http://www.malaysiastock.biz/Company-Announcement.aspx?id=1019544

Bro @telus , if you can recall she sound like that lady @lily , after selling her Pmetal she would just hope Pmetal jatuh longkang ...

@wikioon n @boleh , I was waiting for her to inflict more fear in this forum , like the Malay peribahasa " ada udang do sebalik batu " , all she wanted is to buy cheap Pmetal share .
I would say : "@Chloe Tai , nice try but you're using pasar malam or rather kindergarten tricks to do fishing in this learned pool , it doesn't work here,! " if you can't understand then perhaps I can use kindergarten lingo to tell you .

Yesterday she was trying her best to apply fear psychology regarding 50.111m WC conversion to mother share , claiming it's going to flood the market today or by before ex dividend but it was shoot by @wikioon n me .

Today she step up by using her simple standard 6 mathematics timetable , 9 x 5 = 45 to fish for cheap ticket , plz go pasar malam la , you may be able to get some fish there .

Since you @ChloeTai, concluded the 9x5 =45 scenario will materialise , my kindergarten advice to you : Please sell all your Pmetal before the share price run down to 4.63 on 12/12/17 ( As per your crystal ball reading stated above ) or else you will have to pawn your bra n undies to pay your loses . It will be ugly for you to run naked as you still need to survive in your pasar malam fortune telling .
Cheers to Pmetal , Boleh and Tetap Boleh .
I apologize to all genuine and constructive shareholders/forumers here for being using quite hash lingo today .

@ChloeTai , I do understand your phobia and wary on the additional 50.111m new shares converted from WC to mother as most of us used our hard earned money to invest in Pmetal.

May be my humble opinion can provide some ease to your worries . 50.111m WC was converted with a 39 cents share premium very transparently certainly not in a opaque transaction. The convertion share premium for this transaction amounting to approx RM19.55m as compare to RM 751,666.66 of dividend (which will go ex on 13/12/17 ) to be received by the said shareholder , from here we should agree that the stakeholder/stakeholders are of deep pockets and they are certainly major n long-term shareholders .
Why so ? Let us goes back a little on the history of Pmetal WC , this warrant was executed on 29/07/2011 with a ratio of 1 : 3 ( 1 RI for every 3 mother share @ a subscription price of RM 2.20 ) As ourselves , how many of can afford to fork out RM 110m to subscribe , if it's not the Koon family who else ?

I concurred fully with @wikioon that the possibilities of this new additional 50.111 shares are more towards corporate restructuring perspective and to meet supply and demand especially after Pmetal being included as a component constituents of FBMKLCI especially from strong foreign and local institutional investors . Being a member of the main component index ( FBMKLCI ) , the weightage for foreign big fund or foreign sovereign retirement fund can be much higher or with no restriction for them to invest unlike second index.

The Koon family , which is the major shareholders and controlling stakeholders of Pmetal will certainly have to increased their controlling % to safeguard their corporate interest , they being the largest holders of WC can't easily convert it to either offer to institutional investors or for their corporate interest.
Cheers to Pmetal , boleh and Tetap boleh !

With today's additional listing of 50.111millions shares , Pmetal market capitalization value increased by approx RM 260m , by virtue , it's market cap ranking is above RHB.
FYI :
30/11 - 123,708,400 shares WAP - 5.1728
04/12 - 18,513,500 shares WAP - 5.2039
05/12 - 9,823,600 shares WAP - 5.1529

http://www.theedgemarkets.com/article/worldwide-semicon-manufacturing-equipment-billings-30-yoy-us143b-3q17-says-semi?type=malaysia

Another pasar malam fortune teller , better predict 4D jackpot....

http://www.theedgemarkets.com/article/sp-ratings-assigns-bb-rating-press-metal-positive-outlook

I am reposting S&P Global Rating press statement released on 25/10/17 for those who missed it .
Please read and digest it for your investment decision on Pmetal . Pay attention particularly on S&P Global's comment on Pmetal's maximum costing per mt and electricity cost per mt.

