SOUTHERN STEEL BHD

KLSE (MYR): SSTEEL (5665)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

0.81

Today's Change

+0.01 (1.25%)

Day's Change

0.80 - 0.81

Trading Volume

65,700

Overview

Market Cap

483 Million

NOSH

596 Million

Avg Volume (4 weeks)

83,388

4 Weeks Range

0.785 - 0.83

4 Weeks Price Volatility (%)

55.56%

52 Weeks Range

0.72 - 1.15

52 Weeks Price Volatility (%)

20.93%

Previous Close

0.81

Open

0.81

Bid

0.80 x 1,600

Ask

0.81 x 170,300

Day's Range

0.80 - 0.81

Trading Volume

65,700

Financial Highlight

Latest Quarter | Ann. Date

31-Dec-2021 [#2] | 28-Feb-2022

Next QR | Est. Ann. Date

31-Mar-2022 | 25-May-2022

T4Q P/E | EY

3.67 | 27.25%

T4Q DY | Payout %

0.00% | 0.00%

T4Q NAPS | P/NAPS

1.33 | 0.61

T4Q NP Margin | ROE

6.64% | 16.60%

Market Buzz
Company Profile

Sector: INDUSTRIAL PRODUCTS & SERVICES

Sector: INDUSTRIAL PRODUCTS & SERVICES

Subsector: METALS

Subsector: METALS

Description:

Southern Steel Bhd is an investment holding company, which engages in the manufacture, sale, and trade of billets, steel bars, and wire rods. Business activity of the firm is operated through two reportable segments namely Steel Products, and Investment Holding and Others. Its products include carbon steel wire rods, steel pipes, drawn wires, tire bead wires, wire mesh, wire ropes, and galvanized wires and strands. Geographically, the group has its business in the regions of Malaysia, ASEAN countries and in other regions of which most of the revenue is derived from Malaysia region.

Discussions
2 people like this. Showing 50 of 4,595 comments

DreamHunter

yah kah

2021-05-04 02:46

DreamHunter

sure boh

2021-05-04 02:47

LossAversion

Southern Steel, that's the way, aha, aha I like it!

2021-05-04 09:25

abc1212

buy some southern steel next leonfb hahaha

2021-05-04 09:56

abc1212

steel price will keep going up no worry mid long term invest

2021-05-04 09:57

Xxxting

u guys tp for this counter?

2021-05-05 00:05

Albukhary

back to year 2017, SSTEEL used to reach RM2.50.

For this round, I am not that greedy, RM1.80 I am satisfied d

2021-05-05 00:09

Xxxting

thats alot of % to go up tho. steel counter ady up a while

2021-05-05 01:21

Xxxting

today up up?

2021-05-05 08:01

Albukhary

SSTEEL has been lag behind other steel counter for many weeks.
Its time to catch up.

2021-05-05 12:30

LossAversion

Finally, got rewarded today!!!

2021-05-05 14:44

bullmarket1628

Post removed.Why?

2021-05-05 15:39

DreamHunter

waah

2021-05-05 15:41

DreamHunter

vely strong up wor

2021-05-05 15:41

DreamHunter

steel play lagi kah

2021-05-05 15:42

DreamHunter

ha ha ha

2021-05-05 15:42

excelyou

SSteel is number 2. Engtex , most cheap steel stock.

Discount 50% of NTA of RM1.60

2021-05-05 15:44

bullmarket1628

Post removed.Why?

2021-05-06 09:42

Xxxting

waiting for retrace to buy in moree

2021-05-06 23:57

Xxxting

monday prob will up due to steel price break new high again wauw

2021-05-07 20:54

Xxxting

selliing volume is biggg

2021-05-10 09:08

LossAversion

when is the Quarterly report ??

2021-05-10 09:26

gcke

To know the steel price today,view and open the link here - https://tradingeconomics.com/commodity/steel

2021-05-17 20:57

gcke

Very creditable and strong profit performance for 3 QR. Hopefully,recovery process continue to next quarter(QR) considering the strong steel price in the global market even though recently has somewhat stabilised. Read from : https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5...

2021-05-25 19:27

pang72

Knn.....
..... Steel king...

2021-05-25 20:07

Albukhary

长钢老二正式回归。
长期被低估的南达钢铁将在星期四重新出现在十大涨幅板。

2021-05-25 22:05

Xxxting

tp ?

2021-05-25 22:18

Xxxting

letsgooo 1.20

2021-05-25 22:18

SEE_Research

AN IMPORTANT MESSAGE FOR May, June 2021

Thanks to the rare convergence of these 2 important catalyst factors of this particular stock,

the clock is ticking down for you.

