Highlights
KLSE: PMETAL (8869)       PRESS METAL ALUMINIUM HOLDINGS BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
4.08   0.00 (0.00%)  0.00 - 0.00  0
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Overview

Market Cap: 16,164 Million
NOSH: 3,962 Million
Avg Volume (4 weeks):3,222,258
4 Weeks Range:4.01 - 4.44
4 Weeks Price Volatility (%):
91.89%
52 Weeks Range:3.80 - 5.80
52 Weeks Price Volatility (%):
70.34%
Average Price Target: 4.66
Price Target Upside/Downside: +0.58

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#3]  |  22-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  27-Feb-2019
T4Q P/E | EY: 25.91  |  3.86%
T4Q DY | Payout %: 1.55%  |  40.17%
T4Q NAPS | P/NAPS: 0.7386  |  5.52
T4Q NP Margin | ROE: 8.68%  |  21.32%

Headlines

Date Subject
30-Jan-2019 Press Metal Aluminium - Aluminium Volatility Creates Uncertainty
29-Jan-2019 Mplus Market Pulse - 29 Jan 2019
24-Jan-2019 [转贴] [PRESS METAL ALUMINIUM HOLDINGS BHD:与中国的Sunstone开发有限公司合资生产预焙碳阳极,刚刚开始运营,他们预计第一批货将在2019年第一季度首次交付] - James的股票投资James Share Investing
14-Jan-2019 Press Metal - Well-run Through Thick and Thin
14-Jan-2019 Press Metal - Soft patch ahead
24-Nov-2018 齐力 业绩逊色砍目标价
23-Nov-2018 Press Metal - Impacted by Higher Costs and Tax
23-Nov-2018 Mplus Market Pulse - 23 Nov 2018
23-Nov-2018 PublicInvest Research Headlines - 23 Nov 2018
23-Nov-2018 Press Metal Aluminium - 3Q18 Below Expectations
19-Oct-2018 Technical Analysis - Press Metal Aluminium
19-Oct-2018 齐力 购JAA受看好
19-Oct-2018 热门股:齐力上挑RM5.02
18-Oct-2018 PublicInvest Research Headlines - 18 Oct 2018
18-Oct-2018 Mplus Market Pulse - 18 Oct 2018
18-Oct-2018 Press Metal Aluminium - Moving Up the Value Chain
05-Oct-2018 Technical Analysis - Press Metal Aluminium
05-Oct-2018 Daily Technical Highlights – (KGB, PMETAL)
05-Oct-2018 Building Materials - Challenging Prospects
04-Oct-2018 Stocks on Radar - Press Metal Aluminium Holdings

Business Background

Press Metal Aluminium Holdings Bhd manufactures and sells extruded aluminum and other aluminum products to customers worldwide. The company operates in two segments based on function. The smelting and extrusion segment, which generates the vast majority of revenue, purchases aluminum scrap and produces extruded aluminum and aluminum alloys to industrial customers. The trading segment markets aluminum products. Press Metal has two customers that each account for over 10% of the firm’s revenue. The majority of Press Metal’s revenue comes from Asia and Europe.
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  17 people like this.
 
jeannie why everyone so quiet in this trade..
19/12/2018 14:31
impreza2388 no eye see & go holiday
19/12/2018 15:26
zekuan Share ini memang kelakar....
Hampir hampir RM5.00, sure jatuh .....
What la~~
21/12/2018 15:29
Oreo Oreo Zekuan,it's like that one ... no choice... bad sentiment
28/12/2018 08:39
Kawkaw Can break 5....not sure...
29/12/2018 09:01
meistsk3134 bad economic . 2019 not sure crisis . yet holiday nobody trading
29/12/2018 18:22
jeannie like sleeping yo.
31/12/2018 07:32
zekuan Dah tidor lama.....mengantuk today also...
31/12/2018 09:59
zekuan ;p
31/12/2018 09:59
zekuan Ei~~~~~
02/01/2019 22:08
ling
use common sense, if pmetal price up due to aluminium price up, then if aluminium price drop for sure pmetal will drop too . up with same reason, drop with same reason.
https://www.facebook.com/100014312589603/videos/505571913263224/
02/01/2019 22:08
VenFx Pmetal $4.64

是否 暗渡陈仓
还是 柳暗花明又一村 ? :)
08/01/2019 21:53
Bomchacha Post removed. Why?
08/01/2019 22:14
Kimmy Yes, the revenue won't be the same as 2018. 2 years ago, the share price is around 2-3 only at current aluminum price range.
11/01/2019 07:00
moneykj I share my 2019 stock pick:

$$$$$$$$$$$$$$$$$$$$$$
Mr. Tan, my picks as below:

Johotin-20%
Dksh-15%
Lbalum-15%
Eatech-10%
Evergreen-10%
Notion-10%
Orion-10%
Ewein-10%

Tq
$$$$$$$$$$$$$$$$$$$$$$$

Johotin, Eatech, Orion are ang pow counters.

Orion and Orion w is my multibaggers.
11/01/2019 21:46
Jingweihan No pmetal mei?
11/01/2019 22:43
moneykj Lme below 1900. How much Pmetal can earn?
Go n hantam Orion n son. Read this and calculate Orion price base on its projected earning and sector pe:
http://www.klsescreener.com/v2/news/view/479028
12/01/2019 02:22
moneykj Another article about Orion:

https://www.freemalaysiatoday.com/category/nation/2019/01/12/minister-urges-angkasa-to-expand-to-achieve-growth-plan-for-co-ops/
13/01/2019 14:52
moneykj Why I look here look there Orion very similar to 1 stock king I in 2014:

1. No of share: both also about 600m
2. Start to goreng from 0.105
3. Both start after announcement of government link project. Both fintech. "I" doing GST collection software for government.
4. Cumulative 4 q earning after start goreng was 30m for "I". Cimb estimated Orion can come to highest 29m for 2019.
5. Both also start from weak results. "I" only 421k. Orion 1m.
6. Both also got pp.

