affinhwang also hold a lot, so prepare huge loss. it should drop below RM1

lao sai

run run run,

EPF keep disposing who know how much it can drop

if below 1.4 opportunity to buy as already confirm good quarter

3.88

loss making company, forget it

http://www.klsescreener.com/v2/news/view/195951

break 3.99

drop like shit

1.88-0.14=1.74

The chart did not show any reversal, better to stay away. Indication of the drop only slow down, but it's still down trend

Thanks moneysifu,
Party spoil by masteel bad result, seems like Dato seri still struggling

masteel revenue 345mils pbt 6.2mils np margin 1.2% EPS 1.67 the management not so good ?

Many cunning and greedy bosses around in bursa vs white man bosses in Europe or US where law and order are mostly strictly followed. In US or Europe, Along cannot cari makan, In Malaysia Along businesses is flouring everywhere.

Whiteman talk about scientific, data, ratio and logic, Malaysian seek bomoh, gurus, Datuks to made decision. That is why KC need to try very hard and still has less followers. If he turn himself into Datuk or chinese god, even he live in the cave, I'm very sure he will have big business.

Catching falling knife is high risk, one need high skill to master the art but end result you will have a knife in your hand

Annjoo already shown their true color, if profit margin of SS to follow annjoo of 9.7%, SS QR will be 70+mils EPS 16sen, Share price should have better than Annjoo

pump & dump

congratulation to all, cheers

production stop for two weeks means a lot of losses in term revenue, estimate rm 62mils for annjoo. 16% of revenue will be deflated in next quarter result. But I doubt the whole factory will stop production unless it is really catastrophic

Despite good palm oil price, profit drop more than 5 mils. The current cpo price of 2800+ next quarter inno profit will erode more, better to run, run run

now can sit back and see the profit run, but we must not also forget, We only harvest the profit of many years of struggling of steel mills due to steel dumping by China product couple with in decisive weak government until the collapse of mega steel with thousands workers jobless.

SS production 133K ton each month of rebar (400K each qaurter) additional of RM100/ton of profit means additional of 40mils each quarter. now one can see the quantum of price increase, is gigantic figure.

EPS 6.91 PE 17.4 if we taking average cpo price at Rm2900 upside EPS is quite limited, share price drop to 1.00+

bad quarter result

From the last quarter result, SS was selling around Rm1700/ton. Next quarter with the increase in rebar selling price to Rm1800. The predicted quarter result will be double to 80 mils eps 16 provided the USD remain stable

In steel industries, meltshop like blast furnace, EAF are not able to generate profit. These are mainly to ensure supply ability to rolling mill to produce rebar. SS has 4 rolling mills vs Annjoo 2 rolling mills. SS has 2 EAF Vs Annjoo 1 EAF/blast furnace (so call hybric blast furnace). In term of capacity SS double of Annjoo.

EAF and blast furnace wastage around 12%-meaning scrap or Iron ore melted will only produce 88% billets and rolling mills wastage is about 1% meaning 99% rebar will be produced from billets (raw mat for rolling mill)-This the reason why I said EAF or blast furnace cannot make money.

Furthermore with high EAF/blast furnace wastage, environment issue is very severe. The is the main reason China government instruct all steel mills to stop production due to pollution. Steel mills around city area will have to move to a lesser populated area.
(Steel mills in China now are facing dilemma, and construction of new mills, one would probably need two to three years or they will be coming to south east asia to take over liquidated steel mills like perwaja, mega steel etc)

In long run, SS will be the winner against Annjoo-I believe

many people still think SS will have the same faith as CSC after the cheap raw material depleted.

With 4 rolling mills, daily steel consumption is 6000ton. if 50% is imported, 3000ton/day need to be imported, If there is any cheap raw mat left in the store??? Those were last year concern, with this good quarter result, SS already turnaround and will continue to make profit.

Those steelmill produce HRC all go doom including SS meltingshop also go doom. The one can make money is rolling mills. SS rolling mill capacity is much higher than Annjoo, so SS will do better than Annjoo in long run.

Eps at 18.63, price should consolidate to below 1.7

ss only buy 50% of scrap just to keep melting shop busy, cannot make money but the rolling mill to produce rebar running 3 full-shifts. Billets source from China still at a very good price.

Question of high material cost is not a concern for SS, so far construction bar demand is not slowing down looking at the on going government projects

break 1.90

wow

Southern steel import 50% of cheap billets from China, another 50% from its own meltshop which import scrap from oversea in USD. The meltshop capitalise on off peak electrical rate at night for energy savings. Even with the weakening of RM, ss already make good profit.

the beginning of down trend, coming 1.8

top up some more 1.43

The beginning of a down trend, drop of 20-30%

CSC is the larges cold rolled steel plate manufacturer in Malaysia, they are the leader. Local price determine by them, the rest are the followers.

tp achieved continue off load. money in the bank better. loser with the money in the bank ha ha ha sing sing song.

@Song Lee, I'm selling my Fibon share, so you term it as loser, is okay to me. You can continue to be winner. Buy more fibon share and wish you good luck

@Moneysifu, Result will be excellent. I'm simply no patient for "too small" transac. I have to learn from you "patient is golden"

loosing steam,

chicken feet transaction, give up

slow slow drop no stim, give a big one, super sale

selling of treasury share?

fantastic write up thank you

potong stim

wait for the QR to decide, still too early as indicated by moneySIFU

wow

why can't it go below 2.1