After SIR report out, then we know who are shop lot auditors, who are shop lot directors...

haha, good news will be disclosed fast, bad news...you know i know lah...

https://www.theedgemarkets.com/article/bursa-announces-continued-suspension-serba-dinamik-share-trade-due-not-meeting-directive

Bursa asked them to disclose, they don't want, saying nonsense...

coming up, today just first day only

really cantik

every time it drops below RM 14, it recovers fast...

Steel rebar drop less than 1%, iron ore dropped more than 2%.... for steel producers profit margin is not affected. nothing has changed...

commodities price like zink, copper etc are recovering in international mkt now as supplies remained tight due to high power costs

https://news.metal.com/newscontent/101627591/China-Rebar-Inventory-Down-204500-mt-on-Week/

steel inventories are low, let see how long china govt can manipulate the price...

actually, serba directors should not be allowed to transact in any shares if they have known the results of SIR...

bursa does not want insider to sell stocks as they have material information on audit matter? Hardly we see bursa suspensed a particular stock... normally is requested by company...

https://news.metal.com/newscontent/101627591/China-Rebar-Inventory-Down-204500-mt-on-Week/

https://news.metal.com/newscontent/101627574/China-HRC-stocks-Down-118600-mt-on-Week/

i do not think china govt can press down the price artificially as it is determined by demand and supply, few days maybe lah. In international mkt, zink, copper have recovered well...

for those who missed, now maybe a good price to buy in stages because the price is artificially pressed down by china govt... price will be based on demand and supply

after steel price up so much, adjustment is normal...

china must control coal price. i do not think they can control commodities prices eps aluminium, steel, silicon etc which require high power usage...as power shortage will remain in next 2 quarters, at least

today drop is due to china control coal price causing coal price to limit down this moring, causing commodities to drop across the board.

But power crisis remains and winter is around the corner... price will recover fast

awaiting for good news that PMB will expand its capacity soon, ie phase 3 and phase 4 which will see capacity to double... of course there is a bit of speculation lah...

silicon metal still up about 270% (from the high of 314% early this month) since july this year. After up by over 300%, adjustment is expected...

Silicon metal up about 270%. PMB share price up by about 200% since July. Reasonable?

touching new high... I am happy that most investors make money

now again most investors make money on this stock...i am happy

haha, those who sold to take profit missing the chance to win big...

silicon shortage... price sure recover and test new high...

should recover now...

look like now uncle is OTB follower

Any link on related news...can share?

China limit steel productions, results in iron ore price to drop 6% due to drop in demand. As for ferro silicon, investors speculate such rule will result in drop of ferro silicon usage...but i do know it hits limit down.

silicon manganese and ferro silicon will need to be use not only for steel rebar for construction, but also for other applications like car industries, machine, parts etc...

With power crisis in China, India and Europe, price will remain elevated...today just technical adjustment...

price breaks 62 sen... OTB very happy today...

let it consolidates for few days...

silicon shortage..

https://klse.i3investor.com/blogs/hleresearch/2021-10-07-story-h1591936574-Aluminium_The_Beginning_of_a_Lengthy_Bull_cycle.jsp

Silicon is even beter....

good closing for the week above RM 15, all time high...trend very bullish. Fundamental : explosive earnings in next few quarter due to silicon shortage.

Sam and genetech are low tech cnc player only. stocks are goreng stock without fundamental

PMB Tech is producer of silicon, barrier to entry is much much higher than Sam n Genetec

This could be the reason why ann joo price shoot up. But Hiaptek now power...KYY holds too many shares? Operators don't want Kyy to profit too much...

https://edition.cnn.com/2021/10/06/energy/india-energy-crisis-coal-hnk-intl/index.html

Perfect storm for steel and silicon producers PMB Tech

India is the second world biggest producer of silicon after China. India also one of the largest steel producers of the world. Now the world having silicon shortage as silicon price surged over 300%. Steel maybe still not yet as there are many steel producers. Let see how the energy crisis situation in China n India evolves

https://edition.cnn.com/2021/10/06/energy/india-energy-crisis-coal-hnk-intl/index.html

Good news for silicon and steel producers

https://en.wikipedia.org/wiki/List_of_countries_by_silicon_production

India is no. 3 silicon producing country. Now same as China, India power crisis going to start...

jaks at best is goreng stock. I agreed with Sslee that one should stop promoting Jaks here.

Jaks solar project under LSS4 will not making any money if current price of silicon,steel and aluminium price remained and will like to remain for some time.

The recent private placement for its solar project will be dillutive and it is not in the best interest of shareholders and will reduce EPS again.

Only Vietnam power plant is making money, all other projects are losing money.

forget about jaks lah. Lousy mgt led by ALP. Once the mgt is lousy with endless PP or RI, you should not touch the stock of the company.

profit taking and consolidating are required and healthy sign before can move further lah...Do not expect a share to go up every day....

Yes. and now there is shortage of silicon due to power crisis in China and EU and barrier to entry is high...you must have hydro power plant to supply cheap power to silicon smelter like PMB...

silicon shortage worldwide lah...due to China and Europe Power crisis

Many shouted steels like i3 famous KYY and OTB on steels, but steels no short supplies with many producers. Silicon is difference..

contra players all still make money.

Surprise... price recover very fast. PMB gives me best return in my portpolio this year...

profit taking as expected...how long will it take....

I hardly see so many people scolding the company CEO or mgt for being lousy in i3 etc except for Jaks and Serba.

Even glove stock a lot of people stuck high, no one is scolding the mgt for being lousy...

Jaks management again is the "winner"...

Also Jaks has too many retail investors stuck, as such ALP needs to press so low to wash them out. And Jaks has a money printing power plant.

Other business no performing(as long as not loss more than RM 10m) is still ok...

Haha, ALP never appreciates jaks investors at all. This wash out is very lengthy and a lot of investors cut hands and legs, no longer cut loss. Newbies better avoid Jaks...

When invest in a company, an investor must ask himself : Does the company has a creditable and competent management?

It will take time to do way with coal. There should be no immediate stop everything. That is not how things operate...

No one know, including toyo on details of president Xi brief address in UN. All are awaiting for formal dpolicy on coal financing with details latter on.

https://www.voanews.com/a/china-vows-to-stop-building-coal-plants-overseas-but-what-does-that-mean/6246911.html


Not all climate experts are so confident. That’s because Xi’s promise, made during a speech Tuesday at the U.N. General Assembly, was brief and has not yet been translated into concrete policy.

Xi’s speech did not specify when Beijing would stop building coal power plants overseas. He also did not say whether the new rules would apply immediately or be phased in. Those factors could be crucial for many China-funded coal projects currently underway, since the plants typically have a lifespan of several decades.

“The Chinese government will face a lot of resistance within China from coal interests opposed to restrictions on their market,” says Christine Shearer, program director for coal at Global Energy Monitor, which documents fossil fuel projects worldwide. “However, we also know that when the Chinese government decides to do something, it can do it more swiftly and broadly than most countries in the world.”