Highlights
KLSE: SSTEEL (5665)       SOUTHERN STEEL BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.59   +0.01 (1.72%)  0.59 - 0.59  10,100
Trade this stock and receive a FREE I3investor T-shirt after 5 trades. Find out more.

Financials


Market Cap: 352 Million

Market Cap 352 Million
NOSH 596 Million

Latest Audited Result:  30-Jun-2023

Latest Audited Result: 30-Jun-2023
Announcement Date 11-Oct-2023
Next Audited Result: 30-Jun-2024
Est. Ann. Date: 11-Oct-2024
Est. Ann. Due Date: 27-Dec-2024

Latest Quarter:  31-Dec-2023 [#2]

Latest Quarter: 31-Dec-2023 [#2]
Announcement Date 23-Feb-2024
Next Quarter: 31-Mar-2024
Est. Ann. Date: 17-May-2024
Est. Ann. Due Date: 30-May-2024
QoQ | YoY   72.51%  |    82.08%

Annual (Unaudited) ( EPS: -23.72, P/E: -2.49 )

Revenue | NP to SH 2,386,435  |  -141,437
RPS | P/RPS 400.20 Cent  |  0.15
EPS | P/E | EY -23.72 Cent  |  -2.49  |  -40.20%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 1.05  |  0.56
YoY   -49.04%
NP Margin | ROE -5.94%  |  -22.59%
F.Y. | Ann. Date 30-Jun-2023  |  29-Aug-2023

T4Q Result ( EPS: -11.19, P/E: -5.27 )

Revenue | NP to SH 2,401,853  |  -66,745
RPS | P/RPS 402.78 Cent  |  0.15
EPS | P/E | EY -11.19 Cent  |  -5.27  |  -18.97%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.96  |  0.61
QoQ | YoY   42.75%  |    76.70%
NP Margin | ROE -2.76%  |  -11.66%
F.Y. | Ann. Date 31-Dec-2023  |  23-Feb-2024

Annualized Result ( EPS: -16.93, P/E: -3.49 )

Revenue | NP to SH 2,336,076  |  -100,948
RPS | P/RPS 391.75 Cent  |  0.15
EPS | P/E | EY -16.93 Cent  |  -3.49  |  -28.69%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   36.26%  |    59.67%
NP Margin | ROE -4.31%  |  -17.64%
F.Y. | Ann. Date 31-Dec-2023  |  23-Feb-2024


Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.

Click here to modify the Visible Columns.

Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
30-Jun-2024 23-Feb-2024 31-Dec-2023 2 566,230 -8,573 -10,821 -10,882 - 572,298 - % -1.91% -1.90% 596,144 94.98 94.96 -1.83 -1.82 0.00 0.00 0.9600 0.96   72.51%   82.08% 29-Dec-2023 0.635 0.67 -34.79 0.66 -2.87% 0.00% 23-Feb-2024 0.615 0.65 -33.69 0.64 -2.97% 0.00%
30-Jun-2024 09-Nov-2023 30-Sep-2023 1 601,808 -37,663 -39,539 -39,592 - 584,233 - % -6.57% -6.78% 596,157 100.95 100.92 -6.64 -6.64 0.00 0.00 0.9800 0.98   -120.79%   38.56% 29-Sep-2023 0.585 0.58 -8.81 0.60 -11.35% 0.00% 09-Nov-2023 0.70 0.69 -10.54 0.71 -9.49% 0.00%
30-Jun-2023 29-Aug-2023 30-Jun-2023 4 581,754 -23,513 -17,649 -17,932 - 626,043 - % -3.03% -2.86% 596,232 97.57 97.56 -3.01 -3.01 0.00 0.00 1.0500 1.05   -1,179.59%   89.09% 30-Jun-2023 0.525 0.54 -17.46 0.50 -5.73% 0.00% 29-Aug-2023 0.65 0.67 -21.61 0.62 -4.63% 0.00%
30-Jun-2023 17-May-2023 31-Mar-2023 3 652,061 3,697 1,702 1,661 - 506,866 - % 0.26% 0.33% 596,313 109.35 109.35 0.28 0.28 0.00 0.00 0.8500 0.85   102.74%   -47.12% 31-Mar-2023 0.525 0.48 188.48 0.62 0.53% 0.00% 17-May-2023 0.50 0.46 179.50 0.59 0.56% 0.00%
30-Jun-2023 20-Feb-2023 31-Dec-2022 2 578,586 -58,836 -61,043 -60,727 - 500,903 - % -10.55% -12.12% 596,313 97.03 97.03 -10.18 -10.18 0.00 0.00 0.8400 0.84   5.76%   -277.43% 30-Dec-2022 0.585 0.60 -5.74 0.70 -17.41% 0.00% 20-Feb-2023 0.59 0.61 -5.79 0.70 -17.26% 0.00%
30-Jun-2023 10-Nov-2022 30-Sep-2022 1 574,034 -65,124 -64,735 -64,439 - 566,497 - % -11.28% -11.37% 596,313 96.26 96.26 -10.81 -10.81 0.00 0.00 0.9500 0.95   60.80%   -300.63% 30-Sep-2022 0.645 0.67 -5.97 0.68 -16.75% 0.00% 0.53 0.55 -4.90 0.56 -20.39% 0.00%
30-Jun-2022 30-Aug-2022 30-Jun-2022 4 579,169 9,384 -164,281 -164,381 - 632,092 - % -28.36% -26.01% 596,313 97.12 97.12 -27.57 -27.57 0.00 0.00 1.0600 1.06   -5,333.40%   -771.74% 30-Jun-2022 0.695 0.72 -2.52 0.66 -39.66% 0.00% 30-Aug-2022 0.70 0.72 -2.54 0.66 -39.38% 0.00%
30-Jun-2022 25-May-2022 31-Mar-2022 3 591,115 5,888 3,197 3,141 - 793,096 - % 0.54% 0.40% 596,313 99.13 99.13 0.53 0.53 0.00 0.00 1.3300 1.33   -90.82%   -92.31% 31-Mar-2022 0.80 0.81 151.88 0.60 0.66% 0.00% 25-May-2022 0.79 0.80 149.98 0.59 0.67% 0.00%
30-Jun-2022 28-Feb-2022 31-Dec-2021 2 651,559 40,301 34,348 34,225 - 793,096 - % 5.27% 4.32% 596,313 109.26 109.26 5.74 5.74 0.00 0.00 1.3300 1.33   6.56%   218.08% 31-Dec-2021 0.82 0.75 14.29 0.62 7.00% 0.00% 28-Feb-2022 0.82 0.75 14.29 0.62 7.00% 0.00%
30-Jun-2022 11-Nov-2021 30-Sep-2021 1 487,072 39,692 32,233 32,118 - 757,318 - % 6.62% 4.24% 596,313 81.68 81.68 5.39 5.39 0.00 0.00 1.2700 1.27   31.25%   214.16% 30-Sep-2021 0.765 0.94 14.20 0.60 7.04% 0.00% 11-Nov-2021 0.80 0.98 14.85 0.63 6.73% 0.00%
