Details of Trump's tariff plan are still unknown, and Celente said the tariff might not to imposed at all after critism from Republican lawmakers and U.S. industries heavily dependent on steel and aluminium . Petikan dari Star online 3 March 2018 .
" Sandiwara " atau " Main Wayang " lagi oleh mereka . Ada spare duit boleh kutip untuk simpan long term sebab Press Metal memang boleh dan tetap boleh .
I think whether to buy or not to buy should be an independent decision rather than asking for opinion, especially opinions coming from public forum. As Hengyuan has shown, following other is dangerous when one doesn't know what he is doing, even if the price he enter represent good value.
Good stock will rebound faster than you anticipate when the time comes. Do not buy / sell too frequent in 2018. Set a investment strategy and goal, then follow as per plan.
KUALA LUMPUR (March 5): Press Metal Aluminium Holdings Bhd said today that it will be minimally affected by US President Donald Trump's sweeping tariffs on steel and aluminum imports.
"We understand that the market is concerned after learning about the potential tariff on aluminium which may be implemented by the US. We have been monitoring this development and we feel the current direct impact to our business is minimal," it said in a statement today.
Press Metal explained it exports "a very minimal amount" of its primary aluminium products to the US.
"Including extrusion products, our exposure to the US market is less than 1% of our total revenue," Press Metal said.
Shares in Press Metal fell sharply by as much as 10.2% to hit an intraday low of RM4.91 in early trade today, on concerns over Trump's plan to levy a 10% tariff on all imports of the metal. It pared early losses to close at RM4.97, down by 50 sen or 9.14% from Friday's closing, bringing a market capitalisation of RM19.32 billion. A total of 31.81 million shares exchanged hands.
In the statement, Press Metal noted that the consumption of primary aluminium in the US is almost 6 million tonnes in 2017, compared with domestic production of close to only 1 million tonne.
"Canada, Russia and the Middle East are the top three exporters to the US, constituting some 80% to 90% of the US imports of primary aluminium," it added.
According to ratings agency Moody's, Asia, which produces more than two-thirds of the world's steel, will be minimally affected when compared to the rest of the US' trading partners.
"Canada, Russia and the Middle East are the top three exporters to the US, constituting some 80% to 90% of the US imports of primary aluminium," it added. ---------------------- this few countries will cause oversupply and create competitor to pmetal. so dont say no affect !
this fact is already known by research house and fund managers. spooking tactic to scare investors like those in these forums who know zilch abt aluminium industry and pmab core business. with this press release, straight rebound
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....
Mohd Fahmi Bin Jaes
29,216 posts
Posted by Mohd Fahmi Bin Jaes > 2018-03-05 10:06 |
Post removed.Why?