told you guys to buy in the morning kan. well nevermind. can buy now. can still buy as the TP is unchanged at RM5.50. the upcoming resistance will be RM5.35. if can touch RM5.35 then shouldnt be a problem to hit RM5.50. IB and funds are buying in these few days.
Aluminum has surged about 23 percent since the start of April. Prices steadied on Friday, slipping 1 percent to $2,461 a ton in London. Goldman Sachs has said the rally may have further to go, forecasting prices could spike to $3,000 in the near term.
As a investor, we must calculate potential Risk and reward, How high PMETAL can goes ? 5.2 5.3 or 5.4 ? What is a downside risk ?
Not only speculate about LME aluminium price. It wont factor in short term. Although LME price surge do they have enough products ? How bout their core elements ?
I would suggest avoid it now. The risk is high as it only left skin ...
Tan Sri Dato Paul Koon , the boss of PRESS METAL ALUMINIUM HOLDING BERHAD said : " The short term impact of the sanction is that aluminium prices will continue to be supported on the ' high side ' due to a supply disruption " . There have been many instances when companies have benefited from sudden spikes in prices . Profits soar as a result of the surge in a commodity price and companies will smile at the sudden windfall ( durian runtuh ) they have gained . Aluminium prices have soared as a result of US sanctions on Russian aluminium giant United Company Rusal Plc. The unavailability of supply from Rusal has lifted prices on the futures market ,and as a result , Press Metal has been a beneficiary . Petikan dari akhbar STARBIZWEEK , Saturday 21 April 2018 Page 2 Short Position . Always don't forget . Press Metal sentiasa Boleh dan tetap boleh . Next week TP RM 5.50 . Terima kasih banyak-banyak .
The U.S. will provide sanctions relief to Rusal if Oleg Deripaska relinquishes control and extended the deadline for companies to wind down dealings with Russian aluminum producer, the Treasury Department said in guidance published on Monday.
“If that is the case, all the supply issues that people were worried about over the last week just disappear,” Ryan McKay, a commodity strategist at TD Securities in Toronto, said in a telephone interview. “Without the sanctions, it’s a pretty well-supplied market.”
Aluminum for delivery in three months dropped 5.5 percent to $2,333 a metric ton at 1:37 p.m. on the London Metal Exchange. Alcoa slumped 8 percent before regular trading at 8:25 a.m. in New York. Century Aluminum Co . (NASDAQ:CENX) plunged 4.5 percent
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....
Bull88 88
1,361 posts
Posted by Bull88 88 > 2018-04-20 12:44 |
Post removed.Why?