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Southern Steel Bhd
Buy, Hold or Sell?

Let's analyse Southern Steel Bhd together

PenkeI guess you are interested in Southern Steel Bhd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Southern Steel Bhd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Southern Steel Bhd (30 sec.)










What can you expect buying and holding a share of Southern Steel Bhd? (30 sec.)

How much money do you get?

How much money do you get?
RM0.00
When do you have the money?
1 year
How often do you get paid?
8.7%

What is your share worth?

Current worth
RM0.98
Expected worth in 1 year
RM1.02
How sure are you?
47.8%

+ What do you gain per year?

Total Gains per Share
RM0.03
Return On Investment
5.5%

For what price can you sell your share?

Current Price per Share
RM0.63
Expected price per share
RM0.51 - RM0.785
How sure are you?
50%
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1. Valuation of Southern Steel Bhd (5 min.)




Live pricePrice per Share (EOD)

RM0.63

Intrinsic Value Per Share

RM-12.65 - RM-15.19

Total Value Per Share

RM-11.66 - RM-14.21

2. Growth of Southern Steel Bhd (5 min.)




Is Southern Steel Bhd growing?

Current yearPrevious yearGrowGrow %
How rich?$125.5m$148.8m-$29.9m-25.2%

How much money is Southern Steel Bhd making?

Current yearPrevious yearGrowGrow %
Making money-$6.2m-$10.2m$4m64.2%
Net Profit Margin-5.0%-8.5%--

How much money comes from the company's main activities?

3. Financial Health of Southern Steel Bhd (5 min.)




4. Comparing to competitors in the Steel industry (5 min.)




  Industry Rankings (Steel)  

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What can you expect buying and holding a share of Southern Steel Bhd? (5 min.)

Welcome investor! Southern Steel Bhd's management wants to use your money to grow the business. In return you get a share of Southern Steel Bhd.

What can you expect buying and holding a share of Southern Steel Bhd?

First you should know what it really means to hold a share of Southern Steel Bhd. And how you can make/lose money.

Speculation

The Price per Share of Southern Steel Bhd is RM0.625. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Southern Steel Bhd.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Southern Steel Bhd, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is RM0.98. Based on the TTM, the Book Value Change Per Share is RM0.01 per quarter. Based on the YOY, the Book Value Change Per Share is RM-0.08 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is RM0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Southern Steel Bhd.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 RM% of Price per ShareRM% of Price per ShareRM% of Price per ShareRM% of Price per ShareRM% of Price per Share
Usd Eps-0.01-2.3%-0.01-1.7%-0.02-2.7%-0.01-2.3%-0.01-2.2%
Usd Book Value Change Per Share-0.01-2.2%0.000.3%-0.02-2.8%0.00-0.6%0.011.5%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share-0.01-2.2%0.000.3%-0.02-2.7%0.00-0.6%0.011.5%
Usd Price Per Share0.13-0.12-0.16-0.15-0.16-
Price to Earnings Ratio-2.20-9.78-9.85-4.54--3.26-
Price-to-Total Gains Ratio-8.96-26.34-32.41-15.05-10.45-
Price to Book Ratio0.60-0.60-0.64-0.63-0.63-
Price-to-Total Gains Ratio-8.96-26.34-32.41-15.05-10.45-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.1338125
Number of shares7473
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.000.00
Usd Total Gains Per Share0.000.00
Gains per Quarter (7473 shares)13.74-29.23
Gains per Year (7473 shares)54.97-116.91
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1055450-117-127
201101001-235-244
301651551-352-361
402202102-469-478
502752652-587-595
603303203-704-712
703853753-821-829
804404303-939-946
904954854-1056-1063
1005505404-1174-1180

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.03.00.025.0%7.05.00.058.3%7.012.00.036.8%7.016.00.030.4%7.016.00.030.4%
Book Value Change Per Share2.02.00.050.0%8.04.00.066.7%10.09.00.052.6%11.012.00.047.8%11.012.00.047.8%
Dividend per Share0.00.04.00.0%2.00.010.016.7%2.00.017.010.5%2.00.021.08.7%2.00.021.08.7%
Total Gains per Share2.02.00.050.0%8.04.00.066.7%10.09.00.052.6%11.012.00.047.8%11.012.00.047.8%
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Fundamentals of Southern Steel Bhd

About Southern Steel Bhd

  • Steel
  • 0

Southern Steel Berhad, an investment holding company, manufactures, sells, and trades in steel bars and related products in Malaysia, Singapore, Indonesia, the United States, Australia, Taiwan, Papua New Guinea, Japan, Bangladesh, Philippines, and internationally. It offers billets, wire rods, cut and bend rebars, steel welded mesh, pre-stressed concrete wires and strands, condult pipes, and steel pipes, as well as value-added off-site cuts. The company also involved in the rental of properties. The company was incorporated in 1963 and is based in Perai, Malaysia.

