price movement has just been tracking the movement of aluminium on LME.

http://www.lme.com/metals/non-ferrous/aluminium/#tab2

price has risen from 1680 - 1900 over the last 6 months. thats has been the main driver.

however, that is only because indonesia has banned bauxite exports (demanded by RUSAL to justify building a smelter there).

where is press metal getting its bauxite from? - which means costs are also going to go up for PMETAL

this is from reuters in Jan, just as the LME price was going up...

Indonesia's export ban to curb China aluminium expansion
Thu Jan 30, 2014 7:49pm EST
Basic Materials »
* Indonesia supplies about 60 percent of China's bauxite import
* China has around 10 months of bauxite stockpiled - analysts
* Gap of around 10 million tonnes of bauxite possible - Macquarie

By Melanie Burton
SYDNEY, Jan 31 (Reuters) - China has found an inadvertent ally in its efforts to slim down a bloated aluminium sector, with Indonesia's ban on exporting metal ores set to boost costs of the raw material bauxite and pile more pressure on struggling smelters.

Beijing has been issuing broadbrush rules aimed at reining in overcapacity in sectors such as aluminium and steel for about a decade, but plans have usually been thwarted by resistance from local governments anxious to boost growth.

In the aluminium sector, ageing and inefficient smelters are already grappling with rising power prices, but now face potential bauxite shortages after Indonesia halted ore shipments on Jan. 12, as part of efforts to make miners process minerals at home.

China is the world's biggest aluminium producer and curbing expansion could ease a global surplus of the metal and even lead to the country resuming sizeable imports of refined aluminium.

It is also likely to provide support to the price of a metal that has been depressed for years.

"(Indonesia's ban) will have a huge impact on the Chinese aluminium industry in the medium term," said Citi China commodities analyst Ivan Szpakowski.

http://www.reuters.com/article/2014/01/31/indonesia-china-aluminium-idUSL6N0KO0D020140131

the free float is small. so the price can be easily manipulated (up/down). better watch out, if you didn't get in early....

current PE (TTM) = 119

this is truly a keeper!

latest financial results like this....

F.Y. Quarter Revenue Profit before Tax Profit Profit Attb. to SH EPS DPS
2013-12-31 2013-12-31 805,886 -8,715 -40,811 -28,411 -5.58 1.00

can lead to a breakout. nothing ceases to amaze!

big aluminium breakout. haha check out the other counters like LBALUM and PMETAL

vincent. what about those that already grabbed @ RM 4?

what rubbish are you talking. bursa is bursa. they are an exchange. the make money from listings (IPOs), data feeds, transactions etc. they aren't market makers.

UMA is there for a reason. if you don't listen, then its your own fault.

aiyah, stop blaming bursa. they already warned you twice via UMA. you made the decision to buy, so deal with it.

not sure if someone has posted this, but some wise words from Mr Alex Lu courtesy of his blog - http://nexttrade.blogspot.com/

Dsonic: Where is the support?

Dsonic broke its strong horizontal support at RM3.50 this morning. It broke its psychological support at RM3.00 this afternoon. It is now rebounding off the horizontal support at RM2.70. Is the worst over or has it begun? Who knows...

If you are really nimble and you can take the risk, the RM2.40 level is a good level to take a punt on this stock. Still I would be quite surprise if the stock would break through 2 support levels in one day. Thus I believe the RM2.70 support will hold for now.

My earlier caution for not-so-good traders still remain. Be careful with Dsonic.

i don't know. could go up. could go down. i'm not in it . not for me la.

side note - it is making a ton, a TON of money from its passport scam. earnings are through the roof.

Post removed.Why?

listen, @ IPO was 0.40 sen (post-split). therefore, even now, the early birds are sitting on a nice profit of over 715% at todays price. Those that bought at RM4+, i can't even imagine what you were thinking ...

there has to be enough dumb players to feed the smart ones.

they all mostly talk cock. mostly.

dead duck.

looks like Karex is catching the DSONIC bug.

hey how come the glove counters are affected by the water crisis and higher gas prices. this company immune ke?

isn't this company also making 'gloves' for something else?

Everyone trading this counter should also be holding Bursa stock since you're all creating the massive revenue for it.

Post removed.Why?

anyway, those that bought at IPO still sitting on a MASSIVE profit.

only when the price crashes, accusations of 'price manipulation' get thrown around. how come no 'price manipulated up' theories huh?

many traders are now locked into a 'long term' dsonic investment.

just imagine a number, but must be less than current price haha

any price you want can also

GAP down perhaps???

slip sliding away. oh no

sliced through support @ 2.70 like hot knife on butter....oh boy

will double down if it drops back to 0.35

its a wee bit early to sell this counter, no?

not to mention that this has happened in record time. for sure there will be a big correction. it is only natural.

common lah. don't play dumb dumb. this stock has gone from around 40 sen to 4.75. how much higher were you expecting?

stay away. do not buy this lousy company.

payday loan company. this stock sucks bigtime! buybacks only to bail out big investors.

plunging into the indian ocean. oh boy. the game is over.

karex could be next...

who forced you to buy? take some responsibility for actions la.

thats your problem if you do dumb things and buy expensive call warrants

a lot of margin calls that is for sure

head and shoulders technical reversal?

limit down?

