SOUTHERN STEEL BHD

KLSE (MYR): SSTEEL (5665)

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Last Price

0.565

Today's Change

+0.025 (4.63%)

Day's Change

0.55 - 0.57

Trading Volume

10,000


2 people like this.

4,664 comment(s). Last comment by Albukhary 1 week ago

vinc3nt

407 posts

Posted by vinc3nt > 2018-05-15 15:35 | Report Abuse

3 cents top

s3eve

78 posts

Posted by s3eve > 2018-05-15 17:25 | Report Abuse

Results to be released tomorrow .. all indication for it to be super...

yoloisreal

207 posts

Posted by yoloisreal > 2018-05-15 17:42 | Report Abuse

EPS 12.07cent & Dividend 3.5cent. well done.

lanjiolang

702 posts

Posted by lanjiolang > 2018-05-15 17:54 | Report Abuse

3.5 cents dividend also not bad. thank you. waiting for good show on tomorrow.

vinc3nt

407 posts

Posted by vinc3nt > 2018-05-15 18:05 | Report Abuse

clap clap clap

s3eve

78 posts

Posted by s3eve > 2018-05-15 18:44 | Report Abuse

better than expected.. definitely above 2.2 in coming days...

feimah

908 posts

Posted by feimah > 2018-05-15 18:46 | Report Abuse

Margins improved wor.
Very strong indicator for other steel counter.

Albukhary

3,043 posts

Posted by Albukhary > 2018-05-15 19:14 | Report Abuse

The result is slightly below my estimation, but it is considered very very good result.

kwai

67 posts

Posted by kwai > 2018-05-15 20:17 | Report Abuse

Hi sifu,
can anyone explain Interim Dividend 3.5 cent?
how would it be credited to share holder?

Warn3r

792 posts

Posted by Warn3r > 2018-05-16 08:30 | Report Abuse

kwai, you would have submitted information of a banking account for companies to pay you dividends.

Check with your broker - the person whom opened your account for you if you can’t remember which account.

value88

711 posts

Posted by value88 > 2018-05-16 09:07 | Report Abuse

The core EPS in past 3 quarters in FY18 is 39.68sen, if annualise, I get 52.9sen EPS per year.
Assuming 8x multiple is given to SSteel business, the fair value would be RM4.23 per share compared to RM1.90 closing price yesterday. The upside is >100% !

value88

711 posts

Posted by value88 > 2018-05-16 09:10 | Report Abuse

SSteel has proven its performance with 3 consecutive quarters' EPS above 10sen.
The new PH government will not scrap the mega infrastructure projects such as LRT, MRT and Borneo Highway, so the long steel demand should sustain or improve.
It is undervalued and with clear earning visibility.

s3eve

78 posts

Posted by s3eve > 2018-05-16 09:51 | Report Abuse

Will see it climb to 2.5 by Friday.. easy

ming

2,083 posts

Posted by ming > 2018-05-16 12:46 | Report Abuse

China production increase much but steel price still stay at high side..
mean demand also high la

ming

2,083 posts

Posted by ming > 2018-05-16 12:48 | Report Abuse

Same like Alliance steel invest in malaysia.. if no demand they come in burn money meh..
Or mayb their management really stupid enough

aslm

379 posts

Posted by aslm > 2018-05-16 12:48 | Report Abuse

construction activities slow down during Ramadhan and long holiday in coming Q2. Weaker demand as stated in report.

Posted by Pengyong Loo > 2018-05-19 12:06 | Report Abuse

Y the price drop on Friday?

SALAM

1,072 posts

Posted by SALAM > 2018-05-19 16:30 | Report Abuse

SSteel has a litigation of Eu34 million hanging in the balance oh.......

probability

14,496 posts

Posted by probability > 2018-05-20 21:59 | Report Abuse

BEIJING: Washington and Beijing have agreed to abandon any trade war and back off from imposing tariffs on each other, Chinese state media reported Sunday (May 20).

The announcement came after high-level talks in the US capital and followed months of tensions over what President Donald Trump has blasted as an unfair commercial relationship between the two economic giants.


Read more at https://www.channelnewsasia.com/news/asia/china-us-agree-to-abandon-trade-war-china-s-vice-premier-10251524

HuatRex

2,617 posts

Posted by HuatRex > 2018-05-21 20:43 | Report Abuse

What is that litigation of eu34 million

edward123

243 posts

Posted by edward123 > 2018-05-22 08:32 | Report Abuse

SHRC issues..............

