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KLSE: SSTEEL       SOUTHERN STEEL BHD
Last Price Avg Target Price   Upside/Downside Price Call
1.00 1.46     +0.46 (46.00%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
No Price Target available for this stock.





  2 people like this.
 
ming Inventory reduced.. borrowing reduced.. cash increase..

In term of cash flow still no bad
02/12/2018 5:57 PM
bonbon Never came back to watch ssteel since I sold my last batch at 1.8x.. Now I only realised it has dropped to 0.82 today. Its lowest is 0.69 in year 2016, let wait and see whether 0.69 will be broken or not..
07/12/2018 10:10 AM
KAQ4468 80 cents ....

good good


50 cents kasi mariiiii
40 cents kasi mariiiii
10/12/2018 3:03 PM
KAQ4468 starting trade below 80 cents


good good


more discount coming


global major correction yet to come
11/12/2018 2:48 PM
baohulu88 what happen to this counter?
14/12/2018 10:13 AM
KAQ4468 50 cents kasi mariiiii
40 cents kasi mariiiii
14/12/2018 11:30 AM
KAQ4468 another 50% discount
17/12/2018 10:02 AM
imlearning I bought @1.92...Now rugi till mom don't recognize me liao
17/12/2018 12:50 PM
ming Wat to do.. bad timing now.. no one dare to buy any at this period..
Reserve bullet & wait PH open paip again lor..
17/12/2018 12:57 PM
huahtai98 SSteel is deliberately pushed down to become one of the worst performing counters on the KLSE.
THE OPPOSITE CAN ALSO HAPPEN....WATCH OUT.
04/01/2019 5:45 PM
PresidentRotiCanai KUALA LUMPUR (Jan 18): The government has terminated the engineering, procurement, construction and commissioning (EPCC) contract awarded to China contractor China Communications Construction Co Ltd (CCCC) for the RM81 billion East Coast Rail Link (ECRL) project, a source told theedgemarkets.com today.

CCCC was instructed to stop all construction works and services regarding the ECRL project by Finance Minister Lim Guan Eng on July 3 last year until further notice, pending a review.

The ECRL is among several mega projects being reviewed by the current Pakatan Harapan government, in this case due to the cost of undertaking the ambitious railway link that forms part of China's "One Belt, One Road" initiative.
18/01/2019 6:39 PM
18/01/2019 6:39 PM
ramada Steel counters down.
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5665
18/02/2019 6:07 PM
CITADEL QR CANTIKNYA!
18/02/2019 6:07 PM
4444 No wonder QR season slow. The 1 out early very bad.
18/02/2019 6:19 PM
Veron_teo the result is nice
18/02/2019 6:29 PM
PotentialGhost 一时起一时落 三分天注定 七分靠打拼 爱拼才会赢。 goreng goreng goreng goreng , you guy happy enough.
18/02/2019 7:26 PM
SmallBang Its sad to see how ssteel has gone out of the picture. Barely 5 ppl commented after this qr is out. May god bless hl group
18/02/2019 9:04 PM
value88 Terrible quarterly result for Ssteel, and the management hinted that the remaining of the year will also be the same.
All 4 long steel companies' stock price will be dragged down tomorrow.
I just hope that won't affect overall market sentiment, but only confine to steel sector.
18/02/2019 9:08 PM
hooi Pokai-loh. Faster sell tomorrow . Don’t hold.
Pn17 coming
18/02/2019 9:15 PM
Kenny Yap Pray hard
18/02/2019 9:31 PM
cheoky Gai. Kena Naik kereta
18/02/2019 10:58 PM
shpg22 As I tried to explained earlier, low P/E is irrelevant because when it turn to loss, everything is negative.

Posted by shpg22 > Oct 11, 2018 04:35 PM | Report Abuse X
The market is expecting steel industry to bleed soon as part of its cyclical nature, that is why low P/E is irrelevant.
18/02/2019 11:07 PM
xiohai step on the mine again?
19/02/2019 8:59 AM
Albukhary MITI Rebar Safeguard Duties
14 April 2017 – 13 April 2018 13.42%
14 April 2018 – 13 April 2019 12.27%
14 April 2019 – 13 April 2020 11.10%

Current China Rebar price is around RMB3750, if we converted to RM, it is equal to RM2263.
If it import to Malaysia, plus the 11.10% safeguard duties, it become RM2514 (havent include shipping cost). So guys, dont worry import China rebar will affect local steel.

Malaysia current Rebar price is RM2000 - RM2150, that mean we are actually lower than oversea, that why SSTEEL mention the company will continue develop its export market.

