Im not quite understand or confuse on how to calculate and dono when the right issue expire
it says
ratio 1:4
exersize prices 2.23
http://www.klse.com.my/website/bm/listed_c...FD?OpenDocument
about right issue(not sure which date ) below
http://www.klse.com.my/website/bm/listed_c...D1?OpenDocument
can anybody help?
Full Version: Kinsteel
QUOTE(mmusang @ Jul 28 2008, 10:26 PM)
Im not quite understand or confuse on how to calculate and dono when the right issue expire
it says
ratio 1:4
exersize prices 2.23
http://www.klse.com.my/website/bm/listed_c...FD?OpenDocument
about right issue(not sure which date ) below
http://www.klse.com.my/website/bm/listed_c...D1?OpenDocument
can anybody help?
it says
ratio 1:4
exersize prices 2.23
http://www.klse.com.my/website/bm/listed_c...FD?OpenDocument
about right issue(not sure which date ) below
http://www.klse.com.my/website/bm/listed_c...D1?OpenDocument
can anybody help?
You are entitled to purchase 1 unit of Perwaja share for every 4 units of share held in Kinstel. The price for each Perwaja share is RM2.23.
The ex-date for this right is 18 July 2008.
can we also purchase perwaja at 2.90 market price for the IPO as well?
QUOTE(georgechang79 @ Jul 29 2008, 12:03 AM)
can we also purchase perwaja at 2.90 market price for the IPO as well?
Yes, you are able to do that, but you have to apply for the IPO.
i mean the expire date for kinstel right issue because i got kinstel-os in my portfolio but afraid it will expired
May I know what is IPO ? Can explain to me more detail about it ?
QUOTE(YuNGSeNG @ Jul 29 2008, 03:16 PM)
May I know what is IPO ? Can explain to me more detail about it ?
IPO = Initial Public Offering.
It is for companies going to be listed on the stock exchange for the first time.
Traders and investors can subscribe/apply for the IPO to get the share "first-hand" before being listed.
After that, the applications will go for balloting and the successful applicants will get the share in their CDS account.
QUOTE(Jordy @ Jul 29 2008, 03:36 PM)
IPO = Initial Public Offering.
It is for companies going to be listed on the stock exchange for the first time.
Traders and investors can subscribe/apply for the IPO to get the share "first-hand" before being listed.
After that, the applications will go for balloting and the successful applicants will get the share in their CDS account.
It is for companies going to be listed on the stock exchange for the first time.
Traders and investors can subscribe/apply for the IPO to get the share "first-hand" before being listed.
After that, the applications will go for balloting and the successful applicants will get the share in their CDS account.
Oh I see , May i know how to apply for the IPO to get the share "first-hand" ? Currently I'm using OSK188 for stock trading , can use it to apply ?
How to see which new company is going to listed on stock market and their price of share ?
QUOTE(YuNGSeNG @ Jul 29 2008, 04:10 PM)
Oh I see , May i know how to apply for the IPO to get the share "first-hand" ? Currently I'm using OSK188 for stock trading , can use it to apply ?
How to see which new company is going to listed on stock market and their price of share ?
How to see which new company is going to listed on stock market and their price of share ?
Go to www.bursamalaysia.com and LEARN from there. There are vast information available, and if I am going to teach you everything, I think I need to start asking for tuition fees
QUOTE(Jordy @ Jul 29 2008, 09:29 PM)
Go to www.bursamalaysia.com and LEARN from there. There are vast information available, and if I am going to teach you everything, I think I need to start asking for tuition fees
If I not mistaken , bursa web don't have the infomation about how to start buy the new "first hand" share.
What do you think of the Perwaja IPO price? Is it fairly valued? Worthwhile to subscribe?
QUOTE(YuNGSeNG @ Jul 29 2008, 09:56 PM)
If I not mistaken , bursa web don't have the infomation about how to start buy the new "first hand" share.
Then it means you did NOT take your time to have a look.
