c u quietly at 1.70

Price up but vol is miserably low.

Haha.....really SC investigatiing KYY????? Got super intelligent fm SC.....wow!!!!

ISDD suspended?

https://www.klsescreener.com/v2/news/view/504296

If you hv profited time to get out. Your believe, my believe just not important as not data driven. Money in my pocket is far better. Can always come back if found making wrong decision. Be fearful when others are greedy. Your decision your money......

KYY hasnt read the Kenangan Report yet. Nice to read his resp.....

Forum seems very quiet ady.

No further report coing from David Lim?

PMetal is very volatile. What is the problem? Short selling?

Yes, any one can explain why?

_________________________________________________
Posted by linghk > Apr 19, 2018 10:25 AM | Report Abuse

i wonder why AMInvestment downgraded PMETAL instead of upgraded it? Funny and unbelievable

Short term Pmetal is going south. No doubt about this trend. Better take profit if can and revisit at a later date. Profit not in your pocket is still not a profit.

Any shares EPF touches, prices down. Better run seeing EPF coming.

Nomura: Lotte Chemical Titan 4Q results 'in line'
TheEdgeThu, Feb 01, 2018 - 22 hours ago

KUALA LUMPUR (Feb 1): Nomura said Lotte Chemical Titan Holding Bhd's fourth quarter results were in line with forecast.

Nomura wrote in a note that its Lotte Chemical Titan share target price is RM6.50. "4Q in line," Nomura said.

On Tuesday (Jan 30), Lotte Chemical Titan said net profit rose to RM378.15 million in the fourth quarter ended Dec 31, 2017 (4QFY17) from RM290.86 million while revenue fell to RM2.12 billion from RM2.15 billion.

For the full year, the company said net profit declined to RM1.06 billion from RM1.32 billion a year earlier while revenue was lower at RM7.82 billion compared to RM8.14 billion.

Lotte Chemical Titan also proposed a dividend of 23 sen a share.

"The company wishes to inform that the board of directors has resolved to recommend a final single tier dividend of 23 sen per share for the financial year ended Dec 31, 2017, subject to the approval of the company's shareholders at the forthcoming annual general meeting," it said.

???

cruger12345 - 8 yrs there was no sign of US going to do well. But just 1 yr DT turns it around. Expect this fact. DT is the outsider n working matters fm outside the box. The herd instinct is DT is bad. Objectively no facts pointing to that direction.

David Lim - may I know how you get 3 Spread average number? Tq.

Using OPM to invest is dangerous. Sifu KC has been trying very hard to alert newbies how unwise to invest in such manner.

In the 1st place why you bought this share.....by means of herd mentality? If yes meaning you hv not done your homework it is better to listen to adv fm above to sell. If you had done your fundamentals though you can nvr be 100% certain as many info is not available then you hv to fall back to your margin of safety for your decision. If your fundamentals are right, it is a calculated risk that you are taking. All depends on the value of the shares worth vs the share price you pay taking into consideration this industry is cyclic.

Go ahead to top up if you think you got the fundamentals right. Mr Market is unpredictable and hv no concern provided you sure your homework is accurate enuf. You are a few brave ones remain.

My bullets are ready at RM10.00. Waiting it to fall.

Haha.....another day coming to close. So much panic and stress fm HY. Tmr will show continues in panic mode or joyful mode. Those of you know what you are buying or selling shud love to watch. Running out of pop corn.....man.....

RHB report summary :