Fundamental data was last updated by Penke on 2023-11-19 19:53:02.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just not able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just not able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is cheap.
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1.1. Profitability of Southern Steel Bhd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Southern Steel Bhd earns for each RM1 of revenue.

  • Above 10% is considered healthy but always compare Southern Steel Bhd to the Steel industry mean.
  • A Net Profit Margin of -6.6% means that RM-0.07 for each RM1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Southern Steel Bhd:

  • The MRQ is -6.6%. The company is making a loss. -1
  • The TTM is -5.0%. The company is making a loss. -1
Trends
Current periodCompared to+/- 
MRQ-6.6%TTM-5.0%-1.6%
TTM-5.0%YOY-8.5%+3.5%
TTM-5.0%5Y-7.5%+2.6%
5Y-7.5%10Y-7.0%-0.5%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ-6.6%3.0%-9.6%
TTM-5.0%2.6%-7.6%
YOY-8.5%5.8%-14.3%
5Y-7.5%3.5%-11.0%
10Y-7.0%2.9%-9.9%
1.1.2. Return on Assets

Shows how efficient Southern Steel Bhd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Southern Steel Bhd to the Steel industry mean.
  • -2.1% Return on Assets means that Southern Steel Bhd generated RM-0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Southern Steel Bhd:

  • The MRQ is -2.1%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -1.6%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-2.1%TTM-1.6%-0.5%
TTM-1.6%YOY-2.5%+0.9%
TTM-1.6%5Y-2.0%+0.4%
5Y-2.0%10Y-1.9%-0.2%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ-2.1%1.1%-3.2%
TTM-1.6%1.1%-2.7%
YOY-2.5%2.2%-4.7%
5Y-2.0%1.4%-3.4%
10Y-1.9%1.0%-2.9%
1.1.3. Return on Equity

Shows how efficient Southern Steel Bhd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Southern Steel Bhd to the Steel industry mean.
  • -6.8% Return on Equity means Southern Steel Bhd generated RM-0.07 for each RM1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Southern Steel Bhd:

  • The MRQ is -6.8%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -5.3%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-6.8%TTM-5.3%-1.4%
TTM-5.3%YOY-8.2%+2.9%
TTM-5.3%5Y-7.7%+2.4%
5Y-7.7%10Y-6.4%-1.3%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ-6.8%2.4%-9.2%
TTM-5.3%2.1%-7.4%
YOY-8.2%4.5%-12.7%
5Y-7.7%2.6%-10.3%
10Y-6.4%1.8%-8.2%
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1.2. Operating Efficiency of Southern Steel Bhd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Southern Steel Bhd is operating .

  • Measures how much profit Southern Steel Bhd makes for each RM1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Southern Steel Bhd to the Steel industry mean.
  • An Operating Margin of 0.0% means the company generated RM0.00  for each RM1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Southern Steel Bhd:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y3.7%-3.7%
5Y3.7%10Y2.6%+1.2%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ-7.7%-7.7%
TTM-3.9%-3.9%
YOY-7.3%-7.3%
5Y3.7%4.9%-1.2%
10Y2.6%3.6%-1.0%
1.2.2. Operating Ratio

Measures how efficient Southern Steel Bhd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Steel industry mean).
  • An Operation Ratio of 2.04 means that the operating costs are RM2.04 for each RM1 in net sales.

Let's take a look of the Operating Ratio trends of Southern Steel Bhd:

  • The MRQ is 2.038. The company is inefficient in keeping operating costs low. -1
  • The TTM is 2.024. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ2.038TTM2.024+0.014
TTM2.024YOY1.954+0.070
TTM2.0245Y1.826+0.199
5Y1.82610Y1.857-0.031
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ2.0381.688+0.350
TTM2.0241.694+0.330
YOY1.9541.620+0.334
5Y1.8261.636+0.190
10Y1.8571.388+0.469
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1.3. Liquidity of Southern Steel Bhd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Southern Steel Bhd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Steel industry mean).
  • A Current Ratio of 0.82 means the company has RM0.82 in assets for each RM1 in short-term debts.

