Posted by Albukhary > 2023-12-06 16:29 | Report Abuse

Can you smell something is brewing?
USD200mil proposal is going to reveal soon...

Posted by Albukhary > 2023-12-08 12:03 | Report Abuse

Cold cold winter again

Posted by Atacms > 2023-12-13 13:36 | Report Abuse

@Albukhary. Mind to share the news link?

Posted by Albukhary > 2023-12-13 14:03 | Report Abuse

You can google it, first news was from The Edge.

Posted by Atacms > 2023-12-21 09:47 | Report Abuse

Hong Leong started disposing .. I guess they found a buyer to buy over SSTEEL alrdy

Posted by Atacms > 2023-12-26 11:34 | Report Abuse

But it made us wondering who the buyer was, hehe

Posted by Atacms > 2024-06-04 16:57 | Report Abuse

Steel demand in India rises 11.3%; Icra adjusts FY2025 growth target to 9-10%

Read more at:
https://energy.economictimes.indiatimes.com/news/coal/steel-demand-in-india-rises-11-3-icra-adjusts-fy2025-growth-target-to-9-10/110662750

Posted by Atacms > 2024-07-03 12:12 | Report Abuse

Infra projects a boon for steel sector

https://www.thestar.com.my/business/business-news/2024/07/02/infra-projects-a-boon-for-steel-sector

Posted by Solomon007 > 1 week ago | Report Abuse

Of late, many positive news on this stock. Perhaps can watch out.

Posted by Albukhary > 1 week ago | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3498208

Posted by Albukhary > 1 week ago | Report Abuse

Attention needed on this news.
Based on my own understanding and interpretation, this settlement will resulted in a gain of approximately RM200mil for SSTEEL, am I right?

Any expert that have follow up this case since 2019 can share your opinion here? Because the company have already recognise the losses on 2019, that why I am expecting there should be a gain based on this settlement agreement.

Posted by Albukhary > 1 week ago | Report Abuse

https://theedgemalaysia.com/node/733158

Posted by Albukhary > 1 week ago | Report Abuse

Based on share capital of around 600mil share.
If SSTEEL is going to recognise 100mil gain, there will be EPS of 16sen.
If 150mil gain, then there will be EPS 25sen.
If 200mil gain, then there will be EPS 33sen.

And with this RM200 mil cash received, assume it has fully use to pair off its debt.
Based on 5% per year, this RM200mil will save interest cost by 10mil.

Posted by Albukhary > 4 days ago | Report Abuse

Today SSTEEL heng heng!