Posted by John1234 > 2016-12-07 11:21 | Report Abuse

Oil price increase is good for ringgit. Imported raw materials for steel production are denominated in US$. A stronger ringgit means lower US$ to pay.

Posted by flashprofits > 2016-12-08 07:50 | Report Abuse

Going down 0.250. Almost 100% value wipe out from 0.650. Next quarter profits sure bad. Wait break 0.300 only accumulate. Eps negative Pe negative

Posted by VenFx > 2016-12-08 08:26 | Report Abuse

No need wasting on this, go for Prestar.

Posted by MOTOHO > 2016-12-14 08:37 | Report Abuse

Oil up ,iron ore, coal,lime will up

Posted by hklcheng > 2016-12-19 11:36 | Report Abuse

break the 38 resistance...see u at above 51...buyyyyyyyyy call

Posted by John1234 > 2016-12-20 20:20 | Report Abuse

Sure or not? Even as Mycron has rebounded so much, it is still stuck between 34 sen and 38.5 sen range....

Posted by hklcheng > 2016-12-21 10:12 | Report Abuse

john...engine start...did u bought?

Posted by John1234 > 2016-12-21 10:32 | Report Abuse

Yes, just bought some to test the water. This counter has been heavily oversold and suppressed at low prices for a while. Now that it has broken higher, let's see...

Posted by hklcheng > 2016-12-21 11:37 | Report Abuse

once mycron stand firm at 105...is the turn they play melewar

Posted by John1234 > 2016-12-21 21:03 | Report Abuse

Good closing at 41.5 sen. Up 9.2%. Back above 200 days moving average.

Posted by John1234 > 2016-12-22 18:00 | Report Abuse

It closed unchanged today amidst a general weak mkt and Mycron's 5-sen fall.

Posted by hklcheng > 2016-12-23 10:29 | Report Abuse

keep accumulate...405...target...atleast 465

Posted by Woo John > 2016-12-23 11:28 | Report Abuse

Next month with new president of US swear in, construction of infrastructure will be the priority. For sure there will be a surge in demands worldwide with prices of steel rebounding. Get ready to collect rewards.............

Posted by John1234 > 2016-12-23 17:14 | Report Abuse

Closing at 40.5 sen, ahead of a holiday long weekend. Some slight profit- taking in a quiet mkt.

Posted by strykerjunior > 2016-12-27 19:54 | Report Abuse

I am not sure of the RM230.6 million unrecognized losses of investment in Melewar's Power Associate. It is mentioned that the investment is immaterial to the Melewar group. Why immaterial? What happens when the losses is recognized? A huge hole in NAV reduction? Will it be recognized? Or it doesnt have to be recognized? The company can choose when to recognize the losses? Can someone enlighten me about this issue?

Posted by VenFx > 2016-12-27 20:05 | Report Abuse

When there are potentially threat or management integrity issues best to avoid this kind of counter.
Btw, their Integration Engineering will be the pull factors at least in the near factors.
Who knows,
Melewar will come out later and say those V.O. shall make claimable ... (I'll choose to stay away )

Posted by hklcheng > 2016-12-28 16:52 | Report Abuse

latest news?

Posted by comebackisreal > 2016-12-30 20:06 | Report Abuse

Lower and lower

Posted by VenFx > 2016-12-31 08:26 |

Post removed.Why?

Posted by VenFx > 2016-12-31 08:27 | Report Abuse

http://klse.i3investor.com/blogs/naivestocktrader.blogspot.my/112812.jsp

Posted by John1234 > 2017-01-02 08:21 | Report Abuse

Just ask yourself. If not somehow due to the unrecognised losses, you think this counter could be trading at such a huge discount to its NTA at current price? To what extent the mkt has priced in that news is just anybody's guess.

Posted by VenFx > 2017-01-02 10:38 |

Post removed.Why?

