Bintulu Silicone Plant is the next growth mammoth for PMB, the technology is great, the electricity to run it @ Samalaju is dirt cheap , the raw materials @ abundance & lastly the logistic to support the business is seamless... FA is fantastic, TA is also lingering at 3 Tops... Once break 3.47... the heaven is limitless
Now is the time to collect before this Pmb Tech forum is noisy . Be brave when others are fear . If Pmetal can make it no reason for Pmb Tech can't make it . Remember , Pmetal and Pmb Tech company are belongs to the same taukeh . Terima kasih banyak banyak .
@Jerry Tze Ming , as long as you can hold for it either Pmb Tech or Pmetal is no problem for you . We must always trust the management especially Tan Sri Dato Paul Koon , the CEO of Pmetal . Terima Kasih banyak banyak .
New metallic silicon plant start running and doing business and i believe will bring more positive results in the near term for Pmb Tech . My target price is above Rm 4.00 .
moving soon... full production of Factory will give price a boost... private placement 30% direct go to Major shareholder.. pump in more than 150M own money...
Pmb Tech 4 Qtr 2019 profit 17,304 million . Declare special dividend 1.5 sen ( single tier ) per share for the financial year ended 31 December 2019 . Thank you very much to the management of Pmb Tech . New metallic silicon plant bring more profit for the company . Boleh tetap boleh .
hero666 qr fantastic, but price not moves much. I checked past 3 months also like this, scary death pond counter. Any1 can enlighten me why this counter like this ?/?? 25/02/2020 4:06 PM
PMB gets boost from metallic silicon business. PMB Technology has funded the plant mainly from the proceeds of about RM212.3mil from a rights issue (for phase one) and private placement II, which netted about RM100.5mil (phase two).
To focus its resources in “metallic silicon business “ as part of the company’s growth strategy to expand its revenue stream, Koon noted that PMB Technology had exited from the trading of aluminium extrusion business in Peninsular Malaysia and Sabah via the disposal of four companies in December last year.The four companies, namely PMB Central Sdn Bhd, PMB Northern Sdn Bhd, PMB Eastern Sdn Bhd and PMB Aluminium Sabah Sdn Bhd, were sold to PMB (Klang) Sdn Bhd for about RM44.4mil in cash.
The appeal of silicon is apparent as more and more products capitalise on its near boundless possibilities.
PMB Technology Bhd, recognising the potential, jumped into the “metallic silicon business “ last year in an attempt to diversify its business but more so to get a foothold in more value-added segments and products.
The construction of its second-phase manufacturing facility in the Samalaju Industrial Park in Bintulu, Sarawak was on track to be completed by end-2019 but it will only be commissioned in February or March.
Having spent RM300 million on the expansion, PMB Technology projects its production capacity of metallic silicon to double to 72,000 tonnes per year. Together with the completion of the second phase, the group’s total combined built-up area dedicated to its metallic silicon business will be nearly doubled to 1.245 million sq ft from 630,000 sq ft.
PMB Technology is producing about 33,000 tonnes of metallic silicon annually, and is targeting 45,000 tonnes this year, rising to the full capacity of 72,000 tonnes by 2021. “If things all go well ... with 45,000 tonnes of output, our revenue will be hitting about US$80 million to US$90 million and by 2021 will be seeing some US$140 million,” said an optimistic Koon.
He sees annual silicon demand growth normalising to about 5%. “We saw a dip [in silicon demand] because of the trade war, but by next (this) year, we expect the impact from the trade war to taper off,” said Koon, who is hoping to maintain a minimum 5% profit margin for the metallic silicon business amid market volatility.
For the cumulative nine months of FY19, PMB Technology’s profit margin for the total business was about 3%.
(+1.7%) MEMORANDUM OF UNDERSTANDING PMB TECHNOLOGY BERHAD ("PMBT" OR "THE COMPANY") MEMORANDUM OF UNDERSTANDING BETWEEN PMBT AND PERBADANAN PEMBANGUNAN EKONOMI SARAWAK PMB TECHNOLOGY BERHAD
Type Announcement Subject MEMORANDUM OF UNDERSTANDING Description PMB TECHNOLOGY BERHAD ("PMBT" OR "THE COMPANY") MEMORANDUM OF UNDERSTANDING BETWEEN PMBT AND PERBADANAN PEMBANGUNAN EKONOMI SARAWAK The Board of Directors of PMBT is pleased to announce that the Company has on 26 November 2020, entered into a memorandum of understanding (“MOU”) with Perbadanan Pembangunan Ekonomi Sawarak (otherwise known as Sarawak Economic Development Corporation) (“SEDC”) to explore the potential collaboration for the development and operation of an integrated siloxane plant in Tanjung Kidurong, Bintulu, Sarawak.
Please refer to the attachment in relation to the MOU for further details.
- MEMORANDUM OF UNDERSTANDING BETWEEN PMBT AND PERBADANAN PEMBANGUNAN EKONOMI SARAWAK
1. Introduction
The Board of Directors of PMBT is pleased to announce that the Company has on 26 November 2020, entered into a memorandum of understanding (“MOU”) with Perbadanan Pembangunan Ekonomi Sawarak (otherwise known as Sarawak Economic Development Corporation) (“SEDC”) to explore the potential collaboration for the development and operation of an integrated siloxane plant in Tanjung Kidurong, Bintulu, Sarawak.
2. Details of the MOU
2.1 The main objectives of the MOU are as follows:-
a) To promote the commercial, industrial and socio-economic development of Sarawak through the prospective development and operation of an integrated siloxane plant in Tanjung Kidurong, Bintulu, Sarawak (“the Project”) which shall be located immediately adjacent to the Methanol Plant (“the Proposed Site”);
b) To explore the prospective of securing a long-term but at arms’ length supply of the two (2) key raw materials required for the Project, which are methanol and silicon metal from 1Sarawak Petchem Sdn. Bhd. [Registration No. 201701020117 (1234282X)] (“SPSB”) and 2PMB Silicon Sdn. Bhd. [Registration No. 201601011055 (1181986-X) (“PMBS”)] respectively, which in turns help retain jobs for the local market;
c) To identify and work with other suitable partners/shareholders for the Project;
d) To manufacture siloxane locally to create jobs for the local market and to develop local technical skills and talents; and
e) To supply siloxane to both the local and international markets so as to raise the standing of Sarawak, Malaysia.
Notes:-
1 SPSB has been granted an approval by the Sarawak Government to set up a methanol complex on Lot 3396 Block 2
20 Kemena Land District, Kidurong/Similajau Road, Bintu
This time PmbTech should untung kaw kaw . Next quarterly results should be absolutely fantastic . Very fast my target price around Rm 4.50 - Rm 5.00 will be coming soon . Bro Pmetal alrdy hit Rm7.00 . No reason for PmbTech can't reach my target price . Thanks a lot for both of this Pmetal and PmbTech companies .
PmbTech total production capacity of 72,000 metrics tonnes by end of financial year 2020 and producing high Grade Silicon Metal . Silicon metal grade : 553, 441, 421, 3303 and 2202 . i believe next quarterly results should be absolutely fantastic . Trust the management . Company yang boleh tetap boleh .
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
johnny cash
6,400 posts
Posted by johnny cash > 2018-09-25 11:47 | Report Abuse
Strong counter