Posted by Edwardljhoo > 2017-07-31 12:18 | Report Abuse

Bro Warn3r, u r right on HY and SSteel report

Posted by Warn3r > 2017-07-31 15:29 | Report Abuse

Good afternoon to you, bro Edward.

Posted by Edwardljhoo > 2017-07-31 16:43 | Report Abuse

Good Evening to you Bro Warn3r

Posted by yeekarwai 95 > 2017-07-31 16:57 | Report Abuse

lol? ssteel is the only one stay positive in steel sector.

Posted by Ananas > 2017-08-01 07:06 | Report Abuse

钢联资讯:
7月31日，国内大宗商品普涨，黑色系强势上涨，铁矿石维持涨停，化工品偏强，农产品[股评]走势分化。截止下午收盘，螺纹钢涨4.71%、铁矿石涨7.95%、热卷涨3.79%、焦煤涨5.70%、焦炭涨5.85%.
Today steel price up or down??? cant imagine.

Posted by Edwardljhoo > 2017-08-01 10:54 | Report Abuse

Southern Pricing : (Morning) maintain
Y16-32=Rm2300
Y10,12,Y40 &R10 =RM2450
R6,8,12,16,20&25=Rm2500 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2300
Y10,12,Y40 &R10 =RM2470
R6,8,12,16,20&25=Rm2500

AJ & Masteel cheaper by RM30/mt in all sizes.

Posted by Albukhary > 2017-08-01 12:14 | Report Abuse

Hi Edward, both Southern Steel and AnnJoo are based on Southern Region, why AnnJoo price is cheaper than Southern by RM30 per mt? Is it because Annjoo has lower cost, so it can sell at lower price; or because Southern product are better quality, so can demand for extra RM30 premium.

Posted by Albukhary > 2017-08-01 12:55 | Report Abuse

Sorry, I mean both of them are based on Northern region.

Posted by Edwardljhoo > 2017-08-01 13:33 | Report Abuse

Hi Bro Albukhary, to be in fact AJ have cheaper cost compare to SS & AS that y can sell cheaper but have better profit margin compare to others. See the Annual report and you can understand.

Posted by Stock Kingdom > 2017-08-01 21:55 | Report Abuse

Thank you for sharing by all, what a great conversations & exchange of opinions, but Soon here will be polluted & flooded with sour grapes comments once it shoots up & become hot.

Posted by warmblood > 2017-08-01 22:12 | Report Abuse

Hi all,
Anyone of you got news of Ssteel?
As rumors said got some machine breakdown on q2 or q3

Posted by Albukhary > 2017-08-01 23:20 | Report Abuse

Warmblood, the one with machine breakdown is AJ lah, not SS.

Posted by Edwardljhoo > 2017-08-02 09:50 | Report Abuse

Southern Pricing : (Morning) Up Rm20/mt
Y16-32=Rm2320
Y10,12,Y40 &R10 =RM2470
R6,8,12,16,20&25=Rm2500 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2320
Y10,12,Y40 &R10 =RM2470
R6,8,12,16,20&25=Rm2520

Posted by Edwardljhoo > 2017-08-02 09:50 | Report Abuse

Sorry Amsteel also up RM20/mt

Posted by godhand > 2017-08-02 09:50 | Report Abuse

when will restock brother edward

Posted by Edwardljhoo > 2017-08-02 10:02 | Report Abuse

Bro Godhand, what do u mean by restock??

Posted by MrPauper > 2017-08-02 15:46 | Report Abuse

i guess he mean restock of those r6, r8, etc..

Posted by Edwardljhoo > 2017-08-02 16:22 | Report Abuse

O Bro MrPauper, I don't think they will restock this size R6 and above as this is not common size therefore will not produce as this will affect production volumes.

Posted by zexon > 2017-08-02 16:30 | Report Abuse

What is the daily production capacity of Annjoo and SSteel?

Posted by thinking > 2017-08-02 17:37 | Report Abuse

is it true that ssteel doesnt have enough billet production capacity for own consumption, that's why it has to source from competitors or import, hence resulting in lower margins?

Posted by Edwardljhoo > 2017-08-03 10:48 | Report Abuse

Southern Pricing : (Morning) Maintain
Y16-32=Rm2320
Y10,12,Y40 &R10 =RM2470
R6,8,12,16,20&25=Rm2500 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2320
Y10,12,Y40 &R10 =RM2470
R6,8,12,16,20&25=Rm2520

Posted by Edwardljhoo > 2017-08-03 10:49 | Report Abuse

Bro Zexon, depends on orders received that will define production capacity

Posted by Edwardljhoo > 2017-08-03 10:51 | Report Abuse

Bro thinking, SSteel billets production is always depends on scrap availabilities, if not enough will source from local or overseas for cheaper cost.

