1. WHY? 

- Lowest PE ratio (Calculated by 4X latest quarterly results of all steel company - Most reflective as steel price has been rising!)

- Highest discount to book value!

- Very low Gearing! 

Note: Melewar has Gain from sale of subsidiary of RM5 million in latest quarter - ALREADY REMOVED IN THE ABOVE CALCULATION

2. SO, PANTECH or MELEWAR? Both are good, but PANTECH insider (director) selling 

3. NEXT STEP - HOOT 99 E MELEWAR!

Short term target: RM0.45  (Average PE of peers of 11 times)

4. STEEL PRICES GRAPH - EXPECT AN EXPLOSIVE QUARTER 4 FOR STEEL COMPANIES

Cautionary statement - Hoot 99 E safely