Posted by Awet91 > 2017-11-01 09:48 | Report Abuse

Keep sikit2 la untuk bonus issue

Posted by telusdansuci > 2017-11-01 09:53 | Report Abuse

Terima kasih banyak-banyak kepada semua , ya . Pmetal boleh dan tetap boleh .

Posted by tianjin > 2017-11-01 09:55 | Report Abuse

The money is yours and the investment decision is also yours , to sell , to buy or to hold is up to you . Pmetal boleh dan tetap boleh !

Posted by Bizfuneng > 2017-11-01 10:25 | Report Abuse

PMetal TP 5.30 RHB.......Great!!!!

Report:
RECOMMENDED: BUY
TARGET PRICE: MYR 5.30
PRICE: MYR 4.43
The strengthening of aluminium prices has prompted us to raise our 2018-2019 earnings estimates by 13-33%. Nonetheless, we are maintaining our 2017 earnings forecast due to forward hedging. With its market capitalisation now in excess of MYR16bn, we also believe that the stock could be included in the FBMKLCI Index by the end of this year. We maintain our BUY recommendation with a higher DCF-derived TP of MYR5.30 (from MYR3.80, 20% upside).





Aluminium prices surpassing USD2,100/MT mark. Although management has taken up a hedging policy up to 1H18, the recent run-up in aluminium prices has opened up opportunities for management to hedge at much higher aluminium prices for 2H18 and beyond. Currently, aluminium spot contract at the London Metal Exchange is hovering at above the USD2,100/MT mark, the highest in more than three years, as China imposes restrictions on industrial output over winter to reduce smog pollution.



Possible inclusion in the FBM-KLCI Index. With the recent uptrend of its share price, Press Metal’s market capitalisation is now in excess of MYR16bn. With the company’s market capitalisation now ranked as 24th among FBMKLCI constituents, we believe the stock could be included in the index at the end of this year. We also think the stock could be included in regional benchmark indices. Having said that, local institutional holdings remain low at around 9%, while foreign institutional holdings are at 5.5%.



Key drivers include:



Commissioning of Samalaju Port in July (capable of handling Panamax vessels) 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, with the spot contract at the London Metal Exchange hovering at above the USD2,100/MT mark;

Prolonged weakness in MYR benefits the company as a third of its production costs are denominated in MYR while revenues are in USD.



Forecast and risks. We revise up our aluminium price assumption to USD1,925/MT (from USD1,700/MT) for 2018, and to USD2,118/MT (from USD1,726/MT) for 2019 to reflect the increase in aluminium prices.As a result, our 2018-2019 earnings estimates are upgraded by 13-33%. Our 2017 earnings forecast is maintained. Key risks include downward pressures on aluminium prices, and a sharp weakening in the USD that may hurt its profitability. In addition, unexpected power supply interruptions at its smelting plant may damage machineries and disrupt its operations.

Maintain BUY with higher TP. We continue to like the company and maintain our BUY recommendation. Our DCF-derived TP is revised up to MYR5.30 after factoring in the revision in earnings estimates. Our new TP implies 2018F P/E of 23x, which is close to +2SD of its historical P/E – we believe this is justified given Press Metal’s projected 3-year earnings CAGR of 36%.

Posted by plaxo 88 > 2017-11-01 10:27 | Report Abuse

Rising sun...still long way to go....hold and add some more!!

Posted by astalavista > 2017-11-01 10:48 | Report Abuse

Yeah..bonus issue may come again :)

Posted by LilyLL > 2017-11-01 11:08 | Report Abuse

Still waiting 4.70 buy in

Posted by Bizfuneng > 2017-11-01 11:10 | Report Abuse

Good luck

Posted by jack daniel > 2017-11-01 11:12 | Report Abuse

pmetal............... muuuuakh............

Posted by truthseeker516 > 2017-11-01 11:19 | Report Abuse

@bizfuneng where do you get the news? source?

Posted by 林俊松 > 2017-11-01 11:20 | Report Abuse

This telusdansuci really earn a lot of money~

Posted by tianjin > 2017-11-01 13:09 | Report Abuse

http://www.theedgemarkets.com/article/press-metal-continues-ascend-possible-inclusion-fbm-klci?type=malaysia

Posted by Konoyaro > 2017-11-01 13:24 | Report Abuse

boommm

Posted by Bizfuneng > 2017-11-01 14:42 | Report Abuse

RHB website.


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Posted by truthseeker516 > Nov 1, 2017 11:19 AM | Report Abuse

@bizfuneng where do you get the news? source?

Posted by meistsk3134 > 2017-11-01 14:57 | Report Abuse

Pmb tech fast than pmetal why

Posted by WavesRider > 2017-11-01 15:06 | Report Abuse

havent been posting any trade on i3. things going great! i bought pmetal on 15sep 3.5946. i sold it today at 4.80. 33% gain in 45days. you guys have fun. thank you PMETAL.

Posted by kenlee > 2017-11-01 15:16 | Report Abuse

will go 8-9

Posted by LilyLL > 2017-11-01 15:40 | Report Abuse

This afternoon Pmetal so quiet engine Oledi stop

Posted by Goldchia MH > 2017-11-01 15:49 | Report Abuse

五文五角哦

Posted by ttluck > 2017-11-01 17:50 | Report Abuse

TQ Pmetal......most stable share i had in hand......i believe bonus and split coming soon....

