I think the fundamental is that they have First Solar as their major customer and the business is expanding to keep up with more demand. First Solar' net sales jumped 70% year on year.
If we look at PMETAL, then it's no reason to ignore PA. They both have similar business, Aluminium billets and tolling. It will soon likes gloves, demand exceed supply, then the asp will continue go up every month. Their main customer First Solar is a very big solar company in USA, its PA client. From our sources we believe that they will renew this contract soon, and with even bigger amount, because BIDEN win the USA election.
PA is on a strong recovery trend in technical and fundamental and global Aluminium price and demand is keep increasing and high demand this year. PA doing share consolidate, which we can see VIVOCOM and many other case after split price will goreng and limit up to sky very soon. First solar is their client, which is going to benefit them even more in future after Biden in president place. The price is just waking up, it will continue go up until share consolidate done, and go even higher. Stay tune!
Nothing much to comment, the only faith I have is, ex minister of transport, Y. Bhg Chan Kong Choy is the man of integrity. How long it will matured and how much improvement let's be patient.
i agree, Kong choy is a man of integrety not like some otherpoliticians who are like Pak Choy. Tlaking of the sayur pak choy. i wonder where is pak tua. he ran away from Bintai and solution after agressively promoting them.
we need to tut tut his backside. good thin i learnt before is never trust paktua. now HLT is up, he and his troopers might appear there
Some report said it was just a transfer from the biggest shareholders before this. But at the same time, Nirwana boss another TS ceased to be the major shareholder about the same time.
Daily88, this stock do have a profitable biz, unlike many recent covid-19 vaccines rumors losing money counters! But the eps will need to grow a lot base on current price of ~17.5 sen that is already doubled what TS Chan paid for at 8.5 sen and probably why Nirwana boss cashout on opportunity.
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....
kayap1
33 posts
Posted by kayap1 > 2020-12-07 16:13 | Report Abuse
In the coming AGM, if accepted, they will consolidate 2 shares into one!