KLCI list of companies:
Latest changes in KLCI members that will be effect on 18 Dec 2017 :

* *Nestle (M) Berhad* with market cap of RM22.8b will be *added* into top 30 list.

* *Press Metal* with market cap of RM19.5b will be *added*.

* *Sime Darby Plantation* with market cap of RM32.9b has been *added*.

* *Sime Darby Property* with market cap of RM7.6b which was *added* due to demerger has been *removed* from the KLCI member list.

* *Westport* with market cap RM12.2b has been *removed*.

* *Sime Darby* is now a RM15.6b market cap new company.

* *BAT* with market cap of RM10.8b has been *removed*.

* *IJM* with market cap of RM10.5b has been *removed*.

The latest list ranked by weightage and market cap:
RM99.7b - MBB
RM88.3b - Tenaga
RM77.6b - PBB
RM59.4b - PetroChem
RM54.9b - CIMB
RM48.3b - Axiata
RM45.5b - Maxis
RM46.2b - IHH
RM36.2b - Digi
RM34.5b - Genting
RM33.2b - HLBB
RM32.9b - SIMEPLANT (new)
RM31.6b - MISC
RM31.5b - PetGas
RM29.7b - Genting Malaysia
RM28.0b - IOI
RM26.0b - KLK
RM24.2b - PetDag
RM23.8b - Hap Seng
RM22.8b - Nestle (new,ranked @ 20th)
RM22.4b - Telekom
RM19.8b - PPB
RM19.6b - RHB
RM19.5b - Press Metal (new，ranked @ 24th )
RM18.8b - HLFG
RM15.6b - SIMEDarby (new but old)
RM14.8b - Astro
RM14.1b - KLCCP
RM12.7b - YTL
RM12.3b - AMMB

Cheers to the additional listing of50,111,000( 50.111mil ) Pmetal shares , I will sleep very well .

@telusdansuci ,sudah biasa all this pasar malam fortune teller will just surfaced then disappear when they can't cari makan in this forum.
Just to update yesterday's VWAP ( volume weighted average price )for 18.513mil stand @ 5.2039 per share .

Pmetal WC maturity date : 22/08/2019.

http://www.theedgemarkets.com/article/malaysias-manufacturing-43month-high-november-—-ihs-markit?type=malaysia

*The above was copied..

The above is copied from an active Bursa blogger , the TP set by BursaMaster was merely his investment opinion and he had stated that it's not a buy or sell call which is very fair . As I always put it very clearly , it's your money and it's your investment decision. Cheers and looking forward to a vibrant Monday for Pmetal .

WHAT TO EXPECT NEXT WEEK
4 - 8 DEC 2017

Our market is still in consolidation mode but with reasonably fair to strong undertone.

Regional markets should be on stronger footing which is expected to generally trade higher.

Dow Jones & NASDAQ are expected to demonstrate better showings by achieving new highs.

Selective rotational plays and theme plays will still come into play.

1. *PMETAL* made a magical closed on Friday. ..
it was trading between 5.02 to 5.12 all day but during the matching time 4.45 to 4.50 pm....about 100 million share was zapped up all at 5.20.
It was the 2nd most active counters for the day with 124 million share traded.
With this mesmerizing display of interest i foresee an *immediate TP of 5.50 to be attained during the week. My TP till year end 6.50 to 7.00*

2. VS & VS-WA
VS...also demonstrated a magical closing last Friday to close at 3.16 whilst trading all day long at around 3.05 to 3.06.
My year-end TP is 3.60 to 3.70 based on anticipated stellar results to be announced in 3rd week of December.

However VS-WA was left out of the euphoria by closing unchanged at 1.37. There should be arbitraging setting in since it is left behind by 0.14 based on the conversion price of 1.65.

3. INARI
should be on uptrend in the light of current good vibes on technology stocks on the back of a prolonged run up on tech related stocks on NASDAQ. I expect a strong window dressing by year end. Immediate TP 3.50.

4. SIME
post restructuring. ...closed 2.35 on Friday grossing a hefty 0.50 from its reference price.
I believe more to come and my year-end TP3.00.

