Posted by fireinvestor > 2021-08-17 11:57 | Report Abuse

Need to breach 5 and stay above it..

Posted by fireinvestor > 2021-08-17 15:36 | Report Abuse

Cmon... 5.5 1st target

Posted by SLB166 > 2021-08-18 17:26 | Report Abuse

This counter I monitored. They come once a month, I did not manage to sell off yesterday, I knew it is only once a mth. Now got to wait for another month. The management sleep..

Posted by moneyface > 2021-08-19 11:50 | Report Abuse

QR will be released next week. Result is superb!!! I am keeping it for longer term.

Posted by Bgt 9963 > 2021-08-19 17:13 |

Post removed.Why?

Posted by Bgt 9963 > 2021-08-21 09:37 |

Post removed.Why?

Posted by wallstreetrookie > 2021-08-24 09:38 | Report Abuse

Malaysia Inflation Rate YoY JUL Consensus 2.9% Forecast 3.4%

Posted by wallstreetrookie > 2021-08-24 09:38 | Report Abuse

Malaysia Inflation Rate YoY JUL August 25 2021

Posted by Fabien _the efficient capital allocator > 2021-08-24 19:26 | Report Abuse

Results would have been much better if not because of MCO restrictions. Production volume was not optimised. 1H results were still impressive nevertheless, net profit up 140% y-o-y.

Phase 3 yet to commence. 2022 will see the full benefits of the increased capacity taking advantage of increasing demand due to structural shift towards green commodities. Expect further room for aluminium prices to go higher or at least remain elevated.

Posted by moneyface > 2021-08-25 08:19 | Report Abuse

Fabien _the efficient capital allocator, the MCO restriction have no impact to their existing production line since March last year as they never stop operation.

However MCO did affected their Phase 3 commissioning original schedule. Result could be even better if they managed to commissioning it earlier.

Posted by Bgt 9963 > 2021-08-25 08:36 |

Post removed.Why?

Posted by Sailangking > 2021-08-25 08:55 | Report Abuse

rocket

Posted by fireinvestor > 2021-08-25 10:17 | Report Abuse

Who keep selling ? forever stuck .. push up then drop.

Posted by Sailangking > 2021-08-25 10:42 | Report Abuse

someone press the price la..no collect enough ticekt

Posted by fireinvestor > 2021-08-25 13:07 | Report Abuse

5 months already.. not enough ?

Posted by Sailangking > 2021-08-25 13:28 | Report Abuse

slowly and surely :)

Posted by pete tf > 2021-08-25 14:01 | Report Abuse

Company profit 3 fold.

Posted by Sailangking > 2021-08-25 16:07 | Report Abuse

patience is the key..will fly higher soon....

Posted by Sailangking > 2021-08-25 16:07 | Report Abuse

lets wait...bro

Posted by Fabien _the efficient capital allocator > 2021-08-25 17:03 | Report Abuse

Aluminium is steadily hovering above 2600

Posted by wallstreetrookie > 2021-08-25 17:06 | Report Abuse

To be fair, the inflation data in Malaysia is not very good. However, since Press Metal has decent exposure to international exports and has good operating leverage, the uptick in aluminium prices will play a significant positive role in the upcoming earnings. As well as attracting foreign investors with the company's focus on ESG.

Posted by wallstreetrookie > 2021-08-25 17:06 | Report Abuse

Press Metal Maintain Overweight

Posted by Fabien _the efficient capital allocator > 2021-08-25 17:07 | Report Abuse

There are a few ways to hedge against rising inflation

1) Gold
2) Commodities producer
3) Energy-related companies
4) Cryptocurrencies

Posted by wallstreetrookie > 2021-08-25 17:07 | Report Abuse

Regarding the inflation data, what I meant was the July Inflation Data for Malaysia is 2.2% lower than forecasted 2.9% and consensus 3.1%

Posted by wallstreetrookie > 2021-08-25 17:08 | Report Abuse

but that is irrelevant for Press Metal. It will only affect local steel companies generally.

Posted by wallstreetrookie > 2021-08-25 17:08 | Report Abuse

As for cryptocurrency, yeah a lot of clients ask to allocate funds to crypto miners in the US after the exodus from Chinese miners.

