Is aluminium price increase good for LB Aluminium??
Current year prospects (continued) Prospect for the Group The Group’s operation has not been impacted by the recent reintroduction of the MCO/CMCO as the Group operates under strict standard operating procedures as required by the authorities to prevent the spread of Covid-19. The incoming sales orders are at a satisfactory level and the trend is expected to sustain for the next quarter following the recovery of the global economy.
The recent spike in global aluminium prices is expected to reduce our margins as it will increase our production cost. As an effort to safeguard our margins, we will increase our selling prices whenever necessary and at the same time improve efficiency and reduce operational costs. As an effort to reduce the operational costs, the Group has commissioned its second solar photovoltaic rooftop project at our main factory in January 2021. The new solar photovoltaic rooftop project of 1.2 MWp is expected to generate an electricity saving of approximately RM50,000 per month to the Group.
For the property segment, the Group’s investment in an associate, Vistarena Development Sdn Bhd, is expected to continue the positive contribution in the coming quarters. The residential development is 99.9% sold and the current construction progress is approximately 68.9%.
Barring unforeseen circumstances, the Board is optimistic that the Group will be profitable for the forthcoming quarter.
when uncle buy call, u do nothing, when uncle sell call, u buy in more. This is the rule of winning, I have personally tested, it works so nicely for me. Thank you very much Uncle.
Okay this is the first "buy" call so be alert and get ready to SELL before KYY offload silently. After all he always say is not obliged for your profit or losses. Follow blindly then die standing
Is public knowledge this stock is underrated. Geezer buys first today with his Machai and then write this piece. Geezer is hoping traders will rush in tomorrow to make him richer, what a greedy pig.
when KYY say underrated, it simply means its overated and time to SELL n RUN. Look at the price volume action on the chart, insiders oledi collecting since last week average cost <RM0.85. At today closing price RM1.02, insiders oledi hv margin of safety >20% and they can dump at all the ikan bilis retail clients. Good Luck!!!
I think kyy better not engage in more postings of his opinion because many are not happy with his views. Many do not trust him anymore and i think he is using pyschology on others. Why not retire and concentrate on doing charity work and seek peace. At his age, it is better to lead a simple life.
As and when time permits all of you folks to study and analyse the price action volume of all of KYY so called underrated stocks such as dominant, eupe, kps and mnrb and now lb aluminium you will notice that 1 week before the article is publish in i3investor.com, there is always a "flush up" in the share price and this means oledi insiders taken position and waiting to dump once the article appears.
Truly agree with you. Knowing KYY approaches pls be careful. No point to condemn him as he is a good writer, salesman stating figures/data and able to convince you to flw him without yourselves doing your own homework. I did trapped by him once. That was good enuf wake up call for me. Yes, KYY pls stop writing in I3
I think kyy better not engage in more postings of his opinion because many are not happy with his views. Many do not trust him anymore and i think he is using pyschology on others. Why not retire and concentrate on doing charity work and seek peace. At his age, it is better to lead a simple life.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Andre Kua
421 posts
Posted by Andre Kua > 2021-04-07 13:00 | Report Abuse
Looks like Uncle going from all-in glove to all-in steel.
True, steel pricing has been inching up and up non stop for the past quarter but demand is soft.