SOUTHERN STEEL BHD

KLSE (MYR): SSTEEL (5665)

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Last Price

0.51

Today's Change

-0.005 (0.97%)

Day's Change

0.51 - 0.52

Trading Volume

73,800

Financial

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Last 10 FY Result
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Revenue 2,299,236 2,219,896 2,246,895 2,386,435 2,308,915 1,740,711 1,912,736 3,135,484 3,698,191 2,638,142 2,400,495 2,529,605 -1.30%
PBT -98,132 -46,116 -59,246 -143,776 95,265 65,016 -456,598 -158,184 223,859 110,122 -213,129 -136,743 -8.86%
Tax -4,884 4,279 3,624 2,051 -189,768 -16,732 -10,317 39,275 -12,614 -14,929 -6,754 19,784 -17.17%
NP -103,016 -41,837 -55,622 -141,725 -94,503 48,284 -466,915 -118,909 211,245 95,193 -219,883 -116,959 -7.91%
-
NP to SH -102,776 -41,945 -55,843 -141,437 -94,897 47,926 -467,055 -119,048 210,847 93,295 -221,153 -117,581 -7.93%
-
Tax Rate - - - - 199.20% 25.74% - - 5.63% 13.56% - - -
Total Cost 2,402,252 2,261,733 2,302,517 2,528,160 2,403,418 1,692,427 2,379,651 3,254,393 3,486,946 2,542,949 2,620,378 2,646,564 -1.53%
-
Net Worth 542,564 542,564 566,413 626,043 632,092 727,502 569,871 854,275 966,506 752,447 679,438 906,082 -5.08%
Dividend
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Div - - - - - - - - - 12,681 - - -
Div Payout % - - - - - - - - - 13.59% - - -
Equity
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Net Worth 542,564 542,564 566,413 626,043 632,092 727,502 569,871 854,275 966,506 752,447 679,438 906,082 -5.08%
NOSH 596,313 596,313 596,313 596,313 596,313 596,313 596,313 433,642 433,642 422,723 419,406 419,482 3.98%
Ratio Analysis
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
NP Margin -4.48% -1.88% -2.48% -5.94% -4.09% 2.77% -24.41% -3.79% 5.71% 3.61% -9.16% -4.62% -
ROE -18.94% -7.73% -9.86% -22.59% -15.01% 6.59% -81.96% -13.94% 21.82% 12.40% -32.55% -12.98% -
Per Share
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
RPS 385.63 372.33 376.85 400.25 387.20 291.91 379.28 723.06 853.28 624.08 572.36 603.03 -5.08%
EPS -17.24 -7.04 -9.37 -23.72 -14.91 8.04 -92.61 -27.45 48.78 22.07 -52.73 -28.03 -11.45%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.00 0.00 0.00 -
NAPS 0.91 0.91 0.95 1.05 1.06 1.22 1.13 1.97 2.23 1.78 1.62 2.16 -8.71%
Adjusted Per Share Value based on latest NOSH - 596,313
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
RPS 385.58 372.27 376.80 400.20 387.20 291.91 320.76 525.81 620.18 442.41 402.56 424.21 -1.30%
EPS -17.24 -7.03 -9.36 -23.72 -14.91 8.04 -78.32 -19.96 35.36 15.65 -37.09 -19.72 -7.93%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.13 0.00 0.00 -
NAPS 0.9099 0.9099 0.9499 1.0499 1.06 1.22 0.9557 1.4326 1.6208 1.2618 1.1394 1.5195 -5.08%
Price Multiplier on Financial Quarter End Date
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Date 30/09/24 30/09/24 28/06/24 30/06/23 30/06/22 30/06/21 30/06/20 28/06/19 29/06/18 30/06/17 30/06/16 30/06/15 -
Price 0.52 0.52 0.59 0.525 0.695 0.835 0.465 0.915 1.56 1.69 0.98 0.95 -
P/RPS 0.13 0.14 0.16 0.13 0.18 0.29 0.12 0.13 0.18 0.27 0.17 0.16 0.00%
P/EPS -3.02 -7.39 -6.30 -2.21 -4.37 10.39 -0.50 -3.33 3.21 7.66 -1.86 -3.39 7.12%
EY -33.15 -13.53 -15.87 -45.18 -22.90 9.63 -199.17 -30.00 31.18 13.06 -53.81 -29.51 -6.65%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.78 0.00 0.00 -
P/NAPS 0.57 0.57 0.62 0.50 0.66 0.68 0.41 0.46 0.70 0.95 0.60 0.44 3.88%
Price Multiplier on Announcement Date
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Date 11/11/24 11/11/24 28/08/24 29/08/23 30/08/22 21/09/21 24/08/20 26/08/19 24/08/18 24/08/17 22/08/16 20/08/15 -
Price 0.55 0.55 0.50 0.65 0.70 0.83 0.43 0.94 1.72 2.13 1.04 0.85 -
P/RPS 0.14 0.15 0.13 0.16 0.18 0.28 0.11 0.13 0.20 0.34 0.18 0.14 -0.81%
P/EPS -3.19 -7.82 -5.34 -2.74 -4.40 10.33 -0.46 -3.42 3.54 9.65 -1.97 -3.03 6.49%
EY -31.34 -12.79 -18.73 -36.50 -22.73 9.68 -215.38 -29.21 28.28 10.36 -50.70 -32.98 -6.08%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.41 0.00 0.00 -
P/NAPS 0.60 0.60 0.53 0.62 0.66 0.68 0.38 0.48 0.77 1.20 0.64 0.39 3.46%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
2 people like this. Showing 50 of 4,664 comments

