Iown shares which is like $1.2 b4 split and I also have shares at $3.20 after split. I have 300k shares in total but avg price probably at $1.2. I m sitting on good profit but huge loss on currency exchange as a Singaporean
China factory just bought lot of Bauxite from Australia. Hope their future export of aluminium product wouldn't cause thermal nuclear war at the market.
2.62 can be seen as strong support. Sapu la if it ever comes to 2.62 and 2.63. Rookie are selling it when looks at klse. Klse 1710 can be counted as lowest. Rookie does not know today is the lowest. I already sapu too much.. hahaha..
From 1710 still can rise up 1980. Year 2017 can be said the wave is fully extended. 2018 also no worry downtrend one year then up again in year 2019 . This market never die.
2.62 megasell only today. Tomorrow tak ada.. last time megasell on 2.60 for two days. Nobody want it. Only me. Now more opportunity on 2.62. I running out of bullet. Hahaha..
Press Metal’s new capacities to boost earnings growth Press Metal Bhd (July 3, RM2.64) Maintain outperform with a low-er target price (TP) of RM3.88: We visited Press Metal Bhd’s Samalaju smelting plant in Bintulu, Sarawak, recently to gather some updates on its smelting operation. We came away feeling positive as we believe that Phase 2 of the Samalaju plant will be fully operational by the end of the third quarter of 2015 (3Q15), while Phase 3 will commence operations by end of 4Q15. The new capacities will translate into superior earnings growth in FY16. On June 8, Press Metal started to ramp up its Phase 2 Samalaju smelt-ing plant, which was shut down temporarily on May 21 due to a fire.About 15% of the Samalaju smelting pots are already up and running. Although the remaining pots are still being cleaned and repaired management is confi dent that the plant will resume full operations by end-3Q15. We also like the fact that, unlike the previous power shutdown incident in Mukah, the pots in Samalaju remain functional and were adequately insured.
The Phase 3 Samalaju smelting plant (320,000 tonnes per annum [tpa] capacity) will be trailing its Phase 2 plant (320,000-tonne capacity). The construction progress of Phase 3 is 60% completed. Moreover, on June 16, the early supply and delivery of 500mw power by Syarikat Sesco Bhd is timely as the group will be able to execute full production upon commissioning of Phase 3. As ramping up of production takes at least six months, we expect the company’s total smelting capacity to increase from the existing 440,000 to 760,000 tpa before the end of FY16. Based on our sensitivity analysis, a 1% increase in US dollar against the ringgit will increase FY15 to FY16E earnings by 5% (+ RM14 million to RM20 million). Our FY15E (estimate) earnings are relatively unchanged (cut by only 1%). Nonetheless, FY16E earnings are revised slightly higher by 2% as we revise the production capacity 50% higher in FY16 in line with the start of production in Phase 3, but this is partly off set by the full power drawdown from Sesco. — Kenanga Research, July 3
aiyoh...all this report not going to help lar...kenanga has bought lots of shares oredi... Now pumping up the news to dump the shares to unsuspecting buyers like us...
time to leave this stock liao...the upside will take some time to crystalise. Not that it will fall like airasia given its strong fundamentals but difficult to kick-start the momentum for it to go up...Having this stock is like watching paint dry...
Ini kali lah Dato-Dato dan Datin sudah banyak beli Pmetal pada 7hbJulai,2015 - Harga Rm 2.40 . HaHaHa Saya hari ini beli Rm 2.44. sudah lebih RM 0.04. Tunggu ia naik itu sahaja . Terima kasih pada Dato dan Datin kerana memberi sokongan terhadap syarikat beliau . " KAKI CEMBURU "
maybe not lar...but to continue staying at this level is a bad investment oredi...Time is a factor of returns..Dividend policy may be adjusted downwards due to continue pricing weakness in alu. Better stay on the sideline for now and switch to higher yielding stocks or for those with higher risk appetite, riskier stocks.
pmetal is a highly geared up company...they will be badly hit is alu price dipped below their marginal returns. All sorts of complication will arise...Breach of lending covenants, margin call, cross default...u name it...a cascade of gearing issues.
tell me what is PM current gearing ratio and what is acceptable idustry std? is there a big concern on their gearing ratio compared to before? i don't think so. But the current weak market demand, fierce competition from China coupled with sliding Al raw mat'ls price is a concern
Dont think any fantastic result and probably also no rosy outlook. Will have to hold for a while. ..hopefull not too long like the last round took years to recorecover
This stock is not the flavor of the month and most likely won't be for the next half a year. Commodity markets are bad .Seems to me, 2nd qtr PMetal will make significant losses. A few weeks before results are out. Let's see....
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....
hockhuat
329 posts
Posted by hockhuat > 2015-06-24 00:43 | Report Abuse
steady123...10 years ago price??...means this stock is heading to Rm1.80 very soon