One famous anei behind the rise of "I". I believe he also behind Orion.

"I" rose more than 1500%. How will Orion?
13/01/2019 15:17
Championmbsbnsimecw Cw got potential
16/01/2019 21:05
wikioon lme rallying back again
23/01/2019 08:50
scanner Why Pmetal suddenly drop?
23/01/2019 11:28
Jingweihan Give u chance to buy loh
23/01/2019 11:49
Buah Guava Ohhh noooo... I thought eating guava can prevent diarrhea.... What should I do now?
23/01/2019 14:01
commonsense Hi scanner,

We will never know as to why people start selling a specific share but for Press Metal it would most probably be because of 2 reasons: the fall of aluminium price and the rich valuation of its shares even after falling almost 30% from its peak a year ago.

Aluminium price has been falling constantly from the peak of USD2500 recorded back in April 2018 to USD1800 the lowest recorded back in early Jan this year (a fall of almost 30%). The price has since rebounded a bit at now USD1880. The fall in price was attributed to the dampening of aluminium demand due to the slowing down of the global automotive industry in particular the China market (which is the biggest consumer of the commodity). Given a higher expected supply of the metal in the near future (coming from China growth in aluminium production) and if demand of the commodity does not rebound, you can only expect the price of aluminium to fall even further (or at best remain at the current level).

This would most probably affect the profit outlook of aluminium smelter companies like Press Metal. However, please take not that Pmetal has one of the more favourable cost structures given the bulk of its energy cost (from Bakun Dam) has been locked in at a very competitive rates over the long term. That being said, Pmetal needs to ensure a minimum amount of production rate of its smelting plants for it to profit from the bulk purchase of the low-cost energy. If production rate runs below a certain economical level, it would result in a very high unit cost for the company (since Pmetal will still need to pay the bulk of the energy whether it use it or not).

In terms of valuation, the company is currently trading at 26.5x PE which is high given the growth earnings uncertainties. Most of the other global aluminium smelters are actually trading at a PE valuation that is actually closer to 10x given the outlook uncertainties. If the aluminium price stays at this level, we should expect that Pmetal to post a lower profit level in FY19 vs FY18.

If you are looking to diversify your portfolio outside of Pmetal (due to its earnings uncertainties and the relatively high valuation) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company profit by around RM10mil to RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analyst is around RM3.50.

Good luck.
23/01/2019 21:13
James Ng https://klse.i3investor.com/blogs/general/191328.jsp
[转贴] [PRESS METAL ALUMINIUM HOLDINGS BHD:与中国的Sunstone开发有限公司合资生产预焙碳阳极,刚刚开始运营,他们预计第一批货将在2019年第一季度首次交付] - James的股票投资James Share Investing
24/01/2019 11:47
scanner Thank you very much. At least I have an alternative stock to leverage or invest
24/01/2019 12:43
James Ng https://klse.i3investor.com/blogs/general/191423.jsp
[转贴] [Facebook live:浅谈Press Metal aluminium holdings bhd (PMetal)] - James的股票投资James Share Investing
25/01/2019 09:52
Jingweihan Bot today. Hold n see ya
25/01/2019 17:42
其辉 Hmm, can anyone teach me that
Why c 22 issue price is 5.1
C 20 issue price is 5.0
But why 20 cheaper than 22
25/01/2019 20:10
rooney8 The price is based on "supply and demand". It is about the market force and how the IB support the price. For us, we will pick the cheapest one.
26/01/2019 00:13
其辉 How to calculate the price of the warrant is how much?
26/01/2019 01:17
jeannie Habis la..keep dropping day by day...CNY no angpow.
28/01/2019 10:16
salman Market not right, cash flow seems tight, best you stay asset light. Profits here, savings there, for sure bankers will be there. When confidence grow, money will flow, does not matter where the wind blow. Cash is king when you can buy bling bling without having to think. When the going gets tough, the tough gets tougher. Tighten your belt, stay your course and you will be alright of course. When market down, stay lower to the ground. Stable stance, knees bent, you will last longer till the end.
28/01/2019 17:05
Shinnzaii wew...no volume...bottom already?
30/01/2019 09:15
其辉 Buy c 20 at 0.035 and sold it at 0.035also....
Scare it drop agn since aluminum price keep drop
31/01/2019 20:15
huatong Bottom ?????
12/02/2019 11:13
tuapuikia the bottommost is yet to come
12/02/2019 11:32
huatong US warships sailing to SCS. Irks China. Increase tension.
12/02/2019 17:31
huatong 15 ct drop ?
12/02/2019 17:33
csm0000 https://www.klsescreener.com/v2/news/view/489238
12/02/2019 21:29
WavesRider on board 4.07.
13/02/2019 10:47
salman bought yesterday at 4.01
13/02/2019 17:43
Kimmy Wait you at 3.00
13/02/2019 18:14
Jingweihan After split
13/02/2019 18:19
huatong Split? ?????
13/02/2019 19:11
salman no announcement about split?
14/02/2019 16:56
ABSBOSS Good who bought last Friday..DJ up 4++, Future also at 4+++, next week QR maybe will be out...
16/02/2019 23:31
Kimmy This counter won't have surprise at this price.
19/02/2019 09:30
hero666 After enter index component pmetal has been under the rain so badly, better kicked out of the index lmao being in the component only drag down our index
19/02/2019 15:06


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