Buy. Both FA and TA points to North. Likewise with restructuring - global fund managers have this counter on the radar screen. When foreign funds return after the recent bull run in other markets - Malaysia lagging now, PMetal will have it's BULL. Buy and keep. Once your profit target achieved can exit. For now it's a BUY call.
Aluminium price hike will not benefit LB. Higher Al price means higher material cost for them. They have to sell higher to make profit. Their catalyst is demand not Al price. Latest 2 q results showing increasing demand but not significant. Recent Lb price hike is due to aluminium theme play only.
lb will always lose out to press metal. press metal is the biggest competitor in aluminium industry and they do their own remelting. im in this industry
this stock has gone up steadily over last 2 months without any consolidation, this is already into over bought region, having said that, the potential of going up further is possible based on those assumptions. I do want to warn those who just jumped into the wagon (especially many are new in the stock market), there is no such thing that 1 stock will always go up, make sure you have the holding power in case any correction takes place, it can continue to trend down for many days/weeks/months as well. DYODD........ and I hope to see $5 soon
Don't have to worry because few company's directors are already buying back their own shares , it means that they have confidence that they are getting a good deal at the current price . Please read the company announcements today . Game not over yet . More to come . Haven't reach the target price yet . PMETAL BOLEH dan TETAP BOLEH .
It's fundamentally sound. Even with dips - it's a buy call. Fund Managers. So don't you worry. It's not a pump and dump. Even if they pump - they dunno how to dump. Because the price have not reach valuation yet.
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....
cstrader
937 posts
Posted by cstrader > 2016-07-17 23:08 | Report Abuse
Read the Edge weekly. RHB upgraded BUY TP from 4.50 to 5.17