Posted by John1234 > 2017-01-02 13:41 | Report Abuse

I agree that its management has screwed up on its investment in its Power Associate, hence the unrecognised losses. So, it may not be a long-term buy. But on a short-term trading basis, it can still offer as a "cheaper" proxy to Mycron, if the latter can still climb up some more from the most recent consolidation and the steel theme play is intact. Of course, upside might be capped at a certain price level.

Just my views. Not a buy or sell call, always.

Posted by VenFx > 2017-01-02 13:50 | Report Abuse

John1234,

it's really not worth my time to dig on this poor management company.
it is irony Melewar has screw up in every aspect they touched.
they are lucky to have Mycron.
Try to think a second scenario, what will happen to Melewar ? if, Mycron also practise the same failure to its public shareholders.

Posted by VenFx > 2017-01-02 14:02 | Report Abuse

Monday, 1 Feb 2016 07:00pm EST

Melewar Industrial Group Bhd:Melewar integrated engineering sdn bhd on 29 January entered into a contract agreement with Tanjung Bin Power Sdn Bhd.Contract agreement with Tanjung Bin Power Sdn Bhd for a total contract sum of around 83 million rgt.Deal for procurement and installation of a new conveyor line, upgrading and modification works at Tanjung Bin Power Plan.
http://www.reuters.com/finance/stocks/MSTM.KL/key-developments/article/3344796

Me: Try to compare their Bidding price at 83 mil , compared to their recently provisional amount @ $9 plus mil ; which is totally ridiculously .
If there is a way to claim for V.O. in future , that will be another De javu for me.

Posted by John1234 > 2017-01-02 14:04 | Report Abuse

Yes, do not buy if you have no confidence in its management. There are so many companies out there for us to pick and choose. It all depends on our investment objectives, time horizon and risk tolerance level, etc.

Posted by agcnazriadam > 2017-01-02 16:52 | Report Abuse

Good prospect but never move..

Posted by VenFx > 2017-01-02 16:54 |

Post removed.Why?

Posted by pradeep > 2017-01-06 16:27 | Report Abuse

My view is because of their interest in Mycron the company had been restructured Melewar is a good buy,the risk is lower it directly we are buying Mycron because its earning had improved

Posted by Dammy Garage > 2017-01-12 12:44 | Report Abuse

is time to buy this stock

Posted by hklcheng > 2017-01-13 14:23 | Report Abuse

why u say so

Posted by Dammy Garage > 2017-01-13 17:48 | Report Abuse

zig zag...i based from chart....if breakout hopefully can create new +ve trend.

Posted by Dammy Garage > 2017-01-16 17:41 | Report Abuse

pecah sudah resstance bawah..sell2x

Posted by hisehatu > 2017-01-23 16:26 | Report Abuse

yeah. go lower!

Posted by Izzo > 2017-01-27 14:46 | Report Abuse

Tech based..keep accumulate...wait for weekly signal sync..all are history..

Posted by calvintaneng > 2017-02-13 08:50 |

Post removed.Why?

Posted by calvintaneng > 2017-02-13 17:30 | Report Abuse

Just as Calvin Tan Research forecasted

Those who chased Flat Steel Will Fall Flat on Their Faces!!


Posted by calvintaneng > Nov 28, 2016 08:57 PM | Report Abuse

X

Posted by PlsGiveBonus > Nov 28, 2016 08:46 PM | Report Abuse

Tomorrow gap down 20%...

Whoa! You have just highlighted what I also wanted to share!

Already warn all those who keep Flat steel will fall flat on their faces later. Now Company has explained very clearly. Mycron's good result is also one off. Same for CscSteel.

So everybody, please take care.




MegaSteel closure was a one off event benefiting flat steel companies.

After Melewar fell Flat. Now is CscSteel's turn

See

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5335321


BETTER SELL AND SWITCH ALL TO PLANTATION STOCKS TO RECOUP BACK YOUR LOSSES!!
13/02/2017 17:29

Posted by hisehatu > 2017-02-14 12:16 | Report Abuse

MALWARE haha

Posted by anson938 > 2017-02-15 11:03 | Report Abuse

Melewar might try to break 0.435 before climb back to 0.50 soonest.

