Retired person trying to make extra money
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2018-04-06 22:05 | Report Abuse
Its good time to accumulate ssteel now
2018-03-02 16:29 | Report Abuse
People in the know are slowly collecting. Dont see any reason this quarter's earning should be anything less than last quarters'
2018-03-02 11:04 | Report Abuse
Good time to accumulate if you have the spare cash on this net cash turnaround company. EPS for the last 2 quarters are 4.08 n 8.2 cents. Has enough spare steel making capacity to increase sales in the coming quarters.
2018-02-25 19:55 | Report Abuse
JN88, if you favour annjoo so much, you better keep it at RM3.70 and dont sell it tomorrow (Monday). Talking bad on ssteel is not going to help annjoo share price.
2018-02-24 12:20 | Report Abuse
EPS is important parameter in all situations
annjoo
eps 3Q2017 9.28 cents
eps 4Q2017 10.82 cents
ssteel
eps 3Q2017 12.42 cents
eps 4Q2017 16.17 cents
ssteel eps on rising trend on increasing turnover
annjoo eps stagnating on stagnating turnover
Looks like annjoo has a lot of catching up to do.
2018-02-23 21:20 | Report Abuse
annjoo eps 3Q2017 9.28 cents
4Q2017 10.82 cents
ssteel eps 3Q2017 12.42 cents
4Q2017 16.17 cents
Looks like annjoo has a lot of catching up to do.
2018-01-18 11:07 | Report Abuse
@JayC
Miti prices updated weekly
2018-01-16 10:09 | Report Abuse
@lanjiolang, please dont spread misleading info
Steel 2016-2018 | Data | Chart | Calendar | Forecast | News
Steel increased 305 Yuan/MT or 6.94% to 4,699 on Monday January 15 from 4,394 in the previous trading session. Historically, Steel reached an all time high of 4772 in December of 2017 and a record low of 1750 in February of 2016.
2018-01-11 11:49 | Report Abuse
@save, haha one day you will be right...and the day is coming soon
2017-12-21 15:31 | Report Abuse
@ Cheah Yeh
High Tensile Reinforcing Bars
Y8 = 8mm
Y10 = 10mm
Y12 = 12mm
Y16 = 16mm
Y20 = 20mm
Y25 = 25mm
Y32 = 32mm
Mild Steel Bars
R6 = 6mm
R8 = 8mm
R10 = 10mm
R12 = 12mm
R16 = 16mm
R20 = 20mm
R25 = 25mm
2017-12-19 13:18 | Report Abuse
Is it true that Lionind (Antara Steel) is exporting via Johore Port ?
2017-12-14 17:06 | Report Abuse
Steel 2016-2017 | Data | Chart | Calendar | Forecast | News
Steel increased 422 Yuan/MT or 9.70% to 4,772 on Thursday December 14 from 4,350 in the previous trading session. Historically, Steel reached an all time high of 4772 in December of 2017 and a record low of 1750 in February of 2016.
2017-12-14 17:05 | Report Abuse
Steel 2016-2017 | Data | Chart | Calendar | Forecast | News
Steel increased 422 Yuan/MT or 9.70% to 4,772 on Thursday December 14 from 4,350 in the previous trading session. Historically, Steel reached an all time high of 4772 in December of 2017 and a record low of 1750 in February of 2016.
2017-12-06 16:59 | Report Abuse
@ MrRight.
Do you know that Eastern Steel, 55% subsidiary of Hiaptek, is designed to produce slab steel not long steel.
2017-12-05 16:04 | Report Abuse
@notebook if you wanna play steel counter, annjoo is the best , low lpg and low electricity use. that's the fact, steel price surely go up, and the annjoo will widen the profit but the other steel counter still the same.
notebook, please be informed that masteel, lionind and ssteel use electric arc furnaces. Perhaps only annjoo uses gas in its blast furnace
2017-12-05 12:23 | Report Abuse
VenFx
If you are buying for mid-long term, may I suggest you buy NOW. Waiting for RM 1.93 may be too ambitious. Just my 2 cents worth of opinion.
2017-12-01 23:12 | Report Abuse
Good time to accumulate
2017-11-30 22:37 | Report Abuse
Short term contra players caught & burned this time
2017-11-30 16:16 | Report Abuse
Bought Ssteel, another great steel counter
2017-11-30 15:43 | Report Abuse
And yes, steel prices are on uptrend globally thanks to China
2017-11-30 15:41 | Report Abuse
@csl1991 My point is that the supply side of the equation has drastically improved in favour of Malaysian steelmakers.....
Agree with you csl1991. Malaysian steelmakers have no external competitors now...And internal demand is always there....And substantial pick up in demand is imminent.
2017-11-30 13:23 | Report Abuse
@Joshk Rebar historical price was highest in June 2008, where it hit RM3900/t in Malaysia....
I believe average q4 rebar prices will be higher than average q3 rebar prices. October rebar prices started declining from ~RM2600 to ~RM2400 at end November and now rebouncing upwards.