5. HUBLINE
for those cheap price enthusiasts. ...can consider to collect at 0.11....bottom fishing.
Expect some corporate exercise on its way.

6. SUMATEC
Yet another cheap counter for bottom fishing at 0.045 or 0.05...awaiting interest in O& G theme play to come.

Monitor closely for opportunities

The above opinion & observation is not a 'BUY CALL' but merely for trading options only.

Regards
BURSAMASTER

Senate Passes Tax-Cut Bill in Milestone Move Toward Overhaul https://www.bloomberg.com/politics/articles/2017-12-02/senate-passes-tax-cut-bill-in-milestone-move-toward-overhaul

Senate Passes Tax-Cut Bill in Milestone Move Toward Overhaul https://www.bloomberg.com/politics/articles/2017-12-02/senate-passes-tax-cut-bill-in-milestone-move-toward-overhaul

Do not bring politic into this forum !

People who have their brain swimming in his own bladder is talking .......

Moving forward......
I would like to clarify that I am no expert or sifu in equity market. I would like to contribute and share constructive opinions with genuine shareholders of Pmetal .I am also looking forward to accept opinion or criticism constructively from participants as long it enhance our investment decision.
Yesterday's Pmetal's market performance and trading volume gave us a very strong indication that fund from institutions ( it can be from local n foreign ) worth approx RM470mil snapped up 90+mil of Pmetal shares @ 5.20 a piece ( which is day's high price )when trading resume after pre-closing . From here we can assume Pmetal's strong/concrete support stand @ 5.20 . You will have to use this indication wisely whether to sell , to hold or to further buy , as I put , it's your money and it's your investment decision.
I would like to share my opinion on Pmetal's PE with @sixmil n @ newbie5354.
Current PE stand a little higher than 30 which many of us would say the current share price is rather "expensive" but if you were to analyze why Pmetal's share price sustain at current level despite FBMKLCI poor performance in November ( index dipped more than 30 points in Nov ) , it's supported by Pmetal's fundamental business prospect , healthy balance sheet ,cost efficient ( Pmetal is indeed the lowest cost per ton smelter in the industry as per S&P Global's statement ) , Pmetal had a 30years PPA contract with SEB . These are few of the important factors that keep Pmetal attractive coupled with Pmetal being the largest aluminium smelter in SEA stand to enjoy premium on PE .
Pmetal is not only a component stock in FBMKLI but as well in MSCI ( Malaysia ) index .
I would say Pmetal's PE is very subjective in Bursa being the reason that we can't have a similar industry listed in Bursa as comparison , ALCOM , LB ALUMINIUM , ARANK are all very small scale aluminium traders or involved in extrusion , they are not an integrated aluminium smelter so you can't use their performance to compare with Pmetal ( anyway their performance/earnings are far away ) neither can you use steel manufacturer like Ann Joo , Lion , Southern Steel to gauge as steel and aluminium are totally 2 different industry . I will stop here on PE even though there are many others supporting facts .
On conversion of right issues to mother share , of course it will enlarge the share issued and reduce the EPS but during conversion you need to pay a premium , in Pmetal's case , a 39 cents premium will be levied and it will surfaced in Pmetal's share premium account so it will indirectly eased the dilution of earnings for the time being .
On @sixmil concern rgd capacity vs growth , most of us knew ( I hope so ) that Pmetal's production capacity capped @ 760,000mt of basic aluminium and 160,000mt of extrusion , meaning these figure are the maximum/optimum capacity currently unless there's another expansion or capex to increase production capacity . Looking at these 2 figure , it's very normal for @sixmil to raise his concern on Pmetal's fundamental growth ( it's a good question indeed ) , my opinion is ( as our very "die-hard" supporter and our forum Icon , brother Telusdansuci always highlighted us regarding Pmetal's CEO message ) , TS Paul Koon is his briefing after the latest Q3 announcement , he stressed on the 2 pronged synergy that will increase Pmetal's profitability/earnings :
1 - To reduce raw materials costing of which the investment in China to produce cathode ( can't remember the full name )
2. - The conveyor system from factory to Samalaju port will save approx USD 10 - 12 pmt
3. - Pmetal will increase the value added product mix from current 30% to 50% hence the earnings will increase accordingly
And the others factors which could affect significantly on Pmetal's earnings are of course the basic price of aluminium which is likely to trade above USD 2100 - 2500 in 2018
The demand and supply of aluminium is another key factor which could affect the selling price but it's a known fact that demand is higher than supply .
I have written too long n I stopped here . This is just my humble opinion , you're welcome to input further or correct me of my wrong view .
Have a wonderful evening .

