Posted by yeekarwai 95 > 2017-12-05 09:33 | Report Abuse

2.06,really not.understand

Posted by yeekarwai 95 > 2017-12-05 09:42 | Report Abuse

horrible

Posted by voon1900 > 2017-12-05 09:42 | Report Abuse

all in1.98

Posted by JayC > 2017-12-05 09:43 | Report Abuse

crazy selloff..

Posted by lizi > 2017-12-05 09:50 | Report Abuse

CPTEH will tell u to get out...i expect him to post something on this. stay tune.

Posted by Mohd Fahmi Bin Jaes > 2017-12-05 09:50 | Report Abuse

Sell

Posted by hebeds > 2017-12-05 09:54 | Report Abuse

Pe 6 already, y not?

Posted by WaAdaLui > 2017-12-05 09:55 | Report Abuse

1 hour trading oledi -0.13 (-6.07%). Lagi 5 hour to go wo. Boleh tahan ka?

Posted by Steve Jub > 2017-12-05 09:58 | Report Abuse

what happen?

Posted by Warn3r > 2017-12-05 10:01 | Report Abuse

Ppl who didn’t know what and why they bought this counter is transferring their shares to ppl who see opportunity. This is what happened and is still happening...

Posted by Steve Jub > 2017-12-05 10:05 | Report Abuse

all steel stock koyak ya

Posted by yeekarwai 95 > 2017-12-05 10:08 | Report Abuse

crazy selloff

Posted by Mohd Fahmi Bin Jaes > 2017-12-05 10:09 | Report Abuse

Sell

Posted by Eason Tee > 2017-12-05 10:18 | Report Abuse

Plan to earn extra money for coming Xmas, now need to change plan to hold the stock longer

Posted by VenFx > 2017-12-05 11:31 | Report Abuse

Tatyang Liew Albukhary,
please refer to the latest financial report, trade and receivables increase from 178 to 342m

ME :
THX TO Tatyang Liew bro highlight,
The receiveable has weigthed for almost 37 cts per share or might potentially erode it's pass 5 qtr earning.

Wondering are they recoverable ?

Posted by voon1900 > 2017-12-05 11:38 | Report Abuse

sold 2.02-2.03

Posted by hebeds > 2017-12-05 11:40 | Report Abuse

is it maybe they provide some special terms so receivable will become higher, cus the revenue for Q3 was boombastic compare to past quarter revenue

Posted by hng33 > 2017-12-05 11:43 | Report Abuse

pare down loss, recovering

Posted by Albukhary > 2017-12-05 11:44 | Report Abuse

Venfx, I am disagreed with your point, maybe I'm looking from different perspective.

1st, a company that have 900mil per quarter, the trade receivable of 342mil is very normal..
It is more like equal to 35 days outstanding only. That mean, the 342mil could be due to those sales incurred during 25 Aug - 30 Sep 2017, which is haven't due for payable at at 30 Sep 2017.

2nd, compare to the rest of 3 competitor, you will realised that SSTEEL gain a lot of market share during the latest quarter. I suspect maybe other competitor tighten their credit term, while SSTEEL have Hong Leong support, so it can give its customer better credit term, with credit line / bank acceptance...etc support by Hong Leong Bank.

Anyway, the above is just my own opinion, you can disagree with me also.

Posted by hng33 > 2017-12-05 11:47 | Report Abuse

Natural gas affect about 3% cost of production. The major cost in actual are iron ore and electrode which is import, USD denominated. Te strengthen in RM recently will reduce cost + increase selling price, will boost steel profit margin.

All steel marker are the key beneficial stock on recent RM strengthen as cost of import of raw material will be reduce

Posted by s3eve > 2017-12-05 11:49 | Report Abuse

SSteel has strong financials backed by HL Group that has a good grip on all its operating companies. Those who see an opportunity with stock now are going to be the beneficiaries in the coming weeks. This is a temp dip and and if you read IB... they are projecting 2.68. BUt, it may take a few weeks to get there... but surely it will... SSteel is capturing more Market share witha tight watch on there financials and and there is no reason to think otherwise...

Posted by VenFx > 2017-12-05 11:55 | Report Abuse

A
Albukhary bro,
i hope ur scenario may help ,
as i didnt study the indepth for 5665 ,
frankly , i'm waiting to collect low ...

5665 still my mid & long term favorite.
short term sometimes, can be wayang only.

So, plans are to accumulate at every 10cts spread from $1.93 downward .
This is the kind of counter i dare to average down.(after bal.checking).

Posted by hng33 > 2017-12-05 11:59 | Report Abuse

Currency factor for month 1 June-30 sept
1USD = RM 4.22-4.29

Currency factor for month 1 Oct- 5 Dec
1USD = RM 4.22-4.05

Posted by investoroem > 2017-12-05 12:23 | Report Abuse

VenFx
If you are buying for mid-long term, may I suggest you buy NOW. Waiting for RM 1.93 may be too ambitious. Just my 2 cents worth of opinion.

Posted by Muthusamy > 2017-12-05 12:30 | Report Abuse

i'm planning to collect at 1.5

Posted by apolloang > 2017-12-05 12:32 | Report Abuse

u better say 50cts dumbo....haha

Posted by Warn3r > 2017-12-05 13:26 | Report Abuse

When one is in fear, he/she will mentally links and puts together all scary stuffs to scare the scrap out of him/herself.

This really is just bad market sentiment and the sharks taking this opportunity as their timing to play us...

Posted by STC1136 > 2017-12-05 13:38 | Report Abuse

Edward, please help to update the current Rebar price.

