This coming quarter result is under full running condition if compares to last year quarter report. May out of your expectation. And so on to next coming quarter. Quarter report will be on this month.
Power blackout on august 2012. Startup pot on august 2013. April 2014 only part of the pots running if i not mistaken. Japanese injection on april 2014 too. April 2014 also the month aluminium price moving up. Therefore this quarter is based on full running condition. I do not expect that aluminium price will go up so fast at current situation. The highest at 2800 from previous history. 2500 is already beautiful enough. Koon will give 3 months bonus to all his staffs if aluminium price at 2800.
My earliest prediction aluminium price is at 2500 on september 2016. But now seems deviated from my analysis. Each impulse is larger than previous impulse.
Investors have been selling Press Metal Bhd’s shares in recent months amid fears of an aluminium glut. Its share price fell from RM3.60 in September to RM2.98 on May 14. However, the company’s fortunes have taken a turn for the better and it faces a happy problem – it can’t cope with rising demand for its aluminium products. Its plant is running at full capacity and it is ramping up production.
Press Metal, Southeast Asia’s largest primary aluminium producer, also posted a solid set of results for FY14 and looks set to enjoy a further upside in a price upcycle.
Though investors had been dumping its shares, group CEO Datuk Paul Koon Poh Keong remains undeterred and wants to carry on with a RM5.5 bil expansion plan. This will help Press Metal make its mark on the world stage not only as the largest aluminium smelter in the region but also one of the biggest in the world.
Once contribution from the new capacity kicks in next year, Press Metal is likely to breach RM6 bil in revenue, assuming aluminium prices remain at current levels.
Competitive advantage of low cost model and global export network, aluminium price rundown can be a good opportunity to eliminate weaker peers and increase market share. BUY!
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....
Joeylee
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Posted by Joeylee > 2015-05-11 16:55 | Report Abuse
I will wait until it spilts again.. :D