METROD HOLDINGS BERHAD
KLSE (MYR): METROD (6149)
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Southern Cable Group BHD IPO 71.2m, 34c:
CABLE and wire manufacturer, 6% mkt share.
to expand production capacity of cables and wires and plastic compound materials A)RM30 mil for capital expenditure and expansion.
(Of this, RM18.5 mil is to purchase and upgrade machinery ,equipment,
RM7.5 mil is to construct new factories ,
RM4.0 mil is to fund the purchase and installation of ERP).
B) RM27.5 mil as working capital
C) RM9.2 mil will be utilised for repayment of bank borrowings and RM4.5 mil would be to defray estimated listing expenses.
22.5% expansion in km of cables & wires:
“The construction of the 2new factories near our current production plants in Kuala Ketil, Kedah, would increase our total built-up area from more than 416,000 square feet to more than 480,000 square feet, new machines and upgrade in current factory, this will expand our total production capacity by 9,050 kilometres of cables and wires to 40,130 kilometres of cables and wires per year by the first half of 2022,” Tung explained.
PVC compound material to expand by 35%:
“To support the higher production capacity, we are setting up a new polyvinyl chloride (PVC) compound production plant next to our current factory in Sungai Petani, Kedah, by first half of 2022. With this plant, our manufacturing capacity of PVC compound material is targeted to increase by 4,200 tonnes to 12,000 tonnes.
Southern Cable’s IPO entails a public issue of 209.3 million new shares and offer for sale of 20.0 million existing shares at an issue price of RM0.34 per share.
Out of 209.3 million new shares, 40.0 million shares will be for application by the Malaysian public, and 22.0 million shares for application by eligible directors, employees and persons who have contributed to the success of the Group. 67.3 million shares under the public issue are allocated for private placement to selected investors and the remaining 80.0 million shares to identified Bumiputera investors approved by the Ministry of International Trade and Industry.
Meanwhile, 20.0 million existing shares would be offered for sale by way of private placement to selected investors.
market size for the manufacture of electric and electronic cables and wires in Malaysia was valued at RM10.3 billion and Southern Cable commanded 6% for the manufacture of electric and electronic cables and wires in Malaysia.
Southern Cable manufactures cables and wires that are used for power distribution and transmission, communications as well as control and instrumentation applications.
The key supporting activities for the cable and wire manufacturing operations include furnace and casting operations and manufacturing of plastic compounds.
The company services various industry sectors such as power distribution and transmission, telecommunications, building and construction, infrastructure, manufacturing and processing industries including oil and gas processing and petrochemical plants.
The Group’s customers include Tenaga Nasional Berhad and Telekom Malaysia Berhad, and has supplied cables and wires for RAPID in Pengerang, Johor, and MRT Sungai Buloh – Kajang (MRT1) projects. – Sept 29, 2020
2020-09-29 18:58
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/copper-supply-faces-struggle-to-keep-up-with-growing-demand-60471925
Higher copper prices may be a boon to some, but perhaps a bane to Metrod.
2020-10-22 18:11
Metrod inventory as at 30 sept 20 value rm 479,608,000
Copper price 18% increase from 1.oct to 31.dec 20
15% from 1.1.21 to today
2021-02-22 15:45
See the track record, this share hardly have transactions. Only these few days got some retailers play around. Those stayed high floor, feel sorry for you all.
2021-02-26 15:36
Umm Metrod doesn’t own copper mines though. But anyways fund managers still can use the “copper price UP UP UP” narrative to trap retailers
2021-04-27 16:30
if people talk about a stock on i3, share price will go up. Because IB uses Bloomberg Sentiment Analysis Index.