Posted by invest_101 > 2017-08-03 12:32 | Report Abuse

Hi all, good sharing and discussion among this thread and well appreciated. Just want to bounce the recent write off in their investment in Southern HRC Sdn Bhd (Hot Rolled plant). Any feedback/update/comments on the progress and or status of the arbitration. RM141 was provided in Q4 2016 and wonder if there would be any recovery or further provisions from counter suit by Danieli.

Posted by Edwardljhoo > 2017-08-03 14:16 | Report Abuse

invest _101, HRC is still deem classified as no idea about the write off yet but there is a series of revival for SHRC ongoing.....

Posted by Edwardljhoo > 2017-08-04 08:58 | Report Abuse

Southern Pricing : (Morning) Up Rm20/mt
Y16-32=Rm2340
Y10,12,Y40 &R10 =RM2490
R6,8,12,16,20&25=Rm2540 (No Stock)

Amsteel Pricing : (Morning) Up Rm20/mt
Y16-32=Rm2340
Y10,12,Y40 &R10 =RM2490
R6,8,12,16,20&25=Rm2540

Posted by thinking > 2017-08-04 10:41 | Report Abuse

thanks bro Edward for your timely update on pricing!

Posted by Martin99 > 2017-08-04 11:56 | Report Abuse

During June is RM1920-1950/MT ,
During the first week of July stable at RM1980/MT,
07th increase to RM2000/Mt,
10th increase to Rm2050,
14th increase to RM2080,
17th increase to RM2100
19th increase to RM2120

Today
Y16-32=Rm2340
Y10,12,Y40 &R10 =RM2490
R6,8,12,16,20&25=Rm2540 (No Stock)

Never stop yet.....^_^

Posted by leoting > 2017-08-04 13:09 | Report Abuse

Simply extra 15% of profit margin of at least 600 millions revenue. This is very simple calculation.

Posted by leoting > 2017-08-04 13:31 | Report Abuse

I personally hope it can give us a PBT 100 millions on 3rd quarter

Posted by abang_misai > 2017-08-04 13:32 | Report Abuse

If leothing's prediction is right, ssteel will shoot up to RM4.00 after result.

Posted by Warn3r > 2017-08-04 14:49 | Report Abuse

That extra 15% profit margin would roughly translate into an EPS of around 16-20 cents for Q3 alone. 0_o'!

If things just continue to maintain for the following quarters after Q3. We're looking at 60-80 cents EPS per year?

That's scary. Doubting my own calculation... PE 8-10 would give us...

XD

Posted by leslieroycarter > 2017-08-04 17:08 | Report Abuse

Leonfb also pe 6+ , cheaper entry price n also in the move now....

Posted by zefftan > 2017-08-04 18:31 | Report Abuse

Long products manufacturer will tend be more beneficial under national infra development as compared to steel service provider (downstream) such as leonfb
Leonfb should be having one off gain 40m in coming result

Posted by leslieroycarter > 2017-08-05 14:36 | Report Abuse

Why steel counters r all having v low PE n hench its stock price also underperformed.

Posted by zefftan > 2017-08-05 14:38 | Report Abuse

Because people don't have confidence towards it and perceive it as a super volatile business

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

Commodities like steel and aluminium wait till nov or dec then play due to china winter coming and cutdown.

Can have a look at Heveaboard(5095) stock due to

1) resilient business model;
2) excellent track record against its peers;
3) commendable future earnings growth;
4) sturdy balance sheet with net cash of 18 sen/share; and
5) attractive dividend yield of over 4%.
6) production of premium grade particleboards
7) Venture into gourmet fungi business for local market by utilizing waste
8) Anticipating strong demand from Japan
9) New manufacturing plant 85% complete by 4th Q and able to boost capacity by 15% to 20% (Currently, Heveaboard has the capacity to produce up to 600 containers of furniture per month.)

Posted by Warn3r > 2017-08-05 15:55 | Report Abuse

Hi bro Zeff Tan. If you don't mind me asking, are you vested in other long steel counters beside ssteel?

I'm only holding ssteel. ^^

Posted by MrPauper > 2017-08-05 16:13 | Report Abuse

For me, i will find the most undervalued counter in the industry to invest in due to its share price appreciation potential. When there is enough homework done, then 1 counter will do. Truat yoirself

Posted by ks5S > 2017-08-06 11:21 | Report Abuse

http://www.thestar.com.my/business/business-news/2017/07/31/china-shut-424-million-tonnes-of-steel-capacity-in-the-first-half/

Good news for steel price.