Let's hope our PM go to China and bring back some good news. Once ECRL continue, then all construction will be booming. and steel price will back to RM2400-2600 range.
19/02/2019 10:52 AM
Mamat_Win holding on to ssteel in hopes of good news
19/02/2019 10:58 AM
singh1 Albukhary Thank you for the analysis, appreciate it.
19/02/2019 11:02 AM
moneylailai thanks, at least now we know it china import wont affect much. only ecrl project will have impact
19/02/2019 11:06 AM
singh1 Hopefully Annjoo does not post poor results as well.
19/02/2019 12:23 PM
weiiii Guys, where can I get rebar selling price and price chart in Malaysia?
20/02/2019 10:57 AM
Bursalord https://www.thestar.com.my/news/nation/2019/02/19/malaysia-nears-deal-with-china-to-revive-scrapped-rail-project/#drjbz519YsxdCw4W.99
20/02/2019 12:30 PM
Bursalord Up up and the way
20/02/2019 12:30 PM
Bursalord https://3g.163.com/news/article/E8F9U2AD0001875P.html
20/02/2019 1:39 PM
Bursalord Good news
20/02/2019 1:39 PM
Bursalord LRT3 project back on track, completion in Feb 2024
LRT3
Friday, February 22nd, 2019 at , Economy | News

By ALIFAH ZAINUDDIN / Pic by MUHD AMIN NAHARUL

THE light rail transit line 3 (LRT3) project is back on track with the signing of a novation agreement between Prasarana Malaysia Bhd, MRCB George Kent Sdn Bhd (MRCBGK) and nine work package contractors (WPC) today.

The novation agreement, which is pursuant to the fixed price contract that was signed between Prasarana and MRCBGK on Jan 25, will allow the WPCs to migrate from the previous project delivery partner (PDP) scheme to the fixed price contract scheme.

Under the new arrangement, MRCBGK is now the turnkey contractor while Prasarana takes the role as the project’s employer. The fixed price contract for LRT3 was drawn up in line with instruction by the Ministry of Finance on July 12, 2018, to reduce the project cost to RM16.63 billion.

The signing of the novation agreement was witnessed by Finance Minister Lim Guan Eng, Transport Minister Anthony Loke Siew Fook and Federal Territories Minister Khalid Abd Samad.

Prasarana was represented by its president and group CEO Datuk Mohamed Hazlan Mohamed Hussain, while MRCBGK was represented by its LRT3 project director Patrick Hwang.

The nine other companies signing the agreement are infrastructure WPCs comprise of Mudajaya Corporation Sdn Bhd, WCT Construction Sdn Bhd, Gabungan Strategik Sdn Bhd, APEX Communications Sdn Bhd, Rahimkon Sdn Bhd, Sunway Construction Sdn Bhd, Pembinaan Jaya Zira Sdn Bhd, SN Akmida and Trans Resources Corporation Sdn Bhd.

Connecting Bandar Utama to Johan Setia in Klang, the competition date for the project under the new agreement is set for February 28, 2024.

The length of the new line is maintained at 37.6km, but the number of stations has been reduced from 26 stations to 20 stations. The five stations are listed as future stations. Park and ride facilities were reduced from 6,000 to 2,300 bays and the number of trains were revised from 42 sets of 6-car trains to 22 sets of 3-car trains.

This has allowed the final project cost to be reduced from RM31.65 billion to RM16.63 billion.

Datuk Mohamed Hazlan expressed confidence that Prasarana, MRCBGK and its partners will be able to meet the project’s new deadline.

“With the commitment and the drive of the new government for a better Malaysia, we are very confident that we can meet this deadline. To do this, however, we hope all our partners with the LRT3 project especially MRCBGK and the WPCs would work closely and amicably with us at Prasarana to meet our deliverables,” he said.
23/02/2019 11:13 AM
Cindybull tp at least 3.00
11/03/2019 9:33 AM
ming Up so much still no sound here.. mean no retailer here?
08/04/2019 4:04 PM
Heavenly PUNTER I think it's safe to say so... This is most likely related to ECRL also
08/04/2019 4:07 PM
erkongseng Er Kong seng:
長鋼股大哥Annjoo 帶領ssteel,lionind,masteel,hiaptek开跑,在国內基建如mrt,lrt,ecrl,房产等的动工下,須求将提高,进囗鋼在征收进囗税后己无利可图。長鋼股己整理许久,股价下至吸引人的价位,是时侯进場了。

Annjoo RM1.85
ssteel RM1.02
Lionind RM0.635
masteel RM 0.565
Hiaptek RM0.28
10/04/2019 2:24 PM
erkongseng http://kongsenger.blogspot.com/2019/04/ssteel-5665-rm104.html?m=0
10/04/2019 7:24 PM
Albukhary 喜欢SSTEEL, 主要是看好丰隆集团做生意的手段。
10/04/2019 11:45 PM
faraday9933m ECRL to proceed

https://www.theedgemarkets.com/article/malaysia-and-china-signs-supplementary-ecrl-agreement-cost-reduced-rm215-bil

long steel in great demand .good days ahead for ssteel.
12/04/2019 3:37 PM
erkongseng http://gu.sina.cn/ft/hq/nf.php?symbol=RB0
15/04/2019 11:27 AM
khatulistiwa1234 projek TRX dan Bandar Malaysia proceed , government fitted proceed , LGE announce in dewan .
18/04/2019 3:49 PM
khatulistiwa1234 KUALA LUMPUR: Kerajaan terpaksa menyelamatkan projek Tun Razak Exchange (TRX) dan Bandar Malaysia kerana dana untuk pembangunannya ‘hilang’ berikutan skandal 1Malaysia Development Berhad (1MDB).