Posted by pete tf > 2021-08-26 09:49 | Report Abuse

5.30x2= 10.60

Posted by Sailangking > 2021-08-26 10:07 | Report Abuse

still undervalue...gogogo

Posted by Sailangking > 2021-08-26 10:07 | Report Abuse

pls break 5.40

Posted by Sailangking > 2021-08-26 13:37 | Report Abuse

sure will break new high. no worry.............

Posted by Cakes Moon > 2021-08-26 15:51 | Report Abuse

Pmetal is a good hedge against inflation.

Posted by pete tf > 2021-08-26 17:02 | Report Abuse

Agree

Posted by wallstreetrookie > 2021-08-26 17:07 | Report Abuse

Press Metal maintain Overweight & Buy Rating

Short-term catalyst includes economic reopening and the continued bull run of aluminium prices. Coupled with strong ESG ratings and relatively stable financials (solid profit margins), we are very bullish in the long term on the ability of Press Metal Aluminium Holdings Bhd to capitalise on rising LME aluminium spot prices in 4Q

We are optimistic on the outlook based on the fact that Samalaju Phase 3 has been fully operational and could fully take advantage of the further upside of aluminium prices, further leading to another excellent quarter ahead which is exciting for both short-term and long-term investors.

Long term price target: RM6.0 conservative

Posted by Sailangking > 2021-08-27 09:43 | Report Abuse

undervalue...boss very confidence!

Posted by meistsk3134 > 2021-08-27 19:36 | Report Abuse

some1 keep dispose

Posted by kewking > 2021-08-28 09:50 | Report Abuse

Wht is the reason of dispose

Posted by fireinvestor > 2021-08-28 13:09 | Report Abuse

maybe they wanna buy private jet luxury house etc. 100m shares disposed and they still have over billions of shares..

Posted by Sailangking > 2021-08-29 15:26 | Report Abuse

no need to know why....LOL

Posted by Sailangking > 2021-08-30 09:49 | Report Abuse

soon. very soon

Posted by James Ng > 2021-08-31 19:35 | Report Abuse

https://klse.i3investor.com/blogs/general/2021-08-31-story-h1570662819.jsp
[转贴] [Video:浅谈PRESS METAL ALUMINIUM HOLDINGS BHD, PMETAL, 8869] - James的股票投资James Share Investing

Posted by Fabien _the efficient capital allocator > 2021-09-01 12:02 | Report Abuse

Aluminium broke above $2700

Posted by meistsk3134 > 2021-09-01 20:11 | Report Abuse

another dividend

Posted by pete tf > 2021-09-02 10:51 | Report Abuse

Normal drop after the recent rise. Company well managed. Every year ada profit. Dividen pun ada tiap-tiap tahun. Confidence in the company.

Posted by Sailangking > 2021-09-02 11:04 | Report Abuse

stay turned............big rewards.keep n watching if u already bough

Posted by paperplane > 2021-09-07 10:37 | Report Abuse

Gunea....hmmmmmmmm,sure?

Posted by Sailangking > 2021-09-07 23:19 | Report Abuse

yummy

Posted by Fabien _the efficient capital allocator > 2021-09-08 20:56 | Report Abuse

close at ATM 5.97

Posted by Mr.Sm Invest123 > 2021-09-08 22:42 | Report Abuse

齐力科技 (PMBTECH) – 与半导体和太阳能同步成长

公司背景

齐力科技 (PMBTECH) 创办于2002年，透过齐力工业 （PMETAL, 8869.KL）管氏家族的管理下，成功在2003年11月在大马交易所Second Board 上市，在2009年转至主板上市。截止2021年5月3日，齐力工业持有20.87%股权，是公司大股东之一。PMBTECH 的业务主要是铝贸易的下游产品，和制造硅金属 (Metallic Silicon) 业务。PMBTECH也是马来西亚最大的铝制脚手架系统 (scaffold system)制造商和Haulotte 航空出入设备的独家分销商。

业务分析

截至2021财政年上半(6MFY21), 建筑和制造 (Construction & Fabrication) 和制造与贸易业务 (Manufacturing & Trading) 分别占整体营业额31%和69%。制造与贸易业务是营运盈利 (Operating Profit) 的贡献泉源，占整体营运盈利的91%。

PMBTECH的业务可以分为两大类：

1. Manufacturing & Trading
硅金属通常按其所含的铁 (Iron)、铝 (Aluminium)、钙 (Calcium) 三种主要杂质的含量来分类标号为553， 441， 421， 3303， 2202等等。硅金属也称为工业硅或结晶硅，一般来说，金属硅可以划分为冶金级 (Metallurgy) 和化学级 (Chemistry)。冶金级的硅也称为金属硅，主要是因为它带有金属灰色且有光泽。