12 January 2018 Energy & Petrochemicals | Energy
Petron Malaysia
Buy (Maintained)
Target Price: MYR16.20
Price: MYR13.30
Pumping More To Fuel Growth Market Cap: MYR3,596m
Bloomberg Ticker: PETRONM MK
We spoke to management recently and came away still feeling positive on
Petron Malaysia. EBITDA is expected to average at MYR100-200m –
bringing its net cash balance to >MYR500m in FY18. The group has turned
into a net cash company since 2Q17, and its net cash balance ballooned
to MYR113m in 3Q17. Petron Malaysia’s refining spreads are expected to
remain high due to strong demand for gasoline products, while capacity
addition in the region remains subdued in 2018. Maintain BUY and
MYR16.20 TP (22% upside).
Avg Daily Turnover (MYR/USD) 6.00m/1.47m
52-wk Price low/high (MYR) 4.11 - 14.6
Free Float (%) 21
Shares outstanding (m) @MYR1 par 270
Expected Share Price Return 22%
Expected Dividend Return
Expected Total Return
Shareholders (%)
Petron 73.4
Tan Hock Cheng 1.0
Johan Enterprise 0.6
Share Performance (%)
YTD 1m 3m 6m 12m
Absolute (1.6) 4.2 16.6 72.5 225.7
Relative (3.1) (1.8) 12.9 68.6 216.9
Source: Bloomberg
Source: Bloomberg
Additional Data
Bursa Code
Listing Market
Beta
3-Month Average Volume (‘000)
ROA (%)
Cash coffer to strengthen further. Petron Malaysia’s EBITDA is expected to
average MYR100-200m in the current market environment, and the group’s
cash balance could surpass the MYR500m level by end-FY18. This is if
margins are sustained. We note that Petron Malaysia’s balance sheet turned
into net cash in 2Q17, and its net cash balance ballooned to MYR113m (42
sen/share) in 3Q17 with zero debt.
This, however, would not translate into higher dividends, as the extra cash is
most likely to be reserved for future expansion in refining capacity and petrol
station refurbishments. This is because there is still room for growth for the
group in the domestic market.
Gross margins to sustain. We believe GPM can be sustained at
c.MYR23.00/bbl for 2018, as demand for gasoline products remains strong. In
9M17, Petron Malaysia’s GP/bbl (the gauge for its refining margins) was strong
at MYR22.80/bbl (9M16: MYR17.00/bbl). Capacity addition pressure is likely to
be subdued in the year, as no major new refineries in Malaysia are coming online.
In Indonesia, the 100,000bpd capacity addition by Pertamina is also being
delayed to either 2019 or 2020 due to financing issues.
USD3.5bn allocated for expansion in refining capacity. Petron Corp, Petron
Malaysia’s Philippines-based parent company, is investing c.MYR3.5bn on
another refining facility on top of its current Port Dickson facility. This would
more than double its capacity to 178,000bpd (an additional 90,000bpd). The
indicated timeline for the completion of the new facility is in 2020.
It is too early to indicate to accurate earnings potential for the group, but the
facility could potentially bring in more diverse products into Petron Malaysia’s
portfolio, ie aromatics and other petrochemicals. This is in addition to its existing
products, namely gasoline, jet fuel and diesel.
Maintain BUY and MYR16.20 TP (22% upside). We are maintaining our
forecasts. Our TP is kept also at MYR16.20, which is pegged to 12.5x FY18F
P/E. This is still at a steep discount when compared to Petronas Dagangan’s
25x FY18F P/E. We continue to like Petron Malaysia due to its above market
growth in sales volume, as well as expectations of strong refining margins.
Risks to call include a reversal in such margins and an unplanned shutdown at
its refinery.

Pb Bank report summary

Powering Malaysia for Over 80 Years
Petron Malaysia Refining and Marketing Berhad (Petron) made its foray into Malaysia in 1933, marking over 80 years of business continuity in this nation. Its roots can be traced back to ExxonMobil when the company set up Standard Vacuum Oil Company. Today, it is the 3rd largest petrol retail operator. We begin coverage on Petron with an Outperform call and target price of RM14.46. We arrive at our target price using a discounted cash flow (DCF) method applying a weighted average cost of capital (WACC) of 7.71%. At our target price, Petron’s price-earnings ratio (PER) equivalent is 7.5x, lower than the regional average of 11.4x, but justified given its smaller market capitalization. Although above its long-term average, Petron’s forward PER is supported by the changing prospects of oil prices.
§ Global production cuts a key driver. The OPEC and non-OPEC oil production cut agreement which is likely to be extended a second round in 1H 2018 will drive sentiment on listed oil-based companies, Petron included. Investors’ interest on Petron will also be moved by several factors including its attractive business model which shields the company from the adverse movement of oil prices and Ringgit fluctuations.
§ Oil price gains to benefit. Oil prices are expected to record steady gains in the future, driven by 1) improving supply and demand mix with current imbalance expected to be corrected in the next few years, and 2) impact of slow or stalled capacity expansion since 2014 which will put pressure on future prices. Adjusted beta of 0.70-0.85 against Brent and TAPIS oil prices suggest a strong probability of Petron’s share price rallying in tandem with oil prices.
§ Captive market. Investors’ interest will also be driven by the solid captive market for Petron’s throughput in Malaysia, not to mention its underutilized capacity which can be unleashed should the need arise. Malaysia’s position as a country with the world’s 3rd highest car penetration rate will also endear to investors as demand for oil will continue unfettered even with booming global oil prices.
§ Solid backing. Above all, Petron has a backing from its parent company, San Miguel Corporation and related company, Petron Corporation, not only for cross-selling but also for technical expertise and financial support, particularly in a capital intensive and long gestation sector like oil.
Table 2: Key Forecast (2014A – 2018F)

