Posted by Sslee > 2021-08-30 12:26 | Report Abuse

9 Units of Extrusion Machines.

2 x 4” machine 4 x 5” machines 2 x 6” machines with water quenching facility.

1 x 8” machine with water quenching facility. Aging Furnaces (7 units).

1 unit of 6” extrusion machines installed and commissioned on 1-March-2020.

The current capacity is 2086 tons/month

So capacity increse from 2086 to 2500 ton/month will yield you double revenue???

Posted by UlarSawa > 2021-08-31 14:21 | Report Abuse

Harga sudah naik itu Mighty Tikus pun dare not to come back kah. Pasti sudah ran road lah. Correct?

Posted by valuebuy8888 > 2021-09-01 09:17 | Report Abuse

Don't worry about capacity, let Top management worry about this, Top management really good cows, already proven last 3 years record.

Posted by valuebuy8888 > 2021-09-01 09:20 | Report Abuse

warrant at discount, exercise at 0.12

Posted by Batman_Return > 2021-09-01 09:50 | Report Abuse

Go PA. Next meridian will follow

Posted by bulldog > 2021-09-01 16:26 | Report Abuse

Accumulation in progress

Huat chaiii

Posted by bulldog > 2021-09-01 16:26 | Report Abuse

60 in the making

Huat chaiii

Posted by carimakan > 2021-09-02 14:46 | Report Abuse

apasal jatuh tiba2 ni?

Posted by Newbieinshare > 2021-09-02 14:55 | Report Abuse

operasi cuci kaki lemah

Posted by volks2 > 2021-09-02 15:02 | Report Abuse

bahaya.

Posted by Eric963708 > 2021-09-02 15:40 | Report Abuse

very sad those Trap on high price

Posted by whitesheep > 2021-09-02 19:31 | Report Abuse

waves to 80

Posted by Citadel666 > 2021-09-02 19:59 | Report Abuse

more likely to 0.3

Posted by OneSmallStep > 2021-09-03 08:53 | Report Abuse

Be positive....Looking to be back at this counter

Posted by Cojack31 > 2021-09-04 08:08 | Report Abuse

60 cts coming..be patient.

Posted by Eric963708 > 2021-09-06 11:00 | Report Abuse

u wish la, even 50c also hard to break lo

Posted by Cojack31 > 2021-09-06 20:25 | Report Abuse

Wait n c tommorow

Posted by brianklc > 2021-09-07 13:05 | Report Abuse

Tikus in Sg Buloh, can’t reply

Posted by krish52 > 2021-09-07 13:08 | Report Abuse

it looks very steady counter but what puzzled me is that the rapid price fluctuation that occur very often which chase the genuine investors cautious in involving.

Posted by thundery > 2021-09-09 08:52 | Report Abuse

Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.8%
Perpetual Growth Rate 5-Year Average of MY Long-Term Govt Bond Rate 3.6%
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for KLSE:PA
Data Point Calculation/ Source Result
Risk-Free Rate 5-Year Average of MY Long-Term Govt Bond Rate 3.6%
Equity Risk Premium S&P Global 5.9%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = 0.33 + [(0.66 * Unlevered beta) * (1 + (1 - tax rate) (Debt/Market Equity))]
= 0.33 + [(0.66 * 1.064) * (1 + (1 - 24.0%) (1.38%))] 1.05
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm) 1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.62% + (1.05 * 5.88%) 9.79%
Discounted Cash Flow Calculation for KLSE:PA using 2 Stage Free Cash Flow to Equity

The calculations below outline how an intrinsic value for P.A. Resources Berhad is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 10 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

