SOUTHERN STEEL BHD

KLSE (MYR): SSTEEL (5665)

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Last Price

0.80

Today's Change

+0.005 (0.63%)

Day's Change

0.80 - 0.81

Trading Volume

75,000


2 people like this.

4,595 comment(s). Last comment by Johnzhang 2022-01-28 21:38

DreamHunter

11,022 posts

Posted by DreamHunter > 2021-05-04 02:46 | Report Abuse

yah kah

DreamHunter

11,022 posts

Posted by DreamHunter > 2021-05-04 02:47 | Report Abuse

sure boh

LossAversion

1,534 posts

Posted by LossAversion > 2021-05-04 09:25 | Report Abuse

Southern Steel, that's the way, aha, aha I like it!

abc1212

18 posts

Posted by abc1212 > 2021-05-04 09:56 | Report Abuse

buy some southern steel next leonfb hahaha

abc1212

18 posts

Posted by abc1212 > 2021-05-04 09:57 | Report Abuse

steel price will keep going up no worry mid long term invest

Xxxting

353 posts

Posted by Xxxting > 1 month ago | Report Abuse

u guys tp for this counter?

Albukhary

2,321 posts

Posted by Albukhary > 2021-02-11 10:52 | Report Abuse

back to year 2017, SSTEEL used to reach RM2.50.

For this round, I am not that greedy, RM1.80 I am satisfied d

Xxxting

353 posts

Posted by Xxxting > 2021-02-12 11:49 | Report Abuse

today up up?

Albukhary

2,321 posts

Posted by Albukhary > 2021-05-05 12:30 | Report Abuse

SSTEEL has been lag behind other steel counter for many weeks.
Its time to catch up.

LossAversion

1,534 posts

Posted by LossAversion > 2021-05-05 14:44 | Report Abuse

Finally, got rewarded today!!!

Posted by bullmarket1628 > 2021-05-05 15:52 |

Post removed.Why?

DreamHunter

11,022 posts

Posted by DreamHunter > 2021-05-05 15:41 | Report Abuse

waah

DreamHunter

11,022 posts

Posted by DreamHunter > 2021-05-05 15:41 | Report Abuse

vely strong up wor

DreamHunter

11,022 posts

Posted by DreamHunter > 2021-05-18 09:25 | Report Abuse

ha ha ha

excelyou

1,256 posts

Posted by excelyou > 2021-05-05 15:44 | Report Abuse

SSteel is number 2. Engtex , most cheap steel stock.

Discount 50% of NTA of RM1.60

Posted by bullmarket1628 > 2021-05-06 09:42 |

Post removed.Why?

Xxxting

353 posts

Posted by Xxxting > 2021-05-06 23:57 | Report Abuse

waiting for retrace to buy in moree

Xxxting

353 posts

Posted by Xxxting > 2021-05-07 20:55 | Report Abuse

monday prob will up due to steel price break new high again wauw

Xxxting

353 posts

Posted by Xxxting > 2021-05-15 15:32 | Report Abuse

selliing volume is biggg

LossAversion

1,534 posts

Posted by LossAversion > 2021-04-16 11:41 | Report Abuse

when is the Quarterly report ??

gcke

1,366 posts

Posted by gcke > 2021-05-17 20:57 | Report Abuse

To know the steel price today,view and open the link here - https://tradingeconomics.com/commodity/steel

gcke

1,366 posts

Posted by gcke > 2021-05-16 16:14 | Report Abuse

Very creditable and strong profit performance for 3 QR. Hopefully,recovery process continue to next quarter(QR) considering the strong steel price in the global market even though recently has somewhat stabilised. Read from : https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5...

pang72

43,764 posts

Posted by pang72 > 2021-05-25 20:07 | Report Abuse

Knn.....
..... Steel king...

Albukhary

2,321 posts

Posted by Albukhary > 2021-05-25 22:05 | Report Abuse

长钢老二正式回归。
长期被低估的南达钢铁将在星期四重新出现在十大涨幅板。

Xxxting

353 posts

Posted by Xxxting > 2021-05-04 16:42 | Report Abuse

tp ?

Xxxting

353 posts

Posted by Xxxting > 2021-05-25 10:26 | Report Abuse

letsgooo 1.20

SEE_Research

1,302 posts

Posted by SEE_Research > 2021-09-15 19:19 | Report Abuse

AN IMPORTANT MESSAGE FOR May, June 2021

Thanks to the rare convergence of these 2 important catalyst factors of this particular stock,

the clock is ticking down for you.

ALCOM GROUP BERHAD / 2674 has these 2 important catalyst factors, namely

ALCOM manufacture, supply :

Aluminium interrelated products
Aluminium commodity price is USD 2,156.25 per metric ton as at 21 Feb 2021
Aluminium commodity price is USD 2,305.00 per metric ton as at 24 May 2021
Historical high price now, as per May 2021 period ,
comparing to April 2020 ,then was USD 1,460.00 per metric ton

Recent good announcement by Alcom / 2674 on 23 Feb 2021
On the financial quarter with revenue RM 109,633,000.00
Record profit -for this financial quarter RM 10,074,000.00 ***
EPS : 7.50
*** = record


Recent good announcement by Alcom / 2674 on 25 May 2021
On the financial quarter with record revenue for this quarter RM 139,828,000.00 ***
Consistent profit -for this financial quarter RM 7,398,000.00
EPS : 5.51
*** = record

