Pmetal quarterly revenue is approx RM 1b , this translate to approx USD 300mil , comparing Q3 exchange rate of average RM 3.2+ to Q4's 3.5+ , forex gain per every USD 1 revenue will contribute an extra RM 0.30 to Pmetal profit , well I might be wrong .
Aluminum is in a sweet spot this year as changes in the U.S. auto industry bring about a long-awaited equilibrium in supply and demand, traders say. ...... "The aluminum industry is embarking on its biggest boom in history as a unique combination of regulatory requirements and demand factors increase its adoption in the global automotive industry, amongst others," Australian broker Global Prime said in a report last month.
Shld not limit urself in 2.71. Based on world supply demand and of coz positive outlook on aluminium price increase, the shares have bright future. I can feel ur sour because cant buy it at lower price. Cheers bro
as mentioned by some one above, only one day show yesterday, short time traded up to 2.71 and down all the way...really cannot understand for its huge volatility ??
dare not buy anymore, bought since 2.65 and average down all the way, no more bullets liao, average to 2.57 with huge position, miss the boat yesterday to cut position at 2.65-2.71..turn to negative now..no choice but to hold further
megaloh, i think due to pmetal in the sector of commodity with oil also beaten down yesterday ... don't say aluminium not relate oil, this is global economy ... if world economy bad, who gonna buy aluminium ? dont just think pmetal earning will be good good good, demand will be strong strong strong ... operator said bye bye, you all retailer hold as much as you can.
not to say pmetal wont rebound, but is at 2.4 or lower ... LOL ...
megaloh ... 1. you damn rich, can keep average down pmetal 2. you damn brave, only chase pmetal 2.65 yesterday which at that point already up 25 cent and risk reward certainly not in your side which proving now ... hahaha
It's interesting to note that the highest monthly average LME closing price for aluminium since early 2013 was USD 2030/tonne for August 2014 vs the current price of USD 1770/mt. However, this price drop is cushioned by the drop in MYR from 3.18 to 3.59 (MYR/USD) over the same period. In ringgit terms,there has been little change (from MYR 6455/mt to MYR 6354/mt), so the income for Pmetal should be still be very good at current metal price price & exchange rate.
Slowing property sector cut demand in aluminium building material and dropping in oil price reduce demand in lightweight automobile industry, buy pmetal now = suicide
who say spear :Slowing property sector cut demand in aluminium building material and dropping in oil price reduce demand in lightweight automobile industry, buy pmetal now = suicide
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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....
coffeepimple
541 posts
Posted by coffeepimple > 2015-01-13 09:59 | Report Abuse
So now u see the price.