Posted by Ng Kai Yau > 2014-04-09 22:38 | Report Abuse

dragonking, do you has insider info. management telan the inventory stock? thks

Posted by aliyusof > 2014-04-10 13:21 | Report Abuse

Sorry for those losing money because believing in those news reported in papers.Some writers or so called analysts were paid to visit the plants or mines, treated to very lunch and dinner. Then write what owners tell them.
Without any insider information, can only study their audited accounts and all their announcements. Just by doing these is enough to scare u away from touching this counter.

Posted by tanyuethan > 2014-04-11 09:48 | Report Abuse

SHUD GO IN AT THIS PRICE? WAT IF PN17???

Posted by Michael Jong > 2014-04-11 18:30 | Report Abuse

this counter already PN17.

Posted by tanyuethan > 2014-04-12 18:47 | Report Abuse

shud go in at this price???

Posted by Michael Jong > 2014-04-12 20:41 | Report Abuse

if got the price still in RM 0.165 - RM 0.175 still can go because it will fly anytime...but trade on your own risk.

Posted by Gigi Ong Pei Hsia > 2014-04-16 20:59 | Report Abuse

What happen this counter

Posted by Michael Jong > 2014-04-17 18:24 | Report Abuse

coming coming ady...haha

Posted by sookfun > 2014-04-18 10:14 | Report Abuse

Michael, wat ur target price?

Posted by iizani > 2014-04-18 10:19 | Report Abuse

going up...up...up

Posted by Michael Jong > 2014-04-18 11:25 | Report Abuse

Dunno yet but unless will goes up until RM 0.35 by this end of June

Posted by Michael Jong > 2014-04-18 11:25 | Report Abuse

heard it will goes up until RM 1 - 2 if the news was correct

Posted by jm3525 > 2014-04-18 14:02 | Report Abuse

this company got many debt in account.. u touch it then u will regret it.. please refer to the audited report...

Posted by tanyuethan > 2014-04-18 18:30 | Report Abuse

regret didnt buy earlier at 0.13....

Posted by Michael Jong > 2014-04-19 07:12 | Report Abuse

yes....next week may up to RM 0.25 ...yahoo...

Posted by sookfun > 2014-04-19 13:59 | Report Abuse

Ya I get de news as well

Posted by Michael Jong > 2014-04-23 06:22 | Report Abuse

aiya....why yesterday suddenly drop until negative neh.....come on....this week target RM 0.25 and next week target RM 0.35

Posted by aliyusof > 2014-04-23 11:28 | Report Abuse

Checked company announcement just now, executive chairman and 3 directors resigned yesterday. Good or bad signs?

Posted by abdulrahim > 2014-04-30 21:12 | Report Abuse

Eastern steel will operate soon. Perwaja sure gone maa

Posted by iizani > 2014-05-08 10:43 | Report Abuse

any news on perwaja???tnb deal?

Posted by frankycnh > 2014-05-12 17:54 | Report Abuse

i think can hold.. how u guys think??

Posted by Stock Operator > 2014-05-12 17:54 | Report Abuse

probably not buddy. =>

Posted by aliyusof > 2014-05-15 08:40 | Report Abuse

Franky, take my advice, sell it ...

Posted by frankycnh > 2014-05-20 09:53 | Report Abuse

yes.. planning sell some amount.. but seems too late.. losing price now

Posted by sookfun > 2014-05-21 08:31 | Report Abuse

frankycnh, me too lose in perwaja, u bought at what price?

Posted by frankycnh > 2014-05-22 17:04 | Report Abuse

0.185.. but i still believed it will rise, just that maybe need some time.. lol

Posted by vegebotak > 2014-05-30 18:15 | Report Abuse

dead and sure holland......

