haha, it is time to take some profits on MPI. Not chicken rice but can eat one month abalone...

good chance to buy low...

From recent low of RM 25, to RM 36 ++ rebound around 45%....Keng

local steel stock price cannot move...
It is because steel is too common and many producers around with big capacity esp China and India.... or due to raw materials also increased a lot? or

Personally l like specialty commodity producers in Msia like Pmetal, PMBTech and MSC...

I think both sifu Purebull and OTB also like MSC.

I also quite like MSC...

not very fair leh...

haha, when down badly scold sifu, must have follow sifu tips and lost money?

When up, all very quiet....

Rebound from RM 25 to RM 35 or 40% in about 1 week time....

why fighting? Today mega sales not only in Msia but also HK Mkt... You should be busy fishing for cheap sales during this panic selling...

Effect should be temporary

中国释放大豆库存 原棕油价大跌10%

https://www.enanyang.my/%E5%9B%BD%E9%99%85%E8%B4%A2%E7%BB%8F/%E4%B8%AD%E5%9B%BD%E9%87%8A%E6%94%BE%E5%A4%A7%E8%B1%86%E5%BA%93%E5%AD%98-%E5%8E%9F%E6%A3%95%E6%B2%B9%E4%BB%B7%E5%A4%A7%E8%B7%8C10

keng, rebound about 20% in 2 days time...

very solid counter.... lots of counters drop badly today and last few days but PMB Tech price still stay firm

Today or rather this week should be happy day to fish cheap stocks slowly...

PE becomes less than 20. Another change to buy on dip for short term rebound?

Bought Airport, sold some BPlant which has almost reached my target price with over 40% gain in less than 1 month

The stock market is forward-looking as it places more emphasis on what is expected to happen in the future, not the past..

Let see next week got any chance again.

Nasdaq dropping again...

SOP is the most undervalued palm oil stock if based on current quarter EPS of 36sen...rolling PE is only 6. forward PE could be even lower

In the prospect note, management highlights long term catalysts for metallic silicon - the IRREVERSIBLE GLOBAL MEGATRENDS of a more sustainable and greener future. Metallic sillicon is a key raw material in the value chain of the production of electric vehicles, solar panels just to name a few.

PMB Tech with current mkt cap RM4.4b on path to be next Pmetal with current mkt cap of RM 55b. Along the way, there many be profit taking and adjustments...

As investor of Jaks, you must understand that you buy jaks as a company which includes loss making property business, loss making construction business, poor sub standard management.... not just power plant.

Why not? You buy 1000 shares, you made should make over RM 1000. Now up RM 1.26 from RM 35.10 yesterday close. Yesterday most of the time was traded below RM 35 in the afternoon session. I managed to get at RM 34.90

I have some respect to Aaron Tan, at least he congratulates all making money. And this forum should allow difference views as long as no personal attack or simply create fear.

Current quarter EPS is 51.44 sen, what a fantastic result

Beyond the current uncertainties, irreversible global megatrends of a more sustainable and greener future augurs well for the metallic silicon industry as it is an essential raw material in the value chain of the production of electric vehicles, solar panels and other resource and energy saving end products.

Don't know what shares Aaron bought? Only metal, O&G and Palm oils are doing well...

fantastic... all negative news like war also cannot bring down the price of PMB Tech

Btw, Russia is the world second largest producer of silicon

Why fight in this forum....

Today should be a good day for those with right strategy.

haha, got chance to make Charles famous chicken rice short term...

Plus, PE of 20 is not expensive

Pmetal results will be announced friday. PMB Tech should also be announced on the same date...

loan interest reduced by over RM 10m per quarter due to improving cash flow every quarter.

Results should improve every quarter unless there is one off impairment that we don't know...

UOB Reseach

Mining to lead the earnings growth.