2021-04-27 19:59
buy both MSC and Metrod. Metrod used to be the king of copper in Malaysia even though they are manufacturer but they still own a lot and has the capability to control their raw material cost while still making a profit. The rise in share price has a lot of reasons and is not a pump and dump
2021-04-28 09:33
METROD - Notice of Book Closure
METROD HOLDINGS BERHAD
Final Single Tier Dividend of 6 sen per share in respect of the financial year ended 31 December 2020
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted "Ex - Dividend” as from: 26 Aug 2021
2) The last date of lodgment : 27 Aug 2021
3) Date Payable : 24 Sep 2021
Remarks:
The proposed Final Single Tier Dividend will be subject to the shareholders' approval at the forthcoming Annual General Meeting of the Company. Par value is no longer relevant due to the migration to the no par value regime under the Companies Act 2016
2021-04-28 15:23
http://news.10jqka.com.cn/20210428/c628943128.shtml
铜价大涨再创10年新高点评
2021-04-28 14:44:48 来源： 建信期货
铜价大涨再创10年新高点评
研究员：张平 从业资格号：F3015713
一、 事件
4月27日沪铜大幅上涨，主力合约2106日涨幅3.01%报72480，创十年新高，LME铜价离1万点近在咫尺。
二、 点评
本轮铜价的突破性上涨最早可追溯至4月中旬，彼时美联储持续淡化通胀风险，市场逐步相信美联储货币政策将保持宽松的决心，再加上美债拍卖需求强劲施压美债收益率，美元指数大幅下跌，前期施压铜价的宏观压力得到明显缓解，伦铜与沪铜在中旬已经突破3月初回调以来形成的震荡区间，但由于上周美联储主席鲍威尔称不会允许通胀大幅高于目标，这一表态与之前容忍通胀的论调有所背离，令美元止跌，铜价反弹的趋势在上周下半周暂缓，而进入本周，美联储将迎来议息决议，虽美国近期经济数据表现强劲，但由于海外疫情形势恶化，疫情不确定性增加，市场押注美联储政策延续宽松前景，同时欧洲疫情形势出现缓和迹象，周六欧盟表示7月底前能为7成欧洲成年人接种新冠疫苗，加大了市场对欧盟控制疫情、开放经济的预期，美元指数在本周一再探3月以来新低，因此可以看出本周一铜价的大幅反弹有很强的宏观面因素支撑。
除宏观面因素之外，本周一由智利港口工会召集的罢工开始，多个工会也已经提出进行总罢工活动，该联盟要求无条件提取养老基金；为工人提供“完整的一揽子援助”；工人还要求在与大流行有关的工作中提高卫生人员的工资；同时智利因疫情形势恶化延长边境封锁30天，消息面刺激市场对智利铜矿供应生产担忧，但实际影响有限，2020年智利边境封锁并未影响该国铜矿产量，而且罢工方面目前尚无铜出货中断报道，至少两个重要的矿业工会尚未加入罢工。考虑当前智利疫情形势、国家经济状况以及国际铜价，智利铜矿罢工的风险预计难持续升温，事件对铜价的冲击有限。
基本面方面，国内现货市场需求疲软，节前备货意愿被飙涨铜价打断，现货转向买方，周二SMM现货贴水扩大至235元/吨，2105-2016合约正向价差扩大至210，国内消费疲弱，旺季不旺特征明显。海外消费好转，现货升水涨至20美元/吨，而且美国和欧盟制造业PMI强劲，需求复苏预期不断增强，基本面内弱外强，短期对铜价的指引有限。但考虑到全球碳中和渐成主流，铜在从电线到汽车等所有领域的不可或缺的作用，促使大家依旧看涨未来铜需求，因此基本面现实骨感和美好预期的影响下，也难言基本面拖累铜价。
对于后市，智利罢工的风险预计逐步回落，基本面的故事基本都在预期范围内，指引铜价的力量在于宏观面和资金参与热情，美元已将3月涨幅全线收回，美债收益率也出现企稳，在美国经济好转以及美疫苗接种快接近群体免疫水平，本次美联储议息会议声明虽会保持宽松基调，但超预期鸽派声音应该会很少，预计美元将在低位震荡，在弱美元、全球经济复苏以及通胀逻辑的宏观背景下，铜价受宏观面支撑强劲；同时资金博弈热情较高，沪铜持仓再创本年新高，行情仍未走完，铜价易涨难跌。
2021-04-28 16:23
https://www.enanyang.my/%E5%A4%A7%E6%95%B0%E6%8D%AE/%E2%80%9C%E6%96%B0%E7%9F%B3%E6%B2%B9%E2%80%9D%E5%B0%86%E4%B8%BB%E5%AE%B0%E6%9C%AA%E6%9D%A5%E7%BB%8F%E6%B5%8E%EF%BC%9F?fbclid=IwAR2-44Iy6UwHQ7fhpITxFzZBk0Xoa_x7LGMZJXaED32mCFCx2japZGnQBcU
大数据
“新石油”将主宰未来经济？
2021年04月30日
综合整理|郑美励 图|Pixabay
这段时间有一种金属的价格节节上涨创下9年来新高，你留意到了吗？那就是铜，人称“新石油”。
ADVERTISEMENT
今年4月23日（星期五），纽约5月铜矿期货价格登上逾 9 年最高收盘价，收每磅4.336美元（约17令吉92仙），为 2011年8月以来最高收盘价，已是连续第3周收高。在伦敦金属交易所买卖的期铜，收涨150美元（约620令吉），报每吨9552美元（约3万9479令吉）。
其实铜市火热已经持续一段时间，过去12个月铜价已飙涨80%。
铜价强劲，最主要的原因就是供需不平衡。
1■疫情期间居家工作趋势令科技产品需求增加，技术、半导体、资料中心、行动通讯电信台都需要消耗大量的铜。但是，巴西和智利等生产国的确诊病例激增，令人担心矿业生产无法维持正常。
2■拓展现有矿坑要花2到3年，建立一座新矿坑要8年之久。过去几年没有投资新铜矿的消息，意味着用户一直在争夺相对稀缺的铜供应。
3■铜是房屋建筑的主要组成，美国住房需求和房屋建筑上升，带动对铜的需求。
4■经济复苏与减碳需求。大规模的刺激措施(特别是在中国)支持了需求的复苏，而且中国也口头允诺支援减碳政策，美国总统拜登推动2.25兆美元（约9兆3000亿令吉）基础设施与再生能源成长的计划、加速推动绿能转型，再加上他在气候峰会承诺减碳排放量，点亮了需求前景。
绿色能源难取代石油
原油一直是全球大宗商品市场的中心，原油需求更是经济健康的关键指标，随着全球正逐步要设法把石化能源转型至绿色能源，铜，近来却被冠上“新石油”的名称。
这个头衔出自投资银行高盛发布的“铜是新石油”报告。报告指，铜是具成本效益的金属，其物理特性在绿色能源如风能、太阳能和地热等领域占有重要地位，并指市场在讨论石油需求达到高峰时忽略了一件事——若不增加铜及其他重要金属使用，绿色能源根本无法取代石油。铜价节节上升。
