LBALUM

9326

LB ALUMINIUM BHD KLSE Summary

Main Market : Metals

0.515 ↑

0.005 (1.0%)

View more market depths

High	0.520
Low	0.510
Open	0.510
Volume	198,100
Volume (B/S)	155,200 / 11,000
Price Bid/Ask	0.505 / 0.515

52w	0.435 - 0.610
ROE	7.16
P/E	7.65
EPS	6.73
DPS	2.50
DY	4.85%

NTA	0.9400
P/B	0.55
RPS	219.74
PSR	0.23
Market Cap	223.9M
Shares (mil)	434.85

QoQ

RTopQ RQoQ RConQ RYoY

CAGR

3Y -11.2% TTM -11.2%

5Y 19.1% TTM 19.1%

RSI(14)	Neutral 46.5
Stochastic(14)	Neutral 33.3
Average Volume (3M)	1,674,300
Relative Volume	0.1

30-days Price Larger Chart Technical Charting

EPS	DPS	NTA	Revenue	P/L	Quarter	Q Date	Financial Year	Announced	ROE	QoQ%	YoY%	Report
30 Apr, 2024
2.1700	2.500	0.9400	273.6m	9.4m	4	2024-04-30	30 Apr, 2024	2024-06-26	2.3%	15.2%	62.6%	View
2.5600	0.000	0.9200	254.4m	11.1m	3	2024-01-31	30 Apr, 2024	2024-03-27	2.8%	154.5%	37.6%	View
1.0100	0.000	0.9000	221.7m	4.4m	2	2023-10-31	30 Apr, 2024	2023-12-06	1.1%	1.2%	64.6%	View
0.9900	0.000	0.9100	205.9m	4.3m	1	2023-07-31	30 Apr, 2024	2023-09-27	1.1%	26.3%	65.4%	View
30 Apr, 2023
1.3500	2.500	0.9000	184.8m	5.9m	4	2023-04-30	30 Apr, 2023	2023-06-28	1.5%	27.5%	65.6%	View
1.8600	0.000	0.8900	159.8m	8.1m	3	2023-01-31	30 Apr, 2023	2023-03-29	2.1%	34.5%	45.3%	View
2.8400	0.000	0.8700	206.1m	12.4m	2	2022-10-31	30 Apr, 2023	2022-12-06	3.3%	1.2%	81%	View
2.8800	0.000	0.8600	227.1m	12.5m	1	2022-07-31	30 Apr, 2023	2022-09-27	3.3%	26.6%	311.2%	View
30 Apr, 2022
3.9200	2.500	0.8300	216.1m	17.0m	4	2022-04-30	30 Apr, 2022	2022-06-28	4.7%	15.2%	34.5%	View
3.4000	0.000	0.8000	197.1m	14.8m	3	2022-01-31	30 Apr, 2022	2022-03-29	4.3%	116.7%	0.6%	View
1.5700	0.000	0.7900	158.8m	6.8m	2	2021-10-31	30 Apr, 2022	2021-12-09	2.0%	124.5%	26.9%	View
0.7000	0.000	0.7700	114.5m	3.0m	1	2021-07-31	30 Apr, 2022	2021-09-30	0.9%	77.1%	29.7%	View
30 Apr, 2021
5.3400	2.500	1.3400	144.8m	13.3m	4	2021-04-30	30 Apr, 2021	2021-06-29	4.0%	10.9%	245.7%	View
5.9900	0.000	1.2900	144.3m	14.9m	3	2021-01-31	30 Apr, 2021	2021-03-30	4.6%	59.4%	248.4%	View
3.7600	0.000	1.2300	125.1m	9.3m	2	2020-10-31	30 Apr, 2021	2020-12-08	3.1%	115.8%	128.3%	View
1.7400	0.000	1.2000	113.0m	4.3m	1	2020-07-31	30 Apr, 2021	2020-09-29	1.5%	147.6%	5.7%	View
30 Apr, 2020
