Posted by bonbon > 2017-03-30 16:54 | Report Abuse

Beware, only this ssteel is dropping like no tomorrow while other steel counters annjoo, masteel or lionind have stop falling. If really like steel counter, annjoo is always a better choice.

Posted by goodluck999 > 2017-03-30 16:54 | Report Abuse

you are right,possibly warn3r. this kind of situation is okay for me to pick up at cheaper price.. the more you drop, the more i could pick up, see how much more you could let it fall.

Posted by abang_misai > 2017-03-30 16:54 | Report Abuse

Luckily I cleared all at 1.20 today.

Posted by goodluck999 > 2017-03-30 16:56 | Report Abuse

like i said, 1.17- 1.20 good entry level.today managed to get some.if tmw drop further i will cover it.. anything below this level i will collect as much as possible.

Posted by OOMMGG > 2017-03-30 16:59 | Report Abuse

Right, they dump we collect ^_^

Posted by OOMMGG > 2017-03-30 17:01 | Report Abuse

Plan some bullet on next week for cheap collection

Posted by 张天师买股票 > 2017-03-30 17:02 | Report Abuse

@@ 还在跌

Posted by OOMMGG > 2017-03-30 17:04 | Report Abuse

Annjoo got director Datuk Lim to support, no easy task to dump low. Ssteel is much easier to dump lower as it's price is lower which needing less capital to dump.

Posted by OOMMGG > 2017-03-30 17:05 | Report Abuse

Dump & pump tactic

Posted by nicky11 > 2017-03-30 17:06 | Report Abuse

what happen to this SSteel?

Posted by OOMMGG > 2017-03-30 17:11 | Report Abuse

10 April Chaos

Posted by Warn3r > 2017-03-30 17:22 | Report Abuse

Classic scenario of digging a hole to trap ppl.

Posted by nicky11 > 2017-03-30 17:31 | Report Abuse

Actually if there is not extension of the steel protection, with our weak RM exchange rate over China Reminbi + currently china steel price is high,the imported steel doesn't prove it is very cost efficiency.

Posted by Warn3r > 2017-03-30 17:39 | Report Abuse

Bon bon. There's no better stock. Everyone's risk/reward preference and appetite is different. You can say annjoo is safer (4 quarters in the green with PE 7+). Ssteel is 2 quarters in the green and still -ve PE now. Price climbs very fast when a counter is recognized as out of the red for real. If FY EPS can hit 30 cents, ssteel has quite a big upside opportunity.

Maybe the operator thinks ssteel is easiest to press/pull hence became the target?

Posted by OOMMGG > 2017-03-30 18:08 | Report Abuse

This is likely. Annjoo can't rise too fast as this will create good sentiment which operator may have difficulty to suppress ssteel price. Today they manage to contain Annjoo price rise within small scale but manage to push SSteel further downward. No much time left them to do dump work

Posted by noah > 2017-03-30 20:50 | Report Abuse

liquidity is the main issue for SSTEEL.
SSTEEL is the most illiquid among the 4 long steel player.
which make the price more volatile.

Posted by Johnnys > 2017-03-30 21:11 | Report Abuse

from pass experience, usually SSteel will declare dividend on 3rd quarter.
Continue profit + Div + local infra must use local steel. This three Positive news is enough to push SSteel to new High on MAY.

Posted by shadowhao > 2017-03-30 21:21 | Report Abuse

oversold , hmmmm

Posted by Yipman > 2017-03-30 23:24 | Report Abuse

@warn3r, 3Q eps 10 and 4Q eps 8. wow.. your projection are too high. 3Q is low season and expects falling in QoQ. Don't set too high expectations and u will feel more painful when QR out. This is wat i learn from cscsteel counter from last 2Q.

Posted by Warn3r > 2017-03-30 23:58 | Report Abuse

Thanks Yipman for your view. I agree that with everything constant Q3 (CNY and Feb having just 28 days) should see a reduction. The counter argument is the much higher Steel price in Q1'17. I guess a really conservative EPS would be 6 cents each for next 2 quarters? Then we can expect FY EPS of 25 cents. PE 6 would give RM 1.50.

This should be quite conservative. From RM 1.17 there's at least 25% headroom.

Posted by OOMMGG > 2017-03-31 07:57 | Report Abuse

25 eps is more reasonable.

