limpeh lonely here.... aluminum price up someone come chitchat here with me..... i dont want to be that guy at comfort forum, 3 pages all him promoting.....
As the price of aluminium (raw or end products) is increasing day by day and projected to increase further until the world aluminium price stable (perhaps war end o r trade war cease, etc) , therefore for longer term, we can bet that this counter or related counters will have a handsome profits. But we have to bear in mind as well that price increase might also hamper the demand as the construction sector is at its weakest at the moment and many contractors have started to stop or delay projects due to mostly increase of material prices. LB core business is to produce extrusion for construction use. Shortage of workers is another problem that most sectors are facing at the moment. At the moment, if the price can stay above 50c, we might see a potential uptrend. Just hope for the best as current economy is too weak and its shown in the money market. No worry guys, we just hope for the best to come
LB Aluminium Bhd has reported its net profit to have increased 81% year-on-year for the second quarter ended Oct 31, 2022, thanks to higher average selling prices and improved margin in its aluminium products segment.
What do you mean by money laundering? can you explain from where it come? the source? Sorry, just feel like i need to know, maybe i can learn a thing or two
Aluminum counters got chance due to increasing high demand construction and electric car. Recent QR both revenue and profit performing well. Also, LBALUM golden cross appeared and aluminum price goes up steadily recently. I think got chance to go up further.
Aluminium is the next best metal type to buy because it is used to make electric car battery. Biden also is planning to put tariffs on aluminium imports thus increasing price. This helps Lbaluminium to sell at higher prices thus increasing their EPS and I believe before April end will reach 54 cents and by June will be well above 60. This is the next best thing as aluminium is more in demand due to increase adoption of ev vehicles in Asia.
Aluminum price per tonne is USD 2639.00 up USD 22. Average aluminium price from NOV2023-JAN2024(Latest QR of LBALUM) was around USD2230 per tonne. Expected good QR is coming.
LBALUM is an Aluminum company not the steel company. Aluminum companies, all benefit from high aluminum price due to high demand and lesser supply. Steel supply is more than the demand, so the steel price drops.
Agreed with aluminium prices soaring at 2 year highs together with usd, the next quarter seems good along with if they have any other property this quarter to boost like last time
Property business should be improved as the customer payment is according to the progress of the construction of the property. Now, the project is still under construction. Anyway, LBalum major business is still in Aluminum.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
hoot9e996
1,813 posts
Posted by hoot9e996 > 2022-03-24 09:19 | Report Abuse
why only me here.... people gave up aluminum stock?