PRESS METAL ALUMINIUM HOLDINGS BERHAD

KLSE (MYR): PMETAL (8869)

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Last Price

5.33

Today's Change

-0.03 (0.56%)

Day's Change

5.30 - 5.38

Trading Volume

1,160,900


18 people like this.

15,895 comment(s). Last comment by Augustine 1 week ago

Joel

4,580 posts

Posted by Joel > 2014-08-26 13:53 | Report Abuse

fr BFM radio interview: one of the point ...

1. Only One in Malaysia who produce raw material@PRESS METAL !

Joel

4,580 posts

Posted by Joel > 2014-08-26 14:01 | Report Abuse

在BFM 里,听了CEO 的解析后,
不排除PRESS METAL 股价会再次上升,
很难估计,这九月份2014里可达RM7.00 - RM8.00。
(我听了7次,listened repeatly )

8wpwtmt8

2,949 posts

Posted by 8wpwtmt8 > 2014-08-26 15:10 | Report Abuse

Time to accumulate now for longer term. When this PMETAL goes up, iits gain could be double digits. That time only you want to chase?

turbo88

126 posts

Posted by turbo88 > 2014-08-26 15:17 | Report Abuse

wow!!...sure boh, double ?

Steven Yong

1,251 posts

Posted by Steven Yong > 2014-08-26 15:19 | Report Abuse

PMETAL chased up a lot liao, another good 1 is MSC

Joel

4,580 posts

Posted by Joel > 2014-08-26 15:49 | Report Abuse

Yes, sure double digits.

Joel

4,580 posts

Posted by Joel > 2014-08-26 15:53 | Report Abuse

Dun compare MSC with Press Metal.
MSC 根本没得比较!

Joel

4,580 posts

turbo88

126 posts

Posted by turbo88 > 2014-08-26 16:05 | Report Abuse

, quite different end product..one is tin the other is alu...so can't compare like with like..

Joel

4,580 posts

Posted by Joel > 2014-08-26 16:25 | Report Abuse

现在不买,等到下次可能需要付更加多CASH 才可买到PRESS METAL。
( Buy 1 lot per RM6.70@Pmetal )

Posted by 360Capitalist > 2014-08-26 16:47 | Report Abuse

I believe it is time for company to submit Bonus issue 1 for 1 to Bursa Malaysia soon,
Approval should be very fast and hopefully can complete by mid October.

So for usual case, bonus issue rally will start after submission.. Buy now, the Target Price is RM8.50 to 9.00 before ex-date Bonus.

Steven Yong

1,251 posts

Posted by Steven Yong > 2014-08-26 16:49 | Report Abuse

Pmetal as HUGE LOSSES before ok Joel

turbo88

126 posts

Posted by turbo88 > 2014-08-26 16:50 | Report Abuse

??..joel what u mean ?.. thot trading at 6.13 now ?

Joel

4,580 posts

Posted by Joel > 2014-08-26 16:53 | Report Abuse

But Now is diff, kawan .
情况已经大大改变了PRESS METAL , 你说的是以前,别回头看了。

这是历史。

Joel

4,580 posts

Posted by Joel > 2014-08-26 17:03 | Report Abuse

no, I juz reply ans to Steven Yong.

Steven Yong

1,251 posts

Posted by Steven Yong > 2014-08-26 17:06 | Report Abuse

Yeah, I said MSC is going to come out from loses also Joel gor! look into detail before comment.

Joel

4,580 posts

Posted by Joel > 2014-08-26 17:09 | Report Abuse

如果有小叮当的太空船,我都想乘搭,回到APRIL 2014 .

那我就可以买多多LOTS PRESS METAL。

STEVEN, 可是我们不可能回到以前。

8wpwtmt8

2,949 posts

Posted by 8wpwtmt8 > 2014-08-26 17:11 | Report Abuse

360Capitalist, I have called up Maybank Investment Bank (the undertaker) and the lady in charge said that all the paper work is ready. It is up to the company to give green light for the submission of application to Bursa Malaysia. It will not be later than 11.09.2014 and Bursa Malaysia will take 10 market days to approve it.

