if global economy crisis comes, must sell everything, else just buy more on dip and sell above 0.70. no need time frame. just wait for Target Price to sell.
LB Aluminium may climb after getting back above the 50-day MAV line. A position can be initiated if it stays above MYR0.60 today, with a close below MYR0.59 as a stop-loss. The price target is MYR0.70, if the resistance expected at MYR0.65 is broken. Failure to stay above MYR0.60 may see the stock trading lower, while strong support is at MYR0.55. http://klse.i3investor.com/blogs/rhb/48194.jsp
Good FA & similar business with Press Metal. Press Metal shares have risen from 2.29 to 2.89 in 8 trading days.
LB Aluminium Berhad has an extensive branch network with sales outlets cum warehouses in the major cities and towns in the Peninsular and East Malaysia and our growing export markets include Sri Lanka, Mauritius, Singapore, United Kingdom, Australia, Hong Kong, New Zealand, Pakistan, Philippines, USA, Thailand, Brunei, Canada, Germany, Japan, South africa, Maldives, Greece, India, Papua New Guinea, France, Vietnam, Netherland, China, Mexico, Belgium, St. Lucia and Indonesia
LB Aluminium - Shares may be undervalue currently trading at 6 times historical earnings while Press Metal & Tong Herr at 11.7 & 13.71 respectively. 1HFY2014 net cumulative profit at RM11.02 million ended Oct 31, 2013 & may match its FY2013 earnings by 3QFY2014. Share price at press time on Feb 19, 2014 RM0.615 - The Edge Weekly Newspaper dd Feb 24, 2014.
Press Metal TP revised from from 3.00 to 4,11 by RHB. LBA grossly undervalue. After almost a decade of capacity curtailment, the moderate growth in demand may finally translate into a supply deficit in the global ex-China market from 2014. http://klse.i3investor.com/servlets/ptres/22393.jsp
Press Metal ungrade again to TP 4.50 by Ame. Press Metal will benefit from a global upturn in aluminium prices and premium. For the first time in 10 years, there will be a global supply shortfall due to capacity cuts and rising demand. At the same time, premiums are at an all-time high due to the lack of physical deliveries (most stocks are held for financial deals). Press Metal share price have jumped 0.99 cts from 2.26 to 3.25. LBA operate in the same business, however LBA market cap is half the size of Press Metal & thus not covered by research co due to the small cap company. http://klse.i3investor.com/blogs/amresearch/50311.jsp
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....
mhchai
589 posts
Posted by mhchai > 2014-01-15 23:18 | Report Abuse
What about 3-6 months ? :D