Posted by shpg22 > 2019-12-08 11:49 | Report Abuse

Reading back the thread, discovered my post more than 1 year ago and the comment from another which is quite interesting. Its posted when the price is around 1.30, with low P/E and high DY.

shpg22 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.
06/10/2018 1:03 AM

s3eve @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..
10/10/2018 12:17 PM

Posted by khatulistiwa1234 > 2019-12-30 14:27 | Report Abuse

0.90 on board is occupy , after all LONG BAR demand is huge increase , from oversea and LOCAL dealer .

Posted by hoh888 > 2020-01-02 14:50 | Report Abuse

Buy call , today will hit the upper limit

Posted by Newbieinshare > 2020-01-02 15:11 | Report Abuse

buy ssteel... masteel and lionind up a lot. ssteel will eventually follow

Posted by gcke > 2020-01-02 15:26 | Report Abuse

Southern Steel Berhad (“SSB” or the “Company”)
MATERIAL LITIGATION – FINAL AWARD
A. Final Award for Arbitration Proceedings by Southern HRC Sdn Bhd (“SHRC”) against Danieli & C. Officine Meccaniche S.p.A (“Danieli”) and Danieli Malaysia Sdn Bhd (“DMSB”) and Arbitration Proceedings against SHRC by Danieli and DMSB;
B. Final Award for Arbitration Proceedings Between SHRC and Danieli Co. Ltd (“Danieli Thailand”)
SSB wishes to announce that the Tribunal has decided and determined as follows:
A. Arbitration proceedings by SHRC against Danieli and DMSB; and Arbitration proceedings against SHRC by Danieli and DMSB
The Tribunal decided in SHRC’s favour and awarded the following:-
i) ii) iii)
iv) v) vi)
vii)
viii)
B. Arbitration proceedings against SHRC by Danieli Thailand
The Tribunal decided in Danieli Thailand’s favour and awarded the following:- i)
ii)
We refer to the announcement of SSB’s Quarterly Report for the first quarter ended 30 September 2019 dated 21 November 2019 wherein it was mentioned that the parties were
awaiting the decision of the arbitration tribunal (“Tribunal”) in respect of the Arbitration
Proceedings.

the Contract is rescinded
the Service Agreement is rescinded;
Danieli and DMSB shall repay SHRC the Contract Price in the amount of
EUR92,700,000 minus EUR 15 million and RM270 million after taking into
consideration the use of the Plant and its plausible diminution in value;
Danieli and DMSB shall pay SHRC RM176,245,250 as damages for
misrepresentation;
in consideration of the payments set out above, SHRC shall transfer the title to the
Plant, together with additional equipment installed thereon, to Danieli.
Danieli and DMSB shall pay SHRC pre-award interest for amount payable under
paragraph (iii) above from 16 June 2011 at the rate of 2% simple interest per
annum until the date of the final award;
Danieli and DMSB shall pay SHRC post-award interest if Danieli fails to pay the
award in paragraph (iii), (iv) and (vi) within 90 days from 28 November 2019 at the
rate of 5.33% simple interest per annum; and
Danieli and DMSB shall pay SHRC the sum of EUR4,416,302.84 as its legal costs
and the sum of USD667,500 as the costs of the arbitration proceedings.
SHRC shall pay Danieli Thailand the sum of EUR 2,795,796.98 (“Second Award”)
being the balance purchase price of spare parts under the Sale Contract;
SHRC shall pay Danieli Thailand pre-award interest at the rate of EURIBOR+1%;

Posted by gcke > 2020-01-02 15:28 | Report Abuse

cont'd:iii)
iv)
Arising from this award, upon receipt of the requisite payments from Danieli, the Plant currently stated at RM423 million will be removed from its Balance Sheet. There are also other plants and equipment including spares (currently stated at RM 244 million) which are part of hot rolled coil investment, where impairment needs to be assessed. Although there will be negative impact to SSB’s Balance Sheet, there will be significant positive cash flow impact to SSB.
The net financial impact will be announced after due assessment. This announcement is dated 2 December 2019.

Posted by gcke > 2020-01-02 15:29 | Report Abuse

can this news supports or underpins the bullishness of the stock price even though PBT falls by a great margin at the last financial year?

