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 

Discussions
Be the first to like this. Showing 5 of 5 comments

lillytorphy5464

Post removed.Why?

2022-12-27 15:54

mojevi

Good job! Wish you more and more development https://colorscreen.io/black-screen

2022-12-27 16:05

stockraider

Just avoid this kon counter mah!

If u like....CSC is definitely a much better investment loh!

2022-12-27 22:09

Sslee

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

karenslynch

Well done! I hope you continue to grow.
https://www.cvshealthsurvey.page/

2023-10-02 01:26

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