SOUTHERN STEEL BHD
KLSE (MYR): SSTEEL (5665)
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Last Price
0.55
Today's Change
-0.01 (1.79%)
Day's Change
0.545 - 0.58
Trading Volume
64,000
Analysis
Technical Analysis
Technical analysis is a means of examining and predicting price movements in the financial markets, by using historical price charts and market statistics.
Popular technical indicators such as moving averages, relative strength index, William R%, Money Flow Index, Percentage Price Oscillator, Moving Average Convergence-Divergence and Stochastic Oscillator are used to analyze the trend, momentum and strength of a stock.
Simple Moving Average
Name
Value
Variance
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
Exponential Moving Average
Name
Value
Variance
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
Relative Strength Index
Name
Value
RSI 9
6.604
RSI 9
6.604
RSI 9
6.604
Percentage Price Oscillator
Name
PPO
Signal
Variance
5,35,5
-12.07
-10.37
-1.70 | -16%
5,35,5
-12.07
-10.37
-1.70 | -16%
William %R
Name
Value
%R-9
-88.496%
%R-9
-88.496%
%R-9
-88.496%
Moving Average Convergence-Divergence
Name
PPO
Signal
Variance
5,35,5
-12.07
-10.37
-1.70 | -16%
5,35,5
-12.07
-10.37
-1.70 | -16%
Money Flow Index
Name
Value
MFI-9
6.348
MFI-9
6.348
MFI-9
6.348
Stochastic Oscillator
%K (Fast)
6.348
%K (Fast)
6.348
%K (Fast)
6.348
%K (Fast)
6.348
Rate of Change
Name
Value
MFI-21
29.833
MFI-21
29.833
MFI-21
29.833
MFI-21
29.833
Discussions
2 people like this. Showing 50 of 4,664 comments
Last time when The Edge first reported that Boustead have intention to dispose BPLANT, Boustead also announce that it has not aware about any agreement entered by its major shareholder LTAT.
2023-10-27 14:26
Price up even company denied the news, meaning deal going to announce very soon.
2023-10-30 14:41
As per my own calculation, RM750mil is the entire company market cap.
RM750mil / 600mil share, approximately RM1.25.
2023-10-30 15:00
This counter is being cornered d, floating share is very minimal.
Once the news is confirmed, then immediately will shoot above RM1.
2023-10-30 15:02
Waooo, RM1.25 per share still got 50% upside from current share price 80sen now.
2023-10-30 15:09
Hong Leong Group looking to sell its 70% stake in steel manufacturer for as much as RM956 million.
PETALING JAYA: Southern Steel Bhd’s shares surged 31.25% or 18 sen on reports that billionaire Quek Leng Chan’s Hong Leong Group is considering selling its stake in the steel products manufacturer for as much as US$200 million (RM956 million).
It hit an intraday high of 74 sen before paring its gains and closing at 73.5 sen with 1.32 million shares traded. People familiar with the matter said the Quek-controlled Hong Leong Group is working with advisers on the planned divestment of its 70% stake, according to a Bloomberg News report.Should the deal go through at the higher range of the valuation, it would be more than double the company’s current market value of RM438.29 million. headtopics.com
Additionally, they said the conglomerate and its advisers have reached out to companies within the industry and financial investors in gauging their interest. Apart from Hong Leong Manufacturing Group Sdn Bhd and Signaland Sdn Bhd, which are members of Hong Leong Group Malaysia, its other shareholders include the founding business families based in Penang, according to its website.
Southern Steel was listed in in 1993 on the Kuala Lumpur Stock Exchange, now known as Bursa Malaysia.
2023-10-31 09:18
Tan Sri Quek want to sell 70% SSTEEL at RM956Million. This equal to RM2.30 per share. Now share price only 80sen, still got 3x upside.
2023-10-31 09:19
In that case, who wanna buy it if he sell at RM956 m as it's equivalent to RM2.30 per share 😅
2023-10-31 13:21
even though SSteel is not so profitable, but it's able to make more than RM400 mil per quarter
2023-11-01 14:40
@Cnlim, this is the fun part of being in the stock market.
When topic is hot, we add oil and fire into it, make it more hot.
When topic is cold, we put it into freezer quietly.
2023-12-06 13:30
Can you smell something is brewing?
USD200mil proposal is going to reveal soon...
2023-12-06 16:29
Hong Leong started disposing .. I guess they found a buyer to buy over SSTEEL alrdy
2023-12-21 09:47
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
2024-06-04 16:57
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
2024-07-03 12:12
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.
1 week ago
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.
1 week ago
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Albukhary
This type of announcement make us more convince there is something brewing.
2023-10-27 14:21