I found it, so it is impossible that you can't find it
QUOTE(Justmua @ Jul 30 2008, 04:11 PM)
What do you think of the Perwaja IPO price? Is it fairly valued? Worthwhile to subscribe?
Perwaja steel has one of the most modern steel mill in Malaysia and its steel bars are really good. Just the management was bad and with the Eric Chia CBT drag the name to the mud.
If Kinsteel can turnaround the company, it will as good as ann joo and southern steel. Last i check, ann joo steel and southern steel is trading around 3.10 and 2.93, so its price 2.90 is nearly similarly priced.
Steel firms brace for tougher times
Local millers may be hit by influx of cheaper products
PETALING JAYA: While the domestic construction sector is cheering China’s move to waive export duties on steel products from Dec 1, local steel industry players are bracing for tougher times.
Steel millers, which are still reeling from substantially lower prices and sluggish demand, could be hit next by an influx of cheaper products.
SJ Securities analyst Chris Liew said: “On the whole, it doesn’t look good for our players. With China’s steel becoming more attractive and possible dumping, there’s going to be a lot of supply.”
Local players are currently running at a low utilisation rate of 40% to 60%.
Furthermore, in the absence of new project announcements, things were looking “very bad” now, he added.
“China’s move will directly or indirectly cause a further slump in regional steel prices, resulting in some margin erosion for our local boys,” another analyst said.
However, major steel players Ann Joo Resources Bhd and Perwaja Holdings Bhd are confident they would not be “too affected”.
Ann Joo executive director Datuk Lim Hong Thye said details of China’s new scheme remained sketchy.
“From what I’ve heard, the duty on long steel products is still maintained at 15% to 25%, and since the majority of our products are long steel products, we should not be too affected,” he told StarBiz.
Steel prices on the international market have declined between 50% and 70% from their peak in July to August.
“The international steel price has seen a rebound of around US$100 per tonne over the past few days. I don’t know if this will be sustainable,” Lim said.
Perwaja chief executive Henry Pheng said the company was adjusting its production to current market conditions. “We believe that confidence should return to the market by next year and demand should improve,” he said.
Master Builders Association Malaysia, which represents 3,000 contractors in Malaysia, expects China’s export duty on its long steel bars would be waived next.
President Ng Kee Leen said association members would be importing more steel from China by early December.
On average, the domestic construction industry consumes about 200,000 tonnes of long steel bars a month.
Ng projected that the latest waiver of export duty on steel bars could result in cost savings of up to RM100mil a month for the local industry, thus making it more competitive.
The price of steel bars from China (including freight charges and handling) was still below RM2,000 a tonne compared with the average domestic steel bar price of about RM2,850 a tonne.
Ng said steel bars imported from Japan and South Korea were much cheaper at about RM2,200 to RM2,300 a tonne.
He said given the cheaper steel bars, the price of a double-storey terrace house could be reduced by RM2,000 to RM3,000.
URL: http://biz.thestar.com.my/news/story.asp?f...82&sec=business
Local millers may be hit by influx of cheaper products
PETALING JAYA: While the domestic construction sector is cheering China’s move to waive export duties on steel products from Dec 1, local steel industry players are bracing for tougher times.
Steel millers, which are still reeling from substantially lower prices and sluggish demand, could be hit next by an influx of cheaper products.
SJ Securities analyst Chris Liew said: “On the whole, it doesn’t look good for our players. With China’s steel becoming more attractive and possible dumping, there’s going to be a lot of supply.”
Local players are currently running at a low utilisation rate of 40% to 60%.
Furthermore, in the absence of new project announcements, things were looking “very bad” now, he added.
“China’s move will directly or indirectly cause a further slump in regional steel prices, resulting in some margin erosion for our local boys,” another analyst said.
However, major steel players Ann Joo Resources Bhd and Perwaja Holdings Bhd are confident they would not be “too affected”.
Ann Joo executive director Datuk Lim Hong Thye said details of China’s new scheme remained sketchy.
