Just manipulated by fund manager to scare off the short term player

Hong Leong and kenanga initiated BUY call ! Pmetal supporter!

Momentum Idea - PMETAL
PMETAL: ripe for a technical bounce

§ The recent 15.6% slump in four days to end at RM2.86 yesterday as investors fear the surprised China’s government decision to remove export taxes on bars and rods of primary aluminium and aluminium-alloy effective 1 May.

§ At RM2.86, PMETAL is trading at undemanding 7.2x Bloomberg FY16 P/E, 44% below its 10-year historical average P/E of 13x, supported by an EPS CAGR of 17.8% for FY15-17 and decent dividend yield of 4.5%-5.2%. Hence, we advocate investors to take this opportunity to buy on weakness given that PMETAL’s fundamental and prospects remain intact

§ Technicals are grossly oversold. Risk taker can accumulate for technical rebound. A decisive breakout above immediate resistance of RM3.00 will lift prices higher towards RM3.20-3.30 zones. Cut loss below RM2.70
Hong Leong investment bank

Our subsidiary in Foshan, Press Metal International Limited, is one of the largest exporters of aluminium products in China, with a production capacity of 120,000 tonnes per annum.

The Group has also established an extrusion facility in Hubei, China, with a production capacity of 30,000 tonnes per annum. The Hubei extrusion operation complements our Hubei smelter which has a production capacity of 90,000 tonnes per annum. The smelter has a self-sufficient energy supply as our subsidiary owns and operates a 180MW coal-fired power plant.

haiz drop from 1.60 to only 1.55

The stock is still undervalue

The Net tangible asset has increased to 1.65 from 1.48 (11% increment )

How about the quarterly report ? Anyone

Post removed.Why?

Why this counter keep dropping and the selling pressure is so high?

Can somebody teach me how to buy the ICULS with free warrant ?