Let's take a look of the Current Ratio trends of Southern Steel Bhd:

  • The MRQ is 0.815. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.797. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.815TTM0.797+0.018
TTM0.797YOY0.989-0.192
TTM0.7975Y0.907-0.110
5Y0.90710Y0.890+0.018
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8151.672-0.857
TTM0.7971.720-0.923
YOY0.9891.668-0.679
5Y0.9071.616-0.709
10Y0.8901.432-0.542
1.3.2. Quick Ratio

Measures if Southern Steel Bhd is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Southern Steel Bhd to the Steel industry mean.
  • A Quick Ratio of 0.24 means the company can pay off RM0.24 for each RM1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Southern Steel Bhd:

  • The MRQ is 0.242. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.233. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.242TTM0.233+0.009
TTM0.233YOY0.225+0.008
TTM0.2335Y0.299-0.066
5Y0.29910Y0.280+0.020
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2420.582-0.340
TTM0.2330.610-0.377
YOY0.2250.757-0.532
5Y0.2990.673-0.374
10Y0.2800.630-0.350
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1.4. Solvency of Southern Steel Bhd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Southern Steel Bhd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Southern Steel Bhd to Steel industry mean.
  • A Debt to Asset Ratio of 0.69 means that Southern Steel Bhd assets are financed with 69.5% credit (debt) and the remaining percentage (100% - 69.5%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Southern Steel Bhd:

  • The MRQ is 0.695. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.702. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.695TTM0.702-0.007
TTM0.702YOY0.670+0.032
TTM0.7025Y0.692+0.010
5Y0.69210Y0.684+0.008
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6950.456+0.239
TTM0.7020.459+0.243
YOY0.6700.482+0.188
5Y0.6920.487+0.205
10Y0.6840.510+0.174
1.4.2. Debt to Equity Ratio

Measures if Southern Steel Bhd is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Southern Steel Bhd to the Steel industry mean.
  • A Debt to Equity ratio of 227.4% means that company has RM2.27 debt for each RM1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Southern Steel Bhd:

  • The MRQ is 2.274. The company is just not able to pay all its debts with equity.
  • The TTM is 2.365. The company is just not able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ2.274TTM2.365-0.091
TTM2.365YOY2.040+0.325
TTM2.3655Y2.320+0.045
5Y2.32010Y1.917+0.404
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ2.2740.833+1.441
TTM2.3650.855+1.510
YOY2.0400.957+1.083
5Y2.3200.995+1.325
10Y1.9171.192+0.725
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2. Market Valuation of Southern Steel Bhd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every RM1 in earnings Southern Steel Bhd generates.

  • Above 15 is considered overpriced but always compare Southern Steel Bhd to the Steel industry mean.
  • A PE ratio of -2.20 means the investor is paying RM-2.20 for every RM1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Southern Steel Bhd:

  • The EOD is -2.353. Based on the earnings, the company is expensive. -2
  • The MRQ is -2.203. Based on the earnings, the company is expensive. -2
  • The TTM is 9.779. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD-2.353MRQ-2.203-0.151
MRQ-2.203TTM9.779-11.982
TTM9.779YOY9.855-0.076
TTM9.7795Y4.541+5.238
5Y4.54110Y-3.258+7.800
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD-2.3538.321-10.674
MRQ-2.2037.852-10.055
TTM9.7797.322+2.457
YOY9.8556.403+3.452
5Y4.5418.246-3.705
10Y-3.25811.330-14.588
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Southern Steel Bhd:

  • The EOD is -2.444. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -2.287. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is 1.337. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD-2.444MRQ-2.287-0.156
MRQ-2.287TTM1.337-3.624
TTM1.337YOY0.239+1.098
TTM1.3375Y-0.018+1.355
5Y-0.01810Y-0.015-0.003
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD-2.4443.092-5.536
MRQ-2.2872.845-5.132
TTM1.3371.664-0.327
YOY0.2391.160-0.921
5Y-0.0180.944-0.962
10Y-0.0151.600-1.615
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Southern Steel Bhd is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Steel industry mean).
  • A PB ratio of 0.60 means the investor is paying RM0.60 for each RM1 in book value.

