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Prospectus: -   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 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） 随着平均价格的增长、较低的成本结构以及新增的42%产能，齐力工业（PMETAL，8869，主要板工业）2021财年收益将写下新纪录。此外，基于该股去年表现抢眼及铝价前景光明，该行认为该股仍有上涨空间。 尽管氧化铝价格在2020年财年末季随着铝价上扬，但原材料价格的涨幅并不大；氧化铝成本仅占铝价格的15.4%，这意味着，随着利润的提高，齐力工业末季表现可能会走强，2021财年可能取得创纪录的收益。 由于经济体重新开放提振需求，带动乐观情绪，铝价在上周四达到3年来新高。同时，在供需不匹配的前提下，铝价仍有上行空间。 此外，齐力工业去年一整年上涨了80%，是马股中表现最好的非手套股票，甚至在去年末季飙涨至8.53令吉历史最高点，这很大程度上是因为经济重新开放，受抑制的需求推动大宗商品上涨。 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 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 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. i. D&O, UNISEM, MPI, GREATEC, UWC, INARI, JFTECH ii. PIE, FPI, VS, SKPRES, ATAIMS iii. PMETAL, PMBTECH iv. 7 GLOVES v. MUDA, SCIENTX Join this happening Te le gram group. You can learn the knowhow of many sifu with time proven strategies n tactics for today's mkt. Search at: greatstockinvestors 18/01/2021 3:13 AM 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 theidiotone soaring of aluminium price recently making this boss wealth get accumulated even faster..the world of capitalism 25/02/2021 9:31 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  |
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