warrenchok90and everything too expensive due to inflation... never thought this come so fast... just prepare cash and observe better...
27/10/2021 3:53 PM
warrenchok90but guys... believe me tomorrow big crash on this stock... please sell first or cutloss... whoever believing me...
28/10/2021 12:54 AM
warrenchok90que sell early morning.. will definitely below 5.6. unless you able to hold long...
28/10/2021 12:55 AM
meistsk3134yes. aluminium price start drop as usual 1 year high same like 2017
28/10/2021 8:23 AM
MiaoMiao7Party is over, get ready to start a PMetal and Steel Telegram Group and post reasons why there is some USA conspiracy, or Banker press the price down or how aluminium got bright future. Do it like TG and Serba group.
28/10/2021 8:40 AM
Mr.Sm Invest123KUALA LUMPUR (Oct 28): RHB Retail Research said PMB Technology Bhd is poised for a rebound as it bounced off mildly from a recent pullback to hit the RM14.00 threshold yesterday on surging volume.
In a trading stocks note today, the research house said if the stock manages to breach above that level, strong buying interest may drive the stock towards the RM15.00 level before it reaches the RM16.30 all-time high level.
“Conversely, falling below the RM12.20 support level will cancel this expectation,” it said. Advertisement
28/10/2021 8:49 AM
Stockhunter88Next resistance is 5.400..if break really need to run d
28/10/2021 1:16 PM
nisah395Exactly. when HLIB raise buy call, time to sell.
Kevin Tam > Those strong supporters of Press metal n those buying Pmetal at RM5.30-5.80 should blame HLG n their research team........GIven TP of 7.30 even Press metal has climbed up from RM3-3.50 12-15months ago to now, share prices at more than RM5.50 n market cap of RM46-48 billion.....Whatever counters or producers of products, metal products gone up more than 100-150% in 1-1.5 years time, time to be cautious, dont trust those research houses more than 60% should be safer nowadays... 27/10/2021 3:34 PM
28/10/2021 4:56 PM
meistsk3134run for what? this stock got potential. see how many bonus it give
28/10/2021 8:25 PM
warrenchok9030 million of share dispose.. hope can press down the price... gonna buy this on lower price...
US silicon metal price nearly triples in 7 weeks, makes US priciest region
Silicon metal prices in the United States reached a new all-time high on Thursday October 28, making the price for US material - which has almost tripled in seven weeks - now the most expensive in the world. The US price for standard grade silicon (5-5-3) surpassed that in Europe, which had been the most expensive region prior to Fastmarkets’ assessment there on Friday October 29. Fastmarkets assessed the price of silicon grade 5-5-3 98.5% Si min, in-whs Rotterdam at €6,800-8,500 ($7,846.52-9,808.15) per tonne on October 29, down from a peak of €8,500-8,650 per tonne that prevailed from October 8 to October 22.
Meanwhile, Fastmarkets assessed the price of silicon, ddp US at $4.25-5.20 per lb on Thursday, up...
31/10/2021 1:18 AM
LamshunteeWow the forum is full of toxics and negative aura.
31/10/2021 2:14 PM
warrenchok90seem alluminium bottom price is 2700 and look strong.. it's good for long term if for longer time investment
01/11/2021 4:04 PM
LamshunteeRHB has maintained a “BUY” recommendation on Press Metal Bhd at a trading price of RM8.50, 53% upside and 1% yield.
RHB said that Budget 2022’s introduction of a one-off windfall tax is unlikely to have a pertinent impact on Press Metal going into 2022, given the ongoing Pioneer Status tax holiday for its primary smelting hub in Samalaju (960ktpa).
It said that its estimates are therefore maintained, with our back-of-the-envelope calculations indicating an FY22F EPS impact of <2%. All in, we believe that the windfall tax impact may, at most, translate into a 2% impact to PMAH’s FY22F EPS,” it said.
