KINSTEL 5060
RM0.01
- High Tangible-to-Price ratio
- Making Huge Loss
- No Dividend Declared
- High Debt Company
- Very High Gearing
- Very Low Trading Value
klse: Kinsteel Bhd
Corporate Information
Board : Main
Shariah : Non-Shariah Compliant
Sector : Steel
Address: No. 18, Jalan PJS 1/17, Jalan Maju Jaya 3, Taman Maju Jaya, Batu 7, Jalan Klang Lama, 46000, Petaling Jaya, Selangor, Taman Medan Maju Jaya, Petaling Jaya, 58200, Selangor
Contact: +603-7781 5711
Website: https://-
Corporate Background
Kinsteel Bhd is an integrated steel manufacturer in Malaysia. The company manufactures and trades a wide range of long steel products used in the manufacturing, construction and infrastructure industries. The company is organised into two main reportable segments, Steel Related Products segment and Property Investment segment. Its range of products includes upstream products such as billets, beam-blanks and blooms; midstream products such as steel round bars, deformed bars, flat bars, angle bars, and downstream products. The company has operational footprints across Malaysia, Southeast Asia, Asia, Australia and others. The company derives the majority of its revenue from Malaysia.
Forecast: KINSTEL 5060
|
Result
Quarter Report History
| Date | Revenue,k | PBT,k | Net Profit,k |
|---|---|---|---|
| 28/08/20 | 10,695 | -31,163 | -17,711 |
| 25/06/20 | 14,856 | -6,416 | -3,351 |
| 28/02/20 | 15,387 | -3,154 | -2,983 |
| 28/11/19 | 20,767 | -25,168 | -20,768 |
| 29/08/19 | 24,639 | -148,144 | -125,185 |
| 31/05/19 | 31,964 | -21,749 | -18,321 |
| 28/02/19 | 31,293 | -22,997 | -19,128 |
| 30/11/18 | 34,273 | -23,634 | -19,448 |
| 30/08/18 | 34,285 | -23,593 | -18,178 |
| 31/05/18 | 42,053 | -26,239 | -20,558 |
| 28/02/18 | 48,859 | -31,428 | -26,847 |
| 22/11/17 | 42,936 | -35,439 | -29,098 |
Fundamental
Fundamental Analysis
| Last 4 Quarter Revenue (RM’000) | 61,705 |
|---|---|
| Last 4 Quarter Net Profit (RM’000) | -65,692 |
| Last 4 Quarter EPS (sen) | -4.3 |
| Last 4 Quarter PER | – |
| Last 4 Quarter Dividend (sen) | – |
| Last 4 Quarter Dividend Yield (%) | – |
| Net Tangible Assets (RM) | -0.75 |
| Goodwill (RM) | 0 |
| Cash (RM’000) | 798,030 |
| Debt (RM’000) | 1,190,000 |
| Total Debt (RM’000) | -766,970 |
| Net Assets (RM’000) | 0 |
| Current Ratio | 0.17 |
| Quick Ratio | 0.16 |
| Cash Ratio | 0.00 |
Technical
Technical Analysis
| MACD (26 vs 12) | -0.006 |
|---|---|
| Exponential Moving Average 5 | 0.008 |
| Exponential Moving Average 20 | 0.018 |
| Exponential Moving Average 90 | 0.032 |
| Relative Strength Index 14 | 0.29 |
| Stochastic %D 3 | 0.00 |
| Stochastic %K 14 | 0.00 |
BURSA MALAYSIA –
The Group’s revenue for the current quarter reported a decreased by 28% or RM4.16 million as compared to preceding quarter due to the impact of Covid-19 pandemic. The Group reported loss before taxation in current quarter of RM31.66 million as compare to preceding quarter loss before tax of RM6.42 million mainly due to lower sales and impairment of plant and machinery of RM14.69 million.
BURSA MALAYSIA –
The Group’s revenue for the current quarter reported a decreased by 3% or RM0.53 million as compared to immediate preceding quarter as Malaysian government imposed a Movement Control Order on 18 March 2020 and production of the plant stopped.
BURSA MALAYSIA –
The Group recorded revenue of RM15.39 million and LBT of RM3.15 million for Q2 2020, compared to revenue of RM25.17 million and LBT of RM3.7 million respectively in Q1 2020. The Group’s LBT in Q1 2020 amounted to RM25.17 million as compared to current quarter LBT of RM3.15 million were mainly due to impairment of receivables from ultimate holding company, immediate holding company and related parties of RM 19.38 million.
Investing Malaysia –
Average investing volume for Kinsteel Bhd in the past three months in stock market was 3290k lots
Investing Malaysia –
KINSTEL gets a score of 30.27 in our equity and assets quality test based on current share price of RM0.005
Investing Malaysia –
Kinsteel Bhd gets a score of 0 in our stability test after the balance sheet, money statement study
Investing Malaysia –
Stock code of 5060 in Bursa Malaysia did not propose any dividend for the past few years
Investing Malaysia –
KINSTEL is forecasted to made loss of 40.03 millions, with an adjusted market capitalization of 5.21 millions