Posted by speakup > 2017-02-14 09:27 | Report Abuse

Mr Koon dumping CSC!!!!

Posted by MrPauper > 2017-02-14 13:46 | Report Abuse

Dumping CSC to buy SSTEEL ???

Posted by moneySIFU > 2017-02-14 15:23 | Report Abuse

Today busy buying...

Posted by moneySIFU > 2017-02-14 15:25 | Report Abuse

Just for sharing, latest China rebar price
http://www.100ppi.com/vane/detail-927.html

Posted by moneySIFU > 2017-02-14 15:26 | Report Abuse

Some people are buying so some people can sell OR some people are selling so some people can buy. :)

Let's hope for the best.

Posted by nicky11 > 2017-02-14 16:14 | Report Abuse

Today all steels counters was panic due CSCSTEL result. Different management will have different direction, we can't directly implement CSC result to all steel companies.

Posted by 77huat77 > 2017-02-14 17:05 | Report Abuse

Moneysifu got so much bullet to shoot

Posted by MrPauper > 2017-02-14 17:07 | Report Abuse

Manage to buy some too.. Bullet is running out soon.. Almost fully loaded

Posted by heata > 2017-02-14 17:22 | Report Abuse

http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5665
8 sen eps!

Posted by Op3rs > 2017-02-14 17:23 | Report Abuse

results proves everything. congrats to every shareholders here.

Posted by Unicorn > 2017-02-14 17:31 | Report Abuse

Results are the past. Prospect is future.
Results good but prospect very negative.
Good luck to SHs.

Posted by moneySIFU > 2017-02-14 17:31 | Report Abuse

Me too, not much bullets in pocket already.... :(

Posted by moneySIFU > 2017-02-14 17:32 | Report Abuse

haha, good! Thanks for sharing, heata!

Posted by mbs7633 > 2017-02-14 17:34 | Report Abuse

Good, congrats to you guys.

Posted by moneySIFU > 2017-02-14 17:35 | Report Abuse

Basic earning for QR31/12/2016 = 8.67 cents

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5336529

Posted by moneySIFU > 2017-02-14 17:37 | Report Abuse

For those in doubt, please read yourselves on the following articles to judge:

http://www.100ppi.com/forecast/detail-20170119-117288.html
http://www.100ppi.com/forecast/detail-20170122-117490.html

Posted by nicky11 > 2017-02-14 18:19 | Report Abuse

Congratulation to all who die die holding this stock..xD

Posted by MrPauper > 2017-02-14 18:20 | Report Abuse

Unicorn, do some research before commenting..lol

Posted by ks5S > 2017-02-14 18:22 | Report Abuse

tomorrow the dragon will show his golden colour again.

Posted by ks5S > 2017-02-14 18:24 | Report Abuse

today csc steel gap down 20 cents
tomorrow ssteel gap up 20 cents

Posted by ks5S > 2017-02-14 18:25 | Report Abuse

the dragon will ride the unicorn tomorrow.

Posted by Unicorn > 2017-02-14 18:38 | Report Abuse

That means directors of SSTEEL also need to undergo research training liao :D

Posted by Annetan > 2017-02-14 19:02 | Report Abuse

wow.eps 8.67cts

Posted by Tom > 2017-02-14 19:23 | Report Abuse

wow.....

Posted by Up_down > 2017-02-14 19:27 | Report Abuse

So beautiful results...It's really out of my expectation. I thought max EPS 4 cents only...@_@

Posted by abangadik > 2017-02-14 19:31 | Report Abuse

geng!! I not familiar with steel counter but very glad you guys made a right investment in this company.

Posted by MrPauper > 2017-02-14 19:32 | Report Abuse

Last quarter with write off of inventory already more than 4 cents.. Without write off is 7 cents plus..

This quarter impossible will be anything lower than 7 cents given the rise in selling prices

Posted by abangadik > 2017-02-14 19:32 | Report Abuse

It is good that you all know they got the raw material in Euro instead as well. :D ...

Posted by Johnnys > 2017-02-14 19:50 | Report Abuse

Good Result will follow with good movement of share price. Congratulation.

Posted by ks5S > 2017-02-14 20:23 | Report Abuse

another quek company move up like mpi

Posted by pantor > 2017-02-14 20:49 | Report Abuse

worth 1.80 to 2.00

Posted by newbb > 2017-02-14 20:58 | Report Abuse

how come operating cash flow so bad? similar future prospect like cscstel, beware...

