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 Be the first to like this.   Mr.Sm Invest123 The construction of its second-phase manufacturing facility in the Samalaju Industrial Park in Bintulu, Sarawak was on track to be completed by end-2019 but it will only be commissioned in February or March. Having spent RM300 million on the expansion, PMB Technology projects its production capacity of metallic silicon to double to 72,000 tonnes per year. Together with the completion of the second phase, the group’s total combined built-up area dedicated to its metallic silicon business will be nearly doubled to 1.245 million sq ft from 630,000 sq ft. PMB Technology is producing about 33,000 tonnes of metallic silicon annually, and is targeting 45,000 tonnes this year, rising to the full capacity of 72,000 tonnes by 2021. “If things all go well ... with 45,000 tonnes of output, our revenue will be hitting about US$80 million to US$90 million and by 2021 will be seeing some US$140 million,” said an optimistic Koon. He sees annual silicon demand growth normalising to about 5%. “We saw a dip [in silicon demand] because of the trade war, but by next (this) year, we expect the impact from the trade war to taper off,” said Koon, who is hoping to maintain a minimum 5% profit margin for the metallic silicon business amid market volatility. For the cumulative nine months of FY19, PMB Technology’s profit margin for the total business was about 3%. 20/08/2020 10:21 AM Mr.Sm Invest123 PMB gets boost from metallic silicon business. PMB Technology has funded the plant mainly from the proceeds of about RM212.3mil from a rights issue (for phase one) and private placement II, which netted about RM100.5mil (phase two). To focus its resources in “metallic silicon business “ as part of the company’s growth strategy to expand its revenue stream, Koon noted that PMB Technology had exited from the trading of aluminium extrusion business in Peninsular Malaysia and Sabah via the disposal of four companies in December last year.The four companies, namely PMB Central Sdn Bhd, PMB Northern Sdn Bhd, PMB Eastern Sdn Bhd and PMB Aluminium Sabah Sdn Bhd, were sold to PMB (Klang) Sdn Bhd for about RM44.4mil in cash. The appeal of silicon is apparent as more and more products capitalise on its near boundless possibilities. PMB Technology Bhd, recognising the potential, jumped into the “metallic silicon business “ last year in an attempt to diversify its business but more so to get a foothold in more value-added segments and products. 20/08/2020 10:21 AM Mr.Sm Invest123 券商 ：肯纳格证券研究 投资建议 ：跑赢大市 目标价 ：9.75令吉 闭市价 ：8.25 令吉（截至1月5日） 每股盈利 ：24.3 仙（2021财年估计） 本益比 ：34.5倍（2021财年估计） 股息收益率 ：1.2%（2021财年估计） 随着平均价格的增长、较低的成本结构以及新增的42%产能，齐力工业（PMETAL，8869，主要板工业）2021财年收益将写下新纪录。此外，基于该股去年表现抢眼及铝价前景光明，该行认为该股仍有上涨空间。 尽管氧化铝价格在2020年财年末季随着铝价上扬，但原材料价格的涨幅并不大；氧化铝成本仅占铝价格的15.4%，这意味着，随着利润的提高，齐力工业末季表现可能会走强，2021财年可能取得创纪录的收益。 由于经济体重新开放提振需求，带动乐观情绪，铝价在上周四达到3年来新高。同时，在供需不匹配的前提下，铝价仍有上行空间。 此外，齐力工业去年一整年上涨了80%，是马股中表现最好的非手套股票，甚至在去年末季飙涨至8.53令吉历史最高点，这很大程度上是因为经济重新开放，受抑制的需求推动大宗商品上涨。 07/01/2021 10:54 PM Mr.Sm Invest123 PMBTECH had double its production from 36,000 mtpa to 72,000 mtpa up to now, up to its 2nd phase project expansion from 4 phase development of 64 hectares .. ADVANTAGES OF PMBTECH SILICON Logistic Cost Advantage : Strategically located between the East and the West, Malaysia is located at the straits of Malacca, home to Singapore Port & Port Klang, Malaysia, two of busiest port in the world where shipping rates are favourable. Locally Sourced Raw Material : Malaysia has readily available raw material which ensures consistency in supply. Abundant Green Power Supply : Blessed with high rainfall and an abundance of rivers, Sarawak provides affordable, renewable energy through hydropower developments .. 