Posted by MrPauper > 2017-05-01 20:17 | Report Abuse

i think that it is possible for ssteel to achieve rm1.80 - rm2 by Aug

Posted by Apollo Ang > 2017-05-01 20:20 | Report Abuse

possible if another round of increase profit, but if profit down it will down to 1.30

Posted by MrPauper > 2017-05-01 20:26 | Report Abuse

If ssteel fails to repeat even 7-8 sen eps next q5uarter, i will be the 1st one to sell off my holdings for good. A counter who fails to perform even in a conducive environment does not serve public recognition

Posted by Apollo Ang > 2017-05-01 20:31 | Report Abuse

if profit down u can be the 1st one to sell? what if open down 20cts u also can sell?

Posted by MrPauper > 2017-05-01 20:35 | Report Abuse

Yes, i will sell. My entry price is considered low. If a stock fails me even after i have done my analysis, there is no use of holding it longer. But i will wait until the release of results. I wont speculate on its outcome

Posted by Up_down > 2017-05-01 20:37 | Report Abuse

If Ssteel is able to deliver fully diluted EPS 7 cents next QR, share price can easily hit above 2.0. My estimation of PER is based on diluted EPS. It's very likely the company would report EPS above 5 cents in upcoming Qtr given the support of the anti dumping rulings.

Posted by MrPauper > 2017-05-01 20:39 | Report Abuse

For me, if the eps is above 10 sen, price easily achieve rm2.40

Posted by Albukhary > 2017-05-02 00:12 | Report Abuse

Mrpauper, don't worry, sure SSTEEL can achieve higher EPS next quarter. Because majority of Mar'17 order has been carry forward to Apr'17. However, this year Hari Raya fall on June, and Puasa Ramadan start from end of May. Hopefully the Puasa and Hari Raya don't affect the production too much.

Posted by Leonardo12 > 2017-05-02 01:24 | Report Abuse

How about the Iculs, have anyone here considered about it? It is whopping more than 200 mil.

Posted by Leonardo12 > 2017-05-02 01:25 | Report Abuse

Where to locate the number of Iculs? Anyone here can enlighten? Thx

Posted by Albukhary > 2017-05-02 07:48 | Report Abuse

Today will challenge RM1.70..

Posted by nicky11 > 2017-05-02 08:51 | Report Abuse

Current price with 3 cents interim dividends.. Seems will have final dividend​s on Q4 if the result is promising. Ssteel is quite generous in giving dividends one..

Posted by nicky11 > 2017-05-02 08:56 | Report Abuse

From recent QR, Ssteel had a big increment of inventories. They may already forecast the steel anti dumping protection will be extended and demands will be increased

Posted by nicky11 > 2017-05-02 09:09 | Report Abuse

In the share market we really need a high EQ not to distort by the false rumors. Good jobs for those choose to hold during SSteel had a big drop due to rumor.

Posted by Albukhary > 2017-05-02 09:20 | Report Abuse

Like Johnnys said, Local Institution cannot but SSTEEL, because total last 4 quarter result are still making loss.
And the big environment and government policy has been change, and now the business environment is very favourable for steel industry, so we all can almost 100% sure that coming quarter result sure will be very satisfactory.
By that time, SSTEEL last 4 quarter result will become very nice, assume 4.6 + 8.6 + 7.5 + 10 = 30.7 sen.
As the MITI safeguard is 3 years, and Government has so many infrastructure project on hand, I believe all local institution will give it a PE of at least 10 times.

So based on PE 10, SSTEEL TP will be RM3.00.

So you can buy now at whatever price, RM1.60, RM1.70, RM1.80...etc, because 3 more months later, local institution will pump in million & million to acquire the share from you hand at RM2.20-RM2.50, because as long as there is 20% potention gain for them, it is consider a very good deal d.

Look at Annjoo, once it achieve last 4 quarter profit, many big player start to buy in, and all these are strong hand, and it push the share from 2.20 to RM2.90 .

Posted by andry > 2017-05-02 09:23 | Report Abuse

SSteel had big inventories because construction companies hoping the anti dumping tax will not be extended and they hold back their steel bar order. Now even without the anti dumping tax, they will not be able to import steel bar with the increase in price in China and closure of many unlicensed steel mills due to pollution
TP=RM2.5 next quarter

Posted by probability > 2017-05-02 10:07 | Report Abuse

ferocious...ferum processor...he he

Posted by leoting > 2017-05-02 10:11 | Report Abuse

Harvest season for durian. Please keep the durian tree well!

Posted by ks5S > 2017-05-02 10:15 | Report Abuse

anytime can break 2.00
if not how to call Super Steel (SSteel)

Posted by ks5S > 2017-05-02 10:19 | Report Abuse

Up , Up and Away.

Posted by Up_down > 2017-05-02 10:22 | Report Abuse

Small durian are growing bigger and bigger. It's still long way to go before harvesting.