Amazing Earning per financial quarter = 7.50 + 5.51 + 5.51 + 5.51 = 24.03 cents, on the assumptions same for the coming quarters =24.03
Annualised per year 24.03 cents x 10 PER (price earning ratio )
Intrinsic value RM 2.40 less 30 % discount,
Final mid term target price RM 1.68




surge to limit up
For Alcom / 2674 --- 27 May 2021 / Thursday = RM 1.19 ( RM 0.30 )

Another metal stock similar in the making like Choo Bee Metal Industries Bhd., /5797 as per recent good financial announcement
21 May 2021 --

surge to limit up
Choo Bee / 5797 on 21 May 2021 = RM 1.64 (closed)
Choo Bee /5797 on 24 May 2021 = RM 2.13 ( closed - limit up +30 % = + RM 0.49 )

SEE_Research

1,302 posts

Posted by SEE_Research > 2021-09-15 19:45 | Report Abuse

For 27 May 2021
Thursday

Alcom /2674,

Steel counters especially
Choo Bee,
Ann Joo will provide uptrend momentum for steel, aluminum sectors,
Plus Alcom /2674 will also help in aluminum sector for positive price uptrend.

gcke

1,366 posts

Posted by gcke > 2021-05-31 10:12 | Report Abuse

Quick take: Southern Steel rises 10% on turnaround

KUALA LUMPUR: The market reacted positively to the latest financial results from Southern Steel Bhd and its shares were up over 10% in early trade.

The steel products manufacturer advanced 10.05%, or 9.5 sen to RM1.04 with 1.9 million shares done. It has appreciated some 20.4% so far this year.

In the third quarter ended March 31, Southern Steel posted a net profit of RM40.83mil against a net loss of RM37.58mil in the same quarter last year.

Its revenue rose 4.87% to RRM493.27mil in the quarter ended March 31 from RM470.36mil previously.

In the first nine months to March 31, it posted a net profit of RM23.45mil versus a net loss of RM418.12mil.

However, its revenue for the period was 19.3% lower at RM1.38bil from RM1.71bil previously.

Southern Steel said although there was an improvement in the group’s performance, market conditions remained uncertain due to the Covid-19 pandemic.

“The group will continue to be responsive to market changes and the board expects to remain profitable in the final quarter of this financial year,” it said.

Xxxting

353 posts

Posted by Xxxting > 2021-05-28 17:38 | Report Abuse

y still cant up even with good qr

Posted by Kristina Melody > 2021-09-17 09:00 | Report Abuse

so quiet here.

Yong Meng

39 posts

Posted by Yong Meng > 2021-07-15 09:03 | Report Abuse

https://menginvestlife.blogspot.com/2021/07/050.html 050 - 钢铁行业状况

tehka

1,534 posts

Posted by tehka > 2021-07-30 12:47 | Report Abuse

Any sifu target price for ssteel?

Posted by bullmarket1628 > 2021-09-17 09:53 |

Post removed.Why?

VTrade

1,141 posts

Posted by VTrade > 2021-09-06 21:54 | Report Abuse

Steel lower production in china. Iron ore also drop

Johnzhang

2,081 posts

Posted by Johnzhang > 2021-10-15 21:36 | Report Abuse

http://newswav.com/A2110_g7A3q1/
Good news for steel companies in Malaysia

s3eve

78 posts

Posted by s3eve > 2021-11-03 12:22 | Report Abuse

What is target price now?

ming

1,935 posts

Posted by ming > 2021-07-06 11:12 | Report Abuse

Wow~ surprising no affect by lock down

Posted by ipohwhitecoffee > 2021-08-12 00:55 | Report Abuse

Good QR here

Albukhary

2,321 posts

Posted by Albukhary > 2021-11-12 01:04 | Report Abuse

Very good QR, not affect by MCO.
Next quarter will be even better

Johnzhang

2,081 posts

Posted by Johnzhang > 2021-11-04 05:14 | Report Abuse

Excellent profit despite MCO lockdown during the qtr.

Posted by EatCoconutCanWin > 2021-01-24 19:17 | Report Abuse

Trapped... Bought this morning 0.855.. haiz

6166chats

71 posts

Posted by 6166chats > 2021-01-19 15:59 | Report Abuse

Steel price drop 111 currently 4350

hantamking

2,504 posts

Posted by hantamking > 2 months ago | Report Abuse

https://tradingeconomics.com/commodity/steel

Steel price recover ^^

Johnzhang

2,081 posts

Posted by Johnzhang > 1 month ago | Report Abuse

Shanghai steel futures broke the CNY 5000 per tonne mark, the highest since late October, amid limited supply, rising iron ore and nickel prices, and prospects of a boom in demand. Production in China is likely to be constrained in the first quarter due to factories maintenance, the Lunar New Year holidays, and efforts by the government to limit pollution during the Beijing Winter Olympics. At the same time, prices of steelmaking ingredients nickel and iron ore remain elevated, with possible supply disruptions in top iron ore exporter Australia due to a surge in coronavirus cases. Meanwhile, there are prospects demand in China will increase in the second quarter of the year as the construction and infrastructure sectors pick up and the Chinese authorities adopt stimulus measures to shore up the economy.

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