ALCOM didn't make any profit from its latest quarterly result from Aluminium business. Actual profit from property. But, people just look at the EPS only. Anyway, Part of the Alcom revenue come from Aluminium business. Alcom might obtain profit in next quarterly financial result from Aluminium.
LBALUM got a lot of inventory. As aluminium increase, selling price also increase. Also, LBALUM is the largest ALUMINIUM extrusion company in Malaysia, already ordered raw aluminium at least few months ago esp customers booking order(PO) are made.
This same as steel companies. Make fantastic profit during steel price increases significantly.
ALCOM didn't make any profit from its latest quarterly result from Aluminium business. Actual profit from property. Moreover, Alcom only made profit one time only in one year in its latest quarterly result. LBALUM made profits in its latest 3 quarterly financial result and the profits increases consecutively purely from Aluminium business as such: LBALUM: Revenue was consistently growing up in every 3 quarter i.e 113million, 125million & 144million respectively. Profit margin was consistently growing up in every 3 quarter i.e 3.84%, 7.44% & 10.36% respectively. Earning per share,EPS was consistently growing up in every 3 quarter i.e 1.74cent, 3.76cent & 5.99cent respectively.
LBALUM aluminium revenue came from import & export for its 3 latest quarterly result; Export RM139.1 million (36.4%) Local RM243.2 million (63.6%)
Just don't understand, Uncle Koon used his comparison method to prove ALCOM profit is better than LBALUM in Aluminium business???
In conclusion, you should choose LBALUM over ALCOM if you have interested in Aluminium business during this uptrending ALUMINIUM price.
the retained profit is already rm189m can easily give 1 for 2 bonus. Balance sheet is so solid. EPS strong and increasing. It's in the right sector with aluminium increasing usage worldwide and in EV. After consolidation should be very promising.
I like LBALUM. Fundamentally I think it's awesome, and I'm expecting good things to happen for the rest of this year (and hopefully the next) for this counter.
But Uncle Koon praising it is like a death knell. He says go up, sure go down. He tell you sell, it'll fly straight up.
Everything is good for the counter except for this fact. Haiz.
People that you must follow on i3 list 1. Pang72: Contra God (FIFO master) 2. Paktua: WhatsApp Pump and Dump God 3. Calvin: "I told you so, buy this company that I recommend instead" 4. Dompeilee: Appears in literally every stock that hit limit up Insider Trading God (I bought xxx stock x months ago, Now it is up 1000%. Wow I am genius) Usually buys low float (low issued share) companies. Very intelligent person 5. mf: Robot/AI God (Master predictor)
Aluminum price increases 15-25% per quarter in this latest 3 quarter(From May-July2020, Aug-Oct2020-Nov2020-Jan2021)
In comparison for the same period, LBALUM, earning per share,EPS was consistently growing up in every 3 latest quarter i.e 1.74cent, 3.76cent & 5.99cent respectively.
From Feb -May2021, Aluminum price is increased from RM1964 to RM2420. Therefore, the upcoming EPS will increase as well. LBALUM -Expected upcoming Feb-May2021 EPS is 8.5-9.5cent.
LBALUM share prices should be at least RM1.60 in JUNE2021.
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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....
roger3210
5,151 posts
Posted by roger3210 > 2021-04-22 15:23 | Report Abuse
KYY curse :D