MSC’s mine managed to increase its average daily mining output to 11mt/day (from 8mt/day) in 2021 as it explored new deposits and utilised new technology. MSC will continue to boost its mining output to 12mt/day by 2022. In addition, MSC commenced mining activities at Sungai Lembing, Pahang last year with minimal average production of 100-200kg/day. In the next 1-2 years, the mine is expected to gradually produce over 1,000mt/year. MSC is also in the midst of finalising some potential JVs to expand its mining activities in the area surrounding RHT, which will further increase its mining output. However, since mining exploration is a time-consuming activity, we expect the earnings contribution will only be generated in the next 4-5 years.


• Margins improvement from the new smelting plant.

Smelting’s margin improved qoq from around 4% to 7% in 4Q21, partly due to utilisation of the new plant. The eco-friendly plant at Pulau Indah is now fully operational as evidenced by our recent ground checks. It boasts production costs that are at least 20% lower than the old ones in Penang as it has better efficiency via its single-stage smelting (vs multistage smelting process used
previously). The plant also has a 50% higher production capacity (60,000mt) while requiring >40% less manpower. MSC has also commenced the smelting of about 7,258mt tin intermediates at its Butterworth smelter in 3Q21, which will take about two years to complete. This will help to gradually boost its smelting earnings going forward.

• Prolonged rally in tin prices to boost earnings in 2022. As of 18 Feb 22, tin prices
continue to surge to new highs (over 100% yoy) to US$44,150/mt. In China, the temporary
shutdown of some smelters for maintenance and the disruption of tin ore imports from
Myanmar further disrupted China’s refined tin output. In Indonesia, there have been delays
to private smelter export licenses by the government that fueled speculation and pushed
prices higher. Although global production in 2021 improved 11% yoy to 378,400mt, tin deficit
is still expected to rise 24% yoy in 2022. As such, while prices may ease gradually in 2022
as supply improves, we believe prices will remain higher than the historical average of
around US$18,000/mt. The spike in production cost due to inflationary pressure and power
crisis amid the decarbonisation agenda will lend further strength to tin prices.


EARNINGS REVISION/RISK

• Raise 2022-23 net profit forecasts. We raise our 2022-23 net profit forecasts by 21% and
15% to reflect better margins and we increase our tin price assumptions from US$34,000
and US$30,000 to US$36,000 and US$32,000 per mt respectively, reflecting the prolonged
rally in tin prices. We also introduced our 2024 forecast with price assumption of
US$30,000/mt. Based on our sensitivity analysis, every US$2,000/mt rise in our tin price
assumptions would boost earnings by about 12% a year.


VALUATION/RECOMMENDATION

• Downgrade to HOLD despite higher target price of RM4.45, as share price rally almost
reflected the intrinsic value. Our target price implies 10x 2022F PE (five-year mean PE). If tin
prices remain at the current high of US$44,000/mt in 2022, it could result in a 10% upside to
our target price at RM4.89 (8x 2022F PE). Our blue-sky earnings suggest a potentially
higher target price of RM5.37 (8x 2022F PE), -1SD to its five-year PE mean.

Russia is the second largest producer of silicon.

PMB Tech is a good hedge against war and inflation...

Bought some MSC as hedge against inflation and war... like its recent quarterly results also

Now portpolio have palm oil and metal namely PMB Tech and MSC as hedge against inflation.

Yes, thumbs up to Charles...

alamak uncle compares apple with orange again...

this company is a low tech metal stamping company with a lot of mkt players, nothing special...

A lot of people kena con....

Just my guess only....

Private placement is underway, likely 90sen to RM 1. Big boys need to sell and should have done the sale between RM 1.15 to RM 1.30 to subscribe for private placements...

from 70sen++ till RM 1.30, good enough for operators. I was here when it was 70sen+.

Remember don't chase high and don't catch the falling knife....

look like game over?

Russia is the second-largest producer of silicon in the world, with its production estimated at 580 thousand metric tons in 2021. The total global silicon production in 2021 amounted to an estimated 8.5 million metric tons.

