Still strong at 50c. Recently market price for aluminium extrusion went up a lot but again, due to weak economy and stagnant of the construction sector, it's not helping much to the company in the short run. Down trend and side way looks more possible in coming days. Can wait for good hunting bargain if the price goes back to the range of 40.
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.
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....
Posted by devshinoda > 2022-03-09 23:38 | Report Abuse
Let's see tomorrow...