J4 Investment Capital
Melewar - A must read analysis
J4InvestmentCapital
Publish date: Fri, 03 Jan 2020, 12:59 AM
| Relationship between MYCRON STEEL and Melewar | ||||
| Melewar holds 74 percent of Mycron Steel | ||||
| Mycron Steel Market Capital : 160m | ||||
| Conversion of 160m market cap into Melewar share price | ||||
| 0.444444444 | ||||
| It means merely Mycron Steel will contribute to Melewar 0.44 of share price | ||||
| Correlation analysis | ||||
| Mycron goes up by RM0.1 | ||||
| Its Market capital goes up by 0.1x327,056,250=32.7m | ||||
| Conversion of 32.7m into Melewar share price | ||||
| 0.090833333 | ||||
| It means Mycron goes up 1 sen will contribute to Melewar going up one sen in tandem | ||||
| Based on current market price , why I prefer Melewar over Mycron ? | ||||
| Mycron current price : 0.49 | up 1 sen = 0.01/0.49=2% | |||
| Melewar current price 0.31 | up 1 sen = 0.01/0.31=3.22 % | |||
| Based on current market price , Melewar havent factor in the whole Mycron valuation , so potential upside towards 0.44 is a must based on my analysis | ||||
| This analysis is based on Naim-Dayang-Perdana analysis in reference. | ||||
Disclaimer :Strictly not buy or sell call , it is for educational purposes , and to be frank we have bought far earlier at 0.17 , so it is not advisable to chase high . Happy Investing
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Discussions
Be the first to like this. Showing 5 of 5 comments
Good job! Wish you more and more development https://colorscreen.io/black-screen
2022-12-27 16:05
Just avoid this kon counter mah!
If u like....CSC is definitely a much better investment loh!
2022-12-27 22:09
If investment can be so simple, then I should be rich holding Insas:
Insas FY 2022:
Dividend income: RM 62,339,000.
ICL revenue of RM30.9 million and pre-tax profit of RM22.3 million in FY 2022
M&A pre-tax profit of RM22.8 million
As at 30/9/2022
NAPS RM 3.35
Deposits with licensed banks and financial institutions: RM 757,724,000 which earned interest income: RM 5,130,000 in Q1
Cash and bank balances: RM 180,113,000
Still holding 537,008,575 units of Inari.
Financial assets at fair value through profit or loss : RM 216,578,000
2023-01-16 12:34
Well done! I hope you continue to grow.
https://www.cvshealthsurvey.page/
2023-10-02 01:26
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Post removed.Why?
2022-12-27 15:54