Posted by Agjl > 2 weeks ago | Report Abuse

Ringgit strengthen thats why drop

Posted by hw0706 > 2 weeks ago | Report Abuse

press metal kilang explore

Posted by hhhiii123 > 2 weeks ago | Report Abuse

Good chance to collect when sharp drop lol

Posted by OldWiseMan100 > 2 weeks ago | Report Abuse

kaboom kaboom
why their factory always explode one? not the first time... it is a common thing in the industry?

https://www.facebook.com/jonmelc/posts/pfbid02nqpEWLMcZi1JZF43phHh6JvnDdAGNZbEXtPtnZWPtjkoKRdyhhGRLyi4KMsPKNool

Posted by ggleow > 2 weeks ago | Report Abuse

so serious the fire.
like this sure limit down

Posted by pang72 > 2 weeks ago | Report Abuse

No wonder drop so much..
Hopefully, everything in order

Posted by ggleow > 2 weeks ago | Report Abuse

can drop for another 50 sen tomorrow.

Posted by Babayaga > 2 weeks ago | Report Abuse

looking like the whole factory is done .... complete write off

Posted by hw0706 > 2 weeks ago | Report Abuse

look like not an easy task. recently the same nearby area also have explosion...

Posted by pang72 > 2 weeks ago | Report Abuse

https://theedgemalaysia.com/node/726164
3% annual capacity affect.
4 months to recover..

Posted by pang72 > 2 weeks ago | Report Abuse

The factory still there la..
Scary

Posted by hhhiii123 > 2 weeks ago | Report Abuse

Got insurance, hopefully strong rebound in alumni price

Posted by juon > 2 weeks ago | Report Abuse

Tomorrow kena liao, next target kena short

Posted by Tenka226 > 2 weeks ago | Report Abuse

Collect before it crosses RM5 again 😉

Posted by Fabien _the efficient capital allocator > 2 weeks ago | Report Abuse

I always hunt for smell of blood on the street, thankfully collected at 4.40.

Posted by SMInvest > 1 week ago | Report Abuse

PMB Technology to increase production

The Star Monday, 16 Sep 2024
https://www.thestar.com.my/business/business-news/2024/09/16/pmb-technology-to-increase-production

Posted by Tenka226 > 1 week ago | Report Abuse

Good for you, Fabien, bought at the bottom price

Posted by Fabien _the efficient capital allocator > 4 days ago | Report Abuse

FCF grew 199% over last 5 years. Last year were record high FCF of more than RM2mil. Anticipate PMetal to turn net cash in two years time with growing FCF in coming years as high capex cycle already over.

Posted by rl68 > 4 days ago | Report Abuse

@Fabian, when will the power purchase agreement end?

Posted by Fabien _the efficient capital allocator > 2 days ago | Report Abuse

PPA contracts ending between 2034 and 2040

Posted by Fabien _the efficient capital allocator > 2 days ago | Report Abuse

China massive stimulus (monetary + fiscal) will boost industrial demand. Hold on to your PMetal

Posted by rl68 > 2 days ago | Report Abuse

@Fabian, tq. All the best.

Posted by Fabien _the efficient capital allocator > 2 days ago | Report Abuse

Rio Tinto, second world largest mining company is seeking to improve its profit margin and return on capital by switching to lower cost renewable power.

Press metal already has favourable cost structure to protect its margins. With their latest acquisition in PT Kalimantan Alumina Nusantara, PMetal has effectively locked in 75% of its alumina requirement, ensuring a stable supply of raw materials, and potentially logistics savings.

Aluminum futures already rose past $2,560 per tonne in late September, its highest in over three months, and tracking the strong momentum for other base metals as fresh economic stimulus from China supported the demand outlook for key industrial metals.