PRESS METAL ALUMINIUM HOLDINGS BERHAD

KLSE (MYR): PMETAL (8869)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

5.35

Today's Change

-0.01 (0.19%)

Day's Change

5.33 - 5.39

Trading Volume

6,729,600


18 people like this.

15,895 comment(s). Last comment by Augustine 5 days ago

Daxchel

10 posts

Posted by Daxchel > 2016-10-25 21:26 | Report Abuse

You mean all warrants have to be exercised now? Then why there is a new adjusted exercise price at RM0.39?

Jacky Yip

94 posts

Posted by Jacky Yip > 2016-10-25 21:41 | Report Abuse

warrant with new exercise price of rm0.39

Andy1988

175 posts

Posted by Andy1988 > 2016-10-25 22:05 | Report Abuse

Stock split n bonus issue is it good to hold? How to calculate? Can anyone give advice? Thanks

JKWIN

50 posts

Posted by JKWIN > 2016-10-25 22:51 | Report Abuse

Eg, if you had 5k unit on 2 Nov2016. On 8 Nov, u will have 14k shares. (i) share split:5k become 10k. (ii)Bonus share: 10k share will have 4k bonus share(10k/5X2)... Total is 14k share

Investo

1,975 posts

Posted by Investo > 2016-10-26 07:40 | Report Abuse

早安 Wed...........mid-week aready:-)
Ex-date give aready. Maybe soon can start move again. Laugh

Andy1988

175 posts

Posted by Andy1988 > 2016-10-26 08:00 | Report Abuse

Tq jkwin for detailed explaination now understand already.

linges

2,689 posts

Posted by linges > 2016-10-26 09:48 | Report Abuse

JKWIN...thx but is that confirmed bonus share after split share...some calculated bonus share before split...

Posted by wakeupcall > 2016-10-26 10:33 | Report Abuse

No different how you calculate, if you have 5k shares, bonus share 2k becomes 7k shares. Share split 7k will be 14k shares. Thus, if you have 5k shares, it's still gonna be 14k shares.

linges

2,689 posts

Posted by linges > 2016-10-26 10:59 | Report Abuse

thx wakeupcall :))

moneykj

6,112 posts

Posted by moneykj > 2016-10-26 13:15 | Report Abuse

In 2014, 1st day after announce ex date price up 7 cents. 2nd day up 23 cents. 3rd day up 47 cents. May not expect price up so high if base on percentage, but 0.50 for first 3 days possible.
One more thing is coming q results will be out very soon. You can expect record earning, which can keep the share price in uptrend even after ex.

Bizfuneng

883 posts

Posted by Bizfuneng > 2016-10-26 13:53 | Report Abuse

Hope what said will happen....hehe.....Happy holding.

Posted by Mat Affiq > 2016-10-26 15:49 | Report Abuse

2 Nov 2016 or 4 Nov 2016?

moneykj

6,112 posts

Posted by moneykj > 2016-10-26 16:12 | Report Abuse

No need to sell first. First day of announcement price can't move much. Many sell on news. The price haven't reflected actual value base on fundamental. Usd strong, aluminium price strong, 3rd q record earning. 4th q another record.

moneykj

6,112 posts

Posted by moneykj > 2016-10-26 18:56 | Report Abuse

Happy123 sell so much still have 75%. Real big player ar..

Investo

1,975 posts

Posted by Investo > 2016-10-26 20:06 | Report Abuse

Going home time............:-)
Wah, PMetal up so many ppl coment!
Yah lah, got ex-date, price up also as expected. Laugh

Jacky Yip

94 posts

Posted by Jacky Yip > 2016-10-26 23:35 | Report Abuse

一变二拆细, 然后五送二红股 @ EX-DATE 4/11/16

Investo

1,975 posts

Posted by Investo > 2016-10-27 07:44 | Report Abuse

早安 Wed...........mid-week aready:-)
PMetal hero again 2day? Laugh

moneykj

6,112 posts

Posted by moneykj > 2016-10-27 08:10 | Report Abuse

Tq happy123 for the video

moneykj

6,112 posts

Posted by moneykj > 2016-10-27 08:12 | Report Abuse

Lme up 22 usd to 1673. Today I perdict another 10-20 cents.

Mgician

716 posts

Posted by Mgician > 2016-10-27 13:06 | Report Abuse

Ntg happen yet

moneykj

6,112 posts

Posted by moneykj > 2016-10-27 13:32 | Report Abuse

After lunch?

kmhb09558

146 posts

Posted by kmhb09558 > 2016-10-27 14:19 | Report Abuse

If now u have 5lot after bonus u will have 14lot?

Mgician

716 posts

Posted by Mgician > 2016-10-27 15:36 | Report Abuse

Coming?

brgrfan

48 posts

Posted by brgrfan > 2016-10-27 20:47 | Report Abuse

can someone advise how do we calculate after share split stock price?