Russia Ukraine tension may cause silicon price to increase further as well. This tension has been priced in as PMB Tech has good run lately.

Let see the quarterly result which may not be priced fully in yet...

That is correct based on my channel check as i have highlighted about 6 months ago.

The best is ALP is do nothing and earn his salary every year. Only profitable venture is Jaks power plant....

.............................

Windy1974 Jaks is so quiet now. So i decide to contribute something but is detrimental to JAKS and many in solar.
Petronas is going green so they are looking for build and owned solar vendors. Naturally, i have been seeking advise from solar materials suppliers to look at the feasibility. After my discussion with them, i decided not to. Below are summary since i don't feel like a story today.
1. Cost per kw in the region of 0.22 sen +- . So if this is true, all LSS4 gonna lose money. According to supplier, only LSS1 operational now with price then more than 0.30+. Means JAKS after Vietnam, everything else still negative. As i said before, best ALP can do is to do nothing and earn his salary every year.
2. With the costing, not only any LSS2/3/4 investments bad ideas, solar contractors too. I heard margin is less than 10%. So, be very cautious if a contractor showing more than 10% margin!!
Hence, going forward, you would likely only see build and owned model. It's become a capital intensive and low return industry. Not for me

Pmetal mkt cap is around RM 56b. About 7 years ago, its mkt cap is about the same as PMB Tech current mkt cap.

Let see how far PMB Tech can go....

RHB analyst report give projected Profit of PMB Tech around RM 800m when the project profit of Pmetal (PMB Tech is an associate of Pmetal) few months ago.

By using RM 800m profit (forward profit), it will give PMB Tech mkt cap RM 8b based on PE of 10. Pmetal used to have PE of 20 to 30.

about time to take profit on balance shares of Dnex as right issue or private placement is coming for its expansion plan...

i have been thinking when to sell my last batch of DNEX every day...

Right issue or private placement is coming. They need to goreng up now...

after Genetec, Sam, MPI etc, now superstocks are Dnex and PMB Tech...

Those still not onboard, it seems too late to chase as risk is getting higher and have little margin of safety.

What is the next superstock?

CGS-CIMB starts coverage on Dagang NeXchange, target price RM1.60

Surin Murugiah

theedgemarkets.com

February 16, 2022 08:10 am +08

CGS-CIMB starts coverage on Dagang NeXchange, target price RM1.60
-A+A
KUALA LUMPUR (Feb 16): CGS-CIMB Research has initiated coverage on Dagang NeXchange Bhd (DNeX) at RM1.13 with an “Add” rating and target price of RM1.60.

In a note Wednesday (Feb 16), the research house said DNeX is well positioned to benefit from SilTerra’s turnaround, underpinned by on-going semi chips shortages and structural shift towards More-than-Moore (MtM) devices.

The research house said it is projecting SilTerra to invest over RM900 million capex in FY22-24F.

“The group plans to increase its mask layer (ML) capacity by 20% to 10m ML/annum by CY23F.

“We expect SilTerra to secure two new long term agreements (LTAs) in 1HCY22F that will take up 80% of its capacity,”it said.

CGS-CIMB projects DNeX to post a 3-year core EPS CAGR of 453% (FY21-24F) driven by 1) higher wafers ASP, 2) higher wafers production volume on the back of new capacity expansion, 3) higher average crude oil prices for Ping Petroleum Limited (Ping), and 4) higher production volume at Ping on the back of its new capex programme.

“DNeX also enjoys a lower effective tax rate given that SilTerra has over RM12 billion as of Jul-21 in unrecognised deferred tax assets that could be offset against its future profits.

“Note that we have yet to account for: 1) contributions from emerging technology platforms like silicon photonics that command premium ASP, and 2) commercialisation of Ping’s Avalon oilfield,” it said.

alamak compared apple with orange...

My DNEX gained over 38% in just a month. Really cannot believe it...