Posted by adrian123 > 2014-10-09 09:14 | Report Abuse

Alcoa 3Q earning is a good indicator what is coming for PMetal. http://finance.yahoo.com/news/alcoa-beats-street-3q-forecasts-203022696.html

Posted by pisangkuat > 2014-10-09 09:24 | Report Abuse

Ini hari green green grass of home....

Posted by adrian123 > 2014-10-09 11:03 | Report Abuse

This forum has become very quite. May be many people has lost confidence in PMetal even the fundamental remain strong. Does anyone know when is PMetal next qtrly result announcement date ?

Posted by OptimusprimeV > 2014-10-09 11:07 | Report Abuse

ultimately pmetal would drop below 5.00 and settle around 5.00 and coma.

Posted by armt > 2014-10-09 18:18 | Report Abuse

When do they normally post the next quarterly result? Should be a good quarter again

Posted by optimusx8888 > 2014-10-10 02:56 | Report Abuse

on track to go below 5.00 within this month.

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

Sure will get there today us market down 343

Posted by adrian123 > 2014-10-10 08:11 | Report Abuse

If go below 5, I will start collecting again. It is a good opportunity to buy in now as the company fundamental is good and now alu price in upward trend again.

Posted by pisangkuat > 2014-10-10 12:16 | Report Abuse

Sudah ckp....awal awal will go to 5....lagi mau naik bus...tak mau buang when up...hmmm....

Posted by jeannie > 2014-10-10 12:17 | Report Abuse

to collect and keep long too..its not easy to rise 7.00, bought ard 7..looks like we have to wait.

Posted by omegacankill > 2014-10-10 13:06 | Report Abuse

many become loooong term investor jor...

Posted by Luckyguy > 2014-10-10 14:22 | Report Abuse

Where is the earlier hardcore promoter e.g. 360 capitalist ?

Posted by pisangkuat > 2014-10-10 14:30 | Report Abuse

Sudah....masuk mesin basuh pusing 360 deg lor

Posted by ketupatlazat > 2014-10-10 14:36 | Report Abuse

when a stock rose more than 3x in just a few months, you would surely know it is too good to be true...

Posted by pisangkuat > 2014-10-10 14:46 | Report Abuse

Some still believe it can goes till rm 10 and beyond....tht why earlier i see the trend of dsonic disaster repeating here...ppl keep chasing eventhough it drop....last 2 weeks...and bounce back a little...couple with some sin ka lan chartist with borlinger and all the crap line analysis...nw those buy 6.00 and above have to hold for sometime.....

Posted by pisangkuat > 2014-10-10 14:55 | Report Abuse

Turbo88 pun disappear this 2 days.....

Posted by happy123 > 2014-10-10 17:24 | Report Abuse

sigh... i told people don't chase as it went up from $3 in Apr to $7+ in Aug, but instead of selling, i went in to buy more after it corrected to $6 :(.
Huge paper loss, will just hold on till bonus issue since i was told they are still on full swing for production and Al price is holding well
http://www.bloomberg.com/news/2014-10-08/aluminum-costs-seen-rising-more-even-after-lme-wins-case.html

Posted by armt > 2014-10-10 17:45 | Report Abuse

Aluminum Costs Seen Rising More Even After LME Wins Case

A courtroom victory allowing the London Metal Exchange to ease backlogs of deliveries of aluminum may do little to reduce the cost of the metal used in everything from beer cans to auto parts.

While yesterday’s appeal court ruling in London clears the way for the LME to impose new rules at its warehouses, rising demand for aluminum and output cuts by producers including Alcoa Inc. (AA) and United Co. Rusal will still boost costs, according to Harbor Intelligence and BMO Capital Markets. Rusal, which plans to appeal the ruling to the U.K. Supreme Court, yesterday cited a “substantial deficit” in the market.

Aluminum users including MillerCoors LLC argued last year that LME rules were helping to create artificial limits on warehouse supply. With shipment delays at some locations lasting more than a year, the metal surged into a bull market in July and reached an 18-month high a month later. To secure deliveries, buyers are paying record premiums that probably will remain near all-time highs for at least another three months, London-based researcher CRU said after the ruling.

“We think the premiums are going to go up for the remainder of the year and possibly early next year,” said Jorge Vazquez, an analyst at Harbor Intelligence in Austin, Texas. “More aluminum is being consumed than is produced. You need more metal.”

Aluminum for delivery in three months rallied as much as 18 percent this year, touching $2,119.50 a metric ton on the LME on Aug. 29. The surcharge to secure aluminum in Europe climbed 79 percent this year to a record $500 a ton, and the U.S. Midwest surcharge is up 87 percent at 22 cents a pound, according to Metal Bulletin data. The premium in Japan is also at a record, the company’s data show.