8wpwtmt8

2,949 posts

Posted by 8wpwtmt8 > 2014-08-26 17:17 | Report Abuse

Today's closing price of 6.15 is not too bad. Hoping for a better tomorrow especially if the interview with the CEO, Dato Koon Poh Keong, is published in a few newspapers.

Posted by 360Capitalist > 2014-08-26 18:05 | Report Abuse

8wpwtmt8..Thanks for Good follow -up with Maybank on Bonus submission, Hopefully within these 2 days. Chartwise it has show good support at RM6,11 and we hope PMetal has good showing tomorrow and expect another strong uptrend wave started soon if break RM6.28 and RM 6,55 with short term target price at RM7.55..

8wpwtmt8

2,949 posts

Posted by 8wpwtmt8 > 2014-08-26 20:32 | Report Abuse

Good news, good news. Aluminium price hits another all time high. Last time it was US$0.9186/lb (or US$2025/tonne). Currrently it is US$0.9259/lb (or US$2041/tonne)

Posted by 360Capitalist > 2014-08-26 23:58 | Report Abuse

LME OFFICIALS: Aluminium prices hit $2,100 on surprise jump in US aerospace orders

http://www.metalbulletin.com/Article/3374076/LME-OFFICIALS-Aluminium-prices-hit-2100-on-surprise-jump-in-US-aerospace-orders.html

Posted by 360Capitalist > 2014-08-27 15:28 | Report Abuse

World Largest Aluminium Smelter RUSAL cuts aluminium production by 10.8%
2014.. World Aluminium Deficit Increased to 1.5 Million metric tonnes

http://en.itar-tass.com/economy/746849

CCV2013

121 posts

Posted by CCV2013 > 2014-08-27 15:51 | Report Abuse

Running...!!!

8wpwtmt8

2,949 posts

Posted by 8wpwtmt8 > 2014-08-27 15:57 | Report Abuse

There is not much resistance from 6.24 to 6.28. According to Mr360Capitalist, the resistance of 6.28 must be broken convincingly in order to have a stronger uptrend.

CCV2013

121 posts

Posted by CCV2013 > 2014-08-27 16:07 | Report Abuse

why is it that bonus share will result in the mother share to raise higher? What will be the effect after bonus share?

8wpwtmt8

2,949 posts

Posted by 8wpwtmt8 > 2014-08-27 16:16 | Report Abuse

Usually bonus issues got four catalysts, i.e. (1) When Bursa approves the bonus issues application (2) One day after EGM (3) Five trading days before the ex date (4) The first day after ex. Three long months to wait for the whole process to be completed.

Just look at the charts of GKENT and OKA (uptrend).

Joel

4,580 posts

Posted by Joel > 2014-08-27 16:24 | Report Abuse

Keep buy !

CCV2013

121 posts

Posted by CCV2013 > 2014-08-27 16:27 | Report Abuse

Thanks... 8wpwtmt8

8wpwtmt8

2,949 posts

Posted by 8wpwtmt8 > 2014-08-28 07:33 | Report Abuse

http://www.kitcometals.com/charts/aluminum_historical_large.html
Wednesday aluminium price closed at US$0.9227/lb (or US$2043/tonne). Another record closing high.

Posted by 360Capitalist > 2014-08-28 09:22 | Report Abuse

The price is US$0.94/lb and Technically, it should moving to 0.95 to 0.97 level soon
http://www.infomine.com/investment/metal-prices/aluminum/

Latest closing at LME : US$ 2081.50 per metric tonne
http://www.lme.com/en-gb/metals/non-ferrous/aluminium/

Posted by impreza2388 > 2014-08-28 11:12 | Report Abuse

yippie.......哈哈哈

turbo88

126 posts

Posted by turbo88 > 2014-08-28 11:34 | Report Abuse

哈哈哈....哈哈哈...!!!!!!

Posted by 360Capitalist > 2014-08-28 11:35 | Report Abuse

PMetal > Strong surge ahead with multiple good news flows:
1) Bonus Issue
2) Aluminium Shortage : Rusal cut capacity by 10,8%.. Deficit is estimated at 1.5 Mil MTonnes
3) New Round of Prices Rally boost by United States Durable Goods Index,,, Automotive and Commercial Aircraft.
4) First Time Aluminium Supply Deficit in 25 years. Aluminium prices should be reaching the Peak at USD3400 by 2015/2016, The current price of USD2100 is in big discount.
5) Aluminium Premium hikes by Smelters to Japanese Buyers from Q3' 2014 USD400 ~ 408 to USD 420 ~ 460 in Q4' 2014..

turbo88

126 posts

Posted by turbo88 > 2014-08-28 11:48 | Report Abuse

wah...u really bullish....what's ur take on the target price ?

