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Overview
Financial Highlight
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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.
  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 hoot9e996 when you arent sure melewar up cause of mycron or the other way round.... 12/04/2022 4:19 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 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 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 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 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 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  imvu 0.240 / -wb 0.045 masih dalam area kutip kutip , apa lagi kutip kutip sampai billionaire ! 05/10/2022 5:41 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 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 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  | |