-3.6500	1.000	1.1800	76.0m	-9.1m	4	2020-04-30	30 Apr, 2020	2020-06-30	-3.1%	312.5%	444.3%	View
1.7200	0.000	1.2200	125.3m	4.3m	3	2020-01-31	30 Apr, 2020	2020-03-26	1.4%	4.5%	5.9%	View
1.6500	0.000	1.2000	130.0m	4.1m	2	2019-10-31	30 Apr, 2020	2019-12-05	1.4%	10.9%	44.4%	View
1.8500	0.000	1.2000	126.8m	4.6m	1	2019-07-31	30 Apr, 2020	2019-09-30	1.5%	72.3%	71.8%	View
30 Apr, 2019
1.0700	1.500	1.1800	113.0m	2.7m	4	2019-04-30	30 Apr, 2019	2019-06-27	0.9%	34%	778.8%	View
1.6200	0.000	1.2100	140.9m	4.0m	3	2019-01-31	30 Apr, 2019	2019-03-28	1.3%	42.4%	230.8%	View
1.1400	0.000	1.1900	143.3m	2.8m	2	2018-10-31	30 Apr, 2019	2018-12-11	1.0%	6%	69.4%	View
1.0700	0.000	1.1900	135.7m	2.7m	1	2018-07-31	30 Apr, 2019	2018-09-28	0.9%	781.1%	25.8%	View
30 Apr, 2018
-0.1600	1.000	1.1800	121.9m	-392.0k	4	2018-04-30	30 Apr, 2018	2018-06-28	-0.1%	132.2%	128.4%	View
0.4900	0.000	1.1800	136.5m	1.2m	3	2018-01-31	30 Apr, 2018	2018-03-29	0.4%	27%	78.5%	View
0.6700	0.000	1.1800	126.9m	1.7m	2	2017-10-31	30 Apr, 2018	2017-12-11	0.6%	53.5%	71.1%	View
1.4500	0.000	1.2000	124.4m	3.6m	1	2017-07-31	30 Apr, 2018	2017-09-29	1.2%	160.3%	29.7%	View
30 Apr, 2017
0.5600	2.500	1.1900	124.5m	1.4m	4	2017-04-30	30 Apr, 2017	2017-06-30	0.5%	75.7%	76.4%	View
2.2900	0.000	1.1800	113.5m	5.7m	3	2017-01-31	30 Apr, 2017	2017-03-30	1.9%	1.7%	8.9%	View
2.3200	0.000	1.1500	118.3m	5.8m	2	2016-10-31	30 Apr, 2017	2016-12-08	2.0%	12.9%	102.9%	View
2.0600	0.000	1.1500	109.7m	5.1m	1	2016-07-31	30 Apr, 2017	2016-09-29	1.8%	12.7%	184%	View
30 Apr, 2016
2.3600	2.000	1.1300	109.2m	5.9m	4	2016-04-30	30 Apr, 2016	2016-06-23	2.1%	12.4%	123.3%	View
2.1000	0.000	1.1100	114.5m	5.2m	3	2016-01-31	30 Apr, 2016	2016-03-25	1.9%	83.1%	160.4%	View
1.1500	0.000	1.0900	113.9m	2.8m	2	2015-10-31	30 Apr, 2016	2015-12-10	1.1%	58%	13.5%	View
0.7300	0.000	1.0900	107.3m	1.8m	1	2015-07-31	30 Apr, 2016	2015-09-29	0.7%	31.3%	65.8%	View
30 Apr, 2015
1.0600	2.000	1.0800	116.8m	2.6m	4	2015-04-30	30 Apr, 2015	2015-06-26	1.0%	31.1%	57.5%	View
0.8100	0.000	1.0700	116.6m	2.0m	3	2015-01-31	30 Apr, 2015	2015-03-27	0.8%	39.1%	59%	-
1.3200	0.000	1.0800	111.1m	3.3m	2	2014-10-31	30 Apr, 2015	2014-12-05	1.2%	37.6%	42.3%	View
2.1200	0.000	1.0600	110.0m	5.3m	1	2014-07-31	30 Apr, 2015	2014-09-23	2.0%	14.6%	0.9%	View