Posted by investor99 > 2014-06-01 00:46 | Report Abuse

減記與注銷1.8億拖累‧柏華嘉3個月虧2.35億
2014-05-31 12:31



（吉隆坡30日訊）由於作出總值1億8千萬令吉的庫存減記及資產注銷，柏華嘉（PERWAJA,5146,主板工業產品組）截至2014年3月31日止季度財報再傳出2億3千509萬3千令吉巨額虧損，令15個月累積虧損擴大至6億5千602萬4千令吉。

此外，缺乏天然氣和電力供應導致柏華嘉陷入“零生產”窘境，最新季度營業額只有537萬1千令吉，15個月累積營業額則報9億1千852萬令吉。

由於柏華嘉早前決定將財政年調整至6月30日，2013財政年因此長達18個月，從2013年1月1日至2014年6月30日止，導致柏華嘉業績無前期比較數據。

柏華嘉董事部透過文告表示，最新季度財報寫下偏低營業額和巨額虧損，主要因國家能源（TENAGA,5347,主板貿服組）和國家石油中斷電力和天然氣供應，導致公司處於零生產狀態。

另外，該公司在最新季度中作出9千萬令吉庫存減值，及另外9千萬令吉的資產註銷，亦對業績造成重大負面影響。

“去年11月，大馬股票交易所根據上市條例，將公司列為PN1和PN17陷困公司，需在12個月內上呈重組計劃；為此，公司目前正擬定重組計劃中。”

董事部亦坦言，由於集團正進行債務重組活動，以解決流動性問題，因此集團未來展望，很大程度取決於能否獲債權人批准重組規劃、與金融機構和大馬政府的洽談結果、以及重組計劃可否成功落實。

基於上述原因，董事部坦言未來展望充滿挑戰，惟未來18個月內可能落實的數項價值料達200億令吉的高速大道建築計劃，卻讓公司仍有希望。（星洲日報／財經）

Posted by investor99 > 2014-06-01 00:48 | Report Abuse

卻讓公司仍有希望？ means if cant get that project, will rip?

Posted by chilton30a > 2014-06-02 13:32 | Report Abuse

why must u still bear hopes with this lousey company;gas supply cut,electricity disconnected though the tan sri holds alot high posts in the community,he is a low quality businessman by virtual.

Posted by aliyusof > 2014-06-02 14:24 | Report Abuse

My Chinese friend translated above news for me: lost RM235M in 1Q2014 alone and RM650m in last 15 mths, negative shareholder fund of RM260m! no production already 1 year. Betul kah?

Posted by aliyusof > 2014-06-02 14:27 | Report Abuse

Luckily I cut loss a few mths back.

Posted by investor99 > 2014-06-02 16:53 | Report Abuse

situation more serious than lioncor..lioncor at least still hold land properties around rm1 billion, which valued counted 20 years ago, consider under value right now. perwaja totally zero & owe alots of debt

Posted by Gigi Ong Pei Hsia > 2014-06-05 09:59 | Report Abuse

So how .....

Posted by aliyusof > 2014-06-05 11:48 | Report Abuse

Sell

Posted by Gigi Ong Pei Hsia > 2014-06-06 09:37 | Report Abuse

Thx

Posted by aliyusof > 2014-06-06 12:25 | Report Abuse

Gigi, your purchase price?

Posted by Gigi Ong Pei Hsia > 2014-06-08 03:28 | Report Abuse

0.32

Posted by aliyusof > 2014-06-09 12:34 | Report Abuse

Too big gap in your purchase price and current price. Difficult to advise u at this point, really.

Posted by dragonking > 2014-06-09 12:43 | Report Abuse

conman counter, a band of thieves.

Posted by aliyusof > 2014-06-09 12:52 | Report Abuse

Gigi, very sorry to hear it. If you traced back all my previous comments in this forum, u will know my recommendation.

