360Capitalist, I have called up Maybank Investment Bank (the undertaker) and the lady in charge said that all the paper work is ready. It is up to the company to give green light for the submission of application to Bursa Malaysia. It will not be later than 11.09.2014 and Bursa Malaysia will take 10 market days to approve it.

Time to accumulate now for longer term. When this PMETAL goes up, iits gain could be double digits. That time only you want to chase?

I hope the interview can be published in a few newspapers.

Dato Koon Poh Keong, Group Chief Executive Officer, Press Metal Bhd, discusses its share price rise, the recovery of the global aluminium sector and his historical challenges. He also talks about its China operations, its financials and forecasts, its expansion plans for more smelters and value-add in the auto sector. Lastly he discusses environmental concerns with its aluminium smelter plants in Sarawak.

BFM radio interview with Datuk Paul Koon, Group CEO of Press Metal Berhad

Thanks Mr360Capatalist, you are an encourager to us despite the poor share performance.

The most important thing now is new catalysts either new record high of aluminium price or approval of the bonus issues by Bursa Malaysia. Now both also not yet reach. How to rally above 6.25 - 6.30 region?

Current Year Quarter, Preceding Year Corresponding Quarter, Current Year to Date, Preceding Year Corresponding Period
30/06/2014 30/06/2013 30/06/2014 30/06/2013
RM '000 RM '000 RM '000 RM '000
1 Revenue 1,000,213 795,343 1,897,318 1,519,586
2 Profit/Loss Before Tax 83,584 26,848 119,973 62,168
3 Profit/Loss After Tax and Minority Interest 60,026 20,041 88,057 45,287
4 Net Profit/Loss For The Period 73,622 22,821 101,055 49,899
5 Basic Earnings/Loss Per Shares (sen) 11.57 3.95 17.03 8.91
6 Dividend Per Share (sen) 5.00 1.00 10.00 1.00

12/08/2014 07:00 AM

Which one are we refering to? Anyway it is not important anymore. Already factored in.

PMETAL 1H net profit 101.055 million (increased 102.52%).
Joel, PMETAL website reported that its 1H net profit is 101.055 million, definitely not 88.1 million.
I think it has already been factored in its share price.

Joel, it was advertised in the EDGE weekly newspaper for this week.

I think they want to push it down to below RM6.00 because AMMB Research give a fair price only at RM6.00.

Russia's Rusal offers Japan aluminum buyers $460/mt premium (13% Higher Than Q3 2014)
STRONG BUY
>>> Q4 should record Higher Profit than RM100mil in single Quarter
>>> Coming Q3 The Profit should be above RHB analyst expectation of RM90mil
http://www.hellenicshippingnews.com/russias-rusal-offers-japan-aluminum-buyers-460mt-premium/

Aluminum Extends Rally to Highest Since 2013 on Supply Deficit
http://www.bloomberg.com/news/2014-08-20/aluminum-extends-rally-to-highest-since-2013-on-supply-deficit.html

What has happened to PMETAL? Such a sharp drop from today's peak of 6.23. Any bad news?

Normally it takes only 10 days for a company to summit the applications of bonus issues to Bursa Malaysia. Why PMETAL has not announced the submission of its application at its website? 13 August 2014 proposed. Next Monday is 25 August. Already exceeds 10 days. If by next week, still no such announcement, something is wrong. The undertaker is Maybank IB.

Regarding the ex-date of bonus issues, it all depends on the efficiency of the company. For example like GKENT, the bonus issue was proposed on 30.6.2014 and the ex-date is on 27.8.2014 (less than two months).
Like OKA, propose on 11.07.2014 and got approval on 31.07.2014 (so fast) and EGM on 28.08.2014.
So, PMETAL proposed on 12.08.2014 and should get the approval on 03.09.2014.
Thus, if PMETAL is efficient, then Joel's forecasted ex-date could be possible but I hope it will be in middle of November close to its 3rd quarter profit annoucement. According to Mr 360Capitalist, it could be higher than RHB forecast of RM90 million due to the rising aluminium price.

http://www.kitcometals.com/charts/aluminum_historical_large.html
Fiday aluminium price was US$0.9127/lb or US$2050/tonne.

RM6.25 - RM6.30 region has proven to be a very hard nut to crack. Fail to pass through it three times, i.e. 12.08.14, 13.08.14 and 21.08.14. Don't know when can break through it? Don't tell me after ex bonus only can break through it, i.e. with a price of RM3.15 and above.

It is like small and little fish versus the big and large fish. It has been like this since the bonus issues is announced. 7 days of downward consolidation already since the announcement. So today it closed at 6.16. Next Monday, it will start with 6.11 after giving the 5 sen dividend. Easily the big and large fish will push it down to the 5.95 to 6.05 region. Can start adding.

Thanks 360Capitalist for the information. But now looks like the price of PMETAL is heading south after ex-dividend back to the RM6.00 - RM6.05 region next week.

http://www.kitcometals.com/charts/aluminum_historical_large.html
The current aluminium price is US$0.9145/lb or US$2054/tonne.

The price can be easily pushed down now. RM6.20 already.

Looks like today (the day before ex-dividend) not that encouraging. Just hope that the big fish will come back to buy as the day progresses.

