Posted by DaitoRyu > 2021-09-07 18:51 | Report Abuse

Can't see why the upcoming result wouldn't be good, everything points to a good, or very good result.

Posted by benkoi888 > 2021-09-08 13:11 | Report Abuse

Aluminum future break new high again

Posted by DaitoRyu > 2021-09-08 14:40 | Report Abuse

Super, more good news for us.

Posted by DaitoRyu > 2021-09-08 15:01 | Report Abuse

Next resistance .76

Posted by SIQ555 > 2021-09-08 21:24 | Report Abuse

Aluminium features trading above $2,780(USD/T) and progressively heading upward. Since the price been ascending (highest since May2011), any price correction/revisal, should be safe & sound.

Posted by benkoi888 > 2021-09-08 21:26 | Report Abuse

Now above USD2800 already

Posted by trustmenojoke > 2021-09-08 21:43 | Report Abuse

ATH USD2800

Posted by Zrenxy > 2021-09-08 21:48 | Report Abuse

Tomorrow flying no jokes

Posted by Mr.Sm Invest123 > 2021-09-08 22:45 | Report Abuse

******KYY for FYI***********

齐力科技 (PMBTECH) – 与半导体和太阳能同步成长

公司背景

齐力科技 (PMBTECH) 创办于2002年，透过齐力工业 （PMETAL, 8869.KL）管氏家族的管理下，成功在2003年11月在大马交易所Second Board 上市，在2009年转至主板上市。截止2021年5月3日，齐力工业持有20.87%股权，是公司大股东之一。PMBTECH 的业务主要是铝贸易的下游产品，和制造硅金属 (Metallic Silicon) 业务。PMBTECH也是马来西亚最大的铝制脚手架系统 (scaffold system)制造商和Haulotte 航空出入设备的独家分销商。

业务分析

截至2021财政年上半(6MFY21), 建筑和制造 (Construction & Fabrication) 和制造与贸易业务 (Manufacturing & Trading) 分别占整体营业额31%和69%。制造与贸易业务是营运盈利 (Operating Profit) 的贡献泉源，占整体营运盈利的91%。

PMBTECH的业务可以分为两大类：

1. Manufacturing & Trading
硅金属通常按其所含的铁 (Iron)、铝 (Aluminium)、钙 (Calcium) 三种主要杂质的含量来分类标号为553， 441， 421， 3303， 2202等等。硅金属也称为工业硅或结晶硅，一般来说，金属硅可以划分为冶金级 (Metallurgy) 和化学级 (Chemistry)。冶金级的硅也称为金属硅，主要是因为它带有金属灰色且有光泽。

硅金属能扮演硬化剂 (hardener)和合金元素 (alloying element) 的角色，能制造发动机缸体 (engine blocks),合金轮辋 (alloy rims), 微处理器和太阳能电池等等。基本上在提炼过程中，接近一半的冶金级硅金属使用在化学用途，能制成润滑剂，密封胶，涂层，化妆品等等。在制造太阳能电池时，光伏级多晶硅（Photovoltaic grade polysilicon）会派上用场。目前90%的太阳能科技上都会看到硅金属的踪影。除此以外，全球超过33%的电子类产品如电脑，手机，平板电脑，电视机，收音机，硅金属也扮演着重要的角色。

制造硅金属业务是由全资子公司, PMB Silicon Sdn Bhd 负责。生产基地位于Sarawak 的Samalaju Industrial Park，拥有长期充裕的水力发电供给，且公司已经和Sarawak州政府签署长期电力购买合约，锁定极具竞争优势的发电成本，奠定公司往后成为全球领先的优质硅金属制造商。目前已使用的水力发电厂包括Batang (108MW), Bakun (2400MW), 和Murum (944MW), 而Baleh （1285MW）目前处于建设期间，预计在2025年投入运作，投入电量将达到3452MW。在2019年公司第一期的硅金属年产量达36,000公吨，而第二期也在2020年年底投入运作，年产量将增加额外36,000公吨，总产量达72,000公吨。

Ladder, Scaffold Tower, Aerial Working Platform Equipment

除了制造硅金属，公司也涉及建造存取设备 (access equipment), 包括旗下品牌, Everlas 家用和施工用途的铝制阶梯 (ladder)。该品牌在大马已超过30年，在超市和五金店都能找到。除了本地市场，多年以来该品牌也出口至全球各地，比如United Kingdom, Australia, South Africa, United Arab Emirates, Qatar, Kuwait, Saudi Arabia, Egypt, Lebanon, Kingdom of Bahrain, Bangladesh, Maldives, Yemen, New Zealand, Singapore 和 Indonesia等地。