Albukhary

This type of announcement make us more convince there is something brewing.

2023-10-27 14:21

Albukhary

Last time when The Edge first reported that Boustead have intention to dispose BPLANT, Boustead also announce that it has not aware about any agreement entered by its major shareholder LTAT.

2023-10-27 14:26

TiGongPoPiPopi

Post removed.Why?

2023-10-29 15:52

Jnlee

Mari lagi?

2023-10-30 13:32

Ahmadrazak

SSTEEL deal going to announce soon ?

2023-10-30 14:33

Ahmadrazak

Price up even company denied the news, meaning deal going to announce very soon.

2023-10-30 14:41

Albukhary

As I mentioned earlier, this is real deal.

2023-10-30 14:44

Ahmadrazak

Albukhary, 70% stakes in SSTEEL sell at RM750Mil ?

2023-10-30 14:48

Albukhary

As per my own calculation, RM750mil is the entire company market cap.
RM750mil / 600mil share, approximately RM1.25.

2023-10-30 15:00

Albukhary

This counter is being cornered d, floating share is very minimal.
Once the news is confirmed, then immediately will shoot above RM1.

2023-10-30 15:02

Ahmadrazak

Waooo, RM1.25 per share still got 50% upside from current share price 80sen now.

2023-10-30 15:09

Ahmadrazak

Pray for limit up today 97.5sen.

2023-10-30 15:12

newbie9893

confirmed limit up today

2023-10-30 15:14

Cnlim

then you better take all the seller 😄😄😄

2023-10-30 15:19

newbie9893

SSTEEL deal confirmed...kasih limit up

2023-10-30 15:24

Ahmadrazak

Last min sapu, deal look confirm

2023-10-30 16:41

MichelleNg

What deal confirmed? Tomorrow limit up?

2023-10-30 20:45

zildjian

will suspend anytime soon

2023-10-30 22:43

Ahmadrazak

Tan Sri Quek want to sell at RM2.30 per share.

2023-10-31 08:52

Ahmadrazak

Hong Leong Group looking to sell its 70% stake in steel manufacturer for as much as RM956 million.

PETALING JAYA: Southern Steel Bhd’s shares surged 31.25% or 18 sen on reports that billionaire Quek Leng Chan’s Hong Leong Group is considering selling its stake in the steel products manufacturer for as much as US$200 million (RM956 million).

It hit an intraday high of 74 sen before paring its gains and closing at 73.5 sen with 1.32 million shares traded. People familiar with the matter said the Quek-controlled Hong Leong Group is working with advisers on the planned divestment of its 70% stake, according to a Bloomberg News report.Should the deal go through at the higher range of the valuation, it would be more than double the company’s current market value of RM438.29 million. headtopics.com

Additionally, they said the conglomerate and its advisers have reached out to companies within the industry and financial investors in gauging their interest. Apart from Hong Leong Manufacturing Group Sdn Bhd and Signaland Sdn Bhd, which are members of Hong Leong Group Malaysia, its other shareholders include the founding business families based in Penang, according to its website.