RHB Report Summary

Petron Malaysia
Buy
Target Price: MYR16.20
Price: MYR10.40
Fuel Happy™ Market Cap: MYR2,819m
Bloomberg Ticker: PETRONM MK
We initiate coverage on Petron with a BUY recommendation. Our TP of
MYR16.20 (60% upside) is based on a 12.5x FY18 P/E. The company owns
over 580 service stations nationwide, distributing gasoline, diesel and
LPG products. Petron also owns an 88,000bpd refinery in Port Dickson,
Malaysia with a Nelson Complexity Index of 3. We believe the refinery
would provide the company with a competitive advantage, thereby
enabling it to take advantage of refined product spreads.
Share Data
Avg Daily Turnover (MYR/USD) 3.61m/0.85m
52-wk Price low/high (MYR) 4.07 - 10.4
Free Float (%) 21
Shares outstanding (m) @MYR1 par 270
Expected Share Price Return 55%
Expected Dividend Return 2.2%
Expected Total Return 60%
Shareholders (%)
Petron Corp. 73.4
Tan Hock Cheng 1.0
Johan Enterprise 0.6
Share Performance (%)
YTD 1m 3m 6m 12m
Absolute 151.6 17.6 43.4 63.1 161.0
Relative 144.7 18.6 43.9 62.3 154.8
Source: Bloomberg
Source: Bloomberg
Additional Data
Bursa Code 3042
Listing Market Main
Beta 0.42
3-Month Average Volume (‘000) 405
ROA (%) 10.7%
Third largest retail station operator in Malaysia. Petron Malaysia (Petron), a
major fuel retail distributor in Malaysia, has the third largest market share in the
country behind Shell and Petronas Dagangan (PETD MK, NR). It owns over
580 service stations nationwide, distributing gasoline, diesel and LPG products.
Besides retail marketing, the company also owns an 88,000bpd refinery located
in Port Dickson, Malaysia with a Nelson Complexity Index of 3. The refinery is
capable of producing gasoline, diesel, liquefied petroleum gas (LPG), kerosene
and low sulphur waxy residue (LWSR). The refinery has an average utilisation
rate of c.50% due to the unfavourable economics of LSWR which, in turn is due
to its low complexity rate. The company is 73.4%-owned by Petron Corp, the
largest oil refining and marketing company in the Philippines.
The refinery could provide alpha. Its retail fuel segment plays a volume
game, ie the more retail stations imply a higher volume. As such, we expect its
retail volume to grow by c.4% each year, driven by the opening of new stations.
Our base case scenario assumes Petron would open 15 new stations every
year. Its commercial fuel segment earnings are driven by spreads for naphtha,
kerosene and LSWR. We expect spreads for naphtha and kerosene to range
between USD2-7/bbl for the long term. As such, we believe the commercial fuel
would provide the company with a higher earnings growth potential, compared
to that of its peers.
Healthy balance sheet. As of 1H17, it is a net cash company; we expect
Petron to end FY17F in a net cash position. Total borrowings are at MYR66.4m,
while its cash position is at MYR156m. This is comparable to the situation at the
end-FY16, when it was in a net debt position of MYR136m. Net cash from
operations and free cash flow has been on an increasing trend, attributed to
better cost management as well as the asset performance mechanism (APM),
which transmits changes in oil prices to retail fuel prices.
BUY. We initiate coverage on Petron with a BUY recommendation, supported
by a TP of MYR16.20. We arrive at our TP by pegging a 12.5x P/E to FY18F
EPS of MYR1.30. As a comparison, Petronas Dagangan is trading at 24.6x P/E
for FY18, at a 70% premium to Petron. We like Petron as we believe its retail
fuel segment would provide a stable base of earnings due to the APM
mechanism, while its commercial fuel segment would provide an earnings
boost, an advantage the company holds over its peers due to its refinery.
Key risks. On page three we describe several key risks for the company.

Sold some at 5.60. Tq Pmetal. C u at 6.00 again.

Business is about supply and demand from layman point of view. In order for business to create values it therefore has to understand the concept of these two characteristics.

Pls start planning ur 4th target.

Yes....will drop temporary and will rocket up thereafter. Anyway, BN will win that for sure.

Difficult to read. Low Ji Tend use bigger fonts pls. Tq.

Why big chinese company Li Ning nid Magni?

chesslim, base on what facts or fundamentals for u to say Magni wud go Rm8.00 nx q? Can you elaborate? Tq.

Has been for 10 yrs Magni was stable, strong and growing. Nothing can grow forever. Environment, fundamentals and technology constantly changing and if management cudnt adapt the company will gradually sliding towards sunset. This is beginning happening to Magni.