RHB said that as such, it makes no changes to its earnings estimates and SOP-derived TP of MYR8.50 – the latter having accounted for a 6% ESG premium mainly reflecting the group’s environmental and governance credentials.
On the key downside risks include a sharp deterioration in global economic conditions, unfavourable commodity price movements, and setbacks in commissioning its Phase 3 Samalaju smelter and Bintan alumina refinery.
01/11/2021 8:15 PM
HamsipThis company sells it's product by volume to 1 Switzerland. 2 Singapore. 3 China. Can anybody tell me how China economy slowdown will affect this stock
04/11/2021 8:47 AM
HamsipAnd how higher energy n electricity costs can affect it's profits
From January to September of 2021, the output of silicon metal increased by 39% year-on-year, and the annual output is expected to reach a record high of 2.78 million mt.
SHANGHAI, Oct 28 (SMM) – From January to September of 2021, the output of silicon metal increased by 39% year-on-year, and the annual output is expected to reach a record high of 2.78 million mt.
The insufficient power supply will inevitably lead to a decline in the output in Q4. The impact of the dual control of energy consumption is more significant on the supply of silicon. The major silicon metal producing regions including Yunnan, Xinjiang, Sichuan will have to cut the production, where the silicon plants cannot maintain the normal production from September to November. The power shortage also restricts the production. The downstream production in the major silicon consumption areas in east and south China has been mostly resumed after the short-term production restrictions.
The silicon metal production in Yunnan and Sichuan will decline in Q4 due to the upcoming dry season. The large plants in Xinjiang will also lower the operating rates due to the power shortage and the control of energy consumption. China’s output of silicon (Si content ≤ 97%) and secondary silicon totalled 240,000 mt from January to September 2021, which will supplement the shortage in the silicon metal supply. The lower overseas prices encouraged the imports. The total silicon import volume reached 4,000 mt from January to September 2021, up 782% on the year.
The seasonal increment in the silicon metal inventory in end 2021 will be far lower than the 10-year average
The higher domestic demand and declining exports will lead to the lower port inventory of silicon metal. The increment in the silicon metal inventory is lower than the 10-year average level in 2021, and a new inventory cycle has started. The total social inventory in end-2021 is expected to stand at around 70,000 mt, down 13%.
Prices of silicone and polysilicon rise along with silicon prices
Siloxane: The strong demand has boosted the silicone prices to hit a record high, and the mainstream prices are correlated to the silicon raw raw material prices. The domestic supply continues to make up for the overseas supply gap. The DMC prices are expected to stand at 50,000-55,000 yuan/mt.
Polysilicon: The skyrocketing silicon metal prices have pushed up the polysilicon prices. However, the silicon prices may pull back due to the low downstream operating rates in November and December.
The surging silicon prices change the aluminium alloy pricing models
Secondary aluminium alloy: The power curtailment, supply shortage of aluminium scrap, high silicon prices, chip shortage for cars, and other factors affect the operating rates of secondary aluminium alloy plants.
Primary aluminium alloy: The prices of silicon, the major auxiliary material, have surged, and the primary aluminium alloy producers have suffered the losses. The aluminium alloy prices are settled based on the silicon prices.
The production and sales of automobile continue to grow. The production and sales from January to September 2021 increased by 7.5% and 8.7% respectively.
Profits of silicon metal export turn positive, the control on the foreign exchange affects the overseas quotations
The silicon metal exporter suffered significant losses from May to July, and the losses narrowed in August, then turned into profits in October.
China's silicon exports in September 2021 were 72,000 mt, up 6% month on month and 32% year on year. The exports totalled 605,000 mt from January to September, up 40% year on year.
The demand growth rate of silicon metal stand at 21% in 2021. The production of the new capacities of the silicone and polysilicon is worth attention.
There are 800,000 mt of new capacities of silicon monomer have been put into production in 2021, and the exports in 2021 are expected to be near 800,000 mt, up 29% year on year. The capacities of 140,000 mt will be put into production in Q4 2021. The total silicon material output is expected to reach 480,000 mt, up 22% on the year. The total output of cast aluminium alloy in 2021 may grow by 9% on the year. The annual growth rate of the total domestic and overseas demand of silicon metal is expected to be 21% in 2021.