Southern Steel was listed in in 1993 on the Kuala Lumpur Stock Exchange, now known as Bursa Malaysia.

2023-10-31 09:18

Cnlim

who is going to buy at such price?

2023-10-31 09:18

Ahmadrazak

Tan Sri Quek want to sell 70% SSTEEL at RM956Million. This equal to RM2.30 per share. Now share price only 80sen, still got 3x upside.

2023-10-31 09:19

Atacms

In that case, who wanna buy it if he sell at RM956 m as it's equivalent to RM2.30 per share 😅

2023-10-31 13:21

Atacms

even though SSteel is not so profitable, but it's able to make more than RM400 mil per quarter

2023-11-01 14:40

Albukhary

waiting for announcement

2023-11-02 18:34

Atacms

Quek will sell to MPI 😆

2023-11-03 15:38

newbie9893

bottom fishing?

2023-11-09 12:02

newbie9893

Hi big shark, bila nal goreng up lagi

2023-11-09 15:15

Atacms

Wait for anther announcement from Uncle Quek 😁

2023-11-15 14:21

stncws

look hot today....mycron.....steel QR this month

2023-11-15 14:23

AhHuat168

time to collect and keep

2023-11-16 16:58

Albukhary

Hong Leong cannot find buyer?

2023-11-28 12:55

Atacms

I guess so. Still waiting for the latest announcement on that ...

2023-12-04 16:44

Albukhary

Disposal proposal on table again? USD200mil?

2023-12-06 12:02

Cnlim

up you all will say proposal on table down say no deal haha

2023-12-06 12:51

Albukhary

@Cnlim, this is the fun part of being in the stock market.
When topic is hot, we add oil and fire into it, make it more hot.
When topic is cold, we put it into freezer quietly.

2023-12-06 13:30

Albukhary

Can you smell something is brewing?
USD200mil proposal is going to reveal soon...

2023-12-06 16:29

Albukhary

Cold cold winter again

2023-12-08 12:03

Atacms

@Albukhary. Mind to share the news link?

2023-12-13 13:36

Albukhary

You can google it, first news was from The Edge.

2023-12-13 14:03

Atacms

Hong Leong started disposing .. I guess they found a buyer to buy over SSTEEL alrdy

2023-12-21 09:47

Atacms

But it made us wondering who the buyer was, hehe

2023-12-26 11:34

Atacms

Steel demand in India rises 11.3%; Icra adjusts FY2025 growth target to 9-10%

Read more at:
https://energy.economictimes.indiatimes.com/news/coal/steel-demand-in-india-rises-11-3-icra-adjusts-fy2025-growth-target-to-9-10/110662750

2024-06-04 16:57

Atacms

Infra projects a boon for steel sector

https://www.thestar.com.my/business/business-news/2024/07/02/infra-projects-a-boon-for-steel-sector

2024-07-03 12:12

Solomon007

Of late, many positive news on this stock. Perhaps can watch out.

1 month ago

Albukhary

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3498208

1 month ago

Albukhary

Attention needed on this news.
Based on my own understanding and interpretation, this settlement will resulted in a gain of approximately RM200mil for SSTEEL, am I right?

Any expert that have follow up this case since 2019 can share your opinion here? Because the company have already recognise the losses on 2019, that why I am expecting there should be a gain based on this settlement agreement.

1 month ago

Albukhary

https://theedgemalaysia.com/node/733158

1 month ago

Albukhary

Based on share capital of around 600mil share.
If SSTEEL is going to recognise 100mil gain, there will be EPS of 16sen.
If 150mil gain, then there will be EPS 25sen.
If 200mil gain, then there will be EPS 33sen.

And with this RM200 mil cash received, assume it has fully use to pair off its debt.
Based on 5% per year, this RM200mil will save interest cost by 10mil.

1 month ago

Albukhary

Today SSTEEL heng heng!

1 month ago

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