Posted by ks5S > 2017-05-13 12:01 | Report Abuse

strong fundamental . Good to accumulate more for any correction . Uptrend still intact,

Posted by CanCan168 > 2017-05-13 12:18 | Report Abuse

is it....looks like it lost steam!

Posted by ks5S > 2017-05-13 14:57 | Report Abuse

next quarter maybe explosive profit and dividend 4 cents as the outlook is very good for steel.

Posted by ks5S > 2017-05-13 15:19 | Report Abuse

you sell , i ready to buy more.

Posted by tc2012 > 2017-05-13 15:38 | Report Abuse

what is your tp ?

Posted by MrPauper > 2017-05-13 16:45 | Report Abuse

Looking forward to receive my very first dividend from SSTEEL and much more to come in the near future ! Muahaha !

Posted by ks5S > 2017-05-13 18:33 | Report Abuse

s.steel at least 2.30
look at mpi... last time losing money and down to 4.80. After that make money back and outlook reverse to positive, share price move to 13.00 and still continue to move up with better outlook.
You only sell your stock when the industry outlook is negative and not selling when just started to turnaround.

Posted by vinc3362 > 2017-05-14 10:19 | Report Abuse

Agree with ks5s....It is not often to have the opportunity to invest in turnaround stories. Especially if it is industrial wide and with a high certainty of fruition. My internal value for ssteel is RM3, base on an annualised EPS of 30sen at PE10. However, this personal value will change with market conditions and as we progress along with each quarterly earnings report. These steel plays are to me a defensive group of shares in the event of an unforeseen market crash and, its share price will be well supported by profits and dividends, unlike most stocks being touted currently in the market with flimsy M&A deals, contracts or whatsoever. Cheers

Posted by leslieroycarter > 2017-05-14 10:29 | Report Abuse

unless the co is willing to pay div or else it will come to naught . U see what has happened to Latitude , no div n so the share dropped rock bottom . Another one is Keck Seng , poor div but reserved in Billion n the share plummeted to below 5. So do not expect garand div when the management is too stingy to share the fruits of success.

Posted by MrPauper > 2017-05-14 11:42 | Report Abuse

leslieroycarter, you can check the history of ssteel and the other hong leong group related counters and you will realise the distribution of dividends

Posted by MrPauper > 2017-05-14 11:43 | Report Abuse

Anyhow, i don't expect ssteel to distribute dividend every quarter. Perhaps the next one after september 17 results

Posted by Albukhary > 2017-05-15 09:42 | Report Abuse

Tan Sri Quek has substantial shareholding in Ecoworld International and Guocoland.
Especially Ecoworld which have thousand acre land to be developed at Penang.
Can I expect that all their properties project will secure their steel from SSTEEL?

Posted by yeekarwai 95 > 2017-05-15 10:40 | Report Abuse

press down before exdate?

Posted by nicky11 > 2017-05-15 10:44 | Report Abuse

Hi Albukhary, it should be yes.. Own project high chance to support their nowni product with cheaper price.

Posted by MrPauper > 2017-05-15 12:03 | Report Abuse

This Ssteel is a long term play. The bigger players are not too interested in the short term current price valuation. Instead for the moment, they are more interested in pushing down the price so that they can buy at much lower price to earn the same 3 sen dividend. Why buy high when you can get it at much lower price. Those who wanna sell should sell much earlier and not at immediate pre-ex-date. After the ex-date, the price should be recovering gradually.

Posted by Up_down > 2017-05-15 12:19 | Report Abuse

It's an opportunity to build up larger position while waiting for another good QR three months later

Posted by yeekarwai 95 > 2017-05-15 13:10 | Report Abuse

hahaha

Posted by Up_down > 2017-05-15 13:13 | Report Abuse

I only know the basic theory....Share market is always stayed ahead of the real economy at least 6 months. lol

Posted by Leonardo12 > 2017-05-15 13:19 | Report Abuse

Collected some lots. Good to collect during weakness

Posted by tempac > 2017-05-15 16:18 | Report Abuse

I get 3 sen dividend if I buy today since ex-date is 16 may, right?

Posted by yeekarwai 95 > 2017-05-15 17:14 | Report Abuse

yes,you are right.

Posted by tempac > 2017-05-15 17:16 | Report Abuse

Bought just now, haha.

Posted by ilovehits > 2017-05-16 19:29 | Report Abuse

Assume that the EPS is 7 sen per quarter for next quarter, EPS is about 27.81 sen for the whole year.

4.60 + 8.67 + 7.54 + 7.00 = 27.81

TP1 = RM2.25, potential upside 35%. Based on 8 PE ratio.
TP2 = RM2.78, potential upside 66%. Based on 10 PE ratio.

