vegebotaki think is penang LRT project effect. Ssteel sure supply all the steel because based at penang. soon will back to RM 2.00 above.
19/07/2019 1:31 PM
Musang KingI SENSE THAT HLB IS BUYING BACK SSTEEL SHARES BECAUSE HLB CANNOT ALLOW THE STEEL SECTOR TO DROP LIKE SHIT . EVER SINCE THE NEW QOVT TOOK OVER, SSTEEL SHARES HAD DROPPED MORE THAN 100%. FURTHER MORE HLB BOSS IS ALSO A MEMBER OF THE PROMINENT ELDERS INSIDE THE MAHATHIR'S ADMINISTRATION WHO PROMISED TO HELP TO REVIVE & RE-CORRECT THE COUNTRY'S ECONOMY. OTHER STEEL PLC ARE DOING BETTER THAN SSTEEL UNLIKE SSTEEL IS GOING BACKWARD. THAT'S VERY STRANGE.
19/07/2019 5:55 PM
Henry8833Look like Privatization or M&A in the making...
shpg22Reading 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
