PRESS METAL ALUMINIUM HOLDINGS BERHAD

KLSE (MYR): PMETAL (8869)

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Last Price

5.36

Today's Change

+0.06 (1.13%)

Day's Change

5.26 - 5.36

Trading Volume

6,389,400


18 people like this.

15,895 comment(s). Last comment by Augustine 6 days ago

happy123

213 posts

Posted by happy123 > 2015-03-12 20:58 | Report Abuse

Both Tue and Thurs price up with nice vol, looks like more to come. A good week for pmetal

Posted by uchitech008 > 2015-03-12 21:01 | Report Abuse

Qwerty,how r u?

zekuan

533 posts

Posted by zekuan > 2015-03-13 09:44 | Report Abuse

You really GOD IF it is come true....Kanbatei......

dusti

2,404 posts

Posted by dusti > 2015-03-13 10:48 | Report Abuse

Time to close your eyes and jump right in.............and enjoy a good weekend with your profit. Good Luck and Cheers

Posted by uchitech008 > 2015-03-13 11:09 | Report Abuse

Thank you qwerty, enjoy with skpres n vs but should listen ur advice on disposing mulpha earlier when u told me sell it any stock if price below ema 200. Anyway,still holding.

Posted by uchitech008 > 2015-03-13 11:11 | Report Abuse

I saw ur comment u start buying sch. Wish to follow u this time.any further comment on it.

Posted by uchitech008 > 2015-03-13 12:56 | Report Abuse

Ok,queeing 0.27,if cant i will buy it directly when market open

Posted by uchitech008 > 2015-03-13 13:00 | Report Abuse

Qwerty,any immediate target price for sch.

Posted by uchitech008 > 2015-03-13 14:35 | Report Abuse

Qwerty,dont mind to share TA on jcy bought few months ago.

Posted by uchitech008 > 2015-03-13 15:12 | Report Abuse

Yes, sch matched 0.27.

spear

316 posts

Posted by spear > 2015-03-13 22:43 | Report Abuse

TP 4.00 within 1H2015, anyone?

dusti

2,404 posts

Posted by dusti > 2015-03-15 21:34 | Report Abuse

4.00 end of the week?

sarawakian

292 posts

Posted by sarawakian > 2015-03-16 14:02 | Report Abuse

http://www.nanyang.com/node/687500?tid=696

first i read The Busy Weekly's coverage on Pmetal 2 weeks ago now this morning Nanyang's Business Weekly covered further on Pmetal.....hulala....ayuh Pmetal ....korak langkah mu ke TP:RM5.35....

Posted by Undefeated > 2015-03-17 22:26 | Report Abuse

Aluminium commodities price very bearish now...Lower low for the third times.
http://www.westmetall.com/en/markdaten.php?action=show_table&field=LME_Al_cash

dusti

2,404 posts

Posted by dusti > 2015-03-18 11:56 | Report Abuse

When the price is low.......BUY?

alphajack

3,685 posts

Posted by alphajack > 2015-03-18 19:06 | Report Abuse

oversold today..will get pushed back up tomorrow. 2.3+

alphajack

3,685 posts

Posted by alphajack > 2015-03-18 21:23 | Report Abuse

cant you all see aluminium price has just started to rebound.weird..rebound started last week after oil plunge..it has no relation with oil price.it has bottomed down last week as correctly predicted by some analysts months ago..of course they didnt know it would happen last week..but can see from the chart that it's very possible. Double top last year and then bottom..now will rebound 0.9 USD/lbs from 0.8 USD..gonna be very bullish for pmetail.. pe of 20-25 will be justified again..tp 4 ringgit in within 6 months. Very possible!!

alphajack

3,685 posts

Posted by alphajack > 2015-03-18 21:23 | Report Abuse

ACCUMULATE NOW!!!

traderman

7,854 posts

Posted by traderman > 2015-03-19 11:15 | Report Abuse

qwerty, why you remove your comments in EG ?

jeannie

459 posts

Posted by jeannie > 2015-03-20 10:55 | Report Abuse

what happened??? keep dropping, sob sob

zekuan

533 posts

Posted by zekuan > 2015-03-20 17:16 | Report Abuse

Wish to see a sharp rebound next week

traderman

7,854 posts

Posted by traderman > 2015-03-25 09:26 | Report Abuse

qwerty delete his eg post again after eg fail break out ... beware this conman

Posted by Kelvin Ching > 2015-03-28 10:08 | Report Abuse

ACCUMULATE NOW! before up

happy123

213 posts

Posted by happy123 > 2015-03-31 07:22 | Report Abuse

Good sign that the big boss is buying

alphajack

3,685 posts

Posted by alphajack > 2015-04-01 23:35 | Report Abuse

3.40 can take profit..damn my average 3.23 kikikiki scared aluminium price might reverse..chart turning from bullish to..zz

Posted by nsyee28282828 > 2015-04-06 13:50 | Report Abuse

Aluminium price good or not? big boss buying also no use if aluminium price dropping..

