Last Price Today's Change   Day's Range   Trading Volume
0.265   +0.015 (6.00%)  0.255 - 0.265  274,600
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Market Cap: 95 Million
NOSH: 359 Million
Avg Volume (4 weeks):236,504
4 Weeks Range:0.25 - 0.275
4 Weeks Price Volatility (%):
52 Weeks Range:0.22 - 0.46
52 Weeks Price Volatility (%):
Average Price Target: 0.12
Price Target Upside/Downside: -0.145

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2022 [#2]  |  22-Feb-2023
Next QR | Est. Ann. Date: 31-Mar-2023  |  31-May-2023
T4Q P/E | EY: 44.38  |  2.25%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 1.11  |  0.24
T4Q NP Margin | ROE: 0.69%  |  0.54%


Date Subject
02-Feb-2023 Daily technical highlights – (BSLCORP, MELEWAR)
13-Apr-2022 Daily technical highlights – (ANNJOO, MELEWAR)

Business Background

Melewar Industrial Group Bhd is engaged in property development and an investment holding company which through its subsidiaries is principally involved in mid-stream steel cold rolled coil and steel tube manufacturing, coupled with engineering services. The group's steel division manufactures cold-rolled coil steel sheets and steel tubes. The cold rolled segment is in the business of manufacturing and sales of cold rolled coils. The engineering segment is involved in providing engineering services including projects that would be accounted as construction contracts. The investment holding segment refers to companies with investments in subsidiaries and companies with investments in quoted and unquoted equity securities. The company is based in Malaysia.
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  2 people like this.
hoot9e996 im on a dilemma on steel counters. can someone give me some advice / ideas
steel prices up thats nice
raw materials up, cost of production up. is there any specific steel industry in play?
like oil sector, oil price up = only those who is able to dig for oil + oil reserve benefited from oil price up
then those who base on contract see their share price drop or no movement

for steel counter im on dilemma, the last super rally was because of their inventory.
now i have no idea
10/03/2022 10:16 PM
moneytr33 nice, if today closing 38.5 sen, tomoro hopefully can see 40 sen
23/03/2022 4:45 PM
moneytr33 Steel is now CNY5058... TP 40 - 42 sen
28/03/2022 3:45 PM
IlmuKhodam Mycron moving..
12/04/2022 12:25 PM
TheContrarian Go, go, go Mycron.
12/04/2022 1:06 PM
loneranger163 harap2 mycron boleh touch 0.65 hari ni, sambung esok pulak
12/04/2022 4:14 PM
hoot9e996 when you arent sure melewar up cause of mycron
or the other way round....
12/04/2022 4:19 PM
xytraders limit up
12/04/2022 9:03 PM
VTrade Cupper rebounding up
12/04/2022 9:07 PM
Michael Kwok Buy melewar q 41.5 cents.Sell at 50 cents range...
13/04/2022 12:01 AM
hoot9e996 wah
15/04/2022 9:51 AM
utusminum Privatization offer, offer price is at around 70 sen
15/04/2022 10:41 AM
vic_amat87 Utusminum: how did u know privatization?
15/04/2022 11:51 AM
utusminum Wait for suspension later..

Can't disclose too much info
15/04/2022 1:23 PM
MunChunxX wait wat?? privitization ??
15/04/2022 1:36 PM
MunChunxX are u fking serious can anyone say something about it ?
15/04/2022 1:36 PM
vic_amat87 I heard mycron offer at rm1. But i think all are rumors, to pump that stock
15/04/2022 2:12 PM
utusminum Today will be a good day for Melewar.... Announcement will be in this week...

Limit up at anytime soon
18/04/2022 8:41 AM
KingKoil Accumulation
18/04/2022 10:00 AM
TheContrarian Mycron pulling up Melewar.
18/04/2022 10:07 AM
BursaMaster121212 should not chase Mycron since it up so much adi, should buy Melewar...it owns 75% of Mycron...and soon will follow Mycron limit up

18/04/2022 10:18 AM
TheContrarian Melewar might privatize Mycron at RM1.
18/04/2022 10:21 AM
BursaMaster121212 what i heard is close to its net asset value...so offer price is 1.4...