Posted by hebeds > 2017-12-05 16:41 | Report Abuse

Buy, or wait? Haha

Posted by ming > 2017-12-05 23:15 | Report Abuse

I agree the big4 can bargain better steel price to cover gas hime

Posted by Muthusamy > 2017-12-05 23:42 | Report Abuse

actually customer is the one who bear the cost of gas price. just like u order a wantan mee, gas price increase so the price of wantan mee increase, so who will bear the cost??

Posted by weiiii > 2017-12-05 23:43 | Report Abuse

Anyone know gas cost percentage in total production cost?

Posted by edward123 > 2017-12-06 10:04 | Report Abuse

Sorry guys for the late reporting as busy with works and home issues;

29 & 30th Nov 2017
Southern Pricing : (Morning) Maintain
Y16-32=Rm2400
Y10,12,Y40 &R10 =RM2550
R6,8,12,16,20&25=Rm2600 (No Stock)

Amsteel Pricing : (Afternoon) Maintain
Y16-32=Rm2400
Y10,12,Y40 &R10 =RM2550
R6,8,12,16,20&25=Rm2600

4th Dec 2017
Southern Pricing : (Morning) Up Rm30/Mt
Y16-32=Rm2430
Y10,12,Y40 &R10 =RM2580
R6,8,12,16,20&25=Rm2630 (No Stock)

Amsteel Pricing : (Afternoon) Up Rm30/Mt
Y16-32=Rm2430
Y10,12,Y40 &R10 =RM2580
R6,8,12,16,20&25=Rm2630

5th Dec 2017
Southern Pricing : (Morning) Maintain
Y16-32=Rm2430
Y10,12,Y40 &R10 =RM2580
R6,8,12,16,20&25=Rm2630 (No Stock)

Amsteel Pricing : (Afternoon) Maintain
Y16-32=Rm2430
Y10,12,Y40 &R10 =RM2580
R6,8,12,16,20&25=Rm2630

6th Dec 2017
Southern Pricing : (Morning) Up Rm30/Mt
Y16-32=Rm2460
Y10,12,Y40 &R10 =RM2610
R6,8,12,16,20&25=Rm2660 (No Stock)

Amsteel Pricing : (Afternoon) Up Rm30/Mt
Y16-32=Rm2460
Y10,12,Y40 &R10 =RM2610
R6,8,12,16,20&25=Rm2660





Market Shortage on T10& 12

Pricing is on the Uptrend for the next one month..... Huat ah,,,,,,,,,,,,,,,

Posted by Collin Soo > 2017-12-06 10:11 | Report Abuse

http://finance.sina.com.cn/stock/hyyj/2017-12-06/doc-ifypikwu1303060.shtml

China steel sector latest update

Posted by Warn3r > 2017-12-06 10:16 | Report Abuse

Today you just need to stand firm on your ground. That’s all you need to do.

Posted by Johnmajor > 2017-12-06 10:21 | Report Abuse

Heading up soon.

Posted by edward123 > 2017-12-06 11:29 | Report Abuse

Bro Albukhary: Msia steel on uptrend, every 2 days new price as the gaps with China rebar is rm650/mt gap now. Exporting is a good option which AJ have done a good job which mosts of the PO with BL will materialise in this 4 QR. Strong production until Feb2018.

Posted by VenFx > 2017-12-06 11:32 | Report Abuse

Thx, edward123 bro
for the updated input with insiders view.

Posted by Muthusamy > 2017-12-06 14:37 | Report Abuse

of all the steel counter, only Masteel and ssteel result are above expectations, annjoo and lionind are below expectation.

Posted by Albukhary > 2017-12-06 22:13 | Report Abuse

Thanks edward bro

Posted by edward123 > 2017-12-07 11:12 | Report Abuse

7th Dec 2017
Southern Pricing : (Morning) Up Rm20/Mt
Y16-32=Rm2480
Y10,12,Y40 &R10 =RM2630
R6,8,12,16,20&25=Rm2680 (No Stock)

Amsteel Pricing : (Afternoon) Up Rm20/Mt
Y16-32=Rm2480
Y10,12,Y40 &R10 =RM2630
R6,8,12,16,20&25=Rm2680

Price of Rebar still uptrend

Posted by Johnmajor > 2017-12-07 12:34 | Report Abuse

This counter go Holland aldy. Dump!

Posted by WaAdaLui > 2017-12-07 13:07 | Report Abuse

Sold 2.28. Buy back 2.02. 加油 加油。

Posted by STC1136 > 2017-12-07 13:23 | Report Abuse

Thanks, brother edward123.

Posted by Primelife > 2017-12-07 13:45 | Report Abuse

ssteel result so good I'm gonna hold ..after washing 'll those cheapskate trader it should go up 3 times since the result so good even blind can see lo

Posted by huahtai98 > 2017-12-07 15:22 | Report Abuse

Let all the smart auntie uncle sell all their SSteel....haha

Posted by Primelife > 2017-12-07 16:18 | Report Abuse

cry no tears sell at lowest...result so good can not fly meh lol

Posted by Primelife > 2017-12-07 16:19 | Report Abuse

must thank you those auntie uncle sell to us cheap price hhhhaaa

Posted by hebeds > 2017-12-07 18:23 | Report Abuse

if you cut lost or sell at 2.00, means you expecting it will go to 1.80 (10%) or lower? do you think it is possible?

Posted by Muthusamy > 2017-12-07 21:50 | Report Abuse

I QUEUE AT RM 1.5