this stock not goreng lah..

i heard net profit close to 100m

so end of Feb TP 20

PMBTechh and PMetal- PMB will be selected into blue chip stock soon

Press Metal Aluminium - Another Record Quarter Incoming

Author: HLInvest | Publish date: Fri, 4 Feb 2022, 9:37 AM

We expect PMETAL’s 4Q21 results to come in at a record high with a net profit of between RM330m (+16% QoQ, +100% YoY) and RM370m (+31% QoQ, +125% YoY). If met, this would bring FY21’s sum to RM1.07-1.11bn, which is more than double vs. a core net profit of RM479m in FY20. We are expecting a further QoQ spike in 1Q22 earnings, due to soaring LME aluminium spot prices. We highlight that aluminium spot prices have breached the USD3,000/MT level. Maintain BUY with an unchanged TP of RM7.25 (25x P/E on FY22F EPS).

A strong 4Q21. PMETAL’s 4Q21 results are tentatively scheduled for release on 25 Feb. We expect core earnings for the quarter to come in at a record high – between RM330m (+16% QoQ, +100% YoY) and RM370m (+31% QoQ, +125% YoY), barring any unforeseen swings in cost structure. This will be driven by the following reasons: (i) higher LME aluminium spot prices, averaging at USD2,760/tonne in 4Q21 (vs. the average of US$1,931/tonne in 4Q20 and US$2,652/tonne in 3Q21); and (ii) full commissioning of the Phase 3 Samalaju project – resulting in increased sales tonnage in 4Q21.

FY21 earnings growth would be more than double YoY. Our 4Q21 core earnings estimate indicates that FY21’s cumulative profits would range from RM1.07bn to RM1.11bn, signalling a 124-132% YoY growth from FY20’s profits of RM479m. This would make up about 97-101% of our FY21F full-year forecast and 98-102% of full year consensus estimates. We expect a strong 4Q as PMETAL would benefit from: (i) the full-commissioning of Phase 3 Samalaju project would start in Oct 2021; (ii) higher LME aluminium spot prices; and (iii) earnings boost from its 25%-owned Phase 1 PT Bintan project.

ESG Framework. We highlight a few of PMETAL’s ESG framework:
1) PMETAL’s smelters are mainly hydro powered.
2) PMETAL has pledged to be carbon neutral by 2050.
3) PMETAL targets a 15% reduction in greenhouse gas (GHG) emissions by 2025.
4) PMETAL targets a 30% reduction in greenhouse gas (GHG) emissions by 2030.
5) PMETAL aims a 10% water withdrawal reduction by 2030.

Forecast. Unchanged. Our earnings forecast is based on an average LME aluminium selling price per tonne of US$2,550, US$3,150 and USD3,250 for FY21-23 respectively. We have imputed these few key hedging assumptions: (i) 65% hedged at US$2,050 for FY21; (ii) 50% hedged at US$2,300 for FY22F; and (iii) 35% hedged at US$2,300 for FY23F. Our alumina cost per tonne assumption remains unchanged at a steady 16% of PMETAL’s aluminium realised base price forecasts in FY21-23.

Monumental future growth prospects. We are projecting PMETAL’s core PATMI to grow massively by 130% and 111% to RM1.1bn and RM2.3bn for FY21-22F respectively. This would represent a CAGR of 121%, which we reckon is a pretty scarce phenomenon for a large-cap company, in our view.

Maintain BUY with TP of RM7.25. Our TP is based on FY22F EPS pegged to a P/E multiple of 25x, which is in line with its 3-year historical mean P/E. We may increase our ascribed P/E multiple for PMETAL as we note that the group deserves a premium in its valuations to reflect: (i) the group’s favourable cost structure as bulk of its energy costs are locked in via 15-25 year power purchase agreement (PPA) with Sarawak Energy Bhd; (ii) the scarcity premium of a growing large-cap, investible aluminium proxy in Malaysia; and (iii) its low carbon footprint as its smelters are hydro powered, making its ESG profile more favourable to investors.

PMBTECH supplying silicon metal to PMETAL

we are waiting the coming QR result to prove it. Heard net profit near 80- 100 RM millions

Cheers, to further mutual successes in the new year!

hope every week up RM1 enough liao

not bad ! today up 16 cents & WA 60 cents

Fri 4 Feb 202203:14:24PM
KLCI:1522.01 (-3.72, -0.24%) red red, PMBTECH ROCKET !!!!

hope close at 16 today

WA up 60 cents today

START FROM TODAY, WE JUST IGNORE THIS OLD LADY(AARON TAN) MESSAGED

START FROM TODAY, WE JUST IGNORE THIS OLD LADY(AARON TAN) MESSAGED

later soon >RM50, also No surprises @ Vaccineyes

No surprises

Uptrending....

tomorrow up another 5%

我們一起加油 !!! Let's work hard together.

Aaron _Tan @ 15.48 now

Ignore it. Walk away jealous person

those unhappy one pls join the other small boat together with Aaron_tan

touched RM15 wow wow

because PMBTECH is very good counter

sure break >15

skyhin we hope >10 : 1 haha

this time sure bonus issue or split.- to boost the stock's liquidity.

NOSH: ONLY 218 Million

Next QR | Est. Ann. Date: 31-Dec-2021 | 23-Feb-2022 (Wednesday)

supersinginvestor@ faster accumulating more lots before QR release..you can try WA

coming QR very good, SURE will have either bonus issue or split.

Next resistance at 15.66. Tomorrow may hit RM15.66

PMETAL is the biggest customer of PMBTECH

PMBTECH & PMETAL 2022 Heng ah! Ong ah! Huat ah!’

PMBTECH 2022 Heng ah! Ong ah! Huat ah!’

right !!!!

For me only hold PMBTECH - Fundamental

Silicon metal is an industrial additive produced by smelting quartz and coke in an electric heating furnace. ... This is then further refined through a hydro-metallurgical process to produce chemical-grade silicon. Chemical-grade silicon metal is majorly used in the production of silicones and silanes - very hard to produce vs Automation _Genetec- easy to produce

PMBTECH sure MUCH MUCH BETTER than genetec lah, differ enormously

this QR only for two factories

advise all of you waiting the coming QR release first & then comment.
i can tell you now theQR result is very good. QoQ improve 4-5 times

wow up 48 cents now

Huat Ah Huat Ah Huat Ah Huat Ah Huat Ah 2022

A Recovering Economy Prompts an Uptick in Silicon Demand
Published: Jan. 6, 2022 at 9:00 a.m. ET

https://www.marketwatch.com/press-release/a-recovering-economy-prompts-an-uptick-in-silicon-demand-2022-01-06

Industrial Processes Ramp Up Demand for Silicon

FinancialBuzz.com News Commentary

News provided by
FinancialBuzz.com

Jan 12, 2022, 09:00 ET


https://www.prnewswire.com/news-releases/industrial-processes-ramp-up-demand-for-silicon-301459449.html

waiting split share & bonus issue soon

I can't wait too see the coming QR

tomorrow may break 15

Processors. Expect the semiconductor shortage to last until early 2023, Deloitte said in a new report released Wednesday. By the end of 2022, customers will still be waiting 10 to 20 weeks for multiple kinds of chips, the consulting firm predicts.Nov 30, 2021

The shortage of the silicon metal supply in H1 2022 will depend on the power supply in the dry season in south-west China and the downstream production capacity. The downstream production expands rapidly amid the stagnated low supply, and the the shortage will intensify in 2022.