Posted by ks5S > 2016-09-26 16:57 | Report Abuse

i still remember during 2008, global financial crisis, s.steel drop to 1.20. Then one year later in 2009 it climb all the way to 1.70
S.Steel still can move further from current position. Now is the recovery phase for the steel industry,

Posted by tan5995 > 2016-09-26 21:28 | Report Abuse

ann joo is currently trading at 1x NTA and southern steel is trading at 0.8x NTA.
if both trading at 1x nta, tp for s.steel should be at 1.62

Posted by ks5S > 2016-09-26 21:32 | Report Abuse

US steel also bull run The whole world steel market is on uptrend and it will continue up.

http://www.investopedia.com/news/us-steel-very-undervalued-credit-suisse-x/?utm_campaign=www.investopedia.com&utm_source=news-to-use&utm_term=7715160&utm_medium=email

Posted by ks5S > 2016-09-26 22:41 | Report Abuse

http://www.theedgemarkets.com/my/article/steel-stocks-jump-government-proposes-duty-rebar-imports

Posted by pantor > 2016-09-26 23:09 | Report Abuse

Southern steel has become Northen steel now. Go all the way north.

Posted by leoting > 2016-09-27 00:22 | Report Abuse

Southern steel for sure will outperform coming few quarters as all write down cleared.

Posted by ymj1016 > 2016-09-27 14:32 | Report Abuse

time to shoot-up

Posted by ymj1016 > 2016-09-27 15:53 | Report Abuse

those who sold will regret later. This stock have potential to go up above 1.60
Tomorrow will rebounce kaw-kaw back to 1.40

Posted by ks5S > 2016-09-27 16:03 | Report Abuse

hong leong company don't play-play. They can bought over Ann Joo if they want to. The boss is damn rich.

Posted by ks5S > 2016-09-27 16:05 | Report Abuse

ann joo 2.10.... s.steel must at least 1.80
those sell cheap really mabuk

Posted by Noni > 2016-09-27 17:09 | Report Abuse

Take profit first, can always buy back later.
Seems like most steel counters are in profit taking mode

Posted by Johnnys > 2016-09-27 18:36 | Report Abuse

Do you know what will happened it Ssteel continue profit for 2 quarter and 4 quarter?

Posted by ks5S > 2016-09-29 09:36 | Report Abuse

Ah Chan love Angelina Jolie kaw-kaw
Today sure up

Posted by ks5S > 2016-09-29 12:43 | Report Abuse

After rest for 4 days, Ah Chan coming back strong like a solid steel.
Angelina Jolie also cannot tahan with Ah Chan.

Posted by ks5S > 2016-09-29 12:44 | Report Abuse

don't listen to all those sinkalan analyst . Steel counter is still hot.

Posted by ks5S > 2016-09-29 14:44 | Report Abuse

tomorrow retest 1.40 again.

Posted by Johnnys > 2016-09-29 14:51 | Report Abuse

look like waste most of contra kaki already. cheer

Posted by ks5S > 2016-09-29 16:41 | Report Abuse

don't care HRC or CRC ... as long as a steel,,,, it is a good steel.... ( wrote by Deng Xiau Ping)

Posted by Albukhary > 2016-10-04 16:09 | Report Abuse

Source said SSTEEL Q12017 have RM40million profit

Posted by pantor > 2016-10-04 21:26 | Report Abuse

Fully agree that all steel counters will benefit from the strong steel price in one way or the other; some will benefit more than the other but one thing for sure, all will enjoy benefit.

Posted by Arcoxia > 2016-10-04 22:58 | Report Abuse

Most steel counters have just moved themselves out of the sideway consolidation. The upside has just begun...expect more to come.

Posted by Ikaztahkik > 2016-10-04 23:31 | Report Abuse

steel n aluminium...up up up

Posted by bonbon > 2016-10-05 16:50 | Report Abuse

Dropped like no tomorrow

Posted by steveooikp > 2016-10-05 19:05 | Report Abuse

china cut on coal production will continue increase on the global steel price.

http://www.thestar.com.my/business/business-news/2016/10/04/china-cuts-coal-production-capacity/

Posted by Albukhary > 2016-10-08 16:40 | Report Abuse

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

Posted by heaven123 > 2016-10-10 21:37 | Report Abuse

Ks5S ........what happenn your 90 sen comfort. Datin miss you.

