Be careful LBA is a manufacturer not a aluminum producer. Higher aluminum price means higher costs not necessary higher profit. Press metal is a smelter.
press metal is 90% smelting and 10% extruder, lba is 100% extruder, go for ARANK tomorrow , another smelter, to capture the upside from aluminium rise..LBA will game over tomorrow don't chase high
I knew the chairman since 19 years ago when I was 20. Datuk Vincent Leow Chong Howa is a very low profile and successful entrepreneur in Malaysia. That time LB was not even listed yet in second board. His leadership brought where LB today.
Incorporated in 1985, LB Aluminium Berhad is today the largest supplier of aluminium extrusion in Malaysia and one of the largest aluminium extrusion manufacturers in South-East Asia.
LB Aluminium Berhad is listed on the Main Board of the Bursa Malaysia Securities Berhad and has been a public listed company since 1994. The Company’s shareholders funds as at 30 April 2012 stood at RM 227.8 million with total number of shareholders exceeding 4,200. The Company’s turnover for 2012 was RM 365.1 million. The Company’s production facilities are located on a 30-acre site in Beranang in the state of Selangor, within a mere thirty (30) minute drive from the Kuala Lumpur International Airport (KLIA). Our integrated production facilities include twelve extrusion presses with annual production capacity of 90,000 metric tonnes. To complement the aesthetics finishing of the extrusion products, we have installed the first and only fully automated vertical anodizing plant in Malaysia with a monthly capacity of up to 1,400 metric tonnes, a fully integrated powder coating line as well as a fluorocarbon painting line. In addition to the above facilities, we also have computerized die-mould manufacturing and design machining center, cad-cam aluminium profiles precision drawings and designs and a test-rig facility.
A new horizontal anodising line was completed during the year in Beranang with monthly capacity of 1,000 metric tonnes and together with an anodising line of 600 metric tonnes monthly capacity in our Kuching factory, our current total anodising capacity annually is 36,000 metric tonnes.
We also pride ourselves in the quality of our products with various quality achievements like the ISO 9001 certification since 1994, UKAS Accreditation and ABS (American Bureau of Shipping) Certificate.
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.
kewyy,i never said can go to TP1.00..I said a site give TP 0.96, NTA is 1.02. TP is for reference. like Joel said, potential to reach 0.9...but remember time frame is something we don't know..it maybe next 2 days or end of the year. But what important is when everyone is focus on aluminium counter..we small fish follow the wave go up. if all counter go down, we need to sell fast too..don't even think about the TP. unless you plan for long term.
this company is not pure aluminium play, somebody said is right, ARANK and PMETAL are smelters, LBA is just an extruder, should not be much correlated to the movement of alluminium prices
Recently China aluminum producer planned to cut 2mils tonnes output each month in Q2 2014 due to low aluminum price to minimize the losses. This could be the reason caused the price up for temporary. Aluminum price up now do not mean Pmetal and LB make huge profits, could be lead to reduce the losses. If you check the warehouse inventory chart, the stock still not touching the bottom. The aluminum price may continue to drop further and cause the main players in the market to enlarge the losses. Also, London Metal Exchange (LME) stock level was only 3.3mil tonnes on 2009 and 2014 was over 5.5mil tonnes. It look like the stock was over bought and looking for buyers to reduce the stock level. Happy trading :)
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....
zhao
874 posts
Posted by zhao > 2014-04-17 16:55 | Report Abuse
0.75 :)