30-Jun-2021 21-Sep-2021 30-Jun-2021 4 358,091 29,381 24,518 24,471 - 727,502 - % 6.85% 3.36% 596,313 60.05 60.05 4.10 4.10 0.00 0.00 1.2200 1.22   -40.07%   150.01% 30-Jun-2021 0.835 1.39 20.35 0.68 4.91% 0.00% 21-Sep-2021 0.83 1.38 20.23 0.68 4.94% 0.00%
30-Jun-2021 25-May-2021 31-Mar-2021 3 493,275 44,007 40,988 40,830 - 697,686 - % 8.31% 5.85% 596,313 82.72 82.72 6.85 6.85 0.00 0.00 1.1700 1.17   279.46%   208.64% 31-Mar-2021 0.80 0.97 11.68 0.68 8.56% 0.00% 0.945 1.14 13.80 0.81 7.25% 0.00%
30-Jun-2021 24-Feb-2021 31-Dec-2020 2 444,948 18,107 10,852 10,760 - 655,944 - % 2.44% 1.64% 596,313 74.62 74.62 1.80 1.80 0.00 0.00 1.1000 1.10   138.25%   103.21% 31-Dec-2020 0.855 1.15 47.38 0.78 2.11% 0.00% 24-Feb-2021 0.80 1.07 44.34 0.73 2.26% 0.00%
30-Jun-2021 23-Nov-2020 30-Sep-2020 1 444,397 -28,366 -28,073 -28,134 - 644,018 - % -6.32% -4.37% 596,313 74.52 74.52 -4.72 -4.72 0.00 0.00 1.0800 1.08   42.50%   38.28% 30-Sep-2020 0.43 0.58 -9.11 0.40 -10.97% 0.00% 23-Nov-2020 0.485 0.65 -10.28 0.45 -9.73% 0.00%
30-Jun-2020 24-Aug-2020 30-Jun-2020 4 199,227 -37,744 -49,009 -48,931 - 569,871 - % -24.60% -8.59% 504,311 39.50 33.41 -9.70 -8.21 0.00 0.00 1.1300 0.96   -30.19%   -40.40% 30-Jun-2020 0.465 1.18 -4.79 0.41 -20.87% 0.00% 24-Aug-2020 0.43 1.09 -4.43 0.38 -22.56% 0.00%
30-Jun-2020 18-May-2020 31-Mar-2020 3 470,368 -37,713 -37,479 -37,584 - 429,345 - % -7.97% -8.75% 596,313 78.88 78.88 -6.30 -6.30 0.00 0.00 0.7200 0.72   88.78%   9.59% 31-Mar-2020 0.405 0.51 -6.43 0.56 -15.56% 0.00% 18-May-2020 0.49 0.62 -7.77 0.68 -12.86% 0.00%
30-Jun-2020 25-Feb-2020 31-Dec-2019 2 589,402 -335,252 -334,928 -334,957 - 463,997 - % -56.83% -72.19% 433,642 135.92 98.84 -77.24 -56.17 0.00 0.00 1.0700 0.78   -634.78%   -654.17% 31-Dec-2019 0.80 0.59 -1.04 0.75 -96.55% 0.00% 25-Feb-2020 0.75 0.55 -0.97 0.70 -102.99% 0.00%
30-Jun-2020 21-Nov-2019 30-Sep-2019 1 653,739 -45,890 -45,502 -45,586 - 797,901 - % -6.96% -5.71% 433,642 150.76 109.63 -10.51 -7.64 0.00 0.00 1.8400 1.34   -30.81%   -2,649.55% 30-Sep-2019 0.95 0.63 -9.04 0.52 -11.07% 0.00% 21-Nov-2019 0.74 0.49 -7.04 0.40 -14.21% 0.00%
30-Jun-2019 26-Aug-2019 30-Jun-2019 4 696,978 -42,001 -34,785 -34,850 - 854,275 - % -4.99% -4.08% 433,642 160.73 116.88 -8.04 -5.84 0.00 0.00 1.9700 1.43   16.17%   -198.99% 28-Jun-2019 0.915 0.57 -11.39 0.46 -8.78% 0.00% 26-Aug-2019 0.94 0.58 -11.70 0.48 -8.55% 0.00%
30-Jun-2019 30-May-2019 31-Mar-2019 3 699,963 -55,950 -41,550 -41,572 - 884,630 - % -5.94% -4.70% 433,642 161.41 117.38 -9.59 -6.97 0.00 0.00 2.0400 1.48   6.40%   -179.54% 29-Mar-2019 0.83 0.51 -8.66 0.41 -11.55% 0.00% 30-May-2019 0.895 0.55 -9.34 0.44 -10.71% 0.00%