Posted by Albukhary > 2016-10-12 00:18 | Report Abuse

Cold eye is accumulating SSTEEL

Posted by Lulu La > 2016-10-12 00:20 | Report Abuse

Xin ga Albukhary

Posted by Albukhary > 2016-10-12 00:33 | Report Abuse

Lulu La, please check annual report.

Posted by Lulu La > 2016-10-12 10:13 | Report Abuse

Annual report stated the share that the share holder holding...never shows anyone is 'accumulating'..u understand?

Posted by Recklesscy > 2016-10-12 12:11 | Report Abuse

now looks a good entry pt

Posted by Recklesscy > 2016-10-12 12:12 | Report Abuse

sigh i use up my bullet in skpetro

Posted by Albukhary > 2016-10-13 00:09 | Report Abuse

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.

Posted by ymj1016 > 2016-10-15 10:50 | Report Abuse

read star newspaper today. Steel company consolidation maybe on the card. Ann Joo and SSteel may merge.

Posted by Albukhary > 2016-10-15 11:48 | Report Abuse

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.

Posted by Albukhary > 2016-10-15 11:49 | Report Abuse

SP Setia, Sunrise are very good example.

Posted by Albukhary > 2016-10-15 11:52 | Report Abuse

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.

Posted by probability > 2016-10-15 13:25 | Report Abuse

albukhary...you got a point there...first step is to join the religion...

but my only concern is ...i have yet to see a modern Islamic country with moderate thinking...

It has only one direction - barbaric punishment & greed.

http://www.freemalaysiatoday.com/category/nation/2016/10/14/ritual-slaughter-lesson-at-school-ground-shocks-parents-students/

i think - the meat they eat...has very high adrenaline level...due to the way its is slaughtered...so the consumers have this high feeling fighting & killing others...unlike the vegetarian Gandhi.

Posted by pakatan_harapan1 > 2016-10-17 15:48 | Report Abuse

QR no need to bother here?

Posted by Albukhary > 2016-10-17 18:04 | Report Abuse

Looking forward for net profit RM40million

Posted by Albukhary > 2016-10-25 00:49 | Report Abuse

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

Posted by moneySIFU > 2016-10-25 01:15 | Report Abuse

This is not true, SSteel is not even finished with the installation of HRC production facilities & is now having argument with the solution provider. Please check it out from the Bursa announcement.

Posted by Albukhary > Oct 25, 2016 12:49 AM | Report Abuse
After Megasteel close, many steel player bought HRC from southern Steel.

Posted by Albukhary > 2016-10-25 01:24 | Report Abuse

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

Posted by moneySIFU > 2016-10-25 01:41 | Report Abuse

Hi Albukhary, mind to share the link or source of report/news? Thank you in advance.

Posted by moneySIFU > 2016-10-25 01:57 | Report Abuse

The 2 news I have pointed to one direction, installation failed. If it is failed, how to start production?

http://www.thesundaily.my/news/1893690
http://www.thestar.com.my/business/business-news/2016/08/23/southern-steels-loss-grows-on-rm141mil-asset-write-off/

Posted by Albukhary > 2016-10-25 02:09 | Report Abuse

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.

Posted by winmal > 2016-10-25 13:00 | Report Abuse

New HRC production from Ssteel halted due to technical compliance failed BUT existing Ssteel HRC plant still benefit from megasteel closure. see next q.report

Posted by Albukhary > 2016-10-26 10:07 | Report Abuse

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.

Posted by moneySIFU > 2016-10-26 10:12 | Report Abuse

If look deeply and exclude the one off thing, SSteel was making profit last quarter.

Posted by Annetan > 2016-10-26 14:06 | Report Abuse

Since the investment in the failed project is $427 million ,the provision so far is only 141 million,I fear they could made another provision in the next quarter.