硅金属能扮演硬化剂 (hardener)和合金元素 (alloying element) 的角色，能制造发动机缸体 (engine blocks),合金轮辋 (alloy rims), 微处理器和太阳能电池等等。基本上在提炼过程中，接近一半的冶金级硅金属使用在化学用途，能制成润滑剂，密封胶，涂层，化妆品等等。在制造太阳能电池时，光伏级多晶硅（Photovoltaic grade polysilicon）会派上用场。目前90%的太阳能科技上都会看到硅金属的踪影。除此以外，全球超过33%的电子类产品如电脑，手机，平板电脑，电视机，收音机，硅金属也扮演着重要的角色。

制造硅金属业务是由全资子公司, PMB Silicon Sdn Bhd 负责。生产基地位于Sarawak 的Samalaju Industrial Park，拥有长期充裕的水力发电供给，且公司已经和Sarawak州政府签署长期电力购买合约，锁定极具竞争优势的发电成本，奠定公司往后成为全球领先的优质硅金属制造商。目前已使用的水力发电厂包括Batang (108MW), Bakun (2400MW), 和Murum (944MW), 而Baleh （1285MW）目前处于建设期间，预计在2025年投入运作，投入电量将达到3452MW。在2019年公司第一期的硅金属年产量达36,000公吨，而第二期也在2020年年底投入运作，年产量将增加额外36,000公吨，总产量达72,000公吨。

Ladder, Scaffold Tower, Aerial Working Platform Equipment

除了制造硅金属，公司也涉及建造存取设备 (access equipment), 包括旗下品牌, Everlas 家用和施工用途的铝制阶梯 (ladder)。该品牌在大马已超过30年，在超市和五金店都能找到。除了本地市场，多年以来该品牌也出口至全球各地，比如United Kingdom, Australia, South Africa, United Arab Emirates, Qatar, Kuwait, Saudi Arabia, Egypt, Lebanon, Kingdom of Bahrain, Bangladesh, Maldives, Yemen, New Zealand, Singapore 和 Indonesia等地。

作为全马最大的脚手架塔 (scaffold tower)制造商，公司的铝制脚手架塔获得SIRIM认证，在油气业，航空，国际会议中心，仓库，船厂，政府大楼等都有广泛使用。在2018年也获得Construction Industry Development Board （CIDB）的认可，确保产品能提供最高规格的安全标准。 在高空作业平台方面 （Aerial Working Platform Equipment）, 公司和法国知名品牌 Haulotte迈入第十年的合作伙伴关系， PMBTECH是该品牌的独家分销商。

2. Construction and Fabrication
从设计，制造，到安装铝幕墙，覆层系统，门面工程，铝系统模板工程等，PMBTECH有自家工程师提供一站式服务。安装铝幕墙不但有美化的效果，而且能节省能源，符合绿色大厦要求。

业绩分析

按年对比，得益于较高的销售，2021财政年上半年的制造业务营业额增长53%； 而建造业务营业额则微跌1.5%, 整体营业额按年上升30.55%，制造业务和建造业务的营运盈利赚幅(Operating Profit Margin 分别是13.29% 和 2.82%。而按年对比，上半年 (6MFY21)整体税前盈利暴涨3.5倍。

PMBTECH在2019年已把旗下4家子公司PMB Central Sdn Bhd, PMB Northern Sdn Bhd, PMB Eastern Sdn Bhd, 和PMB Aluminium Sabah Sdn Bhd， 以总值现金RM 44 mil转售予大股东，Press Metal Aluminum Holdings Bhd (PMETAL)，目的是要整合公司资源，在未来专注制造硅金属业务。这些子公司原属于制造与贸易 (Manufacturing & Trading)，在转售予大股东得来的 RM 44 mil ，其中85%或 RM 37.8 mil 来购买制造硅金属的原材料，碳电极 (Carbon Electrodes) 和低灰煤(Low ash coal)。另外的6.92% （RM 3.07 mil）作为派发股息,6.99% (RM 3.10 mil)作为营运资本，其余的1.09% (RM430K) 作为支付相关费用。

PMBTECH的负债率在过去6年都站在2倍以上，在2018年公司透过发放为期5年的不可赎回能转换无抵押债卷股 (Irredeemable Convertible Unsecured Loan Stock, ICULS) 向投资者筹募资金来进军制造硅金属业务。

