Posted by tonylim > 2012-12-31 11:12 | Report Abuse

.

Posted by jtpc2006 > 2013-04-13 07:11 | Report Abuse

richman, come over to this forum, can share more with the others.

Posted by richman > 2013-04-15 10:42 | Report Abuse

come over to which forum?

Posted by jtpc2006 > 2013-04-15 19:49 | Report Abuse

here. Yunkong's financial report is out,done very well.

Posted by richman > 2013-04-15 20:10 | Report Abuse

the warrants will fly

Posted by Wy Lee > 2013-04-16 10:01 | Report Abuse

Good Q result but bearish market..Zzzz...

Posted by richman > 2013-04-16 10:20 | Report Abuse

wy lee buy now bcos the opportunity will not be there later.u delay u lose

Posted by richman > 2013-04-16 15:10 | Report Abuse

last few lots at 2 cts. Anyone?

Posted by jtpc2006 > 2013-04-17 11:36 | Report Abuse

Starbiz, 17/4/13 issue:
KUCHING: Yung Kong Galvanising Industries Bhd (YKGI) targets group revenue to hit the RM500mil mark this year on improving demand for its products as the local steel industry recovers from its doldrums.

Managing director and chief executive officer (CEO) Datuk Soh Thian Lai said sales of steel products had picked up as reflected by a 44% jump in YKGI group's turnover to RM139mil in the first quarter ended March 31, 2013 from RM96.5mil in the same period last year.

The company returned to the black with a group pre-tax profit of RM2.63mil for the first quarter from a loss of RM3.07mil in the same quarter last year.

“Our group has RM100mil worth of outstanding orders to be delivered. We expect a 25% increase in group production to 250,000 tonnes this year from about 200,000 tonnes last year,” Soh told StarBiz after YKGI's EGM here yesterday.

He said the group recorded about RM460mil in turnover last year, adding that the highest annual revenue it had registered so far was RM480mil before the industry's downturn.

YKGI, which has manufacturing facilities in Selangor and here, is Malaysia's top three flat steel producers among the seven players.

The group's main products are pickled and oiled coils, cold rolled coils, galvanised iron coils and pre-painted galvanised iron coils.

Soh said the steel industry in Peninsular Malaysia had benefited from better profit margins on increasing demand and that the company was confident the current demand could be sustained.

He said YKGI's average gross profit margin had risen to 10.2% from 7% a year ago. The company hopes to raise it by a further 5% by June.

He said the local steel industry experienced a turnaround after prices of steel products in China and Japan moved up early this year.

According to Soh, YKGI group sourced 100% of its imported raw material and hot rolled coils from Nippon Steel Corp, which has a 10% equity interest in YKGI.

He said as Nippon Steel was Japan's biggest and the world's second largest steel mill owner with an annual production of 55 mil tonnes, it was able to lower production cost.

“Besides the competitive price, Nippon Steel guarantees high quality and a constant supply of the raw materials to us,” he added.

At the EGM, shareholders approved a series of corporate proposals, including fund-raising.

YKGI is expected to raise net proceeds of RM42.95mil from a private placement and restricted issue of new 50 sen shares to substantial shareholder Marubeni-Itochu Steel Inc.

The private placement of more than 39.1 milllion shares representing 20% of the company's existing issued and paid-up capital will raise gross proceeds of RM19.55mil.

Soh has agreed to subscribe to a minimium of 10 mil placement shares and the remaining new shares would be placed out to third party investor.

The restricted issue of 48.8 mil shares to Marubeni-Itochu Steel Inc will raise gross proceeds of RM24.4mil. From the gross proceeds, RM1mil will be used to pay for the expenses of the corporate exercise.

Soh said the proceeds would be used as the company's working capital within 12 months.

Also approved was the proposed acquisition of the remaining 45.52% equity interest in Starshine Holdings Bhd for RM16.6mil to be satisfied via the issuance of 33.2 mil new 50 sen shares.

On completion of the acquisition, Starshine will become YKGI's wholly-owned subsdiary. Starshine group is principally involved in the manufacturing and trading of both long and flat steel products.

The EGM also gave its nod to a bonus issue of up to 38.2 mil new shares on the basis of one bonus share for every 10 existing shares held on an entitlement date to be determined later.

Shareholders will also get three free warrants for every 10 YKGI shares. The exercise will involve the issuance of up to 114.6 mil new warrants.

The bonus shares and free warrants will only be issued after the completion of the acquisition of Starshine, private placement and restricted issue.

“Marubeni-Itochu's stake in YKGI will be increased to over 26% from 18.4% upon completion of the restricted issue,” said Soh. Marubeni-Itochu has been YKGI's major foreign shareholder since 1983.

Nippon Steel's stake in YKGI will, however, be diluted to 7% after the corporate exercise

Soh said the combined stakes of Marubeni-Itochu and Nippon Steel would jump to one-third of YKGI's expanded capital of RM165mil upon completion of the entire corporate exercise expected by next month.

Posted by richman > 2013-04-17 11:47 | Report Abuse

why is it not moving?any idea jtpc

Posted by tradersam > 2013-04-17 12:25 | Report Abuse

Think they will fix a time to goreng it kaw kaw soon :) When??? you'll av to keep watch!

Posted by kenlee1111 > 2013-04-17 12:27 | Report Abuse

why nothing??? Zzz.....