Posted by Warn3r > 2017-03-31 09:02 | Report Abuse

Hehe. Ok. But what's a reasonable PE? 6? 8? 10? Depends on stability of the profit and whether import duty is remained. PE 6 should be conservative enough so we have margin?

Posted by Tiger_shark > 2017-03-31 10:22 | Report Abuse

US impose anti dumping tax on china, korea, steel product

Posted by yoloisreal > 2017-03-31 10:53 | Report Abuse

can't get at 1.15 :(

Posted by Stock Kingdom > 2017-03-31 11:44 | Report Abuse

Any bottom fishing opportunities?

Posted by Warn3r > 2017-03-31 11:46 | Report Abuse

When it was at RM 1.50+ level, everyone was so hyped that it would go RM 1.80 next. Actually the potential is still there, this import duty scare is just to instill fear in us Ikan bilis. Just give it 3 more months and it would be clear.

Posted by Rasta07 > 2017-04-04 09:08 | Report Abuse

Hmmm almost 10th April

Posted by OOMMGG > 2017-04-04 16:17 | Report Abuse

Government may provide local steel maker sometime to strengthen steel industry through consolidation. Removing the import duty before consolidation complete or local steel industry is ready to fight/compete with cheap import may sound premature decision

Posted by Warn3r > 2017-04-05 10:20 | Report Abuse

See how they play this game?

Posted by OOMMGG > 2017-04-05 10:36 | Report Abuse

China is doing overcapacity cutting. Steel price will be stable for the foreseeable future as this is also China government end target. Our government should be helping local steel industry at this upon of time and for years to come when consolidation of local steel is in progress to showing their actual support for consolidation.

Posted by Warn3r > 2017-04-05 10:49 | Report Abuse

Morning session Goreng first round. Afternoon session for relatives and friends.

Posted by nicky11 > 2017-04-05 17:18 | Report Abuse

Annjoo already back to the price before the rumour about safeguard duties issue, dunno when SSTEEL can move back too.

Posted by Albukhary > 2017-04-05 23:33 | Report Abuse

I heard someone mentioned that MITI will extend the safeguard for another 180 days.

Posted by Warn3r > 2017-04-06 05:40 | Report Abuse

Thanks Albukhary. It's not the 2 year safeguard I was hoping for but this is good news nonetheless. Hope it goes back up to RM 1.35 by next Monday for it to shoot back up to start at RM 1.50-1.55 on Tuesday.

Posted by OOMMGG > 2017-04-06 07:59 | Report Abuse

Good news

Posted by andry > 2017-04-06 08:56 | Report Abuse

the star recommend Ann joo, buy , as steel demand will shoot up next year.

Posted by probability > 2017-04-06 15:32 | Report Abuse

southern steel lai lai..

Posted by VenFx > 2017-04-06 15:43 | Report Abuse

Return of the JEDI, shall see golden sun shine .

Posted by yoloisreal > 2017-04-06 15:54 | Report Abuse

never fear panic sell, good thing coming soon

Posted by Warn3r > 2017-04-06 19:04 | Report Abuse

Everyone comes back when it's on the rise.

Posted by OOMMGG > 2017-04-06 20:11 | Report Abuse

Welcome back

Posted by Rasta07 > 2017-04-07 09:26 | Report Abuse

oh yes!! Riseeeeeee

Posted by Rasta07 > 2017-04-07 12:28 | Report Abuse

Albukhary, 180 days? Wow.. 6 months!

Posted by probability > 2017-04-07 16:12 | Report Abuse

Monday back to 1.45

Posted by Warn3r > 2017-04-07 16:16 | Report Abuse

Yes. Or maybe even 1.5.

Posted by probability > 2017-04-07 16:18 | Report Abuse

actually if there is no change on the duty...i dont mind sapu till 1.55!

Posted by limayseng > 2017-04-07 16:28 | Report Abuse

Political change may affect steel prices when major projects were to review upon implementation or projects cancelled shall b eminent.

Posted by Albukhary > 2017-04-07 22:34 | Report Abuse

As annjoo break new high, so very likely that SSTEEL will break RM1.45 on monday or tuesday.

Posted by ChronoFund > 2017-04-07 23:01 | Report Abuse

Depends on MiTi decision on Monday.

Posted by probability > 2017-04-07 23:07 | Report Abuse

even if they slash the duty by 5%...SS is dead cheap now.