1st hydroelectric plant (HEP) at Batang Ai (108 MW) in 1985, with Bakun HEP in 2011 (2,400 MW), followed by Murum HEP in 2014 (944 MW). Baleh HEP is still under construction & expected to be commissioned by 2025. That will make total capacity 3,452 MW. source : sarawakenergy.com CHINA SUPPLY OUTLOOK Silicon & Aluminium price on a tear Both silicon & aluminium price soars to their 3-year high. While global solar energy demand drove the recovery from March lows, it was actually news about China changing their environmental policies that fuels the price trend. China produces more than 50% / 60% of the world’s aluminium / silicon. As mentioned earlier, it takes a great environmental toll to produce these materials. Now that China pivots its environmental concern policies, coal-fired power plants will be discontinued hence potentially shrinking production rates and altering supply-demand balance outlook. SILICON AS AN ESSENTIAL MATERIAL FOR SOLAR & EV ECONOMY Solar – The basic component of a solar cell is pure silicon, which also has been used as an electrical component for decades. Polysilicon (a purer form of silicon) is in acute shortage because of vigorous solar module demand. Over 90% of the current solar cell market is based on silicon currently. Electronic Vehicles (EV) – Elon Musk announced that Tesla will use more Silicon to replace Cobalt in producing its batteries for its future generation models. The strategy poise to make Tesla EV a lot more affordable and is seen to be adopted by other EV battery vendors. AGGRESSIVE CAPACITY EXPANSION PMBT is undergoing an aggressive expansion plan to meet the world’s silicon demand is impeccable. Located in Samalaju Industrial Park in Bintulu, Sarawak, it had double production capacity from 36,000 mtpa (1st phase) to 72,000 mtpa (phase 2), current phase. The co.’s corporate plan indicates that the plant size is of 64 hectares and is suitable for 4 phases of development. TRADE WAR Trade war distorts the global supply chain. PMBTECH stands to capture higher market share as a neutral Malaysian producer. Meanwhile the company’s markets are mainly in Europe and America where there are trade barriers against the Chinese suppliers. CATALYST Solar and EV drives silicon demand Production capacity expands by 2x in 2021 Tesla battery revolution drives more silicon for anode material Trade war for higher market share 25/09/2021 10:23 PM 26/09/2021 3:41 PM  mf 7172 PMBTECH, PMB TECHNOLOGY BHD - + Additional Listing Announcement /Subdivision of Shares 5 Oct 2021, 07:00 Additional Listing Announcement /Subdivision of Shares 1. Details of corporate proposal Whether the corporate proposal involves the issuance of new type and new class of securities? N Types of corporate proposal : Conversion of Loan Stocks Details of corporate proposal : Conversion of 5-Year 3.00% Irredeemable Convertible Unsecured Loan Stocks to ordinary shares No. of shares issued under this corporate proposal : 53,500 Issue price per share ($$) : 2.7400 Par Value ($$) (if applicable) : 0.000 Latest issued share capital after the above corporate proposal In the following Units : 214,884,550 Issued Share Capital ($$) : Malaysian Ringgit (MYR) 215,998,952.000 Listing Date : 06/10/2021 2. Details of corporate proposal Whether the corporate proposal involves the issuance of new type and new class of securities? N Types of corporate proposal : Exercise of Warrants Details of corporate proposal : Exercise of Warrants No. of shares issued under this corporate proposal : 1,750 Issue price per share ($$) : 3.0100 Par Value ($$) (if applicable) : 0.000 Latest issued share capital after the above corporate proposal In the following Units : 214,886,300 Issued Share Capital ($$) : Malaysian Ringgit (MYR) 216,004,219.500 Listing Date : 06/10/2021 Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com 06/10/2021 2:39 PM | |
