sounds abit like trump lol

same trend, today may back down 1.98, tom until 2.05 - 2.10 and then retreat back to slightly above 2.00

2 weeks end 1.90, last week end 1.95. this week will close 2.00 before cny

week by week setting new benchmark, thats before announcing result. last wk 1.85, now 1.95 next week announce result above 2.00

Beginner1989 haha comeon this is the real world. this price movements are the work of the big sharks, depends on which side they are on.

wed and thurs goreng. able to reach 2.00 tmrw

easy to reach 2.00, today n tmrw goreng

when sharks goreng, its always on wed and thurs. just note the trend.

merck, pls dont bring all your drama to this counter, and when you write comments please contribute something intellectual. no one can commit fraud here, because its just a forum. unless u can prove that he has swindled yr money, pls dont levy investo as a fraudster.

at most he's just a slightly ignorant, dim-witted person who contributes nothing to this forum.

finally break 1800 for lme.uptrend only for this stock. this month end cud hit 2.00. next quarter may hit 2.20.

possibly double the dividend payout, wont have bonus issue anytime soon, the share price too low now. maybe when it hits 3.50 (maybe lme at 2,000) then another bonus round.

testing highs indicate strong tp of 2.00

highest in 2 years, hoping to reach 2011/2012 highs

same trend of sharks playing on wed and thurs. wonder if this is a coincidence. hmmm

so many sharks bought at 1,70 - 1.75. they wont be contented. positioning themselves for push next few weeks.

already hit the psychological 5.00 pre-bonus. time to forget about past performances. now next target at 2.00

revenue exceed 2 bio? profit hit 200m? time to announce 2c dividend to conclude spectacular year.

super good quarter ending 31/12. inside sharks has already gotten hold of the news. expecting 10% jump in quarterly revenue, given higher lme prices and favourable fx translation

just my opinion, pmetal has already weather the downtrend in commodity cycle, (hence their 1.50 share price back in 2013/14 - still rmbr those tough days. now the whole commodities mkt is on a bounce, same with pmetal. but share price is also dependant on other factors - dividend payout, pe, eps ratio, etc. regardless, pmetal recognising their full potential now, riding on lme prices. next push factor is their 3 year agreement with china corp to source cheaper raw materials. once this comes into play, bottomline margin boosted. 3 months target 1.85; 6 months (if lme goes to 1800-1900) is 2.00.

looks like investor play game on tues and not last fri. prob too many ppl on leave. cross 1.70 easily, possibly hit 1.75?

nice volume going on, looks like telusdansuci has some info. i eel like last year, late afternoon might surge up to 1.70

Yes they did, its inside their quarterly report. please understand that hedging works both ways, you don't just hedge the usd leg, you may hedge the myr leg too. and that is why revenue in usd is regarded as a natural hedge towards usd liabilities. if you have an unfavorable hedge to myr resulting in fx losses, your revenue will offset those losses.

Eg for last quarter, if you look at movement USD/MYR, it actually trended from high of June 4.10 to low of 3.96 in july. quarterly reported that pmetal made a loss on their hedging strategy (mainly because they are hedging for a higher USD) so wrong move for that quarter. If the same hedging strategy is in place (im only guessing), instead of FX loss we might see an increase in comprehensive income from favourable hedging movements.

just my 2cents, if you are a major investor in this counter try not to create a negative mood, or rather do back it up with something substantial.

MrPauper yes there is a such, however i believe that with addition to this ruling, banks are allowed to hedge up to 50% of their USD foreign currency exposure to USD with supporting docs.
And for the conversion i heard these are only for government related companies, not sure on this though.

i don't doubt anyone's knowledge on accounting treatment on foreign currency denominated loans and neither do i deny the existence of fx losses. maybe my opinion seemed to denote that.

my argument is based on the fact that these FX losses are not as BAD as 360capitalist makes it to be in trying to create a doomsday scenario. I quote his previous message, "The Ringgit has been weakening by 10% sofar, forex losses from USD loan alone estimated RM255mil, even with additional revenue and profit from strong USD, it is still fall short of reporting good profit."

Do you think any well-run company will allow full exposure into foreign movements? Do you not think Pmetal would have hedged their currency translation from myr to usd at an earlier rate? Incidentally they would have also hedged their translation from USD to MYR (prob at a lower rate, and this is where the FX losses will be recognised).

You may bring accounting knowledge and methods in trying to disprove me, but you as an investor have totally no qualms in understanding in the practical financial markets and real world market applications. side note: an increase in 255 mio denominated USD loans will only increase an estimated quarterly INTEREST repayment of (based on 3-mths USD interest of ~1.50%) of about USD 1 mio.

Haih, let me explain in layman terms.
USD loan = repayment principal n interest in USD.
RMB and GBP loans = similar.

Revenue received in USD (directly service USD loans). extra USD convert to CNY/GBP (to service CNY/GBP loans). Currently USD on uptrend appreciate against CNY/GBP = cheaper servicing of loans in fcy denominated.

FX losses only incur when you go into forward contracts and the USD move unfavourably (eg you agreed to convert USD/MYR at 4.00, now its at 4.40 so you have to pay 400 pips.

