Smelting plant production new high, Aluminium price new high, USD new high, all these advantages will push Pmetal share price towards new high too. Don't be surprised when you see Pmetal announced new development project at Bursa in the near future.
PMetal share price is very bullish and the uptick in the stock is intact.Also the LME aluminium price is hovering around US 1850 yesterday.Going by the current company's financial performance the holders for the stock will be richly rewarded.Be patient and enjoy the journey with PMetal:-))) Happy Chap Goh Mei.
Pmetal outlook is bright due to: 1. Recovery of Aluminium price. From below 1500 to above 1800. 2. Full commissioning of phase 3 Samalaju plant. 3. Improvement of margin thru moving upstream to secure its raw material supply, saving in transportation cost with commissioning of new port and moving into higher margin products. 4. Appreciation of Usd. Above mentioned factors already being covered by research n investment firms. All can read the respective headlines by Rhb, Kenanga n Edge.
From previous share price movement history against Lme, every hike of 100usd in lme represent 1.00 hike of share price(before ex bonus), or 0.357(current price). At 1600, share price is 1.64. At 1700, share price is 2.00. At 1800 should be 2.36. Plus invisible hand factor could reach 2.50. From current 2.24, you may argue 2.50 is not attractive enough. Will lme stop at 1800 level? My answer is of course not... to be continued later, feel tired after epl games...
From aluminium price chart, every lowest and highest point getting higher and higher, moving in linear line now turned into exponential hike. If lme can closed above 1870 double top resistance level, or better psychology level of 1900. It's the strong signal that lme price is towards 2081. I believe it will happen in few months time. Then the share price is 2.36+0.357+0.357=3.07.
Can lme price go to 3000 or share price above 6.00? I don't know but never say never. In 2008 lme did reached 3000. With curbs aluminium production in China which created a supply and demand gap, increasing demand in auto sector, increasing demand in electronics sector example heat sink products and potential recovery in property market in second half this year. With so many positive factors, I can say is aluminium price will keep moving on after reach 2081.
After the AGM on 28/2/2017 , there will be no more this current price . So make your decision today and take immediate action by tomorrow onward .Don't always telling and consoling yourself that i would start later , not today .Do It Now ( DIN ) . Remember, no action no results , right action bring right results . For share investing , we need people to make us succeed . Moneykj , thank you very much to you by posting so many honest and positive sharing . My target price Rm 2.40 by next week . To be serious, this round Press Metal really can make it . Pmetal tetap boleh ini kali .
Hope everyone can see their investments grow with time by investing on .PMetal Technical Price Charts are similar to Ekovset,GKent and few other counters- when the company is performing well.Last three quarters Pmetal reported bumper profits. This is the counter that investors should not miss. Good luck.
Lme price from usd1600 to usd1850 is usd250 extra gain. Yearly production is 730000 tons of total production. So how much the extra gain for this company during this lme bullish?
早安 Monday..................back 2 work :-) Was good Chap Goh Mei. CNY over, must wait another year. Laugh PMetal how 2day? Results when? Should be good too. Aluminium price rebound N ringgit down end last year. Laugh
Woah a few days no see already this new heights. Those that doubt when cheap now buying at a higher price. Congrats too all.. This year end Pmetal Tp 2.9 if Aluminum price continue stable at >1800
Maybe another round of ' Bonus Issue ' this year ? Press Metal can make it . Pmetal tetap boleh. Nice explanation from Moneykj , yesterday . Those who take the advantage will be benefited in future . Remember no action, no results . Terima kasih ,ya .
This q earning will be 190m, or 0.05 per share. I perdict they will give 0.02 dividend coming q. The next q earning will be 220m at least. Dividend at least 0.02. This represent dividend yield of at least 3.5%.
Thanks for your many useful comments, moneykj. I thought RHB predicted that every USD100 gain in LME equates to Rm 158m increase in net profit. Can you clarify!
money kj.. mind to share how you get your assumption of 190 m? because my rough estimation is possibly about 150m.. due to the hedging practice.. so pmetal will sell some of is product into the future one....
but take in consideration of forex... erm can get 190 m kot... haha.. hopefully... even with the Q4 performance of 0.045-0.05 or 0.20 per year, PER 15.5 fair price is 3.10 for 2017....
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....
moneykj
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Posted by moneykj > 2017-02-10 12:20 | Report Abuse
Buy Pmetal for mid or long term, for another outstanding year of Pmetal. This weekend I will tell you why you should sailang on Pmetal..