@mamakspecial , I believe wikioon doesn't carry any bad intention/meaning on the word "bash" when it was used , "bash or bashing" are words/term very commonly used by "gen X" & "gen Y" and I believe wikioon belongs to X&Y generation . As for our generation or rather my generation we only used it in a serious scenario , but as time evolve we need to adapt ourselves to the lingo used by the eGeneration. Cheers to all .

Happy morning all . Malaysia is a democratic country and Bursa is a free market , it's his money and it's his investment decision . If he's happy with to dispose his holding then cheers to him .

https://www.bloomberg.com/news/articles/2017-11-30/opec-signals-oil-supply-cuts-will-be-extended-until-end-of-2018

http://www.theedgemarkets.com/article/nestle-press-metal-drbhicom-hengyuan-iwcity-carlsberg-bimb-tropicana-iris-vivocom-and?type=malaysia

Bro happy123, as I told you earlier, the art of investment is to realize profit . The market is always there and opportunity will surface . I was like you , disappointed by Q3 result but after analyzing S&P Global rating report released on 25/10, I realized that sales contract hedging was the main reason for the lower than expected NP figure . The hedging contract was done for their USD 400 mil senior notes flotation process in order to prove Pmetal's capability n sustainable income for underwriting agent to promote it to their prospective clients . I would look forward to a rm 600 - 650mil NP for FY17 .

Cheers to all genuine shareholders and kudos to the BoD of Pmetal . My salutation to CEO, TS Paul Koon for his very efficient n committed leadership . Pmetal boleh dan tetap boleh !

http://www.theedgemarkets.com/article/nestle-press-metal-be-added-fbm-klci-list-component-stocks?type=malaysia

I m happy for you Bro happy123 .I added quite significantly between 4.60 - 4.72 . Cheers n have a wonderful weekend .

Plz don't invite unwanted guest to this forum for unnecessary mind boggling comments . Leave him to where he is .

@happy 123,I hope you're still holding what have .

@5.20 , Pmetal's market capitalization stand@ 19.595billion. Cheers to all , have a wonderful holiday n long weekend .

Yup , top volume @ 123,704,000 shares traded .

90mil done @ 5.20 , it's a placement I believe .

https://m.investing.com/news/commodities-news/oil-trims-losses-as-us-crude-stocks-drop-34m-barrels-last-week-928284

I believe Pmetal's strong showing will begin any moment now as the VWAP now stand @ 5.0009 with approx 44% or 4m shares traded @ 5.00 against total volume of 9.03 at the time of writing. Cheers!

Go sell INARI @ pasar malam or at your house backyard but NOT in this forum .

When Poh Ming converted his 20m right issues to mother share , it's a testament on the fundamental value of Pmetal.

Looks like Pmetal's inclusion into FBMKLCI is imminent !

Please , this forum is meant for constructive contribution . Do not invite unnecessary nonsense here.

The going gets tough but the tough will get going ! That's Pmetal .