Posted by spinninglotus > 2014-06-10 21:41 | Report Abuse

For those investors still holding this company, what you need to watch is about the restart of operation of perwaja steel plant from May 2014 onwards. Pheng Yin Wah needs to start the operation after petronas and TNB agrees to reconnect electricity to the steel mills. This is the first challenge. You guys can actually ask your friends in Terengganu to see if Perwaja is operating again or not. If Perwaja is starting to operate and producing steel from its Terengganu plant, then it means there is hope. This is Challange number 1.

Posted by spinninglotus > 2014-06-10 21:45 | Report Abuse

Challenge number 2: The cost of steel production has to be much lower now compared to months ago before it was being closed down. This is to make sure it actually can generate more profit/ reduce loss at lowest cost possible. If its cost of production is still as freaking high as compared to China, then the future is still no good. Ask your friend in Terengganu to watch if the plant is actively producing steels and if their inventory of steel is high or low now.

Posted by spinninglotus > 2014-06-10 21:48 | Report Abuse

Challenge number 3: Ask your friends in Terengganu to watch if Perwaja's concentration and pelletising plant have been completed how many percentage? If this is still hanging in the air, then no hope. If this one is nearly completed or already completed, then perwaja can start this gradually. However, chance is that the concentration and pelletising plant is not running or already stop running or stop building or whatever. If the plants are operating, definitely they have to announce it on Bursa Malaysia. Easy way is to spend some money, buy airasia ticket, go to Terengganu to have a look yourself.

Posted by spinninglotus > 2014-06-10 21:51 | Report Abuse

Challenge number 4: Only insiders know this. Rumours also can tell. Pheng Yin Wah keeps repeating that Perwaja is in the midst of finalising the debt restructuring exercise and no updates available until to date. Key word is Finalising, finalising and finalising....When they keep finalising and finalising, it means all creditors and debtors do not agree on the terms and conditions...Time is running out, by December they have to finalise something. If they still cannot finalise, that means possible BANKRUPTCY. Selling assets to bayar hutang. Close down shops.

Posted by spinninglotus > 2014-06-10 21:58 | Report Abuse

Creditors and debtors,especially local banks such as RHB Bank, have to tolerate some negotiations in favour of perwaja. This is because if perwaja goes bankrupt, RHB will lose the money. THerefore I suspect Pheng Yin Wah and Perwaja is playing "Taichi" with all the creditors and debtors. Pheng Yin Wah will say," you guys need to give me benefits by cutting down interest of payment, deferment of payment, or else I bankrupt and close shop". They will delay, delay and delay until in the end no choice but to accept terms and conditions in favour of perwaja. In the meantime, whether perwaja lose more money or earn some money depends on its cost of production now and price of selling of steel. As of now, you see China steel imports are coming in crazily. All bought up by local construction and property companies because they want cheap steels. Perwaja has to compete. Will perwaja continue selling at a loss? Steel price lower and lower, but iron ore price is also lower and lower. Now China is stimulating construction again, iron ore price jumps up a bit, steel price continue going lower and lower. Lower and lower selling price until how much perwaja can untung?

Posted by aliyusof > 2014-06-11 14:55 | Report Abuse

Excellently well written and on the dot, Spinninglotus. Point 1 and 3 are easily checked and answers are NEGATIVE! Just check it and u will know.

Posted by aliyusof > 2014-06-12 06:41 | Report Abuse

Brothers, kawan aku di Kemaman pergi kilang Perwaja tanya security jaga pintu.TNB sudah potong bekalan letrik hari isnin sekali lagi kerana tak bayar bil. Gas dan air pun sudah potong. Aku susah nak percaya dan kawan karib aku ini sahkan betul. Apa ini?

Posted by aliyusof > 2014-06-24 11:02 | Report Abuse

Berita terakhir (kawan aku di Perwaja Kemaman): kilang tutup dan semua staf di minta balik rumah masing masing. Bayar RM450 sebulan tak kira pangkat staf. Tak ada harapan lagi!

Posted by speakup > 2014-06-24 11:20 | Report Abuse

this company just like MAS. Only hope is privatise by Govt.