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
https://klse.i3investor.com/blogs/j4investmentcapital/2020-01-03-story-h1482005925-Melewar_A_must_read_analysis.jsp
