3iii, what r you trying to say?

Wonderful report. Tq David. Petronm today fly high, high.

Ya.....pls go drop 30%....pls, pls.

Haha......predicting the price will go up tmr!!!!!. I hope it can drop for a while for me to pick some more.

How do you know big fund selling?

Neck aso grow so long.....nothing is happening. Pmetal has moved so much forward. Metal price has gone up n is now 2100.

Boleh sampai 3.60 tmr? Pmetal tetap boleh

Tq.....I m anxious to sell but PMetal has so much potential lagi.

Is ady down abt 4%. Better sell half for profit and pick up again at low.

Oh ya.....metal price is abv 2100.

specter well said. I c u at 2.00

joeylee2013 - yours insider news? Dun made me sell n regret later loh. Haha...

Probably is a known insider fact that FLBHD cud not sustain its profit as the previous Taiwanese director resigned and sold chuck of his shares a year ago. Time to leave this counter and focus on others that can generate us more near term income.

You hv your turn. Let it down for others to untong a bit loh.

Important thing is the metal price trending north.

Hidden power about to release

2nd TP 3.86. #rd TP 4.05

360 why gap up?

RHB can change story very fast.....Nvr mind lah ah along you extension.

Pmetal smoothly moving north. Tq all who believe in Pmetal tetap boleh.

Haha......not capital....it's Unicorn's profit. So good.

MATB, tq full good clear explanation.

When Maybank hv buy call? Pls show link on report.

Al metal price 2074.

Patience n b rewarded. 3.50 by tmr. 1 step at a time.

Congrats Unicorn for good RM106K profit run. What price you started accumulating?

I naik by bid to 9.30. Hope got sai chai selling later. In fact for full year there is an increase of at least 10% on net profit, >80 sen per share.

Haha.....Pmetal boleh.

OK.....c you at 10 today.

It still hv a long way to meet its TP. Patience n b rewarded.

Haha.....if lower den 9.00. Eagerly waiting.

Poor Tan Eng.....pls dun recommend if you r no good. Do yourself a favor and do others as well. Many ppl still stuck with your GSB for many years.

So.....price hardly moves.

Let go bottom fishing

As expected when it was announced HLI group will make a full impairment provision of RM171.5mil in 2 Aug.

If 3.00 - 4.00 I will pick up as many as I can.

Think will sky rocket if QR is positive. Exciting time!!!!

I dun know how. Copy report summary below.

17 AUGUST 2017 11:01AM
Press Metal - Pressing Earnings Higher
RECOMMENDED: BUY
TARGET PRICE: MYR 3.88
PRICE: MYR 3.29
As we expect profitability to improve in the coming quarters, we deem the results to be in line with our and consensus projections. We continue to like the company and maintain our BUY recommendation. However our DCF-derived TP is revised up to MYR3.88 (from MYR3.66, 18% upside) after factoring in still-conservative 0% terminal growth (from -2%). As Press Metal is the largest client for Sarawak Energy, we think it remains in a strong position to renegotiate a favourable tariff after the expiry of the current 20-year PPA.





1H17 earnings within expectations. Press Metal’s 1H17 core net profit of MYR298.2m was within our and market expectations. Revenue was up 42.6% YoY mainly attributable to additional production output generated at its Samalaju phase 2 smelting plant (additional 320,000MT of ingots) and higher metal price of USD1,878.8/MT (vs USD1,543/MT in 1HFY16).



PBT growth of 21.5% YoY was lower compared to revenue growth, mainly due to additional insurance claim in 1H16 of MYR76m. Excluding the insurance claim, core net profit grew 81.1% YoY on the back of higher revenue.



Another record year in 2017. We see room for earnings upside although all pots are operating at full capacity. Key drivers include:



Potential cost savings derived from the new smelter commissioned last year, as it shares common infrastructure, with room to lower power usage;

Commissioning of Samalaju Port (capable of handling Panamax vessels) scheduled for July, would help to cut inland logistics and shipping costs;

Increased value-added production may help to enhance profitability;

Upward bias for the all-in aluminium price, which we believe has bottomed out, with the spot contract at the London Metal Exchange hovering at above USD2,000/MT mark (we have assumed USD1,700/MT for 2018F);

Prolonged weakness in the MYR benefits the company, as a third of its production cost is denominated in MYR while revenues are in USD terms.



Forecast and risks. As we expect its profitability to improve in the coming quarters, we deem the results to be in line (1H17 was 48% of 2017 estimates) with our and consensus projections. We make no changes to our estimates. Key risks include lower aluminium prices that could hurt profitability and investor sentiment towards the counter, while unexpected power supply interruptions at its smelting plant may damage machinery and disrupt operations.

Reiterate BUY, higher TP. We continue to like the company and maintain our BUY recommendation. However our DCF-derived TP is revised up to MYR3.88 after factoring in 0% terminal growth (from -2%). Since Press Metal is the largest client for Sarawak Energy, we think it remains in a strong position to renegotiate a favourable tariff after the expiry of the current 20-year power purchase agreement (PPA).

RHB TP 3.88
Kenang TP 4.05

I will keep my Pmetal for more profit.

Al price 2109 ady. As said nid to deep dive to read the QR. Buy for future and not last q result. Pmetal depat boleh haha

I hope you really hv true facts for saying such. If that the case will be appreciated. If not you will be... you want what!

-------------------------------------------------------
Posted by Teh Kieat Keoi > Aug 16, 2017 09:28 AM | Report Abuse

My advice dun put too high expectation on this coming q report result.

True but the general trend is moving north. King Kong in making.

Most ppl dun look into details.It will be red tmr.

Tq netx. What is tp?

Sold half at 2.70. Is very high valuation ady.

Tq guys......wow can sleep well.

telusdansuci - Tq. I wait with great hope. Pmetal tetap boleh




Posted by telusdansuci > Aug 15, 2017 10:42 AM | Report Abuse

Percaya atau tidak hari ini boleh melepasi Rm 3.39 atau lebih tinggi ? Saya percaya kerana ada pelbagai sebab . Apa sebab ? Sebab Pmetal boleh dan tetap boleh . Tunggu berita baik yang akan diumumkan oleh pemimpin-pemimpin syarikat Pmetal . Terima kasih

RM5 is it a little far fetched?

Mr Ooi, seems like many ppl quoting your name to influence others to drive their agenda. Poor you that you have to cover many mails to ensure there are no lies.

Pmetal will roar once QR is out.

Why selling at this price? Expecting to move higher.

I believe FutureEyes going to public another negative article this evening. Will be interesting to see what is coming.