SOUTHERN STEEL BHD

KLSE (MYR): SSTEEL (5665)

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Last Price

0.59

Today's Change

+0.015 (2.61%)

Day's Change

0.585 - 0.60

Trading Volume

51,600


2 people like this.

4,657 comment(s). Last comment by Atacms 2023-12-26 11:34

Warn3r

792 posts

Posted by Warn3r > 2018-08-28 07:37 | Report Abuse

trulyinvest, my old friend who is now inactive here once told me that there’s reserves and insurance on the court case. Lose also no big impact but if won then is a bonus.

Posted by stella90 > 2018-08-28 10:07 | Report Abuse

buy at 1.84 and wait until now 1.64.. lol.. report out, the result was good, but why the stock price keep decrease????????

Warn3r

792 posts

Posted by Warn3r > 2018-08-28 10:32 | Report Abuse

stella, Ssteel’s QR was not bad but not exactly good. There’re too many uncertainties at this point. Personally, I think the poor market sentiment towards steel is why it’s stuck at such low PE.

If the EPS was 12-14 cents for the recent quarter, then it would have Lifted itself from the bad spell. At EPS 8 cents, which is boosted by tax refund, it was really sitting on the boarder line which gave no clear msg. Will next few quarters be better (I seriously hope so). Or will it remain stuck at EPS 8 cents?

EPS 8 cents per quarter is actually pretty good itself. That’s if the market finally give it a PE or 8-12...

s3eve

78 posts

Posted by s3eve > 2018-08-28 12:10 | Report Abuse

good buy

ming

2,054 posts

Posted by ming > 2018-08-28 13:41 | Report Abuse

Lose to market sentiment instead of company fundamental..

ramada

3,955 posts

Posted by ramada > 2018-08-28 16:49 | Report Abuse

Sometimes I feel sympathy to Southern Steel. They have recorded four good quarterly results continuously but share price didn't follow.

Warn3r

792 posts

Posted by Warn3r > 2018-08-28 17:32 | Report Abuse

Exactly. Even if we compare the EPS with Annjoo, I think ssteel won 5-6 quarters straight. But Annjoo price is always higher. Wtf.

Posted by cresbinvest > 2018-08-29 23:33 |

Post removed.Why?

ming

2,054 posts

Posted by ming > 2018-08-30 00:43 | Report Abuse

Nx qr declare more dividend then story will be different.. hope so haha

s3eve

78 posts

Posted by s3eve > 2018-08-30 14:31 | Report Abuse

will shoot up in time.. cannot repress it artificially for long...

Warn3r

792 posts

Posted by Warn3r > 2018-08-30 16:34 | Report Abuse

What happened? Did the steel mill catch fire and got burnt down into ashes?

Posted by Invest_Sensibly > 2018-08-30 16:36 | Report Abuse

Ooi Teik Bee I follow international accounting rule,
compared Q4 2018 against Q4 2017, the result is good.
I hope I am not wrong.
Please note that I am not an accountant.
Thank you.
Ooi
24/08/2018 20:06

Thank you

Posted by faraday9933m > 2018-08-30 19:14 | Report Abuse

if history is a guide ,next quarter should be much better.

ming

2,054 posts

Posted by ming > 2018-08-31 18:10 | Report Abuse

Still depend the steel price in Sep.. as long as above 2400 then should better q-q

calvintaneng

53,266 posts

Posted by calvintaneng > 2018-09-01 13:32 | Report Abuse

See this important post on steel
https://klse.i3investor.com/blogs/invertinvestment/171650.jsp

Warn3r

792 posts

Posted by Warn3r > 2018-09-03 11:18 | Report Abuse

31 May 2018 when all the bad news came, Ssteel dropped to RM 1.58. Lionind dropped to RM 0.70.

Last quarter, Ssteel did the best amongst all, in my opinion, yet now it’s lower than the dip on 31 May and Lionind is 25% higher than that dip...

Just want to say how I feel, which is WTF.

Warn3r

792 posts

Posted by Warn3r > 2018-09-03 11:32 | Report Abuse

Lionind PE 3.51 @ 88.5 cents. Masteel PE 3.46 @ 62.0 cents. Ssteel PE 3.18 @ 1.55?!

Better management and more consistent result in the past 2 years than Masteel. 3.5 PE at EPS 49 cents is RM 1.71. Oversold.

wilson2017

171 posts

Posted by wilson2017 > 2018-09-03 23:09 | Report Abuse

对于投资者们分享对所投资的公司或行业有利及不利消息之事,感激万分。不过对于那些卖空者由于私利,差不多每天都故意散播消息以便恐吓他人抛售,捞取暴利的行为感到不齿。如果提醒的话,讲一次就够了。每回都加油加醋,唯恐天下不乱似的,有空的话就照顾你的家人,别浪费时间在我们这些跟你没关系的人。我们是成年人,还是不用管我们,顾你的孩子吧!人在做,天在看,别有用心者,自重吧!

wilson2017

171 posts

Posted by wilson2017 > 2018-09-03 23:10 | Report Abuse

接下来,建材和产业前景都转好,让时间证明吧!到时看谁在低价偷偷累积呢。。。

wilson2017

171 posts

Posted by wilson2017 > 2018-09-03 23:10 | Report Abuse

别有用心者都在长钢股,ANNJOO/ SSTEEL/ LIONIND/ MASTEEL 高谈阔论呢!!

wilson2017

171 posts

Posted by wilson2017 > 2018-09-03 23:11 | Report Abuse

看不过眼的我就故意在这找渣。。呵呵

huahtai98

770 posts

Posted by huahtai98 > 2018-09-04 05:25 | Report Abuse

There are many predictions....but only one or none is correct.
Predicting is a risky game people.
I only make decisions based on the facts in hand.....but i remain open to all possibilities.
I don't try to act God.