30-Jun-2019 18-Feb-2019 31-Dec-2018 2 809,508 -60,318 -44,386 -44,414 - 923,658 - % -5.48% -4.81% 433,642 186.68 135.75 -10.24 -7.45 0.00 0.00 2.1300 1.55   -2,584.00%   -163.49% 31-Dec-2018 0.745 0.40 -7.27 0.35 -13.75% 0.00% 18-Feb-2019 0.895 0.48 -8.74 0.42 -11.44% 0.00%
30-Jun-2019 29-Nov-2018 30-Sep-2018 1 929,035 85 1,812 1,788 - 971,358 - % 0.20% 0.18% 433,642 214.24 155.80 0.41 0.30 0.00 0.00 2.2400 1.63   -94.92%   -96.65% 28-Sep-2018 1.43 0.67 346.82 0.64 0.29% 0.00% 29-Nov-2018 0.99 0.46 240.10 0.44 0.42% 0.00%
30-Jun-2018 24-Aug-2018 30-Jun-2018 4 888,636 26,385 35,476 35,205 - 966,506 - % 3.99% 3.64% 433,411 205.03 149.02 8.12 5.90 0.00 0.00 2.2300 1.62   -32.64%   532.39% 29-Jun-2018 1.56 0.76 19.21 0.70 5.21% 0.00% 24-Aug-2018 1.72 0.84 21.18 0.77 4.72% 0.00%
30-Jun-2018 15-May-2018 31-Mar-2018 3 953,368 61,644 52,300 52,267 15,156 944,049 29.00% 5.49% 5.54% 433,050 220.15 159.88 12.07 8.77 3.50 2.54 2.1800 1.58   -25.29%   63.99% 30-Mar-2018 1.71 0.78 14.17 0.78 7.06% 2.05% 15-May-2018 1.90 0.86 15.74 0.87 6.35% 1.84%
30-Jun-2018 13-Feb-2018 31-Dec-2017 2 956,440 78,347 70,035 69,958 - 895,566 - % 7.32% 7.81% 432,640 221.07 160.39 16.17 11.73 0.00 0.00 2.0700 1.50   30.97%   91.39% 29-Dec-2017 2.25 1.02 13.91 1.09 7.19% 0.00% 13-Feb-2018 2.00 0.90 12.37 0.97 8.09% 0.00%
30-Jun-2018 28-Nov-2017 30-Sep-2017 1 899,747 57,483 53,434 53,417 - 817,168 - % 5.94% 6.54% 430,088 209.20 150.88 12.42 8.96 0.00 0.00 1.9000 1.37   859.53%   176.73% 29-Sep-2017 2.23 1.07 17.95 1.17 5.57% 0.00% 28-Nov-2017 2.21 1.06 17.79 1.16 5.62% 0.00%
30-Jun-2017 24-Aug-2017 30-Jun-2017 4 654,919 -7,937 5,987 5,567 - 762,250 - % 0.91% 0.73% 428,230 152.94 109.83 1.30 0.93 0.00 0.00 1.7800 1.28   -82.53%   104.94% 30-Jun-2017 1.69 1.11 130.00 0.95 0.77% 0.00% 24-Aug-2017 2.13 1.39 163.85 1.20 0.61% 0.00%
30-Jun-2017 27-Apr-2017 31-Mar-2017 3 665,905 37,121 32,487 31,872 12,681 769,324 39.79% 4.88% 4.14% 422,705 157.53 111.67 7.54 5.34 3.00 2.13 1.8200 1.29   -12.81%   454.57% 31-Mar-2017 1.22 0.77 16.18 0.67 6.18% 2.46% 27-Apr-2017 1.39 0.88 18.44 0.76 5.42% 2.16%
30-Jun-2017 14-Feb-2017 31-Dec-2016 2 731,568 47,841 37,039 36,553 - 750,453 - % 5.06% 4.87% 421,603 173.52 122.68 8.67 6.13 0.00 0.00 1.7800 1.26   89.36%   176.83% 30-Dec-2016 1.21 0.70 13.96 0.68 7.17% 0.00% 14-Feb-2017 1.35 0.78 15.57 0.76 6.42% 0.00%
30-Jun-2017 14-Nov-2016 30-Sep-2016 1 585,750 33,097 19,680 19,303 - 704,979 - % 3.36% 2.74% 419,630 139.59 98.23 4.60 3.24 0.00 0.00 1.6800 1.18   117.13%   137.19% 30-Sep-2016 1.31 0.94 28.48 0.78 3.51% 0.00% 14-Nov-2016 1.22 0.87 26.52 0.73 3.77% 0.00%
