Posted by Hunger > 2017-05-20 10:50 | Report Abuse

http://www.theborneopost.com/2017/05/20/capacity-upgrades-to-propel-press-metals-fy17-fy18/

Posted by LilyLL > 2017-05-20 12:57 | Report Abuse

Why good new Pmetal still drop!

Posted by Peng1185 > 2017-05-20 16:08 | Report Abuse

To allow ppl to collect more.
Cheap sale lor... who bought in the morning pay pretty high price yesterday.

Posted by Hunger > 2017-05-20 16:39 | Report Abuse

not really,unless those contra players.else if hold long term,capacity output increase,aluminium price increase,costsaving in logistic,should be no prob for pmetal

Posted by Peng1185 > 2017-05-20 16:56 | Report Abuse

But conveyer belt logistics yet to be ready but when?

Posted by Hunger > 2017-05-20 17:56 | Report Abuse

the logistic conveyer samalaju port -2nd Quarter 2017
also this year increase capacity to 720,000 output

Posted by Hunger > 2017-05-20 18:01 | Report Abuse

Would be better to ask durint AGM.they could give answers to all

Posted by paktua73 > 2017-05-20 20:22 | Report Abuse

q abit at 1.68 oldman dare cross side ha ha old man always dive alone

Posted by Hunger > 2017-05-21 01:09 | Report Abuse

http://www.westmetall.com/en/markdaten.php?action=show_table_average&field=LME_Al_cash

Based on the data,aluminium stock still going down and price will go up if china continue to cut down illegal smelters

Posted by Hunger > 2017-05-22 08:12 | Report Abuse

Rhb T.p 3.66 news finally out

http://www.thestar.com.my/business/business-news/2017/05/22/press-metal-likely-to-do-well-with-cost-saving-measures-higher-prices/

Posted by goodjoe > 2017-05-22 08:23 | Report Abuse

Thanks for sharing hunger

Posted by Hunger > 2017-05-22 08:48 | Report Abuse

welcome =)

Posted by RJ87 > 2017-05-22 10:18 | Report Abuse

I think Kenanga assessment is more accurate with Forward PE of 17 at EPS18.5 for RM3.20.

Unless, RHB has info that the RM2.2B revenues is from 80% of it's plant maximum capacity that would grow to RM2.4B, 10% savings from Samalaju port, improved 5% efficiency and sesco gives 5% discount on electricity.

Then, market would trade at Forward PE 20~21 for RM3.8 even.

funny thing is, the market is not trading at RM3.20 even. I think it's a great time to collect before it does.

Posted by telusdansuci > 2017-05-22 11:17 | Report Abuse

The company did not purchase any of its shares since its approval granted at the AGM in 2015 ( Share Buy-Back Statement , page 18 ) . This time after the AGM on 15 June 2017 , hopefully they can make it . That's why they try to press down the share price . For me, i will fight to the end because no reason the share price of Pmetal can't reach target price above Rm 3.00 . Pmetal boleh dan tetap boleh .

Posted by Hawks > 2017-05-22 11:22 | Report Abuse

Jia yu

Posted by magus > 2017-05-22 11:38 | Report Abuse

the company should focus on doing what it does best and that is improving efficiencies and profits, it should not bother with the share buyback as the money used to buy the shares back can be used for more profitable activities. why bother to depress the price for share buybacks? this is not the best way to use the resources of the business.

Posted by kevin008 > 2017-05-22 11:40 | Report Abuse

there are 134.362m one off forex loss for Q1 2017
pmetal still can make profit 148m
next qtr will hit at least 250m profit haha

Posted by kevin008 > 2017-05-22 11:45 | Report Abuse

if can maintain 250m per qtr eps for 1 year 0.268 ..pe 15 rm4.02 haha

Posted by RJ87 > 2017-05-22 15:20 | Report Abuse

you mean EPS 6~8 for 4 rolling quarters izzit? If it does, RM4 leng leng nia.
But now struggling at EPS 4. That, difficult to say.

If hunger is right, increasing to 720000 tonnes this year. Means revenue of RM2.2B is from production less that its maximum capacity. Like this, confirm hoseh liao!

BUY! BUY! BUY!

Posted by Hunger > 2017-05-22 15:53 | Report Abuse

Just waiting for AGM lor.maybe correct also they try to press down the price so they can buyback

Posted by charles_cty > 2017-05-22 15:59 | Report Abuse

the price stagnant at this price.....when there is buyer bought at 2.74..then will be seller sold at 2.73...follow chart it should be able to reach 3 before dividend expiry...let hope and wait...

Posted by gcke > 2017-05-22 16:05 | Report Abuse

Metal price trends can always be predicted quite accurately:
1.Two months before the QR announcement the price will gradually move up.One day 2cents,5cents or in more bullish times 9cents.Average price up about 6-7cents.
2.After the publication of the QR the price will consolidate quite awhile like what is happening now.During such period the price will either move up 1-2cents and drop 1-2cents along the way.Maybe during such period mild price correction will take place
3.Expect the price to hover around this price before it moves again 1-2 months before the next QR.Provided the global market place economy is free of sudden upheavals.

In stock investing,such price trending and momentum is quite typical.

