Posted by edward123 > 2017-08-17 12:05 | Report Abuse

Hi Bro BullCT, estimated around 800,00 MT rebar annually if all 3 plants is operational

Posted by edward123 > 2017-08-17 13:08 | Report Abuse

17/08/2017
Southern Pricing : (Morning) Maintain
Y16-32=Rm2420
Y10,12,Y40 &R10 =RM2570
R6,8,12,16,20&25=Rm2620 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2420
Y10,12,Y40 &R10 =RM2570
R6,8,12,16,20&25=Rm2620

Posted by leoting > 2017-08-17 13:13 | Report Abuse

It is soon going RM2500/MT, local contractors who did not make order previous quarter will cry. Whether you believe or not, Malaysia rebar is still among the cheapest countries in the World.

Posted by Adventure > 2017-08-17 13:25 | Report Abuse

Hi all Sifus, Is it too late to enter now?

Posted by VenFx > 2017-08-17 13:36 | Report Abuse

Accumulate below 1.95 slowly bfor Q2'17 ...
Hold after Q3 to win BIG

Posted by Adventure > 2017-08-17 13:48 | Report Abuse

Alright, Thanks sifu :D

Posted by BullCT > 2017-08-17 14:21 | Report Abuse

Hi Edward123, I heard lionind plant facing som problem now. Is that true?

Posted by notebook > 2017-08-17 14:23 | Report Abuse

annjoo plant got problem lion plant got problem, ssteel plant also got problem, tak mau beli saham besi lah....

Posted by jackfruit > 2017-08-17 14:52 | Report Abuse

Malaysia steel industry is a cartel industry. Steel prices are control by them.

Posted by yeekarwai 95 > 2017-08-17 14:52 | Report Abuse

lol,damn funny,haha.
by the way,ssteel 1.88 now!

Posted by yeekarwai 95 > 2017-08-17 15:07 | Report Abuse

waaaaa

Posted by yoloisreal > 2017-08-17 15:09 | Report Abuse

up too fast :D

Posted by VenFx > 2017-08-17 15:48 | Report Abuse

Ssteel , 接下来
卖了应该 买不回了吧 :)

Posted by goodluck999 > 2017-08-17 16:23 | Report Abuse

on the way to 2 ringgit.. very easily within this month

Posted by goodluck999 > 2017-08-17 16:23 | Report Abuse

congratulations to holders!!!

Posted by leoting > 2017-08-17 16:41 | Report Abuse

你要买铁？不要问价钱， 先问有没有货！！

Posted by KLCI King > 2017-08-17 16:42 | Report Abuse

Please check historical records before saying it is too fast. Many members here have been holding for more than 3 months when price was around 1.65-1.75.

yoloisreal up too fast :D
17/08/2017 15:09

Posted by yeekarwai 95 > 2017-08-17 16:50 | Report Abuse

i think RM2.00 is achievable next week

Posted by yoloisreal > 2017-08-17 17:19 | Report Abuse

no offense. I just thought price will shot up at Q3'17

Posted by VenFx > 2017-08-17 17:22 | Report Abuse

If , $3.50 is the ultimate goal propelled from explosive Q3 to be announced on Nov 17,
3.50 - 1.90 = $1.60 margin for expanding for the next 3 months,

An expecting of 0.530 each month from mid August shall be reflecting till the full milestone Of Nov17 .

Posted by thinking > 2017-08-17 18:18 | Report Abuse

@VenFx, insya-allah, pls hit your TP k, lol....

Posted by VenFx > 2017-08-17 18:25 | Report Abuse

Haha, take it slowly. ..
He has the patient will be the last laugh to the bank.

Posted by MrPauper > 2017-08-17 18:37 | Report Abuse

it is possible to hit 3.50 if next and subsequent quarters show promising performance. but i think the price might only hit rm2.50 - 2.80 by end of this year

Posted by Warn3r > 2017-08-17 18:56 | Report Abuse

VenFx. I really like your projection. Haha.
If Q2 EPS is 5 cents, Q3 EPS is 15-20 cents, then adding these on top of the 16.2 cents EPS in the past 2 quarters would give 36-41 cents. With continued uptrend in steel price suggesting an even better Q4, this is achievable. It's about time these steel counters break PE 7-8.

Let's cross our fingers.

Posted by VenFx > 2017-08-17 19:04 | Report Abuse

Yaa, great u like it..