Posted by jerret > 2020-01-02 15:43 | Report Abuse

https://www.barrons.com/articles/arcelormittal-accident-steel-prices-accident-steelmaking-51577801744?mod=hp_LATEST

Posted by jerret > 2020-01-02 15:44 | Report Abuse

全球最大钢铁Arcelor Mittal发生火灾意外，导致今日钢铁暴涨
Fire accident at Arcelor Mittal, the world's largest steel cause the momentum of the steel counter

Posted by khatulistiwa1234 > 2020-01-02 16:31 | Report Abuse

Profit taking

Posted by T800Terminator > 2020-01-02 20:12 | Report Abuse

Tomorrow 0.90?

Posted by ivanlau > 2020-01-02 20:14 | Report Abuse

market supply still more than demand..... coming quarter result believe still weak, beware.......

Posted by T800Terminator > 2020-01-03 21:00 | Report Abuse

Sold all at 0.875. Monday Q at 0.82 2nd round. Kikikiki.

Posted by T800Terminator > 2020-01-06 22:14 | Report Abuse

I’m in again at 0.825.......

Posted by dlau8899 > 2020-02-13 16:57 | Report Abuse

Going up 0.82

Posted by EngineeringProfit > 2020-02-14 15:28 | Report Abuse

Yes, in again today

Posted by Cakes Moon > 2020-02-25 18:47 | Report Abuse

Walao, company making huge lost & NTA value wiped out 77 cents this quarter.
Tomorrow be prepare to gap down!!!

Posted by vinc3nt > 2020-02-25 20:09 | Report Abuse

wow

Posted by thesteward > 2020-04-22 12:08 | Report Abuse

Soon in Play

Posted by EatCoconutCanWin > 2020-05-15 14:13 | Report Abuse

what!! Southern Steel produce steel shield that can prevent covid-19 virus. Magic weapon coming soon.

Posted by winlast > 2020-05-18 22:41 | Report Abuse

ssteel on its move upwards

Posted by khatulistiwa1234 > 2020-05-30 11:05 | Report Abuse

Bankrupt gone .

Posted by Albukhary > 2020-08-07 00:36 | Report Abuse

Southern steel supply steel bar to Glove Plant.

Yes, tomorrow limit up.

Posted by Albukhary > 2020-08-24 19:47 | Report Abuse

Lowest revenue is his record

Posted by bali > 2020-11-08 08:46 | Report Abuse

Biden win, war trade might end, big stimulus to steel counter

Posted by Ng Siew Lan > 2020-11-14 18:06 | Report Abuse

What happened on this counter?

Posted by ming > 2020-11-22 18:39 | Report Abuse

Glove made by steel.. xD

Posted by Spotgorengshare > 2020-11-24 01:31 | Report Abuse

ssteel tmr start fly

Posted by IvanC > 2020-12-02 15:20 | Report Abuse

buy!!! still a lot room to go up

Posted by mrmeow > 2020-12-03 15:59 | Report Abuse

ARANK < Hidden aluminium counter that is yet to fly exponentially

Posted by Albukhary > 2020-12-06 00:30 | Report Abuse

minimum is Rm1.00

Posted by Ng Siew Lan > 2020-12-08 20:07 | Report Abuse

When start to fly

Posted by godhand > 2020-12-08 20:07 | Report Abuse

after all weak holders a flushed out

Posted by tkl88 > 2020-12-09 10:52 |

Post removed.Why?

Posted by khatulistiwa1234 > 2020-12-11 13:29 | Report Abuse

KISSING STOCK .

Posted by Sesuke > 2020-12-11 19:21 | Report Abuse

Monday will be more plus

Posted by IvanC > 2020-12-15 17:40 | Report Abuse

still alot weak holder, need some time to wash out.

Posted by IvanC > 2020-12-23 11:35 | Report Abuse

wash weak holder success, is showtime

Posted by tkl88 > 2020-12-26 08:23 | Report Abuse

Next week is the windows dressing, will be the super bull market for KLSE !

Posted by tkl88 > 2020-12-26 08:23 | Report Abuse

Huat ah ! Heng ah ! Ong ah !

Posted by Albukhary > 2020-12-28 19:24 | Report Abuse

Next level is RM1.10, then RM1.30

Posted by IvanC > 2021-01-04 13:37 | Report Abuse

patient... expect to have fake break line drop

Posted by Albukhary > 2021-01-06 01:43 | Report Abuse

I heard that due to the East Coast flood, now Eastern Steel production and delivery has affected. So all buyer swift their order to SSTEEL and ANNJOO.