作为全马最大的脚手架塔 (scaffold tower)制造商，公司的铝制脚手架塔获得SIRIM认证，在油气业，航空，国际会议中心，仓库，船厂，政府大楼等都有广泛使用。在2018年也获得Construction Industry Development Board （CIDB）的认可，确保产品能提供最高规格的安全标准。 在高空作业平台方面 （Aerial Working Platform Equipment）, 公司和法国知名品牌 Haulotte迈入第十年的合作伙伴关系， PMBTECH是该品牌的独家分销商。

2. Construction and Fabrication
从设计，制造，到安装铝幕墙，覆层系统，门面工程，铝系统模板工程等，PMBTECH有自家工程师提供一站式服务。安装铝幕墙不但有美化的效果，而且能节省能源，符合绿色大厦要求。

业绩分析

按年对比，得益于较高的销售，2021财政年上半年的制造业务营业额增长53%； 而建造业务营业额则微跌1.5%, 整体营业额按年上升30.55%，制造业务和建造业务的营运盈利赚幅(Operating Profit Margin 分别是13.29% 和 2.82%。而按年对比，上半年 (6MFY21)整体税前盈利暴涨3.5倍。

PMBTECH在2019年已把旗下4家子公司PMB Central Sdn Bhd, PMB Northern Sdn Bhd, PMB Eastern Sdn Bhd, 和PMB Aluminium Sabah Sdn Bhd， 以总值现金RM 44 mil转售予大股东，Press Metal Aluminum Holdings Bhd (PMETAL)，目的是要整合公司资源，在未来专注制造硅金属业务。这些子公司原属于制造与贸易 (Manufacturing & Trading)，在转售予大股东得来的 RM 44 mil ，其中85%或 RM 37.8 mil 来购买制造硅金属的原材料，碳电极 (Carbon Electrodes) 和低灰煤(Low ash coal)。另外的6.92% （RM 3.07 mil）作为派发股息,6.99% (RM 3.10 mil)作为营运资本，其余的1.09% (RM430K) 作为支付相关费用。

PMBTECH的负债率在过去6年都站在2倍以上，在2018年公司透过发放为期5年的不可赎回能转换无抵押债卷股 (Irredeemable Convertible Unsecured Loan Stock, ICULS) 向投资者筹募资金来进军制造硅金属业务。

需留意的是公司在2019年完成了拆股（1分为2），加上发放为期5年的不可赎回能转换无抵押债卷股 (ICULS) 并附送公司凭单 (Company Warrant)，导致股本提升而稀释了每股盈利，所以在2019财政年公司的每股盈利明显下滑。投资者能在有效期内随时转换ICULS 或该凭单，截至2020年4月20日，公司2019年年报显示投资者的ICULS和warrant持有单位分别还有74.8 million 和38.7 million 依然未转换成母股，也就是说若未来的日子里这些投资者决定转换成母股，这将稀释公司每股盈利。

成长因子 (Key of Growth)

1.全球硅金属需求稳定增长
在公司2019年年报管理层指出，得益于追求绿色能源，科技持续进步和半导体的需求量猛增下，全球硅金属需求将以4%的年复合增长率 (CAGR)稳定上升。公司第二期 (Phase 2) 的硅金属制造在2021年上半年开始做出贡献后，依然有土地空间和充裕的水力电源为潜在第三期和第四期持续提高年产量。

2. 第二个未来成长引擎- 综合型硅氧烷生产基地 (Siloxane
在2020年11月26日， 公司与Sarawak 州政府机构 (SEDC)签署备忘录(MoU)，在Tanjung Kidurong, Bintulu携手探索和经营一家综合型生产基地以供应硅氧烷予本地和国际客户。硅金属和甲醇 (methanol)乃是制造硅氧烷的两个主要原材料，硅金属的供应将由子公司 PMB Silicon Sdn Bhd 负责，至于甲醇则由 Sarawak Petchem Sdn Bhd 负责。Sarawak Petchem Sdn Bhd已经获得Sarawak 州政府的批准，在当地设立一家甲醇供应综合设施。

