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 MELEWAR (3778): MELEWAR INDUSTRIAL GROUP BHD THE BEST STEEL COMPANY - HOOT 99 E!!

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


https://klse.i3investor.com/blogs/BursaInsights/2020-12-11-story-h1537532375-MELEWAR_THE_BEST_STEEL_COMPANY_HOOT_99_E.jsp



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