No brake fr tis counter as it conitinue to ups. ...chrt indicates very well overpriced n as invstrs continue to prchse....unfrtunetly xfr me as it is a non shariah....
Im not too sure now,impreza. But in PMETAL's cover report yesterday by RHB if u read deeply and carefully, this stock is really worthest to invest in it. worth or not worth to buy in is depend on u, impreza I cannot decide for u bcos it is ur money. Yesterday b4 12:30 noon , I read the cover report, 我直接 buy in 5000 units@RM5.328 share @PMETAL without any consideration deeply after I read the report. I sold my other stocks in order to buy in PMETAL.
I get shocked juz now bcos I noticed the PMETAL's current price now.
LME aluminium prices broke the USD2,000/tonne mark last week. While prices have consolidated, the present level and record premiums are set to benefit Press Metal’s smelters. We prudently revise upwards our all-in FY14/FY15 aluminium price estimates to USD2,200/USD2,400respectively despite the belief that there is more upside coming. Reiterate BUY, with a higher MYR7.38 FV (from MYR5.47), a 20% discount to its fully-diluted DCF.
Aluminium prices looking up. Global aluminium producers have done well to curtail output. Coupled with the absence of new smelting capacity outside China (beyond the few being ramped-up now) and moderate demand growth, the market is generally expecting its first supply deficitin a decade from 2014. This favourable development has lifted the sector’s fundamentals and seen the London Metal Exchange (LME)’saluminium cash price breaking the USD2,000/tonne psychological barrierlast week. Additionally, the regional premium payable for metal deliveries to Japan for July-September also rose to a record USD400-408/tonne, ie 8-12% over the preceding quarter.
All geared for brighter days ahead. Press Metal is set to enjoy the fruit of years of aggressive investments in its world-class low cost aluminium smelters in Samalaju and Mukah. The improved industry dynamics are timely, as both of its smelters have been fully operational since April. The higher aluminium prices should also mean extra dollars for every tonne of metal produced. Although we believe the supply deficit may offer further upside to all-in aluminium prices from the present level, we prefer to be prudent and revise up our FY14/FY15 assumptions by USD100/USD200/tonne to USD2,200/USD2,400/tonne respectively.
Reiterate BUY, with MYR7.38 FV (from MYR5.47). Press Metal’s track record prompted us to raise our value-added production estimate for the Samalaju smelter to up to 40% of total production by FY18. That, on top of our assumption of higher aluminium prices, led us to raise our estimates by 22.4%/35.5% for FY14/FY15. We also ascribe a nominal terminal value on it at MYR425m vs nil previously. Our fully-diluted DCFbased FV rises to MYR7.38 (20% discount to our DCF), implying undemanding 15.0x/10.5x P/Es and 2.1x/1.8x P/BVs on its FY14F/FY15F respectively. We believe its verbal commitment of a 30%-50% dividend payout ratio may support a further re-rating. BUY.
If aluminum price continue up, this share easily can more than RM 10, from april until now already up RM 3 in 4 month time, everage 0.75 per month..and the TP keep on change to higher TP. Latest is RM7.38 by RHB. look like will break on Oct 2014. By looking the Aluminum Historical Charts - LME Stocks, it will be lowest than 2010 end of this year..which mean the price will go to 1.2 USD/ lb..now only 0.87 USD/lb. http://www.kitcometals.com/charts/aluminum_historical.html buy at your own risk.
3 situation will happen on next Monday: a. Correction price. b. Correction price but then rebound back ( fr red to green ) c. Continue to bullish toward RM6.00. (50% 50%@ half chance )
If really aluminium price continue to go up, I will add some more 5000 units@PMETAL next week. Hard to predict next Monday, consolidate for 4 to 5 days might happen but maybe not.
Just check top 16 holder for pmetal take up 55% of share, corporate & institute take 14%, mean still have 30% on public but hard to see this 30% flow on market...mean a lot buyer buy and hold this share for long term. Should be good news to investor.
我觉得很难讲,如果price correction 8 cent - 12 cent, 那么我会进2 lots. if correction 15- 20 cent, I think will add another 3 lots. ( my stretegik only ).
2nd condition, if really bullish like 1.8.2014 yesterday above or near to RM6.00, Then I add 2 lots directly. Once fr green turn to red, I will add another 3 lots.
In 31.7.2014 Thursday, RHB Cover report juz came out fr oven ( 新鲜出炉) 那时不太多人知道。今天华文报纸也没卖这新闻。 ( fr internet right now 8:48 pm, Malaysia Biz Business, The new strait Time, Kinibiz also dint talk about PMETAL ) 今天或拜一应该会刊登在经济版。
不要想这样多,wkkht. Price up or down is mostly depend on market & big fish or big fund & maket global.
i starte selling my CA, LA few months ago, latest transactions was just 2 weeks ago, total of about 100 lots and that cost me > than MYR250k. i will hold on to my remaining 100 lots of mother share till it hit MYR6.50
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....
dodo2368
158 posts
Posted by dodo2368 > 2014-07-31 14:53 | Report Abuse
yes..