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Investor Alert!!! Technical show reversal, currently downward trend support at RM 4.00.
Low revenue and profit margin in 2019 due to low aluminium price
Aluminium price had increase in 2021 Q1 2021 profit margin increase
Three operating segment; Smelting and Extrusion, Trading and Refinery
Acquisition of raw material production - carbon anode and alumina in 2019 and 2020 (vertical integration)
High Debt in 2020
High Capital investment in 2019 and 2020
Low Dividend Yield
High PE
It wont be like EURO. PMETAL had strong fundamental just currently price is a bit high and correction is on the way. In 2019 and 2020 management make the right move for vertical integration to lower the raw material price. With more production in line PMETAL would be there for long term. Good stock to keep buy for long term is the price is right.
