Posted by MrPauper > 2017-08-26 14:52 | Report Abuse

Glad to hear though that the consumption of graphite electrodes is not that substantial

Posted by OOMMGG > 2017-08-26 14:53 | Report Abuse

Added by contribution from Leoting, Edward123, among of us we can be assure of in safe play.

Posted by MrPauper > 2017-08-26 14:54 | Report Abuse

Actually the eps for ssteel in quarter ended june 2016 was around 13 sen after excluding one time write off of plant and machinery

Posted by zexon > 2017-08-26 14:54 | Report Abuse

Q4 supply in China will shrink further.

Posted by MrPauper > 2017-08-26 14:55 | Report Abuse

If only ssteel able to achieve and maintain a minimum of 10 sen eps for the next few quarters, the share pricing landscape will change tremendously

Posted by zexon > 2017-08-26 14:57 | Report Abuse

At least RM4 if valued at PE of 10.

Posted by MrPauper > 2017-08-26 14:57 | Report Abuse

Temporarily ssteel might encounter some hiccups in the below expectation result of quarter ended june 17. It is really not smooth sailing if you are in the counter long enough since 2016

Posted by OOMMGG > 2017-08-26 14:58 | Report Abuse

Mr pauper, where you got ithr nfo of electrode price increases to 7 fold?

Posted by OOMMGG > 2017-08-26 14:58 | Report Abuse

Current price is 15 to 20/mt

Posted by MrPauper > 2017-08-26 14:58 | Report Abuse

But everytime it is pinned down or lagging behind its peers, ssteel has shown resilience in coming stronger than ever

Posted by zexon > 2017-08-26 15:00 | Report Abuse

@OOMMGG , is actually additional cost of 15 to 20/mt.

Posted by MrPauper > 2017-08-26 15:01 | Report Abuse

Ultimately it might not be able to overtake annjoo as the cost leader, but we should be proud of ssteel for its market share leadership which will ultimately see ssteel to be fairly valued

Posted by MrPauper > 2017-08-26 15:08 | Report Abuse

One of the indication of 700% increase in price of graphite electrode is through annjoo's quarter result presentation slides

Posted by MrPauper > 2017-08-26 15:09 | Report Abuse

I have read about it in some articles previously too

Posted by zefftan > 2017-08-26 15:24 | Report Abuse

https://www.platts.com/latest-news/metals/london/graphite-electrode-shortage-could-start-to-bite-26773084

Posted by VenFx > 2017-08-26 15:31 | Report Abuse

(Strategy for Q3'17)

Accumulate Range : $1.85 - 1.93 - 2.05

Breaking away pt.: $2.15 - 2.30 - 2.50

Posted by VenFx > 2017-08-26 15:33 | Report Abuse

Electric arc furnaces will typically operate nine graphite electrodes at any one time, and they comprise 1-2% of the cost of steelmaking, according to electrode sellers.

thx , zefftan

Posted by zefftan > 2017-08-26 15:50 | Report Abuse

youre welcome

Posted by OOMMGG > 2017-08-26 17:05 | Report Abuse

Zexon, my typo error, electrode price is 15k to 20k / mt

Posted by OOMMGG > 2017-08-26 17:20 | Report Abuse

You are right , consumption of electrode for steel milling is about 0.4 kg to 2 /mt

Posted by OOMMGG > 2017-08-26 17:20 | Report Abuse

Mr pauper, thanks for info .

Posted by huahtai98 > 2017-08-26 22:44 | Report Abuse

The sharp drop on Friday is unexpected and unjustified...if according to MrPauper...eps latest qtr shd be 13 sen instead if 1 sen...recovery in SSteel share price shd be swift.

Posted by OOMMGG > 2017-08-26 22:56 | Report Abuse

The info l got is very tally to what shared by Edward123 in Annjoo forum.

Property developer and construction company have been pre inform by steel company about the price revise start from Sep. This revise will bring price shot up to RM2600/mt. This price could probably be further revise upward on coming one or two months and could therefore stay at this high level until first quarter of next year.

How is the price trending thereafter will depend on next year prevailing steel market condition.

Posted by MrPauper > 2017-08-26 23:30 | Report Abuse

I think the drop on friday is reasonable after release of result on thursday evening. Contrary to annjoo's situation where its share price has fallen from as high as around 3.50 last may to as low as around 3.00 recently, so most of short term / weak holders had been flushed out. But ssteel instead has risen from around 1.65 to more than 2.10 in such a short span of time. So it is only reasonable for those short term traders to cash out for profit.

This situation is totally opposite of last quarter event when ssteel shot up after release of result while annjoo fell on profit taking post result

Posted by MrPauper > 2017-08-26 23:32 | Report Abuse

I think ssteel still has some room for further drop, maybe around 1.80, but definitely someone will be very happy to collect them at bargain, anticipating some exciting time ahead for steel industry

Posted by animate101 > 2017-08-26 23:34 | Report Abuse

http://cj.sina.com.cn/article/detail/1641561812/358067?cre=financepagepc&mod=f&loc=5&r=9&doct=0&rfunc=41
electrode price surge from rmb18k to rmb50k per ton... by using consumption of electrode for electric arc furnace is 1.5kg/t and metric ton produce per quarter. can easily find out how much cost increase for next quarter.