JayC

1,302 posts

Posted by JayC > 2018-09-04 11:52 | Report Abuse

what is current rebar price?

Yael Jasper

2,178 posts

Posted by Yael Jasper > 2018-09-05 11:02 | Report Abuse

Well done, the profit can let me to buy more food.

Posted by jordanmaggie61 > 2018-09-05 11:40 | Report Abuse

Never regret for buying this stock, profit is real

goodluck999

1,210 posts

Posted by goodluck999 > 2018-09-05 13:27 | Report Abuse

near 1.50.. is the time to buy more using my extra fund from earlier disposal of other counters like MRCB and IWCITY

baohulu88

37 posts

Posted by baohulu88 > 2018-09-06 16:39 | Report Abuse

bottom up d.

Posted by jordanmaggie61 > 2018-09-07 11:41 | Report Abuse

Very confident stock, good to invest it and then can buy more car HAHAH!

s3eve

78 posts

Posted by s3eve > 2018-09-12 10:37 | Report Abuse

why so low suddenly

baohulu88

37 posts

Posted by baohulu88 > 2018-09-12 18:23 | Report Abuse

from 1.87 dropped til 1.39, heart attack

nash2233

77 posts

Posted by nash2233 > 2018-09-13 12:59 | Report Abuse

According to Lim Guan Eng:
Trade war to be positive for Malaysia over the next year or so, especially in electronics and steel production industries

http://www.theedgemarkets.com/article/lim-guan-eng-uschina-trade-war-has-benefitted-malaysia-short-term

Posted by jordanmaggie61 > 2018-09-13 14:15 | Report Abuse

Wow! earn more again! good stock, i have earned a lot to pay my bills.

dompeilee

11,888 posts

Posted by dompeilee > 2018-09-21 09:29 | Report Abuse

Bought SSteel @ 1.39 [Previous trade : Bought @ 1.51, Sold @ 1.76]

windcloud

1,393 posts

Posted by windcloud > 2018-09-21 09:44 | Report Abuse

Brought ssteel today at 1.39 and also 1.41 .... should have good rebound soon ....

Posted by jordanmaggie61 > 2018-09-21 09:49 | Report Abuse

Happy ! Good profit everyday hehehe

dompeilee

11,888 posts

Posted by dompeilee > 2018-09-21 09:50 | Report Abuse

Bought SSteel @ 1.39 [Previous trade : Bought @ 1.51, Sold @ 1.76]
21/09/2018 09:29

Winnnningggg =)

goodluck999

1,210 posts

Posted by goodluck999 > 2018-09-21 10:07 | Report Abuse

more units to be grabbed at current level 1.43-1.45 level for the purpose of averaging down..nothing to be worried about

Yael Jasper

2,178 posts

Posted by Yael Jasper > 2018-09-21 10:34 | Report Abuse

This quarter is making very good profits, the best ever!

ming

2,054 posts

Posted by ming > 2018-09-21 13:31 | Report Abuse

Left to the right, right to the left..
got wat i mean?

wakarimas

1,043 posts

Posted by wakarimas > 2018-10-01 18:20 | Report Abuse

Already at Low price, hardly down anymore. Accumulate a bit

Posted by factorrumour > 2018-10-01 23:36 | Report Abuse

higher yoy quarter results, more than double net profit in FY18, but price dropped all the way since q4 results announced, now not the chance to buy?

ming

2,054 posts

Posted by ming > 2018-10-02 00:59 | Report Abuse

Diam diam collect will do

Posted by Maurice1688 > 2018-10-04 11:06 | Report Abuse

can i get 1.3?

shpg22

2,984 posts

Posted by shpg22 > 2018-10-06 01:03 | Report Abuse

As with most steel company, SSTEEL is very cyclical in nature. Instead of looking at the past 4 quarters result, you should take a look at 10 year past result. Then you ll have a clearer picture. The best time to buy a steel stock is when it reported heavy losses and sell when it is still reported good result like now. The current low P/E is meaningless as it can turn negative at a blink of an eye.

s3eve

78 posts

Posted by s3eve > 2018-10-10 12:17 | Report Abuse

@Shpg22 - you should know what is going on rather than digging the graves of 10 years.. they did close the business which was bleeding a ~year back that resulted them to be net positive.. so to revert back to -ve is not going to happen... Also P/E cannot be meaningless but is definitely a factor... The share price is undervalued... and its got to do with the sentiment thats global right now but has got nothing to do with the strong company fundamentals..

hentara

87 posts

Posted by hentara > 2018-10-10 12:43 | Report Abuse

Steel guru's die-hard supporters can accumulate cheaply today.

hentara

87 posts

Posted by hentara > 2018-10-10 12:44 | Report Abuse

Warn3r must be very happy and excited now.

ming

2,054 posts

Posted by ming > 2018-10-11 00:14 | Report Abuse

No matter how bad the sentiment.. steel price is still at nice position and company still able making profit (although might not good as last year)..

PE 2.xx now.. at least i feel safe compare holding those PE 20-30 counter lo..

If u know wat u are buying.. nothing scare ba

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