If youcompare Masteel and SSteel, then you will know how good is SSTEEL

Faded is a very good song, in both lyrics and music.

Can any sifu here go to analyse the quarter result from perspective below:-

1) Why revenue reduce? Due to lower demand or short production cycle during Hari Raya Puasa.

2) The reduce in Europe market is due to Europe Economy down, or due to China competition?

3) What is the profit generated from its Vietnam subsidiary?

4) What are the current production capacity utilization rate?

hng33 is smart, although WTK is a good counter, but I think the price will slowly go back to RM1.05 -RM1.06. I don't know why, but it seems like this counter is controlled by someone, and the someone purposely pull down the price.

Fund manager told me that Steel Counter will move up very substantially on Jan'17.
Ask me to hold whatever steel counter that I have, especially those top 1-3 leader in steel industry.

Before trump win, a lot of people worry a lot of bad thing will happen after he win. But now, everything seem better. Same for malaysia, many ppl worry if BN lose a lot of bad thing will happen, but I believe we all are human, we have the brilliant mind given by God, we know how to create a better malaysia after BN lose.

Borrowing increase because they paid off a lot of trade payable last quarter, you can see substantial reduce in their trade payable.
I think they foresee USD will be strengthen, so they choose to paid off the trade payable, as normally majority of the trade payable are in USD (as they import raw material).

Ssteel make big money

Hope it won't gap up too much, let me buy more first

销售价提高及成本走低，带动南达钢铁（Southern Steel Bhd）首季转亏为盈。

南达钢铁指出，截至9月杪的2017财政年首季，净利为1930万令吉，相较于上财年同期净亏5191万令吉。

然而，首季营业额下滑1.1%至5亿8575万令吉，同期是5亿9244万令吉。

根据该集团向大马交易所报备，首季取得3300万令吉的税前盈利，相比去年同期的5700万令吉税前亏损。

展望未来，该集团预计，2017财年的市场将保持不确定和波动，原料成本上涨，以及市场需求趋软。

政府早前宣布，自9月26日起，对进口至大马的钢卷和钢筋分别征收13.9%和13.4%的临时保护税，然而，该集团预计本地市场仍具竞争，因将需要几个月的时间方可耗尽现有市场的廉价进口库存。

南达钢铁今日下跌2仙或1.6%，收报1.22令吉，市值为5亿1462万令吉。

My estimated PBT is RM40mil, but now actual result is RM33mil.
Because I didn't expect the provision for write of inventory will be same high as last quarter (since steel price has gone up, so there shouldn't have any provision).
But anyway, this result is pretty good for me d.
One more good point, SSTEEL confirm that they have no borrowing in Foreign Currency. So the depreciation of ringgit won't affect them (except for the purchase of raw material from oversea).

This author must be received a lot of benefit from the company, if not why he promote this kind of stupid n conman company

Asian crisis come again

What happen to KLCI? Foreign Investor sell?

What happen to KLCI? Foreign Investor sell?

why so naive?

Dutaland has so huge Oil Palm Estate, but why its revenue from plantation so low?
What happen to their oil palm? Masuk pocket sendiri?

Annetan, all this while, SSTEEL has made the provision for the SHRC here and there, that why quarter you can see some impairment loss...

But now, this RM141m is the final amount to be write off, you can see the statement in the QR.

Below is the paragraph stated in the quarterly report:-
"Pending the outcome of SHRC's claim against Danieli in the arbitration, an amount of RM141 million (Represent the TOTAL CAPITALISED DIRECT ATTRIBUTABLE COST in commissioning the plant and the CAPITALISED BORROWING COSTS incurred for the plant) was written off and is included in the financial statement"

Revenue - RM591M
Cost -(RM501M)
Gross Profit - RM90M
Expenses -(RM44M)
Interest -(RM 8M)
Profit before Tax - RM34M

Such a beautiful result, where can find such a undervalue company?

PBT RM40mil is not a wild guess, it is achievable.

Wow... Good thing coming soon.
The reason they propose Par Value Reduction is because they want to have private placement... up to 30%, this would emerge as the biggest shareholder in this company.

After the exercise, you will see a brand new Sycal:-
i) New substantial shareholder;
ii) Healthy Balance Sheet with Retained Profit (no more accumulated losses)
iii) Healthy Balance Sheet with additional RM30mil ++ cash
iv) Company can start pay dividend, as it has retained profit d
v) New project inject by shareholder, like what happen in KERJAYA PROSPECT (aka FUTUTEC)

Hi Moneysifu, it was by verbally told during the seminar, nothing to share with you. But most likely you are correct, because I google also cannot proof Southern Steel has commence it HRC production.

Hi Moneysifu, the above statement is come from RHB analyst, during the investment sharing seminar.

After Megasteel close, many steel player bought HRC from southern Steel.

the boss said, we are trying hard to maintain the profit as per last FY
That means, the environment is challenging, no easy to grow profit.

Erm, something wrong in the article above.
Property industry will benefit Long Steel, not Flat Steel.
Flat Steel are use for industrial purpose, like car manunfacturing, electrical product..etc, while long steel is for construction and property.

