jonaslim92

jonaslim92 | Joined since 2018-03-19

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2019-07-31 21:05 | Report Abuse

Stochastic 12.9% after today

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2018-04-12 23:40 | Report Abuse

aluminium 3000 soon...sit back and enjoy the ride

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2018-04-02 21:51 | Report Abuse

Paul Koon buy again today

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2018-03-29 00:24 | Report Abuse

When it rebounds all these bad commenters will keep quiet

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2018-03-23 23:43 | Report Abuse

Very strong support at 4.95...buy

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2018-03-20 21:47 | Report Abuse

Again 4.95 huge volume...like last Friday

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2018-03-19 23:11 | Report Abuse

In economics, tariff would reduce supply (not oversupply) from the equilibrium price point and quantity, hence driving prices further up (micro economics 101). Tariff would also reduce imports to the US, which Pmetal has less than 1% exposure to the US, hence the tariff effect on Pmetal is extremely minimal if not insignificant at all.

Pmetal has signed PPA with SEB which enable it to manage its cost effectively. With the acquisition of LUA, they can also increase their margins on value added aluminium products. Overall the company still can maintain its margins (gross and operating) which give long term value to shareholders.

Aluminium price in f2018, f2019 and f2020 is still around 2100 - 2200. Ignoring the market sentiments, the price will hit RM 6 no doubt in the short to mid term. It is just a matter of time...