Posted by goodluck999 > 2018-07-17 10:31 | Report Abuse

congratulation to those who managed to catch it at lower end ,haha

Posted by tehka > 2018-07-17 17:32 | Report Abuse

Annjoo
EPS: 34.5
Price: 1.95
PE:5.65

Ssteel
EPS: 41.79
Price: 1.59
PE: 3.8

Assume same PE with Annjoo
Target price = 41.79 * 5.65 = 2.36 per share

Conservative, take PE 4.5,
Target price = 41.79 * 4.5 = 1.88

I think at current price it is a good bargain!

Posted by Ooi Teik Bee > 2018-07-17 22:18 | Report Abuse

EPS of Ssteel for last 3 quarters of 2018 is 40.66,
Q4 2018, net profit should be better than 5.567 million.
Enclosed are the last 7 quarter results of Ssteel.
Please read the below link :-
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5665

Posted by VincentTang > 2018-07-18 09:38 | Report Abuse

For your reference, SSTeel is Q4

可以肯定的是，这些钢铁股的Q2表现不会好，主要因为
> 钢铁价格在4-6月期间从每吨RM2,600下跌至RM2,300
> 开斋节放假落在6月 (淡季)
> 改朝换代后，希盟政府大砍建筑合约，导致建筑领域按兵不动，出现放缓

Posted by khatulistiwa1234 > 2018-07-18 11:36 | Report Abuse

if i say short ward achieve 2.00 , a lot of fancy here will start condemn me , please watch yourself late noon , see gonna condemn me or not , spicy leak news , all iron metal MERCY RUN , like a mad horse .

Posted by tehka > 2018-07-18 12:29 | Report Abuse

Khatulistiwa1234 I like spicy leak news. Already is late noon where your spicy leak news?

Posted by Up_down > 2018-07-19 12:19 | Report Abuse

Almost up 30% in a week. Great performance in such a bad market.

Posted by Ooi Teik Bee > 2018-07-19 13:30 | Report Abuse

Someone in I3 passed the comment that the stock I recommended cannot go up one.
I always spot low PER stock is wrong.

Hopefully every reader here buy Ssteel and made money.
Good luck.
Thank you.
Ooi

Posted by tehka > 2018-07-19 13:42 | Report Abuse

Thank you Mr Ooi.
This is good recommendation at very good timing.

Posted by cskek81 > 2018-07-19 13:47 | Report Abuse

Ooi Teik Bee , can share me the good share when you have any recommadation? My email address: cskek81@yahoo.com

Posted by s3eve > 2018-07-19 14:09 | Report Abuse

Please expect a great result in coming weeks as per the trend for last 3 quarters

Posted by goodluck999 > 2018-07-19 16:16 | Report Abuse

good job ,SSTEEL..you dont get me disappointed,always.

Posted by tehka > 2018-07-19 16:22 | Report Abuse

on the way to 2.00

Posted by Henly > 2018-07-19 16:32 | Report Abuse

SST no good to steel mills, 10% tax for all steel scrap and spare parts better run

Posted by filidon > 2018-07-19 16:47 | Report Abuse

SSteel buy signal is strong. Get ready.

Posted by s3eve > 2018-07-20 09:55 | Report Abuse

.. good

Posted by baohulu88 > 2018-07-27 10:31 | Report Abuse

TP 1.9

Posted by dalpinia > 2018-07-27 10:33 | Report Abuse

https://finance.sina.cn/stock/ggdp/2018-07-27/detail-ihfvkitx5039763.d...

Wow !!! China steel counters moving up again

Posted by dalpinia > 2018-07-27 10:33 | Report Abuse

TP RM3 by end of 2018

Posted by Yael Jasper > 2018-07-30 10:36 | Report Abuse

Well played !!! nice profit

Posted by Lim Tek Wai > 2018-07-30 11:52 | Report Abuse

Good, getting stronger and gain profit

Posted by goodluck999 > 2018-08-02 17:08 | Report Abuse

should hold steadily instead of getting afraid when you see it in red.. remember.. collect when it is in red..i already have more than enough

Posted by Ooi Teik Bee > 2018-08-02 22:39 | Report Abuse

I just want to inform that 25% import tariff imposed on steel products by US government had already been implemented months ago.
The new rule to impose new 25% import tariff on USD 200 billion Chinese goods is NOT applicable to steel products. Please do not confused and get the facts right.

