Posted by azmanizam > 2021-07-16 14:24 | Report Abuse

https://tradingeconomics.com/commodity/steel

Posted by azmanizam > 2021-07-19 10:14 | Report Abuse

Price steel today up to 5562(19july). Trend up

Posted by OTB > 2021-07-22 23:17 | Report Abuse

Steel stocks listed in China went up a lot today.
Please be patience to wait for our turn in KLSE.
All steel stocks will perform very well in the next 2 years.
Thank you.

Posted by investortrader88 > 2021-07-25 12:52 | Report Abuse

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

Posted by ming > 2021-08-17 18:51 | Report Abuse

据Mysteel了解，近期受中国冷镀系板材出口退税以及俄罗斯对所有金属品种加征15%临时关税影响，全球各地区冷系板材均出现不同程度上涨至千余美元/吨以上，较7月份九百余美元/吨上涨100美元/吨左右。从需求方面来看，全球供应缺口仍然存在，长期市场供需偏紧。虽然价格出现较大幅度上涨，短期来看对中国钢材出口影响有限。

Posted by durian1 > 2021-08-26 10:14 | Report Abuse

Will this company be profitable this time?

Posted by Analyser > 2021-08-26 17:22 | Report Abuse

Profit is kinda ok but still lower than previous quarter. Mgt prospect says downside risks persists until Phase 2 of national recovery starts. Estimated recovery in 2nd half of 2022.

Posted by Bgt 9963 > 2021-08-26 17:42 |

Post removed.Why?

Posted by mf > 2021-08-26 20:49 | Report Abuse

gap up

Posted by cckiong > 2021-08-26 22:39 | Report Abuse

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.

Posted by bullmarket1628 > 2021-08-30 11:14 |

Post removed.Why?

Posted by BeAmillionaire > 2021-08-30 16:36 | Report Abuse

among all steel counter, melewar is the weakest....almost all steel counter back to 12.5 level, but melewar still far behind

Posted by LuckyBertuah > 2021-08-30 22:45 | Report Abuse

Why the inventories up so much?why???

Posted by fl888 > 2021-09-01 11:41 | Report Abuse

will be declaring at least 2.88 % dividend for 2020 in view of RM72 million profit compared to loss of RM3.7 million for 2019

Posted by warrenG > 2021-09-01 20:18 | Report Abuse

Khairy: Covid-19 is endemic, simpler SOPs to be announced

https://www.youtube.com/watch?v=VaL_GGTBK24

Posted by Hermosa > 2021-09-05 18:04 | Report Abuse

Yes Melewar kinda weak compared to other steel counter.

Posted by Hermosa > 2021-09-05 18:05 | Report Abuse

Even Tashin is stronger. Too sad I am still holding Melewar but let go Tashin too early.

Posted by nikafizan > 2021-09-06 13:40 | Report Abuse

% vaccination goes to north but why the share price left behind ... hurmm

Posted by Mirage2000E > 2021-09-06 21:06 | Report Abuse

Once business sectors opened for sure all steel stocks up first instead of other industry as demands for steel high.

Posted by djibaok > 2021-09-07 11:06 | Report Abuse

otb the best

Posted by mfbs > 2021-09-13 17:08 | Report Abuse

Rubbish company

Posted by LuckyBertuah > 2021-09-15 09:59 | Report Abuse

Melewar QR not bad..it huge increase in inventories...price should not drop so much....weird

Posted by Hui_k_c > 2021-09-16 14:22 | Report Abuse

Can some sifu comment why melewar keep dropping as compare to hiap tek or ays.

Posted by LuckyBertuah > 2021-09-16 19:33 | Report Abuse

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.

Posted by wesleylwl > 2021-09-17 03:11 | Report Abuse

management prospects pessimistic compared to others, also all their operation in selangor so they affected by lockdown alot.

Posted by wesleylwl > 2021-09-17 03:11 | Report Abuse

but fundamentally speaking should be still good

Posted by LuckyBertuah > 2021-09-20 21:57 | Report Abuse

I cut 1st....standby for low entry

Posted by moneytr33 > 2021-10-01 14:55 | Report Abuse

haih.. melewar, so quiet

Posted by Beltland > 2021-10-16 21:38 | Report Abuse

Govt imposes anti-dumping duties for 5 years on cold-rolled steel from China, S. Korea, Vietnam. Rates set are between 7.42% and 42.08%, ... Bernama .com news. 15 oct 2021


Good news ! Monday up !!

Posted by mfbs > 2021-10-18 18:49 | Report Abuse

Hahahah... Never go up. Rubbish company...hahaha

Posted by Beltland > 2021-10-18 21:15 | Report Abuse

Be patience ! Sure will go up .

Posted by mfbs > 2021-10-21 19:55 | Report Abuse

Useless counter

Posted by Wyko > 2021-10-22 23:09 | Report Abuse

you must have lost a lot of money then

Posted by LubeTrader > 2021-10-29 09:31 | Report Abuse

There doesn't seem to be any resolution about dividend.

Posted by ase133 > 2021-11-01 10:08 | Report Abuse

good news for Melewar, changeable income below 100m. not windfall tax

Posted by icon2021 > 2021-11-05 10:53 | Report Abuse

0.30 could be anytime soon... TAYOR...

Posted by Massimo > 2021-11-05 10:58 | Report Abuse

Anyone still hold melewar ? I bought at 550,450… really upset

Posted by Seven77 > 2021-11-05 17:03 | Report Abuse

Melewar wb more cheap 0.16 good opportunity to buy. Sure rebound

Posted by imvu > 2021-11-10 20:16 | Report Abuse

beli annjoo 2.110 atau masteel-wb (baru lahir) 0.130 atau melewar-wb 0.145 ? yang mana akan untung besar kalau rebound nanti ?

Posted by SinbaLion > 2021-11-25 17:57 | Report Abuse

consider not bad for the latest QR... 6 weeks lock down and 60% capacity but revenue only dropped by 4%

Posted by cckiong > 2021-11-25 19:14 | Report Abuse

profit continously dropping for the previous quarter. lose quite a lot as I was conned to buy at .54. sigh

Posted by moneytr33 > 2021-11-26 09:17 | Report Abuse

Cckiong, hopefully melewar will bounce back soon. I stucked at high floor too

Posted by hoot9eonly > 2021-12-16 10:35 | Report Abuse

Sleeping again

Posted by Kicapkipasudang > 2021-12-28 16:48 | Report Abuse

Now come melewar

Posted by limkokthye > 2021-12-30 10:20 | Report Abuse

just buy in 35sen:) hope can win

Posted by OneSmallStep > 2022-01-02 11:14 | Report Abuse

Be patient...winning is coming sooner or later

Posted by dagger123 > 2022-01-04 11:52 | Report Abuse

build up momentum phase, the time will come soon. now is only waiting game

Posted by Karma4444 > 2022-01-09 10:17 | Report Abuse

Tp 1.30

Posted by davidts95 > 2022-01-17 11:06 | Report Abuse

I think still need to be long run

Posted by fairyz > 2022-02-09 10:29 | Report Abuse

Iron Ore futures a bit down after quite mesmerizing rise


Let's see if China will ease strict carbon/green policy then we see how steels soar.... inflation could be unavoidable


https://www.mining.com/iron-ore-price-hits-5-month-high-on-china-demand-optimism/
https://www.mining.com/iron-ore-price-rise-to-150-after-beijing-eases-steels-green-targets/
https://www.afr.com/markets/commodities/china-could-struggle-to-halt-iron-ore-price-charge-20220201-p59stm