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PMetal revenue to date is more than MYR 8Bil with more than MYR 250 mil profit. Comparing PMetal share price with other of her peers, PMetal share price is considering low. It can go as high as MYR 7. New smelting unit is just being commissioned. You can expect PMetal income for this year increase considerably. My advice is finish off orders with hedge price MYR 2200 pmt first.
Undebatable, back to a basic fundamental is that the world metal alu demand is increasing instead of decreasing as the world is continue developing...share price dropping/still is a time for consolidation...and it will not stay forever consolidation..agree?
Even though aluminum price drops as much as 35% at the end of this year, PMetal earning won't be affected as they can increased their production capacity with their new commisioned smelting unit. PMetal can accept new orders and therefore will able to maintain their earning. Unless there is no orders or demand for aluminium. PMetal is a Growth Stock. It will continue to grow.
Material are scarce. Population increased every year. Many countries becoming more developed. We need aluminum as its light, anti corrossion, sparkless and we can now joint aluminum with other metals without welding. This counter is now within Top Ten active counters in BSKL.
don't shoot! Kevin Tam is based on fact contributing his views, we should welcome all angles of views to have a better picture of the actual situation. no harm to know more.
this stock mostly built with strong emotion and trend... fundamental wise has actually out of the point which not really countable for the current stock price...
All money in glove by spying my portfolio? Hehe… Press metal has gone up a lot in last 12 months , almost same time with glove counters to climb up (since last June or July) even though aluminium still in peak price at world market ; the time copper being pulled down by supply demand or China government force/ power, that is the time to be more cautious about this press metal with PE of more than 50-55….
somemore pmetal is not tech...which can't have fantasy story blowing...which mean realistic fundamental is quite a key factor for the stock price...yes no doubt it is currently in a good trend , good future ..but current price position really not for long-term holding , it is good for technical buy and trading profit
SJ Chew, PMetal has more than 50% shares in PMBTech which into getting more sales in aluminum product. We see this as a strategic move by PMetal to make more earning. EPF owns some of PMetal shares which make retail investor confident with PMetal.
Dun need to explain so much, the real fact has been showed at share price.
If all can be calculate by fundamental figure, i think no people will lost in stock market, include glove sector
yes.. exactly...that is what I want to say here....the fundamental reason for the current stock price is not valid, it is most on trend, emotion, profit , gain percentage on price , fear of missing out ...so dun use fundamental as a excuse to enter a high price stock unless u are clear understand u trade with trend
I think the share market has many newbies in investment ( less than 3-4 years experience) n most retail investors like to pump in money while share prices keep going up , for example , Press metal n MRDIY in last 6-9 months … Many think there is bubble in glove counters since last Nov-Dec but they can’t figure out what so special about Pmetal to get PE 50-55 valuation, only plus point is largest aluminium smelter in Malaysia but overpriced n aluminium also at peak level price in world market … copper may drop by China force , but not too sure about aluminium coz many new industries using more aluminium than 2-3 years ago
Kevin, you have a point here. PMetal's PE ratio is high because their EPS. With high market cap, PMetal should not make small earnings. When PMetal makes small earnings, their share price should not be this high. But with current market cap, we see PMetal has capital to continue to grow and able to capture more orders in future. We hope PMetal can share their earnings in future with higher dividen then.
china energy crisis would reduce the aluminium production, and cost will be higher, but on the other hand the slowing down of construction in china will reduce the demand for aluminium. pmetal is enjoying steady and relatively low cost of energy supply, will pmetal getting any advantages during this crisis?
Which insane research house given TP of 7.40? Even 6.00-6.20, market cap already more than 45-47 billion …. Unless whole south east Asia only Press metal as major aluminium smelter…
@Kevin, additional earnings boost from its 25%owned PT Bintan alumina refinery (Phase 2) which is targeted to fully commission in 1HFY22. Research house is HLIB. FYI.
HLG/ HL research standard has dropped recently , not sure what happen to their team of analysts … They like to give high TP since early of 2020, last year end , those research houses given very high TP to Topglove n Harta included HwangDBs, Maybank , HLG, Kenanga , maybe Cimb as well … HLG also given high TP to MRDIY n some of the technology counters… Whether Press metal worth RM6 or 6.50 , depends a lot on aluminium prices n can the Sarawak state electricity supply unit increase the tariff for Pmetal… With yearly profit of RM 1 billion n below n PE of more than 50, even looking at forward PE for year of 2022, it is strange that few research houses keep giving higher n higher PE to heavyweight Press metal ….