Happy morning to all genuine shareholders and to @2633 , my opinion is not important as I always practice " it's your money and it's your investment decision "
@2633 , you should be bothered by "suara hauls" as per our Brother Telus's term it . When you decided to invest in Pmetal , you should have a very clear investment objectives .Pmetal share performance had been very positive after the management corporate exercise from Press Metal Holding to Press Metal Aluminum Holding last July . It turn from 08/17 ( opening n closing price in that month )
01/08/17 Tuesday closed @ 2.87
30/08/17 Wednesday @ 3.59 ( + 0.72 =+ 25% in August )
05/09 Tuesday open @ 3.60 , closed @ 3.74
29/09 Friday open @ 3.70 , closed @ 3.77 ( +0.17 = +4.72%% in September )
02/10 Monday open @3.77 , closed @ 3.72
31/10 Tuesday open @ 4.33 , closed @ 4.43 ( +0.66 = +17.5% )
01/11 Wednesday open @ 4.50 , closed @ 4.72
As at the time of writing this , now @ 4.79 , the share price of Pmetal had a strong positive gain of : 4.79 - 2.87 ( 01/08 ) = + 1.93 ( 66.9% ) within less than 3 months .
Is it important what everyone say anymore ???
Wikioon was right on the spot that currently it's in a consolidation mode and the selling pressure was over . The VWAP from 16/011 - 22/11 are as follows :
Volume High Low Closed VWAP
12,346,200. 4.88 4.63. 4.65. 4.7475
14,142,600. 4.72. 4.56. 4.60. 4.6259
9,394,800. 4.76. 4.55. 4.65. 4.6533
16,673,500. 4.88. 4.66. 4.75. 4.7719
14,469,600. 4.80. 4.65. 4.75. 4.7490
Base on the above 5 trading days record , the chances of pressure selling had diminished. Those "opportunist" / speculators who came in to hit and run during this QR announcement had sold their holding when Q3 announced.
Cheers to all , Pmetal memang boleh and Tetap boleh .

@wikioon, just ignored those mentally ill noises .

Hahaha ! Cheers to you , Shines.

http://www.theedgemarkets.com/article/analysts-mixed-press-metals-3q-results?type=malaysia

@Longterminvestors , I concurred with your view rgd the hedging policy taken by Pmetal management which strongly help to reduce the volatility of the group's profit n cash flow , this is why Q3 result only increase a little from Q2 which most of us ( me included ) was a bit disappointed or hampa ( in bahasa ) . I consult some professional friends who are with international brand audit house ( they indirectly involved with Pmetal's USD 400mil senior notes ) to clarify the little change of Pmetal's Q3 margin and their explanation confirmed Pmetal's hedging policy and forward selling to ensure stable profit estimation which was presented to the underwriting agency for their USD 400 mil bond sales which was snapped up in the bond market . Plz refer to theedgemarket.com dated 25/10/17 rgd statement released by S&P Global Ratings pertaining "BB" long-term corporate credit rating to Pmetal , in that press re statement , S&P did confirmed the hedging policy taken by Pmetal to avoid volatility and to ensure stable profit n cash flow.
I personally will keep my Pmetal holding into full term FY18 and likely continue into FY19 .
Cheers to Pmetal . It's yours money and it's your investment decision .

http://www.theedgemarkets.com/article/press-metal-hartalega-may-be-included-fbm-klci-says-cimb-ib-research?type=malaysia

https://www.anixter.com/en_au/resources/literature/wire-wisdom/copper-vs-aluminum-conductors.html

Brother Telus , Pmetal is a fundamental strong company lead by one of the best CEO among KLSE listed companies , Apa mahu Takut ?
Again , you look at the prospect of aluminium ( aluminium alloys ) , this metal will be the future of metals in terms of usage . In the 90s , you can hardly see cars using aluminium alloys as car body/panels but today , almost all branded cars are using aluminium alloys , from body panels to engine chassis , internal panels , handphone hardware , commercial buildings exterior panels and so on....
FYI , aluminium take over copper as the better electricity conductivity element , electrical cable are using more aluminium than copper which is much more pricey .
HSR , high speed rail/train are all with aluminium alloys , aeroplane are using aluminium alloys , the latest clean energy , Solar cell will need aluminium alloys as panel due to light weight factor n good electricity conductivity .
To conclude , we are investing in a SUNRISE company !!! Pmetal boleh dan meaning Tetap Boleh .
This is my personal investment opinion , it's your money and it's your investment decision .
Cheers to Pmetal.