Price forecast
There is basically no new capacity of silicon metal in 2021. The new capacities will be put into production intensively in the rainy season in 2022.
The new capacities of silicone monomer and polysilicon will be put into production mainly in Q4 2021- H1 2022.
The shortage of the silicon metal supply in H1 2022 will depend on the power supply in the dry season in south-west China and the downstream production capacity.
04/11/2021 6:51 PM
Mr.Sm Invest123The downstream production expands rapidly amid the stagnated low supply, and the the shortage will intensify in 2022.
The silicon metal prices will remain in an upward trend under the dual carbon policy, and the pricing logic of resource-based commodities will be changed. The silicon metal prices may rebound in November amid the shrinking supply, the recovering demand of aluminium alloy, and the overseas restocking before the Christmas holiday. However, the prices may decline in December as the silicon plants will reduce their stocks. The silicon prices will stay high until the rainy season in June 2022, and the upward trend of the prices may extend until 2023. The delayed commissioning of the silicone and polysilicon capacities, the shrinking consumption of the silicone after the pandemic, and the new capacities to be put into production may bring risks to the market.
The shortage of production capacity will suppress the silicon output, and the low grade of raw materials may drag down the output of high-grade silicon. The silicon supply is expected to remain tight in the short term. Most of the silicon metal consumption was in the silicone and polysilicon sectors, while the consumption in the aluminium alloy and export sectors declined. The tight supply has weakened the profits of the silicon metal users, and the upstream companies in the silicon industry started to profit.
HamsipSoftness in pmetal price in early November presents good chance to accumulate.... Pmetal will keep creeping down in tandem with falling aluminum lme price......
Mr.Sm Invest123热门股:齐力科技 上挑RM13.18 - https://www.enanyang.my/行家论股/热门股齐力科技-上挑rm1318 (Share from StockHunter)
06/11/2021 7:44 AM
LamshunteeChina's energy crunch spells margin erosion for Press Metal, but Affin Hwang still likes the stock By Farah Adilla - October 20, 2021 @ 10:22am
KUALA LUMPUR: China's energy problem, which is expected to remain until 2022, should translate to some profit margin erosion in Press Metal Aluminium Holdings Bhd's earnings, Affin Hwang Capital said.
In a note today, the firm said raw material supply including alumina, carbon anode, magnesium and silicon metal were expected to be under pressure in the coming quarters as China struggled with its electricity shortages, causing disruptions in production.
It said cement, steel and aluminium production being the most energy-intensive industries were expected to be worst hit from the power crunch.
"Nevertheless, we believe the rise in raw material prices will be partially passed through to customers, mitigating the impact, while the resulting global supply shortage would translate to elevated aluminium prices for a longer period of time.
"Despite the potential squeeze in margin, we continue to like Press Metal for its strong earnings growth outlook and scarcity premium as it is the only aluminium smelter to be listed in Malaysia and the largest aluminium smelter in Southeast Asia," it said.
Affin Hwang said Press Metal's Samalaju Phase 3 plant was operating at 96 per cent capacity and on track for full ramp-up by the end of the year.
Upon full commissioning, Samalaju Phase 3 plant's total capacity will expand to 1.08 million tonnes per year, up 42 per cent from the current 760,000 tonnes per year.
Affin Hwang has adjusted Press Metal's 2021-2023 ernings by 9.5 per cent, -5.9 per cent and -4.3 per cent respectively.
This was after incorporating higher aluminium prices as a result of the global aluminium shortage, higher raw material costs and lower value added products sales volume mix as a result of potential disruption in magnesium and silicon metal supply.
Affin Hwang has maintained its "Buy" call on Press Metal with a lower target price of RM8.20 from RM8.70 previously.
