Highlights / Stock Picks of the Day Press Metal Berhad (PMETAL) – Trading Buy Aluminimun smelter PMETAL has gained much market interest on the back of stronger earnings prospect ahead of better aluminium market fundamentals. At the end of yesterday, its share price closed at RM6.08 on higher trading volume. Since early Sept, its share price has been on a downtrend until a breakout from the +2 s.d. downtrend regression line at RM5.87 yesterday, signaling revival of bullishness in the stock. In addition to that, the MACD has also staged a positive crossover of the Signal line with momentum indicators showing positive readings. On the back of the bullish bias, we are placing a ‘Trading Buy’ call on this stock with the expectation that the share price could possibly retest its previous high of RM7.45 with a potential upside of 22.5%. Meanwhile, a strict stop-loss is placed 3 bids below the RM5.60 (S1) level at RM5.57. Outlook Bullish Key Resistance level RM6.22 (R1) RM7.45(R2) RM8.68 (R3) Key Support level RM5.60 (S1) RM5.34 (S2) RM4.85 (S3) Strategy Trading Buy Current Price RM6.08
Aluminium prices failed to break above the $2,000-per-tonne level at the end of trading on the London Metal Exchange on Tuesday October 27, but still posted gains on a close-to-close basis.
The three-month contract closed at $1,996 per tonne, up from $1,983 per tonne at the bell on Monday, below an intraday high of $2,004 touched briefly earlier in the day. Investors made another approach on $2,000 moments before the close of trading, but selling resistance at the psychological target level proved overpowering on Tuesday. Aluminium prices and premiums have enjoyed strong support in recent...
I believe what hengeh said, PMETAL must pass through RM6.32 strongly before moving to RM7.00. This morning reached 6.34 and came down. Second try is making now.
Let's see if this will happen today and we all sailing to RM7 soon.
hi pisangkuat bro, LB akan datang, we have waited for sometime already since we entered at wrong timing, so need more patience. Once after it's AGM, later start SBB, hope to see the power. By the way LB is not doing smelter.
There are ways to overcome if we started losing patience. Example I came to PMETAL on right timing (thanks to the earlier correction), now gets some balancing here when thinking abt LB, so far pretty good.
It's up to individual characters as well, hope we all learning and train our patience/careful when doing initial trading/investment into a new counter.
MZD8168 Depending on your financial appetite and your set target. For me I am going through the exercise. Hopefully it reaches 8.00 on ex day. After ex day I am looking at 5.00 before consider to sell.
between now to ExDate - should be smooth sailing to higher as possible.
between ExDate and next couple of days/week - predicting market still good demand on aluminium. Therefore it may continue the uptrend. Also expecting some profit taking along the uptrend way.
Overall PMETAL still bullish, nothing negative. So better to keep and let's see the next Qtr Report (mid-Nov), it will make you no regret to keep it.
MZD8168....I believe the next qtr financial result is expected to be good also. However, if you have reached your target it is time to sell and do not look back. Even if it goes up by another dollar do not feel regret, otherwise, you will not be happy. You should let other people make some money also because they are the ones that push up the stock price for you to sell. So be happy and merry if you have made a few thousand dollars and thank God it is not the other way round. Cheers!!
anyway just my own view trade at own risk:) cc boost from 0.185-0.26 (40%) cb from 0.38 to 0.5 (31%) etc since last wk so the cheapest one still got surplus chances from wat i see happy trading:)
With the Q3Report just released today (actually 1-2 weeks earlier than previous quarters), it's meant for us to see tomorrow or later next Monday, PMETAL will breaks all time high record 7.46 and moving towards TP set by Kenanga, RHB at 8.87, 8.30 before BI ExDate!
12% per ordinary share of RM0.50 each prior to the Bonus Issue or equivalent to 6% per ordinary share of RM0.50 each upon the completion of the Bonus Issue on 11 November 2014 for the financial year ending 31 December 2014
Ex date: 12/11/2014 Entitlement date: 14/11/2014 Payment date: 27/11/2014
Rishi, I didn't count it, it's copy-paste from the announcement, I thought by copy-paste the message from the announcement into here, save the time for you guys to click the link and go there/read it.
I'm asking the percentage of declaration been made. I don't get the point of the 12% or 6% would you mind to explain on that. Well, usually it will be clearly stated in cts per share but kinda blur on the percentage.
Third Interim Tax Exempt Dividend of 12% per ordinary share of RM0.50 each prior to the Bonus Issue or equivalent to 6% per ordinary share of RM0.50 each upon the completion of the Bonus Issue on 11 November 2014 for the financial year ending 31 December 2014.
sorry and I kindly appreciate to know the explaination. thank you very much. :D
12% of RM0.50 is RM0.06 (6 cents) But this dividend is going to payout AFTER Bonus Issue, so %, div are divided into half That means 12% becomes 6% of RM0.50 is RM0.03 (3 cents)
Ohh it means they will pay the dividend for 2 times whereby before the bonus issues of 6% and after the bonus issue of 6% which give 12% in total. Besides that, the 6cts is per unit share rite?
Thank you very much taking your time to reply.
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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....
rchi
20,923 posts
Posted by rchi > 2014-10-29 11:36 | Report Abuse
turbo88,i have to leave early here,but i will still join you at d celebration,good luck.