Posted by Wai Hoe Chai > 2016-11-28 22:32 | Report Abuse

the main losses from engineering division, remember the recent contract is tanjung bin power plant project, is it this project cause the losses? what mean onerous project?stated in A5 clause"For the current quarter, the Group’s wholly owned Engineering subsidiary has to make an additional loss provision of RM11.7 million on-top of the loss provision made in the preceding financial year of RM7 million for an onerous project. The change in estimate is attributed to cost developments of the project over the current quarter which could not have been justified in the preceding financial period."

Posted by VenFx > 2016-11-29 07:25 | Report Abuse

Insider know it befire qtr result release.
Check on the price different if spread from Mycron with Melewar , certainly u agree with me.

Posted by VenFx > 2016-11-29 07:26 | Report Abuse

May be droo for today will not that drastically.

Posted by yawcfd > 2016-11-29 09:06 | Report Abuse

Lowest 0.42, -20%

Posted by asiv92 > 2016-11-29 09:08 | Report Abuse

open at 0.45..jesus

Posted by hklcheng > 2016-11-29 09:19 | Report Abuse

wil break 42?

Posted by John Lu > 2016-11-29 09:24 | Report Abuse

41.5...buy!!!

Posted by pc007 > 2016-11-29 09:24 | Report Abuse

Run run....if not matilah

Posted by John Lu > 2016-11-29 09:25 | Report Abuse

I busy buying from 44c to 41.5c

Posted by John Lu > 2016-11-29 09:26 | Report Abuse

No brainer...melewar should worth 70c now

Posted by John Lu > 2016-11-29 09:27 | Report Abuse

NTA 1.33, hold 71.3% of mycron...apa takut? Strong buy!!

Posted by John Lu > 2016-11-29 09:30 | Report Abuse

Most of the transaction of 41.5 is bought by me

Posted by yawcfd > 2016-11-29 09:31 | Report Abuse

support 0.40. once support breaks...

Posted by John Lu > 2016-11-29 09:33 | Report Abuse

Come come...sell more to me at 42 and 42.5...I queue there waiting for anyone throw to me

Posted by John Lu > 2016-11-29 09:37 | Report Abuse

Everyone selling but i keep buying...how?

Posted by John Lu > 2016-11-29 09:40 | Report Abuse

Faster throw to me at 42c. I am waiting. Faster cut loss your share and throw to me now. Later drop below 39c

Posted by John Lu > 2016-11-29 09:43 | Report Abuse

Hip Hop Horeey...42c done. I queue buy more at 41.5 and 41c

Posted by John Lu > 2016-11-29 09:45 | Report Abuse

Faster throw to me at 41.5

Posted by John Lu > 2016-11-29 09:47 | Report Abuse

Melewar now really undervalue...NTA 1.33, hold 71.3% mycron, cheap...like buying new mercedes with MyVi price

Posted by John Lu > 2016-11-29 09:50 | Report Abuse

Wohooo!!

I add so much at 42c!!

Posted by strykerjunior > 2016-11-29 09:53 | Report Abuse

To be frank, at a NTA at RM1.35, one quarter loss is nothing to Melewar. It will take many quarters and years for this amount to dwindle. When the public resort to panic selling, it is a norm for share price to fall drastically because of the dearth of buyers at a specific time. Only the wise collects and waits. Such a sad case if you resort to panic. A knee jerk reaction, a loss of capital, and after some time, things will go back to normal. How much lower do you think Melewar can go with an NTA at that price. Please do not forget who owns the majority stake in Mycron and the financial performance of Mycron. This is just the start of Mycron's profit.

Posted by Lulu La > 2016-11-29 09:54 | Report Abuse

NTA is useless when conpany not making money

Posted by John Lu > 2016-11-29 09:54 | Report Abuse

Melewar is the world's most undervalue steel counter. WHY?

NTA 1.33, holding Mycron cash cow at 71.3%, backup by Royal Family...42c is a must buy. TP at least RM0.84.

Hip Hop Hoorey!!

