Posted by shpg22 > Dec 8, 2019 11:49 AM | Report Abuse

Reading back the thread, discovered my post more than 1 year ago and the comment from another which is quite interesting. Its posted when the price is around 1.30, with low P/E and high DY.

shpg22 As with most steel company, SSTEEL is very cyclical in nature. Instead of looking at the past 4 quarters result, you should take a look at 10 year past result. Then you ll have a clearer picture. The best time to buy a steel stock is when it reported heavy losses and sell when it is still reported good result like now. The current low P/E is meaningless as it can turn negative at a blink of an eye.
06/10/2018 1:03 AM

s3eve @Shpg22 - you should know what is going on rather than digging the graves of 10 years.. they did close the business which was bleeding a ~year back that resulted them to be net positive.. so to revert back to -ve is not going to happen... Also P/E cannot be meaningless but is definitely a factor... The share price is undervalued... and its got to do with the sentiment thats global right now but has got nothing to do with the strong company fundamentals..
10/10/2018 12:17 PM

Posted by khatulistiwa1234 > Dec 30, 2019 2:27 PM | Report Abuse

0.90 on board is occupy , after all LONG BAR demand is huge increase , from oversea and LOCAL dealer .

Posted by hoh888 > Jan 2, 2020 2:50 PM | Report Abuse

Buy call , today will hit the upper limit

Posted by Newbieinshare > Jan 2, 2020 3:11 PM | Report Abuse

buy ssteel... masteel and lionind up a lot. ssteel will eventually follow

Posted by gcke > Jan 2, 2020 3:26 PM | Report Abuse

Southern Steel Berhad (“SSB” or the “Company”)
MATERIAL LITIGATION – FINAL AWARD
A. Final Award for Arbitration Proceedings by Southern HRC Sdn Bhd (“SHRC”) against Danieli & C. Officine Meccaniche S.p.A (“Danieli”) and Danieli Malaysia Sdn Bhd (“DMSB”) and Arbitration Proceedings against SHRC by Danieli and DMSB;
B. Final Award for Arbitration Proceedings Between SHRC and Danieli Co. Ltd (“Danieli Thailand”)
SSB wishes to announce that the Tribunal has decided and determined as follows:
A. Arbitration proceedings by SHRC against Danieli and DMSB; and Arbitration proceedings against SHRC by Danieli and DMSB
The Tribunal decided in SHRC’s favour and awarded the following:-
i) ii) iii)
iv) v) vi)
vii)
viii)
B. Arbitration proceedings against SHRC by Danieli Thailand
The Tribunal decided in Danieli Thailand’s favour and awarded the following:- i)
ii)
We refer to the announcement of SSB’s Quarterly Report for the first quarter ended 30 September 2019 dated 21 November 2019 wherein it was mentioned that the parties were
awaiting the decision of the arbitration tribunal (“Tribunal”) in respect of the Arbitration
Proceedings.

the Contract is rescinded
the Service Agreement is rescinded;
Danieli and DMSB shall repay SHRC the Contract Price in the amount of
EUR92,700,000 minus EUR 15 million and RM270 million after taking into
consideration the use of the Plant and its plausible diminution in value;
Danieli and DMSB shall pay SHRC RM176,245,250 as damages for
misrepresentation;
in consideration of the payments set out above, SHRC shall transfer the title to the
Plant, together with additional equipment installed thereon, to Danieli.
Danieli and DMSB shall pay SHRC pre-award interest for amount payable under
paragraph (iii) above from 16 June 2011 at the rate of 2% simple interest per
annum until the date of the final award;
Danieli and DMSB shall pay SHRC post-award interest if Danieli fails to pay the
award in paragraph (iii), (iv) and (vi) within 90 days from 28 November 2019 at the
rate of 5.33% simple interest per annum; and
Danieli and DMSB shall pay SHRC the sum of EUR4,416,302.84 as its legal costs
and the sum of USD667,500 as the costs of the arbitration proceedings.
SHRC shall pay Danieli Thailand the sum of EUR 2,795,796.98 (“Second Award”)
being the balance purchase price of spare parts under the Sale Contract;
SHRC shall pay Danieli Thailand pre-award interest at the rate of EURIBOR+1%;

Posted by gcke > Jan 2, 2020 3:28 PM | Report Abuse

cont'd:iii)
iv)
Arising from this award, upon receipt of the requisite payments from Danieli, the Plant currently stated at RM423 million will be removed from its Balance Sheet. There are also other plants and equipment including spares (currently stated at RM 244 million) which are part of hot rolled coil investment, where impairment needs to be assessed. Although there will be negative impact to SSB’s Balance Sheet, there will be significant positive cash flow impact to SSB.
The net financial impact will be announced after due assessment. This announcement is dated 2 December 2019.

Posted by gcke > Jan 2, 2020 3:29 PM | Report Abuse

can this news supports or underpins the bullishness of the stock price even though PBT falls by a great margin at the last financial year?

Posted by jerret > Jan 2, 2020 3:43 PM | Report Abuse

https://www.barrons.com/articles/arcelormittal-accident-steel-prices-accident-steelmaking-51577801744?mod=hp_LATEST

Posted by jerret > Jan 2, 2020 3:44 PM | Report Abuse

全球最大钢铁Arcelor Mittal发生火灾意外，导致今日钢铁暴涨
Fire accident at Arcelor Mittal, the world's largest steel cause the momentum of the steel counter

Posted by khatulistiwa1234 > Jan 2, 2020 4:31 PM | Report Abuse

Profit taking

Posted by T800Terminator > Jan 2, 2020 8:12 PM | Report Abuse

Tomorrow 0.90?

Posted by ivanlau > Jan 2, 2020 8:14 PM | Report Abuse

market supply still more than demand..... coming quarter result believe still weak, beware.......

Posted by T800Terminator > Jan 3, 2020 9:00 PM | Report Abuse

Sold all at 0.875. Monday Q at 0.82 2nd round. Kikikiki.

Posted by T800Terminator > Jan 6, 2020 10:14 PM | Report Abuse

I’m in again at 0.825.......

Posted by dlau8899 > Feb 13, 2020 4:57 PM | Report Abuse

Going up 0.82

Posted by EngineeringProfit > Feb 14, 2020 3:28 PM | Report Abuse

Yes, in again today

Posted by Cakes Moon > Feb 25, 2020 6:47 PM | Report Abuse

Walao, company making huge lost & NTA value wiped out 77 cents this quarter.
Tomorrow be prepare to gap down!!!

Posted by vinc3nt > Feb 25, 2020 8:09 PM | Report Abuse

wow

Posted by thesteward > Apr 22, 2020 12:08 PM | Report Abuse

Soon in Play

Posted by EatCoconutCanWin > May 15, 2020 2:13 PM | Report Abuse

what!! Southern Steel produce steel shield that can prevent covid-19 virus. Magic weapon coming soon.

Posted by winlast > May 18, 2020 10:41 PM | Report Abuse

ssteel on its move upwards

Posted by khatulistiwa1234 > May 30, 2020 11:05 AM | Report Abuse

Bankrupt gone .

Posted by Albukhary > Aug 7, 2020 12:36 AM | Report Abuse

Southern steel supply steel bar to Glove Plant.

Yes, tomorrow limit up.

Posted by Albukhary > Aug 24, 2020 7:47 PM | Report Abuse

Lowest revenue is his record