30 Apr, 2014
2.4900	2.000	1.0400	106.7m	6.2m	4	2014-04-30	30 Apr, 2014	2014-06-26	2.4%	26.6%	2.4%	View
1.9600	0.000	1.0200	96.6m	4.9m	3	2014-01-31	30 Apr, 2014	2014-03-21	1.9%	14.4%	0.2%	View
2.2900	0.000	1.0100	106.0m	5.7m	2	2013-10-31	30 Apr, 2014	2013-12-11	2.3%	7.1%	79.7%	View
2.1400	0.000	0.9900	107.1m	5.3m	1	2013-07-31	30 Apr, 2014	2013-09-27	2.2%	11.8%	84.1%	View
30 Apr, 2013
2.4300	0.000	0.9700	97.5m	6.0m	4	2013-04-30	30 Apr, 2013	2013-06-27	2.5%	22.9%	1076.2%	View
1.9600	0.000	0.9400	99.3m	4.9m	3	2013-01-31	30 Apr, 2013	2013-03-29	2.1%	57.1%	140.1%	View
1.2800	0.000	0.9400	95.2m	3.1m	2	2012-10-31	30 Apr, 2013	2012-12-19	1.4%	0.4%	39.4%	View
1.1600	0.000	0.9300	98.7m	3.1m	1	2012-07-31	30 Apr, 2013	2012-09-25	1.2%	311.1%	32.4%	View
30 Apr, 2012
0.3000	1.750	0.8600	94.9m	757.0k	4	2012-04-30	30 Apr, 2012	2012-06-27	0.3%	64.5%	52.1%	View
0.8600	0.000	0.8500	82.1m	2.1m	3	2012-01-31	30 Apr, 2012	2012-03-28	1.0%	4.2%	21.9%	View
0.9000	0.000	0.8600	92.4m	2.2m	2	2011-10-31	30 Apr, 2012	2011-12-20	1.0%	41.5%	1.4%	View
1.5300	0.000	0.8500	96.6m	3.8m	1	2011-07-31	30 Apr, 2012	2011-09-29	1.8%	161%	69.1%	View
30 Apr, 2011
0.5900	1.750	0.8300	88.1m	1.5m	4	2011-04-30	30 Apr, 2011	2011-06-30	0.7%	46.6%	1135.6%	View
1.1000	0.000	0.8300	84.0m	2.7m	3	2011-01-31	30 Apr, 2011	2011-03-24	1.3%	24.3%	21.2%	View
0.8800	0.000	0.8300	85.4m	2.2m	2	2010-10-31	30 Apr, 2011	2010-12-16	1.1%	2.5%	54.7%	View
0.9100	0.000	0.8300	97.7m	2.3m	1	2010-07-31	30 Apr, 2011	2010-09-30	1.1%	1618.3%	57.8%	View
30 Apr, 2010
0.0500	0.000	0.8200	95.0m	131.0k	4	2010-04-30	30 Apr, 2010	2010-06-30	0.1%	94.2%	96.1%	View
0.9100	0.000	0.8000	92.9m	2.3m	3	2010-01-31	30 Apr, 2010	2010-03-30	1.1%	53.5%	203%	View
1.9500	0.000	0.7900	80.5m	4.8m	2	2009-10-31	30 Apr, 2010	2009-12-21	2.5%	9.1%	85.4%	View
2.1500	0.000	0.7800	78.6m	5.3m	1	2009-07-31	30 Apr, 2010	2009-09-29	2.8%	59.3%	33.8%	View
30 Apr, 2009
1.3500	1.750	0.7600	77.7m	3.3m	4	2009-04-30	30 Apr, 2009	2009-06-30	1.8%	253.2%	40.5%	View
-0.8800	0.000	0.7500	71.4m	-2.2m	3	2009-01-31	30 Apr, 2009	2009-03-30	-1.2%	183.6%	138.8%	View
1.0500	0.000	0.7600	99.5m	2.6m	2	2008-10-31	30 Apr, 2009	2008-12-15	1.4%	34.4%	50.2%	View