Posted by Albukhary > 2017-02-14 21:49 | Report Abuse

newbb, as I mentioned last time, SSTEEL increase its borrowing to payoff its trade payable. This is because majority of its trade payable are in foreign currency, as MYR is weakening every month, it is a smart decision made by the management, to reduce the exposure in foreign exchange.

Now the company back on the track and can continue generate more profit, so I believe very soon company can announce bonus issue. (unlikely will declare high dividend, as this company need to reserve more cash on hand).

Once bonus issue announce, many ICULS holder will convert their ICULS to mother share, and company can save the interest cost, but EPS will be diluted as well.

Posted by gcke > 2017-02-14 21:54 | Report Abuse

The QR is out.The company recorded 177% increase in profit as compared to previous QR.Buy,buy and buy.

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

Posted by Warn3r > 2017-02-14 23:15 | Report Abuse

Annualized EPS would be 34 cents. A conservative PE is 5. First TP should be RM 1.6-1.7. But we know so far 2017 steel price in Jan-Feb has been higher. If steel price can maintain at current level, 40 cents EPS for 2017 should be achievable given all the macro factors. With QR progressively reporting more stable +ve profits the PE ratio also will climb. 40 cents x 7 = RM 2.80. Maybe can hit this price wafted another 2 QR if everything goes smooth.

Is my simplistic projection reasonable?

Btw, congrats everyone! I'm an ikan bilis but nonetheless am happy that I'm on this boat with you all.

Posted by ks5S > 2017-02-14 23:18 | Report Abuse

tomorrow sure limit up this counter.

Posted by Warn3r > 2017-02-14 23:29 | Report Abuse

The report mentioned that the impact of the safeguard duties imposed on China is reduced because there're imports from other countries. Selling price is unlikely to go up much further given weak local demand. Margin will be under pressure with increasing cost of raw material. However, management will continue to improve on the operational efficiency and productivity. Trying to under promise to over achieve later...?

Posted by ks5S > 2017-02-14 23:38 | Report Abuse

quek companies is always very good in cost-control. They have many committee set-up to put all the relevant controls and to achieve operational excellence. Trust SSteel share price will be closed to Ann Joo. Buy and keep when the company turnaround just started.

Posted by MrPauper > 2017-02-15 00:38 | Report Abuse

Ssteel being under promise now to over achieve later is much better than CSC over promise previously to under achieve now.. hahaha!

Posted by ks5S > 2017-02-15 07:08 | Report Abuse

mpi has gone up to above 9.
quek sure want managament of ssteel to make catch up. Long term above 2.0

Posted by Annetan > 2017-02-15 07:10 | Report Abuse

Many yrs ago,MGO price was 2.1. Ssteel price will go up as it's price is too far away from Annjoo.

Posted by Warn3r > 2017-02-15 09:09 | Report Abuse

Gapped up. But seems like a lot of ppl very happy to let go at 1.46-1.48.

Posted by Warn3r > 2017-02-15 09:23 | Report Abuse

Opened at 1.44 all the way up to 1.49. Then heavy selling to push the price back to 1.44. Is this how big players play the game? Collect again later so that they get to make the profit in that price range twice?

Posted by nicky11 > 2017-02-15 09:35 | Report Abuse

This result make me have more confident to top up some just now.

Posted by Tiger_shark > 2017-02-15 09:40 | Report Abuse

top up some more 1.43

Posted by probability > 2017-02-15 09:44 | Report Abuse

hmm...me too but at 1.45 :(...hope the results does not blind me * - *

Posted by mbs7633 > 2017-02-15 09:45 | Report Abuse

When l bought VIS also like this. It needs few hours or days to convince people this is a undervalued gem. Forward PE too low. This is a good opportunity to collect, let's see afternoon session.

Posted by Warn3r > 2017-02-15 09:54 | Report Abuse

Top up at 1.44. Okay let's huat together. First TP 1.6!

Posted by Ramada > 2017-02-15 10:08 | Report Abuse

Need OTB followers to push up the price.

Posted by moneySIFU > 2017-02-15 10:33 | Report Abuse

China rebar is going up again, it makes imported steel more expensive, local steel producers will have better positions to compete with these importers.