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Don't even touch this counter unless u want the dividend every year and long long long long team invest (maybe 10 years). and Don't even listen to any guru analysis about very very low PE, because the low PE standstill for many many many many years.
Six month ago when I mention this, it is RM0.56, now drop to RM0.50, if you are short term player, don't waste time on this counter, nobody will goreng. Before this, few Guru mention few reason to buy this counter, but all is NONSENSE. 1. Low PE lah, 2. Cash more than debt lah, 3. EV car need more aluminum lah 4. Data center need more aluminium lah. All this is nonsense. This counter may be 5-7 years goreng 1 time. So many counter in Bursa, better looking for other for more opportunity.
5 Apr 2024 : Aluminium price already RM2437, Pmetal up 14sen today (RM5.26), this old man company still stand @ RM0.530, transaction only 74 lot only. Please delist this company and return back the money to investor NTA 0.99