自1940年，从居家，医疗，电子，美容和化妆品等领域，硅氧烷已被广泛使用。硅氧烷里的成分有护发作用，也能被应用作为润肤剂，保湿剂等。

有机硅(silicone)是由硅氧烷配制而成，那透过有机硅的商业用途和市场规模也能间接推断硅氧烷的前景。由根据全球商業资讯咨询服务供应商 IHS Markit的一份研究报告（上图），中国依然是全球最大的有机硅 (silicone) 消费国，占全球42%（2012年：36%），接着是欧洲西部占全球17% （2012年：23%），美国则占全球15% （2012年：12%）。中国保持着领先的消费趋势，主要是当地拥有庞大且多元化的生产基地，尤其在医疗设备，密封胶 (sealants)，弹性体(elastomers)和电子类 (electronics)等等。根据独立市场调研机构Fact.MR指出，亚太地区 (APAC)将继续成为硅氧烷的主要消费地区，尤其在润滑剂 (lubricants)市场。至于拉丁美洲，中东和非洲将以温和姿态成长。

估值

回顾在2019年年末公司把旗下4家子公司以总值现金RM 43 mil转售予大股东，Press Metal Aluminum Holdings Bhd (PMETAL), 因此在2019财政年第四季度 (4QFY2019)录得一笔一次性转售盈利(gain on disposal) RM 10 mil, 如果剔除该笔盈利，调整后累积12个月的每股盈利 (Adjusted basic EPS)为 9.07仙，Adjusted P/E Ratio 为57倍。

展望2021财政年，目前上半年的累积税后盈利达RM 18.2 mil ，相等于公司在2020财政年全年税后盈利的80%。 如果公司在下半年第三季度和第四季度能复制第二季度的盈利水平或者交出将近每股盈利 RM 0.12,那2021财政年全年每股盈利将达 RM 0.20左右，如果以今天 (7th Sept 2021) 收市价 RM 6.93来观察，P/E ratio达34.6 倍。

总结
虽然 PMBTECH 处在高成长阶段，硅金属需求能见度高，但也得留意当中的风险，包括硅金属的价格波动，疫情持续蔓延影响产量，工程业务进度缓慢也会拖累整体盈利。

Posted by Mr.Sm Invest123 > 2021-09-08 22:47 | Report Abuse

******KYY for FYI***********

Posted by Mr.Sm Invest123 > 2021-09-08 22:50 | Report Abuse

KYY : LB Aluminium is much cheaper than Press Metal & PMB - Koon Yew Yin
Author: Koon Yew Yin | Publish date: Sun, 11 Apr 2021, 7:55 PM

hahahahahahahaha

Posted by Mr.Sm Invest123 > 2021-09-08 22:53 | Report Abuse

PMETAL=PMBTECH

Posted by Superb99 > 2021-09-09 10:34 | Report Abuse

uncle k comes and goreng this counter pls, aluminium price is so high now but this counter only up few cents....

Posted by Mr.Sm Invest123 > 2021-09-09 11:14 | Report Abuse

hahahaha

Posted by Luckyboy88 > 2021-09-09 11:26 | Report Abuse

Stop nagging about ctn price. Index in red zone what do u expect??

In fact, after ex bonus, this counter is in good hand. Current price now 0.67 = 1.1725 be4 bonus.

Just wait for the dividend lar.

Posted by Invest_888 > 2021-09-09 12:34 | Report Abuse

Steady accumulation!!!

Posted by ahbah > 2021-09-09 12:36 | Report Abuse

Please no cut your profit. Thanks.

Posted by trustmenojoke > 2021-09-09 12:41 | Report Abuse

uptrend.

Posted by ahbah > 2021-09-09 12:44 | Report Abuse

Korrect !

Posted by Luckyboy88 > 2021-09-09 14:06 | Report Abuse

EU will prohibited new sales of diesel cars by 2030. As for new gasoline cars, the time line set is 2035.

In order to accommodate this transition, a lot new eV plants already in the pipeline and aluminium as the raw material needed will be very much sought after.

750kg to 1 tonne per vehicles. Aluminium price will be supported by this game changer in mobility and price will only softened when phase out eV goes into recycle.

Posted by DaitoRyu > 2021-09-09 14:29 | Report Abuse

Release the Kraken

Posted by DaitoRyu > 2021-09-09 16:47 | Report Abuse

Grateful for any upward movement today considering how the index has performed.

Posted by risktoreward > 2021-09-09 20:54 | Report Abuse

It certainly wants to challenge its ATH

Posted by SIQ555 > 2021-09-09 22:02 | Report Abuse

Aluminium features trading above $2,800(USD/T).