1.6100	0.000	0.7600	106.3m	4.0m	1	2008-07-31	30 Apr, 2009	2008-09-29	2.1%	30.5%	6.2%	View
30 Apr, 2008
2.3100	1.750	0.7500	96.0m	5.7m	4	2008-04-30	30 Apr, 2008	2008-07-01	3.1%	1.8%	239.3%	View
2.2700	0.000	0.7200	86.2m	5.6m	3	2008-01-31	30 Apr, 2008	2008-03-28	3.2%	7.2%	57.4%	View
2.1200	0.000	0.7000	84.7m	5.3m	2	2007-10-31	30 Apr, 2008	2007-12-17	3.0%	40%	30.2%	View
1.5100	0.000	0.7000	87.6m	3.8m	1	2007-07-31	30 Apr, 2008	2007-09-25	2.2%	108%	13.8%	View
30 Apr, 2007
0.7300	1.750	0.6800	77.7m	1.8m	4	2007-04-30	30 Apr, 2007	2007-06-29	1.1%	49.6%	57.5%	View
2.8800	0.000	1.3500	87.0m	3.6m	3	2007-01-31	30 Apr, 2007	2007-03-30	2.1%	11.3%	3%	View
3.2500	0.000	1.3300	69.4m	4.0m	2	2006-10-31	30 Apr, 2007	2006-12-12	2.4%	7.3%	18.6%	View
3.5000	0.000	1.3300	81.7m	4.4m	1	2006-07-31	30 Apr, 2007	2006-09-29	2.6%	2.7%	26.3%	View
30 Apr, 2006
3.4100	3.500	1.2900	77.2m	4.2m	4	2006-04-30	30 Apr, 2006	2006-06-29	2.6%	14.8%	31.2%	View
2.9700	0.000	1.2600	58.9m	3.7m	3	2006-01-31	30 Apr, 2006	2006-03-30	2.4%	8.4%	5.6%	View
2.7400	0.000	1.2300	60.0m	3.4m	2	2005-10-31	30 Apr, 2006	2005-12-28	2.2%	1.2%	21.8%	View
2.7700	0.000	1.2400	58.6m	3.4m	1	2005-07-31	30 Apr, 2006	2005-09-12	2.2%	5.9%	15%	View
30 Apr, 2005
2.6200	0.000	1.2100	56.3m	3.3m	4	2005-04-30	30 Apr, 2005	2005-06-30	2.2%	16.8%	17.7%	View
3.1500	0.000	1.1700	50.5m	3.9m	3	2005-01-31	30 Apr, 2005	2005-03-29	2.7%	10.1%	66.4%	View
3.5100	0.000	1.1400	54.9m	4.4m	2	2004-10-31	30 Apr, 2005	2004-12-23	3.1%	7.3%	10.4%	View
5.7200	0.000	1.9800	50.9m	4.1m	1	2004-07-31	30 Apr, 2005	2004-09-28	2.9%	2.2%	15.2%	View
30 Apr, 2004
5.6700	2.850	1.9100	56.2m	4.0m	4	2004-04-30	30 Apr, 2004	2004-06-29	3.0%	68.6%	113.8%	View
3.4600	0.000	1.8900	44.5m	2.4m	3	2004-01-31	30 Apr, 2004	2004-03-26	1.8%	40.3%	34.1%	View
5.8900	0.000	1.9100	52.9m	3.9m	2	2003-10-31	30 Apr, 2004	2003-12-12	3.1%	12%	6.7%	View
5.3200	0.000	1.8600	48.8m	3.5m	1	2003-07-31	30 Apr, 2004	2003-09-16	2.9%	38.6%	10.7%	View
30 Apr, 2003
3.8500	3.810	1.9600	44.4m	2.5m	4	2003-04-30	30 Apr, 2003	2003-06-27	2.0%	28.9%	54.7%	View
5.4100	0.000	1.9200	37.1m	3.6m	3	2003-01-31	30 Apr, 2003	2003-03-28	2.8%	3.4%	15.3%	View
5.6000	5.520	1.8700	40.1m	3.7m	2	2002-10-31	30 Apr, 2003	2002-12-30	3.0%	0%	9.5%	View