Posted by 360Capitalist > 2014-08-28 12:09 | Report Abuse

The Sky is limit,,
Aluminium price is still at early stage of bull run.. USD2100, The all time high prices USD 3400..
The industry shortage caused by Smelters down-sizing and closed down unprofitable division will ensure the price moving higher towards USD3400. The new demand from Mammooth Industry - Automotive Sector, Commercial Aircraft and Electronic Gadgets will ensure strong demand to sustain the aluminium prices.

Just Imagine how much is the profit PMetal is going to make if LME Spot Rate at USD 3000 plus Hefty Aluminium Premiums (Minimum USD500 from 2015 onwards : The answer is more than RM1Billion to RM2Billion per year,,

This will make Koon Family The Next Top 20 Richest Man In Malaysia

CCV2013

121 posts

Posted by CCV2013 > 2014-08-28 15:01 | Report Abuse

Is this sustainable?

8wpwtmt8

2,949 posts

Posted by 8wpwtmt8 > 2014-08-28 15:28 | Report Abuse

Joel's target price of 6.50 (by this week) is broken through at 3:22 pm Thursday.

8wpwtmt8

2,949 posts

Posted by 8wpwtmt8 > 2014-08-28 15:40 | Report Abuse

360Capitalist second resistance price of 6.55 is broken through at 3:40 pm Thursday.

rchi

20,923 posts

Posted by rchi > 2014-08-28 15:43 | Report Abuse

bonus issue x date announcement soon.

Posted by 360Capitalist > 2014-08-28 15:48 | Report Abuse

Don't worry about Target Price.. EPS per share for 2015 is minimum 80 cts to 90 cts based on 540 mil shares. It is still very cheap with forward PE below 9.

The bonus issue 1 : 1 should provide catalyst for further upside and upsurge in aluminium prices should be sustainable with new automotive demands and deficit in worldwide supply.

8wpwtmt8

2,949 posts

Posted by 8wpwtmt8 > 2014-08-28 15:51 | Report Abuse

The bonus issues application has not even been forwarded to Bursa Malaysia yet. Based on AEON who used Maybank IB as their underwriter, their application was forwarded to Bursa after 1 month time. So, the expected date for PMETAL's application to reach Bursa's hands will be 12.09.2014 and Bursa will take 10 market days to approve it.

zumo

1 posts

Posted by zumo > 2014-08-28 16:06 | Report Abuse

Hi all, I am new bird here. Does it mean price will continue surging? Infact i got some news the target price will rose til rm15, but i dare not to get it as the market is in redssss.

Posted by 360Capitalist > 2014-08-28 16:35 | Report Abuse

Based on Earning Per Share (EPS) and Forward Price Earning Ratio,
The fair price as follows :-

EPS of RM 80 cts EPS @ RM 1.00..
Share Price @ P/E 15 RM12.00 RM 15.00
Share Price @ P/E 20 RM16.00 RM 20.00

Joel

4,580 posts

Posted by Joel > 2014-08-28 16:49 | Report Abuse

刚刚才知道PRESS METAL CURRENT PRICE JUZ NOW 。

IM SHOCKED!

相信 AFTER BONUS ISSUE 股价将会在 RM4.50 之间徘徊。

换言之,PMETAL极大可能 这9月里头升到RM8.50 - RM9.00 之间!

Joel

4,580 posts

Posted by Joel > 2014-08-28 16:51 | Report Abuse

RM10.00 我就不敢说,

但RM9.00 的确是有这情况发生在PRESS METAL 身上 !

Posted by 360Capitalist > 2014-08-28 17:29 | Report Abuse

Russia’s Rusal back in black
Global supply deficit more than doubling in the second half of the year to 1.5 million tonnes.

http://www.thestar.com.my/Business/Business-News/2014/08/28/Russias-Rusal-back-in-black/

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