After implementing 25% import tariff imposed on steel products by US government, the share price of Ssteel is not affected. In actual fact the share price moved up north instead.

The current weakness on the share price of Ssteel is due to fear factor, there is no change in term of business fundamental.

Thank you.
Ooi

Posted by Ooi Teik Bee > 2018-08-02 23:04 | Report Abuse

Posted by Ooi Teik Bee > Aug 2, 2018 11:01 PM | Report Abuse X

https://1.bp.blogspot.com/-hRmWaDVysE8/Wxf12hjdSjI/AAAAAAAABhE/ddHQd7v...

Please note that Ssteel had been making profit year after year after 2010 except 2015 and 2016.
The losses in 2015 and 2016 were due to China dumping of steel bars below cost in Malaysia.
China government is cutting down the output of steel bar produced to protect the blue sky.
There is a shortage of steel bars in China now, there is no more dumping of cheap steel bars to Malaysia.
There is an import tariff of 18% imposed by Malaysian government to protect local steel bar producers.
The worst is over for Ssteel.

The current weakness on the share price of Ssteel is due to fear factor, there is no change in term of business fundamental.

Thank you.
Ooi

Posted by huahtai98 > 2018-08-04 10:56 | Report Abuse

I agree with you...Mr Ooi....SSteel is currently fundamentally grossly undervalued....causing lots of investors....me included...to suffer some paper losses.
I pity those who cannot hold on to this stock at least in the short to medium term.
They sell due to fear..... are forced to sell....are impatient....some are losing hope....only to regret later.
This is a Hong Leong company....it is not a rubbish stock.
Just my 2 cents people....
If i am wrong please guide me....don't attack me.
Thanks.

Posted by Ooi Teik Bee > 2018-08-04 17:26 | Report Abuse

I will never attack any writer in I3, I am always more than willing to help.
My advice to all, want to win big in stock market, patience is always the key.
Buy good FA stock will seldom go wrong.
Even go wrong, the loss is always minimum.
I cannot sleep well if my stock selected is a speculative stock.

Good luck to you huahtai98.
Thank you.
Ooi

Posted by RinggitendSense > 2018-08-06 18:29 | Report Abuse

Of course, you never attack anyone, because you INFLUENCE many ones.

goodluck999, mjlee4722263 are two of them.

Posted by khatulistiwa1234 > 2018-08-07 15:45 | Report Abuse

Masteel brilliant

Posted by khatulistiwa1234 > 2018-08-07 15:59 | Report Abuse

DARK HORSE BORN .

Posted by Pilotsport > 2018-08-13 03:02 | Report Abuse

钢铁去土耳其渡假咯

Posted by keyin > 2018-08-13 07:40 | Report Abuse

Haha,later back to Malaysia holiday lo

Posted by khatulistiwa1234 > 2018-08-13 17:21 |

Post removed.Why?

Posted by khatulistiwa1234 > 2018-08-13 17:30 | Report Abuse

sharing happiness .

Posted by aslm > 2018-08-14 09:57 | Report Abuse

Mr. OTB asked his followers to buy lionind during the stockwatch this weekend.

See now Mr. OTB help the syndicate to offload the lionind shares even though he aware that the steel demand is not high and alliance steel production is going to flood the malaysia market with excessive production due to the halt of ECRL project..

Mr. OTB first time asked followers to cutloss below 0.70 to let syndicates collect at cheap price, then ask his followers to buy back at priuce 1.10 to let syndicates offload the shares. See syndicates can easily make profit of more than 60% in one month.

Posted by Yael Jasper > 2018-08-14 10:09 | Report Abuse

buy now and don't regret later

Posted by tecpower > 2018-08-14 21:09 | Report Abuse

Steel stocks are good buy.

Buy steel stocks as much as possible.

