Aluminium billet and tolling Total internal and external sales was higher at RM40.0m compared to RM36.8m previously. Operating profits was significantly higher at RM1.3m compared to RM0.9m, an increase of 50%. This is mainly due to continuity in cost control measures implemented in the plant.
Haha, Kasian, cost controlled sampai tak ada naik gaji dan tak kasi year-end bonus kah?
Haha someone do not know what is: Aluminium extraction: Aluminium ore is called bauxite . The bauxite is purified to produce aluminium oxide, a white powder from which aluminium can be extracted. The extraction is done by electrolysis
Billet casting: To produce these aluminum billets, the process is: melting → casting → billet sawing → aluminum billet
Extrusion: Aluminum extrusion is a process by which aluminum alloy material is forced through a die with a specific cross-sectional profile. A powerful ram pushes the aluminum through the die and it emerges from the die opening. When it does, it comes out in the same shape as the die, this process is able to create an unlimited number of complex shapes
Fabrication. After extrusion fabrication are used to creat aluminium frames.
https://www.pressmetal.com/products/primary-extrusion-products.php Primary Products Fully Integrated Operation From upstream smelting activities to downstream extruding operations, Press Metal is a fully integrated producer of aluminium products. With three smelting plants in Malaysia alone, we have an annual capacity of 760,000 tonnes of primary aluminium production. Our PMB-branded aluminium ingots produced by our Samalaju smelter are listed on the London Metal Exchange as a high-grade primary aluminium product.
Only Pressmetal will benefit from high price of aluminium because only Pmetal have upstream smelting/aluminum extraction activities.
PA and LB need to buy the aluminium ingots to do aluminium alloy biillets, extrusion and fribrication
Established in 1985, LB Aluminium Group headquartered in Malaysia, has grown to be one of the largest aluminium extrusion manufacturers in Asia. We specialise in delivering world-class aluminium products catering for various industries and needs. Backed by key principles of constant innovation, uncompromising quality control, prompt service and eco-sustainability, we have forged a solid reputation as one of the field’s top experts in the manufacturing, marketing and trading of aluminium extrusions and their relevant products. Public listed since 1994, today the company stands proud as Malaysia’s largest supplier of aluminium extrusions and a renowned manufacturer in the South East Asia market, with exports to Europe, North America, Oceania region and Asia. True to our status as an industry leader, we have achieved various quality achievements to quality certificates such as the ISO9001:2015, MS2289:2010, UKAS Accreditation, CIDB Certificate and ABS (American Bureau of Shipping) Certificate.
FA Comparison: P.A. RESOURCES BHD Vs LB ALUMINIUM BHD
P.A. RESOURCES BHD Q1 end 30-Sept-2020 Revenue: RM 62,761,000 Profit before taxation: RM 3,405,000 Taxation: 0 NP Owner of the Company: RM 3,405,000 Weighted average number of ordinary shares in issue: 2,204,785,000 EPS: 0.15 sen NTA: 6.13 sen
Q2 end 31-Dec-2020 Revenue: RM 73,370,000 Profit before taxation: RM 6,562,000 % Profit before taxation: 8.94% Taxation: 0 NP Owner of the Company: RM 6,562,000 NP%: 8.94% Weighted average number of ordinary shares in issue: 1,123,264,000 EPS: 0.58 sen NTA: 13.11 sen
LB ALUMINIUM BHD Q1 end 30-July-2020 Revenue: RM 112,965,000 Profit before taxation: RM 5,818,000 Taxation: (RM 1,475,000) NP Owner of the Company: RM 4,324,000 Weighted average number of ordinary shares in issue: 248,486,000 EPS: 1.74 sen NTA: RM 1.20
Q2 end 31-Oct-2020 Revenue: RM 125,092,000 Profit before taxation: RM 12,134,000 Profit before taxation %: 9.69% Taxation: (RM 2,827,000) NP Owner of the Company: RM 9,333,000 NP %: 7.46% Weighted average number of ordinary shares in issue: 248,486,000 EPS: 3.76 sen NTA: RM 1.23
PA no needs to pay tax? Why?
Bottom line: PA latest quarter: Profit before taxation margin: 8.94% EPS: 0.58 sen NTA: 13.11 sen
LB latest quarter: Profit before taxation margin: 9.69% EPS: 3.76 sen NTA: RM 1.23
Which one better? If LB price 72 cents: PA should be 72 X 0.58/3.76 = 11 cents
Mike is right. PA financial year end 2020 EPS: 0.73 cents LB financial year end 2020 EPS: 5.50 cents. So LB price 72 cents. PA should be 72×0.73/5.5= 9.5 cents.
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....
Sslee
6,860 posts
Posted by Sslee > 2021-03-15 15:02 | Report Abuse
Aluminium billet and tolling
Total internal and external sales was higher at RM40.0m compared to RM36.8m previously. Operating profits was significantly higher at RM1.3m compared to RM0.9m, an increase of 50%. This is mainly due to continuity in cost control measures implemented in the plant.
Haha,
Kasian, cost controlled sampai tak ada naik gaji dan tak kasi year-end bonus kah?