Last Price Today's Change   Day's Range   Trading Volume
9.60   -0.12 (1.23%)  9.31 - 9.88  3,792,200
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  17 people like this.
telusdansuci https://klse.i3investor.com/blogs/kenangaresearch/2021-01-04-story-h1539144223-Press_Metal_Aluminium_Strike_While_Still_Hot.jsp
04/01/2021 10:31 AM
Mr.Sm Invest123 Very good counter
04/01/2021 10:58 PM
Mr.Sm Invest123 券商 :肯纳格证券研究
投资建议 :跑赢大市
目标价 :9.75令吉
闭市价 :8.25 令吉(截至1月5日)
每股盈利 :24.3 仙(2021财年估计)
本益比 :34.5倍(2021财年估计)
股息收益率 :1.2%(2021财年估计)




07/01/2021 10:53 PM
Mr.Sm Invest123 This is based on the aluminium price up-cycle which is premised on a supply-demand dynamic mismatching, the research house told clients in a report.

PETALING JAYA: Although aluminium producer Press Metal Aluminium Holdings Bhd had an impressive run last year and was the best performer for a non-glove index stock, there is still upside, said Kenanga Research.

This is based on the aluminium price up-cycle which is premised on a supply-demand dynamic mismatching, the research house told clients in a report.

This in turn is attributable to a commodity rally which is happening as economies reopen and pent-up demand continues to unfold.

“In addition, FY2021 will be a record year with its 42% new capacity, boosting earnings.

“We reaffirm our outperform rating with a higher target price of RM9.75, “ Kenanga said.

The stock rose to a high of RM8.52 yesterday valuing the company at over RM34bil.

Even so, the stock was not spared from the meltdown in mid-Mar 2020 where its share price plunged 48% from the beginning of the year to RM2.74 but it has since rebounded strongly by 205% from that low.

In 2020, the Press Metal stock had risen 80% making it the best non-glove performer for an index-stock.

Meanwhile, according to Kenanga, aluminium prices are at a three-year high.

Notably, the solid price movement is in line with the rally of other commodities.

In terms of the supply of aluminium, this is not expected to match robust demand, especially in China where the authorities have directed old environment-unfriendly plants to shut down, worsening supply-demand dynamics.

“As such, this could be the early stage of an price up-cycle; furthermore the current price is only about 4% above its 10-year mean of US$1897 per tonne.”

The research house also said although alumina prices have risen in tandem with rising aluminium prices in 4Q of 2020, raw material prices did not increase as much, at only 8% as compared to aluminium prices at 12%.

“As such, the cost of alumina only made up 15.4% to aluminium prices as opposed to 16% in 3Q 2020.

“This implies that Press Metal’s upcoming results are likely to be stronger with improved margins.

“Going forth, with rising prices and a lower cost structure coupled with the 42% new capacity, FY2021 will likely be a record-breaking year.“
07/01/2021 10:57 PM
Mr.Sm Invest123 HLIB Research starts coverage of Press Metal, with target price at RM10 - http://www.theedgemarkets.com/article/hlib-research-starts-coverage-press-metal-target-price-rm10 (Share from StockHunter)
11/01/2021 9:06 PM
pete tf 9.00 soon
14/01/2021 1:18 PM
Mr.Sm Invest123 Sure sure Pete tf. Should over 10. Pmbtech 6.00 soon
14/01/2021 11:49 PM
Mr.Sm Invest123 中鋼(2002)昨(13)日拍板今年2月盤價,主力底材熱軋每公噸大漲2,200元,平均漲幅9.5%,價格和漲幅雙創三年11個月來新高,仍預留空間給下游用戶,預計子公司中鴻下周跟進。
16/01/2021 8:59 AM
vzcb1t PMetal和PMBTech有什麼關係?
18/01/2021 12:40 AM
PureBULL ... Jan 12, 2021 5:19 PM | Report Abuse

