PRESS metal will be a RM3.50 stock soon, mark my word! PE 100? it is only 8x, you didnt calculate its growthm, last 2 quarters get badly hit by their plants fire outbreak!
forget about pmetal, ran up so much already, ARANK - aluminium player as well, didnt move up much! company profits increasing despite low aluminium price somemore! wait what!
price has risen from 1680 - 1900 over the last 6 months. thats has been the main driver.
however, that is only because indonesia has banned bauxite exports (demanded by RUSAL to justify building a smelter there).
where is press metal getting its bauxite from? - which means costs are also going to go up for PMETAL
this is from reuters in Jan, just as the LME price was going up...
Indonesia's export ban to curb China aluminium expansion Thu Jan 30, 2014 7:49pm EST Basic Materials » * Indonesia supplies about 60 percent of China's bauxite import * China has around 10 months of bauxite stockpiled - analysts * Gap of around 10 million tonnes of bauxite possible - Macquarie
By Melanie Burton SYDNEY, Jan 31 (Reuters) - China has found an inadvertent ally in its efforts to slim down a bloated aluminium sector, with Indonesia's ban on exporting metal ores set to boost costs of the raw material bauxite and pile more pressure on struggling smelters.
Beijing has been issuing broadbrush rules aimed at reining in overcapacity in sectors such as aluminium and steel for about a decade, but plans have usually been thwarted by resistance from local governments anxious to boost growth.
In the aluminium sector, ageing and inefficient smelters are already grappling with rising power prices, but now face potential bauxite shortages after Indonesia halted ore shipments on Jan. 12, as part of efforts to make miners process minerals at home.
China is the world's biggest aluminium producer and curbing expansion could ease a global surplus of the metal and even lead to the country resuming sizeable imports of refined aluminium.
It is also likely to provide support to the price of a metal that has been depressed for years.
"(Indonesia's ban) will have a huge impact on the Chinese aluminium industry in the medium term," said Citi China commodities analyst Ivan Szpakowski.
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....
alexanderSingapore
476 posts
Posted by alexanderSingapore > 2014-04-14 16:41 | Report Abuse
Buy Pmetal-LA and convert to mother share, FOC!