if it didnt do fund raising, i see share price i enter. after it announce fundraising, i did some quick see through company, few red flags. 1) high revenue but low profit margin, even with aluminium price spike 2) mostly family owned in shareholders, very risky if got family dispute 3) business at many different countries, easily inflate some account figures this is just brief look through data on websites, not really in-dept research. PP/fundraising very bad omen most of the time, goodluck trading
what i stated before just my view on not buying BUT there are still some good factors though : 1) aluminum price is going up again https://tradingeconomics.com/commodity/aluminum 2) pmetal share price macam want to rebound maybe profit margin is low for all metal industry, because of their high operation and production cost. idk in a way my steel counters i enter still got stucked there lol
if pmetal didnt announce PP.... selldown over, trend reversal and aluminum price up again. these 3 factor can easily rebound reeee management announce wrong time!!!!!
fixed the issue price for 163,398,700 Placement Shares at RM5.94 per Placement Share. The Proposed Placement was oversubscribed. safe to enter i guess.
Aluminium Holdings Bhd has fixed the issue price for its 163.39 million placement shares at RM5.94 per share following the completion of bookbuilding exercise.
In a filing with Bursa Malaysia today, the aluminium company said the proposed placement was oversubscribed.
the problem with a bull run is when the price goes up, so does the production. all aluminum miner and producer will ramp up their production, granted that it is not like glove where it is much easier to ramp up production, it will probably take 1 or 2 years to see production increase, and we are about there already.
we live in a capitalist world, where demand and supply will eventually even out. producer will produce too much aluminum in the future, just like glove, it is inevitable.
Bye to commodity when Fed standing firmly in countering high inflation. Balance Sheet reduction and interest rate are powerful tool to bash down inflation.
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....
DatoKyle
369 posts
Posted by DatoKyle > 2022-03-22 22:24 | Report Abuse
Rubbish !