Posted by yeekarwai 95 > 2017-08-06 11:33 | Report Abuse

old news

Posted by Edwardljhoo > 2017-08-07 09:42 | Report Abuse

Southern Pricing : (Morning) Up Rm10/mt
Y16-32=Rm2350
Y10,12,Y40 &R10 =RM2500
R6,8,12,16,20&25=Rm2550 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2340
Y10,12,Y40 &R10 =RM2490
R6,8,12,16,20&25=Rm2540

Posted by zexon > 2017-08-07 09:50 | Report Abuse

Thanks Edward!

Posted by zefftan > 2017-08-07 10:49 | Report Abuse

Warner: all 3 except MASTEEL

Posted by thinking > 2017-08-07 12:23 | Report Abuse

Bro zefftan, may I know why not masteel?

Posted by yeekarwai 95 > 2017-08-07 13:43 | Report Abuse

why i heard many rumors about may not provides good result in steel counters recently?

Posted by TrippleZ > 2017-08-07 13:47 | Report Abuse

You said yourself....Is a rumour

Posted by soonadol > 2017-08-07 13:48 | Report Abuse

Steel manufacturers to challenge safeguard duty in court
TheEdgeMon, Aug 07, 2017 - 4 hours ago

KUALA LUMPUR: The Steel Wire Association of Malaysia (SWAM) has obtained leave to pursue a court challenge against safeguard duties imposed by the international trade and industry ministry (Miti) on imported steel wire rods (SWR) and deformed bar in coils (DBIC).

Granted by the Kuala Lumpur High Court last week, the leave paves the way for the association to seek a court order to quash the safeguard duty, people familiar with the matter told The Edge Financial Daily.

The judicial review is only for the safeguard duties for SWR and DBIC, which was announced on April 13. The proceedings do not involve safeguard duties on imported steel concrete reinforcing bar (rebar) which was also announced on the same day.

It is learnt that the proceedings involve SWAM and Miti. The Malaysian Steel Association (MSA), whose petitions last year initiated the safeguard investigations that culminated in the safeguard duties, had applied to be part of the proceedings.

Rebar is mainly used for construction activities in Malaysia whereas SWR and DBIC are used by downstream steel manufacturers — many of whom are SWAM members — to produce steel wire mesh, fending and fasteners such as nuts, bolts and nails.

The duties for SWR and DBIC begin at 13.9% for the year up to April 14, 2018, then 12.9% and 11.9% respectively for the subsequent two years. Meanwhile for rebar, imports are slapped with a 13.42% import duty for 12 months up to April 13, 2018, followed by 12.27% and 11.1% each for the subsequent two years.

To recap, Miti had imposed the two duties after concluding two parallel safeguard investigations, which it initiated following safeguard petitions by the MSA in June 2016.

During the three-year period of safeguard duties, the petitioners would have to implement the individual adjustment plans submitted alongside their petitions. While plans vary, the steel mills had generally aimed to boost efficiency and productivity by improving processes and investing in plant upgrades and modifications, among others.

“During the implementation phase, the government reserves the right to review and make changes to the safeguard measures after taking into consideration various circumstances such as the adjustment plan,” Miti told The Edge Malaysia weekly last April when asked about the adjustment plan.

The MSA petitioners are Ann Joo Steel Bhd, Southern Steel Bhd, Malaysia Steel Works (KL) Bhd as well as Lion Industries Corp Bhd’s subsidiaries Amsteel Mills Sdn Bhd and Antara Steel Mills Sdn Bhd.

They had claimed that the domestic producers of rebar, SWR and DBIC were substantially hurt by surging imports between Oct 1, 2012, and Sept 30, 2015, which caused them to lose market share, downsize workforce and scale back operations.

Collectively, the participating steel mills account for 73.4% of local rebar output and 100% of local SWR and DBIC production.

The petitions were strongly objected to by various steel industry players who use the three steel products as raw materials because the additional duties would increase their procurement costs, hurting profit margins.

For rebar, the objecting players had included the Master Builders Association Malaysia and the Malay Contractors Association Malaysia.

Meanwhile, SWAM — whose members include public-listed manufacturers such as Chin Well Holdings Bhd, Engtex Group Bhd, Leader Steel Holdings Bhd and YKGI Holdings Bhd — had raised concerns over the safeguard petition for SWR and DBIC.

“During the investigations, the government assessed the issues and concerns submitted by all interested parties in accordance with the Safeguards Act 2006 and Safeguards Regulations 2007,” said Miti when announcing the imposition of the safeguard duties in April.

Posted by yeekarwai 95 > 2017-08-07 13:54 | Report Abuse

i dont know why have all these rumors, steel price is looking good and incrasing.

Posted by soonadol > 2017-08-07 13:54 | Report Abuse

Price surges must have drove them crazy.