Just came back from work. I just want to say kam siah.. arigato... bought this morning. tomorrow go tell my boss I want resign.. mian jo liao... lmao..
RHB - TP = RM5.75 (RM11.50 before bonus!)---------- We applaud Press Metal’s plan to double its Samalaju plant’s capacity, which would lift total smelting capacity to 760,000 tpa (~1.5% of global primary aluminium consumption). Maintain BUY, with a higher TP of MYR5.75 (68.1% upside) – at a 10% discount from our fully-diluted DCF valuation. We also lift FY16F earnings by 27.7% as the new plant will most probably replicate its low-cost model, which is in the first quartile of the global cost curve. http://klse.i3investor.com/blogs/rhb/64449.jsp
We applaud Press Metal’s plan to double its Samalaju plant’s capacity, which would lift total smelting capacity to 760,000 tpa (~1.5% of global primary aluminium consumption). Maintain BUY, with a higher TP of MYR5.75 (68.1% upside) – at a 10% discount from our fully-diluted DCF valuation. We also lift FY16F earnings by 27.7% as the new plant will most probably replicate its low-cost model, which is in the first quartile of the global cost curve.
Found out warrant quite interesting . Exercise price 1.10, now 2.29, value of the warrant could be 3.39. If based on RHB research, 5.75, fair value of pmetal WARRANT = 4.65.
RHB research not accurate. Commodity stocks mostly down. It aluminum taken and upswing. Watch for the price .. It has correlation to it. Wait till go down about rm3. Now up one day and down next day. Used to be few days up .. Then waterfall down.
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....
psloke232
7 posts
Posted by psloke232 > 2014-11-19 22:27 | Report Abuse
Can somebody please enlighten me on PE Ratio and Net Current Assets?