PE130.... even Tesla not so high. Have any of the glove company exceeded PE130 during the glove rally? This one, 6 quarters of declining profit, how to justify the super high PE?
PE124... 30 cents maybe can consider, or 50 cents. Google, Apple, Microsoft, Tesla, all also not that crazy expensive. pmbtech trade like some tech company that is on the way to change the world
Phase 3 plant is expected to be completed by end of 2023 and to run at approximately 80% of the installed capacity. However, the existing furnaces will be scheduled for maintenance on a rotation basis to optimise the production efficiency. We have long-term contracts with existing and new customers on a yearly basis.
The CEO responded that the construction of Phase 3 is on schedule. However, Phase 4 is unknown in the current stage. Any chance of the phase 4 would be possibly in Sabah, if the Company can secure the natural gas at a competitive rate.
The CEO responded that the Company had extended the Memorandum of Understanding with Sarawak Economic Development Corporation. The Company will make appropriate announcements in accordance with the Listing Requirements, if required.
The CEO responded that in the long term, the metallic silicon industry will be a key beneficiary of the ongoing green transition which is gathering momentum. The Company of the view that there could be an opportunity to break into Solar Photovaltaic industry due to the current trend on switching of lithium ion battery to sodium ion battery as a consideration for usage of solar panel.
PMX nwip will be a game changer and one of the biggest beneficiary will be silicon metal for solar panel. Again and again, wait for the right entry window to collect
Global silicon metal prices remained on a downward trend in Q2 2023, down on average by 30% from the beginning of the year, amidst persistent weakness in demand.
Market conditions are expected to remain challenging as the demand outlook from the automotive and silicones sectors remain uncertainty and worried.
Current PE: 140x (Price Rm3.17) - too expensive and overvalue
QR profit decline significantly sharp: 1. QR Feb 2021 - RM107m 2. QR May 2022 - RM54m 3. QR Aug 2022 - RM35m 4. QR Nov 2022 - RM18m 5. QR Feb 2023 - RM10m 6. QR May 2023 - RM9m 7. QR Aug 2023 - RM2m 8. QR Nov 2023 - (hundred thousand amount? you do the math)
Inventory increasing: 1. Q4 22 - 270m 2. Q1 23 - 354m 4. Q2 23 - 447m product in inventory exceeds the projected consumer demand result remains unsold and effect of quality degradation, involving cost to manage high inventory, working capital being tied.
Cash & Equivalents in current asset is decreasing: 1. Q4 22 - 127m 2. Q1 23 - 104m 4. Q2 23 - 71m
Cash Flow is negative and getting bigger: 1. Q1 2023 (-15m) 2. Q2 2023 (-82m)
Free Cash Flow is negative, business has more outflow than inflow which is company is losing money: 1. Q1 2023 (-77m) 2. Q2 2023 (-163m) Company clearly not generated enough revenue to cover the costs
Current quick ratio: 0.50 - company indicate liquidity not have enough money to meet its short-term liabilities.
Asset turnover ratio: before is 1.26, now decreaing to 0.60 - a sign of low utilization rate of their factory and plant.
Price action discount everything means all the information about a company is already reflected in the stock price. Do not against the market. Do not think to accumulate. PE is 140x.
September 21, 2023 The daily stock price trend of PMB Technology (PMBTECH, 7172, main board industrial stock) showed a technical rebound trend on September 20, closing at RM3.17, up 10 sen or 3.26% on a daily basis. The stock may rise to the 3.18-3.27 ringgit level in the short term.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Putrajaya666
264 posts
Posted by Putrajaya666 > 2023-09-13 09:36 | Report Abuse
365 yawning........