Financial Year	Revenue ('000)	Net ('000)	EPS	DP%	Net %	Report
30 Apr, 2024	955,521	29,263	6.7300	0.37	24.6%	View
30 Apr, 2023	777,777	38,814	8.9300	0.28	6.9%	View
30 Apr, 2022	686,616	41,701	9.5900	0.26	0.2%	View
30 Apr, 2021	527,197	41,799	16.8300	0.15	980.1%	View
30 Apr, 2020	458,185	3,870	1.5700	0.64	68.3%	View
30 Apr, 2019	532,876	12,194	4.9000	0.31	100.1%	View
30 Apr, 2018	509,790	6,095	2.4500	0.41	66.1%	View
30 Apr, 2017	465,977	17,955	7.2300	0.35	14.2%	View
30 Apr, 2016	444,824	15,722	6.3400	0.32	19.2%	View
30 Apr, 2015	454,461	13,189	5.3100	0.38	40.3%	View
30 Apr, 2014	416,358	22,080	8.8800	0.23	28.5%	View
30 Apr, 2013	390,742	17,179	6.8300	-	92.6%	View
30 Apr, 2012	366,009	8,919	3.5900	0.49	3.3%	View
30 Apr, 2011	355,304	8,633	3.4800	0.5	31.3%	View
30 Apr, 2010	346,991	12,567	5.0600	-	61.8%	View
30 Apr, 2009	354,847	7,767	3.1300	0.56	61.9%	View
30 Apr, 2008	354,468	20,384	8.2100	0.21	48.0%	View
30 Apr, 2007	315,817	13,777	10.3600	0.17	6.8%	View
30 Apr, 2006	254,769	14,783	11.8900	0.29	5.1%	View
30 Apr, 2005	212,696	15,576	15.0000	-	13.0%	View
30 Apr, 2004	202,369	13,781	20.3400	0.14	40.6%	View
30 Apr, 2003	121,686	9,804	14.8600	0.63		View

