Posted by zexon > 2017-09-19 16:38 | Report Abuse

So Q3 revenue should more than 800 mil

Posted by VenFx > 2017-09-19 20:37 | Report Abuse

Pivotal point set at $2.43 :)

Posted by hotsteel > 2017-09-19 22:17 | Report Abuse

tomorrow bounce back

Posted by MrPauper > 2017-09-20 00:53 | Report Abuse

There is still some time from release of results in November and seems that there is no more leg to push the price higher. I suppose that it is about time for some short term rest and profit taking before resuming in November. Cheers !

Posted by ming > 2017-09-20 01:36 | Report Abuse

Dont think it will stagnant until nov qr.. this few days should able move again..
Actually the latest highest closing price compare today closing price.. few cents different only

Posted by ming > 2017-09-20 01:38 | Report Abuse

I mean the daily closing price, instead of highest point during intraday

Posted by antidebt > 2017-09-20 07:20 | Report Abuse

Rebound

Posted by VenFx > 2017-09-20 09:55 | Report Abuse

Anyone Sellers here ?

Posted by thenextwave > 2017-09-20 09:59 | Report Abuse

no one want to sell. Good company.
maybe bonus issue coming.

Posted by VenFx > 2017-09-20 15:18 | Report Abuse

I love it , if can touch 2.33

Posted by darkstar > 2017-09-20 16:20 | Report Abuse

Ooo

Posted by Rukawa > 2017-09-20 17:25 | Report Abuse

Accumulated some again, investing is simple, buy on correction, sit back and relax, wait for the surge later.

Posted by MrPauper > 2017-09-21 01:33 | Report Abuse

Rehda president FD Iskandar blamed that imported steel duty causes the price to rise from rm1,700 to rm2,800. I wonder whether he is aware of what is happening around everyday. He is complaining of margin thinning to 15% from 17% and investors might ditch property construction companies. But does he know how much suffering steel companies had endured previously to the extent that some failed to survive? If steel industry in malaysia is to collapse, property developers will not be far off better. Time to wake up, Iskandar

Posted by thinking > 2017-09-21 08:30 | Report Abuse

should ask him when steel prices were depressed prior to 2016, were property prices anywhere near cheap?

Posted by edward123 > 2017-09-21 09:06 | Report Abuse

20th Sept 2017

Southern Pricing : (Morning) Maintain
Y16-32=Rm2650
Y10,12,Y40 &R10 =RM2800 (Quota) 20% out of total PO
R6,8,12,16,20&25=Rm2850 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2620 (Quota) 10% out of total PO
Y10,12,Y40 &R10 =RM2770(do not have sufficient stock)
R6,8,12,16,20&25=Rm2820

Posted by aslm > 2017-09-21 09:37 | Report Abuse

Thank you Edward

Posted by Rukawa > 2017-09-21 09:45 | Report Abuse

Bargain hunting

Posted by tmooke > 2017-09-21 09:59 | Report Abuse

Haha.. Rukawa, me too

Posted by Rukawa > 2017-09-21 10:09 | Report Abuse

Time is running out, they have to collect as much as they can before Nov

Posted by STC1136 > 2017-09-21 10:14 | Report Abuse

The Malaysia Rebar Price maintain RM2600 since 06/09/17 till today 21/09/17.

Inventory still not enough. Therefore it may sustain till end of the year.

Masteel/S Steel/Lion/Annjoo will have good margin for Q3 & Q4.

Buy now before too late......

Posted by hng33 > 2017-09-21 10:31 | Report Abuse

bought Ssteel at 2.30-2.32

Posted by Rukawa > 2017-09-21 10:44 | Report Abuse

Bought at 2.31

Posted by VenFx > 2017-09-21 11:07 | Report Abuse

Hehe, I like the ryhtm of Ssteel operator

Posted by stonefortune > 2017-09-21 11:08 | Report Abuse

https://mp.weixin.qq.com/s/BAiAFBoytWytg4JDnbHtqA

Posted by hng33 > 2017-09-21 13:58 | Report Abuse

SSteel report Q4 ended 30 June

Steel rebar price end of 30 Mac-----> USD 436
Steel rebar price end of 30 Apr-----> USD 427
Steel rebar price end of 30 May-----> USD 430
Steel rebar price end of 30 June----> USD 427



SSteel upcoming to report Q1 ended 30 Sept

Steel rebar price end of 30 July-----> USD 458
Steel rebar price end of 1 AUG -----> USD 511
Steel rebar price end of 31 AUG -----> USD 521
Steel rebar price end of 1 Sept -----> USD 546
Steel rebar price end of 20 spet ----> USD 550


Remark: steel rebar hike average about 20%

Posted by VenFx > 2017-09-21 14:02 | Report Abuse

Dont up too fast ahh :)

Posted by Rukawa > 2017-09-21 14:09 | Report Abuse

上海现货价格依然高企于RMB4040

Posted by Rukawa > 2017-09-21 15:02 | Report Abuse

市场上票不多了，看来下星期行情应该启动了

Posted by leslieroycarter > 2017-09-21 15:41 | Report Abuse

The price will b good provided China does not start the production in capacity . But I wonder how long China can stop the production, given that the price is so tempting.