Let's take a look of the Price to Book Ratio trends of Southern Steel Bhd:

  • The EOD is 0.636. Based on the equity, the company is cheap. +2
  • The MRQ is 0.595. Based on the equity, the company is cheap. +2
  • The TTM is 0.602. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.636MRQ0.595+0.041
MRQ0.595TTM0.602-0.007
TTM0.602YOY0.639-0.037
TTM0.6025Y0.633-0.031
5Y0.63310Y0.630+0.003
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD0.6361.038-0.402
MRQ0.5950.909-0.314
TTM0.6020.972-0.370
YOY0.6391.120-0.481
5Y0.6331.083-0.450
10Y0.6301.132-0.502
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Southern Steel Bhd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.0650.009-861%-0.080+23%-0.018-72%0.043-253%
Book Value Per Share--0.9830.931+6%1.166-16%1.111-12%1.165-16%
Current Ratio--0.8150.797+2%0.989-18%0.907-10%0.890-8%
Debt To Asset Ratio--0.6950.702-1%0.670+4%0.692+0%0.684+1%
Debt To Equity Ratio--2.2742.365-4%2.040+11%2.320-2%1.917+19%
Dividend Per Share----0%0.000-100%0.000-100%0.000-100%
Eps---0.066-0.049-26%-0.080+21%-0.068+3%-0.064-3%
Free Cash Flow Per Share---0.064-0.017-73%-0.031-52%0.006-1158%0.006-1158%
Free Cash Flow To Equity Per Share---0.038-0.044+16%-0.154+304%-0.098+157%-0.098+157%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---15.193--------
Intrinsic Value_10Y_min---12.645--------
Intrinsic Value_1Y_max---0.306--------
Intrinsic Value_1Y_min---0.300--------
Intrinsic Value_3Y_max---1.847--------
Intrinsic Value_3Y_min---1.744--------
Intrinsic Value_5Y_max---4.505--------
Intrinsic Value_5Y_min---4.101--------
Market Cap372695640.000+6%348843119.040330953728.320+5%441271637.760-21%415222222.397-16%434141848.040-20%
Net Profit Margin---0.066-0.050-24%-0.085+29%-0.075+15%-0.070+7%
Operating Margin----0%-0%0.037-100%0.026-100%
Operating Ratio--2.0382.024+1%1.954+4%1.826+12%1.857+10%
Pb Ratio0.636+6%0.5950.602-1%0.639-7%0.633-6%0.630-6%
Pe Ratio-2.353-7%-2.2039.779-123%9.855-122%4.541-149%-3.258+48%
Price Per Share0.625+6%0.5850.555+5%0.740-21%0.696-16%0.728-20%
Price To Free Cash Flow Ratio-2.444-7%-2.2871.337-271%0.239-1057%-0.018-99%-0.015-99%
Price To Total Gains Ratio-9.568-7%-8.95626.340-134%32.414-128%15.052-159%10.453-186%
Quick Ratio--0.2420.233+4%0.225+7%0.299-19%0.280-13%
Return On Assets---0.021-0.016-23%-0.025+23%-0.020-1%-0.019-9%
Return On Equity---0.068-0.053-21%-0.082+21%-0.077+14%-0.064-6%
Total Gains Per Share---0.0650.009-861%-0.080+23%-0.018-72%0.043-253%
Usd Book Value--125516125.000118898882.775+6%148891402.425-16%141858344.195-12%148781040.857-16%
Usd Book Value Change Per Share---0.0140.002-861%-0.017+23%-0.004-72%0.009-253%
Usd Book Value Per Share--0.2100.199+6%0.250-16%0.238-12%0.250-16%
Usd Dividend Per Share----0%0.000-100%0.000-100%0.000-100%
Usd Eps---0.014-0.010-26%-0.017+21%-0.015+3%-0.014-3%
Usd Free Cash Flow---8162776.600-2202018.500-73%-3932749.375-52%609137.037-1440%503200.161-1722%
Usd Free Cash Flow Per Share---0.014-0.004-73%-0.007-52%0.001-1158%0.001-1158%
Usd Free Cash Flow To Equity Per Share---0.008-0.009+16%-0.033+304%-0.021+157%-0.021+157%
Usd Market Cap79794136.524+6%74687311.78670857193.233+5%94476257.644-21%88899077.815-16%92949769.665-20%
Usd Price Per Share0.134+6%0.1250.119+5%0.158-21%0.149-16%0.156-20%
Usd Profit---8476647.200-6240479.750-26%-10247575.350+21%-8693350.205+3%-8205419.735-3%
Usd Revenue--128847092.800129220536.7250%128239316.425+0%116600505.189+11%118849199.939+8%
Usd Total Gains Per Share---0.0140.002-861%-0.017+23%-0.004-72%0.009-253%
 EOD+5 -3MRQTTM+15 -17YOY+18 -165Y+13 -2210Y+7 -28