2 Qs Magni were on down trend. Time has come for saying goodbye to Magni.

Gap down 11 sen......why?

Mr.Ooi, so you involve with KKY's charity work indirectly. Whoever is doing charity can't be bad. God blesses you for your good deeds, Mr Ooi.

RHB Report :

Press Metal - On Track For Another Record Year
RECOMMENDED: BUY
TARGET PRICE: MYR 5.30
PRICE: MYR 4.75
Press Metal’s 9M17 net profit was within our and market’s expectations. Core net profit grew 52.8% YoY, underpinned by higher aluminium prices and additional production output. We continue to like the company and maintain our BUY recommendation. We also make no changes to our earnings estimates and maintain our DCF-derived TP of MYR5.30 (12% upside).





9M17 earnings – within expectations. Press Metal’s 9M17 core net profit of MYR452.6m was within our and market’s expectations, making up 72% and 70% of our and consensus’ estimates respectively. Revenue was up 30.5% YoY mainly attributable to the additional production output generated from its Samalaju Phase 2 smelting plant (additional 320,000 tonnes of ingots) and higher aluminium price of USD1,922/tonne (vs USD1,570/tonne in 9M16). PBT growth of 26.6% YoY was lower than revenue growth, mainly due to the additional insurance claim in 1H16 of MYR76m. Excluding the insurance claim, core net profit grew 50% YoY on the back of higher revenue.

Maintain BUY. We continue to like the company and maintain our BUY recommendation. We make no changes to our earnings estimates and DCF-derived TP of MYR5.30. Our new TP implies 23x 2018F P/E, which is close to +2SD of its historical P/E – we believe this is justified given Press Metal’s projected 3-year earnings CAGR of 36%. Key risks include lower aluminium prices and a sharp weakening of USD that may hurt its profitability.

TannCK......Tq for blowing off some con man in this forum. I trust ur input better.

Hi Rick, there are a total of 37 reports from RHB analyst from Jun 2013 till 1 Nov 2017. There area lots of details fm these 37 reports, assumptions used, management aspect, commodities , productivity improvement, etc. Their initial DCF and subsequent revisions.

Perhaps after you hv visited these reports you may and may not hv the same perceptions. It is good then you come back for further inputs and share learning.

Tq so much. Hv to go as just received news my brother just passed away.

Meantime, good luck to all Pmetal holders for greater profitability.

happy123.....as long as we profited we shud be happy. U can't live back the past. Either we choose to take profit now or let the profit flows for greater profit later. All is individual choice. Important thing is dun live to regret ur decision. I did once on KESM but I was still happy as I profited fm it. I moved onto Pmetal. I m happy I m now rewarded handsomely by Pmetal. I arrive to the same decision making again sell or hold Pmetal? Haha........

Ricky,TQ as usual. I always apprec ur inputs. I entering not at d present price.....much much lower. I had limited knowledge on DCFA but what being done by RHB to me make sense on the share value. So the bonus issue and the share splits that came along multiplied my holding many folds. The appreciation and run up of the share prices perhaps is luck and enriches my holding. Perhaps again my luck and opportunity crosses created wealth for me. I shall review all ur inputs for my continuous learning.

It is ok to hv opposite view. I c nothing wrong with Ricky Yeo"s inputs at all. It is up to individual whether to consider his points. I wud apprec he is playing devil advocate. It prompts u to think deeper and perhaps on your nx investment u can b a little wiser.

As for Pmetal most of us here really rewarded till yday very handsomely......really very handsomely.

My 2cts point of view. Sorry can provide fantastic fundamentals.
-------------------------


A– Jul 2016 Pmetal bonus issue and share split. Share price from RM3.94 adjusted to MR1.41. Though in term of Market Cap it was neutral but this introduce two minor advantages :-
• Improving stock liquidity
• Share price more affordable to retail investors

B-All pots running full capacity.
Phase 1 smelter running normally – 120ktpa
Phase 2 smelter down for 6 mths due to fire and running back end 2015
Phase 3 fully commissioned in May 2016.
Jul 2016 all pots running full capacity of 760Ktpa
Dec 14 Dec15 Dec16 Dec17F Dec18F
Smelting Cap phase 1(tpa) 120000 120000 120000 120000 120000
Smelting Cap ph 2 &3(tpa) 320000 320000 640000 640000 640000
Phase 1 utilization (%) 75 99.0 99.0 99.0 99.0
Phase 2 &3 utilization (%) 98.5 90.0 86.6 99.0 99.0
USD to MYR 3.27 3.91 4.00 3.80 3.70

C-Internal reorganization – focus on productivity.

