Melewar Industrial Group Berhad, an investment holding company, engages in manufacturing, distributing, and trading steel and iron products in Malaysia. It operates through Steel Tube, Cold Rolled, and Engineering segments. The company offers black and carbon steel pipes, and square and rectangular hollow sections for bicycle, vehicles, agricultural implements, civil engineering, steel towers, furniture, mining industries, etc.; and gas and water pipes for carrying gas, water, steam, oil, air, etc. It also provides galvanized steel conduits for electrical wiring; light gauge steel plain and lipped channels for civil engineering, transportation and electrical communication equipment, machinery, etc.; and hot rolled steel plates and sheets, and cold rolled steel sheets for furniture constructions, engineering, electrical appliances, etc. In addition, the company offers welded steel pipes; carbon steel pipes for ordinary piping and machine structural purposes; square and rectangular hollow sections; and mild steel plain channels, as well as hot-dip galvanizing services. Further, it is involved in the zinc coating; construction and supply of quick assembly homes; trading of steel products and scrap; provision of engineering and technical consultancy services; and property investment activities. The company was founded in 1969 and is headquartered in Kuala Lumpur, Malaysia.
# Div 4.33 %
# Cash & receivables RM 260.1 million
# Debts RM 92.7 million
# Nett cash RM 167.4 million
# Physical assests RM 391.4 million
# Has become profitable over the past 5 years, growing earnings by 50.6% per year.
# Nta RM 0.97
# Lowest in history RM 0.10 Year 2019 . Highest RM 3.79 Year 1995
The business lockdown under the FMCO and then National Recovery Plan (NRP) Phase 1 continued into the new financial year until 16th August 2021 when the ‘non-essential’ manufacturing sector was finally allowed to resume operations at staggered capacity based on employees’ completed vaccination rate. In this regard, it was timely that the Group had participated in the COVID-19 Public-Private Partnership Industry Immunization Program (PIKAS) upon its launch to accelerate the vaccination rate amongst its staff. The Group’s steel operations were able to resume production from 16th August at around 60% capacity and should attain full capacity availability by end August. The six weeks of business shutdown will negatively affect net income and cashflows of the Group in the 1st quarter of the next financial year. As at the date of this report, the Group was able to stretch its cashflows to meet financial obligations and has not sought any rescheduling of its financial obligations. The resumption of operations from 16th August has alleviated pressure on the aforementioned as its cash-conversion-cycle should start to normalise. See Note B3 on outlook for the new financial year. Besides the above, there are no other known material subsequent events up-till the date of this report which may affect the Group’s financial position and performance of its entities.
I think bcoz latest QR reported revenue & profit drop so much.Also lockdown on june to august.However, even latest QR not give nice figure on revenue & profit, BUT check how they manage their liabilities.decrease in liabilities & the liabilities can vanish if inventories not increase so much.the increase in inventories might due to lockdown..hope sifu in FA can correct me if im wrong.
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Posted by kasrim > 2021-07-15 11:35 | Report Abuse
kedai besi tutup lagi ke?