Posted by coco29317 > 2017-05-22 16:27 | Report Abuse

everyday start lelong after 4pm

Posted by Hunger > 2017-05-22 17:00 | Report Abuse

even analyst point out pmetal underweight now,overweight sector are all banks,oil and gas,healthcare,construction,aviation,basic material,tech and logistic

Posted by charles_cty > 2017-05-22 17:17 | Report Abuse

chart shown this price is oversold price...good result, fundamental strong, ALM price average still high, support with dividend.....the only reason is purposely press down............on another view perhaps it is good for all to accumulate more...

Posted by tyran > 2017-05-22 18:04 | Report Abuse

@RJ87, your question is answered here: http://www.thestar.com.my/business/business-news/2017/05/22/press-metal-likely-to-do-well-with-cost-saving-measures-higher-prices/

Earnings at Press Metal Bhd, one of the biggest aluminium producers in the region, is projected to reach a new high this year on cost saving measures and higher product prices, analysts said, even as the company’s smelters in Sarawak ~~are already running at full capacity~~.

This means that any future profit increase has to come from cost savings or efficiency improvements, not increasing production volume

Posted by RJ87 > 2017-05-22 18:19 | Report Abuse

And that is not a new news. It's smtg we all know 2 quarters ago. Since we all already know that Revenue has hit its ceiling.

Let's just hope, they do not lose another RM150million on forex. Then, EPS will be 6~8 next qr to bring the PE back to 20. If PE 20, RM3.7 based on 18.5sen.

Mirror, mirror on the wall...adakah EPS 6~8sen possible?
Someone go ask the CEO or the CFO. PM me later. If good news, I will go..."Ohhhhh yeeaaahhhhh!"

Posted by Hunger > 2017-05-22 18:57 | Report Abuse

True on the output of aluminium.thats why by right should go above rm3 easily...

Posted by happy123 > 2017-05-23 10:21 | Report Abuse

"barring any unforeseen circumstances......", good to see the price consolidation within this range and should see it surge above $3 after that

Posted by telusdansuci > 2017-05-23 11:09 | Report Abuse

Kejatuhan ini disebabkan oleh ' Wayang ' saja dan bukan disebabkan oleh fundamental syarikat . Percayalah Pmetal sebab Pmetal memang boleh dan tetap boleh .

Posted by ViWizard > 2017-05-23 14:59 | Report Abuse

cantek

Posted by ttluck > 2017-05-23 16:54 | Report Abuse

its trend always like tat....it only bonus to those hold longer term....it will surprise U....

Posted by Lucas Chan > 2017-05-23 22:42 | Report Abuse

Recently pmetal falling down it may due to the dividend 1.5sen only...so less

Posted by magus > 2017-05-24 10:39 | Report Abuse

the dividend is only icing, the real cake is pmetal's improvement in logistics efficiency when samalaju port becomes commissioned and starts operations in 2H 2017; then pmetal's price will naik laju.

Posted by moneykj > 2017-05-24 14:39 | Report Abuse

Let him sleeping for a while. Also check on KUB.

Posted by meistsk3134 > 2017-05-24 21:15 | Report Abuse

ALUMINIUM COMPANY OF MALAYSIA

Posted by charles_cty > 2017-05-25 10:03 | Report Abuse

someone keep throwing....push down the price...

Posted by jack daniel > 2017-05-25 10:17 | Report Abuse

some one keep buying........ aluminium price 1950.....

Posted by tony__kow > 2017-05-25 10:18 | Report Abuse

chance is coming

Posted by charles_cty > 2017-05-25 10:20 | Report Abuse

commodities stock all drop this 2 days.....

Posted by jack daniel > 2017-05-25 10:20 | Report Abuse

yeah...... fear people get loss....... no holding power............

Posted by magus > 2017-05-25 10:28 | Report Abuse

could be the employees with esos shares selling; after all festive season coming up, need to prepare for the coming celebrations

Posted by yizzy > 2017-05-25 10:28 | Report Abuse

Can i know why this counter keep dropping? Any comments?

Posted by bluemoon22 > 2017-05-25 10:32 | Report Abuse

a lots steel n aluminum share drop, anyone know why?

Posted by charles_cty > 2017-05-25 10:33 | Report Abuse

i think is purposely press down......small amount sold at 1.66 and big amount bought at 1.67... then repeat again....mayb is chance to collect low...

Posted by jack daniel > 2017-05-25 10:38 | Report Abuse

its time to climb up................ hold for another 6 month...... sure win....

Posted by telusdansuci > 2017-05-25 10:50 | Report Abuse

Pmetal can make you feels happy and also sad . Sometimes our wife also make us feel like that . The only thing is patience and keep quiet .Yes, they are purposely pressing down the price so they can buy back low . Don't worry because Pmetal tetap boleh dan memang boleh .

Posted by kevin008 > 2017-05-25 11:12 | Report Abuse

dun simply said aluminium price drop..latest price is usd 1947 per ton
Jan-Mar'17 price around 1800-1900
Apr'17 to latest price above 1900
Beside there are 134.362m one off forex loss for Q1 2017
This share at least RM3.50 and future blue chip

Posted by JKWIN > 2017-05-25 11:43 | Report Abuse

http://www.westmetall.com/en/markdaten.php?action=show_table&field=LME_Al_cash

Posted by mneo > 2017-05-25 12:09 | Report Abuse

https://m.investing.com/commodities/aluminum# 1948 per ton now....