posted by apanama > 2015-10-14 08:41 | Report Abuse

Its not about syndicate or High Frequency Traders etc etc..its just a basic common sense..a certain stocks when it reach its bottom..It will naturally going up. Whats comes up will comes down..what comes down will comes up...

apanama

3,796 posts

Posted by apanama > 2015-10-26 07:30 | Report Abuse

lama tidur..bangunlah this week..:)

niatfaez

250 posts

Posted by niatfaez > 2015-11-02 09:51 | Report Abuse

Bangun laa kinsteel .
Stuck from 19.5cts .

aliyusof

1,393 posts

Posted by aliyusof > 2015-11-12 15:10 | Report Abuse

Auditors express qualified opinions on three steel companies - Business News | The Star Online - http://www.thestar.com.my/Business/Business-News/2015/11/11/Auditors-express-qualified-opinions-on-steel-companies/?style=biz

investor99

733 posts

Posted by investor99 > 2015-11-18 14:14 | Report Abuse

new member of pn17?

Posted by Airapi Dir > 2016-01-06 12:43 | Report Abuse

test buy

aliyusof

1,393 posts

Posted by aliyusof > 2016-01-13 12:30 | Report Abuse

Better run for your life.

Posted by Lamborghini > 2016-01-16 11:56 | Report Abuse

guys@ dont worry kinsteel will continue drop to 0. and zap lap. rmb what i say!

aliyusof

1,393 posts

Posted by aliyusof > 2016-01-26 18:47 | Report Abuse

75% capital reduction announced:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4985137

Bursa Wolf

680 posts

Posted by Bursa Wolf > 2016-03-21 10:52 | Report Abuse

now so cheap

Bursa Wolf

680 posts

Posted by Bursa Wolf > 2016-03-21 10:54 | Report Abuse

8.5/9c

aliyusof

1,393 posts

Posted by aliyusof > 2016-03-21 19:07 | Report Abuse

Ya very cheap, major owner has been selling it for weeks already. http://www.bursamalaysia.com/market/listed-companies/company-announcements/5036321

Posted by prudentinvestor > 2016-03-25 15:24 | Report Abuse

We don't know if the major share holders themselves are selling or banks are selling the shares pledged by the major share holders as collateral.

aliyusof

1,393 posts

Posted by aliyusof > 2016-03-25 16:18 | Report Abuse

Look more like bank selling pledged shares. Has been going on. What u think?

aliyusof

1,393 posts

Posted by aliyusof > 2016-03-28 15:35 | Report Abuse

EGM last Friday confirmed share capital reduction from 20 cts to 5 cts. http://klse.i3investor.com/servlets/anpth/1137388.jsp

Posted by prudentinvestor > 2016-04-07 12:15 | Report Abuse

Should avoid this counter completely. Very little chance of going up.

aliyusof

1,393 posts

Posted by Activetrader > 2016-04-11 11:00 | Report Abuse

the pheng family are all conman!

Posted by prudentinvestor > 2016-04-11 15:23 | Report Abuse

Very high possibility of dropping to 5 sen after the capital reduction.

aliyusof

1,393 posts

Posted by aliyusof > 2016-04-18 21:17 | Report Abuse

Pledged securities RHB Trustee (Tempatan)... almost a weekly disposal.. smell something

azizanOSK

63 posts

Posted by azizanOSK > 2016-04-20 15:57 | Report Abuse

kinsteel is related with perwaja. Perwaja already up so it will move too just matter of time.

azizanOSK

63 posts

Posted by azizanOSK > 2016-04-20 16:31 | Report Abuse

if u scared of recently bank is selling then can u think if they selling then whose are buying? all is already been planned.

aliyusof

1,393 posts

Posted by aliyusof > 2016-04-20 21:11 | Report Abuse

If the company is that good, why should major owners/banks holding their shares want to dump their shares as they are in the best position to know their worth? Small retail buyers are not. Simple logic. It has massive debts and is linked to another hugely indebted Perwaja and both on massive operational losses, good luck to u.

azizanOSK

63 posts

Posted by azizanOSK > 2016-04-20 22:52 | Report Abuse

since the retailer will not be the one who purchase the share during the disposal via open market from the banker/owner.. then can u let me know whose are the one purchase the disposal share? u can check back what price this owner/bank buying price before n why they want to sell cheap currently? its all between them.

azizanOSK

63 posts

Posted by azizanOSK > 2016-04-20 22:54 | Report Abuse

If I were the director. I know some good news in a future then I will dispose targeted script to other party then help me push back the price. any profit from it we will have a profit sharing. if I dont sell then operator wont get enough script to operate it. anyway the choice is yours. good luck

aliyusof

1,393 posts

Posted by aliyusof > 2016-04-21 08:55 | Report Abuse

There is a series of forced selling (margin call) by RHB Trustee on shares of major owner. What does it tell u? Please read the earlier Bursa announcement on their proposed debt restructuring agreement and massive 75% capital reduction. Just be cautious, friends.

hairi

473 posts

Posted by hairi > 2016-04-23 16:21 | Report Abuse

Sudden shortage of steel in malaysia reported by the star today...

aliyusof

1,393 posts

Posted by aliyusof > 2016-04-25 10:55 | Report Abuse

Azizanosk, ya it looks now very likely the buying and selling is between them. When happen to the shares bought if company has no good news, and, instead face drastic action by their secured creditors? Please advise.

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