Posted by Celine Loo > 2016-10-27 23:56 | Report Abuse

Hello, Celine Loo! | Site:
Malaysia
| Logout
HomeNews & BlogsStock QuotePrice TargetPortfolioHow to InvestMember Services
News Headlines | Blog Headlines | Announcements | Dividends | Bonus, Split & Consolidation
HighlightsPerform research on stocks before trading. Check out the Price Target page.
1

Kenanga Research & Investment
Author: kiasutrader | Latest post: Thu, 27 Oct 2016, 09:37 AM

Blog Headlines (by Date) Blog Index
Press Metal Berhad - Share Split and Bonus Issue
Author: kiasutrader | Publish date: Tue, 12 Jul 2016, 10:06 AM

Press Metal Berhad (PMETAL) has proposed to undertake: (i) 1:2 share split, (ii) bonus issue of 2 for 5 subdivided shares, and (iii) an internal reorganization into an investment holding company. We are positive on the proposal as it improves share liquidity while the reorganization will further streamline operating segments and taxation structure. Maintain earnings and OUTPERFORM call, while we upgrade our TP to RM4.21 (from RM3.65) on expected post-expansion re-rating.

Split and bonus. PMETAL has announced the following proposals:

(i) Share split involving the subdivision of every 1 ordinary share of RM0.50 each into 2 ordinary shares of RM0.25 each (subdivided shares).

(ii) Bonus issue of up to 1.15m new bonus shares on the basis of 2 bonus shares for every 5 subdivided shares.

(iii) Proposed increase in authorised share capital from RM1.0b comprising 2.0b PMETAL shares to RM2.0b comprising 8.0b subdivided shares.

(iv) Amendments to Memorandum and Articles of Association to facilitate the proposals.

(v) Proposed internal reorganization via share exchange of all subdivided shares and warrants into a new investment holding company (Newco) on the basis of 1 Newco share for every 1 subdivided share and 1 Newco warrant for every 1 existing PMETAL warrant and proposed transfer of listing to Newco shares and warrants.

Adding liquidity. We are positive on the proposed share split and bonus as we concur with management that the move should improve the liquidity of PMETAL shares and reward existing shareholders whilst maintaining their equity interest. We are also optimistic on the proposed reorganization into an investment holding company as this should provide more flexibility in its operating segments, reduce legal/creditor risk, and streamline its tax structure.

Maintain FY16-17E CNP at RM343-457m as the proposals have no earnings impact.

Maintain OUTPERFORM with higher TP of RM4.21 (ex-split/bonus TP: RM1.50). We reiterate our OUTPERFORM call as we believe PMETAL shares are likely to continue re-rating in view of its latest capacity expansion (Samalaju Phase 3) which raises FY17E total smelting capacity by 27% to 760k MT/year. As a result, we raise our TP to RM4.21 (exsplit/ bonus TP: RM1.50) from RM3.65, based on a higher Fwd. PER of 12.7x (from 11.0x) applied to unchanged FY17E FD EPS of 33.2 sen (exsplit/ bonus: 11.8 sen). Our Fwd. PER of 12.7x is derived from FY17E capacity growth of 27% added to PMETAL’s historical implied PER of 10.0x, after excluding previous years’ capacity growth. The Fwd. PER of 12.7x implies a lower discount of 13% against the FBM70’s Fwd. PER of 14.6x (previous discount: 21%), which we think is fair due to PMETAL’s rerating potential.

Source: Kenanga Research - 12 Jul 2016

moneykj

6,112 posts

Posted by moneykj > 2016-10-28 00:18 | Report Abuse

Kenanga latest tp is 5.00 la. Rhb 6.29.

moneykj

6,112 posts

Posted by moneykj > 2016-10-28 00:20 | Report Abuse

Aluminium futures at 1700 usd now. My tp is 7.00(after split 2.50).

Investo

1,975 posts

Posted by Investo > 2016-10-28 08:05 | Report Abuse

早安 Friday.........Deepavali 2morrow!:-)
PMetal got Deepavali rally? Maybe can up more! Laugh

davidqsk

156 posts

Posted by davidqsk > 2016-10-28 10:47 | Report Abuse

correction coming

davidqsk

156 posts

Posted by davidqsk > 2016-10-28 10:48 | Report Abuse

to 4.20

merck

996 posts

Posted by merck > 2016-10-28 11:46 | Report Abuse

Investo, balik supermx forum lah, there cant cari makan , u come here, really rubbish

moneykj

6,112 posts

Posted by moneykj > 2016-10-28 16:32 | Report Abuse

Aluminium futures at 1705. Guaranteed good earning 4th q. After ex share price will move higher.