3.2. Fundamental Score

Let's check the fundamental score of Southern Steel Bhd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-2.353
Price to Book Ratio (EOD)Between0-10.636
Net Profit Margin (MRQ)Greater than0-0.066
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.242
Current Ratio (MRQ)Greater than10.815
Debt to Asset Ratio (MRQ)Less than10.695
Debt to Equity Ratio (MRQ)Less than12.274
Return on Equity (MRQ)Greater than0.15-0.068
Return on Assets (MRQ)Greater than0.05-0.021
Total2/10 (20.0%)

3.3. Technical Score

Let's check the technical score of Southern Steel Bhd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5041.987
Ma 20Greater thanMa 500.694
Ma 50Greater thanMa 1000.644
Ma 100Greater thanMa 2000.601
OpenGreater thanClose0.610
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in MYR. All numbers in thousands.

Summary
Total Assets1,919,503
Total Liabilities1,333,253
Total Stockholder Equity586,250
 As reported
Total Liabilities 1,333,253
Total Stockholder Equity+ 586,250
Total Assets = 1,919,503

Assets

Total Assets1,919,503
Total Current Assets870,504
Long-term Assets870,504
Total Current Assets
Cash And Cash Equivalents 96,492
Net Receivables 162,151
Inventory 416,528
Other Current Assets 193,132
Total Current Assets  (as reported)870,504
Total Current Assets  (calculated)868,303
+/- 2,201
Long-term Assets
Property Plant Equipment 851,766
Goodwill 30,256
Other Assets 22,036
Long-term Assets  (as reported)1,048,999
Long-term Assets  (calculated)904,058
+/- 144,941

Liabilities & Shareholders' Equity

Total Current Liabilities1,067,832
Long-term Liabilities259,235
Total Stockholder Equity586,250
Total Current Liabilities
Short Long Term Debt 662,571
Accounts payable 207,577
Total Current Liabilities  (as reported)1,067,832
Total Current Liabilities  (calculated)870,148
+/- 197,684
Long-term Liabilities
Long term Debt Total 209,674
Capital Lease Obligations Min Short Term Debt10,443
Long-term Liabilities  (as reported)259,235
Long-term Liabilities  (calculated)220,117
+/- 39,118
Total Stockholder Equity
Common Stock641,010
Other Stockholders Equity 60
Total Stockholder Equity (as reported)586,250
Total Stockholder Equity (calculated)641,070
+/- 54,820
Other
Capital Stock641,010
Cash And Equivalents96,492
Cash and Short Term Investments 96,492
Common Stock Shares Outstanding 596,313
Liabilities and Stockholders Equity 1,919,503
Net Debt 767,479
Net Invested Capital 1,450,221
Net Working Capital -197,328



