PRESS METAL ALUMINIUM HOLDINGS BERHAD

KLSE (MYR): PMETAL (8869)

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Last Price

4.64

Today's Change

-0.04 (0.85%)

Day's Change

4.61 - 4.70

Trading Volume

5,496,400


18 people like this.

15,935 comment(s). Last comment by SMInvest 1 week ago

Awet91

1,934 posts

Posted by Awet91 > 2017-08-17 10:45 | Report Abuse

Sikit2 lama2 jd bukit.tggu peluang lagi

Hunger

1,292 posts

Posted by Hunger > 2017-08-17 10:50 | Report Abuse

lol.8000 unit X 0.1 cent =Rm800 more than enuf for me.let it drop more

for you maybe rm800 is nothing,rich ppl like u always brag.u keep lor.i am after the profit

Jingweihan

1,605 posts

Posted by Jingweihan > 2017-08-17 11:03 | Report Abuse

....

Leo72

131 posts

Posted by Leo72 > 2017-08-17 11:12 | Report Abuse

Depend on how much u invest

Thomaslky

90 posts

Posted by Thomaslky > 2017-08-17 11:13 | Report Abuse

Hunger, you are so good!! Thumbs up!!

Posted by SuperHeroes > 2017-08-17 11:13 | Report Abuse

The engine on for a while only... so sad

Hunger

1,292 posts

Posted by Hunger > 2017-08-17 11:16 | Report Abuse

Dun worry.maybe noon time or tomorrow engine might start again..

Posted by TheLegend27 > 2017-08-17 11:28 | Report Abuse

if buy the share today also entitle for the dividend? need hold it until when?

Bizfuneng

883 posts

Posted by Bizfuneng > 2017-08-17 11:30 | Report Abuse

Al price 2109 ady. As said nid to deep dive to read the QR. Buy for future and not last q result. Pmetal depat boleh haha

Bizfuneng

883 posts

Posted by Bizfuneng > 2017-08-17 11:36 | Report Abuse

RHB TP 3.88
Kenang TP 4.05

I will keep my Pmetal for more profit.

telusdansuci

1,696 posts

Posted by telusdansuci > 2017-08-17 11:40 | Report Abuse

Pmetal can easily reach TP Rm 3.50 - 3.55 at anytime soon starting from now . Pmetal tetap boleh dan memang boleh . Terima kasih Pmetal .

Hunger

1,292 posts

Posted by Hunger > 2017-08-17 11:46 | Report Abuse

Bizfuneng plz share the report link by rhb

telusdansuci

1,696 posts

Posted by telusdansuci > 2017-08-17 11:55 | Report Abuse

Pmetal belum cukup ' Marah ' lagi mungkin petang ini kot . Pmetal tetap boleh dan memang boleh .

Bizfuneng

883 posts

Posted by Bizfuneng > 2017-08-17 11:58 | Report Abuse

I dun know how. Copy report summary below.

17 AUGUST 2017 11:01AM
Press Metal - Pressing Earnings Higher
RECOMMENDED: BUY
TARGET PRICE: MYR 3.88
PRICE: MYR 3.29
As we expect profitability to improve in the coming quarters, we deem the results to be in line with our and consensus projections. We continue to like the company and maintain our BUY recommendation. However our DCF-derived TP is revised up to MYR3.88 (from MYR3.66, 18% upside) after factoring in still-conservative 0% terminal growth (from -2%). As Press Metal is the largest client for Sarawak Energy, we think it remains in a strong position to renegotiate a favourable tariff after the expiry of the current 20-year PPA.





1H17 earnings within expectations. Press Metal’s 1H17 core net profit of MYR298.2m was within our and market expectations. Revenue was up 42.6% YoY mainly attributable to additional production output generated at its Samalaju phase 2 smelting plant (additional 320,000MT of ingots) and higher metal price of USD1,878.8/MT (vs USD1,543/MT in 1HFY16).



PBT growth of 21.5% YoY was lower compared to revenue growth, mainly due to additional insurance claim in 1H16 of MYR76m. Excluding the insurance claim, core net profit grew 81.1% YoY on the back of higher revenue.