Mgician

716 posts

Posted by Mgician > 2016-10-28 17:10 | Report Abuse

moneykj.. ppls dun like bonus issue .. haha

telusdansuci

1,690 posts

Posted by telusdansuci > 2016-10-28 18:51 | Report Abuse

Investo , wishing you a happy and prosperous HAPPY DEEPAVALI 2016 . Next week Pmetal sure up one because Alu. futures already above 1700 . Should buy more okey . Enjoy your DEEPAVALI tomorrow . Pmetal boleh dan tetap boleh . No more scare okey .

Mgician

716 posts

Posted by Mgician > 2016-10-28 19:01 | Report Abuse

today out QR ??? OMG

PlsGiveBonus

3,749 posts

Posted by PlsGiveBonus > 2016-10-28 19:02 | Report Abuse

Superb result
:)

PitBulL

198 posts

Posted by PitBulL > 2016-10-28 19:16 | Report Abuse

Laugh ... Hahahaha

Mgician

716 posts

Posted by Mgician > 2016-10-28 19:38 | Report Abuse

Q3 better compared than Q2 .. refer QR B2

Posted by Celine Loo > 2016-10-28 20:49 | Report Abuse

Interim Dividend

PRESS METAL BERHAD

EX-date 10 Nov 2016
Entitlement date 14 Nov 2016
Entitlement time 05:00 PM
Entitlement subject Interim Dividend
Entitlement description Third Interim Single Tier Dividend of 4% per ordinary share for the financial year ending 31 December 2016
Period of interest payment to
Financial Year End 31 Dec 2016
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD
Unit 32-01, Level 32, Tower A,
Vertical Business Suite, Avenue 3, Bangsar South,
No. 8, Jalan Kerinchi
59200 Kuala Lumpur
Tel:0327839299
Fax:0327839222
Payment date 25 Nov 2016
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 14 Nov 2016
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator Percentage
Entitlement in Percentage (%) 4
Par Value Malaysian Ringgit (MYR) 0.500


Remarks :
1) The third interim dividend of 4% (or 1 sen) is derived based on the enlarged share capital after the Proposed Share Split and Proposed Bonus Issue.

2) The holders of the Warrants C must exercise their respective outstanding Warrants C and lodge their duly completed and signed exercise form together with the exercise monies with the share registrar of the Company, Tricor Investor & Issuing House Services Sdn Bhd by 5.00 p.m. on 1 November 2016 in order to be entitled to the Third Interim Dividend.

3) The entitlement date for this dividend is after the entitlement date of the Subdivision and Bonus Issue which were announced on 25 October 2016 ("Subdivision and BI Announcements"). For details of the Subdivision and Bonus Issue, please refer to the Subdivision and BI Announcements accordingly.

brgrfan

48 posts

Posted by brgrfan > 2016-10-28 21:17 | Report Abuse

wow! a good deepavali =)

linges

2,689 posts

Posted by linges > 2016-10-28 21:25 | Report Abuse

1sen pun ok lah tu...better than nothing...ha ha

happy deepavali !!

moneykj

6,112 posts

Posted by moneykj > 2016-10-28 21:31 | Report Abuse

Good results. Pbt increase by 260% yoy. Better by 7% compare to previous q if excluded exceptional gain/loss.

CharlesP

219 posts

Posted by CharlesP > 2016-10-28 21:55 | Report Abuse

PMETAL 齊力工業之追踪 28-Oct-2016
http://to-the-north-pole.blogspot.my/2016/09/pmetal.html

PitBulL

198 posts

Posted by PitBulL > 2016-10-29 00:57 | Report Abuse

Awesome stock ever! Not like Gadang pui!

Freshbird

82 posts

Posted by Freshbird > 2016-10-29 19:36 | Report Abuse

Wonder how the stock turns out in next week!

telusdansuci

1,690 posts

Posted by telusdansuci > 2016-10-30 14:25 | Report Abuse

Tomorrow tambah nilai lagi untuk counter CscStel dan Pmetal . Never give up to both of this counters . Swicth all those LOUSY stocks into this two counters only . Esok taruh ini dua counters cukup-cukup sahaja . CscStel dan Pmetal akan tetap sama-sama boleh . Don't bother what the stocks price is tomorrow ?

moneykj

6,112 posts

Posted by moneykj > 2016-10-30 15:50 | Report Abuse

I saw some big players selling their share these few days le. Should we follow?

brgrfan

48 posts

Posted by brgrfan > 2016-10-30 17:45 | Report Abuse

Y?

moneykj

6,112 posts

Posted by moneykj > 2016-10-30 18:14 | Report Abuse

It's normal for fund managers to sell, adjust their portfolio or other reason, especially the share price goes up a lot.
Recently in Sendai, EPF is selling when the price jump to over 0.50. I took the opportunity to jump in when the price retreat to 0.47. It has a turnaround story.. see, the price is 0.52 now..
How about Pmetal coming q earning?

Post a Comment