If they past 1 week China rebars prices upwards movement is anything to go by, our December rebar prices should end the year at RM2600+
So q4 average rebar prices should be higher than average q3 rebar prices of roughly RM2400
2017-11-27 11:00 | Report Abuse
@Up_down
This coming quarter announcement for Ssteel normally made during annual report day which had been fixed on 28/10/17. It is common knowledge.
2017-11-24 11:23 | Report Abuse
@datuk73 grab big more at 1.43,44
top up again to avvrge more
old man always dare one tut tut
old man making wise move again.
2017-11-23 22:31 | Report Abuse
@TradePlus The actual profit from operation income should be only RM23.9 mil. The balance is from deferred tax, don't blind folded yourself!!
Whcih is only 7.6 cts EPS! Not 12.88 cts EPS!!!
At 7.6 cts eps per quarter, the forward annualised eps would be 4x7.6=30.4 cts. Assuming a PE of 6x, the target price would be RM 1.82
2017-11-23 16:17 | Report Abuse
oldman very kind one. Give others chance to make money also
2017-11-16 12:12 | Report Abuse
Rebar price in China is on uptrend:
http://www.sunsirs.com/uk/prodetail-927.html
2017-11-16 12:11 | Report Abuse
Rebar price in China is on uptrend:
http://www.sunsirs.com/uk/prodetail-927.html
2017-11-15 10:41 | Report Abuse
Brother cheoky. My understanding of the AR is impairment on the capital in progress had been made in prevous year (~130m) to reflect the present evaluated value of the HRC facilities. Per AR, the HRC facilities are producing billets for long steel production. In my view, the arbitration win/lose will be later treated as extraordinary gain/loss. Irespective of the outcome of the arbitration, ssteel will remain a strong entity/competitor in its entrenched business. In this steel upturn cycle, the
medium term outlook for ssteel is very bright indeed.
2017-11-14 20:41 | Report Abuse
@ Mohd Fahmi Bin Jaes Not yet
You are right my friend. You can only buy tomorrow morning from 9am-5pm
2017-11-09 11:40 | Report Abuse
Private placement improves cashflow. Like taking a bank loan with no interest payment and dont have to pay back the principal sum !
2017-10-13 17:04 | Report Abuse
Can never be sure. Maybe RM 2600 next month !
2017-10-06 17:07 | Report Abuse
thanks iedge. The calculations shows that the producer with the larger production capacities will reap the highest profits. Annjoo for all its efficiencies and lowest cost of production, will have its profits capped by limited production capacity. Lionind and Sstell with much higher production capacities, will reap the most profits in this bull steel cycle.
2017-10-06 16:50 | Report Abuse
thanks iedge. The calculations shows that the producer with the larger production capacities will reap the highest profits. Annjoo for all its efficiencies and lowest cost of production, will have its profits capped by limited production capacity. Lionind and Sstell with much higher production capacities, will reap the most profits in this bull steel cycle.
2017-09-25 12:07 | Report Abuse
Gross profit margin is not dependent on production process alone. Other factors such as raw material costs, financing costs,other fixed costs ...are equally important. The GP Margin quoted for SSteel of 4.8% is probably an anamoly, due probably to low volume of production, booking of raw material costs at high prices...
2017-09-06 23:23 | Report Abuse
Thanks lordng94, oniongor. Ssteel Q1FY18 (July- September 2017) eps estimated at RM.406 !! Sky is the limit !
2017-09-06 23:09 | Report Abuse
Thanks Zexon for the posting. Ssteel Q1FY18 (July- September 2017) estimated eps is RM.406 !!
2017-08-30 14:48 | Report Abuse
No question of lionind not having enough raw material. we are entering last month of this quarter & they are delivering rebars at Rm2600+/mt to willing buyers
2017-08-29 12:20 | Report Abuse
Estimated lionind share of Parkson loss is RM20m
2017-08-29 10:36 | Report Abuse
Last year result announced on 25/8/16...and the result was bad.
2017-08-26 14:51 | Report Abuse
@ windcloud, zefftan
Using Q3 balance sheet data as reference, the loss attributable to lionind in Q4 should be based on 96mx23% since in Q3 the loss was based on 33m (see Q3 balance sheet)
2017-08-25 11:06 | Report Abuse
retailers panicking, big timers collecting ?
2017-08-23 17:03 | Report Abuse
@leoting 一年EPS30分不会很过
Financial year end 30 June 2017 EPS 20sen should be ok. Year end 30 June 2018 EPS may be much higher than 30sen
2017-08-18 10:50 | Report Abuse
lionind cost of steel should be much less than RM2050 as the stated profit margin of 9.6% includes loss from parkson
2017-08-17 12:34 | Report Abuse
obviously sign of steel supply shortage
Stock: [SSTEEL]: SOUTHERN STEEL BHD
2018-05-24 11:38 | Report Abuse
Buy when fear rules. Sell when greed rules