30-Jun-2016 22-Aug-2016 30-Jun-2016 4 590,882 -96,229 -112,146 -112,675 - 679,573 - % -18.98% -16.58% 419,489 140.86 99.09 -26.86 -18.90 0.00 0.00 1.6200 1.14   -1,153.48%   -8,957.48% 30-Jun-2016 0.98 0.70 -3.65 0.60 -27.41% 0.00% 22-Aug-2016 1.04 0.74 -3.87 0.64 -25.83% 0.00%
30-Jun-2016 20-Apr-2016 31-Mar-2016 3 595,854 -6,593 -8,830 -8,989 - 789,687 - % -1.48% -1.14% 420,046 141.85 99.92 -2.14 -1.51 0.00 0.00 1.8800 1.32   81.11%   74.73% 31-Mar-2016 0.88 0.62 -41.12 0.47 -2.43% 0.00% 20-Apr-2016 1.13 0.80 -52.80 0.60 -1.89% 0.00%
30-Jun-2016 02-Feb-2016 31-Dec-2015 2 621,324 -53,724 -47,247 -47,578 - 809,748 - % -7.60% -5.88% 419,559 148.09 104.19 -11.34 -7.98 0.00 0.00 1.9300 1.36   8.35%   19.49% 31-Dec-2015 0.81 0.55 -7.14 0.42 -14.00% 0.00% 02-Feb-2016 0.73 0.49 -6.44 0.38 -15.53% 0.00%
30-Jun-2016 11-Nov-2015 30-Sep-2015 1 592,435 -56,583 -51,660 -51,910 - 863,768 - % -8.72% -6.01% 419,305 141.29 99.35 -12.38 -8.71 0.00 0.00 2.0600 1.45   -4,072.83%   -139.61% 30-Sep-2015 0.875 0.62 -7.07 0.42 -14.15% 0.00% 11-Nov-2015 0.92 0.65 -7.43 0.45 -13.46% 0.00%
30-Jun-2015 20-Aug-2015 30-Jun-2015 4 610,656 -395 -1,192 -1,244 - 895,679 - % -0.20% -0.14% 414,666 147.26 102.41 -0.30 -0.21 0.00 0.00 2.1600 1.50   96.50%   -109.29% 30-Jun-2015 0.95 0.65 -316.67 0.44 -0.32% 0.00% 20-Aug-2015 0.85 0.58 -283.33 0.39 -0.35% 0.00%
30-Jun-2015 06-May-2015 31-Mar-2015 3 675,362 -39,148 -35,484 -35,575 - 904,023 - % -5.25% -3.94% 418,529 161.37 113.26 -8.50 -5.97 0.00 0.00 2.1600 1.52   39.80%   -576.17% 31-Mar-2015 0.98 0.61 -11.53 0.45 -8.67% 0.00% 06-May-2015 0.98 0.61 -11.53 0.45 -8.67% 0.00%
30-Jun-2015 11-Feb-2015 31-Dec-2014 2 632,850 -68,470 -58,868 -59,098 - 783,781 - % -9.30% -7.54% 419,134 150.99 106.13 -14.10 -9.91 0.00 0.00 1.8700 1.31   -172.79%   -2,714.96% 31-Dec-2014 1.20 0.79 -8.51 0.64 -11.75% 0.00% 11-Feb-2015 1.07 0.71 -7.59 0.57 -13.18% 0.00%
30-Jun-2015 21-Nov-2014 30-Sep-2014 1 610,737 -28,730 -21,415 -21,664 - 837,396 - % -3.51% -2.59% 416,615 146.59 102.42 -5.20 -3.63 0.00 0.00 2.0100 1.40   -261.76%   -419.27% 30-Sep-2014 1.48 1.01 -28.46 0.74 -3.51% 0.00% 21-Nov-2014 1.40 0.96 -26.92 0.70 -3.71% 0.00%
30-Jun-2014 27-Aug-2014 30-Jun-2014 4 723,680 20,142 13,714 13,393 - 862,174 - % 1.90% 1.55% 418,531 172.91 121.36 3.20 2.25 0.00 0.00 2.0600 1.45   79.27%   -44.71% 30-Jun-2014 1.42 0.82 44.37 0.69 2.25% 0.00% 27-Aug-2014 1.52 0.88 47.50 0.74 2.11% 0.00%
30-Jun-2014 30-Apr-2014 31-Mar-2014 3 706,089 10,552 7,734 7,471 8,301 850,863 111.11% 1.10% 0.88% 415,055 170.12 118.41 1.80 1.25 2.00 1.39 2.0500 1.43   230.58%   -59.08% 31-Mar-2014 1.50 0.88 83.33 0.73 1.20% 1.33% 30-Apr-2014 1.60 0.94 88.89 0.78 1.13% 1.25%