“From what I’ve heard, the duty on long steel products is still maintained at 15% to 25%, and since the majority of our products are long steel products, we should not be too affected,” he told StarBiz.
Steel prices on the international market have declined between 50% and 70% from their peak in July to August.
“The international steel price has seen a rebound of around US$100 per tonne over the past few days. I don’t know if this will be sustainable,” Lim said.
Perwaja chief executive Henry Pheng said the company was adjusting its production to current market conditions. “We believe that confidence should return to the market by next year and demand should improve,” he said.
Master Builders Association Malaysia, which represents 3,000 contractors in Malaysia, expects China’s export duty on its long steel bars would be waived next.
President Ng Kee Leen said association members would be importing more steel from China by early December.
On average, the domestic construction industry consumes about 200,000 tonnes of long steel bars a month.
Ng projected that the latest waiver of export duty on steel bars could result in cost savings of up to RM100mil a month for the local industry, thus making it more competitive.
The price of steel bars from China (including freight charges and handling) was still below RM2,000 a tonne compared with the average domestic steel bar price of about RM2,850 a tonne.
Ng said steel bars imported from Japan and South Korea were much cheaper at about RM2,200 to RM2,300 a tonne.
He said given the cheaper steel bars, the price of a double-storey terrace house could be reduced by RM2,000 to RM3,000.
URL: http://biz.thestar.com.my/news/story.asp?f...82&sec=business
Coal raw material price does not fall much. So the dumping could not for long term.
Then you have to import in bulk with bank facility. Most of the contractors are small.
Currency risk, weaker Ringgit.
China pump prime may need more steel.
Oil goes up with Dow, and so with other commodities.
Then you have to import in bulk with bank facility. Most of the contractors are small.
Currency risk, weaker Ringgit.
China pump prime may need more steel.
Oil goes up with Dow, and so with other commodities.
So anybody grabbed KINSTEEL? 0.42 is today's closing price.
gonna drop more today
It dropped to 0.40 now.
q at 3.8 now
QUOTE(mo_meng @ Nov 21 2008, 09:57 AM)
q at 3.8 now
RM 3.80 and 3.8sen, makes a lot of diff, brother.
hoho is 38 sen
Kinstel now at 42.5 sen
QUOTE(SKY 1809 @ Nov 21 2008, 12:39 PM)
Kinstel now at 42.5 sen.
Enjoy the show for those waiting at sideline.
Enjoy the show for those waiting at sideline.
Missed the boat..... was busy working...
Don't care, gonna queue at 0.40...
On its way to 50sen on Monday.
KINSTEEL’S 3Q08 REVENUE SURGES 45.1% TO RM845M
Fully integrated steel producer, Kinsteel Berhad (Bursa: KINSTEL), today announced a 45.1% surge in revenue to RM844.9 million for the three months ended 30 September 2008 (3Q08), as compared to RM582.4 million reported in the same period a year ago (3Q07).
Profit after tax grew 57.2% to RM110.2 million in 3Q08 versus RM70.1 million in 3Q07. However, taking into consideration the dilutive effect of the listing of 51%-owned subsidiary, Perwaja Holdings Bhd, in August, profit attributable to shareholders declined 31.9% to RM27.6 million.
Commenting on the Group’s performance, Tan Sri Dato’ Pheng Yin Huah, Managing Director of Kinsteel said, “The Group experienced a volatile third quarter with prices declining from September. Adopting a prudent approach, we decided to make a provision for impairment in the value of Perwaja’s inventory. This had an effect of wiping some RM120 million off the Group’s profit after tax.”
In 3Q08, the average selling price of billets and direct reduced iron (DRI) increased 85.3% and 94.3% respectively, while the average selling price of steel bars rose 71.0%, as compared to the 3Q07.
Total production output of billets and DRI grew 1.2% from 511,019 metric tonnes to 516,948 metric tonnes, while steel bar production output increased 11.8% to 85,704 metric tonnes from 76,657 metric tonnes in 3Q07.