LME aluminium to rise more to $2,129
SINGAPORE: LME aluminium may rise more to $2,129 per tonne, as indicated by a Fibonacci projection analysis.
The analysis reveals that the metal has briefly pieced above a resistance at $2,074, the 138.2 percent Fibonacci projection level of an upward wave C that developed from the May 21 low of $1,754.75.
The next resistance will be at $2,129, the 161.8 percent projection level.
The wave C consists of five small waves.
The trendline passing the peaks of the first and the third waves points to a level similar to the target of $2,129. Strategically, this target will be confirmed when aluminium goes above its Aug. 20 high of $2,083.75.

I hope the management of PMETAL will summit the application of the bonus issues to Bursa Malaysia by end of next week. Please don't take too long time. After approval by Bursa, there will be another rally.

There is no roadblock now from 6.20 to 6.25. Big fish, please eat them all.

Yangkwang: But warrant no bonus issues. Buy mother share safer.

Posted by Joel on 18/08/2014: 不要按着PRESS METAL price, 请让它自由的起吧 ！meaning
Do not press down PRESS METAL price, please give freedom to it!

Not really, selling pressure still very stong. Now 6.12 back to 6.10.

Wednesday aluminium price was US$0.9186/lb or US$2063/tonne (a new high).

Bursa Malaysia recording an all-time trading volume of 7.669 billion shares on Wednesday but why PMETAL volume still so low? Hope that its volume will increase together with its price as Friday is the last trading day before it ex-dividend on next Monday.

http://www.kitcometals.com/charts/aluminum_historical_large.html
The current aluminium price is US$0.9041/lb or US$2031/tonne, up another US$0.0023.

Today is fifth day drop after bonus issues is proposed. Still no buyers meaning the price is not attractive yet. Have to see to what level it drops to before the trend reverse.

Aluminium price rose to US$0.9018/lb (US$2025/tonne) from US$0.8842/lb (US$1985/tonne) yesterday.

Tuesday closed at RM6.06 (down 4 sen). Hopefully Wednesday and Thursday, it will go down below RM6.00. 10% correction from the peak of RM6.33 will be RM5.70. That should be a good entry point for a strong rebound.

Syndicates sell down until RM6.10 already. Don't know what is their target price of selling. Can easily close below RM6.00 today. Very very weak support down the line.

Thanks Joel. Just hope that big boys/guns/fish can read to buy a lot and not to keep on selling.

Translation for Joel's posting:

PRESS METAL The two plants are in full production.

If the car manufacturers were to increase aluminum components in their product, PMETAL will benefit.

Ford Motor Company has begun in the United States for its F-150 trucks, producing a full aluminum body.

With aluminum prices rising, PMETAL will gradually improve for the rest of the year's profit.

Everyday almost the same trend, high volume waiting to sell but no buyer with high volume. Big fish, please come and hep this share.

Usually bonus issues got four catalysts, i.e. (1) When Bursa approves the bonus issues application (2) One day after EGM (3) Five trading days before the ex date (4) The first day after ex. Three long months to wait for the whole process to be completed.

The next catalyst is this Friday 5 sen dividend because the ex-date is next Monday. Probably will go down for Tuesday, Wednesday and Thursday to below RM6.00. Looks like some big guns are pushing down the price to collect.

What a waste. With all the good news, finally Monday it closes at only RM6.10. This PMETAL really have to go down to below RM6.00 to find a stronger base before it can rebound back strongly. If not it is so weak. The volume is only 678,000. But PMETAL-WC leaps up 12 sen in the last minute.

Aiman168, hopefully you are right. I am afraid it might end at RM6.05.

After reaching a high of 6.18, it easily collapse back to 6.13 in the last 30 minutes of the morning session. So fragile. Hopefully in the afternoon session, it could rise again strongly. Big boys, please help.

http://www.theedgemalaysia.com/business-news/303086-highlight-press-metal-eyes-lucrative-auto-parts-segment.html

Press Metal eyes lucrative auto parts segments.

http://www.theedgemalaysia.com/business-news/303086-highlight-press-metal-eyes-lucrative-auto-parts-segment.html

Press Metal eyes lucrative auto parts segments.

Thanks Mr Johnny Cash, my average purchase price is 6.21 for the time being. All paid up waiting until the bonus issue is credited into my CDS account.

The weekly EDGE newspaper had advertise both the mother share (PMETAL) and PMETAL-WC. Just hope that RM6 can support the selling pressures. If not, 10% correction from the peak (RM5.70) can be a good buying opportunity.

http://www.lme.com/metals/non-ferrous/aluminium/#tab2
Aluminium price in US$ per tonne.

Dear Mr Johnny Cash, can you please go to PMETAL forum to do some analysis for us. The share price has dropped from its peak of 6.33 to only 6.05 (-0.28) after the bonus issue is announced and this makes me quite worry. I thought it should be uptrend.

Even laggards LBALUM rose 12 sen, ARANK rose 5.5 sen and money losing ALCOM rose 9 sen. And need not mention PMBTECH which hits limit up today. PMETAL sure wants face. How can the 'taiko' lose to smaller companies. It will sure to rebound after finding its bottom base.