报告还称，铜将被用于创建替代石油和天然气的清洁能源所需的新基础设施系统，但到目前为止，这方面的关注还不够。“铜是维持可持续发展技术的重要关键，包括电动车、绿色能源。”高盛称随着在电动汽车和可再生能源项目中的使用激增，若全部采用绿色技术，到2030年，铜需求将大幅增加，最多增加900%，达到870万吨。如果这一过程放缓，需求仍将飙升至540万吨，涨幅接近600%。
截至2020年智利的铜储存量达到2亿吨，它同时也是全球最大的铜生产国，2020年生产了570万吨铜，铜的生产对智利经济的贡献占GDP的20%。
铜价创历史新高
高盛表示，为防止铜供应在两年内枯竭，目前价格必须上涨以鼓励投资和扩大产出，并预测此举将推动铜价从目前的每吨9000美元（约3万7197令吉）发布报告时的价值）左右升至2025年的每吨1.5万美元（约6万2000令吉）。
此前，顶尖金属贸易商Trafigura Group也预测，铜价将创下突破每吨1万100美元（约4万1743令吉）的历史新高。这两家机构预测的核心内容都是：除非价格大幅上涨以刺激供应，否则未来几年铜市场陷入严重短缺。美国和中国的全球数一数二的铜消费大国。
知多一点： 铜的重要性
相比传统发电方式和汽车燃料，电能是所有能源中最好的中介载体，而电的输入、储存、输出均绕不开最成熟也是性价比最高的导体材料——铜。
不管是发展电力深度脱碳、绿色能源如风电和光电、提高终端领域电气化例如新能源车、工业领域由煤改电等，简单来说，无论是发电端还是用电端的碳减排举措，都会提高铜的使用，例如新能源车的插电系统、充电桩等亦需要消耗大量的铜；太阳和风能设备对铜的使用率超过传统发电系统的8至12倍。
2021-04-30 16:17
copper is their raw material. Metrod doesn’t own copper mines and they have to buy copper to manufacture copper wires. Cooper price has increased so their cost is higher now. We can not expect they earn like MSC (who operates a mine). We also can not expect they earn like steel counters. Why? If you take a look of the margin of Metrod and Tawin, you will see their margin is really low, as it is less than 1% for the last 5 years (the highest is 3.8% in the last 10 years). In fact, here is what the management told us in the last quarterly report:
"LME copper prices have increased sharply. Credit, commercial and security risks are
expected to remain high due to volatile copper prices and currency and the uncertainties
surrounding weak economic sentiment and forecasts. Margins remain under significant
pressure. The Group is able to manage the copper and exchange exposure due to its
hedging policies."
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=6149
I just hope people understand what they pay for before they buy this counter. Some people may have bought this counter because of the wrong reason. They may have bought this counter as they notice the price of copper has increased and so they expect their earnings will be excellent. My expectation about their future earnings is pretty low as their cost is higher due to higher copper price and based on their history.
2021-05-15 11:35
revenue steadily climbing for 2 consecutive qtrs.
positive free cash flow for 2 consecutive qtrs around 70mm per qtr (after paying borrowing interest)
net debt decrease from 1b in Q1 to 853mm in Q3.
Metrod is a capital intensive business, their net debt is on par with working capital required, which points to management is pretty good in capital management.
if Metrod could keep churning out FCF of 200mm a year from now on, within 4 years they would be able to pay off their debt(althour unlikely as better to borrow and grow) and operates the largest mill of the region.
total shares issued is mere 120mm, FCF200mm means that's RM1.60 FCF per share, way more than their current share price...
If the FCF could sustain, METROD will worth ~RM10 based on 6X FCF.
2021-11-25 14:45
Another long-term investment success for me: Bought 3 lots @ $1.7933 in May '17, averaged down 6 lots @ $1.3183 in Jul '23, collected 8 dividends of 6c per shr along the way...now paper profit awaiting to be plucked!😊
2024-04-15 09:27
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