the writer is not wrong about that with the some assumption, it may not meant for the property to be launch immediately and 100% sale and etc. it could be launched after 6 or 8 years, with the adjustment of property value, rate and etc, the rnav may or may not be the same,but its about the npv of the valuation.

i think you guys may have bit confuse with the interpretation of RNAV

16b is an asset based on the land availabek to derive the potential gdv. Not project. Project is being awarded. With the existing projects property development and toll consesssion. The rnav of this company is very high. I do believe analyst will only revise upwards. The price will eventually move towards the rnav

@niki. There're i downloaded all report for jan 2017 onwards there.

niki...you can get it from bursamarketplace.com

you can get the report from bursamarketplace

Go find our yourself. Current one is 1926

LONDON, July 13 (Reuters) - Aluminium rose nearly 3 percent on Thursday as concerns over potential supply curbs in number one producer China sparked a rally in the metal.

Talk that more capacity cuts were on the way in China fed into broader-based concerns over slowing output to push prices higher, analysts said. An industry association said last month that China will launch a crackdown to curb illegal expansion of aluminium capacity.

"This is all about the looming cutback to Chinese supply growth, due to both the current investigation into illegal capacity, and in the medium to longer term the expected slowdown in Chinese capacity growth," Julius Baer analyst Carsten Menke said. "Demand is not the issue -- it's all about supply."

London Metal Exchange warehouse inventories hit their lowest since 2008 this week.

* ALUMINIUM PRICES: Three-month LME aluminium was untraded in official midday rings, but was last bid up 2.1 percent at $1,928 a tonne. Earlier it hit a peak of $1,943.

* INVENTORIES: Aluminium stocks in LME warehouses MAL-STOCKS fell another 6,525 tonnes, data on Thursday showed, taking them back towards this week's near nine-year low.

Here for us to share the informative info and share on anlyst with supporting info other thing just keep for ourself

THREE executive directors of Press Metal Bhd raised their individual stakes slightly in the integrated aluminium manufacturer, collectively acquiring 22 million shares on June 16. That day, 23 million shares changed hands in four direct deals off market at RM2.70 each, just above the RM2.68 they fetched on the open market.

The trades happened ahead of the stock’s suspension on June 19 to facilitate a proposed share swap between the company and Press Metal Aluminium Holdings Bhd as part of an internal reorganisation.

According to filings, Datuk Koon Poh Tat and Koon Poh Kong bought six million shares each while Koon Poh Weng bought 10 million. Poh Tat now holds a direct 3.21% stake in the company while Poh Kong and Poh Weng hold 2.51% and 4.15% respectively. They are also deemed interested in shares held by their respective spouses.

Press Metal’s share price rose to an all-time high of RM2.913 on April 28. Closing at RM2.68 last Tuesday, the stock was up 70.48% year to date.

The rally in the share price was likely due to its improved earnings in FY2016 ended Dec 31. The company posted a record revenue of RM6.65 billion, thanks to increased production, higher aluminium prices and the strengthening of the US dollar against the ringgit, while net profit surged 265% year on year to RM483.57 million. In 1Q2017 ended March 31, net profit rose to RM148.05 million from RM94.56 million during the same period last year.

Sugar price up. Need to restock sugar at higher price. Cost will increase. Management told the analyst. Pls check ambank research report

PMA’s entire issued and paid-up share capital of RM943,397,512 comprising 3,733,639,927 ordinary shares and 305,201,443 warrants in PMA will be admitted to the Official List of Bursa Securities in place of PMB. The listing of and quotation for the PMA Shares and PMA Warrants on the Main Market of Bursa Securities will commence at 9.00 a.m. on Monday, 10 July 2017, on a “Ready” basis pursuant to the Main Market Listing Requirements of Bursa Securities. The PMA Securities will be listed on the “Industrial Products” sector of the Main Market of Bursa Securities.

http://www.klsescreener.com/v2/news/view/249477

But china govern stop them then

They want wanda to join la

Verbally agreed. Normally will go through unless eko screw up

PETALING JAYA: Press Metal Bhd, the region’s largest aluminium smelting firm, expects to achieve a stronger financial performance this year on the back of improving prices and increased output.

“We believe the price of aluminium this year will be higher than last year, and we are positive about the production output, which is going to be more,” said chief executive officer Datuk Paul Koon Poh Keong.

Coupled with the rise in the value of the US dollar, the group is optimistic about delivering a better growth in its bottom line and top line for the year ending Dec 31, 2017 (FY17).