Posted by DreamCapturer > 2021-01-06 01:47 | Report Abuse

Down 2.5 sen

Posted by DreamCapturer > 2021-01-06 01:47 | Report Abuse

Down 3.12%

Posted by DreamCapturer > 2021-01-06 01:48 | Report Abuse

Boleh la bikin siasat sikit

Posted by DreamCapturer > 2021-01-06 01:48 | Report Abuse

Cari tengok apa itu masalah

Posted by DreamCapturer > 2021-01-06 01:49 | Report Abuse

Then bikin remedial measures sikit la

Posted by DreamCapturer > 2021-01-06 01:49 | Report Abuse

Good luck

Posted by Albukhary > 2021-01-11 00:57 | Report Abuse

工部接白皮书 修6政策惠钢铁业
2021年01月09日

（吉隆坡9日讯）国际贸易与工业部在2019年接获国内钢铁业者提呈的白皮书后，为该行业的当前政策进行6项修订，从而令本地业者在长远中获益。

“The Edge”周刊报道，根据贸工部在去年12月向钢铁业者发出的一份信函中，该部对有关政策进行6项修订，分别为：
1）收紧发放新制造执照的条件；
2）将当前关税结构（包括长型和扁平产品）的5至15％税率有效期，延长至2021年12月31日；
3）通过出口准证机制对钢铁废料征收15％的出口税；
4）通过有准证的制造仓库和免税区，提供申请免进口税或退税便利设施的选择；
5）严格考虑金属废料回收活动的制造许可证；
6）对于金属废料进口，如今允许从事回收活动的制造准证持有人进口铁、铜和铝的金属废料，而贸易商则不允许进口。

贸工部也在信中说，上述修订将一直持续到今年12月31日。在此之前，任何进一步修订将受限于新工业大蓝图的政策导向。

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报道指出，随着政府修订钢铁政策，从长远来看，预计将使整个价值链中的本地企业受益。

钢铁业者于2019年4月30日向政府提呈涵盖68个建议的钢铁业白皮书，业界和各相关协会包括马来西亚钢铁工业联合会，与政府举行集思广益的咨询会议，为钢铁业今后的方向寻求共识。

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收紧新准证标准

业者指出，他们对政府针对行业的长期生产准证采取行动感到欣慰，因为通过收紧新准证的标准可以保护制造商。

大马钢铁工业联合会在去年2月，反对文安钢铁计划（Wenan）在砂拉越民都鲁可再生能源走廊的Samalaju工业园展开新的投资项目，因为若这计划落实，本地钢铁业预计该建议中每年1000万公吨的钢铁产量将会造成国内产量过剩情况进一步恶化。

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他们同时担心，文安钢铁计划因其规模大而能提供更好的废金属价格，从而将废金属拖入市场，导致国内钢铁制造厂亏损。

业内资深人士说：“现在，随着钢铁政策的更新，从长远来看，似乎可解决新的制造准证问题。

“当然，（当局）没有很清楚地表明文安钢铁计划已关闭。尽管有人告知他们已获得生产准证，但尚未知道是否已经向他们颁发生产许可证。”

此外，业者们也欢迎延长扁平产品的进口关税，因为这解决了扁平钢铁倾销问题。

不过，一位业界观察人士指这倾销问题已不是什么大问题，因为中国一直在购买和消耗钢铁，而不是将其倾销在本地数个公司中。

盼重振美佳钢铁

本地钢铁业者向政府提呈的白皮书中，也包含了重振国内最大的热轧钢制造商美佳钢铁（Megasteel）。

作为我国唯一的热轧卷制造商，美佳钢铁在2016年因现金问题而停止运营，并将资产出售给姐妹公司金狮工业（LIONIND，4235，主板工业产品服务组）。

此前有报道称，LICB正在考虑建造一座高炉，其年产能为300万吨铁水。

业界人士说，当局将对钢铁废料征收15％的出口税，是确保本地钢铁废料不会出口。废料是可以在当地工厂的电炉和高炉中使用的原材料。

“若外国买家积极购买本地废钢，那么美佳钢铁的定价将遇到问题。钢铁订单大多是预购订单。当你锁定订单却无法采购原材料时，将会对价格机制造成破坏。”