Posted by cresbinvest > 2018-02-13 22:51 | Report Abuse

Thank you leoting. salute!

Posted by JN88 > 2018-02-13 22:56 | Report Abuse

No need predict just check the annual annoument date, bought some at 1.86 ...

This year you only need to do one thing, buy steel.

Posted by Rukawa > 2018-02-13 22:56 | Report Abuse

As what I predicted, result out before CNY. Earnings are superb as what I forecasted, revenue slightly below my estimation 1bil, but still doing great. Half year EPS 28.59cents, conservative full yr estimate EPS 55cents. PE 7 = 3.85, PE 8=4.40, PE 10=5.50. As Ssteel is the leader in market in term of revenue, by right we should apply PE10, give a bit of discount due to misperceptions, PE 8-9 is normally being used for fair value justification. So you guys go and do your math, I would just SAPU whatever under RM3.

Posted by JN88 > 2018-02-13 22:59 | Report Abuse

Rukawa: the time you sapu pls call Trump to make sure the direction of DJ. Market is very cruel.

Posted by enjoe > 2018-02-14 01:04 | Report Abuse

Rukawa: there is a huge gain of operating income in this quarter, where does it come from? is it sustainable? i also want sapu, but thats one of my concern.

second thing is the material ligitation, why there are so many court cases?

Posted by Rukawa > 2018-02-14 01:21 | Report Abuse

Higher operating income is mainly derived from higher ASP and stronger demand, in Annjoo reports you can get more insights about the market sentiment and demand forecast. Generally market is good, ASP is high due to the supply cut from China and mega projects currently running. I foresee profit is sustainable for at least next 2yrs. I will keep this stock for long term, you can check my previous comments and you will know I have kept this stock for more than 1 year. My entry price ofcoz is much lower but I can tell you the true value of this stock is not revealed yet.

I am not too worry about the court cases, every company has this, and it normally taking years to settle.

Posted by Rukawa > 2018-02-14 01:26 | Report Abuse

JN88, US president has not much influence over the stock market, FED committee is playing a key role here and they are independent from US president or congress (somehow), is not like Malaysia where PM can have a big influence.

Posted by enjoe > 2018-02-14 01:36 | Report Abuse

Thanks Rukawa ;)

Posted by Warn3r > 2018-02-14 05:58 | Report Abuse

Finally, it’s beginning to show what it’s capable of doing. Key word is, this is just the beginning of the coming 2-3 years of good profits.

Posted by darkstar > 2018-02-14 06:35 | Report Abuse

Thanks sifu Leoting and Rukawa.

Posted by WaAdaLui > 2018-02-14 07:14 | Report Abuse

Bloomberg interview with Luke Ellis (CEO of MAN Group)

Bloomberg : Does it feel like we're into a big selloff?

Ellis : No. Jan was an oustanding month and Feb pretty uncomfortable month. Its giving back alot of what happen in Jan Index, in the 2months move nothing much is happen, we just back to Nov price level. We hav a 10% repricing and bounce off there, is not consider a big repricing for me.

Posted by WaAdaLui > 2018-02-14 07:18 | Report Abuse

https://www.bloomberg.com/news/videos/2018-02-13/man-group-ceo-ellis-on-selloff-volatility-bonds-as-a-safe-haven-video

Posted by hng33 > 2018-02-14 08:53 | Report Abuse

Get ready to be rewarded very handsomely

Posted by hng33 > 2018-02-14 09:03 | Report Abuse

Sold off all ssteel at 2.22-2.23, locked very handsome more than 12% contra profit, free up all capital first

Posted by Huatar333 > 2018-02-14 09:05 | Report Abuse

first tp 2.5

Posted by SAPNRG—RT3070 (ilovehits) > 2018-02-14 09:05 | Report Abuse

10 reasons why I buy into SSTEEL.

1) Forward PE 3x only. Far better than MASTEEL.
2) All profits are genuine. No one-off gain in this quarter.
3) Good rebar prices. Now at RMB3900, as good as previous quarter.
4) It controlled by local tycoon Quek Leng Chan.
5) Improving cash flow. NOT so good but improved a lot.
6) Start paying dividends since financial year 2017.
7) Stronger sales ahead with rollout of the government infrastructure projects.
8) Share prices almost flat for this 6 months though EPS improving a lot.
9) Immediate TP $2.90 based on 7.8x PE ratio vs MASTEEL’s $1.23/7.8x.
0) 6-month TP $4.00 based on 7x PE of latest two quarters’ average EPS.

Posted by darkstar > 2018-02-14 09:08 | Report Abuse

Waaa gap up!

Posted by aslm > 2018-02-14 09:17 | Report Abuse

thanks the tickets fron hng33

Posted by darkstar > 2018-02-14 09:21 | Report Abuse

Tq hng33. Pls continue buy sell buy sell like a runner lol

Posted by MrPauper > 2018-02-14 09:28 | Report Abuse

Glad that hng33 easily earned 12% of profit within a single day. But on hindsight, he could have easily earned up to 30% within a single week if he could hold a little longer. That is why i would say he has typical trader mindset. But still the market needs people like him

Posted by WaAdaLui > 2018-02-14 09:35 | Report Abuse

Break previous high $2.50. No problem

Posted by pang72 > 2018-02-14 10:48 | Report Abuse

Good stock.