We project We Test
If everything come together, wonderful investment.

Posted by Warn3r > 2017-08-17 19:09 | Report Abuse

MrPauper, 'only' RM 2.50- 2.80. Haha. XD
I also think this range is more likely (maybe almost guaranteed with the current price trend), with some hope that it can cross the RM 3.00 hurdle.

And, thanks for the advice earlier to grab more just before it went even higher.

Posted by ks5S > 2017-08-17 20:58 | Report Abuse

another 3 cents dividend coming.

Posted by leoting > 2017-08-17 21:07 | Report Abuse

https://leoting81.blogspot.my/2017/08/blog-post_17.html

Posted by VenFx > 2017-08-17 22:30 | Report Abuse

Add some honey into the sweet spot ,
中国人在大马扫货 ?

Hehe , i'm afraid that's naturally a certainty with YES !

Posted by Denster > 2017-08-17 23:29 | Report Abuse

Let's calculate in a simple way:
Eps: 4.6+8.67+7.54 + (7 Sen forecast +assumption)
= 27.81 Sen
Take average pE8
8*27.81sen = rm2.22 will be our first target price
Potential gain from rm1.90 still have 16% upside
Let's say 1.75 is first support ,
Risk :reward = 15sen :32sen
In term of risk to reward ratio, worth to give a try ~
Ride on the uptrend~
It's One of the gem in steel industry ~

Posted by calvintaneng > 2017-08-17 23:30 | Report Abuse

WAHAHA!

ANOTHER CHUN CHUN CALL OF CALVIN MAKING 100% NOW!!

HUHUHU!!!

Posted by Denster > 2017-08-17 23:31 | Report Abuse

If the upcoming result is much more excellent than 7sen of EPS, TP would b higher . I just calculate in conservative way~ i

Posted by calvintaneng > 2017-08-17 23:39 | Report Abuse

Posted by calvintaneng > Jan 2, 2015 09:33 AM | Report Abuse X

Southern Steel?

Hong Leong Bank Quek Leng Chan wanted to privatise Southern Steel at RM2.10 some time ago. However, there was opposition and they bidded up Southern Steel to over RM2.20. So the privatisation failed.

A similar case is Perak Corp which was offered to take private at RM3.90 but substantial owners rejected it thinking it was still too cheap a price. So the deal was called off. Subsequently Perak Corp crashed more than 40% to RM2.20.

Coming back to Southern Steel. After the privaisation failed the price crashed by 50% from RM2.20 to RM1.10.

Reasons were due to China Steel dumping. Hopefully, with the help of Malaysian Govt putting a restriction on cheap steel imports from China plus the impending implemention of massive public construction works the fortunes of Southern Steel will turn for the better.

Apart from Prestar, Southern Steel are the 2 steel companies that give good dividends year in and year out

Southern Steel is also one of 3 Long Steel makers apart from Masteel & Ann Joo Steel. With the Construction of Highways, More Highrise Condos, MRT & Bullet Train the demand for Long Steel will Surge further.

another chun chun spot on

Posted by MrPauper > 2017-08-17 23:59 | Report Abuse

I personally hope that it will cross rm3 by this year end too with some help from the exceptional good performance in q3 and a sustainable high asp coupled with reasonable cos and robust demand. Even if it is just rm2.40, i think a 100% return for a year isn't too bad a return.. hahaha.. letz celebrate together coming this year end

Posted by MrPauper > 2017-08-18 00:12 | Report Abuse

As for calvintaneng, the day you posted your recommendation on 2 jan 2015, ssteel price was around rm1.10. It was on a downtrend until the price slumped to as low as around rm0.70 in march 2016, equivalent to almost 40% loss. I don't know who will ever hold a stock for 40% paper loss without cutting loss with everyday have to hope for the price to turnaround. If i am your follower that time, i think i would have jumped down the bridge. You are more like writing a hundred of posts, when the price really jacked up then came out to claim credit. Maybe i should start to highlight a few stocks too hoping one day i can find some followers hoping they wont jump down the bridge

Posted by MrPauper > 2017-08-18 00:19 | Report Abuse

On the other end, i think credit should really be given to leoting and few others for being spot on in identifying the potential of uptrend in the steel industry, particularly long steel. Although i only started noticing leoting's blog posts after i bought into ssteel based on its improving fundamentals, he is really convincing in providing those affirmative information which is not easily available as an ordinary fa investor and i thanked him for that

