KLSE: SSTEEL (5665)       SOUTHERN STEEL BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.525   -0.04 (7.08%)  0.525 - 0.56  13,400
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Market Cap: 313 Million
NOSH: 596 Million
Avg Volume (4 weeks):51,090
4 Weeks Range:0.525 - 0.58
4 Weeks Price Volatility (%):
52 Weeks Range:0.52 - 0.84
52 Weeks Price Volatility (%):
Average Price Target: 1.46
Price Target Upside/Downside: +0.935
Stamp duty exempted for year 2023

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2022 [#2]  |  20-Feb-2023
Next QR | Est. Ann. Date: 31-Mar-2023  |  25-May-2023
T4Q P/E | EY: -1.09  |  -91.48%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.84  |  0.63
T4Q NP Margin | ROE: -12.35%  |  -57.18%


Date Subject
21-Jul-2022 PublicInvest Research Headlines - 21 Jul 2022
21-Jul-2022 Mplus Market Pulse - 21 Jul 2022
21-Jul-2022 Singapore CoA Affirms Italian Plant Maker to Pay RM83 Mil to Southern Steel But Sets Aside RM176 Mil Damages

Business Background

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.
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  2 people like this.
DreamHunter sure boh
04/05/2021 2:47 AM
LossAversion Southern Steel, that's the way, aha, aha I like it!
04/05/2021 9:25 AM
abc1212 buy some southern steel next leonfb hahaha
04/05/2021 9:56 AM
abc1212 steel price will keep going up no worry mid long term invest
04/05/2021 9:57 AM
Xxxting u guys tp for this counter?
05/05/2021 12:05 AM
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
05/05/2021 12:09 AM
Xxxting thats alot of % to go up tho. steel counter ady up a while
05/05/2021 1:21 AM
Xxxting today up up?
05/05/2021 8:01 AM
Albukhary SSTEEL has been lag behind other steel counter for many weeks.
Its time to catch up.
05/05/2021 12:30 PM
LossAversion Finally, got rewarded today!!!
05/05/2021 2:44 PM
bullmarket1628 Post removed. Why?
05/05/2021 3:39 PM
05/05/2021 3:41 PM
DreamHunter vely strong up wor
05/05/2021 3:41 PM
DreamHunter steel play lagi kah
05/05/2021 3:42 PM
DreamHunter ha ha ha
05/05/2021 3:42 PM
excelyou SSteel is number 2. Engtex , most cheap steel stock.

Discount 50% of NTA of RM1.60
05/05/2021 3:44 PM
bullmarket1628 Post removed. Why?
06/05/2021 9:42 AM
Xxxting waiting for retrace to buy in moree
06/05/2021 11:57 PM
LossAversion https://focusmalaysia.my/featured/glove-vs-steel-through-the-crystal-ball-of-uncle-koon/
07/05/2021 12:48 PM
Xxxting monday prob will up due to steel price break new high again wauw
07/05/2021 8:54 PM
Xxxting selliing volume is biggg
10/05/2021 9:08 AM
LossAversion when is the Quarterly report ??
10/05/2021 9:26 AM
gcke To know the steel price today,view and open the link here - https://tradingeconomics.com/commodity/steel
17/05/2021 8:57 PM
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=5665
25/05/2021 7:27 PM
pang72 Knn.....
..... Steel king...
25/05/2021 8:07 PM
Albukhary 长钢老二正式回归。
25/05/2021 10:05 PM
Xxxting tp ?
25/05/2021 10:18 PM
Xxxting letsgooo 1.20
25/05/2021 10:18 PM
SEE_Research https://klse.i3investor.com/blogs/see_research/2021-05-25-story-h1565244021-NOW_SHOWING_THE_TRILOGY_OF_FAST_FURIOUS_SHOWS_PART_ANOTHER_CHOO_BEE_MET.jsp
25/05/2021 10:22 PM

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 )
26/05/2021 12:21 AM
SEE_Research For 27 May 2021

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.
27/05/2021 12:54 AM
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.
27/05/2021 10:29 AM
Xxxting y still cant up even with good qr
28/05/2021 5:38 PM
Kristina Melody so quiet here.
11/06/2021 3:05 PM
Yong Meng https://menginvestlife.blogspot.com/2021/07/050.html 050 - 钢铁行业状况
15/07/2021 9:03 AM
tehka Any sifu target price for ssteel?
30/07/2021 12:47 PM
bullmarket1628 Post removed. Why?
26/08/2021 4:03 PM
VTrade Steel lower production in china. Iron ore also drop
06/09/2021 9:54 PM
BursaRangers https://klse.i3investor.com/blogs/BursaRangersTechnicalPicks/2021-09-08-story-h1570812955-BursaRangers_Daily_Technical_Picks_09_September_2021.jsp
08/09/2021 10:12 PM
Johnzhang http://newswav.com/A2110_g7A3q1/
Good news for steel companies in Malaysia
15/10/2021 9:36 PM
s3eve What is target price now?
03/11/2021 12:22 PM
ming Wow~ surprising no affect by lock down
11/11/2021 6:56 PM
Albukhary Very good QR, not affect by MCO.
Next quarter will be even better
12/11/2021 1:04 AM
Johnzhang Excellent profit despite MCO lockdown during the qtr.
12/11/2021 5:41 AM
EatCoconutCanWin Trapped... Bought this morning 0.855.. haiz
12/11/2021 2:08 PM
6166chats Steel price drop 111 currently 4350
12/11/2021 2:27 PM
hantamking https://tradingeconomics.com/commodity/steel

Steel price recover ^^
06/12/2021 2:27 PM
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.
28/01/2022 9:38 PM
pang72 Not even 1c eps..
Steel booming meh?
25/05/2022 10:17 PM
ironstockhunter One Up on Malaysia’s Steel Industry

10/08/2022 3:25 PM

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