Rising Demand

“For now, premiums continue to rise inexorably,” Nic Brown, head of commodities research at Natixis SA in London, said by e-mail yesterday. “That could continue in the short-term.”

Demand for the metal will exceed output by 1.7 million tons this year, and the deficit in 2015 will reach 1.4 million tons, according to Standard Chartered Plc. Producers outside China have cut almost 3 million tons in capacity since late 2011, according to Jefferies Bache Ltd. Morgan Stanley yesterday raised its aluminum forecast by 8 percent for 2015 to $2,072.

“The consensus expectation now is for the all-in price to continue rising,” probably over the next 12 months, said Gayle Berry, a strategist at Jefferies Group in London.

New Rules

The LME, which regulates a network of about 700 storage depots, wants to require warehouse companies with wait times longer than 50 days to deliver more metal than they take in. Moscow-based Rusal, the biggest producer, had sued to block the new rules. The U.K. Court of Appeals yesterday upheld a March ruling in favor of Rusal by a lower court judge.

The rule should come into effect in February, subject to a two-week consultation that started yesterday, the LME said after the appeal ruling. Wait times in Detroit and the Dutch port of Vlissingen, the biggest LME aluminum locations, stretch to as long as 21 months, according to Harbor.

The wait times for aluminum in Detroit lengthened by 51 days in September to 649 days, while Vlissingen wait times are 608 days, Harbor Intelligence estimates. The premiums should be lower without the queues, according to Commerzbank AG.

Fewer Backlogs

Backlogs have already disappeared at three warehouse locations this year. Inventories monitored by the LME dropped the past 41 days, the longest streak in 10 years. Goldman Sachs Group Inc., whose Metro International Trade Services LLC operates in Detroit, said in June it complied with the LME rule. Aluminum stockpiles at Vlissingen warehouses, most of which are operated by Glencore Plc’s Pacorini Metals, are down for a 70th session to the lowest since May 2013.

Prices are down 7.3 percent from this year’s peak, trading at $1,964.75 today on the LME.

“Market conditions today are fundamentally different than the conditions in existence at the time the rule change was first proposed,” Rusal said yesterday. “The LME’s rule change, if now adopted, is likely to have little effect on queues or premiums.”

Warehouses are no longer attracting the metal because the premium is so high, according to Harbor’s Vazquez. Goldman is seeking a buyer for Metro and JPMorgan Chase & Co. sold Henry Bath & Son Ltd., a Liverpool-based warehouse company, to Mercuria Energy Trading SA.

While premiums may decline as more metal is released into the market, prices of aluminum will keep going up, Jessica Fung, an analyst at BMO Capital Markets in Toronto, said in a report yesterday.

“There is actual real demand for the metal,” Fung said. “LME prices are expected to continue to improve on the back of this demand.”

Posted by armt > 2014-10-10 17:46 | Report Abuse

Good stock, whats there to worry? I been tracking the premiums ever since I entered the stock about 5 weeks ago. Nothing to suggest anything has changed. In fact most analysts still think the outlook remains bullish for the commodity.

Posted by Joel > 2014-10-11 15:00 | Report Abuse

GOOD TO ENTRY AT BELOW RM5.00。
就在下个星期.

Posted by Joel > 2014-10-12 14:26 | Report Abuse

Pmetal 是其中一只股在2015 BUDGET 里头5只股首选当中之一！

我会再次买入PRESS METAL if 跌破RM5.00 ，

也许下个星期破RM5.00。

Posted by sarawakian > 2014-10-12 21:30 | Report Abuse

@Joel kindly share the link on your info. TQ

Posted by 3930 > 2014-10-12 23:28 | Report Abuse

Joel can u pls tell us why it in the choose 5 t u

Posted by Joel > 2014-10-13 09:53 | Report Abuse

I believed Pmetal will bullish at the end.
As what I read RHB Budget 2015 report.
Top 5 stocks to pick up:
1. Gamuda.
2.MAHB
3. PRESS METAL
4. SKPETRO
5. UNISEM.

Posted by turbo88 > 2014-10-13 09:59 | Report Abuse

Turbo is back !!...Banana where r u ?...."It is not despair, for despair is only for those who see the end beyond all doubt. I do not.”

Posted by 3930 > 2014-10-13 10:19 | Report Abuse

t u joel

Posted by pisangkuat > 2014-10-13 10:54 | Report Abuse

Turbo88 kuat.....hebat lagi

Posted by Joel > 2014-10-13 12:57 | Report Abuse

我就不相信买不到RM5.00 一下PMETAL。

Posted by Koekc > 2014-10-13 16:03 | Report Abuse

If pmetal breaks thru 5, next support might be somewhere around 4.6?