Flat Steel = MYCRON, CSCSTEEL
Long Steel = ANNJOO, MASTEEL, SSTEEL

KYY not support nevermind, we ask OTB to support.
Ask OTB to use KYY's money to support, like CHoo Bee case.

pang72, GST is work as below:-

Input tax = Tax that you incurred when you buy from supplier

Output tax = Tax that you collected from customer when you sell to customer

GST payable to government = Output tax - Input tax

For POS malaysia, as it is service industry, I don't think they have much Input Tax to claim (i.e. their major cost are salary, petrol, toll..etc), which is GST exempted, so I believe most of the GST they collected from customer have to pay to government, nothing much to claim.

pang72, no lah, GST is collect from customer, and pay to Government.

So this 6% will increase Government profit, not POS profit.

On the other hand, it may affect POS business, as consumer may switch to other way instead of using POS.

No more tuju langit... now terjun sungai

sycal is the most mystery counter

Looking forward for net profit RM40million

Tomorrow is steel world again.

Sometime I really hope we all chinese & indian can become the same race as Malay, then we are in the same stage with Malay, and we can use our intelligent and hardworking to proof to them, we use our intelligent to rule the country. No more tongkat policy, coz now we are same race.

SP Setia, Sunrise are very good example.

In other country, company can always easy to have M&A. because the shareholder and management are in the same race. But Malaysia is different, company are owned by different race... Government want all the company to be controlled by Malay, and the will stop Chinese company to merge with each other, because they don't want chinese to monopoly the market. At the end, they will use Khazanah, EPF to support some weak Malay company to takeover good chinese company... and few years later, the good company will become weak company again.

Lulu La, I can't prove to you that cold eye is accumulating as this moment, but you can always wait until next year Annual Report come out.
Hints: Recently got quite a numbers of loan stock being converted to ordinary share.

No matter Koon is come with good intention or bad intention, but one thing we can assure is CSCSTEEL is a good company, that why it attract Koon to come.

CSCSTEEL is making good profit, sitting big cash pile, generous dividend policy, steel price are heading uptrend.. etc.

So as a shareholder of CSCSTEEL, we shouldn't influence by other, we can't just simply let go our share just because someone announce he is buying it.

For example, many old investor hate SOROS, because they think he is the one who caused the Asia financial crisis in 1997/98. So if today SOROS buy CSCSTEEL, should you sell your CSCSTEEL, just because markets said SOROS is a bad guy, he caused many investor lost their life time saving.

Lulu La, please check annual report.

如果我没记错，ALI就是那位导致冷眼隐退江湖的丢青蛙小屁孩，对吗？

Cold eye is accumulating SSTEEL

Next monday SSTEEL will heading to RM1.40.
Big fund is coming.... hehe!

Source said SSTEEL Q12017 have RM40million profit

Not selling the highway perhaps is a good thing for SILK.
Currently, it highway business provide steady positive cash flow, as its highway debt payment is very small amount only (although the debt is high, but the payment is very minimal only).
Cold eyes always said:- "Cash flow is very important for a organisation, many business went bankrupt not because their business is good, or because they are making losses, the real course that make an business went bankrupt is CASH FLOW, without cash flow, company cannot pay rental, cannot pay salary.. and this will cause the business went bankrupt.

Therefore, with the steady positive cash flow from SILK highway, now at least we can assure that SILK will have strong cash flow to overcome the losses it suffer from its O&G business. We hope O&G can recover in next few years, Petronas can increase its capex in next few years, the SILK will fly high again.

A lot of ppl think think steel stock is over bought, because they look at the lowest price and current price.
This is incorrect, because all steel stock has been drop from its normal level to lowest since 4-5 years ago. Now the industry cycle come d, the price just start climb back to its normal level. And it is still has a far journey to go.
This situation is like in year 2008-09, when Maybank drop to RM2-3, when IT climb toRM5-6, many ppl sold it. They think 100% return in few month is ridiculous, overbought d.

Therefore, we can safely invest in SSTEEL, because it wont incurred any loss in future.
Next quarter EPS should be around 7-9 sen, FY17 EPS should be 28-36 sen.
Target price is RM2.80 in 6 months times.

after reading its quarterly report for 3 times, I'm very sure that it has write off everything relates to the investment on the HRC Plant.
Below is the paragraph stated in the quarterly report:-
"Pending the outcome of SHRC's claim against Danieli in the arbitration, an amount of RM141 million (Represent the TOTAL CAPITALISED DIRECT ATTRIBUTABLE COST in commissioning the plant and the CAPITALISED BORROWING COSTS incurred for the plant) was written off and is included in the financial statement"

Good time to collect SILK.
Although the disposal plan aborted, but SILK still a company that own many good assets.
Its SILK Highway provide him a steady cash flow, and this cash flow able to help him to overcome the challenge environment of its O&G business.
1-2 years later, when other O&G player has been knock-out (because they have cash flow problem), then SILK will emerge itself as the big player in O&G.

It always like that, after u sold then only it will fly.
So buy can buy, but don't buy a lot, diversify your money to other counter.

Good North South Steel

KYY is very smart, he stop the investor from buying other steel player, he try to direct all investor to buy CSCSTEEL only.