Aluminium warehouse stock dropped to one year low indicated demand is up and price will up too. Turnover per quarter is near to Rm900M and will boost further ahead.
Patience tomtom ;D. All in due time. I know it should be moving up up up but the operator is trying to wait us out and collect at lower price. Just have to wait the operator out. Patience ;D.
I keep a favorites list in my trading platform watching very good counters and right now almost all are red. This should not be but the market operator takes profit from the contra players so keep your patience.
I am with you in the same boat tomtom......just have patience. You never lose unless you sell at a loss. The TP of RM 4.50 has been posted 3 times and has not decreased. We are in the right counter just give it some time.
This was due to the lower metal price during the quarter compared to the same period last year, the company said in a filing to Bursa Malaysia today. Its revenue increased 23.9 per cent to RM897.1 million from RM724.2 million previously. The higher revenue was mainly contributed by its Bintulu Smelting Plant which had achieved full operations in the fourth quarter of 2013, Press Metal said. The company expects to achieve better result in the current financial year despite the challenging business environment. "Our management will remain focus in improving operational efficiency and enhancing our valued-added products to stay competitive," it said.-- Bernama
world cup starting in 10 days time, they not going to push the market, only those selective counter with agenda behind. do pmetal still has some positive agenda coming ?
Very good traderman ;D. Fair value of RM 5.47 ;D! Sweeter than I expected. RM 4.50 was very nice but RM5.47 is SUPER SPECTACULAR!!!!!!! Tomtom, Michelle, and all investor's get ready for the biggest push yet!!!!!! Happy Trading Everyone ;D
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....
alexanderSingapore
476 posts
Posted by alexanderSingapore > 2014-05-30 09:54 | Report Abuse
Wee888, Pmetal Par value 0.50