Posted by Awet91 > 2017-11-01 17:52 | Report Abuse

Im waiting for split heheh

Posted by charles_cty > 2017-11-01 17:56 | Report Abuse

ya...waiting split or bonus too...once split will buy more.....

Posted by LilyLL > 2017-11-01 17:58 | Report Abuse

2moro hit tp5.00 pmetal

Posted by LilyLL > 2017-11-01 19:29 | Report Abuse

I buy 4.73 today

Posted by telusdansuci > 2017-11-01 19:33 | Report Abuse

https://www.investing.com/commodities/aluminum

Posted by SHC70 > 2017-11-01 19:46 | Report Abuse

https://www.klsescreener.com/v2/news/view/300589/综指股英美烟草-或被齐力取代

Posted by SHC70 > 2017-11-01 19:47 | Report Abuse

Happening soon

Posted by SHC70 > 2017-11-01 19:52 | Report Abuse

https://www.klsescreener.com/v2/news/view/300481/bat-shares-down-press-metal-hits-all-time-high

Posted by Stock Kingdom > 2017-11-01 21:20 | Report Abuse

Unbelievable

Posted by Peng1185 > 2017-11-01 21:54 | Report Abuse

SHC70, can't read from your links, it's blank thanks

Posted by mancingbursa > 2017-11-02 04:29 | Report Abuse

? !!

Posted by kevin008 > 2017-11-02 08:38 | Report Abuse

https://m.facebook.com/story.php?story_fbid=2043292725890782&id=2017748508445204

Posted by JKWIN > 2017-11-02 08:48 | Report Abuse

wish pmetal stock price can keep up same as BAT stock price

Posted by tony__kow > 2017-11-02 09:04 | Report Abuse

5...............coming

Posted by mongmongcaca > 2017-11-02 09:09 | Report Abuse

These few days, 4pm onwards price go down

Posted by LilyLL > 2017-11-02 09:40 | Report Abuse

Why? Down

Posted by telusdansuci > 2017-11-02 09:44 | Report Abuse

Either by today or tomorrow Press Metal may break TP Rm 5.00 , if PMB TECH break above Rm 4.00 . Press Metal memang boleh ,pasti boleh dan tetap boleh . Terima kasih banyak-banyak to Press Metal .

Posted by kitmanworld > 2017-11-02 10:00 | Report Abuse

4PM these few day ppl are buying and selling hard hard....that's why during this time the pricing fluctuate

Posted by telusdansuci > 2017-11-02 10:30 | Report Abuse

Do you know why PRESS METAL and PMB TECH suddenly going up so fast ? No need to explain also we understand already ( sama-sama faham sudahlah ) . To get big ANG POW from Press Metal , you should strongly trust the management because this company really run by a very good teams . " Pemimpin-pemimpin yang sihat juga melahirkan syarikat yang sihat ". Terima kasih banyak-banyak .

Posted by mancingbursa > 2017-11-02 10:37 | Report Abuse

Kanina.... Gap up lagi gap ! Wait for me to buy leh...

Posted by truthseeker516 > 2017-11-02 10:44 | Report Abuse

what's the relationship between Press MEtal and PMB Tech?

Posted by meistsk3134 > 2017-11-02 11:09 | Report Abuse

Election coming ?

Posted by Ricky Yeo > 2017-11-02 11:16 | Report Abuse

telusdansuci - Care to elaborate more how do you define 'very good teams'? Because the share price has run up? The earnings? Or something else. As my understanding, share price sometimes has little correlation with the capability of management

Posted by luckyjb > 2017-11-02 11:56 | Report Abuse

yes agree with telusdansuci, they have good management. The management know how to get bigger exposure for the company to get fund and use the best way to fund not by loan but by other way, this is what i heard from friends, that's y i invest in this company...

Posted by luckyjb > 2017-11-02 12:11 | Report Abuse

telusdansuci , u can explain more, bc i only heard from friend, i myself also dont know how to explain more...

Posted by Ricky Yeo > 2017-11-02 13:38 | Report Abuse

Yes I am interested to know. Pmetal earning growth looks impressive from $20 mil to $480 mil in the span of 10 years but that tells us nothing. It's like saying I ran 20km yesterday. Certainly impressive, but how long did it take? 1 hour? 24 hour?

Over the past 10 years, Pmetal injected approx $5 bil capital into the business (equity + debts), so measured it this way against their earning growth, the incremental return over 10 years averaging 9%+ is nothing to shout about. Hence I curious to know why someone regard Pmetal has great management for generating 9% long-term return. Comparatively, there are companies that consistently generated 15-20% long-term return.

Posted by Bizfuneng > 2017-11-02 13:51 | Report Abuse

Hi Ricky nice for u to pop up here. Sure can learnt alot from you as always. RHB had came up with 4 or 5 reports update on PMetal.

What are your comments on RHB analysis? Highly apprec ur kind high and low lites of those reports. Tq.

Posted by Ricky Yeo > 2017-11-02 14:05 | Report Abuse

Hi Bizfuneng, how have you been? What's their key points to support a higher valuation for PMetal?

Posted by newbie4444 > 2017-11-02 14:06 | Report Abuse

Will it be a trap set by UOB like Ekovest? Ekovest was said TP 1.55 and later reduce to 1.04.

Posted by JKWIN > 2017-11-02 14:43 | Report Abuse

If u trust Pmetal QR is good, just keep it. Else sell it. So simple explanation.