Posted by nsyee28282828 > 2015-04-09 14:29 | Report Abuse

any good news or bad news?

Posted by runningmen > 2015-04-09 15:13 | Report Abuse

toward 3.70

jeannie

459 posts

Posted by jeannie > 2015-04-10 10:51 | Report Abuse

hope it keeps moving, instead of moving up and down at this point...

happy123

213 posts

Posted by happy123 > 2015-04-10 15:55 | Report Abuse

Alcoa result is weaker than expected. More important thing is that company also cited that excess inventory situation resulted in sliding of selling price, facing stiff competition from china supplier

Joeylee

807 posts

Posted by Joeylee > 2015-04-11 22:10 | Report Abuse

China production cost is higher than pmetal. How to compete with pmetal ? Cheapest electricity in world is in sarawak.

Joeylee

807 posts

Posted by Joeylee > 2015-04-11 22:18 | Report Abuse

Aluminium price is sliding down. However this giving good opportunity to her to accumulate. Phase 3 running on this august.2015. next year huge injection from japan again. Watch out..beyond 7.50 again.. alumiunium price cannot be forever down. Rebounce back from bottom soon will reach 2500. Aluminium price cannot at the same level low to last year.

Joeylee

807 posts

Posted by Joeylee > 2015-04-11 22:20 | Report Abuse

Count yourself what is the pmetal net profit when aluminium price is at 2500.

fortunebullz

2,000 posts

Posted by fortunebullz > 2015-04-11 22:27 | Report Abuse

If bought in January, already rm1 profit margin! Why complain now!

Joeylee

807 posts

Posted by Joeylee > 2015-04-11 22:35 | Report Abuse

Aluminium price is sliding down. Pmetal price still up. Shark is accumulating.

Joeylee

807 posts

Posted by Joeylee > 2015-04-12 10:49 | Report Abuse

Last year low aluminium price is at 1655. This year low cannot be lower than 1655. 1726 will rebounce sharply and fast. Last correction.. From this year low will be continous up to year 2017 price may be will reach 2500 next year. Price will fluctuate again in 2500 to 2300 range in year 2017. Aluminium price is only extra super bonus for pmetal. Main factor of wining is their production cost is the lowest in whole world. China plants will suffer due to price is 1655 but not pmetal. Added with their own alumina mining plant again.. Therefore Japanese Sumitomo plan to inject it very soon.. One single call from sumitomo again will push up the price very fast. Conclusion is Long term hold for this counter.

Posted by 360Capitalist > 2015-04-12 21:13 | Report Abuse

METALS-Aluminium drops on oversupply worries
http://af.reuters.com/article/metalsNews/idAFL5N0X61VX20150409

LONDON, April 9 (Reuters) - Aluminium hit a three-week low on Thursday on concerns of oversupply and a cut in Chinese power prices, while lead and zinc hit multi-month highs on further inventory drawdowns.

Daily London Metal Exchange (LME) data showed lead stocks MPB-STOCKS fell 725 tonnes to 223,125 tonnes, their lowest level since mid-March, while zinc stocks MZN-STOCKS fell 50 tonnes to 509,925 tonnes, their lowest point in five years.

Posted by 360Capitalist > 2015-04-12 21:14 | Report Abuse

LME OFFICIALS: Aluminium prices fall as Alcoa sparks oversupply concerns
April 09, 2015 - 14:16 GMT Location: London

KEYWORDS: London Metal Exchange , aluminium price , Alcoa , lead , copper

Aluminium prices dropped during official trading on the London Metal Exchange on Thursday April 9, as Alcoa sparked concerns that the market will be in oversupply this year.

