Posted by Hustle > 2012-05-23 16:56 | Report Abuse

Hi guys,any idea or comment for this iceberg?

Posted by Hustle > 2012-05-25 11:30 | Report Abuse

Need to paid RM1820 to earn RM50 dividend better put in fix deposit lah.More secure & higher interest.

Posted by Greenpower > 2013-04-30 15:41 | Report Abuse

How you counter

Posted by calvintaneng > 2013-10-10 12:30 | Report Abuse

Kian Leong Lim, Southern Steel management is good. They have been very generous during better times - giving out tax free 50 ringgit for at least 3 times in a year.

Dividend was later reduced because of fierce competition from china dumping lower grade steel in Malaysia. With the ongoing project of KL Greater MRT, Iskandar Construction Boom and the proposed High speed bullet train from KL- S'pore - there will be a surge in demand for Long Steel

3 Counters that will benefit most from Long Steel Usage (MRT Pillars) ate Southern Steel, Masteel & Ann Joo Steel. However, Southern Steel also have flat steel. Hopefully Management will increase dividend pay out again.

However, Steel is a Cyclical stock. In Boom Times Steel Prices will Shoot Up but in Recession steel usage will go down - so prices will be affected. But we are alright, since many Big projects are ongoing in Malaysia.

There is an extremely undervalued counter called PM Corp(4081) which is Non-cyclical.
PM Corp is Now A Chocolate Company like Nestle & Dutch Lady Milk is Recession Proof.

It has High NTA, Cash Rich & Best of All It is Proposing Cash Payout soon.

Go over to PM Corp Forum & check t out now. You will be glad you did!

Posted by calvintaneng > 2014-02-06 20:06 | Report Abuse

GOOD NEWS,

NO TOLL HIKE MEANS MORE PROFIT FOR SOUTHERN STEEL. WITH IMPENDING ROLL OUT OF HIGH SPEED BULLET TRAIN - SOUTHERN STEEL IS A STRONG BUY1

Posted by calvintaneng > 2014-02-15 11:33 | Report Abuse

Good Morning,

When I passed by Danga Waterfront City in Johore one night I saw the construction of 9,000 unit condo by China's Country Garden continue into the wee hours of the night.

With the ongoing Boom of Construction Activities in Iskandar I think Southern Steel Should do very well. Southern Steel also belong to the Hong Leong Group. I think it should do well.

Do anybody still own steel shares?. SELL ALL OTHER STEEL COUNTERS & BUY THE BEST!

YES! BUY SOUTHERN STEEL.

1) A TRUSTWORTHY MANAGEMENT - HL Group.
2) STEEL PROSPECTS TURNING BETTER.
3)AMONG STEEL COUNTERS SOUTHERN STEEL GIVE THE HIGHEST DIVIDENDS

Happy Investing,

Calvin, Singapore

Posted by AyamTua > 2014-02-15 22:30 | Report Abuse

Calvin ... my man ... come come to KINSTEL .. whahaha

Posted by calvintaneng > 2014-02-15 22:35 | Report Abuse

AyamTua,

No lah. I don't have money for steel counters. Although I like Southern Steel the best I don't have any Southern Steel - much less Kinsteel.

I hope all make money and none suffer losses.

Posted by yfchong > 2014-08-06 23:33 | Report Abuse

This one at sure kena Ttm eps the fourth q 5.8 I'd take this q put coming q low. Can standby bullets....,

Posted by as1915000 > 2014-08-12 16:29 | Report Abuse

why sudden up 20 sen??
any news ?

Posted by Leesk > 2014-08-12 17:09 | Report Abuse

Would other steel stocks like Lion Ind move acordingly?

Posted by SeriousInvestor1945 > 2014-08-12 18:20 | Report Abuse

Not likely for Lion

Posted by SeriousInvestor1945 > 2014-08-12 18:21 | Report Abuse

Up maybe to follow the trend of Guocoland, hehe

Posted by poyo > 2014-08-13 18:52 | Report Abuse

buy..good news coming soon

Posted by kakisaham > 2014-09-07 10:10 | Report Abuse

kaunter ni banyak bagi duit kat saya,Mula membeli harga 47c.beberapa kali jual beli(kontra)sehimgga harga 145,147..minggu depan saya jangka positif lagi...boleh main kontra

Posted by reader > 2014-10-02 14:16 | Report Abuse

What you mentioned about Southern Steel making more money using less capital is not only true for last quarter, it is also true if you add up the last 4 quarters or the last 8 quarters.

Compare last 4 quarters profit before tax
Southern Steel = RM30.9million
Ann Joo Resources = RM13.0 million

Compare last 8 quarters profit before tax
Southern Steel = RM75.3million
Ann Joo Resources = RM3.3 million

In the local integrated steel industry, ignoring the loss making ones of Kinsteel/Perwaja and Lion Corp, the profitable ones are Ann Joo, Southern Steel and Masteel. In 2011 Ann Joo added a mini blast furnace as a kind of upstream hybrid process, thus require more capital, but the revenue is more-or-less the same. Masteel is adding another rolling mill which is a downstream process in the same market, and Southern steel is adding a hot-roll-coil plant which is in a different market (similar to the Lion Corp one), so this we have to watch. I believe Masteel will be the most lean and profitable of the lot.

Posted by calvintaneng > 2014-11-04 16:30 | Report Abuse

Time For Southern Steel to Perform!

Posted by vegebotak > 2014-11-21 18:30 | Report Abuse

Report was out....... making loss 21 mil.... and that was huge......

lowered revenue and turn to loss.....

Posted by tanyaohui > 2015-02-23 13:51 | Report Abuse

Still a good buy or not?

