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2016-10-25 00:49 | Report Abuse
After Megasteel close, many steel player bought HRC from southern Steel.
2016-10-24 16:30 | Report Abuse
the boss said, we are trying hard to maintain the profit as per last FY
That means, the environment is challenging, no easy to grow profit.
2016-10-24 00:40 | Report Abuse
Erm, something wrong in the article above.
Property industry will benefit Long Steel, not Flat Steel.
Flat Steel are use for industrial purpose, like car manunfacturing, electrical product..etc, while long steel is for construction and property.
Flat Steel = MYCRON, CSCSTEEL
Long Steel = ANNJOO, MASTEEL, SSTEEL
2016-10-24 00:36 | Report Abuse
KYY not support nevermind, we ask OTB to support.
Ask OTB to use KYY's money to support, like CHoo Bee case.
2016-10-24 00:34 | Report Abuse
pang72, GST is work as below:-
Input tax = Tax that you incurred when you buy from supplier
Output tax = Tax that you collected from customer when you sell to customer
GST payable to government = Output tax - Input tax
For POS malaysia, as it is service industry, I don't think they have much Input Tax to claim (i.e. their major cost are salary, petrol, toll..etc), which is GST exempted, so I believe most of the GST they collected from customer have to pay to government, nothing much to claim.
2016-10-24 00:12 | Report Abuse
pang72, no lah, GST is collect from customer, and pay to Government.
So this 6% will increase Government profit, not POS profit.
On the other hand, it may affect POS business, as consumer may switch to other way instead of using POS.
2016-10-20 11:32 | Report Abuse
No more tuju langit... now terjun sungai
2016-10-20 10:03 | Report Abuse
sycal is the most mystery counter
2016-10-17 18:04 | Report Abuse
Looking forward for net profit RM40million
2016-10-15 11:52 | Report Abuse
Sometime I really hope we all chinese & indian can become the same race as Malay, then we are in the same stage with Malay, and we can use our intelligent and hardworking to proof to them, we use our intelligent to rule the country. No more tongkat policy, coz now we are same race.
2016-10-15 11:49 | Report Abuse
SP Setia, Sunrise are very good example.
2016-10-15 11:48 | Report Abuse
In other country, company can always easy to have M&A. because the shareholder and management are in the same race. But Malaysia is different, company are owned by different race... Government want all the company to be controlled by Malay, and the will stop Chinese company to merge with each other, because they don't want chinese to monopoly the market. At the end, they will use Khazanah, EPF to support some weak Malay company to takeover good chinese company... and few years later, the good company will become weak company again.
2016-10-13 00:09 | Report Abuse
Lulu La, I can't prove to you that cold eye is accumulating as this moment, but you can always wait until next year Annual Report come out.
Hints: Recently got quite a numbers of loan stock being converted to ordinary share.
2016-10-12 00:54 | Report Abuse
No matter Koon is come with good intention or bad intention, but one thing we can assure is CSCSTEEL is a good company, that why it attract Koon to come.
CSCSTEEL is making good profit, sitting big cash pile, generous dividend policy, steel price are heading uptrend.. etc.
So as a shareholder of CSCSTEEL, we shouldn't influence by other, we can't just simply let go our share just because someone announce he is buying it.
For example, many old investor hate SOROS, because they think he is the one who caused the Asia financial crisis in 1997/98. So if today SOROS buy CSCSTEEL, should you sell your CSCSTEEL, just because markets said SOROS is a bad guy, he caused many investor lost their life time saving.
2016-10-12 00:33 | Report Abuse
Lulu La, please check annual report.
2016-10-08 16:40 | Report Abuse
Next monday SSTEEL will heading to RM1.40.
Big fund is coming.... hehe!
2016-10-04 16:09 | Report Abuse
Source said SSTEEL Q12017 have RM40million profit
2016-10-04 11:00 | Report Abuse
Not selling the highway perhaps is a good thing for SILK.
Currently, it highway business provide steady positive cash flow, as its highway debt payment is very small amount only (although the debt is high, but the payment is very minimal only).
Cold eyes always said:- "Cash flow is very important for a organisation, many business went bankrupt not because their business is good, or because they are making losses, the real course that make an business went bankrupt is CASH FLOW, without cash flow, company cannot pay rental, cannot pay salary.. and this will cause the business went bankrupt.
Therefore, with the steady positive cash flow from SILK highway, now at least we can assure that SILK will have strong cash flow to overcome the losses it suffer from its O&G business. We hope O&G can recover in next few years, Petronas can increase its capex in next few years, the SILK will fly high again.
2016-09-26 13:14 | Report Abuse
A lot of ppl think think steel stock is over bought, because they look at the lowest price and current price.
