Highlights
KLSE: PMETAL (8869)       PRESS METAL ALUMINIUM HOLDINGS BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
4.72   +0.05 (1.07%)  4.60 - 4.72  959,100
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Technical Indicators

Date: Mar 22, 2019 Price: 4.72

Simple Moving Average
10 20 30 40 50 60 90 120 200 250
SMA 4.574 4.43 4.332 4.31 4.352 4.411 4.551 4.623 4.594 4.628
Variance 0.146 0.29 0.388 0.41 0.368 0.309 0.169 0.097 0.126 0.092
Variance(%) 3% 7% 9% 10% 8% 7% 4% 2% 3% 2%
**Variance - Comparison between stock price and moving average.
Exponential Moving Average
10 20 30 40 50 60 90 120 200 250
EMA 4.591 4.487 4.445 4.437 4.445 4.457 4.501 4.53 4.595 4.623
Variance 0.129 0.233 0.275 0.283 0.275 0.263 0.219 0.19 0.125 0.097
Variance(%) 3% 5% 6% 6% 6% 6% 5% 4% 3% 2%
**Variance - Comparison between stock price and moving average.
Relative Strength Index
9 14 25
RSI 95.556 78.947 71.831
**>70 is overbought while <30 is oversold.
William %R
9 14 25
%R 0.00% 0.00% 0.00%
**>-20 is overbought while <-80 is oversold.
Money Flow Index
9 14 25
MFI 85.442 78.313 72.021
**>80 is overbought while <20 is oversold.
Rate of Change
21 63 125 250
ROC 10.28% -0.632% -0.211% -5.60%
**>8% is overbought while <-8% is oversold.
Percentage Price Oscillator
5,35,5 12,26,9
PPO 5.16 2.378
Signal 4.536 1.517
Variance 0.624 0.861
Variance(%) 14% 57%
**Variance - Comparison between PPO and signal line.
Moving Average Convergence-Divergence
5,35,5 12,26,9
MACD 0.229 0.106
Signal 0.20 0.067
Variance 0.029 0.039
Variance(%) 14% 58%
**Variance - Comparison between MACD and signal line.
Stochastic Oscillator (Fast)
14,3 18,9
%K 100.00 100.00
%D 96.531 95.984
**%D >80 is overbought while %D <20 is oversold.
Stochastic Oscillator (Slow)
14,3 18,9
%K 96.531 95.984
%D 96.486 86.135
**%D >80 is overbought while %D <20 is oversold.
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  17 people like this.
 
wikioon lme rallying back again
23/01/2019 8:50 AM
scanner Why Pmetal suddenly drop?
23/01/2019 11:28 AM
Jingweihan Give u chance to buy loh
23/01/2019 11:49 AM
Buah Guava Ohhh noooo... I thought eating guava can prevent diarrhea.... What should I do now?
23/01/2019 2:01 PM
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 9:13 PM
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 AM
scanner Thank you very much. At least I have an alternative stock to leverage or invest
24/01/2019 12:43 PM
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 9:52 AM
Jingweihan Bot today. Hold n see ya
25/01/2019 5:42 PM
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 8:10 PM
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 12:13 AM
其辉 How to calculate the price of the warrant is how much?
26/01/2019 1:17 AM
jeannie Habis la..keep dropping day by day...CNY no angpow.
28/01/2019 10:16 AM
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 5:05 PM
Shinnzaii wew...no volume...bottom already?
30/01/2019 9:15 AM
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 8:15 PM
huatong Bottom ?????
12/02/2019 11:13 AM
tuapuikia the bottommost is yet to come
12/02/2019 11:32 AM
huatong US warships sailing to SCS. Irks China. Increase tension.
12/02/2019 5:31 PM
huatong 15 ct drop ?
12/02/2019 5:33 PM
csm0000 https://www.klsescreener.com/v2/news/view/489238
12/02/2019 9:29 PM
WavesRider on board 4.07.
13/02/2019 10:47 AM
salman bought yesterday at 4.01
13/02/2019 5:43 PM
Kimmy Wait you at 3.00
13/02/2019 6:14 PM
Jingweihan After split
13/02/2019 6:19 PM
huatong Split? ?????
13/02/2019 7:11 PM
salman no announcement about split?
14/02/2019 4:56 PM
ABSBOSS Good who bought last Friday..DJ up 4++, Future also at 4+++, next week QR maybe will be out...
16/02/2019 11:31 PM
Kimmy This counter won't have surprise at this price.
19/02/2019 9:30 AM
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 3:06 PM
ABSBOSS Ada bomoh bole predict this coming qtr result?
21/02/2019 3:12 PM
PKok6655 My group ready
21/02/2019 5:12 PM
Jingweihan Still waiting?
21/02/2019 7:03 PM
huatong Bottom ??????
26/02/2019 1:27 PM
liverpool82 QR Bad News ???
26/02/2019 3:24 PM
huatong Most likely
26/02/2019 3:25 PM
Fergus Chong Pmetal Qr 4% ^
26/02/2019 6:42 PM
salman Profit up 4%
26/02/2019 7:58 PM
kevin008 https://m.facebook.com/story.php?story_fbid=2339298882956830&id=2017748508445204
27/02/2019 7:07 AM
Bizfuneng Forum seems very quiet ady.
12/03/2019 9:29 AM
James Ng https://klse.i3investor.com/blogs/general/197499.jsp
[转贴] [PRESS METAL ALUMINIUM HOLDINGS BHD:市场预计铝需求将超过供应] - James的股票投资James Share Investing
12/03/2019 11:48 AM
witchjaz KUALA LUMPUR (March 15): RHB Retail Research said Press Metal Aluminium Holdings Bhd may rise higher after it formed a fourth consecutive white candle.

In a trading stocks note today, the research house said the 21-day SMA line is now likely to turn upwards, suggesting additional strength may be present in the coming sessions.

“A bullish bias may emerge above the RM4.46 level, with an exit set below the RM4.20 threshold.

“Towards the upside, the immediate resistance is at RM4.67. This is followed by the RM4.85 level,” it said.
15/03/2019 9:15 AM
WavesRider Bought 4.07 on 13Feb. Sold 4.56 on 15Mar. Holding period 31 days, 12.04% gain. Thank you PMETAL.
15/03/2019 7:17 PM
Jingweihan Uptrend already
16/03/2019 9:15 AM
BursaKakis https://klse.i3investor.com/blogs/bursakakis/198182.jsp
17/03/2019 2:03 AM
abc333 4.75 4.86 5 5.2 break one by one?
17/03/2019 9:01 PM
Kawkaw Good stagings...gl to me
18/03/2019 1:48 AM
moneykj Go to whack Orion today
18/03/2019 6:47 AM
Jingweihan Uptrend
20/03/2019 6:08 PM
Jingweihan Uptrend
20/03/2019 6:28 PM


 

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