Posted by calvintaneng > 2015-02-23 13:58 | Report Abuse

Insiders bought over 17 million shares last month.
So at this depressed price of more than 50% to failed privatisation of Rm2.10 looks Ok.
Downside from here is very limited. Potential for upside by
Greater Kl Mrt
High Speed Bullet Train
Iskandar Rail Network
Another plus factor is china steel dumping arrested by falling ringgit.
Southern Steel is now at multi year low.

Qualifies Calvin's 3rd Rule

He that is low needs fear no fall

Happy New Year

Posted by VIWizard > 2015-04-29 17:00 | Report Abuse

WOW.. today so big buy

Posted by jolie2 > 2015-05-06 20:04 | Report Abuse

wah... last quarter loss 35 million.
this one will be the only the 1st company from hong leong that potential turn to PN17,
Cut loss fast. Tomorrow sure drop kaw-kaw,

Posted by jolie2 > 2015-05-06 21:01 | Report Abuse

this counter no hope to recover. So badly hit, Hong Leong want to sell now , also no taker.
This one will pull Quek down if he don't do anything merger with other parties like Ann Joo.
The steel industry have to consolidate.
Southern Steel merge with Ann Joo become Southern Joo.

Posted by Ven Felix > 2015-05-11 21:32 | Report Abuse

Sotong zoo. Guys in conjunction Zhiyuan put their $$$ in Perwaja, why not take a closer look for Steel sector?

Posted by angelinaloke > 2015-08-20 23:30 | Report Abuse

Base on the QR, recovery time ahead ?

Posted by Jimmy Lim > 2015-09-14 23:22 | Report Abuse

this counter can enter?

Posted by calvintaneng > 2015-09-15 18:41 | Report Abuse

WOW.

STRENGTH OF STEEL.

Posted by Jimmy Lim > 2015-10-19 20:41 | Report Abuse

king of steel in korea parents of his SIL.... no worries

Posted by KG1967 > 2016-03-30 17:03 | Report Abuse

italy machine but bad operation

Posted by KG1967 > 2016-03-30 17:04 | Report Abuse

buy lambo better

Posted by KG1967 > 2016-04-13 10:43 | Report Abuse

walao non stop up?

Posted by coffeepimple > 2016-04-13 15:47 | Report Abuse

buy all the steel company. buy buy buyyyyyyy

Posted by Bullshit > 2016-04-20 14:41 | Report Abuse

Something big is coming

Posted by Haze > 2016-04-26 17:24 | Report Abuse

Big huge dropping

Posted by i_investor > 2016-05-21 16:58 | Report Abuse

According to MEPS, An absence of competitively-priced third country import offers enabled European flat product producers to target and secure significant increases, in May.

Positive price momentum has continued in Belgium. Mill delivery lead times are long. A number of buyers, both stockholders and end-users, are purchasing more than they need immediately, anticipating further increases in the future. Others report they have been unable to secure sufficient quantities.

FURTHER RISES ANTICIPATED – MEPS

http://www.hellenicshippingnews.com/eu-steel-price-recovery-again-in-may-further-rises-anticipated-meps/

Posted by Johnnys > 2016-07-11 14:31 | Report Abuse

volume build up!!!

Posted by sostupid > 2016-08-16 15:48 | Report Abuse

Ann Joo Proposes a special single-tier dividend of 6 cent. see for yourself big brother. where is my dividend?

Posted by soon9913 > 2016-08-16 17:17 | Report Abuse

wait n c the result first mar. no rushing.

Posted by Cyril > 2016-08-16 17:24 | Report Abuse

look like most of the steel stock companies is in recent rise

Posted by Mgician > 2016-08-22 19:23 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5182961
poor result

Posted by Ahbeng11 > 2016-08-22 19:31 | Report Abuse

The loss was due to right off of fix asset, exclude this the result is actually improved

Posted by calvintaneng > 2016-08-22 20:06 | Report Abuse

Posted by Ahbeng11 > Aug 22, 2016 07:31 PM | Report Abuse

The loss was due to right off of fix asset, exclude this the result is actually improved

Ahbeng11 is correct!

There is a one off LBT (Loss Before Tax) of over Rm140 mil due to impairment. If not SSteel registers a nice profit of over Rm40 mil this quarter.

This confirms that SSteel & Annjoo have turned around their operations.

Very good sign indeed.

Next will be masteel's results.

Posted by The One ⇨ > 2016-08-22 21:26 | Report Abuse

TheEdge made it look very bad indeed..

http://www.theedgemarkets.com/my/article/southern-steel-records-worst-quarterly-net-loss-eight-years

Posted by antidebt > 2016-08-22 21:47 | Report Abuse

tomorrow will gap down

Posted by Johnnys > 2016-08-22 21:58 | Report Abuse

below RM0.50 can consider to buy.

Posted by cipapo > 2016-08-22 22:40 | Report Abuse

those with profit quickly sell first

Posted by MrKiasu > 2016-08-22 23:11 | Report Abuse

It is causes by the termination of contract with Danieli & C.Officine. RM141m written off in the cash flow.
"Pending the outcome of SHRC's claims against Danieli in the arbitration, an amount of RM141 million" reference 4th Quater Report, pg SSB/8.
The overall business is improving.

Posted by antidebt > 2016-08-23 09:29 | Report Abuse

i think this counter can continue drop until 80 cents.
2nd round of impairment may be coming. Sell before too late.

Posted by sheep > 2016-08-23 10:37 | Report Abuse

buy and keep for long term..

Posted by antidebt > 2016-08-23 11:08 | Report Abuse

cool down. Don;t so emotional. Just sell it during downtrend. Cut loss and minimize loss.