SSTEEL 5665 Share Price
RM0.38
klse: Southern Steel Berhad
Stock Information
Board : Main
Shariah : Non-Shariah Compliant
Sector : Steel
Address: 2723, Lorong Perusahaan 12, Prai Industrial Estate, 13600 Prai, Pulau Pinang
Contact: +604-3906540
Website: https://southsteel.com/
Stock Background
Southern Steel Berhad manufactures and trades billets, steel bars, and wire rods. The Company, through its subsidiaries, trades iron and steel products, provides transportation services, and manufactures staples, pre-stressed concrete strands and wires, welded wire mesh, wire ropes, and tire bead wire. Southern Steel also provides contract labor and operates in property rental.
Profit Analysis: SSTEEL 5665
|
Result
Quarter Report History
| Date | Revenue,k | PBT,k | Net Profit,k |
|---|---|---|---|
| 21/05/26 | 486,637 | 20,640 | 17,541 |
| 26/02/26 | 546,486 | 19,374 | 15,246 |
| 28/11/25 | 560,077 | -25,012 | -30,536 |
| 27/08/25 | 574,205 | 149 | 422 |
| 28/05/25 | 486,318 | -41,927 | 2,772 |
| 24/02/25 | 484,343 | -14,522 | -7,395 |
| 11/11/24 | 574,809 | -24,533 | -25,694 |
| 28/08/24 | 527,200 | -10,627 | 1,059 |
| 15/05/24 | 551,657 | -2,383 | -6,428 |
| 23/02/24 | 566,230 | -8,573 | -10,882 |
| 09/11/23 | 601,808 | -37,663 | -39,592 |
| 29/08/23 | 581,754 | -23,513 | -17,932 |
Fundamental
Fundamental Analysis
| Last 4 Quarter Revenue (RM’000) | 2,080 |
|---|---|
| Last 4 Quarter Net Profit (RM’000) | 5,666 |
| Last 4 Quarter EPS (sen) | 0.36 |
| Last 4 Quarter PER | 100.67 |
| Last 4 Quarter Dividend (sen) | – |
| Last 4 Quarter Dividend Yield (%) | 0.00 |
| Net Tangible Assets (RM) | 0.95 |
| Goodwill (RM) | 0 |
| Cash (RM’000) | 57,910 |
| Debt (RM’000) | 271,190 |
| Total Debt (RM’000) | 410,660 |
| Net Assets (RM’000) | 902,600 |
| Current Ratio | 1.35 |
| Quick Ratio | 0.52 |
| Cash Ratio | 0.16 |
Technical
Technical Analysis
| MACD (26 vs 12) | -4.423 |
|---|---|
| Exponential Moving Average 5 | 0.389 |
| Exponential Moving Average 20 | 0.386 |
| Exponential Moving Average 90 | 0.393 |
| Relative Strength Index 14 | 0.44 |
| Stochastic %D 3 | 0.48 |
| Stochastic %K 14 | 0.50 |
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Stock Profit Analysis
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Salary Proof
BURSA MALAYSIA –
For the financial year ended 30 June 2024, the Group revenue was RM2,247 million and LBT was RM59 million as compared with revenue and LBT of RM2,386 million and RM144 million respectively for the corresponding period of FY2023. The lower loss before tax were due to improved margins from favorable input costs. Going forward, The global steel market is expected to remain soft and volatile due to slowing demand and structural overcapacity. The Group continues to focus its attention on improving its operational efficiencies, inventory management and growing the downstream businesses.
BURSA MALAYSIA –
For the quarter under review, excluding a discontinued operation, the Group revenue increased to RM652 million from RM487 million of the preceding quarter. Despite of this increase in turnover, PBT maintained at RM40 million due to escalating input cost
BURSA MALAYSIA –
The Group’s PBT, excluding a discontinued operation, was RM40 million for the quarter under review as compared with PBT of RM29 million for the preceding quarter. The increase in PBT was due to increase in sales volume.
BURSA MALAYSIA –
The Group’s PBT, excluding a discontinued operation, was RM40 million for the quarter under review as compared with PBT of RM29 million for the preceding quarter. The increase in PBT was due to increase in sales volume.
BURSA MALAYSIA –
The Group’s reported profit before taxation of RM47 million as compared with the previous year’s loss before tax of RM457 million. The losses in last financial year included a plant impairment provision of RM229 million relating to the hot rolled coil project. Although there has been an improvement in the Group’s performance, market conditions remain uncertain due to the COVID-19 pandemic. The Group will continue to be responsive to market changes, maintain a lean cost structure and control inventory levels.
BURSA MALAYSIA –
The Group PBT, excluding a discontinued operation, was RM29 million for the quarter under review as compared with PBT of RM44 million for the preceding quarter. The decrease in PBT was due to lower plant utilisation from the full COVID-19 pandemic lockdown implemented by the Government in June 2021.
BURSA MALAYSIA –
The Group’s PBT, excluding a discontinued operation, was RM44 million for the quarter under review as compared with PBT of RM18 million for the preceding quarter. The improved performance was due to higher selling prices and improved operating cost.
BURSA MALAYSIA –
The Group’s LBT was RM28 million for the current quarter as compared with LBT of RM38 million for the preceding quarter. The lower loss was due to the resumed production activities and ongoing cost reduction exercises.
REMUNERATION STUDY –
In Financial Year End 2020, the directors’ remuneration was 2.98 million. It was fair compared to average in listed companies, considering the employees’ remuneration of 102.9 million and auditor’s remuneration of 342 thousands
BURSA MALAYSIA –
The Group’s LBT for the current quarter was RM38 million, which was at the same level as in the preceding quarter. The poor performance was due to lower plant utilisation during the pandemic period.
BURSA MALAYSIA –
The Group’s LBT was RM38 million for the current quarter as compared with LBT of RM77 million for the preceding quarter due to improved margin from lower inventory cost.
BURSA MALAYSIA –
The Group recorded a LBT of RM335 million for the current quarter as compared with LBT of RM46 million for the preceding quarter due to the impairment loss of RM258 million and lower selling prices.
INVESTING MALAYSIA –
SSTEEL (3 JAN 20) RHB Retail Research said Southern Steel Bhd may rebound further after it tested the 77 sen support lately.
REMUNERATION STUDY –
In Financial Year End 2019, the directors’ remuneration was 7.85 million. It was slightly high compared to average in listed companies, considering the employees’ remuneration of 125.8 million and auditor’s remuneration of 329 thousands
Investing Malaysia –
Average investing volume for Southern Steel Bhd in the past three months in stock market was 157.4k lots
Investing Malaysia –
SSTEEL gets a score of 23.6 in our equity and assets quality test based on current share price of RM0.79
Investing Malaysia –
Southern Steel Bhd gets a score of 6.58 in our stability test after the balance sheet, money statement study
Investing Malaysia –
Stock code of 5665 in Bursa Malaysia declared adjusted 1.32% dividend yield in past few years
Investing Malaysia –
SSTEEL is estimated to have a profit consensus of 24.95 millions, with an adjusted market capitalization of 583.88 millions