“If the US dollar strengthens it will definitely help us. We are comfortable with this kind of range (RM4.25 to RM4.26 against the dollar) and of course if it is at RM4.4 it will be very good for us. But we cannot expect it to be at that level all the time,” Koon told reporters after the group’s annual general meeting yesterday.

With regard to the aluminium price, Koon said it is expected to be well above the average of US$1,700 per tonne seen in FY16.

“This year it would be in the range of US$1,800 (RM7,668) to US$1,900 because we have another six months to go,” he said.

The increase in aluminium price is primarily due to the Chinese government’s move to cut its production capacity amid environmental concerns.

“They (Chinese government) are serious about curbing emission for their own benefit,” said Koon. “When the Chinese government is serious about controlling the aluminium industry’s expansion and reduce capacity, we can see the market reacting to it,” he added.

As such, while demand for aluminium is expected to grow at a healthy pace, the supply growth will face more challenges, said Koon.

“[The group’s earnings] will grow this year on these positive indications with the benefit of full production from our three smelter lines [in Sarawak] — Mukah smelter, Samalaju Phase 1 and Phase 2 — of 760,000 tonnes capacity, and higher value-added products output along with better currency exchange rate,” he added.

On expansion plans, Koon said Press Metal is continually exploring new market segments, both domestically and internationally.

“The expansion is in the pipeline, we are mindful of doing it at the right time and doing it with careful financial planning,” he said.

Press Metal’s net profit jumped 56.6% to RM148.05 million for the first quarter of FY17 from RM94.56 million a year earlier. Revenue grew 56.7% to RM2.02 billion from RM1.29 billion.

The group has declared a first interim dividend of 1.5 sen per share for FY17, payable on June 21.

Press Metal’s share price fell five sen or 1.82% to close at RM2.69 yesterday, with a market capitalisation of RM10.19 billion. Year to date, the counter has gone up by 69.18%.

（吉隆坡15日訊）隨著今年的產量增加三成和鋁價料持穩，齊力工業（PMETAL，8869，主板工業股）相信，今年應可交出不俗業績，并對2017財政年表現感到樂觀。

齊力工業首席執行員拿督管保強在今日的股東大會后向記者表示，該公司三瑪拉朱（Samalaju）第2階段廠房去年5月份開始投產，預計今年總產量將按年增加30%，若鋁價持平，營業額料可取得同步的成長。

「若排除去年因保險索賠獲得的收益，公司今年的核心淨利預計將取得成長。」

另外，管保強表示，「鋁價已獲得非常好的支撐，因為全球最大的鋁生產和消費國——中國，目前基于環保因素，已逐漸減少鋁產量以達到減排；中國也領頭巴黎氣候協定，未來將更加注重環保議題，因此鋁價可獲得強力的扶持。」

管保強透露，2016年的平均鋁價為每噸1700美元左右，而年初至今的鋁價平均為每噸1900美元，因此，管氏預測，今年鋁價平均是每噸1800至1900美元。他也認為，鋁價持穩將可支撐該公司盈利表現，因此對今年業績感到樂觀。

同時，管氏表示，短期內不會像此前般大刀闊斧的擴充，而該公司將在強化資產負債表，降低債務和改善現金流后，等待適當時機才進行擴充。

管保強透露，該公司和中國索通公司（Sunstone）聯營的碳素陽極（carbon anode）工廠，預計可在2018年下半年間啟用，屆時可確保該原料可獲得穩定供應。

詢及三瑪拉朱港口投運對該公司的貢獻，他回答說，該港口料在今年第3季啟用，屆時可降低該公司的運輸成本和增加效率，但目前仍無法提供實際上可省下成本數額。

另一邊廂，對於今年令吉回穩，管氏表示，該公司認為目前美元兌令吉走勢仍處於可接受水平。

19日起暫停交易

針對鋁產品的市場前景，管保強指出，歐美國家，甚至中國都正鼓勵製造商採用較輕的鋁合金生產汽車與火車等交通工具，而其他產品，包括電器和建築材料，也採用鋁，因此未來需求將繼續走高。

一名出席股東大會的小股東向《東方財經》透露，該公司計劃在今年杪將下游業務對營業額的貢獻，從目前的30%提高至50%。同時，該股東說，三瑪拉朱廠房的保險索賠已告一段落，但木膠（Mukah）的索賠仍在進行中，而賠償數目未詳。

另外，齊力工業管理層也透露，該公司股票料從下週一（19日）暫停交易至7月10日，以完成內部重組建議，該公司股份將以1對1比例注入新控股公司--Press MetalAluminium Holdings Bhd」（PMAHB）。

http://www.klsescreener.com/v2/news/view/245117

cheaper selling price than oldtown may not mean good profit...whether the biz model is sustainable or not shall expose over the years...we shall not underestimate the oldtown management especially with the cash reserve of 180m which can be easily to revive their f&b biz...