Posted by warmblood > 2017-08-27 20:59 | Report Abuse

R u guys said graphite electrodes is not an issue?
I think the price may not an issue but the shortage will impact the supply issue.
Any thought?

Posted by vinc3362 > 2017-08-27 21:58 | Report Abuse

Warmblood, you have just hit the nail on the head.
So the next question is, have SSteel stock up on graphite electrodes to allow it uninterrupted production?

Hope informed forummers will enlighten us.

Posted by VenFx > 2017-08-27 23:34 | Report Abuse

Focus on the big picture only,

Given Ssteel ranking the 2nd highest inventory amongst peers after Annjoo,it is able to mitigate this minor cost inccured at a merely of 1.5% of total production cost.
It never will be a single problem to a single.
Somemore, it will never be single millers's issue if it does impact the whole steel-sector globally.

On 2nd layer of thinking,i see electrode shortages have positively impact to furthur escalating forwarded order from it's existing customer base .

Posted by VenFx > 2017-08-28 01:15 | Report Abuse

Rating from
CapitalCube Stats;



a.(Ssteel Qtr-Ended Mar'17)

- Implied Price__: $2.32 MYR 'UNDERVALUED'
- Estimate_______: $2.10 - 2.54
https://online.capitalcube.com/#!/stock/my/malaysia/5665


b.(Ann joo Qtr-Ended June'17)

- Implied Price__: $3.24 MYR ' NEUTRAL '
- Estimate_______: $2.83 - 3.65
https://online.capitalcube.com/#!/stock/my/malaysia/6556

Posted by paktua73 > 2017-08-28 09:23 |

Post removed.Why?

Posted by OOMMGG > 2017-08-28 10:08 | Report Abuse

Look at ssteel inventory for past quarters, they alway prepare enough raw material for next quarter. 2Q inventory can almost cover 3q demand.

Posted by OOMMGG > 2017-08-28 10:09 | Report Abuse

Graphite electrodes price increase will be sufficiently cover by increase in rebar price.

Posted by Warn3r > 2017-08-28 10:19 | Report Abuse

Good morning everyone. A very quiet Monday here.

Posted by KLCI King > 2017-08-28 11:26 | Report Abuse

First time in my life to see people use use sauce to decide how to invest his own money, unbelievable!

By the way, which sauce do you use? notebook? Soy bean sauce? Or tomato sauce? I love chili sauce, but I always get no clue. Not like you, can get guideance from your own sauce. Hahaha

notebook target RM 25, insider sauce
28/08/2017 09:25
http://klse.i3investor.com/blogs/richDad/130961.jsp

Posted by KLCI King > 2017-08-28 11:45 | Report Abuse

China rebar getting back to 4100

http://www.100ppi.com/vane/detail-927.html

Posted by abbd > 2017-08-28 12:58 | Report Abuse

ssteel take some time to go back to 2.00
better sell and move to other counter.

Posted by VenFx > 2017-08-28 13:16 | Report Abuse

Looks like may test 2.01 , if positively momentum growing up.

Posted by notebook > 2017-08-28 13:16 | Report Abuse

you are right klci king , i have my own secret sauce

Posted by abbd > 2017-08-28 13:22 | Report Abuse

the bull has loss its horn. Momentum is dead. People already give up hope on this counter although how beautiful is steel outlook. The outlook only benefit ann joo and not ssteel.
ssteel is poorly managed . Good outlook also loss. Bad outlook later become somemore worst.

Posted by edward123 > 2017-08-28 14:32 | Report Abuse

Southern Pricing : (Morning) Up RM20/Mt
Y16-32=Rm2520
Y10,12,Y40 &R10 =RM2670
R6,8,12,16,20&25=Rm2720 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2500
Y10,12,Y40 &R10 =RM2650( do not have sufficient stock, only certain sizes have)
R6,8,12,16,20&25=Rm2700

Posted by kevin008 > 2017-08-28 14:46 | Report Abuse

wow ..price keep up..reverse soon..today break RM2

Posted by lenyan > 2017-08-28 15:22 | Report Abuse

Buy Big 4 Ssteel 老二 for next quarter. 20% for 3 months ok? Steel sector is still uptrend for few year.

Posted by notebook > 2017-08-28 15:26 | Report Abuse

you are not playing chor dai di, so no use yo buy this counter,
want 20% for 3 month better buy call warrent, or top active counter.
sure go holland one

Posted by KLCI King > 2017-08-28 15:31 | Report Abuse

Like that also can? You are really good in this.

notebook you are right klci king , i have my own secret sauce
28/08/2017 13:16

Posted by Eddie Chiew Foo Ping > 2017-08-28 15:33 | Report Abuse

Edward your price is for peninsuLar?

Posted by edward123 > 2017-08-28 15:36 | Report Abuse

Hi Eddie, Yes for Peninsular

Posted by lenyan > 2017-08-28 15:44 | Report Abuse

1. Most chips is around 1.70 and boss still hold it. only short term retailer sell on quarter report.
2. Although this quarter not as expected. Next quarter sure have high chance to win
3. One day drop only with low volume. Most long term investor still wanna let the profit run. 25%++
4. The steel sector still uptrend especially big 4 steel company
5. Price will sideway and then go uptrend again.

Posted by veln82k6 > 2017-08-28 22:29 | Report Abuse

Go go go

Posted by darkstar > 2017-08-28 23:09 | Report Abuse

waiting for further correction..