Balance Sheet

Currency in MYR. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312016-03-312015-12-312015-09-302015-06-30
> Total Assets 
2,584,000
2,583,000
2,296,000
2,204,000
2,300,317
2,227,842
2,474,265
2,020,229
2,089,751
2,401,449
2,256,477
2,205,519
2,213,403
2,353,586
2,313,628
2,278,869
2,290,713
1,988,577
1,834,185
1,740,220
1,847,593
1,926,610
1,919,503
1,919,5031,926,6101,847,5931,740,2201,834,1851,988,5772,290,7132,278,8692,313,6282,353,5862,213,4032,205,5192,256,4772,401,4492,089,7512,020,2292,474,2652,227,8422,300,3172,204,0002,296,0002,583,0002,584,000
   > Total Current Assets 
1,094,000
1,071,000
783,000
699,000
995,805
939,614
1,018,778
1,186,702
1,388,564
1,419,680
1,287,582
1,249,906
1,268,687
1,202,797
1,182,304
1,158,283
1,182,039
1,055,227
903,053
815,448
929,536
867,242
870,504
870,504867,242929,536815,448903,0531,055,2271,182,0391,158,2831,182,3041,202,7971,268,6871,249,9061,287,5821,419,6801,388,5641,186,7021,018,778939,614995,805699,000783,0001,071,0001,094,000
       Cash And Cash Equivalents 
54,000
100,000
100,000
151,000
71,383
43,938
66,692
242,176
174,730
219,427
235,823
176,257
167,948
133,011
156,912
85,837
110,257
67,333
67,887
59,670
117,956
119,321
96,492
96,492119,321117,95659,67067,88767,333110,25785,837156,912133,011167,948176,257235,823219,427174,730242,17666,69243,93871,383151,000100,000100,00054,000
       Short-term Investments 
1,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000000001,000
       Net Receivables 
199,000
236,000
193,000
208,000
219,056
208,528
205,995
445,853
419,765
410,747
427,481
425,148
433,860
43,960
151,582
155,042
158,817
168,636
163,864
148,343
173,254
144,236
162,151
162,151144,236173,254148,343163,864168,636158,817155,042151,58243,960433,860425,148427,481410,747419,765445,853205,995208,528219,056208,000193,000236,000199,000
       Inventory 
784,000
735,000
488,000
340,000
688,004
672,589
731,413
485,848
411,830
406,016
242,716
269,586
288,678
562,613
413,453
487,389
482,435
568,055
476,581
412,618
442,871
408,160
416,528
416,528408,160442,871412,618476,581568,055482,435487,389413,453562,613288,678269,586242,716406,016411,830485,848731,413672,589688,004340,000488,000735,000784,000
       Other Current Assets 
42,000
0
1,000
0
0
0
0
0
369,377
369,377
369,377
369,377
369,377
453,863
453,863
423,428
424,184
247,163
193,132
193,132
193,132
193,132
193,132
193,132193,132193,132193,132193,132247,163424,184423,428453,863453,863369,377369,377369,377369,377369,377000001,000042,000
   > Long-term Assets 
0
0
0
0
0
0
1,455,487
833,527
701,187
981,769
968,895
955,613
944,716
1,150,789
1,131,324
1,120,586
1,108,674
933,350
931,132
924,772
918,057
1,059,368
1,048,999
1,048,9991,059,368918,057924,772931,132933,3501,108,6741,120,5861,131,3241,150,789944,716955,613968,895981,769701,187833,5271,455,487000000
       Property Plant Equipment 
0
0
0
0
1,128,263
1,117,399
1,278,576
663,329
530,667
886,660
873,345
859,977
848,198
758,878
747,727
736,768
726,416
716,772
709,136
702,969
695,475
862,630
851,766
851,766862,630695,475702,969709,136716,772726,416736,768747,727758,878848,198859,977873,345886,660530,667663,3291,278,5761,117,3991,128,2630000
       Goodwill 
30,000
30,000
30,000
30,000
30,256
30,256
30,256
30,256
30,256
30,256
30,256
30,256
30,256
30,256
30,256
30,256
30,256
30,256
30,256
30,256
30,256
30,256
30,256
30,25630,25630,25630,25630,25630,25630,25630,25630,25630,25630,25630,25630,25630,25630,25630,25630,25630,25630,25630,00030,00030,00030,000
       Long Term Investments 
16,000
15,000
13,000
13,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000000013,00013,00015,00016,000
       Other Assets 
0
0
0
0
109,615
106,151
112,905
106,660
108,053
32,639
33,083
33,330
33,928
36,452
28,082
28,132
26,883
42,233
48,816
49,254
52,141
21,261
22,036
22,03621,26152,14149,25448,81642,23326,88328,13228,08236,45233,92833,33033,08332,639108,053106,660112,905106,151109,6150000
> Total Liabilities 
1,671,000
1,711,000
1,481,000
1,410,000
1,414,220
1,373,503
1,670,582
1,557,741
1,661,514
1,729,560
1,612,397
1,550,664
1,516,027
1,628,305
1,556,024
1,487,697
1,496,068
1,358,440
1,268,422
1,236,595
1,341,299
1,301,408
1,333,253
1,333,2531,301,4081,341,2991,236,5951,268,4221,358,4401,496,0681,487,6971,556,0241,628,3051,516,0271,550,6641,612,3971,729,5601,661,5141,557,7411,670,5821,373,5031,414,2201,410,0001,481,0001,711,0001,671,000
   > Total Current Liabilities 
1,189,000
1,228,000
1,056,000
1,015,000
1,231,989
1,235,616
1,439,246
1,370,035
1,559,765
1,635,068
1,517,710
1,113,410
1,080,027
1,188,508
1,140,286
1,115,093
1,147,787
1,050,218
1,023,650
1,062,729
1,237,775
1,014,729
1,067,832
1,067,8321,014,7291,237,7751,062,7291,023,6501,050,2181,147,7871,115,0931,140,2861,188,5081,080,0271,113,4101,517,7101,635,0681,559,7651,370,0351,439,2461,235,6161,231,9891,015,0001,056,0001,228,0001,189,000
       Short-term Debt 
1,135,000
1,204,000
992,000
948,000
0
0
0
595
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000595000948,000992,0001,204,0001,135,000
       Short Long Term Debt 
1,135,000
1,204,000
992,000
948,000
0
0
1,081,878
1,140,043
994,580
1,071,612
913,300
554,165
504,401
561,617
563,251
529,554
571,660
606,685
609,635
655,169
820,665
626,059
662,571
662,571626,059820,665655,169609,635606,685571,660529,554563,251561,617504,401554,165913,3001,071,612994,5801,140,0431,081,87800948,000992,0001,204,0001,135,000
       Accounts payable 
167,000
318,000
295,000
276,000
0
0
307,108
176,042
178,365
109,265
221,677
180,143
198,025
190,385
199,367
206,720
198,087
141,422
213,445
207,535
218,049
89,097
207,577
207,57789,097218,049207,535213,445141,422198,087206,720199,367190,385198,025180,143221,677109,265178,365176,042307,10800276,000295,000318,000167,000
       Other Current Liabilities 
192,000
4,000
5,000
14,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000000014,0005,0004,000192,000
   > Long-term Liabilities 
0
0
0
0
0
0
231,336
181,996
95,956
88,114
88,241
430,731
429,281
433,034
408,869
365,620
341,614
301,455
238,293
167,736
97,332
280,549
259,235
259,235280,54997,332167,736238,293301,455341,614365,620408,869433,034429,281430,73188,24188,11495,956181,996231,336000000
       Long term Debt Total 
0
0
0
0
113,396
85,000
177,702
136,917
51,418
0
24,715
367,677
366,747
376,806
359,852
316,907
294,931
255,369
192,619
122,361
52,097
230,727
209,674
209,674230,72752,097122,361192,619255,369294,931316,907359,852376,806366,747367,67724,715051,418136,917177,70285,000113,3960000
> Total Stockholder Equity
0
0
0
0
886,097
854,339
798,004
462,488
428,237
671,889
644,080
654,855
697,376
725,281
757,604
791,172
794,645
630,137
565,763
503,625
506,294
625,202
586,250
586,250625,202506,294503,625565,763630,137794,645791,172757,604725,281697,376654,855644,080671,889428,237462,488798,004854,339886,0970000
   Retained Earnings 
261,000
209,000
162,000
153,000
262,917
230,061
184,303
-150,628
-217,755
28,643
-294,683
-283,411
-242,541
-213,685
-181,543
-147,246
-137,103
-301,639
-344,593
-405,219
-402,749
-421,148
-458,868
-458,868-421,148-402,749-405,219-344,593-301,639-137,103-147,246-181,543-213,685-242,541-283,411-294,68328,643-217,755-150,628184,303230,061262,917153,000162,000209,000261,000
   Accumulated Other Comprehensive Income 00000000000000000000000
   Capital Surplus 00000000000000000000000
   Treasury Stock00000000000000000000000



