P.A. Resources Berhad is an investment holding company. The Company operates in three business segments: aluminium extrusion and fabrication segment, which extrudes a range of aluminium profiles for a variety of applications, ranging from simple architectural needs to high precision electronics applications; aluminium billet casting and tolling segment, which casts the standard aluminium billet for general or miscellaneous use where moderate bending and forming is permissible, and Construction contract segment, which involves the design, supply, fabricating and installation of aluminium products.
PA will become bullish like Huaan, Pa is indirectly benefit from budget2018, Pa is the choice of china linked stock we pick
Why we said so?
reason 1: Aluminum future price hit new high recently, As price of aluminium now good and shall benefit for its export market. It is one of the factor that will improve 2018 financial year result.
Last year when huaan result released, everyone were surprise, the good
result is due to high demand of metallurgical coke in china + coke
price was at highest price level
Huaan had started the first bullish W1 at the price 6sens open price,
the stock has corelation with production and sale of metallurgical coke.
It has few common places with PA: Price of huaan were at very low;
high trading volume counter ; both companies stock price rely on
commodity price; have relation with china . Currently PA situation is
just like when baby huaan was pricing at 4sens, we believe 2018 result
will improve alot due to high alu price
reason 2:PA got god daddy- Main shareholder Fajarbaru is benefit from budget 2018 and China Railway Engineering Corporation (CREC)
Mr. Wong Chee Heng is Executive Director in PA and non Executive Director in Fajarbaru, Fajarbaru Builder Group Bhd has upped its stake in PA Resources Bhd by 0.89 percentage points to 9.22% through subscription of the latter’s issuance of rights share.According to PA Resources’ annual report for the financial year ended June 30, 2017 (FY17), Fajarbaru’s shareholding stood at 8.33% as at Sept 28 this year.Fajarbaru has been allotted a total of 78.31 million rights share in PA Resources, which consist of 63.08 million rights shares at an issue price of five sen each, on the basis of four rights shares for every five shares held in PA Resources and 15.23 million excess rights shares being issued at the same price.
According to 2018 budget report, Fajarbaru will benefit from this budget. Moreover, Construction sector will also benefit from 2018 budget.According to the Edge, Fajarbaru and YTL Corp will likely get RM 8.9 billion Gemas-Johor Bahru double-tracking and electrification project. http://www.theedgemarkets.com/article/newsbreak-doubletracking-project-moving-again
China Railway Engineering Corporation (CREC) has been awarded a contract worth US$400mil (RM1.8bil) for the construction of the oil terminal of the just-revived Asia Petroleum Hub (APH).
Read more at https://www.thestar.com.my/business/business-news/2017/05/13/crec-to-build-oil-terminal-at-asia-petroleum-hub/#rlFg16fDEjsxxhLP.99
Read more at https://www.thestar.com.my/business/business-news/2017/05/13/crec-to-build-oil-terminal-at-asia-petroleum-hub/#rlFg16fDEjsxxhLP.99
We strongly believe that Fajar will produce strong demand for PA since
they have alot of contracts on hand as well as upcoming 2018 budget
projects which need PA services and products . Election is near, fajar
has started the engine.
reason 3 China China China
you can download the full report here,
Thanks to our prime minister , China has the money to invest heavily and now Malaysia become Ranked 4 most favourite
country to invest. We believe China fund has invested heavily in Bursa
stock market especially for those china linked/related counters already
prove their bullish trend, look at Huaan, Drbhicom, hengyuan, puc chart, how bullish they are. Hence next highest chance is related to CREC counters which are fajar and PA.
in the first three quarters of 2017, Chinese investment in Malaysia surged by 44.1%. This affirms Malaysia as a top destination for Chinese investors as well as allay to some extent concerns over existing commitments to invest in the country, especially those affected by restrictions on capital outflow and new overseas investment rules promulgated by the Chinese government.
The rise in investments from China is positive for the Malaysia as it raises aggregate investment demand and therefore the country’s gross domestic product growth. Upon completion, the services or industrial output from the investment project will boost the economy’s production capacity and its growth potential
Read more at https://www.thestar.com.my/business/business-news/2018/01/01/broader-china-investments/#vKdB5KlZ0L5Ibx1D.99
The rise in investments from China is positive for the Malaysia as it raises aggregate investment demand and therefore the country’s gross domestic product growth. Upon completion, the services or industrial output from the investment project will boost the economy’s production capacity and its growth potential
Read more at https://www.thestar.com.my/business/business-news/2018/01/01/broader-china-investments/#vKdB5KlZ0L5Ibx1D.99
TP
Our TP1 for PA wave1 is RM0.12. Our ultimate TP is RM0.50(wave5)
Our TP1 for PA-wb wave1 is RM0.07. Our ultimate TP is RM0.43(wave5)
Our CL to be reveal soon.
Our strategy
When uptrend, Buy and average up at every wave resistance level,
When retracement, take profit and reduce at every bid below support level.
This strategy we used in PUC are very effective, we would try it on PA too.
This strategy we using in DGSB right now give us great paper profit, more detail:
Join our telegram for fastest update: http://telegram.me/share4u88
By Rainbow
DISCLAIMER : Investment involve risk, including possible loss of principle and other losses. This article and charts are provided for information only and should not be construed as a solicitation to buy or sell any of the instruments mentioned herein. The author may have positions in soe of these instruments. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein. If investment and other professional advice are required, the services of a licensed professional person should be sought.
By Rainbow
DISCLAIMER : Investment involve risk, including possible loss of principle and other losses. This article and charts are provided for information only and should not be construed as a solicitation to buy or sell any of the instruments mentioned herein. The author may have positions in soe of these instruments. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein. If investment and other professional advice are required, the services of a licensed professional person should be sought.
http://klse.i3investor.com/blogs/PAFAJAR/143092.jsp