06/11/2021 3:46 PM
vanbasten9Will drop more while brent crude rises... Buy because this is as good as American Alcoa
09/11/2021 6:42 AM
Kevin TamThe shortage of aluminium n aluminium products being exaggerated by local research houses; next year profit before tax decide whether Press metal is overvalued or undervalued at 5.50-6.00 but with top Chinese manufacturers producing about 50% of the aluminium of the world, the aluminium prices at china should be good barometer to think whether shortage of aluminium is reality or just a news being wild spread by western top investment banks then local research houses…
09/11/2021 9:59 AM
LossAversionWill Pmetal suffers a similar fate as gloves? time will tell.
09/11/2021 10:00 AM
HamsipWill Loss Aversion lose every sen in the stocks that he had invested. Time will tell.
09/11/2021 11:08 AM
HamsipEarning coming end of November.... Another record???
James Nghttps://klse.i3investor.com/blogs/general/2021-11-27-story-h1594678342.jsp [转贴] [Video:浅谈PRESS METAL ALUMINIUM HOLDINGS BHD, PMETAL, 8869] - James的股票投资James Share Investing
27/11/2021 7:12 PM
Stayhomemumwhats happened with the big drop? Aluminum price still above 2600; Q3 result is good and expecting Q4 will be good too. Thus, P/E ratio will be coming down too rite?
29/11/2021 11:39 AM
Stockhunter88Luckily I run habis habisan last Friday.. Omicron megatron all Mari liao
Mr.Sm Invest123Energy Transition | Metals 29 Nov 2021 | 08:39 UTC
China's 2021 silicon exports seen up 23% on year, Q1 2022 demand to rise: agency
China's silicon metal exports in 2021 are expected to rise 23% on the year, while domestic demand is also set to increase in the first quarter of 2022, state-run metal consultancy Antaike said Nov. 29.
High silicon prices in domestic markets led to expensive shipment contracts, resulting in China's silicon exports in October dropping 29% on the month, to 51,100 mt, Antaike's data showed.
Despite a sharp dip in October, China's January-October exports still registered a 34% surge on the year, reaching 656,000 mt.
Silicon demand in China is likely to rise next year amid expectations of commissioning new polysilicon output capacity in Q1 2022, Antaike said.
The run rate of domestic polysilicon sector has remained high in November, with December output seen edging up. The polysilicon sector is a key silicon consumer.
In the organic silicon sector, another key silicon consumer, market players are mainly consuming silicon stocks, as they remain in a wait-and-watch mode amid a low run rate in the organic silicon sector, the agency said.
In the aluminum alloy sector, also a key silicon consumer, declining aluminum ingot prices that have now reached below Yuan 20,000/mt ($3,134/mt), have propped up aluminum alloy industry run rates, Antaike said.
Steady demand from the polysilicon and aluminum alloy sectors is expected to support silicon prices in the near term, sources said.
Tianjin port Chinese cash delivery oxygen 553 silicon prices were at Yuan 26,000-28,000/mt ($4,072-4,386/mt) in the week ended Nov. 26, stable from the third week, Antaike data showed.
The decline in domestic silicon prices is likely to halt ahead of the upcoming traditionally dry season in December, according to Antaike.
Silicon production in China relies on hydro power, which sees more production during the rainy season.
In the week through Nov. 5, prices were higher at Yuan 41,000-51,000/mt, the data showed.
The agency attributed the recent fall in prices to some cash-strapped smelters trimming prices to boost sales for funds.
Meanwhile, due to anticipated tight silicon supply in China ahead of the dry season, and the upcoming new output capacity release in the domestic organic and polysilicon sectors, Antaike said it sees market fundamentals to improve soon.
In Xinjiang region, China's biggest silicon hub, power supply is tight currently, which has capped smelters' run rate, according to commodity information services company Zhejiang Netsun.
Lack of rains in other silicon hubs such as Yunnan and Sichuan in winter could also cap run rates there, weighing on output outlook, Zhejiang Netsun said.