Posted by marketbull > 2014-10-13 16:14 | Report Abuse

Bought it at 5.7, haven't reach T+3 already paper loss $700 per share :(
Again justify the never catch a failling knife rules..

Posted by Tom_lks > 2014-10-13 16:17 | Report Abuse

TP: 1.80 , if good Q3 result then TP: 2.40

Posted by Selim Mk > 2014-10-13 17:55 | Report Abuse

Support 5.32 and 5.10 broke today, next support will be 4.31, 3.78.
For mid long term investor, current price is very attractive. For contra player, better don't touch any counter for this week. Let price stable first.

Posted by Joel > 2014-10-13 18:53 | Report Abuse

I dun think so current price is very attractive.

It will keep falling tomorrow or next day this week or continue few days to go.

Keep on eye first@PMETAL.

Posted by pisangkuat > 2014-10-13 21:25 | Report Abuse

Already say weaks ago since first meltdwn not to chase...it will break to 5.00...but ppl still chase hope it will rebounce...worst many entice ppl along to buy...nw those buy 6.00 and above die standing.... holding paper lost more than 10%.....if it rebounce at 5.00 still ok until split but if keep failing to 4 plus and issue bonus...price will go down half the value...like dialog and keep failing ever since after share bonus...before the split price...

Posted by alphajack > 2014-10-14 00:44 | Report Abuse

contra people of course will get burnt. Below 5 would be attractive..waiting..

Posted by pisangkuat > 2014-10-14 09:41 | Report Abuse

Not only contra get burned...those buy high also burned beyond recognised...

Posted by 88et88 > 2014-10-14 09:42 | Report Abuse

My enter price is high, 6.00, but i have no worries as I plan to keep this shares for at least a year.

Posted by Joel > 2014-10-14 10:01 | Report Abuse

TP RM 4.50 today or tomorrow.

Posted by Tom_lks > 2014-10-14 10:13 | Report Abuse

TP: 1.80

Posted by laughdieme77 > 2014-10-14 10:20 | Report Abuse

Posted by laughdieme77 > Oct 14, 2014 10:19 AM | Report Abuse X

optimusprime OptimusM OptimusX Posted by laughdieme77 > Sep 11, 2014 10:34 PM | Report Abuse

classic peak pattern, will melt to 6.00 soon.
24/09/2014 12:49
wakakaka Wakakakaka...Optifortune teller warn about melt down last week but when up another 30 cts...wakakaka...laught me die...
24/09/2014 13:28
25/09/2014 12:37


optimusprime Posted by laughdieme77 > Sep 11, 2014 10:34 PM | Report Abuse

classic peak pattern, will melt to 6.00 soon.

aluminium prices is expected to drop in conjunction with all commonities like gold oil silver iron etc etc. incl food coffee etc.

the massive deflation of anything from the ground. the end of commonities super-cycle?

now the traders are all shorting making money selling down and buying back cheaper.

laughdieme77
58 posts

Posted by laughdieme77 > Sep 11, 2014 10:35 PM | Report Abuse

ultimately pmetal would drop below 5.00 and settle around 5.00 and coma.
26/09/2014 11:20

Posted by slkjames > 2014-10-14 10:23 | Report Abuse

still down ~ dead lol

Posted by Abudance > 2014-10-14 11:00 | Report Abuse

Technical rebound already

Posted by Joel > 2014-10-14 11:32 | Report Abuse

Rem , today TP RM4.50@pMETAL .
will fall again.

Posted by rchi > 2014-10-14 11:59 | Report Abuse

turbo88,i m back,hahaha.

Posted by 360Capitalist > 2014-10-14 12:12 | Report Abuse

Market is damn bad. Aluminium price will go lower due to economy slow down in most parts of the world.. China, Germany, Russia. ..
Hopefully aluminium price can sustain at USD 1850,, 1760
http://www.kitcometals.com/charts/aluminum_historical.html

Posted by Abudance > 2014-10-14 13:04 | Report Abuse

QE confirmed stopping this month. So many people take profit first not only loci ...

Posted by 3930 > 2014-10-14 13:17 | Report Abuse

no m to buy more

Posted by rchi > 2014-10-14 15:11 | Report Abuse

station 530.

Posted by roguetrader > 2014-10-14 15:14 | Report Abuse

i entered @ 4.84 and 4.75 now throwing. but previous bot @ 5.34 and 5.11 still have to fight.

Posted by rchi > 2014-10-14 15:16 | Report Abuse

they are pushing up prior to bonus x date.