Posted by John Lu > 2016-11-29 09:57 | Report Abuse

Nobody want to buy at 42c?? Nobody want to buy at 41.5c? Nobody want to buy at 41c? I will buy all...cold eye sifu said: if a stock drop and you dare to buy mean you are chosing the right counter...i keep buying

Posted by John Lu > 2016-11-29 09:58 | Report Abuse

I pray melewar drop more so that I can buy more. Drop to 30c is the best for me to sell house to buy more

Posted by John Lu > 2016-11-29 09:59 | Report Abuse

NTA useless? I learn this NTA from Calvin Tan chicken head leh. Why useless?

Posted by Op3rs > 2016-11-29 09:59 | Report Abuse

i really dont understand why would u sapu
The Engineering segment’s negative contribution to the Group will likely persist for the remaining financial
year, as the engineering subsidiary gives focus on completing its contractual work obligation within the
revised cost budget which contributed to the onerous contract’s significant loss provisions to-date.

Posted by John Lu > 2016-11-29 10:00 | Report Abuse

I hopes uncle Kyy will notice this melewar and buy together with me. I am buying alone and earn all the money in melewar not exciting

Posted by John Lu > 2016-11-29 10:03 | Report Abuse

NTA 1.33, hold 71.3% mycron. No brainer

Posted by John Lu > 2016-11-29 10:03 | Report Abuse

I hopes next few days slowly drop to 30c so that i can buy more...sell my house to add. Hip Hop Hoorey

Posted by strykerjunior > 2016-11-29 10:04 | Report Abuse

"The engineering subsidiary is engaging the client to seek variation claims, and any positive resolution arising from the aforementioned may improve the prospect of the Group for the remaining financial year." lol

Posted by hklcheng > 2016-11-29 10:04 | Report Abuse

405 pun datang dah

Posted by John Lu > 2016-11-29 10:05 | Report Abuse

Yeah!! 40.5 come to mama

Posted by John Lu > 2016-11-29 10:05 | Report Abuse

40c come to mama please.

Posted by John Lu > 2016-11-29 10:07 | Report Abuse

If u didnt throw at 42.5c to me just now...you need to throw to me later at 40c...so, faster throw to me at 40.5c now

Posted by Kana Miko > 2016-11-29 10:07 | Report Abuse

I heard john lu no more bullet.

Posted by John Lu > 2016-11-29 10:10 | Report Abuse

Faster sell to me 40.5c, 39c coming soon

Posted by John Lu > 2016-11-29 10:11 | Report Abuse

I going to bank apply share margin now. Stop throwing to me ok?

Posted by ljmeng > 2016-11-29 10:12 | Report Abuse

why to catch falling knife????

Posted by John Lu > 2016-11-29 10:13 | Report Abuse

NTA 1.33, holding 71.3% mycron, backup by royal family...why not?

Posted by yawcfd > 2016-11-29 10:15 | Report Abuse

Taking falling knife, bleeding or die...

Posted by John Lu > 2016-11-29 10:17 | Report Abuse

Die??? I keep buying...how?

Posted by John Lu > 2016-11-29 10:18 | Report Abuse

With RM1 million only can buy 1500 lots last week. Now can buy 2500 lots...why not?

Posted by John Lu > 2016-11-29 10:27 | Report Abuse

Woohoo...rebound lo!!

Posted by IamGoogle > 2016-11-29 10:28 | Report Abuse

John Lu, be careful if it has yet to touch down the floor.

Posted by projecti2016 > 2016-11-29 10:34 | Report Abuse

Cheap sales better than Black Friday and cyber Monday

Posted by IamGoogle > 2016-11-29 10:36 | Report Abuse

Seems like a lot of hidden things in this MIG, Mycron is obvious & better option if price is attractive enough.

Posted by aa88 > 2016-11-29 10:48 | Report Abuse

falling knife

Posted by yawcfd > 2016-11-29 10:50 | Report Abuse

Well, not my $$ after all.

Posted by clp72 > 2016-11-29 10:58 | Report Abuse

i think the problem is that they have not taken into account he losses of the siam power plant, which the carrying cost is about rm 230 mill