Posted by OOMMGG > 2017-05-02 10:47 | Report Abuse

Tsai said that the price of wire rods had increased by about 20% since January 2017.
“This is because China has curbed the production of steel due to its implementation of the Blue Sky project to cut down on environmental pollution.
“Steel-based product producers worldwide have raised their prices in response to the situation.

Posted by leoting > 2017-05-02 11:10 | Report Abuse

Just starting of the long durian season, Enjoy the fruitful and good taste musang king!

Posted by leslieroycarter > 2017-05-02 11:47 | Report Abuse

will good times remained always? This is an unanswered question where only time can tell the story.Happy enjoying the ride....

Posted by elvingan > 2017-05-02 15:16 | Report Abuse

TP WILL BE TO RM2.50 HOLD LONG TIME,KIKIKI

Posted by probability > 2017-05-02 15:18 | Report Abuse

1,70 kepala pecah...in one go!

Posted by MrPauper > 2017-05-02 15:22 | Report Abuse

I think there is still another 10 sen to go, short term consolidation should set in at around rm1.80

Posted by Rasta07 > 2017-05-02 16:22 | Report Abuse

huat huat huat rally to 1.80!

Posted by leslieroycarter > 2017-05-02 16:24 | Report Abuse

Sky is the limit.....

Posted by Takashi Sorimachi > 2017-05-02 16:29 | Report Abuse

Congratulations

Posted by Rasta07 > 2017-05-02 16:36 | Report Abuse

Let's keep it up until Friday! Hopefully reach 1.8++

Posted by andry > 2017-05-02 16:44 | Report Abuse

ssteel bring all the steel counters alive oh

Posted by Rasta07 > 2017-05-02 16:46 | Report Abuse

ya ya annjoo went up 0.14 and masteel went up 0.04

Posted by leoting > 2017-05-02 21:13 | Report Abuse

钢铁第6报告之长钢五月炎阳天! http://leoting81.blogspot.my/2017/05/6.html

Posted by Icon8888 > 2017-05-02 21:59 | Report Abuse

excellent write up

Thank you

Posted by nicky11 > 2017-05-02 22:29 | Report Abuse

I really learn alot from Leoting's article . Thanks alot.

Posted by Up_down > 2017-05-02 23:09 | Report Abuse

Thanks leoting for updating us current status in Malaysia and China. We got one expert in steel industry here. This time Ssteel has really brought steel and related counters back to alive after announcing good QR and generous dividends.

Posted by cheoky > 2017-05-02 23:38 | Report Abuse

how about the diluting effect of RCLUS?

Posted by leslieroycarter > 2017-05-03 10:21 | Report Abuse

Another wave.....RM 2

Posted by hooi > 2017-05-03 11:21 | Report Abuse

ann joo above 3.00
ssteel should at least 2.00

Posted by SuperMan 99 > 2017-05-03 15:02 | Report Abuse

Congratulation to all! SSteel will be most shining steel stock.

Posted by moneySIFU > 2017-05-03 15:08 | Report Abuse

I expected the result but I was too conservative & under-estimated market power

Congratulation to all.

Posted by leslieroycarter > 2017-05-03 20:55 | Report Abuse

Substantial shareholder is selling..... Better think twice on buying coz the downside cannot b discounted .
SU HOCK COMPANY SDN BHD 27-Apr-2017 Disposed 3,990,398 0.000

Posted by ks5S > 2017-05-03 21:16 | Report Abuse

ann joo main shareholder selling but the price continue moving up disregard of him selling.
As long as the outlook is good, the price will continue to move up to break 2.00

Posted by probability > 2017-05-03 21:18 | Report Abuse

rebar price had resumed its uptrend..

http://www.sunsirs.com/uk/prodetail-927.html

Posted by ks5S > 2017-05-03 21:58 | Report Abuse

malaysia railway track project (highspeed rail, lrt, mrt, east coast rail etc..) will increase future demand of steel. Just like last time china expands their railway track line and this push up many steel mills been set-up. Good outlook for steel.

Posted by WongCH > 2017-05-03 22:03 | Report Abuse

This week ends RM2.00.........up up up

Posted by Albukhary > 2017-05-03 22:20 | Report Abuse

leslieroycarter: Substantial shareholder is selling..... Better think twice on buying coz the downside cannot b discounted .
SU HOCK COMPANY SDN BHD 27-Apr-2017 Disposed 3,990,398 0.000


Mr Leslie, which of your eye saw the above information? I checked bursa announcement, their last disposal is on 2015.

Posted by nicky11 > 2017-05-03 22:31 | Report Abuse

What I saw is...
SU HOCK COMPANY SDN BHD 30-Dec-2015 Disposed 3,990,398

I believe he copy the disposed figure and amended the date... lolz

Posted by ks5S > 2017-05-03 22:45 | Report Abuse

this prove that people so desperate to buy this counter until use fake news to push down SSteel.
But don't worry, this counter is solid as hard steel.