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 Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


Analyze this stock with MQ Trader system
  2 people like this.
 
Albukhary ***RM750mil***
25/10/2023 9:27 PM
GoldmanSach If 70% stakes sell at USD100Mil (RM470Mil) = RM1.13 per share

If 70% stakes sell at USD200Mil (RM940Mil) = RM2.25 per share

It will trigger "General Offer" for the remaining share if Quek selling his 70% stakes.
25/10/2023 10:07 PM
Atacms Another big institutional fund will buy I guess 😃
26/10/2023 11:54 AM
Albukhary Real deal, not fake rumour
26/10/2023 4:47 PM
WiraBoleh Tak tau kenapa HLBB mau jual...
27/10/2023 11:39 AM
Atacms No idea...Anyway I think demand for steel will rise due to robust construction activities
27/10/2023 11:49 AM
Albukhary We refer to the query from Bursa Malaysia Securities Berhad (“Bursa Securities”) via its letter dated 26 October 2023 in relation to the Article Entitled: "Tycoon Quek's Hong Leong considering sale of Southern Steel stake, sources say" appearing in The Edge Malaysia dated 25 October 2023.

The Company, having made due inquiry with its Board of Directors, its major shareholder and all such other persons reasonably familiar with the matter, wishes to confirm that as of the date of this announcement, it is not aware of any agreement involving the Company entered into by the major shareholder which requires disclosure pursuant to Main Market Listing Requirements of Bursa Securities (“MMLR”).

The Company will make the necessary announcement to Bursa Securities when it becomes aware of any material development involving the Company, in compliance with its obligations under the MMLR.

Shareholders and investors are advised to exercise caution in trading in the shares of the Company.
27/10/2023 2:14 PM
Albukhary This type of announcement make us more convince there is something brewing.
27/10/2023 2:21 PM
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.
27/10/2023 2:26 PM
TiGongPoPiPopi Post removed. Why?
29/10/2023 3:52 PM
Jnlee Mari lagi?
30/10/2023 1:32 PM
Ahmadrazak SSTEEL deal going to announce soon ?
30/10/2023 2:33 PM
Ahmadrazak Price up even company denied the news, meaning deal going to announce very soon.
30/10/2023 2:41 PM
Albukhary As I mentioned earlier, this is real deal.
30/10/2023 2:44 PM
Ahmadrazak Albukhary, 70% stakes in SSTEEL sell at RM750Mil ?
30/10/2023 2:48 PM
Albukhary As per my own calculation, RM750mil is the entire company market cap.
RM750mil / 600mil share, approximately RM1.25.
30/10/2023 3:00 PM
Albukhary This counter is being cornered d, floating share is very minimal.
Once the news is confirmed, then immediately will shoot above RM1.

30/10/2023 3:02 PM
Ahmadrazak Waooo, RM1.25 per share still got 50% upside from current share price 80sen now.
30/10/2023 3:09 PM
Ahmadrazak Pray for limit up today 97.5sen.
30/10/2023 3:12 PM
newbie9893 confirmed limit up today
30/10/2023 3:14 PM
Cnlim then you better take all the seller 😄😄😄
30/10/2023 3:19 PM
newbie9893 SSTEEL deal confirmed...kasih limit up
30/10/2023 3:24 PM
Ahmadrazak Last min sapu, deal look confirm
30/10/2023 4:41 PM
MichelleNg What deal confirmed? Tomorrow limit up?
30/10/2023 8:45 PM
zildjian will suspend anytime soon
30/10/2023 10:43 PM
Ahmadrazak Tan Sri Quek want to sell at RM2.30 per share.
31/10/2023 8:52 AM
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.
31/10/2023 9:18 AM
Cnlim who is going to buy at such price?
31/10/2023 9:18 AM
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.
31/10/2023 9:19 AM
Atacms In that case, who wanna buy it if he sell at RM956 m as it's equivalent to RM2.30 per share 😅
31/10/2023 1:21 PM
Atacms even though SSteel is not so profitable, but it's able to make more than RM400 mil per quarter
01/11/2023 2:40 PM
Albukhary waiting for announcement
02/11/2023 6:34 PM
Atacms Quek will sell to MPI 😆
03/11/2023 3:38 PM
newbie9893 bottom fishing?
09/11/2023 12:02 PM
newbie9893 Hi big shark, bila nal goreng up lagi
09/11/2023 3:15 PM
Atacms Wait for anther announcement from Uncle Quek 😁
15/11/2023 2:21 PM
stncws look hot today....mycron.....steel QR this month
15/11/2023 2:23 PM
AhHuat168 time to collect and keep
16/11/2023 4:58 PM
Albukhary Hong Leong cannot find buyer?
28/11/2023 12:55 PM
Atacms I guess so. Still waiting for the latest announcement on that ...
04/12/2023 4:44 PM
Albukhary Disposal proposal on table again? USD200mil?
06/12/2023 12:02 PM
Cnlim up you all will say proposal on table down say no deal haha
06/12/2023 12:51 PM
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.
06/12/2023 1:30 PM
Albukhary Can you smell something is brewing?
USD200mil proposal is going to reveal soon...
06/12/2023 4:29 PM
Albukhary Cold cold winter again
08/12/2023 12:03 PM
Atacms @Albukhary. Mind to share the news link?
13/12/2023 1:36 PM
Albukhary You can google it, first news was from The Edge.
13/12/2023 2:03 PM
value_seeker Got news on 200?
13/12/2023 2:14 PM
Atacms Hong Leong started disposing .. I guess they found a buyer to buy over SSTEEL alrdy
21/12/2023 9:47 AM
Atacms But it made us wondering who the buyer was, hehe
26/12/2023 11:34 AM