This is incorrect, because all steel stock has been drop from its normal level to lowest since 4-5 years ago. Now the industry cycle come d, the price just start climb back to its normal level. And it is still has a far journey to go.
This situation is like in year 2008-09, when Maybank drop to RM2-3, when IT climb toRM5-6, many ppl sold it. They think 100% return in few month is ridiculous, overbought d.
2016-09-26 09:44 | Report Abuse
Therefore, we can safely invest in SSTEEL, because it wont incurred any loss in future.
Next quarter EPS should be around 7-9 sen, FY17 EPS should be 28-36 sen.
Target price is RM2.80 in 6 months times.
2016-09-26 09:42 | Report Abuse
after reading its quarterly report for 3 times, I'm very sure that it has write off everything relates to the investment on the HRC Plant.
Below is the paragraph stated in the quarterly report:-
"Pending the outcome of SHRC's claim against Danieli in the arbitration, an amount of RM141 million (Represent the TOTAL CAPITALISED DIRECT ATTRIBUTABLE COST in commissioning the plant and the CAPITALISED BORROWING COSTS incurred for the plant) was written off and is included in the financial statement"
2016-09-26 09:35 | Report Abuse
Good time to collect SILK.
Although the disposal plan aborted, but SILK still a company that own many good assets.
Its SILK Highway provide him a steady cash flow, and this cash flow able to help him to overcome the challenge environment of its O&G business.
1-2 years later, when other O&G player has been knock-out (because they have cash flow problem), then SILK will emerge itself as the big player in O&G.
2016-09-23 12:38 | Report Abuse
It always like that, after u sold then only it will fly.
So buy can buy, but don't buy a lot, diversify your money to other counter.
2016-09-23 10:31 | Report Abuse
KYY is very smart, he stop the investor from buying other steel player, he try to direct all investor to buy CSCSTEEL only.
2016-09-23 10:03 | Report Abuse
May I know is the RM141million is the last amount written off? Or they are still some amount to be write off in next quarter?
2016-09-22 13:49 | Report Abuse
OTB earn RM196k for 3 months from a single customer,no bad.
Many Fund manager at bank only taking salary around RM20-30k per month.
2016-09-22 13:47 | Report Abuse
what happen if kyy find out that otb use his fund to push up choo bee?
2016-09-22 12:13 | Report Abuse
For me, Southern Steel is the best. After the company write off all the investment on the new machinery, the company is clean now. Next quarter profit at least 9 sen.
Very soon it share price will go up to RM1.60
2016-09-21 10:47 | Report Abuse
i think OTB n KYY no longer good relationship
2016-09-17 13:41 | Report Abuse
Good sharing. Thumb up!!
2016-09-17 13:27 | Report Abuse
Target Price:-
1) ANNJOO - RM2.80
2) CSCSTEEL - RM2.50
3) SSTEEL - RM1.80
4) MYCRON - RM1.10
5) MASTEEL - RM1.00
6) PRESTAR - RM0.90
2016-09-15 13:51 | Report Abuse
try to imagine if next quarter SSTEEL post a result of EPS 9.0 sen, how high the share will fly?
RM1.80-1.90? hahahah
2016-09-15 01:52 | Report Abuse
Sycal not a steel stock, but something brewing.
Something big and excited going to announce.
2016-09-15 01:45 | Report Abuse
Southern Steel, this counter has very minimum floating share.
Give it 1-2 months, it will be same level as CSCSTEL
2016-09-13 17:14 | Report Abuse
Very well said, money sifu. It took me 15 years in stock market to understand this theory.
2016-09-13 17:12 | Report Abuse
Buy Prestar better, it will shoot up very fast.
2016-09-13 17:12 | Report Abuse
So many 2-3 liner for steel, not worth to buy this.
2016-09-13 17:09 | Report Abuse
I smell something good in southern
2016-09-09 18:00 | Report Abuse
ilovehits, who is country top remiser? OTB? hahaha
2016-09-09 16:19 | Report Abuse
REVENUE PBT PAT EPS NTA
2016-12-31 2016-06-30 153,035 8,597 6,498 5,172 2.95 1.2700
2016-12-31 2016-03-31 144,970 5,192 4,119 3,151 1.80 1.2400
2015-12-31 2015-12-31 150,816 7,948 6,501 5,971 3.41 1.2300
2016-09-08 23:43 | Report Abuse
Will TTB invest in steel company this round?
Stock: [SSTEEL]: SOUTHERN STEEL BHD
2016-10-25 01:24 | Report Abuse
Hi Moneysifu, the above statement is come from RHB analyst, during the investment sharing seminar.