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
Tiger_shark, you may refer my previous comment on SSteel & Ann Joo:
------------------/----------------------- moneySIFU Yesterday Spoken to a director of a public listed developer cum construction company who is based KL & asked which steel company they normally bought the steel bars from, he said they will source directly from the major steel producers because of sirim certification requirement.
According to him, SSteel is focusing on rebar & selling at cheaper price while ann joo is more focusing niche segments such as I-beam though ann joo also sells rebar.
That explains part of the reasons why ssteel has higher revenue but thinner margin while ann joo has lower revenue but higher margin. 12/02/2017 12:02
anyone who wants to have a clear understanding on the basic fundamentals of steel processing, you only need to go through the 'single page' on the link below:
its especially important and easier to understand by going through the process diagram shown in the middle of the page. It shows the basic two routes of processing BOF and EAF.
8.6 sen EPS per quarter, and this is no one off income, this EPS can be repeated on next quarter, just refer to the steel price and you will know. So worth at least RM2.00
Yup, tomorrow try again.. If still cannot, then next week try again, next month try again.... I got holding power and I got patient, I will ride to Kuek Family together.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ks5S
4,601 posts
Posted by ks5S > 2017-02-22 09:36 | Report Abuse
ssteel very good ... mao tak deng