KLSE: SSTEEL (5665)       SOUTHERN STEEL BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.43   0.00 (0.00%)  0.415 - 0.46  101,600
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Market Cap: 256 Million
NOSH: 596 Million
Avg Volume (4 weeks):44,772
4 Weeks Range:0.415 - 0.465
4 Weeks Price Volatility (%):
52 Weeks Range:0.33 - 1.07
52 Weeks Price Volatility (%):
Average Price Target: 1.46
Price Target Upside/Downside: +1.03
Stamp duty exempted for year 2020

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2020 [#4]  |  24-Aug-2020
Next QR | Est. Ann. Date: 30-Sep-2020  |  21-Nov-2020
T4Q P/E | EY: -0.55  |  -182.15%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.9557  |  0.45
T4Q NP Margin | ROE: -24.41%  |  -81.96%


Date Subject
28-May-2020 PublicInvest Research Headlines - 28 May 2020
28-May-2020 Mplus Market Pulse - 28 May 2020
19-May-2020 Mplus Market Pulse - 19 May 2020
24-Apr-2020 Technical Buy - SSTEEL (5665)
18-Feb-2020 Trading Stocks - Southern Steel
23-Jan-2020 Building Material - Duties on Rebar Imports From Singapore and Turkey
03-Jan-2020 Trading Stocks - Southern Steel
02-Jan-2020 Stocks on Radar - Southern Steel (5665)
28-Dec-2019 3利空笼罩·建材业短期看淡
22-Nov-2019 Mplus Market Pulse - 22 Nov 2019
18-Nov-2019 业绩蒙亏 负债比仅1.05倍‧南达钢铁财务状况健全
09-Oct-2019 钢铁和水泥之间的合并,本质上到底有什么不同?
08-Oct-2019 [转贴] 斤经济较:ANNJOO和SSTEEL联营后,大马钢铁业何去何从?
08-Oct-2019 16.5亿注入长钢业务‧南达安裕策略结盟
08-Oct-2019 Mplus Market Pulse - May See Slight Uptick, But Mostly Sideways
07-Oct-2019 两大钢铁公司 KAHWIN 了, ANNJOO x SSTEEL
07-Oct-2019 M+ Online Technical Focus - 7 Oct 2019

Business Background

Southern Steel Bhd is an investment holding company, which engages in the manufacture, sale, and trade of billets, steel bars, and wire rods. Business activity of the firm is operated through two reportable segments namely Steel Products, and Investment Holding and Others. Its products include carbon steel wire rods, steel pipes, drawn wires, tire bead wires, wire mesh, wire ropes, and galvanized wires and strands. Geographically, the group has its business in the regions of Malaysia, ASEAN countries and in other regions of which most of the revenue is derived from Malaysia region.
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  2 people like this.
AllanTingAS Ann Joo & S Steel both suspended! So you know what will be.
07/10/2019 11:30 AM
Musang King Forming JV company with Ann Joo to have a better market coverage. Like Merging.
07/10/2019 3:08 PM
Musang King Offloading all the business to the new co and Ann Joo taking the lead. Looks like that.
07/10/2019 3:10 PM
lbhock123 Buy on rumours, sell on facts
07/10/2019 9:12 PM
lbhock123 Nothing interesting.
Construction still down
07/10/2019 9:12 PM
William Ng JV but price drop...
08/10/2019 5:53 PM
Lion123 Now cheap just collect. Dont forget its construction play this week for budget 2020
09/10/2019 10:27 AM
lbhock123 Cheap becomes cheaper now ( lol )
11/10/2019 11:15 AM
lbhock123 Wait for clearance sale
11/10/2019 11:16 AM
imlearning no eyes see liao
11/10/2019 5:19 PM
lbhock123 Limbo rock !
( How low can you go )
14/10/2019 11:07 AM
Huchiewneng Masuk alinma
15/10/2019 2:37 PM
s3eve Whats the outlook for the share price of ssteel? good for buying now?
16/10/2019 11:25 AM
Huchiewneng Lousy
16/10/2019 2:48 PM
Musang King Southern Steel drops more than 20% after this announcement. What is going on?
16/10/2019 3:09 PM
Huchiewneng Lat sat share
16/10/2019 4:22 PM
s3eve Up is the way
16/10/2019 6:28 PM
s3eve Buying
22/10/2019 3:35 PM
lbhock123 Everyday lower
23/10/2019 12:41 PM
30/10/2019 11:19 AM
baohulu88 Not much mega project going on, demand of steel is relatively low
30/10/2019 2:16 PM
Jerichomy Hahah you are right baohulu88 that is why we mati katakj
05/11/2019 9:36 PM
Jerichomy https://www.klsescreener.com/v2/news/view/600558
12/11/2019 7:44 PM
crazyhours Holland liao
21/11/2019 7:00 PM
Kenny Yap Hoseh liao!!!
02/12/2019 6:03 PM
ming Finally win .. but still wrong timing.
02/12/2019 8:32 PM
shpg22 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
08/12/2019 11:49 AM
khatulistiwa1234 0.90 on board is occupy , after all LONG BAR demand is huge increase , from oversea and LOCAL dealer .
30/12/2019 2:27 PM
hoh888 Buy call , today will hit the upper limit
02/01/2020 2:50 PM
Newbieinshare buy ssteel... masteel and lionind up a lot. ssteel will eventually follow
02/01/2020 3:11 PM
gcke Southern Steel Berhad (“SSB” or the “Company”)
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)
B. Arbitration proceedings against SHRC by Danieli Thailand
The Tribunal decided in Danieli Thailand’s favour and awarded the following:- i)
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

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
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%;
02/01/2020 3:26 PM
gcke cont'd:iii)
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.
02/01/2020 3:28 PM
gcke 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?
02/01/2020 3:29 PM
jerret https://www.barrons.com/articles/arcelormittal-accident-steel-prices-accident-steelmaking-51577801744?mod=hp_LATEST
02/01/2020 3:43 PM
jerret 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
02/01/2020 3:44 PM
khatulistiwa1234 Profit taking
02/01/2020 4:31 PM
T800Terminator Tomorrow 0.90?
02/01/2020 8:12 PM
ivanlau market supply still more than demand..... coming quarter result believe still weak, beware.......
02/01/2020 8:14 PM
T800Terminator Sold all at 0.875. Monday Q at 0.82 2nd round. Kikikiki.
03/01/2020 9:00 PM
T800Terminator I’m in again at 0.825.......
06/01/2020 10:14 PM
dlau8899 Going up 0.82
13/02/2020 4:57 PM
EngineeringProfit Yes, in again today
14/02/2020 3:28 PM
Cakes Moon Walao, company making huge lost & NTA value wiped out 77 cents this quarter.
Tomorrow be prepare to gap down!!!
25/02/2020 6:47 PM
vinc3nt wow
25/02/2020 8:09 PM
thesteward Soon in Play
22/04/2020 12:08 PM
EatCoconutCanWin what!! Southern Steel produce steel shield that can prevent covid-19 virus. Magic weapon coming soon.
15/05/2020 2:13 PM
winlast ssteel on its move upwards
18/05/2020 10:41 PM
khatulistiwa1234 Bankrupt gone .
30/05/2020 11:05 AM
Albukhary Southern steel supply steel bar to Glove Plant.

Yes, tomorrow limit up.
07/08/2020 12:36 AM
Albukhary Lowest revenue is his record
24/08/2020 7:47 PM

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