Posted by Invest_888 > 2021-09-10 08:43 | Report Abuse

Aluminum price continue moving up to break record high. Lbalum share price should go up above 76cent.

Posted by DaitoRyu > 2021-09-10 08:52 | Report Abuse

Copper is so pricey now that aircons are switching to aluminium

https://www.theedgemarkets.com/article/copper-so-pricey-now-aircons-are-switching-aluminium

Posted by Superb99 > 2021-09-10 11:11 | Report Abuse

ya how come still below 0.7...index almost hit 2900

Posted by Luckyboy88 > 2021-09-10 11:48 | Report Abuse

Sold all my high cost av price 0.975 @ 0.675/0.68.

23k++ 1st.

Kept 90000 shares for dividend and long term.

Posted by DaitoRyu > 2021-09-10 12:22 | Report Abuse

Index still in the red zone, If still in the red on Monday, it's not good. Thats why it's not going up.

Posted by trustmenojoke > 2021-09-10 13:47 | Report Abuse

why sell when its an uptrend stock to buy.

Posted by Luckyboy88 > 2021-09-10 14:53 | Report Abuse

Last time, I only sold half around 1.2. Even price continue to rise to 1.39, I keep on holding as I strongly believe it could at least reach 1.6.

All in a sudden romours said kyy dump all, commodities got clamp down but I stubborn I buy back more starting 0.99.

Too bad price cont dropped and this make me feel uneasy as my profit become lesser.

Now relief. Buy Lba would not be far from my radar.

Posted by Luckyboy88 > 2021-09-10 15:08 | Report Abuse

1) US Market rattles me
2) aluminium price rises too steep, not reallly that good for aluminium consumers. I scare Lba contract customer or PO at cheaper delivery.
3)1.2 always a big obstacles, need big volume push or very good qr result.
4) the effect of mco3 on coming qr. I dun want to bet big, anyhow i still Lba shareholder.

Posted by Superb99 > 2021-09-11 14:05 | Report Abuse

Ya dj index facing resistance and started to drop since days ago, will sure affect local mkt, if not because of aluminium price is good now, I think this counter already go below 0.6

Posted by Superb99 > 2021-09-11 14:06 | Report Abuse

Apparently many contra players in this counter, when up a bit then people starts dumping

Posted by Invest_888 > 2021-09-13 09:27 | Report Abuse

Too many thinking, let LBALUM breaks the resistance 76cent first.

In comparison with other aluminum counter, LBALUM is the lowest PE.

Posted by Superb99 > 2021-09-13 10:29 | Report Abuse

from 0.695 to 0.675...dump dump dump...lol

Posted by Superb99 > 2021-09-13 10:50 | Report Abuse

clumsy counter

Posted by DaitoRyu > 2021-09-13 11:00 | Report Abuse

Patience, Alu prices about to break through 3k.

Posted by Limitupppp > 2021-09-13 11:52 | Report Abuse

Cyclical counter no need look at pe lar

Posted by jeremylin > 2021-09-13 18:02 | Report Abuse

Tp rm 1 in neae future

Posted by Superb99 > 2021-09-14 10:57 | Report Abuse

RM1...still far away...can dream first

Posted by Limitupppp > 2021-09-14 13:45 | Report Abuse

Hahaha holland run run run

Posted by risktoreward > 2021-09-14 15:15 | Report Abuse

Take profit 0.66 for 15% gain

Posted by trustmenojoke > 2021-09-14 15:21 | Report Abuse

heng ah. TP ytd and tis morning. tq cyclical counter. :)

Posted by syuraizat > 2021-09-14 15:33 | Report Abuse

Demmm what happen....

Posted by Superb99 > 2021-09-14 15:47 | Report Abuse

even aluminium price is rebounding but price still gg, manipulated by buaya

Posted by Superb99 > 2021-09-14 16:18 | Report Abuse

wait for another buaya then since aluminium price still ok

Posted by Stitcher > 2021-09-14 16:56 | Report Abuse

haihhh... me thinking of going long also. but have to exit when breached @.67. been here since .58.

Posted by Superb99 > 2021-09-14 18:12 | Report Abuse

alcom also dropped a lot, could be dumped by same buaya..initially also think can hold longer but too bad up a while only...sigh...they like to use all these commodity price as a goreng theme.

Posted by Superb99 > 2021-09-14 18:13 | Report Abuse

nowadays, good counters also being dumped like penny counters...too bad...