Announced	Financial Year	Subject	EX Date	Payment Date	Amount	Indicator
30 Apr, 2024
26 Aug 2024	30 Apr 2024	First and Final Dividend	27 Sep 2024	16 Oct 2024	0.0250	Currency	View
30 Apr, 2023
28 Aug 2023	30 Apr 2023	First and Final Dividend	02 Oct 2023	18 Oct 2023	0.0250	Currency	View
30 Apr, 2022
26 Aug 2022	30 Apr 2022	First and Final Dividend	03 Oct 2022	18 Oct 2022	0.0250	Currency	View
30 Apr, 2021
28 Sep 2021	30 Apr 2021	First and Final Dividend	01 Nov 2021	16 Nov 2021	0.0250	Currency	View
30 Apr, 2020
27 Aug 2020	30 Apr 2020	First and Final Dividend	01 Oct 2020	16 Oct 2020	0.0100	Currency	View
30 Apr, 2019
29 Aug 2019	30 Apr 2019	First and Final Dividend	02 Oct 2019	18 Oct 2019	0.0150	Currency	View
30 Apr, 2018
29 Aug 2018	30 Apr 2018	First and Final Dividend	02 Oct 2018	19 Oct 2018	0.0100	Currency	View
30 Apr, 2017
29 Aug 2017	30 Apr 2017	First and Final Dividend	03 Oct 2017	20 Oct 2017	0.0250	Currency	View
30 Apr, 2016
29 Aug 2016	30 Apr 2016	First and Final Dividend	30 Sep 2016	21 Oct 2016	0.0200	Currency	View
30 Apr, 2015
08 Sep 2015	30 Apr 2015	First and Final Dividend	30 Sep 2015	21 Oct 2015	0.0200	Currency	View
30 Apr, 2014
02 Oct 2014	30 Apr 2014	First and Final Dividend	31 Oct 2014	19 Nov 2014	0.0200	Currency	View
30 Apr, 2013
03 Oct 2013	30 Apr 2013	First and Final Dividend	31 Oct 2013	20 Nov 2013	0.0175	Currency	View
30 Apr, 2012
04 Oct 2012	30 Apr 2012	First and Final Dividend	31 Oct 2012	19 Nov 2012	0.0175	Currency	View
30 Apr, 2011
30 Sep 2011	30 Apr 2011	First and Final Dividend	01 Nov 2011	18 Nov 2011	0.0175	Currency	View
30 Apr, 2010
01 Oct 2010	30 Apr 2010	First and Final Dividend	02 Nov 2010	19 Nov 2010	0.0175	Currency	View
30 Apr, 2009
01 Oct 2009	30 Apr 2009	First and Final Dividend	02 Nov 2009	11 Nov 2009	0.0175	Currency	View
30 Apr, 2008
30 Sep 2008	30 Apr 2008	First and Final Dividend	31 Oct 2008	11 Nov 2008	0.0175	RM	View
30 Apr, 2007
02 Oct 2007	30 Apr 2007	First and Final Dividend	31 Oct 2007	09 Nov 2007	0.0175	RM	View
30 Apr, 2006
03 Oct 2006	30 Apr 2006	First and Final Dividend	31 Oct 2006	10 Nov 2006	3.5000	Percentage	View
30 Apr, 2005
29 Sep 2005	30 Apr 2005	First and Final Dividend	24 Oct 2005	10 Nov 2005	3.5000	Percentage	View
30 Apr, 2004
30 Sep 2004	30 Apr 2004	First and Final Dividend	27 Oct 2004	10 Nov 2004	2.8500	Percentage	View
30 Apr, 2003
03 Oct 2003	30 Apr 2003	First and Final Dividend	30 Oct 2003	17 Nov 2003	5.0000	Percentage	View
30 Apr, 2002
03 Oct 2002	30 Apr 2002	First and Final Dividend	30 Oct 2002	13 Nov 2002	3.0000	Percentage	View
30 Apr, 2001
04 Oct 2001	30 Apr 2001	First and Final Dividend	31 Oct 2001	09 Nov 2001	3.0000	Percentage	View