Posted by pradeep > 2017-02-18 00:56 | Report Abuse

Why you said that anson938

Posted by kyosan > 2017-02-20 10:34 | Report Abuse

Nakamichi Corp Bhd will team up with Aktau Transit LLP and Aktau’s parent company, Caspian Oil Project LLP (COP) to undertake an oil and gas (O&G) project in Kazakhstan.

The Practice Note 17 company has signed an investment agreement with Aktau Transit and COP on 19th January 2017 to jointly monitor and oversee the exploration, development and production activities of Aktau Transit’s two oilfields as part of its plan to regularise its financial position.

Under the deal, Nakamichi will have to fork out US$60.0 mln (RM266.8 mln) to Aktau Transit for upcoming and historical capital expenditures at the oilfields as well as US$86.0 mln (RM382.4 mln) in refundable performance deposit, to be offset against a performance bonus payable by Nakamichi to Aktau Transit of US$3.40 per barrel of oil produced.

Nakamichi will be entitled to 90.0% of the distributed profit. NOGSB, meanwhile, will be paid an agent fee of 15.0% of the total amount of the capital and operational expenditures paid by NOGSB on behalf of Aktau Transit or paid by Aktau Transit.

To fund the project, Nakamichi is proposing a financial regularisation scheme that includes a special issue of shares and a rights issue with warrants that will raise gross proceeds of RM725.6 mln. Nakamichi will also reduce its existing paid-up share capital by cancelling 95 sen from its shares’ existing par value of RM1.00. This will give rise to a credit of RM52.6 mln which will be used to reduce its accumulated losses. The board also proposes to reduce the company’s share premium account, which stood at RM38.5 mln as at 30th September 2016.

Following the above exercise, Nakamichi proposes to issue up to 24.9 mln special issue shares at 10 sen each to Barisan Bonanza Sdn Bhd, whose shareholders are Melewar Industrial Group Bhd and MAA Group Bhd Executive Chairman Tunku Yaacob Khyra and his brother, Tunku Yahaya @ Yahya Tunku Abdullah.

After that exercise, Nakamichi will undertake a renounceable rights issue of 7.23 bln rights shares together with 3.62 bln warrants at an issue price of 10 sen per rights share based on 90 rights shares for an existing Nakamichi share held together with a free warrant for every two rights shares subscribed at an entitlement date to be decided later. (The Star Online)

Posted by kyosan > 2017-02-20 10:35 | Report Abuse

prvs

Posted by kyosan > 2017-02-20 10:35 | Report Abuse

prvs qtr -$13mil due to engineering biz,...if not post profit...will this engineering biz will impair big loss again nxt qtr??

Posted by traderman > 2017-02-23 17:27 | Report Abuse

loss like mad ... eps -18 cent

Posted by kyosan > 2017-02-23 17:48 | Report Abuse

jahanam...sigh...limit down

Posted by kyosan > 2017-02-23 17:52 | Report Abuse

owh engineering segment....if not +24mil profit.. what project is in progress there which costly,,?

Posted by traderman > 2017-02-23 17:53 | Report Abuse

ya, last quarter only loss 3 cent ... already gap down 8 cent upon opening ... now 18 cent ... should be open 30 cent ...

Posted by pradeep > 2017-02-23 20:58 | Report Abuse

I think the last quarter the company knew the losses so the price drop from 0.60

Posted by VenFx > 2017-02-23 21:01 |

Post removed.Why?

Posted by sharkinsider > 2017-02-23 21:52 | Report Abuse

Ham7 jor this stock hahahaha follow real insiders where we push and price stays not those ask you chase higher and turnaround say they abandon ship when they been promoting nonstop like they sell their kidneys to buy! hahahaha

Time to make it back on chem chem chem SAMCHEM!