Another record year in 2017. We see room for earnings upside although all pots are operating at full capacity. Key drivers include:



Potential cost savings derived from the new smelter commissioned last year, as it shares common infrastructure, with room to lower power usage;

Commissioning of Samalaju Port (capable of handling Panamax vessels) scheduled for July, would help to cut inland logistics and shipping costs;

Increased value-added production may help to enhance profitability;

Upward bias for the all-in aluminium price, which we believe has bottomed out, with the spot contract at the London Metal Exchange hovering at above USD2,000/MT mark (we have assumed USD1,700/MT for 2018F);

Prolonged weakness in the MYR benefits the company, as a third of its production cost is denominated in MYR while revenues are in USD terms.



Forecast and risks. As we expect its profitability to improve in the coming quarters, we deem the results to be in line (1H17 was 48% of 2017 estimates) with our and consensus projections. We make no changes to our estimates. Key risks include lower aluminium prices that could hurt profitability and investor sentiment towards the counter, while unexpected power supply interruptions at its smelting plant may damage machinery and disrupt operations.

Reiterate BUY, higher TP. We continue to like the company and maintain our BUY recommendation. However our DCF-derived TP is revised up to MYR3.88 after factoring in 0% terminal growth (from -2%). Since Press Metal is the largest client for Sarawak Energy, we think it remains in a strong position to renegotiate a favourable tariff after the expiry of the current 20-year power purchase agreement (PPA).

Hunger

1,292 posts

Posted by Hunger > 2017-08-17 12:00 | Report Abuse

Tqq

ttluck

769 posts

Posted by ttluck > 2017-08-17 12:03 | Report Abuse

if really 3.5.....sell partial first...gain some profit....others keep for long term...oh yeah...

Posted by Honey Comb > 2017-08-17 12:06 | Report Abuse

full report here

Awet91

1,934 posts

Posted by Awet91 > 2017-08-17 12:07 | Report Abuse

KUALA LUMPUR: Press Metal Aluminium Holdings Bhd, the largest integrated aluminium producer in Southeast Asia, posted a net profit of RM150.17 million for the second financial quarter ended June 30, 2017 (2QFY17), up 2.8% from RM146.07 million in 2QFY16, driven by a higher revenue.

Quarterly revenue surged 31% to RM2.08 billion from RM1.59 billion a year ago.

The jump in revenue was mainly due to the additional production output generated by its Samalaju phase 2 smelting plant and higher metal prices in 2QFY17 compared with 2QFY16, the group said in a bourse filing yesterday.

Press Metal declared an interim dividend of 1.5 sen per share, to be paid on Sept 20. The ex-date for the dividend is Aug 30.

For the first half of FY17 (1HFY17), Press Metal achieved a record-high net profit of RM298.22 million, an increase of nearly 24% from RM240.63 million a year ago.

Revenue for 1HFY17 surged 42.6% to RM4.1 billion, from RM2.88 billion in 1HFY16.

Press Metal group chief executive officer Datuk Paul Koon said the group will continue its efforts to enhance its plant efficiency and expand its value-added product lines to further widen margins.

“We are very pleased with our record profit in the first half of 2017, which is our first year running on designed smelting capacity of 760,000 tonnes per annum,” he said in a statement yesterday.

magus

397 posts

Posted by magus > 2017-08-17 12:19 | Report Abuse

buy more pmetal if price dips on market weakness and keep for another 6 months after that. sure untung.

telusdansuci

1,696 posts

Posted by telusdansuci > 2017-08-17 12:19 | Report Abuse

Semua analyst cakap pun lebih kurang sahaja hanya bezanya harga sasaran itu saja . Percayalah Pmetal sebab ia memang boleh . Petang nanti Pmetal ini betul-betul ' Marah ' .Terima kasih Pmetal .

telusdansuci

1,696 posts

Posted by telusdansuci > 2017-08-17 12:34 | Report Abuse

Terima kasih Pmetal dan tunggu kemarahan awak petang ini nanti . Pmetal boleh dan tetap boleh . Always listen to the CEO's message .