D- Al price bottoming out forming new support level abv USD1600/ton.

E- With Phase 3 smelted fully commissioned and Phase 2 smelter back into full production significant cost saving derived from sharing of common infrastructure and management.

F- All plants run at full capacity and all-in-aluminum price risen to USD 1745/ton in 2H16 giving major earning trajectory.

G- Projected cheaper alumina in FY17 – lower material cost

H- Commission of Samalaju Port capable of handling Panamax vessels in Jul 2017 helping to cut inland logistics and shipping costs.

J-Expecting to generate FCFof>MYR1b pa

K-Management verbally committed dividend payout at 30-50%

L- Sensitivity analysis done by RHB – Al prices is volatile and no one can correctly predict the price movement. Also USD/MYR rate needed to be consider as well. A comprehensive Sensitivity Analysis executed by RHB has slightly lifted my many concerns.

M- High Leverage ratio
High spending on the projects is a big concern with free cash generation. At end Sep 2016 D/E=1.24. FCF generation >MYR1b per year – can use to redeem its borrowing.
FCF – also can use to reward shareholders as management verbally committed 30-50 payout ratio.

N-Current Al price surpassing USD2100.

Hi Ricky nice for u to pop up here. Sure can learnt alot from you as always. RHB had came up with 4 or 5 reports update on PMetal.

What are your comments on RHB analysis? Highly apprec ur kind high and low lites of those reports. Tq.

RHB website.


-------------------------------------
Posted by truthseeker516 > Nov 1, 2017 11:19 AM | Report Abuse

@bizfuneng where do you get the news? source?

Good luck

Can explain why ASB keep on sell, pls? Recouping previous losses?

PMetal TP 5.30 RHB.......Great!!!!

Report:
RECOMMENDED: BUY
TARGET PRICE: MYR 5.30
PRICE: MYR 4.43
The strengthening of aluminium prices has prompted us to raise our 2018-2019 earnings estimates by 13-33%. Nonetheless, we are maintaining our 2017 earnings forecast due to forward hedging. With its market capitalisation now in excess of MYR16bn, we also believe that the stock could be included in the FBMKLCI Index by the end of this year. We maintain our BUY recommendation with a higher DCF-derived TP of MYR5.30 (from MYR3.80, 20% upside).





Aluminium prices surpassing USD2,100/MT mark. Although management has taken up a hedging policy up to 1H18, the recent run-up in aluminium prices has opened up opportunities for management to hedge at much higher aluminium prices for 2H18 and beyond. Currently, aluminium spot contract at the London Metal Exchange is hovering at above the USD2,100/MT mark, the highest in more than three years, as China imposes restrictions on industrial output over winter to reduce smog pollution.



Possible inclusion in the FBM-KLCI Index. With the recent uptrend of its share price, Press Metal’s market capitalisation is now in excess of MYR16bn. With the company’s market capitalisation now ranked as 24th among FBMKLCI constituents, we believe the stock could be included in the index at the end of this year. We also think the stock could be included in regional benchmark indices. Having said that, local institutional holdings remain low at around 9%, while foreign institutional holdings are at 5.5%.



Key drivers include:



Commissioning of Samalaju Port in July (capable of handling Panamax vessels) would help to cut inland logistics and shipping costs;

Increased value-added production may help to enhance profitability;

Upward bias for the all-in aluminium price, with the spot contract at the London Metal Exchange hovering at above the USD2,100/MT mark;

Prolonged weakness in MYR benefits the company as a third of its production costs are denominated in MYR while revenues are in USD.



Forecast and risks. We revise up our aluminium price assumption to USD1,925/MT (from USD1,700/MT) for 2018, and to USD2,118/MT (from USD1,726/MT) for 2019 to reflect the increase in aluminium prices.As a result, our 2018-2019 earnings estimates are upgraded by 13-33%. Our 2017 earnings forecast is maintained. Key risks include downward pressures on aluminium prices, and a sharp weakening in the USD that may hurt its profitability. In addition, unexpected power supply interruptions at its smelting plant may damage machineries and disrupt its operations.

Maintain BUY with higher TP. We continue to like the company and maintain our BUY recommendation. Our DCF-derived TP is revised up to MYR5.30 after factoring in the revision in earnings estimates. Our new TP implies 2018F P/E of 23x, which is close to +2SD of its historical P/E – we believe this is justified given Press Metal’s projected 3-year earnings CAGR of 36%.

Up too fast......going attract day traders.

Fly,fly to the moon.....

Aiyoooooo.......hardly moved compare with Pmetal. Go to Pmetal loh.