I believe Pmetal trending down is related to MYR getting stronger ( assume it is mild export counter) and Al LME price drop from 1960 to 1867 within 2 weeks .
goldman said LME will be 2100 in one year time... i also dont understand why LME dropping recently... but seem already found strong support before advancing again....
Presently,vide the Technical Price Charts-MA,MACD,RSI the stock is presently bearish.Quite normal after a good run from ex-Bonus and Split to the current price.Market price will move up and down.
Patient investors will be handsomely rewarded:-)))
From the graph, the LME is consider on uptrending.
FYI: Pmetal driven by a ramp-up to full capacity, higher aluminium prices, a weak ringgit and cost savings in logistics. A major potential catalyst will be a further 50% expansion at its Samalaju plant. Initiate coverage with BUY and target price of RM3.30, based on a 17x fully-diluted 2018F EPS.
If the Aluminium price is on upper trend, so do the earning.
Further to that, they yet to announce the quarter dividend, the rush will follow soon. Hold still. If as what LilyLL say, if it fall to 2.69, it is a good time to add more, as this counter, never fail to repeat history (high point of RM3.00) and create better future (Higher than RM3.00).
Confident is from yourself, not given. If you beleive the counter can do better, it definitely will. Do not frustrated over small drop.
Posted by coco29317 > May 11, 2017 10:25 AM | Report Abuse
the rise price of the aluminium doesnt reflect on this counter.
what you saying??? the rise of aluminium price will affecting the performance of Pmetal.. and the depreciation of MYR vs USD... but what is special about Pmetal is the cost effectiveness of its operation.. cheap energy and logistic... and it is producing more and more of value added product... more margin... the LME can climb higher then definately it will be a bonus for pmetal. but at current price the result will be good too..
I did read the news.thats chinas prob not ours.cos president xi promised trump 100 days later they will see the result of anti dumping steel issue.that is china promised to mr trump
Why depend on china?totally not related.USA is forcing china to control their output.so aluminium price rise and we benefit from it.try going press metal website to check their customer.even dato koon say the slowing down on china production is helping him a lot
Always remember " Berani kerana benar dan takut kerana salah " . Apa mahu takut dan ' tulan ' terhadap Pmetal kalau kita betul-betul percaya dan yakin terhadap masa hadapan syarikat Pmetal . Percayalah Pmetal kerana Pmetal boleh dan tetap boleh .
Aluminium price up , what the point. PMETAL is still around at 2.80 for so long . Really tulan with it lor, still don't Wan to release the QR aaa. ....
patience peng1185, just wait for qr announcement. Pmetal is not a punting stock, it is to be held for at least 6 to 12 months for meaningful gains. you want activity and thrills, go for IWC or dnex o
well this is wat i said the price still go down down down down even though yesterday aluminium price up. All this while i thought the momentum price of penny stock is scary but this counter is even worse, price increase takes three weeks time but go down only few days time. i can understand if its a lousy counter , in fact it is not and it is a counter should worth at least rm3.00 and beyond. But now, acting like a donkey .
haha contra player where can tahan.prolly ppl like me,hot blooded type also cant tahan.but when u least expect it,it will go up.thats why pmetal=dulan counter
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....
Sigmund1118
54 posts
Posted by Sigmund1118 > 2017-05-11 07:42 | Report Abuse
I believe Pmetal trending down is related to MYR getting stronger ( assume it is mild export counter) and Al LME price drop from 1960 to 1867 within 2 weeks .