Awet91

1,934 posts

Posted by Awet91 > 2017-08-17 14:49 | Report Abuse

See another round and give us $$$

Leo72

131 posts

Posted by Leo72 > 2017-08-17 15:07 | Report Abuse

let it fly
let it fly
let it fly

Peng1185

283 posts

Posted by Peng1185 > 2017-08-17 15:40 | Report Abuse

Hat ar. .... pmetal boleh

Awet91

1,934 posts

Posted by Awet91 > 2017-08-17 16:59 | Report Abuse

Good closing pmetal

meistsk3134

2,368 posts

Posted by meistsk3134 > 2017-08-17 18:33 | Report Abuse

lol woof woof play 10cent and dump earn peanut. just learn new skill, tq hungry

Awet91

1,934 posts

Posted by Awet91 > 2017-08-17 18:33 | Report Abuse

Good qr from pmetal huat la.

meistsk3134

2,368 posts

Posted by meistsk3134 > 2017-08-17 18:33 | Report Abuse

why nobody play pmbtech anak pmetal

Hunger

1,292 posts

Posted by Hunger > 2017-08-17 18:52 | Report Abuse

Sad to see meistsk have to resort to namecalling when he dun even know what he invested in hahahahaha.call all u want.just bought after selling 3.35 and bought back 3.31.im earning all the way lolx.

*Only losers call name cos they know they cant win haahahah.poor meistsk.mama din teach u proper manner

Awet91

1,934 posts

Posted by Awet91 > 2017-08-17 20:09 | Report Abuse

Meistck3134 here are the list for long term ctr and get more $$
Hengyuan,petronm,penta,jhm and vitrox.

meistsk3134

2,368 posts

Posted by meistsk3134 > 2017-08-17 21:58 | Report Abuse

i did buy petronm liihen topglove kossan. i not a person buy and sell as no time monitor share... unlike woof woof sit at office monitor

Hunger

1,292 posts

Posted by Hunger > 2017-08-17 22:26 | Report Abuse

haha .rude boy is always a rude boy.mak BO KA SI as in hokkien.pity ur parents have no manners as well. like father like son

Hunger

1,292 posts

Posted by Hunger > 2017-08-17 22:37 | Report Abuse

not to mention u bought mbsb?hahaha...gg.com lor.good to see god punish ppl like u.say more bad things karma come after u ahahhaha

meistsk3134

2,368 posts

Posted by meistsk3134 > 2017-08-18 04:08 | Report Abuse

Woof woof

Posted by TheLegend27 > 2017-08-18 06:40 | Report Abuse

up too fast today will drop a little fast also.

Bizfuneng

883 posts

Posted by Bizfuneng > 2017-08-18 08:25 | Report Abuse

It still hv a long way to meet its TP. Patience n b rewarded.

meistsk3134

2,368 posts

Posted by meistsk3134 > 2017-08-18 08:36 | Report Abuse

yesterday US market drop.. guess today maintain. most othere share red

Hunger

1,292 posts

Posted by Hunger > 2017-08-18 09:06 | Report Abuse

Red red lor

telusdansuci

1,696 posts

Posted by telusdansuci > 2017-08-18 09:18 | Report Abuse

Pmetal nanti tunjuk kekuatan dan kehebatan yang dimiliki oleh kamu . Buktikan kepada mereka Pmetal boleh dan tetap boleh . Terima kasih banyak-banyak .

meistsk3134

2,368 posts

Posted by meistsk3134 > 2017-08-18 09:36 | Report Abuse

Learn from hungry. Buy drop n sell 10 cent profit

Thomaslky

90 posts

Posted by Thomaslky > 2017-08-18 09:39 | Report Abuse

Anyone here buying Armada share? that share seem like going to rocket...

Hunger

1,292 posts

Posted by Hunger > 2017-08-18 09:44 | Report Abuse

Learn from meistsk better.talk crap bout own share hope it drop more hahahaha.his father teach him d.even teach him to be rude to others.

Pmetal rise so high let it drop like shit so that meistsk will cry

Hunger

1,292 posts

Posted by Hunger > 2017-08-18 09:47 | Report Abuse

Pmetal will pullback like last time for correction again.that time ill be so happy see meistsk cry

Jingweihan

1,605 posts

Posted by Jingweihan > 2017-08-18 10:12 | Report Abuse

Later green ya

Bizfuneng

883 posts

Posted by Bizfuneng > 2017-08-18 10:30 | Report Abuse

Haha.....Pmetal boleh.

meistsk3134

2,368 posts

Posted by meistsk3134 > 2017-08-18 10:54 | Report Abuse

this hunger like to woof woof n blame insult people. nice try.. hunger born from dog or monkey

Hunger

1,292 posts

Posted by Hunger > 2017-08-18 10:58 | Report Abuse

http://www.theedgemarkets.com/article/press-metals-selling-prices-improve-china-reforms

Current share price already reflect fundamental

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