Posted by ks5S > 2017-01-06 05:26 | Report Abuse

you can see quek leng chan / guocoland is now partner with eco world to do business, He can;t fight the market alone,... he need partner to become stronger.....
now steel industry is in recovery stage..... his general will be working something to make sure a strong turnaround... if not his general head will be in chopping board....

Posted by ks5S > 2017-01-06 10:06 | Report Abuse

this stock is super undervalue.
you don't buy, Dr Yu of YNH will buy. See how he accumulate HL Capital when it is super undervalue

Posted by WealthWizard > 2017-01-06 10:43 | Report Abuse

I am in the process of writing article for Steel industry & SSteel, hope can finish off over the weekend.

What I can say now is that rebar price in Malaysia & China has gone up 30%+ since 30/9/2016.

Posted by cooldownguy86 > 2017-01-06 11:42 | Report Abuse

Alot of payables in euro. Not sure if this is a concern

Posted by mbs7633 > 2017-01-06 14:52 | Report Abuse

Most of good fundamental steel counters up 100% within a year, except for this SSTEEL. Based on forward p/e ratio, it worth rm1.84, 50% potential upside there.

Posted by mbs7633 > 2017-01-06 14:56 | Report Abuse

Based on forward p/e ratio and bright future for rebar, SSTEEL may come after CSCSTEL and MYCRON, better buy some.

Posted by mbs7633 > 2017-01-06 15:04 | Report Abuse

SSTEEL has formed a bullish engulfing candle to close above the EMA9 level with high volumes. The MACD Histogram has turned green, while the RSI continues to trend above 50. Monitor for a breakout above the RM1.25 resistance level to target the RM1.34-RM1.43 levels. Support will be pegged around the RM1.19 level.

Source: Mplus Online Research - 6 Jan 2017
http://klse.i3investor.com/blogs/MplusOnline/113184.jsp

Posted by MrPauper > 2017-01-06 15:29 | Report Abuse

Cheap sale ! Come come come ! Grab some while stocks last !

Posted by Albukhary > 2017-01-06 18:39 | Report Abuse

cooldownguy86, if you look at the last quarter report, you will realised that the Trade Payable has reduced substantially. The company has increase its borrowing in RM to payoff its trade payable in USD or EUR. The company made a good decision, as USD has strengthen so much compare with few months ago.

Posted by elvingan > 2017-01-07 01:07 | Report Abuse

ssteel will to RM 1.80 coming soon...hihi~ BUY AND HOLD Long time

Posted by Johnnys > 2017-01-07 07:20 | Report Abuse

RM 1.8 after Feb should be no problem.

Posted by MrPauper > 2017-01-07 14:22 | Report Abuse

My TP call :-
1 mth - 1.80
3 mth - 2.20
6 mth - 2.50
9 mth - 3.00

Posted by ks5S > 2017-01-08 09:43 | Report Abuse

next week definitely and 100% sure at 1.38

Posted by Albukhary > 2017-01-08 16:14 | Report Abuse

Waiting for Wealth Wizard article

Posted by gcke > 2017-01-08 16:22 | Report Abuse

The Technical Price Charts for this stock showed the followings:
1.The price uptrend is intact;
2.The MACD is slightly above the Signal Line.Above the neutral axis.Showed slightly bullish for this stock.
3.The Relative Strength Index(RSI) showed buying momentum.Line above 50.0.
Normally,companies under Tan Sri Quek Leng Chan,Hong Leong big honcho are well managed and pay good dividends.Hope this counter can still provide reasonable returns to investors.
There is still room for the uptick in price.Good luck.

View the charts:http://www.malaysiastock.biz/Stock-Chart.aspx?securitycode=5665

Posted by manji > 2017-01-08 16:38 | Report Abuse

MrPauper
stop dreaming highest can reach rm2

Posted by MrPauper > 2017-01-08 20:43 | Report Abuse

@manji, dare to dream.. But dream of a realistic one.. If you are merely looking at rm2, go to look at another counter.. Having said that, it all depends on the performance of the recently concluded quarter.. We shall see who have the last laugh.. haha

Posted by mbs7633 > 2017-01-09 11:57 | Report Abuse

Still waiting analysis report from WealthWizard. Please don't let us wait too long.

