Press Metal Berhad is engaged in the manufacturing and marketing of aluminum products. The Company operates in two segments: manufacturing and trading, which includes manufacturing and marketing of aluminum products and garments and accessories, and contracting and fabrication, which includes contracting and fabrication of aluminum and stainless steel products. The Company's other segments include operations related to property development and recycling and waste management. Its products include aluminum ingots, aluminum billets, aluminum frames for solar panels, aluminum windows and doors systems, aluminum heat sink, aluminum thermal break profile, aluminum scaffolding products and aluminum curtain walls, among others. On January 28, 2010, it acquired the remaining 20% interests in Press Metal (HK) Limited (PMHK). On September 28, 2010, the Company disposed 20% interests to Sumitomo Corporation Sdn. Bhd. On October 19, 2010, the Company incorporated Press Metal Bintulu Sdn. Bhd.
HungerType Annual General Meeting Date & Time 15-Jun-2017 10:30 Depositor Date 05-Jun-2017 Venue Topaz Ballroom, Level G, One World Hotel First Avenue, Bandar Utama City Centre 47800 Petaling Jaya Selangor Darul Ehsan
AGM coming...lai liaooo
TF PeterHow is the coming agm influenced the price of pm previously and the coming one?
HungerIm looking forward to the quarterly result next week
gckeJust to share for a news update- https://www.bloomberg.com/gadfly/articles/2017-04-27/excited-about-aluminum-back-to-boring-may-be-a-better-bet
No worry for the present moment.Enjoyed the uptrend in LME AL while it lasts.Such robust prices above US$9,500 will translate to bumper profits for PMetal.
Cheers,happy and smart investing:-)))
telusdansuciTerima kasih @gcke . There are so many positive news surrounding Pmetal and i think no reason for Pmetal couldn't reach Rm 2.98 - Rm 3.00 by today . Pmetal mesti boleh dan tetap boleh . 'Kunci kereta ' sudah hilang enjin kereta nak stop pun susah sekarang .
telusdansuciOnce the 1Q2017 result announced i think the shares price of Pmetal will be skyrocket again plus the announcement after the AGM on 15 Jun 2017 . Percayalah Dato' Paul Koon and Pmetal can make it . Pmetal tetap boleh .Terima kasih banyak-banyak .
Beginner1989too high now.. i should have went in more at 1.8.. damn sad!
HungerStill can enter...past few days i play dnex goreng..dome with dnex i come back.pmetal dont disappoint me.im sure u will go up by now
Awet91Rm4 can achve hehe after break rm3.pmetal menguji kesabaran hehe
Beginner1989Hunger still got what stock to play? Problem is how much it can up? RM7.4 like last time? :D
HungerStock: [PMETAL]: PRESS METAL BHD Apr 6, 2017 10:51 PM | Report Abuse
To answer Confortzone question why company buyback shares
-Take advantage of an undervalued share price -Reduce share dilution and increase ownership -Improve key ratios such as returns on assets, return on equity and earnings per share -No better option to invest surplus cash
Advantage to us investor -lowers the number of shares outstanding which in return should help to increase the share price. As the company physically buys stock, there is automatically more demand. -management shows confidence in its own business while at the same time providing buying support for the stock. Market sentiment towards the stock may improve, which could trigger additional buying.
been waiting for weeks d for the buyback....
ConfortZoneon arm length basis based on the report.... hehehehe
Over at Press Metal Bhd, some 36 million shares or a 0.97% stake changed hands in three direct deals on April 7 at RM2.50 apiece, a 7.1% discount to the RM2.69 they fetched on the open market.
Press Metal executive director and co-founder Koon Poh Weng bought 12 million shares or a 0.32% stake at RM2.50 on April 7, an April 10 filing shows. The purchase pushed his overall interest to 5.07%, just over the substantial shareholding threshold.
His brothers, fellow executive directors Koon Poh Kong and Koon Poh Tat, also bought 12 million shares each at the same price that day via direct transactions, separate filings show.