what is your target price close for today, qwerty?

qwerty did mentioned its early in the morning...peacemaker..

Press Metal - Fundamentals Solidly Intact

Author: kiasutrader | Publish date: Mon, 29 Sep 10:00

Our conference call with Press Metal’s group CEO Dato’ Paul Koon gave reassurance that it was business as usual and the outlook of the aluminium market remains upbeat. We continue to like the company, as it is a world-class low-cost smelter in the first quartile of a global cost curve. As Press Metal is well-positioned to ride on improving aluminum fundamentals, we reiterate our BUY call and MYR8.30 FV (42% upside).

Straight from management. As Press Metal’s share price plunged froman all-time high of MYR7.46 to its low of MYR5.32 over the last three trading days, we hosted a conference call for institutional investors to speak directly with group CEO Dato’ Paul Koon on the latest developments in the company and aluminium industry last Friday.

Still well on track. Dato’ Paul confirmed that he was not aware of any bad news concerning Press Metal’s operations or the aluminium industry as a whole. While he said that aluminum prices on the London Metal Exchange (LME) may have dipped after the spot price surpassedUSD2,100 in August, he deemed the recent correction as healthy. The premium paid over the LME cash price hit a record high, as the 4Q14 premium for the Japanese market was recently set at USD420 vs USD255/USD365/USD404 a tonne in 1Q/2Q/3Q respectively.Meanwhile, his bullish expectation of the aluminium market, on the back of: i) capacity cuts over the past few years, ii) moderate demand growth, and iii) the absence of new smelting capacity outside China beyond the few facilities that are currently being ramped up, is in line with ourinvestment thesis.

Reiterate BUY, with a MYR8.30 FV. We continue to like Press Metal, as it is a world-class low-cost smelter in the first quartile of a global cost curve, thanks to its competitive 25-year power purchase agreement (PPA), state-of-the-art smelting technology and strategic plant locations.The improved market dynamics are timely as its smelters have returned to optimum production levels. As we believe the recent selldown in its share price was not on a fundamental basis, we recommend investors to BUY on weakness. Our MYR8.30 FV is derived from a 10% discount to our fully-diluted DCF, implying undemanding 2.4x/2.1x P/BVs and 17.0x/11.9x P/Es on FY14F/15F estimates respectively.

6.22 now everyone...bullish..bullish time!!

CEO Datuk Paul Koon said "As Press Metal is well-positioned to ride on improving aluminium fundamentals, we reiterate our Buy call and RM8.30 fair value (42% upside), it said.

and read this

http://www.theedgemalaysia.com/business-news/309299-press-metal-advances-as-fundamentals-seen-intact.html

From the news : "We expect the FBM KLCI to stabilise its downside momentum and quietly grind higher, taking advantage of the Budget play & the bargains in the Malaysian blue chips after five straight weeks of correction, he said" By Dr Nazri Khan.

Read this...

http://www.theedgemalaysia.com/business-news/309284-market-open-klci-edges-up-in-early-trade-select-blue-chips-lift.html

i believe today it will start to uptrend before bonus news out!!

ok qwerty ..uptrend again...

what is good behind that Selim?

hopefully strted nxt monday will be sunny day for PMETAL..

so 5.90 is the cut price rite now? is it? i saw that buying vol more than selling rite now..very consistent..

5.90- 5.92 NOW...it is sign of rebound?? 5 days drop, must be nxt monday will a bullish day...or it's a

Good news!! this is we want to know, whether it is still stable or not..

wat is the rock bottom price for this? now..

everyday drop habis2..

but why only happened to pmetal??? why not others counters too??

So truk like that kah pmetal??? Hurrmmmm..heartbreaking now!!!

Will it drop again tomorrow????????????? Speachless !!! :(((((

Why are this thing happened to blue chip stock??? Pmetal is really make people dying wat??

I'm dying. .don like tat lah pmetal...

nite mare with PMETAL rite now....

jump in from 6.73 to 6.78 just now ...what say u qwerty?

i'm so heartbreaking to hear this..... hurmmmmmmmmm....

So, qwerty, it's mean tat there will no uptrend for this counter at this moment lah?

almost 60cents drop arrr....tis is the worst!!

why?? why?? PMETAL???...so & too mucchhh drop!! can uptrend again meh this counter?

360capitalist ?? any idea??

lowest now is at 6.85?? why pmetal drop so much??? what is really happening to pmetal rite now??

drop too much ...habislah ini mcm...very2 disappointing ...

keep on dropping since last monday until today...

pmetal is still sleeping...what happens?

tq qwerty for the infor...i think it's start to rebound..

Lhopefully it will rebound tomorrow. Seem that almost two weeks Pmetal not that active...wondering what happens with this pmetal..down to much today..

then? qwerty what is your opinion/analyst rite now? it's break 7 just now..

Where is qwerty? Close at 7.13 ..now what is the nxt trend? Qwerty and 360capitalist?

with a very small volume today...normally Pmetal is not like this...some of the day, need to be silent i think...

why is he deleting his posting? 360capitalist, any new infor to share with us?

Have a nice weekend everyone!

hahhaa...ok2 qwerty....just joke! (now in serious mode) ....please continue ur analyst..

qwerty, the lowest price just now is at 7.17 ..n suddenly move to 7.25.. still got big fish waiting down there...

Yes, I believe in qwerty and 360capitalist analyst ...surely by nxt week the price sure go more higher...

why qwerty? what do u think that way? mind to share?

the KLCI also in Green rite now...

ok tq 360capitalist...same as what I think today...Pmetal is always the best..

360capitalist, do u think it will fall that much today? as per abudance statement as per above.

Bonus issues news coming

TQ qwerty for the explanation of conversion from warrant to sarawakian... so qwerty, what is ur prediction for tommorow rate? mind to share?

expected up again by this afternoon and tomorrow..