ALCOM GROUP BERHAD / 2674 has these 2 important catalyst factors, namely

ALCOM manufacture, supply :

Aluminium interrelated products
Aluminium commodity price is USD 2,156.25 per metric ton as at 21 Feb 2021
Aluminium commodity price is USD 2,305.00 per metric ton as at 24 May 2021
Historical high price now, as per May 2021 period ,
comparing to April 2020 ,then was USD 1,460.00 per metric ton

Recent good announcement by Alcom / 2674 on 23 Feb 2021
On the financial quarter with revenue RM 109,633,000.00
Record profit -for this financial quarter RM 10,074,000.00 ***
EPS : 7.50
*** = record


Recent good announcement by Alcom / 2674 on 25 May 2021
On the financial quarter with record revenue for this quarter RM 139,828,000.00 ***
Consistent profit -for this financial quarter RM 7,398,000.00
EPS : 5.51
*** = record

Amazing Earning per financial quarter = 7.50 + 5.51 + 5.51 + 5.51 = 24.03 cents, on the assumptions same for the coming quarters =24.03
Annualised per year 24.03 cents x 10 PER (price earning ratio )
Intrinsic value RM 2.40 less 30 % discount,
Final mid term target price RM 1.68




surge to limit up
For Alcom / 2674 --- 27 May 2021 / Thursday = RM 1.19 ( RM 0.30 )

Another metal stock similar in the making like Choo Bee Metal Industries Bhd., /5797 as per recent good financial announcement
21 May 2021 --

surge to limit up
Choo Bee / 5797 on 21 May 2021 = RM 1.64 (closed)
Choo Bee /5797 on 24 May 2021 = RM 2.13 ( closed - limit up +30 % = + RM 0.49 )

2021-05-26 00:21

SEE_Research

For 27 May 2021
Thursday

Alcom /2674,

Steel counters especially
Choo Bee,
Ann Joo will provide uptrend momentum for steel, aluminum sectors,
Plus Alcom /2674 will also help in aluminum sector for positive price uptrend.

2021-05-27 00:54

gcke

Quick take: Southern Steel rises 10% on turnaround

KUALA LUMPUR: The market reacted positively to the latest financial results from Southern Steel Bhd and its shares were up over 10% in early trade.

The steel products manufacturer advanced 10.05%, or 9.5 sen to RM1.04 with 1.9 million shares done. It has appreciated some 20.4% so far this year.

In the third quarter ended March 31, Southern Steel posted a net profit of RM40.83mil against a net loss of RM37.58mil in the same quarter last year.

Its revenue rose 4.87% to RRM493.27mil in the quarter ended March 31 from RM470.36mil previously.

In the first nine months to March 31, it posted a net profit of RM23.45mil versus a net loss of RM418.12mil.

However, its revenue for the period was 19.3% lower at RM1.38bil from RM1.71bil previously.

Southern Steel said although there was an improvement in the group’s performance, market conditions remained uncertain due to the Covid-19 pandemic.

“The group will continue to be responsive to market changes and the board expects to remain profitable in the final quarter of this financial year,” it said.

2021-05-27 10:29

Xxxting

y still cant up even with good qr

2021-05-28 17:38

Kristina Melody

so quiet here.

2021-06-11 15:05

tehka

Any sifu target price for ssteel?

2021-07-30 12:47

bullmarket1628

Post removed.Why?

2021-08-26 16:03

VTrade

Steel lower production in china. Iron ore also drop

2021-09-06 21:54

Johnzhang

http://newswav.com/A2110_g7A3q1/
Good news for steel companies in Malaysia

2021-10-15 21:36

s3eve

What is target price now?

2021-11-03 12:22

ming

Wow~ surprising no affect by lock down

2021-11-11 18:56

ipohwhitecoffee

Good QR here

2021-11-11 21:55

Albukhary

Very good QR, not affect by MCO.
Next quarter will be even better

2021-11-12 01:04

Johnzhang

Excellent profit despite MCO lockdown during the qtr.

2021-11-12 05:41

EatCoconutCanWin

Trapped... Bought this morning 0.855.. haiz

2021-11-12 14:08

6166chats

Steel price drop 111 currently 4350

2021-11-12 14:27

hantamking

https://tradingeconomics.com/commodity/steel

Steel price recover ^^

2021-12-06 14:27

Johnzhang

Shanghai steel futures broke the CNY 5000 per tonne mark, the highest since late October, amid limited supply, rising iron ore and nickel prices, and prospects of a boom in demand. Production in China is likely to be constrained in the first quarter due to factories maintenance, the Lunar New Year holidays, and efforts by the government to limit pollution during the Beijing Winter Olympics. At the same time, prices of steelmaking ingredients nickel and iron ore remain elevated, with possible supply disruptions in top iron ore exporter Australia due to a surge in coronavirus cases. Meanwhile, there are prospects demand in China will increase in the second quarter of the year as the construction and infrastructure sectors pick up and the Chinese authorities adopt stimulus measures to shore up the economy.

2022-01-28 21:38

Post a Comment