KLSE:PA DCF 1st Stage: Next 10 years cash flow forecast
Levered FCF (MYR, Millions) Source Present Value
Discounted (@ 9.79%)
2022 20.17 Est @ 83.21% 18.37
2023 32.14 Est @ 59.33% 26.66
2024 45.84 Est @ 42.62% 34.63
2025 60.01 Est @ 30.92% 41.3
2026 73.66 Est @ 22.73% 46.16
2027 86.17 Est @ 17% 49.19
2028 97.36 Est @ 12.98% 50.62
2029 107.27 Est @ 10.17% 50.79
2030 116.07 Est @ 8.21% 50.06
2031 124 Est @ 6.83% 48.71
Present value of next 10 years cash flows MYR416
KLSE:PA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value FCF2031 × (1 + g) ÷ (Discount Rate – g)
= MYR124.003 x (1 + 3.62%) ÷ (9.79% - 3.62% ) MYR2,080.89
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
MYR2,081 ÷ (1 + 9.79%)10 MYR817.39
KLSE:PA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= MYR416 + MYR817 MYR1,233.39
Equity Value per Share
(MYR) = Total value / Shares Outstanding
= MYR1,233 / 1,242 MYR0.99
KLSE:PA Discount to Share Price
Calculation Result
Value per share (MYR) From above. MYR0.99
Current discount Discount to share price of MYR0.41
= (MYR0.99 - MYR0.41) / MYR0.99 58.2%

Posted by thundery > 2021-09-09 09:21 | Report Abuse

https://images.simplywall.st/asset/chart/26166687-dcf-1-dark/1631150463276

Posted by luckyman > 2021-09-09 10:14 | Report Abuse

https://www.thestar.com.my/tech/tech-news/2021/09/09/biden-wants-solar-to-provide-45-of-us-energy-by-2050

Posted by Nice149 > 2021-09-30 16:46 | Report Abuse

Investors will gain and not contra players

Posted by Sslee > 2021-10-01 10:10 | Report Abuse

Below report from LB ALUMINIUM BERHAD.
So what you expect for PA next quarter result?

LB ALUMINIUM BERHAD [198501006093 (138535-V)]
Notes To The Financial Statements
For the financial period ended 31 July 2021
B1 Review of performance (continued)
For the quarter under review, the Group reported revenue of RM114.54 million (1Q2021:
RM112.97 million). The increase was due mainly to higher average selling prices for Aluminium
Segment as a result of the rise in raw material costs. However, sales volume decreased due
mainly to disruption in our business operations following the containment measures imposed by
the Malaysian government to curb the spread of Covid-19 pandemic.

The Group reported profit before taxation of RM3.25 million (1Q2021: RM5.82 million). The
decrease was due mainly to lower profit margins as well as reduced sales volume.

Posted by Nice149 > 2021-10-01 10:23 | Report Abuse

PA main revenue will be in solar business

Posted by brianklc > 2021-10-05 13:23 | Report Abuse

Mickey is back after banned, but dare not surface here…

Posted by VICTORYU37007 > 2021-10-06 22:39 | Report Abuse

Limit up

Posted by PATIKAYA > 2021-10-06 22:50 | Report Abuse

Sure

Posted by PATIKAYA > 2021-10-08 17:39 | Report Abuse

Hari2 naik sikit2

Posted by luckyman > 2021-10-08 22:05 | Report Abuse

Uptrend continues?

Posted by keown83 > 2021-10-11 23:34 | Report Abuse

nicely increase..need some time to gain momentum before parabolic hike

Posted by YiStock > 2021-10-14 07:52 | Report Abuse

Today has a chance to jump into PA.

Fundamentally,

(1) Latest quarter report has 2 special items. (A) deferred tax asset of 7.0 mil; (B) one off esos expenses amounted to RM 3.1 mil.
Therefore, latest quarter report has a core earning of RM 14.2 mil - Rm 7 mil + RM 3.1 mil = RM 10.3 mil @ eps 0.83 sens. This is about +43% increase vs immediate preceeding quarter.

(2) Latest quarter report has a gross profit margin of nearly 19.1%, the highest in recent few quarters. The management offer the explaination of better economy of scale.

