Posted by MuttonCurry > 2016-08-23 11:10 | Report Abuse

wanted to invest in steel .. what happened kena hantam kau2 ... now having 2nd thots ...

Posted by MuttonCurry > 2016-08-23 11:13 | Report Abuse

i think i follow johnnys ... stay sideline ... watch horror movie

Posted by antidebt > 2016-08-23 11:18 | Report Abuse

more impairment coming soon. Quek Leng Chan not interest in his company. Want to sell his company but no buyer.

Posted by antidebt > 2016-08-23 14:28 | Report Abuse

sostupid.... i understand your feeling of kena trap by this southern steel . Pls let it out your frustration. We would not blame on you. We are a very understanding human being.

Posted by MuttonCurry > 2016-08-24 17:28 | Report Abuse

Horror movie continue tomolo ?

Posted by moneySIFU > 2016-08-26 17:09 | Report Abuse

Collecting ssteel & masteel.....

Posted by Greysonchen > 2016-09-06 12:32 | Report Abuse

japan company

Posted by pantor > 2016-09-06 20:26 | Report Abuse

black horse...

Posted by Rica7894 > 2016-09-13 16:19 | Report Abuse

Steel prices have eased from a peak of RM2,800/t in 2Q16 to RM1,900/t currently. Any good catalyst?

Posted by moneySIFU > 2016-09-13 16:35 | Report Abuse

Ha, blackealge is here, I can sell any time, no need to worry for me. Thank you.

Posted by moneySIFU > 2016-09-13 16:35 | Report Abuse

Wow, today up more than 10%, congratulation!!!!

Posted by Albukhary > 2016-09-13 17:09 | Report Abuse

I smell something good in southern

Posted by pantor > 2016-09-14 22:13 | Report Abuse

Steel counter with one of the best potential upside

Posted by ilovehits > 2016-09-15 09:53 | Report Abuse

Thank for the poor results so everyone can collect at low price. Just give SSTEEL some times to prove itself.

Posted by Albukhary > 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

Posted by winmal > 2016-09-16 12:59 | Report Abuse

Compare to other steel mills n share price. Southern steel have good management and strong shareholder but his share price traded relatively low compare to other steel counters like Annjoo, CSC, Mycron. All traded at 5 years high....

Posted by ks5S > 2016-09-22 15:09 | Report Abuse

market rumour....angelina jolie split from brad pitt... .she want to married quek ah chan.
Ah Chan company SSteel will be a take over target by Ann Joo.

Posted by Sigmund1118 > 2016-09-23 00:36 | Report Abuse

SSsteel business is good with output max in existing plant . Challenges here is they need to write off their capex for new plant investment due to technical issue. They need to take another 2 quarter to recover 400M capital write off . Overall fundamental is good

Posted by Albukhary > 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?

Posted by Sigmund1118 > 2016-09-23 11:30 | Report Abuse

Still have balance to be write off in next few quarters.

Posted by ks5S > 2016-09-23 11:35 | Report Abuse

my insider told me no more impairment. Last quarter is the final one.

Posted by ks5S > 2016-09-23 11:37 | Report Abuse

my insider name is Ma Li Chan

Posted by WealthWizard > 2016-09-23 11:39 | Report Abuse

EKOVEST: Doing Great & Ready To Shine, Are You Ready? (Part 1)
http://klse.i3investor.com/blogs/wealth123/104926.jsp

Posted by ks5S > 2016-09-23 11:42 | Report Abuse

Southern Steel : Doing Great & Ready To Shine, Are You Ready?

Posted by Noni > 2016-09-23 11:59 | Report Abuse

Macam yes, ready. Tapi, no.

Posted by ks5S > 2016-09-23 12:35 | Report Abuse

angelina jolie dump Bratt Pitt bcos Ah Chan very kuat, Make of solid steel.

Angeline Jolie Married Ah Chan = Ann Joo merge with Southern Steel === name change to North-South Steel

Posted by Albukhary > 2016-09-23 12:36 | Report Abuse

Good North South Steel

Posted by ks5S > 2016-09-23 12:43 | Report Abuse

Wedding of The Year

Angelina Jolie Married Quek Ah Chan

Ann Joo Merge with Southern Steel

Posted by ks5S > 2016-09-23 12:57 | Report Abuse

my insider say Ah Chan Steel will make about 40 millions next quarter similar to his wife company , Angelina Jolie.
Then the share price will move to 1.80. Normally husband will let the wife to show-off first... Gentlemen -mah.

Posted by ymj1016 > 2016-09-23 13:20 | Report Abuse

good time to buy now. Accumulation stage before this counter push up chasing Ann Joo.

Posted by ks5S > 2016-09-23 14:33 | Report Abuse

Ah Chan manyak kuat. Angelina Jolie manyak suka.

Posted by ks5S > 2016-09-23 14:35 | Report Abuse

Ah Chan... Man-Man Lai. Jangan manyak cepat reach climax bila jumpa angelina jolie

Posted by ks5S > 2016-09-23 14:45 | Report Abuse

Ah Chan.... Want to drink some Ho Yan Hor Leong Char or not ?

Posted by winmal > 2016-09-23 14:57 | Report Abuse

Ssteel share price too low compare to other steel mill

Posted by The One • > 2016-09-23 15:37 | Report Abuse

Negative P/E = too low? Be careful and do not get trapped ya. MMs are smart people. Anyway.. gudluck..

Posted by hansolo1 > 2016-09-24 23:33 | Report Abuse

southern steel going south.

Posted by hansolo1 > 2016-09-24 23:44 | Report Abuse

not only going south, but Ah Chan also balik tongsan.

Posted by hansolo1 > 2016-09-25 08:28 | Report Abuse

Those who chase high last Friday , congratulation to all of you. You just bought a one-way ticket to Tongsan. Maybe you sit next to Ah Chan during the flight.

Posted by Annetan > 2016-09-25 11:08 | Report Abuse

apparently there is an announcement by the governmernt at 3,30 pm last friday to safeguard the steel industry.http://klse.i3investor.com/blogs/100percentprofits/105044.jsp

Posted by hansolo1 > 2016-09-26 08:41 | Report Abuse

Train to Tongsan

Posted by Albukhary > 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"

Posted by Albukhary > 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.

Posted by Acon888 > 2016-09-26 10:54 | Report Abuse

Mana hansolo1

Posted by invest_101 > 2016-09-26 11:04 | Report Abuse

I agree with Albukhary that investment in the HRC Plant has been written off fully in the recent quarterly report. Its a very conservative practive and probably adopted in compliance to their group policy. Any recovery will be a bonus and under normal operating environment (assuming the safeguard duty announced last Friday is effective), Ssteel would be operating profitably. Personally I think Ssteel is a better managed company similar to AnnJoo whereby they can survive under competitive environment, without dumping from China. Good luck.

Posted by leoting > 2016-09-26 11:09 | Report Abuse

Ssteel its core competency is wire mech. Market leader.

Posted by ks5S > 2016-09-26 15:23 | Report Abuse

Must Buy;
This share par value is 1.00 . Superstrong share, At least go up to 1.50

Posted by ks5S > 2016-09-26 15:31 | Report Abuse

anjoo 2.15
ssteel at least 1.60

Posted by ks5S > 2016-09-26 15:38 | Report Abuse

SSteel = Superman Steel

Superman counter... sure fly very high

Posted by ymj1016 > 2016-09-26 15:59 | Report Abuse

still got more room to move.
at least same level with ann joo,
maybe next quarter result may help to push to that level.

Posted by tan5995 > 2016-09-26 16:06 | Report Abuse

this one like airasia .... move all the way up to 2.00