360capitalist i hope the forum here is to educate others, not to scare others with unrealistic figures. all you are doing is converting ALL of pmetal loans into ringgit and saying that their quarterly will suffer because of currency movements. no one ever values fcy-denominated loans bck to their home currency, you only need to worry if pmetal revenue is denominated in ringgit, by which they will have to convert to usd to service loans, and may incur fx loss if usd move unfavourably,

360capitalist what nonsense are you talking about? there are no forex losses from having USD loans. do you even know how fx loss come abt? having your revenue income denoted in USD is a natural hedge against USD loans. pmetal loan repayments will be settled in USD.

FX losses only arises when company has secured forward contracts to convert currencies (eg USD/MYR), if you look at previous quarter, fx losses are minimal meaning pmetal has made preassumptions that MYR will weaken, therefore they only hedge small portion of their USD. with the weakening of MYR this will relate to higher MYR revenue.

please understand basic financial knowledge before spreading negative views. the obvious reason for the downtrend volatility is that SEA countries are currently under pressure, majority of the counters will experience small downwards pressure. LME is holding steady at above 1700 (the highest in 2016, revenue for this quarter should be even higher)

good analysis from moneykj. al price suppressed because of strong dollar but given last year usd movement, correction coming soon - i still persist with al price hitting 1,800 in jan now. was too optimistic last week. next driving factor - pmetal may pay up to 5c (based on last year estimation), will prob push price to 1.85.

for those that hold, keep holding. at 1.70 pretty tough to go in now, but if you want short term gain, jan-feb prob hit 1.85.

those that hold inari stocks will surely get the disclosure of bonus issuance from the company. its confirmed. those that ask prob dont hold any stock yet.

rising oil prices is driving up commodity prices - al, steel, copper. there may be chance lme to hit 1,800 next few weeks.

its simple. there's no push/pull factor in the mkt atm. the very fact that pmetal is holding firm at 1.60++ in the current selling mkt tells you something. next push factor is qtr result in dec, with the lme price STEADY at 1,700 (+USD/MYR up) and pmetal prob hedge 40%-50% for USD. expect revenue to reach 2 billion, NPAT to hit 180m, (q-o-q 40% inc, factoring trend = 10% - 15% upwards trend after price split circa RM 1.70 to RM 1.80). trading sentiment next ceiling is at RM1.78 and hard support at RM1.60.

sold at 5.18. easy. but to continue to fly

resistance at 1.75. if exceed, expect breakout to 1.80. funds who held price steady at 4.30 for two months rushing to get dividend.

there was strong indication with lme price above 1700, but no one pay heed and accumulate. the big sharks was pressing the price down. now too late to earn big, unless you want to earn small sum still okay. can prob make 10-15 sen.

1.80 coming, easier to reach this price than previously

5 days of sustained LME price above 1700 and seemingly trending towards 1800. 2 year cycle gap between highs of aluminium prices at 1900 - 2000 and lows of 1600 - 1700 can be seen. expect the next 1 - 2 yrs of LME prices to trend towards 2000.

aluminium counters are in for a good run this year and next year. pmetal announced another dividend of 1 sen per share given enlarged share capital = 2.8 sen per share (similar to 3 sec per share previously)

LME prices starting to trend up to 1,700. If any of these days it breaks 1700, expect price to test highs of 4.44.

chart doesn't lie. if it drops like 9c to 10c, u can attribute to profit taking. if it drops 15c - 20c, its a trend sign.

a general rule of thumb, if the quantum of decline is the same as the increase it will trend downwards the same as upwards

run. dont get caught. super bad news.

big jv news, reduce topline cost and improving bottomline margins. great use of cash reserves for capital investments.

no worries for kossan, all looks rosy.

reset period. investors cool off, take profit. prob trading sideways for this mth and next

push factors: LME prices, USD exchange and next qtr results.

when is the dividend ex-date of 4c?

see, pattern from the big fishes, price up cause they left 3 more days to collect. expect it to trend back to 4.30

and the fundamentals are this is a strong performing company with better yoy and qoq results. there are no factors at all that point to a share price decrease. jst some funds scaring the small fishes to arbitrage their holdings.
for those who chill/top up at lows, prepared to be rewarded (albeit not in short term)

no worries, every stock is the same. surge high on dividend news before plumetting down abit. then few days before ex-date, trend slightly higher back.

for every trend movement there's always a corresponding factor. 2014 trend downwards was due to aluminium price downtrend thus affecting the company's qtr per qtr performance, plus the samalaju fire affecting production. now the company is at full speed, lme price on an uptrend, and two weeks ago company jst announce 6x qtr profit and dividend.

go ahead and sell to those funds, my bet is that they are holding for the dividend and doing some profit taking at small vol to entice everyone else to sell. dont forget last week fri, they are also the ones doing the pushing to 4.40.

correction before ex-date? seems quite unlikely. no point in funds selling off at this point of time

Just so happen its wed, last mth when funds were pushing they were doing it on wed and thur. Too much upside, i predict at least 30c increase today.

strong supp, refuse to let it close below 4.30. another breakout otw.