Koon Yew Yin's Blog
Alcom is the cheapest Aluminium company - Koon Yew Yin
Koon Yew Yin
Publish date: Fri, 23 Apr 2021, 08:41 AM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.
All materials published here are prepared by Mr. Koon Yew Yin
All materials published here are prepared by Mr. Koon Yew Yin
Aluminium Co of Malaysia Bhd together with its subsidiaries are involved in the manufacture of aluminium sheets and foil products. The key business segments that the group operates are in fin stock, building products, heavy gauge foil, and specialties. The group supplies to manufacturers of air conditioner across Asia and Europe. Some of the other segments include building and construction, packaging, cables and various other industries. The company also produces other foil products such as cable foil for production of cable war, diaphragm foil and plain foil for packaging.
China has increased its net import of primary and alloy aluminium to record high in the last 10 years as shown on the chart below. As a result, aluminium price has been going up every month and it has gone up 55% in the last 1 year as shown on the price chart above.
Based on the fact that Aluminium price has been going up higher and higher, all the Aluminium companies should be able to report increasing profit in the next few quarters.
Even if I assumed the EPS for Alcom remains the same for the next 3 quarters, its annual EPS will be 7.5 sen X 4 = 30 sen.
|
Name |
Price |
Latest EPS |
4 X EPS |
PE |
|
Aluminium Co. |
Rm 1.17 |
7.5 sen |
30 sen |
3.9 |
|
LB Aluminium |
Rm 1.12 |
6 sen |
24 sen |
4.7 |
|
Press Metal |
Rm 5.21 |
3.53 sen |
14.12 sen |
37 |
|
PMB |
Rm 5.66 |
5.31 sen |
21.2 sen |
27 |
|
PA Resources |
51 sen |
0.58 sen |
2.3 sen |
22 |
The table above shows the closing price of each of the 5 Aluminium Companies today and that Alcom is the cheapest Aluminium company in Malaysia, selling at PE 3.9.
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Discussions
Be the first to like this. Showing 32 of 32 comments
Pmetal will have increase NP because Pmetal is the one doing upstream and NP directly depend on international price of aluminium.
The rest need to buy aluminium from market and make it to their products. Their NP depend on their ability to pass down their raw mat cost to their customers.
2021-04-23 09:50
Correctloh...Tp Rm 1.60 to Rm 2.00 not overvalue loh!
Strong momentum for further upside mah!
2021-04-24 12:35
we are not an alumi, producing country, buy at high cost , ended product at more high. pandemic time , how many can afford . just think, not like glove
2021-04-24 16:51
why Con you win articles always pop to i3 top articles? remove this con man already. zero credibility and pure manipulator.
2021-04-24 19:54
aluminium company DO NOT process aluminium from raw, they only process aluminium product , buying raw at high cost, finish product at higher cost. how many can afford now.
2021-04-25 08:45
U understand why more profit can be made when input raw material prices move up ah ??
1.Suppose Raw material prices move up 50%....a company holding Rm 100m inventory will buta buta make extra rm 50m mah...!!
2. Just say the company normal profit margin is 10%....if the selling price is Rm 100....the company will make Rm 10.00 loh! Suppose the selling price is increase to Rm 150 & still maintain 10% margin...that will mean the company will make rm 15 which is higher mah!
2021-04-25 10:08
Haha,
I equally shocked they dun transmute aluminium to gold? !!!!!!!!!!!!!!!!!!!!!!
2021-04-25 10:13
Koon, how about other stocks you claimed under-rated weeks ago? Are those stocks no longer under-rated? Kaninah
2021-04-25 10:15
Those stocks are not endorsed by veli veli panlai Raider mah!
osted by abang_misai > Apr 25, 2021 10:15 AM | Report Abuse
Koon, how about other stocks you claimed under-rated weeks ago? Are those stocks no longer under-rated? Kaninah
2021-04-25 10:16
Remember AT. Con guy. He already bought and promoting here. All people chase but he sell suddenly. Later negative comments. Last bilis kena.want to trust tis con guy? Good luck.
2021-04-25 10:21
Do not worry lah!
Raider endorse is quite safe to enter now mah!
Undervalue loh!
Posted by bigprice > Apr 25, 2021 10:21 AM | Report Abuse
Remember AT. Con guy. He already bought and promoting here. All people chase but he sell suddenly. Later negative comments. Last bilis kena.want to trust tis con guy? Good luck.
2021-04-25 10:24
look for company that produce , like glove company, i kena trap by gold company tomei, poh kong and nice. i had learned
2021-04-25 10:56
Sudah manyak kali cakap alcom, insas, wtk, jtiasa, kossan, bjland, csc apa lah lu mau lagi leh ?
Posted by abang_misai > Apr 25, 2021 11:42 AM | Report Abuse
Haha stock raider apa saham bagus boleh rekomen?
2021-04-25 12:19
why pick alcom against lb alum? because alcom lesser scrips on the market,easier for uncle to manipulate.uncle usually pick the stock with 100-150 mil paid up cap
2021-04-25 12:23
LB further downstream from aluminium raw materials mah! Also more competitors loh!
Furthermore KYY says alcom PE 3x loh...!!
Posted by apolloang > Apr 25, 2021 12:23 PM | Report Abuse
why pick alcom against lb alum? because alcom lesser scrips on the market,easier for uncle to manipulate.uncle usually pick the stock with 100-150 mil paid up cap
2021-04-25 12:42
Alcom's available cash per share is RM0.30/share, whereas LB's cash per share is RM0.126/share.
The past few years have been rather challenging. Alcom's management has been professional and transparent in their reporting, and is well positioned for a bounce-back.
2021-04-25 14:51
a company that just turn a small profit from previous losses but stock price already up so much
2021-04-25 14:59
especially considering also that it's being currently promoted like heck
2021-04-25 15:02
most chinese alum factories resuming activities after suspension due to non compliance of emissions regulations........so you know what to do
2021-04-27 01:17
We supply Aluminum Products with good quality and very competitive price. Hope to be a partner of your company!Please tell me what kind of aluminum products you need,email me or just call me directly.
2021-06-01 10:58
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