market is forward looking. coming qr market already price in unless got surprise. focus on interest rate now. expected interest to increase again. this company got lots of debts and this will eat into its margin
all the simple minded thinking about debt directly correlated to interest rate increase. pls understand the company better, how many percentage of the debt are floating interest rate - press metal has already issued 2 times sukuk bonds worth over 3b, these are not affected. they raise capital for another 1b on share issues, these will be used to pare down ST debt. Net cash generation about 2b a year, can easily used to pare down ST debt. ST debt 2b, LT debt 4b. Do your research pls.
All the simple minded think after issue sukuk then that’s the end of the story. How long can they last without issuing new debts? They have high debts all the while. In future cost of borrowing is high which will eat into margin. Cash generated used to pare down debts? No need to expand anymore? How to increase revenue like that? Revenue stay the same but interest cost increase. Think further pls
when you got found out as ignorant and twist the story. first you talk about interest, now chg story to expansion. so you are thinking of borrowing every year and expanding every year? -let debt balloon to the sky for sake of expansion is it. management makes sensible decision to expand when ROI is there, whether it be high or low interest rate. if ROI not there, then wait for right opportunity. btw expansion also depends on opportunity. for sake of revenue just random expand at no profit margin?
you ask cash generated used to pare down debt? so, ask already no answer? cash generated dont pare down debt use for expansion, then why still need to borrow debt? what nonsense. 2B cash generation a year, two years able to pare down debt/reserve for expansion. Yeah I'm thinking far and thinking like as a business. be a smart investor guys, talk something FACTUAL. lucky you do investment, not do business.
no need for me to argue with you. just like what happened to the glovers. i've talking bad on the sector since beginning of last year. but they will have their so called theory to support. share price will tell everything
Result could be very good but after looking at what happened to MSC price after good result shiver. Hope you all earn big pmetal. Going forward need to be mindful Of borrowing material n labour cost
Honestly, i dont really care about the pattern or so whatever. As said, for this counter the debt is high yet the revenue is good as well. China got lockdown just recently not during the Jan to March period. So i assume the earning is positive and this counter would keep going up slowly.
For me one day 1% is good enough! I don't like roller coaster counter!
The company sold forward 60% of its production at US$2,300 to US$2,400, even though spot prices were above US$3,000 early this year. The remaining 40% were sold at spot prices.
“I’m not really concerned about the price, unless it goes down to below US$2,000. Bear in mind that before Covid-19, the average price was less than US$2,000. Definitely aluminium players are still making good money,” he adds.
Press Metal is the largest integrated aluminium producer in Southeast Asia. It has a smelting capacity of 1.08 million tonnes and an extrusion capacity of 210,000 tonnes per annum.
Since surging past US$3,800 a tonne in March this year — the highest in more than 13 years — aluminium prices have retreated 30% to a five-month low of US$2,700 a tonne.
The surging is during the March period but next quarter would be impacted if China is still lockdown till end of next month!
Aluminium stocks in LME-registered warehouses have fallen to the lowest level since 2007 at 767,700 tonnes, down from almost 2 million tonnes last March. In fact the LME price surge as much $3000 per tonne.
So this quarter should be good la! Anyway, the only counter that is recovering in my portfolio the rest hangus liao!
Bursa is not a long term investing anymore as those years before 5 years.
It’s not arguments when making incorrect statements. Opinions on counter up down up to you to justify with yr facts. As long as it’s the right facts. Wrong facts but still want to argue right is ignorance.
KUALA LUMPUR: Press Metal Aluminium Holdings Bhd, the largest aluminium smelter and a prominent aluminium extruder in Southeast Asia, reported that its net profit for the first quarter ended March 31, 2022 (Q1 2022), jumped to RM421.02 million from RM205.72 million in Q1 2021.
Its revenue for the quarter under review rose 86.6 per cent to RM3.92 billion from RM2.1 billion previously, the company said in a filing with Bursa Malaysia today.
. This could swiftly reverse when the Chinese economy switches back on gear with the eventual easing of lockdowns coupled with its USD2.3 trillion infrastructure plan to spur the economy
ABSBOSS --> Buy more c70 it will shoot up! BUY BUY BUY and keep!
Per unit price is too heavy for locals to brave in and participate. This needs to lighten up by 10 per unit division. You'll see better rise if this is truly happening but until then, the price drop is inevitable...
More than 2 accounts. That time keep on kena report by glovers.
Since it cut back 10% workforce. Meaning less demand for the cars and less demand for aluminium. Not directly affect Pmetal. But we can know the environment.
Does PMetal ever mentioned that they are contributing their end product to EV? If, Yes, How many percentage of the segment that Aluminum from PMETAL contribute to EV?
You insight is very much appreciated.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: O&G healthcare service provider, Metro Healthcare Berhad aims to list on the Ace Market!
MQ Trader 1392 views | 9 d ago
0:17
New IPO: Life Water Berhad, a manufacturer of drinking water and carbonated beverages, aims to list on the Main Market!
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....
GrowthCapitalist
237 posts
Posted by GrowthCapitalist > 2022-05-25 12:11 | Report Abuse
With EPS of next quarter of 4cents,surely back to RM6.