Announced	EX Date	Subject	Ratio
16 Aug 2021	26 Aug 2021	Bonus Issue	3.0000 : 4.0000	View
03 Apr 2007	26 Apr 2007	Others	2 : 1	View
02 Apr 2007	26 Apr 2007	Others	2 : 1	View
28 Jul 2004	23 Aug 2004	Bonus Issue	3 : 4	View

Name	Price	Change	Volume	Gearing	Premium	Premium %	Maturity

No warrants found.

Announced	Date Change	Type	Shares	Name

No records

Recent News

Trading ideas: IJM, Samaiden, CN Asia, Kuchai, Sapura Energy, Amanah REIT, Hextar Industries, IHH, Poh Huat, LB Aluminium, Northern Solar, Well Chip

KUALA LUMPUR: Here is a recap of announcements that made headlines in Corporate Malaysia.

27 Jun, 2024 07:36am - 2 months ago TheStar
LB Aluminium’s 4Q net profit up 63%, declares 2.5 sen dividend

LB Aluminium Bhd’s (KL:LBALUM) net profit climbed 62.67% to RM9.43 million for its fourth quarter ended April 30, 2024 (4QFY2024), from RM5.8 million a year before, on higher contributions from both the aluminium and property segments.

26 Jun, 2024 23:22pm - 2 months ago TheEdge
廖兄弟制铝末季净利飙62% 派息2.5仙

（吉隆坡26日讯）铝部门和房产收入增多，推动廖兄弟制铝（LBALUM,9326,主板工业产品服务组）截至2024年4月30日第四季净利按年增长62.63％，至943万4000令吉，去年末季为580万1000令吉。全年净利为2926万3000令吉，比去年的3874万9000令吉减少24.48％。第四季营业额录得2亿7357万2000令吉，按年增多48.01％，去年末季为1亿8483万4000令吉。全年营业额录得9亿5552万1000令吉，按年增长22.85％，去年全年为7亿7777万7000令...

26 Jun, 2024 20:33pm - 2 months ago Sinchew
制铝与房产业务齐告捷廖兄弟制铝净利大增63%

（吉隆坡26日讯）得利于制铝与房产业务齐齐录得增长，廖兄弟制铝（LBALUM，9326，主要板工业）2024财年末季净利按年大涨62.6%至943万令吉，并宣布每股派息2.5仙。该公司向马证交所报备，末季营业额按年上扬48%至2亿7357

26 Jun, 2024 19:42pm - 2 months ago Chinapress
末季大赚943万廖兄弟制铝厂派息2.5仙

26 Jun, 2024 19:34pm - 2 months ago Nanyang

Recent Announcements

PART A - CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED RENEWAL OF THE EXISTING SHAREHOLDERS' MANDATE FOR THE COMPANY AND/OR ITS SUBSIDIARIES TO ENTER INTO RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE; AND PART B - STATEMENT TO SHAREHOLDERS IN RELATION TO THE PROPOSED RE

2024-08-27 - 9:45 am
Annual Report & CG Report - 2024

2024-08-27 - 9:44 am
LBALUM - Notice of Book Closure

2024-08-27 - 7:21 am
General Meetings: Notice of Meeting

2024-08-26 - 5:03 pm
First and Final Dividend

2024-08-26 - 5:04 pm

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Jeff Wong

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go go go lbalum

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Jeff Wong

buy on weakness

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Jeff Wong

benefit from aluminium rally

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Jeff Wong

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#惠及多个热门领域的一家公司 #LBALUM

今天要分享的公司叫做 LB ALUMINIUM BHD (LBALUM)，就如公司名字所提到的，LBALUM 很明显是从事与铝相关的业务，详细来讲的话是铝挤压 (Aluminium Extrusions)，也就是将铝加热至塑性状态，然后根据客户的需求，通过高压将其压模成各种形状，以满足各种应用需求。为了补充铝挤压品的美观性，LBALUM 的工厂也具备阳极氧化 ( Anodising) 以及粉末涂料 (Powder Coating) 的服务，而且有一点值得一提的是，LBALUM 的阳极氧化工厂是马来西亚第一，也是唯一采用全自动立式的公司。

LBALUM 在这个领域也已经打滚了整 40 年，经验相当资深，有不少著名建筑LBALUM 都有份供应，像是 W Hotel，KLIA 2, Menara CIMB 等等，而且除了供应给本地之外 (占比 : 65% )，LBALUM 的产品也出口到各个国家，尤其是南美国家 (占比 : 23%)。

当然除了铝挤压， LBALUM 也在 2018 的时候进军房地产开发业务，至今已经推出了多个项目，Platinum OUG Residence，Satu Anggota Satu Rumah 以及 PSV 1 Residences。看到这里有没有觉得很熟悉呢？这些项目都有挂着 Platinum (包括了 PSV 1 ) ，你们的猜想并没有错，而事实上 LBALUM 旗下多家房地产公司都是与著名开发商，Platinium Victory (PV) / Gan Family 共同持有。不过这样的模式对 LBALUM 来说其实也是好的，在更资深的前辈 (PV) 的带领之下，LBALUM 在房地产开发这个领域上肯定会更加有优势，此外跟 PV 建立良好的伙伴关系，相信对铝挤压的订单也会有所帮助。
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#分享这家公司的理由