4.80 DROP TO 2.80 - transponder turned off. radar not detecting. #prayfor5216

badly affected by the 'heartbleed' bug.

DSONIC - OTHERS DATASONIC GROUP BERHAD (“DATASONIC”) SHARE SALE AGREEMENT BETWEEN DATASONIC AND FORMOSA PROSONIC INDUSTRIES BERHAD

Announcement Type: General Announcement
Company Name DATASONIC GROUP BERHAD
Stock Name DSONIC
Date Announced 9 Apr 2014
Category General Announcement
Reference No DG-140409-BFC91

Type Announcement
Subject OTHERS
Description DATASONIC GROUP BERHAD (“DATASONIC”)
SHARE SALE AGREEMENT BETWEEN DATASONIC AND FORMOSA PROSONIC INDUSTRIES BERHAD

The Board of Directors of Datasonic wishes to announce that Datasonic has on 9 April 2014, entered into a Share Sale Agreement with Formosa Prosonic Industries Berhad (Company No. 172312-K) for the acquisition of 24,861,790 ordinary shares of RM1.00 each, representing 99.45% of the equity interest in Asia Pacific Card & System Sdn Bhd (Company No. 418808-K) together with its wholly-owned subsidiary, Constant Ahead Sdn Bhd (Company No. 656294-M) for a total cash consideration of Ringgit Malaysia Twenty One Million Eight Hundred Seventy Eight Thousand Three Hundred Seventy Five and Twenty Sen Only (RM21,878,375.20).

Please refer to the attached file for the details of the announcement.

This announcement is dated 9 April 2014.

endless possibilities to hit PN17?

not quite yet. but getting closer.

looking good. on its way to 1.50 in less than 2 months.

Malaysia changes final words of MH370 pilot
Authorities change pilot's last words to control tower, amid criticism of their handling of MH370 disappearance.
Last updated: 31 Mar 2014 18:42

Malaysia says the plane was likely to have been diverted deliberately far off course [AP]
The last words spoken by one of the pilots of the missing Malaysian Airlines plane to the control tower were "Good night Malaysian three seven zero", Malaysia's civil aviation authority said, changing its previous account of the last message as being a more casual "All right, good night."

The correction of the official account of the last words was made as Malaysian authorities continued to face heavy criticism for their handling of the disappearance, particularly from families of the Chinese passengers on board Flight MH370 who have accused Malaysia of mismanaging the search and withholding information.

"We would like to confirm that the last conversation in the transcript between the air traffic controller and the cockpit is at 0119 (Malaysian Time) and is "Good night Malaysian three seven zero," the Department of Civil Aviation said in a statement on Monday, according to the Reuters news agency.

Malaysia's ambassador to China told Chinese families in Beijing as early as March 12, four days after the flight went missing, that the last words had been "All right, good night."

"Good night Malaysian three seven zero" would be a more formal, standard sign-off from the cockpit of the Boeing 777, which was just leaving Malaysia-controlled airspace on its route from Kuala Lumpur to Beijing.

Minutes later its communications were cut off and it turned back across Malaysia and headed towards the Indian Ocean.

Search effort

More than three weeks later, a huge international search effort is taking place in the southern Indian Ocean,off western Australia, but has so far failed to turn up any wreckage.

The statement from the aviation authority came after Acting Transport Minister Hishammuddin Hussein was questioned at a news conference on Monday about the last words from the cockpit and fended off demands to release the official transcript.

The statement said authorities were still conducting a "forensic investigation" to determine whether the last words from the cockpit were by the pilot or the co-pilot.

Previously, Malaysia Airlines said the words were believed to have come from the co-pilot.

The civil aviation department said the investigating team had been instructed to release the full transcript at the next briefing with relatives.

Malaysia says the plane, which disappeared less than an hour into its flight, was likely to have been diverted deliberately far off course.

Investigators have determined no apparent motive or other red flags among the 227 passengers or the 12 crew.

About two-thirds of the passengers were Chinese nationals.

-------------more b.s. from those in charge-------------

http://www.aljazeera.com/news/asia-pacific/2014/03/malaysia-changes-final-words-mh370-pilot-2014331175241806242.html

--------typical, can't take responsibility. must accuse others--------

Interpol hits back, says Home Minister has not learned from MH370 tragedy
Business & Markets 2014
Written by Surin Murugiah of theedgemalaysia.com
Monday, 31 March 2014 08:07


A + A - Reset
KUALA LUMPUR (March 31): The responsibility or blame for the failure of Malaysia not to consult Interpol's Stolen and Lost Travel Documents (SLTD) database before allowing travellers to enter the country or board planes rests solely with Malaysia's Immigration Department, according to Interpol.