Posted by richman > 2013-04-17 12:32 | Report Abuse

it will have to go up rather than down because of the bonus issue and moving forward looks very bright.I foresee it within 6 months to probably trade between 80cts-$1

Posted by richman > 2013-04-17 12:37 | Report Abuse

even the warrants got more than 2 months b4 expiry.The shares maybe tightly held by the major shareholders so there is a possibility there will be those who may buy the warrants for conversion into shares,the ex price is only 50 cts plus current wrts price of 2 cts means only 52 cts which is a strong possibility

Posted by richman > 2013-04-18 08:21 | Report Abuse

today let is run................waiting

Posted by Handsome > 2013-04-18 10:54 | Report Abuse

still sleeping?

Posted by richman > 2013-04-18 11:05 | Report Abuse

most shares tightly held not many shares available for sale unless you are offering a good price. hope this happens

Posted by richman > 2013-04-18 11:07 | Report Abuse

I am confident the warrants will come because it is trading at a slight premium to the mother share. Tp 4-6cts maintained

Posted by Handsome > 2013-04-18 11:17 | Report Abuse

not many ppl in the Q yet....still waiting. It takes interest and demand from public to move a counter.....still waiting

Posted by richman > 2013-04-18 11:54 | Report Abuse

LET ME CREATE THE INTEREST AND THE DEMAND.buy the mother share and you will receive bonus shares and free warrants.in addition you will be a shareholder of a company owned by two giant Japanese steel companies.Future outlook and forecast earning looks very promising .Tp $1 in 6 months time

Posted by richman > 2013-04-18 11:58 | Report Abuse

if 48 cts go then it might go up to at least 55 cts today

Posted by richman > 2013-04-18 12:20 | Report Abuse

come on break 50 cts

Posted by richman > 2013-04-18 14:09 | Report Abuse

my promotion seem to be a success.48cts gone now 50cts gone next resistance 55cts.good luck to all in here

Posted by richman > 2013-04-18 14:18 | Report Abuse

I am a small fry compared to the big guns in this co.We can now wait for this big boys to come in

Posted by richman > 2013-04-18 14:25 | Report Abuse

once the mother starts its run tough to buy the warrants.be quick if u see it move. keep an eagle eye on it for some quick cash

Posted by richman > 2013-04-18 14:48 | Report Abuse

mother is bullish but still not much volume.the thing about this ctr is even if it touches 55 cts the volume will be small.so the leverage play is the warrants very attractive now

Posted by richman > 2013-04-18 14:49 | Report Abuse

buy the warrants b4 the big guys come in and buy all.

Posted by richman > 2013-04-18 14:50 | Report Abuse

very confident of at least 4 cts today

Posted by richman > 2013-04-18 16:12 | Report Abuse

even if u q 2 cts now maybe can get but I think most are holding out for more

Posted by richman > 2013-04-18 16:15 | Report Abuse

yunkong will not retrace but will move higher from now

Posted by richman > 2013-04-18 16:56 | Report Abuse

48.5cts at the highs

Posted by Greenpower > 2013-04-19 18:18 | Report Abuse

Fr d financial report . It look positive......

Posted by Greenpower > 2013-04-19 18:42 | Report Abuse

Fr news, another target will come

Posted by Handsome > 2013-04-21 15:38 | Report Abuse

nothing happening yet

Posted by Greenpower > 2013-04-21 23:20 | Report Abuse

10 share free 1 n 3 warrant. Very good

Posted by Greenpower > 2013-04-29 17:11 | Report Abuse

Green prover coming up.

Posted by Greenpower > 2013-04-30 14:36 | Report Abuse

When is d annoument can done for 10 bonus 1?

Posted by jtpc2006 > 2013-05-08 15:28 | Report Abuse

Marubeni and MD has started to buy in mother share, warrant will also go up.

Posted by richman > 2013-05-08 16:24 | Report Abuse

monitor

Posted by behindthescene > 2013-05-08 17:02 | Report Abuse

ini kali lah yunkong wa!

Posted by behindthescene > 2013-05-08 23:40 | Report Abuse

MD acquire quite a lot huhh!!!

Posted by csk396 > 2013-05-09 00:37 | Report Abuse

can buy in ? now 0.51 already.

Posted by behindthescene > 2013-05-09 11:26 | Report Abuse

ini kali lah!!!!

Posted by behindthescene > 2013-05-09 11:38 | Report Abuse

richman any update?

Posted by chengyee > 2013-05-09 11:56 | Report Abuse

Trap

Posted by Airo Chasz > 2013-05-09 12:29 | Report Abuse

just bought warrant at .025..then suddenly drop 0.02..just realize the hectic here,so hold or not..dont know.help

Posted by Suparto > 2013-05-10 12:55 | Report Abuse

SCOMI Warrant 2012 , remember the lessons

Posted by Sarawak Magician > 2013-05-13 00:49 | Report Abuse

危険な投資、あぶない！！！！

Posted by Greenpower > 2013-05-13 10:57 | Report Abuse

Yes. I'm confident to yung kong too. As it is d positive situation now. Don't miss. Rocket is coming soon

Posted by Yang Shu Qi > 2013-05-13 13:17 | Report Abuse

attention,government is gonna offer rm 60 billion contract to build new railway from singapore to kl....and with all construction stock fly,wil this steel company fly to....let see...buy in b4 too late