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KLSE: MELEWAR       MELEWAR INDUSTRIAL GROUP BHD
Last Price Avg Target Price   Upside/Downside Price Call
0.16 0.12     -0.04 (25.00%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
No Price Target available for this stock.





  leejoonkiong likes this.
 
Faiza decade ago, this co is known as Maruichi, price around 3.50 & cash rich
going down hill since taken over
no ending
01/08/2018 11:27 AM
AlfI3 Waaaah, luckily u remind us his old shit name as Maruichi. I really kena burnt since then n holding till now. Thx very Faiza for ur kind reminder
03/08/2018 7:58 PM
kjyang Rights issue,
Management gets money, operating expenses,
Keep making loss,
Then share price go dowm,
Another rights issue few years later.
05/08/2018 2:56 PM
apolloang rights issue also undersubscribe 40%,u think good or bad?
16/08/2018 8:21 PM
AlfI3 Surely die lah, furthermore undersubscribed so much oh. Y sc can approved so simply for such unprospective rights isu excercise ya, dey suppose to b d watch dog to scrutinise n deter these conman scams wor? Pity very much on those victims
17/08/2018 7:22 AM
VenFx Sorry to say,
Melewar' s management are too incompetent.

If one think the subsidiary contribute most profit to melewar, why not just go buy Mycron directly.

Dont dangerous your money in melewar.
17/08/2018 3:38 PM
CharlesT Now oredi at multi years' low...limited downside risk at this level..
17/08/2018 4:00 PM
AlfI3 Undersubscribed rights issue. Prc maintained below rghts issue prc of rm0.20. No sign of active volume at all. To accumulate slowly???
23/08/2018 6:18 AM
rlch RI undersubscribe bec open market buy cheaper?
23/08/2018 7:01 AM
AlfI3 Of course cheaper lah. RI is 0.20 whilst current prc ony at 0.165. But d isu is frm last few weeks trading volume n pattern; nobody intrested to buy leh. Rich, do u find anything disorder?
25/08/2018 6:09 PM
rlch 16-16.5 sen is low risk buy or limited downside. Now people dare not chase higher bec wait QR news?
25/08/2018 6:18 PM
monreyes oversold
28/08/2018 7:22 AM
monreyes YoY revenue increased by 54%
29/08/2018 8:39 AM
Lim NK From 22 drop to 16sen also make no sense
30/08/2018 11:17 AM
monreyes today announcement disposed property for RM26M
30/08/2018 8:33 PM
djibaok I think have to change name to Maruichi then oni go up
03/09/2018 9:20 PM
VenFx I doubt so with the same morons inside.
03/09/2018 10:05 PM
value88 Melewar's engineering segment will no longer incur loss in coming Qs as projects have completed.
From then onwards, it will solely depend on Mycron's earnings from steel tube and CRC businesses.
Melewar is indeed a lousy company having lousy management, but at 14sen per share now, it's stock price should have limited downside now. Any positives will spur the stock price upwards.
If exclude the one-off gain/loss, Melewar was actually in black in its Q4.
04/09/2018 8:38 AM
VenFx There is a saying ,
Its easier to move sea and mountains,
But never trying to change the charecter of a human.
04/09/2018 8:57 AM
VenFx Check how rebar perform 1st ?
Even if one bet on crc, why not just bet on mycron despite the parent company moronwar.
04/09/2018 8:59 AM
Kawelegen 14.5 cent now bargain price
12/09/2018 1:43 PM
Lim Tek Wai Good job ! keep rising....
14/09/2018 11:27 AM
shpg22 Why this sohem keep talking nonsense?
14/09/2018 11:28 AM
VenFx Continue boycott melewar, unless the moron inside kena fired...
Must be responsible for his disastrous biz corporate made into ipp.

Lousy stock i ever seen.
14/09/2018 11:31 AM
monreyes personal vendetta?
16/09/2018 3:52 PM
Lim NK This Melewar also eat shit, since right issue drop to this level
23/10/2018 12:18 PM
Roman Lee very unlucky to buy this type of company. shit
31/10/2018 7:55 PM
saburo11 HOPE WILL REBOUND AFTER HIT ALL TIME LOW..MAJOR SHAREHOLDER SURE TIDO..LOUSY MANAGEMENT..
07/11/2018 10:39 AM
value88 In this quarter, Melewar actually registered positive PBT of RM1.1mil. BUT, the tax expenses was RM2mil (190% tax rate !). Resulting, Melewar again showed loss in PATAMI and EPS.

Why the tax expenses was charged so high..? I think the management somehow want to show negative results.
27/11/2018 7:56 PM
value88 Melewar no doubt is a badly managed company, but its P/BV is so low and makes it attractive.
27/11/2018 7:57 PM
commonsense Hi value88,

The high tax rate in the previous quarter was mainly due to taxes imposed on the profitable business (Steel Tubes) which recorded a PBT of around RM10.6mil. The losses from the other businesses could not be used to reduce the PBT of the profitable business hence why the company still need to pay a big tax amount when compared to the accumulative results of all Melewar businesses.

I think the company will continue to make further losses in FY19 given the cheap steel import (especially China CRC) that is currently flooding the market. With lower demand due to the slowdown of the construction and property industry, all local steel player will need to lower their price of product (at the expense of margins) in order to survive. The only way for this negative trend to turnaround and improve the company’s profit level is if MITI would step in and impose further safeguards measure. Till then, expect Melewar to continuously record negative (or low profit) in the near future.

If you are looking to diversify your portfolio outside of Melewar (due to its earnings uncertainties) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

For FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. I am projecting a profit to shareholder of RM160 mil for FY19 which at the current price values MBMR at only 6.2x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analyst is around RM3.50.

Good luck.
23/01/2019 12:29 PM
28/02/2019 12:03 PM
aris743 hope today move 16
08/04/2019 12:35 PM
Octopus this can keep at this price..
08/04/2019 2:34 PM
aris743 ready to move up up
09/04/2019 3:08 PM
aris743 go go melewar
09/04/2019 3:37 PM
saburo11 fuhh..steel theme..tomorrow continue..
09/04/2019 4:45 PM
aris743 hope so. tomoro 18c
09/04/2019 9:13 PM
aris743 steel move. up up msteel = melewar
10/04/2019 11:38 AM
legend wowwww
10/04/2019 4:19 PM
abc333 big show coming 0.3
10/04/2019 5:01 PM
cicakman Price moving up slowly with volume.New buying interest and very positive indications.
10/04/2019 5:24 PM
aris743 tomoro meet 19.5c
10/04/2019 9:14 PM
legend today will break 0.20
11/04/2019 7:16 AM
legend go Melewar...
11/04/2019 9:03 AM
aris743 go go up up
11/04/2019 10:18 AM
legend buy...buy...buy...
11/04/2019 11:23 AM
aris743 rest today
12/04/2019 7:43 AM
legend buy... before take off
12/04/2019 2:57 PM
legend buy..buy..buy
18/04/2019 4:41 PM


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