if lower than that, no one will accept

still got a lot of upside ...
18/04/2022 10:46 AM
TheContrarian Then go buy Mycron.
18/04/2022 10:55 AM
utusminum Subsi up a lot adi, go for both
18/04/2022 1:19 PM
mm310 the momentum still good, hope this week will rise to 0.5
19/04/2022 11:08 PM
RAbbit494 peluang naik esok memang ada hanya melepasi 460 atau jatuh kembali merah atau bertahan 455 . apapun hold pasti akan lepasi 500 tak minggu ni minggu depan . merah beli hijau tunggu masanya terbang pasti akan tiba .
good luck

hanya berbicara di waktu lapang
maaf jika ada silap kata
20/04/2022 12:50 AM
KingKoil Commodities theme now.
23/04/2022 9:00 PM
Amzar007 I don't know what is wrong with this counter. Other steel counters are moving uptrend, but this counter are moving backwards.
28/04/2022 5:19 PM
TheContrarian Melewar is a holding company steel counter. All its steel business is done via Mycron.
28/04/2022 5:44 PM
nono_hardi =.= pray for you then
13/05/2022 2:39 PM
ket4212 tuesday will gap up
14/05/2022 8:50 AM
Gold_Ticker <Attention>: 0.340 cents; Resistance hover. Low bounce. | 20220531_093550
01/06/2022 12:35 PM
fairyz It seems all gloom for steel counters?

Inflation hence less demand?

MST’s products are widely used in the construction, furniture, automotive, bicycle, and engineering industries.

16/06/2022 10:58 AM
thesteward If can break 31 then could fly
27/06/2022 12:16 PM
IlmuKhodam Son giving 3cent div to mother.
29/06/2022 9:06 PM
imvu 0.240 / -wb 0.045 masih dalam area kutip kutip , apa lagi kutip kutip sampai billionaire !
05/10/2022 5:41 AM
hoot9e996 masteel flying, come on melewar your turn!!!
21/11/2022 3:06 PM
hoot9e996 ok warrant got fly good enough :)
21/11/2022 3:10 PM
Tiger I Somebody start accumulating
21/11/2022 4:43 PM
Tiger I come on start the engine
23/11/2022 4:07 PM
hoot9e996 broom broom
27/12/2022 10:14 AM
hoot9e996 engine warming up..........
soon go BROOOOM
lets hope not BOOM down haha
27/12/2022 10:26 AM
AlexChiaWS Steel rebar futures rose past CNY 4,060 per tonne in January, the highest since late August, supported by expectations of higher demand and signs of tight supply. Iron ore costs in China jumped as cargo surveyors flagged a sharp decrease in shipment volumes from major producer Brazil, leaving blast furnaces scrapping for the steel-making ingredient.

"article from Trading Economics"

Trade at your own risk.
13/01/2023 11:06 AM
Superb99 So good prospects, why price keeps dropping, Mr Alex?
13/02/2023 12:09 PM
AlexChiaWS Steel rebar futures are trading around CNY 4,006 per tonne (yesterday price) , down from the six-month high of CNY 4,180 touched on January 30th after a survey of post-Lunar New Year inventories of steel products in China showed a significant increase.

"article from Trading Economics"

Trade at your own risk.
15/02/2023 12:52 PM
TCH1186 this will go higher in a month. hold your portfolio!
07/03/2023 9:46 AM
TCH1186 me no joke liao. heh heh
07/03/2023 11:29 AM
AlexChiaWS The tailwinds is pointing to a good direction for steel related counters.
Last QR (Sept to Dec), the steel was priced at:
Sept CNY 4000
Nov CNY 3500 (dropped)
Dec. CNY 3900 (recovering)
Basically all steel related company QR was bad.

Jan'03 CNY 4100
Feb CNY 4200
as of 14 Mar CNY 4339
Practically, next QR forecast should be better.

Trade at your own risk
15/03/2023 3:05 PM
AlexChiaWS Prices for iron ore cargoes with a 63.5% iron ore content for delivery in Tianjin were near $130 per tonne, approaching the eight-month high of $133 touched on February 21st as investors remain optimistic about Chinese demand this year.

Steel rebar futures rose above CNY 4,300 per tonne in March, the highest in eight months, on optimism of higher demand from China as the country enters peak construction season and is set to announce more fiscal support. The Chinese government announced a 5% growth target for this year during its National People’s Congress session, paving the way for more stimulus for infrastructure. Meanwhile, supply remained tight as major steel production hub Tangshan was forced to extend its production halt in response to heavy pollution. Also, steel mills were forced to make higher bids for iron ore since adverse weather in top iron ore producers Australia and Brazil limited shipments.

"article from Trading Economics"

Trade at your own risk.
15/03/2023 3:06 PM

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