Posted by No right Nor wrong Only to Win > 2019-09-01 14:32 | Report Abuse

Oh no, melewar the qtr improved
Bcoz driven by the write back.

Pls look at their core operations biz.
Still lumpy
Plus their management real suck

Posted by FamousAmos > 2019-09-01 16:12 | Report Abuse

No right Nor wrong only to act pro

Posted by No right Nor wrong Only to Win > 2019-09-01 16:16 | Report Abuse

Better than a nut you

Posted by speakup > 2019-09-01 16:20 | Report Abuse

OMG! this is a HIDDEN GEM!

Posted by i3Value > 2019-09-01 16:29 | Report Abuse

Investhor, you want to unload your melewar shares to unsuspecting readers?

You put effort to include FA and TA but you choose to leave out most important info that profit include RM50.1 million compensation from past engineering project. Without that melewar is still loss making.

You have hidden selfish agenda in writing this article.

Posted by Investhor > 2019-09-01 20:08 | Report Abuse

I am driving now i will reply soon

Posted by Investhor > 2019-09-01 22:14 | Report Abuse

@i3Value - let me ask you this, is it better to not recover a loss or to recover a loss that was recorded in the past as impairment loss?

Since you pointed out this matter, then I believe you should be smart enough to know that the sum recovered from previously declared impairment loss of RM 50.1 million is a hefty sum compared to its current market capital..this recovery is a really healthy change for its bank roll..

Therefore if we look to the future, this sum could be used by the company for expansion / working capital purposes which could further improve the financials in future..

Posted by Investhor > 2019-09-01 22:16 | Report Abuse

@no right nor wrong only to win - better if you share some facts with the readers on your claim..don’t simply talk down others’ businesses without backup..u simply said their core business is lump and management suck without any data to back up?

Posted by No right Nor wrong Only to Win > 2019-09-01 22:45 | Report Abuse

Bidding engineering project with ridiculously low price,expose melewar in vital risk... doesnt that not convincing enough ?

Else , what do you think melewar called for a r.i. in 2018 ?

pls dig for... what has melewar did over the past 2-3 years.

Posted by No right Nor wrong Only to Win > 2019-09-01 22:48 | Report Abuse

Any rebound expected from the knee jerk reaction from the write back
shud deem a good chance to escape .
0.145 -0.180 could be the exit range.

Posted by No right Nor wrong Only to Win > 2019-09-01 22:55 | Report Abuse

I hv no intention to hurt any fans of melewar , if there is one.
Sorry, if my comments make whoever feel bad.

I shall rest my case.

Posted by Investhor > 2019-09-02 19:14 | Report Abuse

Past is past, hence why the price had went on downtrend. However, this recovery of impairment loss is a step in the right direction for the company to move forward.

Markets move based on future prospect, not past events.

Posted by No right Nor wrong Only to Win > 2019-09-02 23:28 | Report Abuse

Good luck then.

Posted by No right Nor wrong Only to Win > 2019-09-02 23:35 | Report Abuse

Sometimes there are stuff we shudnt forget.
As long as they are still hold under the same management.

Pls disregard my points if u r planning to punt for short term.
In a longer term investments, the corporate figure characteristic who is in charge shud be dissected.

TRUST & INTEGRITY shud be utmost importance.