Wow ! That is another awesome of X 2 Pure Profit . If, Melewar profit not off setting their Associated Investment ; it should traded at least $1.44 during June 2016 (x 8 p.e. applied) .
One thing to highlight is the nature of CRC producers. The key is to maintain the spread between CRC & HRC, if HRC price increased, it will push up end products, that's CRC.
The gap between CRC & HRC has been widened up last few months & has now been stable last few days.
Explanation from probability earlier was just fantastic.
MELEWAR & MYCRON as Midstream Steel player enjoying better margin from sales and very less capex over Upstream Steel mill . Thus, lower depreciation. Sometimes, the Second brother earn a better life.
Very good sharing by WealthWizard, worth to take a look.
---------------------------------------- Posted by WealthWizard > Nov 7, 2016 10:58 PM | Report Abuse The spread is maintained at RMB1000 & price is definitely on uptrend now. It will only do good for all CRC producers in Malaysia.
Cheap sale at 0.565 did anyone from this forum manage to grab? You are such a lucky person. But if it's the syndicate trying to push down due to Trump factor, then it's a loss that noone was daring enough to grab that. With NTA at RM1.37, at price at 0.57 at the time of writing, coupled with promising future for Msian CRC and HRC industry, is there a better share to buy? I do have some holding of Melewar with me. Just sharing. No encouragement to buy or sell.
Good take, Melewar has been cruising with mildly capping recently. But, once their Investment division disposal for the loss making unit , Melewar will be the cacth up play on the spot.
It's time to accumulate before it's too late. Trump will be good for U.S. economy and China Xi's reelection next year will be reflationary to the economy. Industrial metals are surging and resources stocks are laughing their way to the bank. HK resources stocks are surging 10-15% already.
the Group recorded total revenue of RM607 million, which was 9.2% lower than the preceding financial year’s revenue of RM668 million.
In terms of Profit After Tax, the Group achieved RM14.9 million profit, compared to a loss of RM34.2 million in the previous year.
It should be noted that the bulk of the loss of the previous year was due to the Group’s associate company, Siam Power Generation Public Company Ltd (“Siam Power”), of RM21.2 million.
The Group’s interest in Siam Power had subsequently been disposed after the close of the current financial year.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
upsidedown119
4,326 posts
Posted by upsidedown119 > 2016-11-03 17:00 | Report Abuse
It's sell down by funds for fear of a Trump victory on 8 Nov.