Three-month aluminium settled at $1,769/70 per tonne, down from its previous price of $1,774/74.50, after Alcoa predicted that the market would be in surplus in 2015. "Alcoa, the largest US aluminium producer, expects a supply surplus of 326,000 tonnes on the global aluminium market this year. Three months ago the company was still anticipating a moderate deficit. The surplus is...

http://www.metalbulletin.com/Article/3443518/LME-OFFICIALS-Aluminium-prices-fall-as-Alcoa-sparks-oversupply-concerns.html#axzz3X6GO2Zpt

Posted by 360Capitalist > 2015-04-12 21:32 | Report Abuse

http://www.benzinga.com/analyst-ratings/analyst-color/15/04/5395914/stifel-lowers-alcoas-price-target-by-a-buck?utm_campaign=partner_feed&utm_source=marketwatch.com&utm_medium=partner_feed&utm_content=analyst_ratings_page

Shares of Alcoa Inc AA 0.45% were down about 4 percent on Thursday, after the company missed revenue estimates when reporting financial results on Wednesday. To better reflect the impact of lower premiums, Stifel analysts Paul Massoud and Anthony Shen adjusted their second quarter estimates and trimmed their price target on the stock from $20 to $19.

Despite the reductions, the firm maintained a Buy rating on shares, maintaining its longer-term thesis that Alcoa is "shifting its portfolio away from the upstream business and raising exposure to value add businesses that should continue to benefit from aerospace demand and rising aluminum consumption from autos."

The price target drop was triggered by the lukewarm results and the decline in LME aluminum prices and regional premiums. These led Stifel to lower its realized aluminum price for 2Q15 from $2,500 per tonne to $2,350 per ton. As a result, they now estimate second quarter EPS of $0.24, versus their previous estimate of $0.27 (Street consensus is $0.26). Their 2015 EPS estimate is now $1.21, down from $1.25 previously (Street consensus is $1.06) as the first quarter beat is offset by somewhat lower aluminum price assumptions in the second quarter.



Read more: http://www.benzinga.com/analyst-ratings/analyst-color/15/04/5395914/stifel-lowers-alcoas-price-target-by-a-buck#ixzz3X6MW7DPR

Posted by 360Capitalist > 2015-04-12 21:32 | Report Abuse

http://www.kitcometals.com/charts/aluminum_historical.html

Aluminium price at 5 years low

Joeylee

807 posts

Posted by Joeylee > 2015-04-13 15:41 | Report Abuse

Hit 1760 the low again.. Today can see a fast rebounce from 1760. Very big possiblitly aluminium price today has reached the bottom today from the wave formation. Today is the day.. 360Capaitalist forget about alcoa.. Buy pmetal... From the pmetal pattern, injection should not be on next year august 2016.

Joeylee

807 posts

Posted by Joeylee > 2015-04-13 15:50 | Report Abuse

I expect 1726.. Does not seem it is 1726... 1760 is last wave.. From this wave formation this year end should reach 2200 to 2000. Only next year will reach 2500...

Joeylee

807 posts

Posted by Joeylee > 2015-04-13 19:48 | Report Abuse

This year should be more than 7.50. Above 9.00 wiĺl resulted spilt again. All together stiĺl continue on to year 2017. I cannot see that far 2018 anymore.

Joeylee

807 posts

Posted by Joeylee > 2015-04-13 20:02 | Report Abuse

Aluminium is more worthy than gold. What is the use of gold? Actually it is a bubble like bird nest. 1kg of bird nest was on the highest price at rm 9000. Now how much it is per kg.. rm 300 only. A piece of bird saliva that people worship it when this bubble broke. Nothing inside.. no vitamin... no mineral.. Funny huh.. gold still moving towards 800. But however there is still a high demand for aluminium. Hard to apply correlation to commodity.

Jingweihan

1,605 posts

Posted by Jingweihan > 2015-04-13 20:39 | Report Abuse

Let see rm3.50 first

Joeylee

807 posts

Posted by Joeylee > 2015-04-13 20:44 | Report Abuse

Last year 2014 on march was the lowest price for aluminium when people losing faith. Injection occurred on april 2014. I also not aware of that. This time i share my info. Good luck. Happy trading.

Posted by 360Capitalist > 2015-04-14 08:45 | Report Abuse

JoeyLee.. Don't simply put up a statement : Aluminium is more worthy than gold. What is the use of gold?

With this statement we can simply gauge your level of intelligence and knowledge

Joeylee

807 posts

Posted by Joeylee > 2015-04-14 11:17 | Report Abuse

Gold has to achieve 800... 360capitalist... future no hope.. bubble do u understand

Posted by 360Capitalist > 2015-04-14 15:56 | Report Abuse

in this world.. only Joeylee one person is putting a statement aluminium got more value than gold... stupid statement

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