Listing of Perwaja Steel Sdn Bhd (PSSB) at Offer Price RM 2.23 per share, a 51% owned subsidiary of Kinsteel via Perwaja Holdings Berhad (PHB) may help to stablise Kinsteel (5060) price.
Currently, KINSTEL is trading at RM 1.20, lost 4 cents. We find out the techincal support of KINSTEL is RM 1.20, which is the current trading price.
For those who has missed out to buy KINSTEL for Perwaja Steel share subscription entitlement, IPO Share Application is another way to get Perwaja Steel. But the application is closed on 6 Aug.
Market volume on KINSTEL lately has the sign of interested investors are looking at KINSTEL lately for riding Perwaja Steel hot.
Currently, KINSTEL is trading at RM 1.20, lost 4 cents. We find out the techincal support of KINSTEL is RM 1.20, which is the current trading price.
For those who has missed out to buy KINSTEL for Perwaja Steel share subscription entitlement, IPO Share Application is another way to get Perwaja Steel. But the application is closed on 6 Aug.
Market volume on KINSTEL lately has the sign of interested investors are looking at KINSTEL lately for riding Perwaja Steel hot.
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