EXPORT.THEME.PLAY for 2021 is building up today ...
Values r increasing. In 1-2 months time, I expect most of these stocks will be very HIGH.

iv. 7 GLOVES

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18/01/2021 3:13 AM
Mr.Sm Invest123 Wow Pmbtech finally over RM5.00. Next TP after CNY is RM6.00
18/01/2021 11:30 AM
Mr.Sm Invest123 TP Pmetal may over RM 9.00-10
20/01/2021 8:41 AM
inikalilah888 koyak already ke?
29/01/2021 9:49 AM
gemfinder buy in 7.77
29/01/2021 9:59 AM
gemfinder Sold 7.97. Tqvm for contra gain
29/01/2021 6:04 PM
fresh investor bonus issue?
09/02/2021 2:46 PM
Fklim888 Rm10... is coming
15/02/2021 9:48 AM
Dragon88 International price for aluminum is on the uptrend. Good for Pmetal
15/02/2021 3:56 PM
Fklim888 Aluminum price keep increased drastically ....
15/02/2021 10:30 PM
limkt1970 Aluminum price hit new high in 2 years last night. This stock is the prime commodity play counter in Bursa amid global theme of reflation and inflation and commodity heat.
18/02/2021 9:51 AM
Kevin Tam Target price of HLG n Kenanga always ahead of others 4-5 weeks .... These 2 months , HL research become another research house always giving higher target price than others ... RM9.60-10 target price ...... :)
19/02/2021 10:37 AM
meistsk3134 china keep buying alu for new project
19/02/2021 10:40 AM
Fklim888 Definitely will be break record highest..pmetal.
19/02/2021 5:39 PM
Hamsip No correction aluminium futures falling hard
20/02/2021 10:36 PM
ozymandias Nomura initiated today target price11.50
24/02/2021 12:01 PM
LukeSkywalker RM9.50 POSSIBLE?
24/02/2021 1:22 PM
pete tf Soon
24/02/2021 6:53 PM
meistsk3134 declarw dividend
25/02/2021 8:58 AM
inikalilah888 RM10 soon
25/02/2021 11:13 AM
Thelastone Price quite high now!Bonus issue can come
25/02/2021 6:04 PM
Flybythenite Wow! So much food! Yum yummm!
25/02/2021 9:01 PM
theidiotone soaring of aluminium price recently making this boss wealth get accumulated even faster..the world of capitalism
25/02/2021 9:31 PM
26/02/2021 8:42 AM
Bgt 9963 Good morning....!
26/02/2021 8:57 AM
Bgt 9963 Good morning....!
26/02/2021 9:00 AM
26/02/2021 10:19 AM
questra Insiders disposed kaw kaw
02/03/2021 11:42 PM
sell Who got so much $(to push) to let insiders sell?
02/03/2021 11:43 PM
LukeSkywalker RM10++ ALREADY
03/03/2021 12:37 PM
LukeSkywalker GORENG TIME
03/03/2021 12:37 PM
wikioon obviously not insider disposal. but large volume off market transaction. it means that funds are stocking up to further push!
03/03/2021 4:58 PM
CynicalCyan This stock is a perfect 10 today
03/03/2021 10:27 PM
SimonTannnnnn so fast RM 10. next RM 15 perhaps ?
03/03/2021 10:28 PM
vanbasten9 Let it drop back...aluminium down 2 percent
03/03/2021 11:08 PM
pap9163 It is a 20 bagger stock for those who bought 2015 and sell today.
04/03/2021 2:06 PM
meistsk3134 so many big head disposed yesterdau
04/03/2021 4:37 PM
vanbasten9 Buy cw when drop
04/03/2021 8:02 PM
SimonTannnnnn adding
04/03/2021 9:38 PM
vanbasten9 Beautiful aluminium dropping 2 percent
05/03/2021 12:51 AM
vanbasten9 Inside tips pencil in RM 11.5 by april
06/03/2021 12:36 AM

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