(3) Recent extension of contract with First Solar USA worth RM 800 mil for 2 years. For information, PA secured contract from Firsr Solar amounted to RM 600 mil for 3 years back in 2018. I done a calculation on past 3 years extrusion revenue, it totalled only about RM 380 mil propably due to initial starting stage that eat away too much lead time. Therefore, the new rm 800 mil "extension" contract may have carry some spill over from previous contract. So, PA now need to rush out RM 800 mil worth of order in next 8 quarters.

(4) By averaging RM 800 mil into 8 quarters evenly, it means approximately RM 100 mil per quarter. By using 19% gross profit margin, the gross profit could be as high as RM 19 mil. I check back PA recent few quarters, the administrative and other fixed cost seem to be stagnant at around RM 2 mil to RM 3 mil quater in quarter out. By simply take this amount, the profit before tax could be as high as RM 16 mil. As for tax part, PA seems to be enjoying zero tax due to accumulated losses over the many many years ago. Another possible reason could be due to special tax treamtnet since PA is in renewable energy sector. I cannot confirm this. While i do not know how much longer such treatment will last, I think is safer to apply 25% tax though before to derive the final profit after tax.

(5) Energy crisis seems to be a hot topic recently in everywhere. I notice share price of many PV companies share listed China n hong kong has surged. But PA seems doing differently.


As for technical indicator,

I think i saw a cup & handle pattern. Hope any great TA sifu can offer better picture on this

Key risk of PA,

(1) Raw material price hike. In the news published recently in media, the management highlighted that raw materials are hedged to ensure price stability. So i guess this part is not a major concern.

(2) Any risk that you and me can and cannot think of.

I hope i bet right.

Thank you

Posted by TraderJoe84 > 2021-10-15 02:13 | Report Abuse

@YiStock any TP?

Posted by Value_Investor_888 > 2021-10-15 09:29 |

Post removed.Why?

Posted by fruitcake > 2021-10-15 10:34 | Report Abuse

correction after erection, baby

Posted by PATIKAYA > 2021-10-16 15:01 | Report Abuse

Bila correction habis.. harder erection coming

Posted by whitesheep > 2021-10-18 10:26 | Report Abuse

buy more now , 60 then 80 then 120

Posted by fruitcake > 2021-10-18 11:32 | Report Abuse

PA....HAHAHAHAHAHAHAHA

Posted by doglover > 2021-10-20 15:29 | Report Abuse

buy in 440 ... tomorrow rebound start

Posted by thundery > 2021-10-21 13:25 | Report Abuse

PA in Distribution stage, don't be fool to buy in

Posted by Kon Lim Chai > 2021-10-23 07:03 | Report Abuse

Conversion of warrants to ord shares noted. Likely another dividend coming soon. Cash balance higher expected to be higher than total liabilities when next QR is released

Posted by PATIKAYA > 2021-10-23 19:14 | Report Abuse

PAPAKAYA

Posted by PATIKAYA > 2021-10-28 17:16 | Report Abuse

44@fcuk2

Posted by Want2MakeMoney > 2021-11-03 14:59 | Report Abuse

Entered today , now I wait, haha

Posted by PATIKAYA > 2021-11-11 06:43 | Report Abuse

Volume thin...time to kaya

Posted by ONTHEWAY > 2021-11-23 23:52 | Report Abuse

On the way

Posted by PATIKAYA > 2021-11-25 18:53 | Report Abuse

Hari2 dia collect..

Posted by Putrajaya666 > 2021-11-26 14:52 | Report Abuse

left pa for so long, came back and check the price still like old times...... chart wise, much more excited, breakout below ma50 and ma200 spt..... awesome future ahead

Posted by PATIKAYA > 2021-11-27 11:12 | Report Abuse

Tunggu below 30cents

Posted by PATIKAYA > 2021-12-03 09:45 | Report Abuse

Coming soon..sapu zone