这家公司之所以会引起我的注意，最主要就是铝价的上涨。根据伦敦交易所 (LME) 的数据显示，铝价自今年一月份录得 $2,159 的低点后，价格也从谷底反弹，一直不断地上涨，最高在 5 月份达到 $2,767.5 ，上涨的原因主要是地缘紧张局势所，能源成本飙升和供应链中断一起推动，尤其是俄罗斯以及中国都分别遭到战争/制裁以及关税的影响 (美国 & 墨西哥)，要知道这两个可是全世界生产最多铝的国家。不过目前的铝价已经滑落到 $2,500 左右，不过与一月份的价格相比，这个价格依然属于高位，简单来讲，随着铝价上涨，我也预计 LBALUM 的产品可以卖到更高价，取得更高的盈利率。

那么或许有人会好奇，LBALUM 的铝挤压业务，在这个领域当中属于偏下游，因此铝价上涨的话，LBALUM 的成本价格应该跟着上涨才对，怎样赚取更高的盈利率呢？其实主要有两个做法，当铝价便宜时，LBALUM 可以补充更多的库存，这样就形成了低买高卖。再来当铝价上涨时，LBALUM 可以相应地提高其铝挤压产品的价格，而产品价格的涨幅甚至有本事高于铝价的涨幅。

这是因为不管国内还是国外对于铝的需求都一直增加，而这种趋势在马来西亚尤为强劲，要知道铝的应用可是非常地广泛，不管是我们住的房屋还是商业大楼，里头很多东西像是窗框，门框，幕墙等等，都离不开铝材的身影，而马来西亚在多个重大建筑项目以及发展计划的推动之下，对于铝的需求只会有增无减。

不要忘记近期许多美国科技巨头，像是 Microsoft 以及 Google 都宣布要在马来西亚大笔投资数据中心，而除了数据中心自身的基础建设需要用铝之外，他们的冷却系统 (冷/热通道) 也都需要用铝，此外近期也崛起的电动汽车，不管是车身还是里头的核心 (电池) 也需要大量的铝，因此在这些因数的支撑下，LBALUM 的产品有着非常强大的议价能力，更不用说 LBALUM 甚至还是马来西亚最大的铝挤压商，每年可以生产的量高达 100,000 吨。
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#总结

在 LBALUM 发布了亮眼的业绩 (Q3FY24) 后，相信许多投资者对于下个季度 (Q4) 的业绩抱着非常大的期望，尤其是这个季度的期间 (2月-四月) 铝价涨了不少，而这个业绩也即将要发布，预计将在 6 月尾这个期间公布，但是业绩真的可以与预期那样地好吗？

不过要注意的是，他们的 Q3 盈利表现之所以那么漂亮，部分原因是房地产业务的贡献，然而房地产市场瞬息万变，房地产业务能否持续为公司带来强劲增长？四个字，有待观察。另外铝价上涨应该是可以提升 LBALUM 的产品价格，但同时这个期间令吉兑美金贬值不少，对于这点 LBALUM 也表示会导致成本上升。

另外还有一点，那就是 LBALUM 的股价在 5 月 31 日触及到 RM 0.61 的高点后，股价下滑了不少，至今已经累积了 13% 的跌幅，难道是业绩炸弹的前兆？那些知道内幕的人趁业绩发布前赶紧离场？或许，但是如果去看伦敦交易所铝价的话，也可以看到这个时候铝价也是下跌，因此也有可能股价的下滑只是被铝价影响罢了，而且整体来说， LBALUM 下个季度的盈利预计不会差，重点是看能不能超过 Q3 罢了，而不是不可能，只是因为 Q3 的亮眼表现把预期拉高了不少，只是担心希望越大，失望越大，万一业绩发布后不如预期，那么股价下跌的风险就也会变得大，不过整体来说依然非常看好 LBALUM 的前景以及基本面，尤其是随着马来西亚多个重大基建项目和 Data Centre 的崛起，铝挤压的需求量相信会非常强劲，而且就算 Q4 的业绩没有那么漂亮的话，我们也可以期待 FY25 的业绩，毕竟这个期间是铝价的高峰。

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