Posted by leoting > 2017-01-09 12:47 | Report Abuse

he is still grab his head for data analysis..

Posted by mbs7633 > 2017-01-09 13:04 | Report Abuse

Then I will do my part first.

Posted by moneySIFU > 2017-01-09 14:59 | Report Abuse

Busy buying this ssteel.... :)

Posted by WealthWizard > 2017-01-09 15:09 | Report Abuse

Sorry for late, I am still working on the report as I was tight up with something else over the weekend. I changed my format to have all in one, no more part 123. May need 2 more days.

Posted by WealthWizard > 2017-01-09 15:11 | Report Abuse

Rebar price in Malaysia has gone up steadily & firmly for more than 30% since 30/9/2016. In line with those rebar price in China.

http://klse.i3investor.com/files/my/blog/img/bl2751_rebar_price_in_malaysia_20152016_chart_1.jpg

Posted by nicky11 > 2017-01-09 15:14 | Report Abuse

Hi WW, thanks for your effort.
Lolz, have to buy before your report out. If not, have to buy at higher price already

Posted by mbs7633 > 2017-01-09 15:35 | Report Abuse

There are some reasons why you should buy now.

1 TA shows that SSTEEL has moved from downtrend to uptrend.
http://klse.i3investor.com/blogs/MplusOnline/113184.jsp

2 Provisional safeguard duties on rebar and steel wire rod started from 26 sept 2016.
http://www.miti.gov.my/miti/resources/Media%20Release/PR-ENG-PD_REBAR_SWR_vF.pdf

3 China rebar price has increased 30% started from 26 sept to 26 dec 2016.
http://steelbenchmarker.com/files/history.pdf

Waiting for your analysis report. Be confident since moneySIFU, WealthWizard and superman99 are also here.

Posted by ks5S > 2017-01-09 15:45 | Report Abuse

BUYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY

Posted by moneySIFU > 2017-01-09 15:51 | Report Abuse

Thank you for great sharing, WealthWizard & mbs7633!!!

Posted by Albukhary > 2017-01-09 16:12 | Report Abuse

Haha, wealth wizard's report is now more popular than Investment Bank report d.
I believe many Research House is waiting for your report, so they can copy and paste into their own report..

Posted by skyjet > 2017-01-10 07:40 | Report Abuse

Any link we can trace rebar price in Malaysia?

Posted by nicky11 > 2017-01-11 17:22 | Report Abuse

Hope to read WealthWizard's analysis soon~

Posted by Johnnys > 2017-01-11 19:27 | Report Abuse

flushing retailer. be patient.

Posted by WealthWizard > 2017-01-12 11:37 | Report Abuse

China Rebar price has increased 35% since end of Sept, you may refer below link:
http://www.100ppi.com/vane/detail-927.html

Posted by WealthWizard > 2017-01-12 11:40 | Report Abuse

Malaysia Rebar price has increased more than 30% since end of September & you may refer rebar price from MITI's weekly bulletin.

http://www.miti.gov.my/index.php/pages/view/3060?mid=73
http://www.miti.gov.my/miti/resources/MITI%20Weekly%20Bulletin/MITI_Weekly_Bulletin_Volume_417_-_22_December_2016.pdf
(Page 10)

Posted by WealthWizard > 2017-01-12 11:45 | Report Abuse

Sorry for the late, the report still in the process, many things to handle before CNY

Posted by gcke > 2017-01-12 11:50 | Report Abuse

The stock price is above the BB(10,2,close) line and on the uptrend gradually.Also the MACD is above the Signal Line which signalled buying support.The price momentum support for an sudden downtrend in price is good.The RSI showed the stock is slightly overbought.

