Those who said Press Metal tidak boleh that mean this counter is not suitable for them . For me Press Metal always boleh dan tetap boleh . Terima kasih banyak-banyak .
Press Metal target price for today RM5.50 -5.60 ? Yes, Press Metal really can make it . The uptrend of Press Metal is not because of window dressing 2017 but is due to its strong fundamental and many more in this year 2018 .
Aluminium prices have rebounded to hover above USD2,200.00/tonne.
This was after a temporary blip in early Dec 2017 from slower economic
activities in China due to seasonal factors. We maintain our BUY
recommendation with a higher TP of MYR5.95 (from MYR5.30, 12%
upside) after factoring in a 1% terminal growth (from 0%) as we become
more positive on the company’s future growth. This is on the back of
sturdy aluminium prices and improved operating efficiencies.
Share Data
Avg Daily Turnover (MYR/USD) 49.1m/11.9m
52-wk Price low/high (MYR) 1.74 - 5.39
Free Float (%) 43
Shares outstanding (m) 3,733
Estimated Return 12%
Shareholders (%)
Dato' Paul Koon
no worries telus,sorry for the incomplete report. could not copy properly because I'm on my mobile. will send a complete one I have access to computer! pmetal boleh! selalu boleh!
@ Oreo Oreo is okay and take your time so that everyone in this Press Metal 's forum can share for its and make this counter boleh , memang boleh , selalu boleh dan tetap boleh .
Finally , already hit my target price RM 5.50 . Terima kasih banyak-banyak to Press Metal because no reason for Press Metal can't make it . Press Metal memang boleh dan tetap boleh .
Aluminium prices have rebounded to hover above USD2,200.00/tonne. This was after a temporary blip in early Dec 2017 from slower economic activities in China due to seasonal factors. We maintain our BUY recommendation with a higher TP of MYR5.95 (from MYR5.30, 12% upside) after factoring in a 1% terminal growth (from 0%) as we become more positive on the company’s future growth. This is on the back of sturdy aluminium prices and improved operating efficiencies.
Aluminium prices remain resilient. Aluminium prices have rebounded to hover above USD2,200.00/tonne after a temporary blip in early Dec 2017. We believe the weaknesses are mainly due to seasonal factors, given slower economic activities in China during the winter months. As such, we make no changes to our aluminium price assumptions of USD1,925.00/tonne for 2018 and USD2,118.00/tonne for 2019. This is as we are also aware that most of the 2018’s – and around one-third of 2019’s – positions have been hedged.
Potential upside in aluminium prices. We still see potential upside on the aluminium prices, as currently half of the smelters in China are still loss-making from rising energy costs due to higher coal prices. In addition, we expect the demand and supply situation to be slightly tilted towards a deficit this year, as China continues to impose restrictions on industrial output to reduce smog pollution. Harbor Aluminium, the aluminium industry consultant, also estimates global aluminium demand to grow at an average 5.8% pa until 2020.
Another record year. We are expecting another record year in 2018 for Press Metal. Key drivers include: i. Samalaju Port, which was commissioned last year, would help to cut inland logistics and shipping costs; ii. Increased value-added production to enhance profitability – estimated to increase to 50% (from 30%) by end-2018; iii. 20% JV with Sunstone Development Co Ltd of China to reduce carbon costs in FY18; iv. Potential upside in aluminium prices, with spot contracts at the London Metal Exchange hovering at above the USD2,200.00/tonne mark.
Maintain BUY. We continue to like Press Metal and make no changes to our earnings. However, we raise our DCF-derived TP to MYR5.95 (from MYR5.30) after factoring in a 1% terminal growth (from 0%)). This is as we become more positive on the company’s future growth on the back of the brighter outlook for aluminium prices. Our new TP implies 25x 2018F P/E, 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%.
Key risks include lower aluminium prices that could hurt profitability and investor sentiment towards the counter. Meanwhile, unexpected power supply interruptions at the smelting plant may damage machinery and disrupt operations.
@ Oreo Oreo thanks , i still holding Press Metal shares and also add PmbTech because i know this Koons family's business won't disappointed us . Luckily , last year i moved all my laggard stocks to Press Metal . Terima kasih banyak-banyak . More to come this afternoon? Pmetal memang boleh dan tetap boleh .
If really Press Metal can reached target price RM6.00 before this coming Chinese New Year 2018 , i think should be no problem for Press Metal to reached another new target price RM6.50 - 7.00 in February onward ? Press Metal memang boleh dan tetap boleh .
given the cue on monday, mentioned abt pmetal hitting new milestone. barring al lme dropping, whispers are rhb target price will hit by this month. wont hit 6.00 though big resistance for that - will be highly dependant on year end result and dividend.
Terima kasih banyak-banyak Press Metal kerana telah mencapai harga RM5.50 , iaitu harga tertinggi sekali tahun ini . Press Metal memang boleh , selalu boleh dan tetap boleh . Kebolehan Press Metal tetap akan disambungkan seterusnya bagi tahun ini 2018 .
Next week my target price for Press Metal is RM5.70 . I believe Press Metal can make it and reached TP RM 6.00 before February or in the month of February 2018 . Press Metal memang boleh dan tetap boleh . Done Jones up 220.74 points to 25,295.869 . No reason why Press Metal can't make it and terima kasih banyak-banyak dahulu .
Selamat pagi @Salman , untuk menyaksikan bahawa Press Metal melepasi RM6.00 sebelum atau selepas dalam bulan February ini , kekuatan nafsu kesabaran kena dimiliki oleh kami semua terlebih dahulu . Secara peribadi saya , Press Metal memang boleh dan tetap boleh dan tiada sebab kenapa Press Metal tidak boleh . Terima kasih banyak-banyak .
Pergerakan yang sihat , anyway target price for this week still unchanged RM5.70 ? Invisible hand already given the green light to push its up again ? Keep on waiting for it . Press Metal memang boleh dan tetap boleh .
Memiliki kaunter Press Metal dan PmbTech may give you peaceful mind and free of worrying and also sadness . Tepuk dada tanya selera , adakah Telusdansuci katakan itu benar atau tidak? Press Metal selalu boleh dan tetap boleh . Terima kasih banyak-banyak . Saya pakai bahasa rojak sebab kurang pandai dalam bahasa Inggeris . Maaf ya .
@telusdansuci, whole market is red red red profit taking day, only pmetal stand strong, boleh dan tetap boleh. Hopefully can breakout 5.55/5.6, and also pmbtech coming along !!!
@alpacino, terima kasih . Dalam peribahasa melayu , " Harap Pagar Tetapi Pagar Makan Padi ". Akan tetapi , bagi Press Metal ia memang tak akan ' makan padi ' sendiri , ya . Anyway , Press Metal will give you eat more paddy ( padi ) . Thank you Press Metal .
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....
DK122
169 posts
Posted by DK122 > 2018-01-03 09:53 | Report Abuse
pmetal laosaii