Posted by farinsight > 2017-09-21 16:29 | Report Abuse

ha ha added ssteel just now!

Posted by Rukawa > 2017-09-21 18:02 | Report Abuse

China production capacity will be under tight control since last year. There will be no new license issue to setup a new plant. And the steel industry is undergoing consolidation in the coming years to meet the government target.

Posted by Rukawa > 2017-09-21 18:03 | Report Abuse

The more important is they have eliminated 地条钢，no more cheap and low quality steel from China.

Posted by warmblood > 2017-09-22 14:28 | Report Abuse

china rebar future drop to 3680. but stock price still on 4200.
Why there are such a big different between both. suppose the price need to be very close.
Is it an indicator for the future price for the rebar price in China?

Posted by warmblood > 2017-09-22 14:28 | Report Abuse

Rukawa, where to check the price?

Posted by ming > 2017-09-22 15:10 | Report Abuse

Future drop alot..

Posted by Rukawa > 2017-09-22 17:12 | Report Abuse

Don't worry too much about future, in China future market is like a casino, fluctuation very big. It is not like Dow future where the interaction is much higher. Today future drop but if you check most of the listed steel companies in China are not dropping following the future. China itself don't care so much about future why do we in Malaysia care so much? The more important is 现货价格，esp those near southern area which could be meant for export. Mostly still above 4000. From early Sep till now price only dropped 100++, the demands still very strong, industrial players don't even worry about the demands during winter period.

Posted by Rukawa > 2017-09-22 17:17 | Report Abuse

And if you study steel companies in China, they are currently trading at PE>15, the whole industry there is booming to meet the government target. There will be more and more consolidation, M&A in future.

Posted by Rukawa > 2017-09-22 17:19 | Report Abuse

Currently steel profit margin is around RMB1000/ton, you can imagine how much those steel companies can earn.

Posted by ming > 2017-09-23 04:26 | Report Abuse

中企130亿砂州设钢铁厂 今年放眼中资逾300亿
http://www.enanyang.my/?p=928112

Posted by ming > 2017-09-23 04:27 | Report Abuse

Mean the industry is running well lo.. if not they come for fun meh

Posted by Rukawa > 2017-09-23 13:50 | Report Abuse

many countries are imposing anti dumping tax on China steel, they have to find an alternative

Posted by Rukawa > 2017-09-24 16:18 | Report Abuse

这一波铁矿石等黑色金属期货下跌主要是中国政府收紧环保条例，产能被压缩所导致。部分钢铁企业已经收到限产50%的通知，而侦察大队也马不停蹄的部署新一轮行动。中国供给侧改革，压缩过剩产能不是一两年的计划，大蓝图已经策划到2025年。而钢铁作为压缩产能的头马，北京当局不管是行政上，执行上都是给予最高的关注。好不容易钢铁价格开始摆脱五年的低位往上行，钢铁企业开始转亏为盈，这一波的行情不是那么快，那么简单就会扭转的。这部分还关系到钢企（主要是国企）债转股上的考量，去杠杆等等的操作，预期钢铁行情是以慢牛的形态往上爬。中国钢铁业以往（过去5年）也是以底成长见称，市盈率8-10倍是正常的，自从去年产能压缩起，钢企市盈率已经飘到15倍以上。这是一波十年一遇的大行情！

Posted by antidebt > 2017-09-24 21:45 | Report Abuse

Southern steel going south. Back to 2.00

Posted by gcke > 2017-09-24 22:38 | Report Abuse

Basing on the Technical Price Indicators -Moving Averages(MA),MACD,RSI,stochastic charts as a guidance in decision making(Buy,Sell or Hold) the followings can be deduced:

1.The short term MA line(Blue) is still above the long-term MA and the line is still trending upwards.Positive chart line.;
2.MACD line is still slightly above the Signal line showing there is still buying support momentum for the stock.
3.On the RSI chart shows the stock is in overbought situation.After the weak holders have been shaken out the price will continue to trend positively if the volumes perked up.

Outcome: The stock may undergo some technical correction after the strong uptrend in the price.Barring any sudden collapse in the local steel market price the present price can be maintained.Can also benchmark with how Ann Joo price performs next week and after.Cheers:-)))

Posted by Rukawa > 2017-09-25 09:12 | Report Abuse

9月25日0时起，唐山全市启动应急减排措施。全市钢铁企业球团竖炉、烧结机限产50%；全市焦化企业出焦时间一律延长至36小时以上。

Posted by 55880955 > 2017-09-25 09:54 | Report Abuse

game over

Posted by Pirates > 2017-09-25 10:11 | Report Abuse

@edward123 what are the updates?

Posted by antidebt > 2017-09-25 10:12 | Report Abuse

2.00 coming

Posted by Rukawa > 2017-09-25 10:31 | Report Abuse

I really like ppl panic selling so I have chance to buy at lower price. The fundamental is not change, the future is not alter a lot since beginning of this year. There is no reason why selling it now at cheap price while the huge profitability is foreseeable at near/mid term. Q3 will be superb, Q4 even surprising

Posted by Rukawa > 2017-09-25 10:34 | Report Abuse

Southern steel and Annjoo are the two long steel companies already started dividen payout, if you study the history, this counter paid generous dividends in the past. Don't forget who is the major shareholder of this counter who holding >70% shares.