1. Target Price RM 2.18 Mid term, ========================================== Remarks Not recommended for trsding buy, means not for contra buy, not contra sell
Steel counters especially Choo Bee, Ann Joo will provide uptrend momentum for steel, aluminum sectors, Plus Alcom /2674 will also help in aluminum sector for positive price uptrend.
Alcom majorities profit is still from Property sector.
The good news from Alcom is its Aluminium/manufacturing segment business starts to make profit. In comparison to the previous quarterly financial result to current one is as such:
Q4 FY2020 loss money -RM1.91 million (Aluminium/manufacturing segment only) Q1 FY2021 make money RM1.19 million (Aluminium/manufacturing segment only)
LBALUM profit purely from ALUMINUM. LBALUM latest quartery financial result was EPS=5.99 cent.
One more month LBALUM upcoming financial result will be out. As expected due to higher revenue, better profit margin, upcoming quarterly financial of LBALUM will be increased significantly.
Can somebody knowledgeable, please help me understand one thing?:
if LBALUM manufacture products from aluminium and price of the aluminium is going up, isnt it that their inputs will go also up and eating profit margins? What I see from the last Q and other companies from the same sector its not the case (?!?), but forgive me my ignorance and can you please explain to me?
In my opinion it can be just because of:
1) these companies are also involved in mining 2) they keep enough raw materials (aluminium) 3) they are hedging 4) they increase prices of their products even more compare to raw material price increases 5) there is a lot of orders coming in and thats why actually even raw aluminium is going up and not the other way 6) I miss out something?
well no one can tell for sure, but from the publicly available data, as for example aluminium prices, net profit can be up anywhere between 5-20%, at least should not be less compare to the last Q
Lbalumium! This stock buy n keep, sure win. Take a look at alcom latest earning, up 415%, lbalumium is in same industry with alcom... So what do u think of lbalumium qr going to be? Definitely better than previous earning of 0.599cts.... So if it hits 30 mil profit... Its earning would be double.. This will transacted its pe to 2+... If u know what is PE stand for... U should know what to do now.
I must point out that that LB Aluminium, Alcom and Press Metal are dealing in aluminium. Tomei is dealing in jewelleries which you can buy online.
I am obliged to tell you that Leon Fuat, Choo Bee and Tomei are my major investment holdings. I am not asking you to buy these stocks to push the share prices higher. But, if you decide to buy, you are doing at your own risk.
uncle koon what happen to stock market. the price of Tomei, LBalum, Choobee LeonFH are not stable. Do some thing and let very strong supporters happily going to the bank. Thanks
keep your hands strong guys, dont get influenced by a short term price movements which are irrelevant, once you set some target price in your mind and nothing much changed fundamentally - keep holding! tomei, lbalum (waiting for QR report), leonfb - all
its not only about aluminium price, there will be a huge recovery factor, many projects were on hold, once things get back to normal, LBALUM will be crazy busy and elevated prices will improve profit margins some more, waterfall effect
Posted by Sslee > Jun 13, 2021 6:26 PM | Report Abuse
U.S. President Joe Biden and other G7 leaders hope their plan, known as the Build Back Better World (B3W) initiative, will provide a transparent infrastructure partnership to help narrow the $40 trillion needed by developing nations by 2035, the White House said.
So all building material price will increase so are many commodities price due to every country printing more money.
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....
Skywalker00
228 posts
Posted by Skywalker00 > 2021-05-26 21:30 | Report Abuse
Please la... who dunno commodities counters good results....this is a case of sell on news kids.