Can Aluminium Manufacturing keep the momentum of good fortune?
Recent steel price is slowly growing, is aluminium price possible follow the trend?
(Photo 1): Comparing LME monthly chart of alloy price, candlestick slowly approach MA20, if can break this MA20, uptrend could continue. Comparing 3 months average LME aluminium price, there is slight increase of 2% .
(Photo 2): News capture from The busy weekly. It mentions: <<If aluminium price can keep at high level & demand increase, aluminium manufacturing industries can achieve better profit result in 2017>>. Compare 3 major aluminium manufacturing, LBALUM, PMETAL, ARANK, PMETAL PE already reach 28, LBALUM & ARANK still relatively low.
(Photo 3): What is the fair price for LBALUM & ARANK?Compare 10years average PE, PMETAL current PE is +65% of its 10years average PE. Using the same method to calculate fair PE for LBALUM and ARANK, it should be 0.99 & 1.36.
Waiting at 82 again. Operator very careful....really rinsing the weak holders
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Posted by Jingweihan > 2016-07-18 09:58 | Report Abuse
Too much kfc oredi.. hihi