I count here and count there, TP still above 2.00.

Posted by ks5S > 2017-05-16 19:34 | Report Abuse

after dividend, it is time to slowly move up above 2.00

Posted by yeekarwai 95 > 2017-05-17 17:04 | Report Abuse

waiting waiting

Posted by farinsight > 2017-05-18 16:04 | Report Abuse

top up some today ....

Posted by thinking > 2017-05-19 11:00 | Report Abuse

its valuation has to catch up with Ann Joo, now just too undervalued

Posted by Up_down > 2017-05-19 11:24 | Report Abuse

Ssteel follows An Joo up today. Tomorrow it may follow MAsteel up, Mycron up, Csc.... non stop follow up up.

Posted by yeekarwai 95 > 2017-05-19 12:18 | Report Abuse

look like difficult to go up,keep press down

Posted by nicky11 > 2017-05-19 13:10 | Report Abuse

Is it of recent conversion loan stocks impacted SSTEEL share price?

Posted by cl1122 > 2017-05-19 17:06 | Report Abuse

Pressing down mean accumulation. Stay chill

Posted by Ahbeng11 > 2017-05-19 17:12 | Report Abuse

Good steel counter, not too popular but is a stable counter, the management style can refer to hlind. Very undervalue steel counter but safer

Posted by nicky11 > 2017-05-19 17:19 | Report Abuse

Annjoo, Masteel & Lionind are flying now but Ssteel still steadily move up...lolz

Posted by yeekarwai 95 > 2017-05-19 17:58 | Report Abuse

far lag behind masteeel and annjoo

Posted by Op3rs > 2017-05-19 17:59 | Report Abuse

is time to move up man

Posted by cheoky > 2017-05-19 21:00 | Report Abuse

Leoting became steel Sifu. In Ssteel management I trust...

Posted by nicky11 > 2017-05-20 23:33 | Report Abuse

http://www.sunsirs.com/uk/prodetail-927.html
China rebar price move up again. So, indirectly means Malaysia​ rebar price also up?

Posted by Up_down > 2017-05-21 12:54 | Report Abuse

Good news to Ssteel....

Posted by solaris80 > May 21, 2017 12:31 PM | Report Abuse - from Ann Joo

News has been confirmed this was unscheduled break down. They are facing some technical glitches of blast furnace. Their blast furnace supplier from China "Tangshan" was reluctant to provide any technical support to them as they is a court case on going. As such, manufacturer is looking for technical expertise from overseas. Thing has become more complex now as they have wasted almost three weeks and still unable to resolve the issue. As such, they will take this chance to proceed with major overhaul. Hope management can resolve the issue asap.

Posted by nicky11 > 2017-05-21 13:20 | Report Abuse

Annjoo have huge inventories to clear during this period, it won't impact too much if the down time is shorter. Anyway, it is good news to SSTEEL & hopefully SSTEEL's tool can operate smoothly.

Posted by Andry007 > 2017-05-21 15:59 | Report Abuse

annjoo blast furnace down is not a good news at all to ssteel, as annjoo still can operate the electric arc furnace with 100%scrap metal like what ssteel is operating.

Posted by Up_down > 2017-05-21 17:25 | Report Abuse

The main purpose of having hybrid production is to take advantage of the situation. With low prices of coal, Anjoo can't stand a good chance by using blast furnace for producing products at lower costs. Is it not good to Ssteel.......unless the information supplied by Solaris is fictitious. lol

Posted by nicky11 > 2017-05-21 17:44 | Report Abuse

If no blast furnace, Annjoo cost effectiveness will be reduced.
By the way, the RSI (9 days) for SSteel is just 25...It is oversold...

Posted by farinsight > 2017-05-22 10:33 | Report Abuse

ann joo is flying today, next ssteel wll follow ... keep up up up

Posted by yeekarwai 95 > 2017-05-22 11:29 | Report Abuse

break NEW HIGH!!

Posted by Up_down > 2017-05-22 11:30 | Report Abuse

The price is so strong today. @@

Posted by ks5S > 2017-05-22 11:41 | Report Abuse

this week will break 1.80 and moving to 1.90

Posted by lanjiolang > 2017-05-22 12:19 | Report Abuse

i think today can make it. hehehe...

Posted by abangadik > 2017-05-22 12:24 | Report Abuse

this of course should run up. if lionind, megasteel also can go.. this should go up with Annjoo..

Posted by yeekarwai 95 > 2017-05-22 17:03 | Report Abuse

Fail to maintain 1.75,closing price 1.72.

Posted by nicky11 > 2017-05-22 17:17 | Report Abuse

Ssteel need to kiasu abit, Don't lag behind your peers..lolz