Posted by zefftan > 2017-08-18 01:55 | Report Abuse

如何计算长钢制造商的成本？
我是这样演算的

profit margin = 100 x (profit / average selling price)
profit =average selling price - cost of goods sold
Hence,
profit margin /100 = ( average selling price - cost of goods sold ) / average selling price


打个比方 ssteel
过去的Q1 季度, profit margin 14.85% , ASP 游走于 RM2200 - RM 2340， 取中间RM2270

0.1485 = (RM2270 – x ) / RM2270
X = RM2270 – (0.1485 x RM2270)
X= RM1932 approximate
同样的公式算出：
annjoo的profit margin 21% ， 所以成本约 RM1800
lionind的profit margin 9.6% , 所以成本约 RM2050

结论 ：生产成本每吨 RM1800-2050 之间

这个是毛利率算法

实体盈利还要看 借贷成本等等

由于我不是身处钢铁行业，我是根据mathematical algebra 来计算，希望哪一位大哥可以指点一下是否正确

Posted by Warn3r > 2017-08-18 08:30 | Report Abuse

I like our problem. Our problem is projecting how high and far it will go and whose estimation will be more accurate.

Can't believe there's a guy who is doing a risk vs reward comparison. No offense. XD

Posted by yeekarwai 95 > 2017-08-18 08:43 | Report Abuse

hope today ssteel stand firm.

Posted by animate101 > 2017-08-18 09:03 | Report Abuse

差不多这个成本~+100rm/t,因为电极最近涨很够力~

Posted by Stock Kingdom > 2017-08-18 09:41 | Report Abuse

Repeat, Calvin always did that.


John Lu Sochai calvin give 100 stocks...when one of the stock jump after soany years of his call, he will jump out and claim credit..low life.
18/08/2017 02:14

Posted by VenFx > 2017-08-18 09:44 | Report Abuse

Ssteel CANTEKKKKKKKKK

很快 科技股的 朋友也发现
Steel Sector 的 潜力了

票买少见少

Posted by Stock Kingdom > 2017-08-18 09:44 | Report Abuse

After reading WealthWizard's posts, steel stocks come alive. Other than flat steel, I also bought ssteel @ 0.95 & sold all 1.25.

After reading all articles from leoting & comments from leoting & edward, I bought ssteel again at 1.70 & still holding.

So, anything to do with Calvin? Not a single cent related to him. Please don't claim something you don't deserve, Calvin.

Posted by Stock Kingdom > 2017-08-18 09:47 | Report Abuse

Also thanks zefftan for his articles sharing in i3 too, & many good people that contributed to this great ssteel & annjoo forums.

Posted by Stock Kingdom > 2017-08-18 09:49 | Report Abuse

长钢四侠 之 长钢三叠浪 【ANNJOO SSTEEL MASTEEL LIONIND】
http://klse.i3investor.com/blogs/zefftan/115800.jsp

Leoting's blog
https://leoting81.blogspot.my/

Worth to read again.

Posted by Stock Kingdom > 2017-08-18 09:52 | Report Abuse

Agreed to Venfx. Teck stocks have been running since the beginning of year, not much meat to eat there, those good one with great results already fairly valued.

Posted by VenFx > 2017-08-18 11:00 | Report Abuse

We dont know how high still Tech can go ,
but, no harm to diverse 40% from the Tech sector as furthur safe guard profit earn .

Sumoemore,
Steel Sector's prospect seem to be HUGE ROOM to growth for the next 2 years at least.

Posted by edward123 > 2017-08-18 11:13 | Report Abuse

Southern Pricing : (Morning) Up RM20/Mt
Y16-32=Rm2440
Y10,12,Y40 &R10 =RM2590
R6,8,12,16,20&25=Rm2640 (No Stock)

Amsteel Pricing : (Morning) Up Rm20/Mt
Y16-32=Rm2440
Y10,12,Y40 &R10 =RM2590
R6,8,12,16,20&25=Rm2640

18/08/2017 11:13

Posted by leoting > 2017-08-18 11:23 | Report Abuse

@edward123 Good day, Edward, Any idea of shipping fee for billet from Port Klang/Penang Malaysia to China?

Posted by edward123 > 2017-08-18 11:37 | Report Abuse

Hi Leo, estimated cost should be around RM40/Mt based on 20,000Mt loading ships to China.