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