Outlook & Plans
Facing the challenges of a global economic slowdown, the Group continues to stay vigilant and aims to further improve its efficiency. With its strong performance registered in the first half of 2008, the Group expects a satisfactory full-year results.
Said Tan Sri Dato’ Pheng, “Despite the uncertainties in the economic environment, we will continue to be on our toes to seize opportunities as they come by. Furthermore, with strong fundamentals built up over the years, we are confident that Kinsteel is well-prepared for the challenges ahead.”
About Kinsteel Berhad
Kinsteel Berhad is one of the largest steel millers in Malaysia, and a leading integrated player in the region. Established in 1991 and listed on the Malaysian stock exchange in 2002, the Group manufactures a complete range of long steel products used mainly in the manufacturing, construction and infrastructure industries. Its range of products includes upstream products such as DRI, billets, beam-blanks & blooms; midstream products such as steel round bars, deformed bars, flat bars, angle bars, U-channel bars; and downstream products such as sections and drawn wires. Kinsteel currently owns 37% of listed entity Perwaja Holdings Bhd and 51% of Perfect Channel Sdn Bhd.
Fully integrated steel producer, Kinsteel Berhad (Bursa: KINSTEL), today announced a 45.1% surge in revenue to RM844.9 million for the three months ended 30 September 2008 (3Q08), as compared to RM582.4 million reported in the same period a year ago (3Q07).
Profit after tax grew 57.2% to RM110.2 million in 3Q08 versus RM70.1 million in 3Q07. However, taking into consideration the dilutive effect of the listing of 51%-owned subsidiary, Perwaja Holdings Bhd, in August, profit attributable to shareholders declined 31.9% to RM27.6 million.
Commenting on the Group’s performance, Tan Sri Dato’ Pheng Yin Huah, Managing Director of Kinsteel said, “The Group experienced a volatile third quarter with prices declining from September. Adopting a prudent approach, we decided to make a provision for impairment in the value of Perwaja’s inventory. This had an effect of wiping some RM120 million off the Group’s profit after tax.”
In 3Q08, the average selling price of billets and direct reduced iron (DRI) increased 85.3% and 94.3% respectively, while the average selling price of steel bars rose 71.0%, as compared to the 3Q07.
Total production output of billets and DRI grew 1.2% from 511,019 metric tonnes to 516,948 metric tonnes, while steel bar production output increased 11.8% to 85,704 metric tonnes from 76,657 metric tonnes in 3Q07.
Outlook & Plans
Facing the challenges of a global economic slowdown, the Group continues to stay vigilant and aims to further improve its efficiency. With its strong performance registered in the first half of 2008, the Group expects a satisfactory full-year results.
Said Tan Sri Dato’ Pheng, “Despite the uncertainties in the economic environment, we will continue to be on our toes to seize opportunities as they come by. Furthermore, with strong fundamentals built up over the years, we are confident that Kinsteel is well-prepared for the challenges ahead.”
About Kinsteel Berhad
Kinsteel Berhad is one of the largest steel millers in Malaysia, and a leading integrated player in the region. Established in 1991 and listed on the Malaysian stock exchange in 2002, the Group manufactures a complete range of long steel products used mainly in the manufacturing, construction and infrastructure industries. Its range of products includes upstream products such as DRI, billets, beam-blanks & blooms; midstream products such as steel round bars, deformed bars, flat bars, angle bars, U-channel bars; and downstream products such as sections and drawn wires. Kinsteel currently owns 37% of listed entity Perwaja Holdings Bhd and 51% of Perfect Channel Sdn Bhd.
So, its share may surge tomorrow? 
LOWEST: 0.410
HIGHEST: 0.440
LDONE: 0.420
LOWEST: 0.410
HIGHEST: 0.440
LDONE: 0.420
STOCK CODE NAME REF HIGH LOW LAST CHANGE VOLUME ('00)
5060 KINSTEL 0.410 0.415 0.400 0.400 -0.010 4,688
look unencouraging..
5060 KINSTEL 0.410 0.415 0.400 0.400 -0.010 4,688
look unencouraging..
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