Posted by isupertrader > 2018-05-24 10:48 | Report Abuse

It's shopping sprees for me to buy on people's emotional sentiments. I called t the public fearout storewide discounts.

Posted by investoroem > 2018-05-24 11:38 | Report Abuse

Buy when fear rules. Sell when greed rules

huahtai98

770 posts

Posted by huahtai98 > 2018-05-26 11:58 | Report Abuse

Grossly undervalued for some time now.....worth adding on to portfolio at current depressed prices.

goodluck999

1,210 posts

Posted by goodluck999 > 2018-05-28 10:34 | Report Abuse

it is time to take up some SSTEEL at 1.79-1.80

Posted by Invest_Sensibly > 2018-05-28 14:17 | Report Abuse

Macam sudah mau mari.

ICHYH

5 posts

Posted by ICHYH > 2018-05-28 20:29 | Report Abuse

Abolished of HSR would there affected?

Posted by isupertrader > 2018-05-28 22:03 | Report Abuse

Enjoying dividend while buying more to collect on weakness. Double bonus :)

goodluck999

1,210 posts

Posted by goodluck999 > 2018-05-30 09:05 | Report Abuse

taken some at 1.60.. no worries.. extremely undervalued.

s3eve

78 posts

Posted by s3eve > 2018-05-30 09:09 | Report Abuse

Whats happening?

Henly

1,902 posts

Posted by Henly > 2018-05-30 09:22 | Report Abuse

italy hand government, may be over taken by gruop who want to bring italy out from EU like brexit

Bull333

112 posts

Posted by Bull333 > 2018-05-30 12:15 | Report Abuse

sentiment ..Definitely oversold shall rebound soon no worries

vinc3nt

407 posts

Posted by vinc3nt > 2018-05-30 12:25 | Report Abuse

bought 10 lots haha

Posted by isupertrader > 2018-05-30 17:06 | Report Abuse

Something to do with EU in relation to Italy. Again, causes jittery among foreign investors.

hentara

87 posts

Posted by hentara > 2018-05-30 19:59 | Report Abuse

I can't resist myself from congratulating those who didn't follow when the steel guru promoted this stock intensively during September 2017.

Henly

1,902 posts

Posted by Henly > 2018-05-30 22:59 | Report Abuse

many government projects going to be canceled

Bull333

112 posts

Posted by Bull333 > 2018-05-31 09:22 | Report Abuse

woohooo thank God I bought yesterday ...fly fly fly

Bull333

112 posts

Posted by Bull333 > 2018-05-31 09:23 | Report Abuse

those shorting the market good luck

Henly

1,902 posts

Posted by Henly > 2018-06-01 00:00 | Report Abuse

US hit canada, eu, mexico with 25%tariff on steel trade war liao. crazy trumpet

omini

10 posts

Posted by omini > 2018-06-01 17:16 | Report Abuse

Will it benefit steels from Asia?

Bull333

112 posts

Posted by Bull333 > 2018-06-01 19:26 | Report Abuse

of course

kwai

67 posts

Posted by kwai > 2018-06-04 10:40 | Report Abuse

hi all, may I know what is the sign *X means?

goodluck999

1,210 posts

Posted by goodluck999 > 2018-06-04 14:01 | Report Abuse

kwai,Ex date for dividend.

kwai

67 posts

Posted by kwai > 2018-06-05 11:01 | Report Abuse

oh thanks goodluck999

goodluck999

1,210 posts

Posted by goodluck999 > 2018-06-05 15:22 | Report Abuse

no problem, kwai.. now is considered bottom for SSTEEL.

Bull333

112 posts

Posted by Bull333 > 2018-06-05 16:27 | Report Abuse

buying at support

Bull333

112 posts

Posted by Bull333 > 2018-06-06 13:31 | Report Abuse

nice engine starts

Bull333

112 posts

Posted by Bull333 > 2018-06-07 09:15 | Report Abuse

gogoggo

goodluck999

1,210 posts

Posted by goodluck999 > 2018-06-07 09:26 | Report Abuse

yes,more to come for sure. those who bought in together with me last few days near to 1.60 should be profiting now.

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