Summing up on the Technical Price Charts the uptrend in price will continue.While on the way up,there will be some corrections.

Looked at the chart:http://www.malaysiastock.biz/Stock-Chart.aspx?securitycode=5665

Good luck and enjoyed the investment journey with this stock.The company major shareholders is the patriarch of the Hong Leong group companies.Tan Sri Quek Leng Chan had the magical entrepreneur streak in many companies he owned.Just to share.

Posted by mbs7633 > 2017-01-15 14:37 | Report Abuse

Based on last few years record, QR will be released at the end of Jan or the beginning of Feb. Very close now.

http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5665

Posted by Star8888 > 2017-01-17 09:47 | Report Abuse

WealthWizard, not yet see your article about SSTEEL. Wish to see it soon. Thank you.

Posted by Zai Zai > 2017-01-18 09:27 | Report Abuse

i'm collecting this stock since 5th of jan
just notice this stock is undervalue.
beside that, the merge btw annjoo and ssteel is incorrect statement,
I will inform more later

Posted by MrPauper > 2017-01-18 10:15 | Report Abuse

Zai zai, the actual proposal is ssteel taking over annjoo ?? Haha

Posted by Zai Zai > 2017-01-18 11:45 | Report Abuse

lolz mr.pauper

Posted by moneySIFU > 2017-01-19 20:19 | Report Abuse

Me too, collecting since mid of Dec 2016, stopped for 2 weeks & started again these few days & today, now ssteel has made up 20% of my total stock portfolio.

Posted by MrPauper > 2017-01-22 02:02 | Report Abuse

Silver lining for the local steel industry?
http://www.thestar.com.my/business/business-news/2017/01/21/silver-lining-for-the-local-steel-industry/

Posted by Blue Planet > 2017-01-25 12:12 | Report Abuse

StarBiz: Earnings up-cycle seen for steel companies
http://klse.i3investor.com/blogs/stockinnews/114652.jsp

For sharing knowledge only.

Posted by Blue Planet > 2017-01-25 12:15 | Report Abuse

3 major beneficiaries from the increase in steel price since September 2016
1. Ann Joo Resources (Annjoo)
2. Southern Steel (SSteel)
3. Malaysia Steel Works (Masteel)

Posted by Blue Planet > 2017-01-25 12:15 | Report Abuse

In term of revenue, Southern Steel is the leader

Posted by nicky11 > 2017-01-25 14:42 | Report Abuse

Thanks for sharing. I grab some SSTEEL recently because it has bigger room to growth. Hopefully this coming QR won't disappointed me.

Posted by Warn3r > 2017-01-26 09:32 | Report Abuse

Bought quite a lot earlier (30% of my portfolio) at higher price of 1.29. Finger crossed the EPS in the coming QR can at least be 8 cents. Annualized EPS 32 cents. PE 5.5 - 6. TP 1.8 and above.

Posted by mbs7633 > 2017-01-26 11:11 | Report Abuse

It is considered good if EPS is better than previous QR. MPI profit breaks new high, hope SSTEEL also can. This few days buy rate quite high.

Posted by MrPauper > 2017-01-26 12:04 | Report Abuse

Actually the average local steel price for 4Q16 was slightly better than 3Q16, so it is anticipated that the profit margin and earnings will reflect this.

But what is more interesting is that the average price throughout January 2017 thus far is already equivalent to the peak level back in April 2016. If only this price level can sustain or better still continue to improve gradually throughout 2017 given the full utilisation of cheap imports by now, the impact is massive !

Embracing for a much much better 2Q17 and 3Q17 !!! Cheers !

Posted by MrPauper > 2017-01-26 12:31 | Report Abuse

Thus far, Ssteel is benefiting from recovery of price => Improvement in margin

But soon, it will start to benefit from recovery of volume => Improvement in total contribution

When there is recovery of both price + volume => Huge improvement in Profit !!!