Balance Sheet

Currency in MYR. All numbers in thousands.




Cash Flow

Currency in MYR. All numbers in thousands.




Income Statement

Currency in MYR. All numbers in thousands.


Latest Income Statement (annual, 2023-06-30)

Gross Profit (+$)
totalRevenue2,386,435
Cost of Revenue-2,392,225
Gross Profit-5,790-5,790
 
Operating Income (+$)
Gross Profit-5,790
Operating Expense-2,498,500
Operating Income-112,065-2,504,290
 
Operating Expense (+$)
Research Development-
Selling General Administrative118,148
Selling And Marketing Expenses-
Operating Expense2,498,500118,148
 
Net Interest Income (+$)
Interest Income30,132
Interest Expense-32,628
Other Finance Cost-27,269
Net Interest Income-29,765
 
Pretax Income (+$)
Operating Income-112,065
Net Interest Income-29,765
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-143,776-112,065
EBIT - interestExpense = -32,628
-141,437
-108,809
Interest Expense32,628
Earnings Before Interest and Taxes (EBIT)--111,148
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax-143,776
Tax Provision--7,721
Net Income From Continuing Ops-136,055-136,055
Net Income-141,437
Net Income Applicable To Common Shares-141,437
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-5,670
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net-29,765
 

Technical Analysis of Southern Steel Bhd
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Southern Steel Bhd. The general trend of Southern Steel Bhd is BULLISH with 57.1% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Southern Steel Bhd's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (57.1%) Bearish trend (-57.1%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Southern Steel Bhd.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 0.78 < 0.785 < 0.785.

