Posted by qwerty > 2014-09-29 10:05 | Report Abuse

Bonus or no bonus, no problem in buying PMetal

Posted by turbo88 > 2014-09-29 10:06 | Report Abuse

despite the tumultuous sea of negative and fearful comments...never had I once quivered nor dimmed my resolute in Pmetal....I have fought the good fight, I have finished the race, I have kept the faith.....

Posted by jrjs > 2014-09-29 10:07 | Report Abuse

and read this

http://www.theedgemalaysia.com/business-news/309299-press-metal-advances-as-fundamentals-seen-intact.html

Posted by jrjs > 2014-09-29 10:10 | Report Abuse

CEO Datuk Paul Koon said "As Press Metal is well-positioned to ride on improving aluminium fundamentals, we reiterate our Buy call and RM8.30 fair value (42% upside), it said.

Posted by jrjs > 2014-09-29 10:26 | Report Abuse

6.22 now everyone...bullish..bullish time!!

Posted by jrjs > 2014-09-29 10:30 | Report Abuse

Press Metal - Fundamentals Solidly Intact

Author: kiasutrader | Publish date: Mon, 29 Sep 10:00

Our conference call with Press Metal’s group CEO Dato’ Paul Koon gave reassurance that it was business as usual and the outlook of the aluminium market remains upbeat. We continue to like the company, as it is a world-class low-cost smelter in the first quartile of a global cost curve. As Press Metal is well-positioned to ride on improving aluminum fundamentals, we reiterate our BUY call and MYR8.30 FV (42% upside).

Straight from management. As Press Metal’s share price plunged froman all-time high of MYR7.46 to its low of MYR5.32 over the last three trading days, we hosted a conference call for institutional investors to speak directly with group CEO Dato’ Paul Koon on the latest developments in the company and aluminium industry last Friday.

Still well on track. Dato’ Paul confirmed that he was not aware of any bad news concerning Press Metal’s operations or the aluminium industry as a whole. While he said that aluminum prices on the London Metal Exchange (LME) may have dipped after the spot price surpassedUSD2,100 in August, he deemed the recent correction as healthy. The premium paid over the LME cash price hit a record high, as the 4Q14 premium for the Japanese market was recently set at USD420 vs USD255/USD365/USD404 a tonne in 1Q/2Q/3Q respectively.Meanwhile, his bullish expectation of the aluminium market, on the back of: i) capacity cuts over the past few years, ii) moderate demand growth, and iii) the absence of new smelting capacity outside China beyond the few facilities that are currently being ramped up, is in line with ourinvestment thesis.

Reiterate BUY, with a MYR8.30 FV. We continue to like Press Metal, as it is a world-class low-cost smelter in the first quartile of a global cost curve, thanks to its competitive 25-year power purchase agreement (PPA), state-of-the-art smelting technology and strategic plant locations.The improved market dynamics are timely as its smelters have returned to optimum production levels. As we believe the recent selldown in its share price was not on a fundamental basis, we recommend investors to BUY on weakness. Our MYR8.30 FV is derived from a 10% discount to our fully-diluted DCF, implying undemanding 2.4x/2.1x P/BVs and 17.0x/11.9x P/Es on FY14F/15F estimates respectively.

Posted by wakakaka > 2014-09-29 10:34 | Report Abuse

Wakakaka...fortune teller...laugh me die...wakakaka

Posted by OptimusM > Sep 24, 2014 04:12 PM | Report Abuse

told u guys! it would melt, check my pass posting on pmeta

Posted by 8u29song > 2014-09-29 10:48 | Report Abuse

will it like DKSH ?????????

Posted by peacemaker > 2014-09-29 10:58 | Report Abuse

qwerty:why you quitely bought a lot at below 6.00 without telling us? Why now 6.20+ then only you tell? it means, you want to sell to us now, right? you flee and we get caught, right?

Posted by peacemaker > 2014-09-29 11:01 | Report Abuse

tell before it happens...ok???

Posted by peacemaker > 2014-09-29 11:04 | Report Abuse

ok.

Posted by jrjs > 2014-09-29 11:13 | Report Abuse

qwerty did mentioned its early in the morning...peacemaker..

Posted by ying501 > 2014-09-29 11:17 | Report Abuse

qwenty, still can buy?

Posted by jrjs > 2014-09-29 11:22 | Report Abuse

what is your target price close for today, qwerty?

Posted by ying501 > 2014-09-29 11:34 | Report Abuse

i thought u will trade contra, qwenty :)

Posted by wkkht > 2014-09-29 11:37 | Report Abuse

Today theedgemalaysia say good on the rose,what will happen tomorrow

Posted by turbo88 > 2014-09-29 11:45 | Report Abuse

i'm sitting on all these unrealised gain, wow, what a week..!!....My sincere thanks to 360cap, qwerty, pisangkuat, dan lain lain...

