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.
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....
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!!
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
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.
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.
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.
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...
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.
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.
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...
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.
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.
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.
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....
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