Hello guys, I'm back to Pmetal at RM3.13 today. Not too late to collect the dividend ya. Pmetal is not only affected by aluminium prices lah, if so please buy commodities future better. There are still many other factors that attribute to Pmetal growth like new plant, aluminium demand, cost management, quality control & etc.
Latest indication, funds will keep things quiet till the end of this week, given the recent economy troubles and ringgit weakening. but for this counter, there may be strong interest on mon - wed, expected to climb at least 5% to 3.25-3.30
Aluminium price going up again despite oil drop. It move towards its own way, quite different from gold n silver. It's the way back by strong demand n not speculative play. If afterwards or tonight oil price goes up, you can see the exponential hike of aluminium price.
Price hike cannot guarantee immediate share price hike. But it give a strong foundation for share price to climb steadily without concern the market condition.
no show time today, traditionally friday is a quiet day. and traditionally monday is the time where funds start playing with the price. flattish today, on monday is when u will see the price go up.
moniekj, i trust u & i will hold Pmetal for long term. The BOD of Pmetal commented as follow:
Current year’s prospects For the last couple of months, in general, prices of all commodities have recovered from their low which includes aluminium. Concerns of US hiking interest rate aggressively and the contraction in China economy have abated and as such the market has responded quite positively. As for aluminium, due to the curtailments in year 2015, the supply and demand are now more in equilibrium and is being reflected in the current price level. This price recovery will work out well for Press Metal as we will complete our third smelter production ramp up by the end of May. By then we will have a total smelting capacity of 760,000 mt and the largest in South East Asia. So, barring unforeseen circumstances, the Board expects to achieve better result for this financial year
Assuming every quarter eps of 8 cents, annual eps will be 32 cents, RM4.50 is achievable by taking pe ratio of 14.
If you intend to add more, buy WC then convert to mother. You may loss in dividend this q. But actually you will gain in total buying cost. Next q only claim dividend la..no problem
Last week is not a good week for Pmetal. Klci show sign of drop further with internal issue n aluminum price violated the 1543 strong support line. The chart shows round top pattern may signal the downturn of uptrend. Jingweihan can smell it already..should we sell or hold?
looks like funds are accumulating slowly, although tough economic sentiment is dragging all klci stocks down. keep an eye next two days, may have a breakout soon.
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....
moniekj
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Posted by moniekj > 2016-05-11 16:50 | Report Abuse
Haha..today follow lvg style, tomorrow is the real Man U..