Wow. Cool

Hui xin. Ar16 shows that in 2016 the net exposure in usd is -3bils. (After factored in 2bils plus of usd loan). I know u were mentioned what analyst mentioned.

Strengthen in myr actually good to pressmetal. That i gather from annual report

Haha...cool. just attend oldtown agm ask questions to clear investors doubt.

Wont be limit down. U exclude cash of 180m (including treasury share) 40sen. Price is 2.69 even with 60mils profit the pe only about 20.

Cruger. Neither me promoting. Oldtown. Bcos this is oldtown page. I think all of us are sharing the view of this company. There must be always a positive or negative things. No need to worry.

Cruger, FMCG is growing and their management also mentioned in the quarterly report that the for the fy 2018 fmcg will growth at the faster rate. Now ald end of the 2nd months. Of fy 18. The management should know well than us. The one of bad debt and high sale and distribution expenses cant not avoid for the company like oldtown. Price at 3.4 could be run ahead of fy17 but may not be for fy18. Although i own the oldtown share. But i have my own research. I didnt follow any comment of this blogs to decided whether to buy or not. My entry price was 2.63

（吉隆坡18日讯）国内市场成长放缓，可口食品（COCOLND,7205,主板消费品组）放眼在东南亚区域展开收购以扩张食品业务版图。

拓印越菲市场

可口食品执行董事刘育荣接受《日经新闻》访问时表示，“我们正积极寻找收购目标，尤其是在印尼，其次为越南和菲律宾。”

他表示，潜在目标为分销和行销公司，以协助推展可口食品的产品至外国市场。

他未透露这类收购的成本和时间表。

同时，他表示，可口食品印尼子公司已申请执照以进口食品，预料印尼当局会在今年内颁予执照。

“我们目前透过当地代理商以出口软糖至印尼，因此目前印尼市场的贡献处于低水平。”他指出，如果进军印尼的计划成功，印尼可成为该公司的最大出口市场。

他表示，该公司放眼今年营收成长10%。

可口食品去年营收共2亿7260万令吉，大马市场的贡献占44.8%。去年净利则增长33.9%至4380万令吉，低于前一年的49.3%增幅。

可口食品去年在韩国、印尼和越南大力行销，带动营收双位数成长，该公司也出口产品至中东，去年营收有11%来自中东。

在中国，可口食品面对激烈竞争，但长期而言中国政府打假对该公司有利。刘氏指出，该公司是中国最大的软糖品牌之一，但需要时间以改善状况。

可口食品股价一年来上涨33.9%，今日闭市升1仙至2令吉70仙。

Warran

April 2017 :-
M.TONNES

FFB 104,918
CRUDE PALM OIL 32,779
PALM KERNEL 6,488

I would thank if price drop bcos of this. Then i can buy more.

应为warehouse的valuation今年才能完成 reit是迟早的事

They hv plant in china

I think we shouldnt compared oldtown with csc

same to me

对 要有耐心

因为1.TN 有太多divisions 2. high gearing to finance warehouse 3. 给 property division 拖累 in term of valuation 4. 不多人发觉 warehouse 的潜能

warehouse will be worth more than now in e commerce era

Stand alone for logistic and warehouse PE (after factor in their newly last mile biz) compare to other logistic company? what will you get?
I know their property division contribute more than 50% in term of profit. property yield lower valuation (PE)

dragged by property division, otherwise logistic and warehouse division should deserve higher PE (after factor in their newly last mile biz)

JV is the good start for shl, shall see more how the company unlock the value in near term

moving...too fast. but good. still tp 4.5

Ringgit*

Strengthen in usd will help to offset low cpo price

TP 4.5

Should be

bull market and near election
oldtown pe could go as high as 24

Joint oldtown today

I took it from bursamalaysia

January 17
FFB amended from 75,097 to 99,445

CRUDE PALM OIL amended from 22,930 to 28,481

PALM KERNEL amended from 4,545 to 5,615