Posted by turbo88 > 2014-09-29 11:46 | Report Abuse

will continue buying more....

Posted by rchi > 2014-09-29 12:14 | Report Abuse

qwerty,one question for you...the weakening of RM vs USD shud be good for pmetal sales as it is denominated in USD,rite? thanks.

Posted by k8118k > 2014-09-29 12:14 | Report Abuse

rhb buy call 8.30 today.

Posted by akuree > 2014-09-29 13:41 | Report Abuse

Beli je....

Posted by pisangkuat > 2014-09-29 14:24 | Report Abuse

Rhb analyst...believe 1%..also can die...

Posted by zzzzz > 2014-09-29 14:25 | Report Abuse

Those poured cold water saying PMETAL will going down to RM2.50... Shut up now

Posted by turbo88 > 2014-09-29 14:30 | Report Abuse

wei...pisangkuat why so bias ?....

Posted by ying501 > 2014-09-29 14:35 | Report Abuse

u know inside news pisangkuat?

Posted by storm000 > 2014-09-29 14:46 | Report Abuse

closs 6.50 lagi best

Posted by pisangkuat > 2014-09-29 14:53 | Report Abuse

Turbo no biased lah...dancing cha cha nw...only cannot believe those paid analyst....bad experince before...tht all

Posted by turbo88 > 2014-09-29 14:56 | Report Abuse

yup... I agree with u they are paid via the commissions from clearing trades....Sell side analysts are more bullish than bearish by profession....

Posted by CCV2013 > 2014-09-29 14:56 | Report Abuse

qwerty: is it considered stable or still very unstable at this stage?

Posted by turbo88 > 2014-09-29 14:56 | Report Abuse

nevertheless....turbo88 is coming in a big way...mop up all the shares...!!!

Posted by pisangkuat > 2014-09-29 14:58 | Report Abuse

Trade sideway...tdy...

Posted by turbo88 > 2014-09-29 14:58 | Report Abuse

like pacman chomping down.....on all the ask bids....ha ha

Posted by turbo88 > 2014-09-29 15:00 | Report Abuse

in the end...gets the cherry..

Posted by adrian123 > 2014-09-29 15:02 | Report Abuse

Hope the price can sustain. The biggest risk for the whole world market now is US interest rate increase. Hope it will not happen too soon too quick...

Posted by rchi > 2014-09-29 15:08 | Report Abuse

last call to board pmetal bullet train,hahaha.

Posted by adrian123 > 2014-09-29 15:26 | Report Abuse

Bull :{ vs ): Bear

Posted by turbo88 > 2014-09-29 15:32 | Report Abuse

choo ! chhooo !....the train is leaving the station....All on board...

Posted by turbo88 > 2014-09-29 15:33 | Report Abuse

with rchi and turbo88 on first class seats...

Posted by turbo88 > 2014-09-29 15:34 | Report Abuse

leaving strongbanana behind at the station....poor thing.!

Posted by pisangkuat > 2014-09-29 15:45 | Report Abuse

I sudah naik rocket...mcm minion...lor....

Posted by rchi > 2014-09-29 15:49 | Report Abuse

turbo88,see you at station no.700,hahaha.

Posted by turbo88 > 2014-09-29 16:07 | Report Abuse

no problem rchi...U can find me at the VIP Lounge...with a whole bevy of beauties feeding me caviar and dom perignon...

Posted by turbo88 > 2014-09-29 16:08 | Report Abuse

already reserved a seat for u.... ha ha. and also for strongbanana...my treat

Posted by CCV2013 > 2014-09-29 16:38 | Report Abuse

qwerty: you are right... panic selling has stopped... let pray for the best..

Posted by wakakaka > 2014-09-29 16:54 | Report Abuse

Wakakakaka..fortune teller Optimusprime really wrong this time...wakakakaka

Posted by ying501 > 2014-09-29 17:01 | Report Abuse

ex-bonus is in this week?

Posted by Patrick Lim > 2014-09-29 17:06 | Report Abuse

ya, when is the ex-bonus?

Posted by BURSAMASTER > 2014-09-29 18:08 | Report Abuse

http://klse.i3investor.com/blogs/rhb/60682.jsp

Posted by coffeepimple > 2014-09-29 18:12 | Report Abuse

last chance to escape

Posted by armt > 2014-09-29 19:33 | Report Abuse

Guys, as expected, Bursa has approved PMetal's bonus issue (link: http://www.bursamalaysia.com/market/listed-companies/company-announcements/1751633)