Menteri Kewangan, Lim Guan Eng, berkata kerajaan terpaksa menyuntik kewangan bagi menyelamatkan dua projek berkenaan masing-masing sebanyak RM2.8 bilion dan RM744 juta.

Katanya, TRX City Sdn Bhd (TRX City) selaku pemaju utama sebelum ini mengesahkan menerima RM3.69 bilion melalui pinjaman daripada kerajaan secara langsung dan tidak langsung bagi tujuan membangunkan TRX dan Bandar Malaysia.

“Seperti semua projek yang gagal dan rugi akibat penyelewengan dan penipuan kerajaan Barisan Nasional (BN), TRX City menghadapi masalah kewangan untuk menyiapkan infrastruktur projek TRX.

“Ini adalah kerana sebahagian besar dana diperoleh hasil pinjaman dan terbitan sukuk untuk projek terbabit diseleweng 1MDB untuk tujuan lain. Sejumlah RM1.61 bilion untuk TRX dan RM1.45 bilion untuk Bandar Malaysia digunakan 1MDB untuk tujuan lain,” katanya.

Beliau berkata demikian ketika menggulung usul menjunjung kasih titah Yang di-Pertuan Agong di Dewan Rakyat hari ini.

Mengulas lanjut, Guan Eng berkata, projek TRX berpotensi tinggi dalam mengorak langkah masa depan negara, namun skandal 1MDB menyebabkan pelabur asing menjauhkan diri daripada projek berkenaan dan Malaysia amnya.

“Selepas melakukan proses pemulihan di bawah kerajaan Pakatan Harapan (PH), kami berjaya memulihkan keyakinan pelabur asing terhadap TRX dan Malaysia. Kini TRX adalah sebuah projek bebas rasuah dan mendapat kepercayaan pelabur dalam serta luar negara.

“Empat institusi bank menyatakan keyakinan mereka dengan usaha dilakukan kerajaan. Mereka yakin dengan usaha yang diambil dan mereka sedia datang melabur dalam TRX dan menyediakan sejumlah RM2.15 bilion kepada syarikat usaha sama membabitkan TRX City dan pemaju pembangunan terkemuka Australia, Lendlease,” katanya.

Terdahulu, sesi penggulungan gamat apabila berlaku pertikaman lidah antara Guan Eng dan beberapa ahli Parlimen pembangkang termasuk Datuk Seri Najib Razak (BN-UMNO Pekan).

Ia bermula apabila bekas Perdana Menteri meminta penjelasan berhubung jumlah hutang kerajaan yang meningkat sebanyak RM87.1 bilion kepada RM773.1 bilion berbanding RM686 bilion pada akhir 2017 memetik data rasmi Bank Negara Malaysia.

Guan Eng dalam maklum balasnya berkata jumlah hutang itu disumbangkan oleh hutang syarikat 1MDB namun jawapan itu mengundang kemarahan wakil rakyat pembangkang termasuk Khairy Jamaluddin (BN-UMNO Rembau) dan Datuk Seri Tajuddin Abdul Rahman (BN-UMNO Pasir Salak).

“Memang licik pentadbiran lama kerana kita tahu 1MDB hutang begitu besar tidak termasuk dalam angka rasmi hutang kerajaan kerana semua dibuat secara ‘off balance sheet’.

“Ia terpaksa dibayar oleh pihak kerajaan sungguhpun ia tidak dipinjam secara langsung oleh kerajaan Malaysia dan bila kita sebagai penjamin, kita terpaksa membuat bayaran sungguhpun kita bukan peminjam utama,” katanya.

Suasana gamat itu berterusan selama beberapa minit apabila wakil rakyat kerajaan dan pembangkang masing-masing menyindir antara satu sama lain sehingga Timbalan Speaker, Nga Kor Ming terpaksa masuk campur dan mengarahkan semua wakil rakyat tidak membuat bising dan menghormati dewan.
18/04/2019 4:05 PM
ppginvest wao, semua beku-besi punya syarikat, hentam pi khabar(angin) ini,.....
18/04/2019 11:50 PM
L2earn annjoo better than this
19/04/2019 9:08 PM
L2earn Why HLIB downgraded annjoo? because their boss owns SSTEEL? am I right?
19/04/2019 9:14 PM
L2earn the funny thing is, SSTEEL is 5665 Bursa Code, while Annjoo is 6556. They probably fight each other throughout their life forever
20/04/2019 5:14 PM
Cindybull both will up
22/04/2019 10:41 PM


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