需留意的是公司在2019年完成了拆股（1分为2），加上发放为期5年的不可赎回能转换无抵押债卷股 (ICULS) 并附送公司凭单 (Company Warrant)，导致股本提升而稀释了每股盈利，所以在2019财政年公司的每股盈利明显下滑。投资者能在有效期内随时转换ICULS 或该凭单，截至2020年4月20日，公司2019年年报显示投资者的ICULS和warrant持有单位分别还有74.8 million 和38.7 million 依然未转换成母股，也就是说若未来的日子里这些投资者决定转换成母股，这将稀释公司每股盈利。

成长因子 (Key of Growth)

1.全球硅金属需求稳定增长
在公司2019年年报管理层指出，得益于追求绿色能源，科技持续进步和半导体的需求量猛增下，全球硅金属需求将以4%的年复合增长率 (CAGR)稳定上升。公司第二期 (Phase 2) 的硅金属制造在2021年上半年开始做出贡献后，依然有土地空间和充裕的水力电源为潜在第三期和第四期持续提高年产量。

2. 第二个未来成长引擎- 综合型硅氧烷生产基地 (Siloxane
在2020年11月26日， 公司与Sarawak 州政府机构 (SEDC)签署备忘录(MoU)，在Tanjung Kidurong, Bintulu携手探索和经营一家综合型生产基地以供应硅氧烷予本地和国际客户。硅金属和甲醇 (methanol)乃是制造硅氧烷的两个主要原材料，硅金属的供应将由子公司 PMB Silicon Sdn Bhd 负责，至于甲醇则由 Sarawak Petchem Sdn Bhd 负责。Sarawak Petchem Sdn Bhd已经获得Sarawak 州政府的批准，在当地设立一家甲醇供应综合设施。

自1940年，从居家，医疗，电子，美容和化妆品等领域，硅氧烷已被广泛使用。硅氧烷里的成分有护发作用，也能被应用作为润肤剂，保湿剂等。

有机硅(silicone)是由硅氧烷配制而成，那透过有机硅的商业用途和市场规模也能间接推断硅氧烷的前景。由根据全球商業资讯咨询服务供应商 IHS Markit的一份研究报告（上图），中国依然是全球最大的有机硅 (silicone) 消费国，占全球42%（2012年：36%），接着是欧洲西部占全球17% （2012年：23%），美国则占全球15% （2012年：12%）。中国保持着领先的消费趋势，主要是当地拥有庞大且多元化的生产基地，尤其在医疗设备，密封胶 (sealants)，弹性体(elastomers)和电子类 (electronics)等等。根据独立市场调研机构Fact.MR指出，亚太地区 (APAC)将继续成为硅氧烷的主要消费地区，尤其在润滑剂 (lubricants)市场。至于拉丁美洲，中东和非洲将以温和姿态成长。

估值

回顾在2019年年末公司把旗下4家子公司以总值现金RM 43 mil转售予大股东，Press Metal Aluminum Holdings Bhd (PMETAL), 因此在2019财政年第四季度 (4QFY2019)录得一笔一次性转售盈利(gain on disposal) RM 10 mil, 如果剔除该笔盈利，调整后累积12个月的每股盈利 (Adjusted basic EPS)为 9.07仙，Adjusted P/E Ratio 为57倍。

展望2021财政年，目前上半年的累积税后盈利达RM 18.2 mil ，相等于公司在2020财政年全年税后盈利的80%。 如果公司在下半年第三季度和第四季度能复制第二季度的盈利水平或者交出将近每股盈利 RM 0.12,那2021财政年全年每股盈利将达 RM 0.20左右，如果以今天 (7th Sept 2021) 收市价 RM 6.93来观察，P/E ratio达34.6 倍。

总结
虽然 PMBTECH 处在高成长阶段，硅金属需求能见度高，但也得留意当中的风险，包括硅金属的价格波动，疫情持续蔓延影响产量，工程业务进度缓慢也会拖累整体盈利。

Posted by Mr.Sm Invest123 > 2021-09-08 22:53 | Report Abuse

PMETAL=PMBTECH

Posted by Mr.Sm Invest123 > 2021-09-09 15:21 | Report Abuse

https://www.theedgemarkets.com/article/aluminium-notches-fresh-13year-high-supply-woes-demand-surge