Ann Joo’s FY18 profit seen better on stable sales, higher margins | http://www.klsescreener.com/v2/news/view/417808

Posted by khatulistiwa1234 > 2018-08-15 08:33 | Report Abuse

Breath and energy plus plus is flooded , only because BANDAR MALAYSIA is ON .

Posted by Johloh > 2018-08-15 11:58 | Report Abuse

whys steel don't wanna move still?

Posted by nicky11 > 2018-08-15 13:03 | Report Abuse

Lionind & Masteel are moving faster than Annjoo & Ssteel. Hopefully annjoo & ssteel can follow soon

Posted by erkongseng > 2018-08-15 14:15 | Report Abuse

http://kongsenger.blogspot.com/2018/08/ssteel-5665_14.html?m=0

Posted by windcloud > 2018-08-15 16:14 | Report Abuse

time to in Ssteel ……. 2.50 in the making ……..

Posted by erkongseng > 2018-08-15 18:20 | Report Abuse

http://www.sunsirs.com/uk/prodetail-927.html
螺纹钢4370rmb 了，ssteel買入于净利爆升前.

Posted by windcloud > 2018-08-15 18:32 | Report Abuse

Next week Ssteel will announce its last qtr result (ignore its court case with assumption this has been fully provision in accounts)

1) Compared to same qtr corresponding year, we notice that average selling price has picked up from 2nd half year 2017 until now, and although compared to previous qtr, there is single digit % dropped in revenue, but compared to same qtr previous FY, the average selling price is still better to cover the COGS, estimate revenue will be 840,000-880,000 in between.

2) Graphite electrode, the cost of this item is being diminished from its high, there should be some reduction on this purchase cost.

3) Bottomline, using 850,000 x 5% = 42,500 (M) AGAK AGAK for this qtr (assume no PPE written down). So total 4 qtr profit will be 218,000 (M). So annual EPS will be 218,000 / 433,642 = 0.50. Using PE 6, so the TP will be 3.00.

Now the price is 1.86, potential upward is about 61%. Besides, the steel price is still climbing upward coupled with the continuation of infra and mega building projects and exemption of SST on steel products, what you need to wait for ? Tomorrow first thing is to buy Ssteel.

You may miss the ride on Lionind, but don't forget there is another diamond for you to collect, there is Ssteel. Forget about Graphite Electrode cost, since average selling price is climbing up whereby graphite electrode cost is stepping down.

Remember ……. BUY SSTEEL BEFORE RESULT OUT.

Posted by erkongseng > 2018-08-15 19:32 | Report Abuse

windcloud :good for share ,thanks

Posted by erkongseng > 2018-08-15 19:34 | Report Abuse

可能明，后天就公布业积了，以往推算。

Posted by easyway > 2018-08-15 21:00 | Report Abuse

most of the steel counters their q2 results will not be good as the steel price dropped and demand was not encouraging due to raya and gstissues..

Posted by Warn3r > 2018-08-15 21:28 | Report Abuse

I thought scrap iron price has gone up by a lot in Q2 hence ssteel and Masteel are disadvantaged relative to Annjoo and Lionind? And that graphite electrodes price has gone up multiple times in terms of cost?

Probability wrote so previously.

Posted by windcloud > 2018-08-15 21:57 | Report Abuse

Graphite electrodes huge jump last year ... this year is diminishing ... i refer to china website and one of the listed co in china is mainly selling this .... the shares price also droppwd from 38 to today 24 .... you can google search .... do search yourself

Posted by windcloud > 2018-08-15 22:06 | Report Abuse

Scrap price .... noted ... margin i had reduced from 5.9% to 5% to reflect this material cost .. i will re agak agak compute again ... might be bit lower than 5% ... will come back on this.

Posted by windcloud > 2018-08-15 22:14 | Report Abuse

For apr to jun compared to jan to mar .... average selling price is dropping but in percentage of dropping is within single digit ... impact to bottomline is minimal .... bottomline do decrease but still in acceptable profit range ... without any non cash flow p&l adj. . .this qtr profit will be better than last year qtr.