With mining, throw away Perwaja, kinstel can be rm1billion company in 2 years. Without mining, with more Perwaja burning all $$$ away, kinstel bankrupt. So what should them do? Quite obvious. They have to bankrupt Perwaja, and switch money into mining.

Many mining companies in Malaysia, in Pahang and Terengganu are earning lots of money-from Malaysia mining export statistics. None of them disclose their mines details. So I do not expect them to disclose mining details as soon. Mining can start soon, and earning cash cow. Initial capital commitment from kinstel financial report is adequate, just not into more Perwaja. Mining can at least sustain for 2 years, with about rm1 billion profit easily.

With mining, throw away Perwaja, kinstel can be rm1billion company in 2 years. Without mining, with more Perwaja burning all $$$ away, kinstel bankrupt. So what should them do? Quite obvious. They have to bankrupt Perwaja, and switch money into mining.

Many mining companies in Malaysia, in Pahang and Terengganu are earning lots of money-from Malaysia mining export statistics. None of them disclose their mines details. So I do not expect them to disclose mining details as soon. Mining can start soon, and earning cash cow. Initial capital commitment from kinstel financial report is adequate, just not into more Perwaja. Mining can at least sustain for 2 years, with about rm1 billion profit easily.

I hope Pheng is reading my suggestions to them. At extreme conditions they have to make such difficult situation. Kinstel can still turnaround, but not Perwaja.

I hope Pheng is reading my suggestions to them. At extreme conditions they have to make such difficult situation. Kinstel can still turnaround, but not Perwaja.

Pheng family can only decide whether to bankrupt Perwaja or bankrupt Perwaja+kinstel. Pheng has 30% stake in Perwaja, at IPO rm2.50, nothing is left now. By closing Perwaja, kinstel can start anew, eventually earn back all money from mining. Kinstel has to let go Perwaja. Once Perwaja bankrupt, all it's debtors will bear the loss. Kinstel can avoid paying more money into Perwaja. Instead the money can be used by kinstel to start mining, earning money to rise up in the end. This is the only way.

Pheng family can only decide whether to bankrupt Perwaja or bankrupt Perwaja+kinstel. Pheng has 30% stake in Perwaja, at IPO rm2.50, nothing is left now. By closing Perwaja, kinstel can start anew, eventually earn back all money from mining. Kinstel has to let go Perwaja. Once Perwaja bankrupt, all it's debtors will bear the loss. Kinstel can avoid paying more money into Perwaja. Instead the money can be used by kinstel to start mining, earning money to rise up in the end. This is the only way.

Delist Perwaja, all debtors will be forced to take on losses. Kinstel separates itself from Perwaja, start anew as mining company. Then only kinstel will recover.

Delist Perwaja, all debtors will be forced to take on losses. Kinstel separates itself from Perwaja, start anew as mining company. Then only kinstel will recover.

With Perwaja hot potato still bleeding blood all money going down the drain continuously, who wants to give more funds for kinstel? To burn money into Perwaja? People are not stupid.

I suggest kinstel to close down Perwaja, take over mining and concentration pelletising plants, then fresh money will come.

I think kinstel should close down Perwaja, delist it and restructure, take over its mining, concentration and pelletising plant, then kinstel can survive and progress. Why keep a losing business?

I think kinstel should close down Perwaja, delist it and restructure, take over its mining, concentration and pelletising plant, then kinstel can survive and progress. Why keep a losing business?

He buys quietly, then asking you all to sell... He sold, then he kept quiet for you guys to buy... He only biasly select bad news, which do not reflect near future market trend but only past news- which are already priced in at current share price. What BullBear does not know is that, anytime from now on, market will be pricing in future earnings, not all the old stuff. Guys, any price you buy now,2.40-2.60, it will definitely go up later! Good luck! Do not listen to BullBear, he has cheated all retail investors here nicely for his own benefit. Just take it as parrots.

The lesson here is, never listen to BullBear because his timing is terrible!

China’s imports of iron ore, the single-biggest source of demand for the vessels, expanded 8.1 percent to 526.7 million metric tons in the year to August compared with the same period a year earlier, customs data show. The increase is the result of strengthening steel output and prices in China, according to Fotis Giannakoulis, a New York-based analyst at Morgan Stanley.

There is nothing worst than this quarter. Things will only get better and better... No more factory maintenance shut down, higher margin for export of inventory products, lowest cost of production once pelletising and concentration plants up, mining once starts in 4 th quarter, debt problem solved by 5th October... US, Japan housing boom... China economy stabilization... New major shareholder coming in... Lots of good news ahead!

300% return in 1 year, do not worry. Just buy and keep.

I agree with you. Perwaja is kinstel's hot potato.

ok la. anbz, I buy first, you buy 5 years later la... remember to collect at 7cents la.

Not to underestimate construction boom coming soon in America and Japan.

China import of iron ore has surged 20% in July.

Steel companies in Malaysia indeed cater for Malaysian markets...

5 more years? That is when MRT and HSR are completely built. Finish no more big constructions. 5 more years will be the end of bull cycle in steel companies. You can visit kinstel 5 years later la.

Kinstel was at 96.5cents (96.5/5=19.3 cents) at March 15,2006, same time in 2005 it was rm1.93 (38 cents), after that it went into full blown bull cycles until 2010. In 2005/2006, net asset per share was about rm1.50 plus, with leverage of debt 5x market capitalisation. EPS in 2005 was 21.3 cents per rm1 share. The rest I let you guys figure out...

Disposed to whom?Ever wondered? Who was the willing buyer?

Q at 20.5???

300 % in 1 year, not 300% a year... Please do not get me wrong... English language issue?

300% return in 1 year! But of course must tolerate 20% downside...just buy and hold.

Upside more than downside. Largest steel company in Malaysia. I will buy.

Major bosses have invested so much money into this company, no way they are selling. But I know investors are seeing their selling price as reason to sell. But there is a missing link, so I buy buy buy... Good prospects.

I buy buy buy then hold! 300% return in 1 year!

I buy and hold. And I ignore all the noise.

I already read The Edge comment by a fund manager. However, I know fund managers always say the opposite because their intention is to cause panic, cause crash, induce retail investors, manipulate retail investors by using The Edge. That is why Anbz said The Edge always makes people on edge...

I will buy and hold. Wait until 6 months later. Will soar 100%.

YTL and YTL power price will converge at 1.70-1.72....

But uptrend

Many selling for Raya money... No longer on fundamental.

Only a matter of time. Now at fair value. Rerating catalyst once mining starts.

EPF to spend 500million Euros on German and French Properties. EPF has been selling shares to raise cash to buy overseas properties

EPF selling again...

Sell before EPF sell, buy before EPF buy... Then EPF will have headache haha

Then should sell now and buy at closing... Sure earn!

EPF dumping at last minute?

YTL has lots of potential. Sure will hit rm2.00 by end of this year. So guys just ignore all the noise, and forget about EPF.

KLCI next level 1820. 1900 is within reach. Imagine HSR Singapore to KL... High impact projects, high earning!

KLCI moving up, so YTL moving up stepwise...Good!

Yes, let it move up 2 cents everyda

Probably EPF plays KLCI futures... If YTL goes up, KLCI will attack 1810, which EPF does not want to see.