Highlights
KLSE: SSTEEL (5665)       SOUTHERN STEEL BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.715   -0.045 (5.92%)  0.695 - 0.765  1,790,100
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General Meeting

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Ann. Date Date Time Type Venue View
28-Oct-2020 23-Nov-2020 10:30 General Auditorium, Ground Floor Menara Hong Leong No. 6, Jalan Damanlela, Bukit Damansara 50490 Kuala Lumpur Meeting Detail
22-Oct-2020 21-Nov-2019 12:00 AGM Training Room C, Level 1, Southern Steel Berhad, 2723 Lorong Perusahaan 12, Prai Industrial Estate, 13600 Prai, Penang Meeting Detail
26-Oct-2018 29-Nov-2018 14:00 AGM Training Room C, Level 1, Southern Steel Berhad, 2723 Lorong Perusahaan 12, Prai Industrial Estate, 13600 Prai, Penang Meeting Detail
27-Oct-2017 28-Nov-2017 14:00 AGM Training Room B, Level 1, Southern Steel Berhad, 2723 Lorong Perusahaan 12, Prai Industrial Estate, 13600 Prai, Penang Meeting Detail
20-Oct-2016 14-Nov-2016 14:00 AGM Training Room B, Level 1, Southern Steel Berhad, 2723 Lorong Perusahaan 12, Prai Industrial Estate, 13600 Prai, Penang Meeting Detail
19-Oct-2015 11-Nov-2015 14:00 AGM Training Room B, Leval 1, Southern Steel Berhad, 2723 Lorong Perusahaan 12, Prai Industrial Estate, 13600 Prai, Penang Meeting Detail
29-Oct-2014 21-Nov-2014 15:15 EGM Training Room B, Level 1, Southern Steel Berhad, 2723 Lorong Perusahaan 12, Prai Industrial Estate, 13600 Prai, Penang Meeting Detail
29-Oct-2014 21-Nov-2014 14:45 AGM Training Room B, Level 1, Southern Steel Berhad, 2723 Lorong Perusahaan 12, Prai Industrial Estate, 13600 Prai, Penang Meeting Detail
27-Sep-2013 22-Oct-2013 10:00 AGM Training Room B, Level 1, Southern Steel Berhad, 2723 Lorong Perusahaan 12, Prai Industrial Estate, 13600 Prai, Penang Meeting Detail
04-Oct-2012 29-Oct-2012 15:30 AGM Training Room B, Level 1, 2723 Lorong Perusahaan 12, Prai Industrial Estate, 13600 Prai, Penang Meeting Detail
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  2 people like this.
 
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
khatulistiwa1234 IRON STEEL METAL REBOUND IS TODAY .
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”)
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%;
02/01/2020 3:26 PM
gcke 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.
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 2:41 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!!!
25/12/2020 4:42 PM
vinc3nt wow
25/02/2020 8:09 PM
thesteward Soon in Play
22/12/2020 5:07 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 5:36 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
bali Biden win, war trade might end, big stimulus to steel counter
08/11/2020 8:46 AM
Ng Siew Lan What happened on this counter?
14/11/2020 6:06 PM
ming Glove made by steel.. xD
22/11/2020 6:39 PM
Spotgorengshare ssteel tmr start fly
24/11/2020 1:31 AM
IvanC buy!!! still a lot room to go up
02/12/2020 3:20 PM
mrmeow ARANK < Hidden aluminium counter that is yet to fly exponentially
03/12/2020 3:59 PM


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