The bearish price targets are: 0.615 > 0.56 > 0.51.

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Southern Steel Bhd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Southern Steel Bhd. The current mas is .

The long score for the Moving Averages is 11/14.
The longshort score for the Moving Averages is 8/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Southern Steel Bhd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Southern Steel Bhd. The current macd is -0.01006445.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Southern Steel Bhd price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Southern Steel Bhd. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Southern Steel Bhd price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Southern Steel Bhd Daily Moving Average Convergence/Divergence (MACD) ChartSouthern Steel Bhd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Southern Steel Bhd. The current adx is 18.58.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -2/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Southern Steel Bhd shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bearish trend could be forming. -1
Southern Steel Bhd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Southern Steel Bhd. The current sar is 0.66807694.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Southern Steel Bhd Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Southern Steel Bhd. The current rsi is 41.99. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending up: The RSI is trending up. +1
Southern Steel Bhd Daily Relative Strength Index (RSI) ChartSouthern Steel Bhd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Southern Steel Bhd. The current phase is Oversold in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Southern Steel Bhd price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Southern Steel Bhd Daily Stochastic Oscillator ChartSouthern Steel Bhd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Southern Steel Bhd. The current cci is -121.08234378.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Southern Steel Bhd Daily Commodity Channel Index (CCI) ChartSouthern Steel Bhd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Southern Steel Bhd. The current cmo is -27.2749999.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Southern Steel Bhd Daily Chande Momentum Oscillator (CMO) ChartSouthern Steel Bhd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Southern Steel Bhd. The current willr is -87.5.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Southern Steel Bhd Daily Williams %R ChartSouthern Steel Bhd Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Southern Steel Bhd.

Southern Steel Bhd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Southern Steel Bhd. The current atr is 0.03135463.

Southern Steel Bhd Daily Average True Range (ATR) ChartSouthern Steel Bhd Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Southern Steel Bhd. The current obv is 8,294,000.

Southern Steel Bhd Daily On-Balance Volume (OBV) ChartSouthern Steel Bhd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Southern Steel Bhd. The current mfi is 34.36.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Southern Steel Bhd Daily Money Flow Index (MFI) ChartSouthern Steel Bhd Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Southern Steel Bhd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-07-12MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-07-13CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-07-14MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-07-17MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-07-18STOCH SHORT EXITThe %K line crosses above the %D line.
2023-07-21DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-07-24DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-07-25DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-07-26STOCH LONG EXITThe %K line crosses below the %D line.
2023-07-27DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-07-31STOCH LONG EXITThe %K line crosses below the %D line.
2023-08-01DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-08-02CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-08-03MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-08-04DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-08-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-08-09STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-08-11DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-08-14STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-08-16MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-08-17CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-08-18DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-08-21DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-08-23STOCH LONG EXITThe %K line crosses below the %D line.
2023-08-24STOCH SHORT EXITThe %K line crosses above the %D line.
2023-08-25RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-08-28STOCH SHORT EXITThe %K line crosses above the %D line.
2023-08-29RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-08-30STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-09-04STOCH SHORT EXITThe %K line crosses above the %D line.
2023-09-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-09-07SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-09-11STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-09-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-09-15DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-09-18STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-09-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-09-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-09-25STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-09-26CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-09-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-02CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-10-03STOCH SHORT EXITThe %K line crosses above the %D line.
2023-10-04STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-05BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-10-06SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-10-09CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-10-10STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-12CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-10-13STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-10-17MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-10-19STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-20MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-10-24CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-10-25DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-10-26STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-27RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-10-30STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-10-31RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-11-01STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-03STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-07SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-11-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-10CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-14CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-15CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-16CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-17WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-20DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-11-22CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-11-23STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-29STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Southern Steel Bhd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Southern Steel Bhd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5041.987
Ma 20Greater thanMa 500.694
Ma 50Greater thanMa 1000.644
Ma 100Greater thanMa 2000.601
OpenGreater thanClose0.610
Total3/5 (60.0%)
Penke

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