Posted by pang72 > 2018-02-14 10:48 | Report Abuse

Grab for Chinese new year Ang pao

Posted by Paper308 > 2018-02-14 10:50 | Report Abuse

tp at least 4..by this year why worry ..I still buying non stop

Posted by pang72 > 2018-02-14 10:50 | Report Abuse

The EPS is impressive

Posted by pang72 > 2018-02-14 10:53 | Report Abuse

3 is close eye. If all steel record the same result..4 is reasonable

Posted by Younglearner > 2018-02-14 11:00 | Report Abuse

now only 2.24

Posted by pang72 > 2018-02-14 11:03 | Report Abuse

This mean cheap and good

Posted by s3eve > 2018-02-14 11:04 | Report Abuse

Great Result.. Should grow beyond 2.5

Posted by dalpinia > 2018-02-14 12:02 | Report Abuse

http://klse.i3investor.com/blogs/kianweiaritcles/147427.jsp

Posted by pakatan_harapan2 > 2018-02-14 13:16 | Report Abuse

BN run by stupid people need GST, Why cannot build MRT on flat road but over the road?

Posted by pang72 > 2018-02-14 13:52 | Report Abuse

What is BN related to SSteel?

Posted by Save > 2018-02-14 17:30 | Report Abuse

2.25 resistance was overcomed, next will be 2.45 resistance?

Posted by pang72 > 2018-02-14 17:37 | Report Abuse

EPS 16.17 and next quarter will preform equally good from management.
So, 16.17+ 16.17+ 12+12 = 56.34sen..
So, if pe5...rm2.8...

Posted by pang72 > 2018-02-14 17:40 | Report Abuse

Logically , pe 6 is reasonable about rm3.4

Posted by pang72 > 2018-02-14 17:41 | Report Abuse

You have about rm1.00 profit if bought now

Posted by pang72 > 2018-02-14 17:42 | Report Abuse

This is lucrative profit..after Hengyuan..

Posted by SAPNRG—RT3070 (ilovehits) > 2018-02-14 19:32 | Report Abuse

Let's say SSTEEL has recorded 15.00c for another two quarters. TP should be like this.

(12.42 + 16.17 + 15.00 + 15.00) x 5 PE = $2.92
(12.42 + 16.17 + 15.00 + 15.00) x 6 PE = $3.51
(12.42 + 16.17 + 15.00 + 15.00) x 7 PE = $4.10
(12.42 + 16.17 + 15.00 + 15.00) x 8 PE = $4.68

Posted by pang72 > 2018-02-14 19:42 | Report Abuse

You are right. This stock can beat every one. But , don't expect pe10...less strike for pe6 will do...
When the announcement of mrt , hsr...project....it will fly higher and higher...

Posted by pang72 > 2018-02-14 19:44 | Report Abuse

Current price is really bargain.

Posted by SAPNRG—RT3070 (ilovehits) > 2018-02-14 20:31 | Report Abuse

ChartNexus shows price break above resistance with high volume today. Now resistance 1 (R1) at $2.40 and resistance 2 (R2) at $2.45. Hope can break it by tomorrow.

Posted by huahtai98 > 2018-02-14 21:20 | Report Abuse

Annjoo selling at prospective PE 9.....SSteel shd at least have similar valuation....tp 5 to 5.50....medium term.
Take up the challenge....if you dare.....people.

Posted by darkstar > 2018-02-14 21:32 | Report Abuse

Today's high is tomorrow's low, hopefully :)

Posted by pang72 > 2018-02-14 22:13 | Report Abuse

Demand is expected to grow "moderately in the coming quarters with the gradual rollout of some infrastructure projects, Southern Steel said

Posted by pang72 > 2018-02-14 22:14 | Report Abuse

It is encouraging that coming quarter result would be similar good...16.17sen

Posted by pang72 > 2018-02-15 00:45 | Report Abuse

Thank god that Dow back to uptrend!!
Chinese new year will bring luck to bursa investors.
Ssteel breaking EPS of 16.17sen lead all steel counters in rally.
Soon, lionind, masteel.,Annjoo...report better ever result..
Steel will fly again and again...

Posted by hollandking > 2018-02-15 00:53 | Report Abuse

now back to goreng steel? no goreng oil anymore?

Posted by ming > 2018-02-15 01:34 | Report Abuse

Can play lama lagi.. as long as u.s no much big movement

Posted by pang72 > 2018-02-15 08:34 | Report Abuse

Another 20sen.up toward rm3.00 to close for Chinese new year...2.48...

Remember estimated eps 55sen above...

Posted by pang72 > 2018-02-15 08:35 | Report Abuse

This is southern steel. It should deserved premium due to from Hong leong group.