“Interpol has no idea why Malaysia’s Home Minister chooses to attack Interpol instead of learning from this tragedy,” it said.

In a scathing rebuttal on March 30, Interpol said the failure of the country to consult Interpol could not be defended by falsely blaming technology or Interpol.

“Interpol’s SLTD database takes just seconds to reveal whether a passport is listed, with recent tests providing results in 0.2 seconds.

“The fact is that the US consults this database more than 230 million times per year; the UK more than 140 million times; the UAE more than 100 million times and Singapore more than 29 million times. Not one of these countries, or indeed any Interpol member country, has ever stated that the response time is too slow,” it said in a statement.

Interpol said the truth was that in 2014 prior to the disappearance of Malaysia Airlines Flight MH 370, Malaysia’s Immigration Department did not conduct a single check of passengers’ passports against Interpol’s databases.

“Consequently, two individuals possessing stolen Austrian and Italian passports were able to board MH 370.

“Had Malaysia consulted Interpol's SLTD database, the fact that both passengers were using stolen passports would have been discovered almost instantaneously,” it said.

It said the country’s Immigration Department owed it to all passengers boarding flights originating in, or passing through, Malaysia to make sure that passports registered as stolen or lost in Interpol’s databases cannot be used to board any flight.

“In this regard, despite this unjustified attack on Interpol, we remain ready, willing and able to help Malaysia better safeguard its citizens and visitors from those seeking to use stolen or fraudulently altered passports to board planes.

The international policing organisation said that after years of witnessing countries fail to consult Interpol’s SLTD database prior to allowing travellers to cross borders and board planes, it created I-Checkit which will allows airlines and cruise lines to ensure that no passenger can use a stolen or lost passport registered in Inetrpol’s database to board one of their planes or ships.

Interpol hits back at Malaysia claim that int’l police to blame for MH370 passport confusion
Published time: March 29, 2014 01:36 Get short URL
Accident, China, Police, Politics, Scandal, Security

Officials from Interpol refuted a claim from Malaysia Friday in which the government said it could not check through the international police agency’s passport database because the process was too much of a burden.

As international investigators continue their search for the missing Malaysia Airlines flight that disappeared weeks ago, the Malaysian government revealed it had not checked the passports of the missing passengers with Interpol’s database, which lists stolen passports.

Interior Minister Zahid Hamidi told the Malaysian parliament Wednesday that Interpol’s vast database of lost passport records was “too large” and would be too much for Malaysia’s database management system, according to Reuters quoting the local Malay Mail Online.

“Furthermore, Interpol’s information of lost (passports) may slow down the process of immigration checks at counters,” Zahid said.

Two passengers were able to board flight MH 370 with stolen Austrian and Italian passports. The plane, which has still not been recovered, was last tracked over the South China Sea on March 8 with 239 people on board. The authorities have said they do not think the two passengers in question had anything to do with the mystery.

Interpol has taken exception to the country’s assertion. The Lyon, France-based agency said Friday that no member country has ever complained that the process is too slow, in part because it takes under a second to find out if a passport is listed as stolen.

“Malaysia’s decision not to consult INTERPOL’s Stolen and Lost Travel Documents (SLTD) database before allowing travellers to enter the country or board planes cannot be defended by falsely blaming technology or INTERPOL,” it said. “If there is any responsibility or blame for this failure, it rests solely with Malaysia’s Immigration Department.”

Frustration with Malaysia stretches far beyond the offices of Interpol, though, as a large boycott of all things Malaysian has been organized in China in response to what millions of people perceive as a flawed investigation.

Barbara Demnick of the Los Angeles Times reported on Friday that the families of the missing passengers who have gathered at Beijing’s Lido hotel since March 8 protested a Malaysia Airlines press conference rather than listen to another update. There were 227 passengers onboard the flight, 153 of them Chinese.

“I just want to say to the Chinese families – it is not just them,” Malaysian transportation minister Hishamuddin Hussein said Friday at a press conference in Kuala Lumpur. “Fourteen other nations have lost family members.”

A number of Chinese ticketing agencies have prohibited the sale of airplane tickets to Malaysia, with a spokesman from eLong travel saying the agency would keep the policy in place “indefinitely until the Malaysian government and Malaysia Airlines release every piece of information they have in order to find out the truth of the missing flight as soon as possible.”

--------blaming interpol, not taking responsibility for f-ups-------

--------m-boleh, yea?------------------

--------http://on.rt.com/x6b21b------------

TOURISM MINISTRY some more. Isn't it Visit Malaysia 2014??????