Recently, there are signs of aluminum rebound, mainly due to China's cancellation of export tax rebates for aluminum and copper materials.
The impact of China's cancellation of export tax rebates on aluminum is higher than copper. This cancellation of export tax rebates for aluminum materials may increase the export costs of aluminum export enterprises to a certain extent, suppressing the enthusiasm of China's aluminum processing enterprises for export.
The reduction in China's aluminum exports will affect the global supply of aluminum. When demand remains the same and supply decreases, the price of aluminum will rise. This will be a good thing for PMetal in Malaysia and LBALUM.
The market carries risks, and investment requires caution. This article does not constitute personal investment advice and does not take into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investing based on this, one is responsible for the consequences.
$LBALUM (9326.MY)$ $PMETAL (8869.MY)$

$SCGBHD (0225.MY)$
Malaysia Oriental Daily - Oriental Net
Photo Source: Southern Cable Official Website
Finance
Published on November 16, 2024, at 5:30 PM • Last updated 21 hours ago • Written by Fu Wenbang
[Comment] Bang You Stock Selection: Southern Cable Shows Call Signal Stock Price Can Be Raised to RM 1.20?
Bang You Stock Selection
Southern Cable
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I have always focused on fundamental analysis in my articles. This time, I will mainly write about technical analysis. Readers may remember the article I wrote last year about Southern Cable (SCGBHD, 0225, main board industrial stock), right? This issue will analyze the company's stock price. If you want to learn more about the company's fundamentals, you can review my article "Bangyou Stock Selection: Cable Stocks Comparison Southern Cable Slightly Ahead?" dated December 9, 2023.
Analyzing stocks through charts
Southern Cable was listed on October 16, 2020. Although the stock price initially declined after listing, this downward trend did not last long. Shortly after, the stock price rebounded and entered an upward trend. However...

$SCGBHD (0225.MY)$ Stock on Radar - Southern Cable Group (SCGBHD)
Publish date: Fri, 15 Nov 2024, 11:14 AM
Southern Cable Group (SCGBHD | 0225)
Last Price: RM0.96 | Technical Call: BUY
Technical chart: SCGBHD
Support 1: RM0.94 Resistance 1: RM1.05
Support 2: RM0.825 Resistance 2: RM1.20
Shariah Compliant: Yes Sector: Industrial
Company Background. Southern Cable Group (Southern Cable) primarily manufactures cables & wires used in power distribution and transmission, telecommunications, const...

$SCGBHD (0225.MY)$ why suddenly up?

$LBALUM (9326.MY)$ Aluminium (MAL) is at $2,716.00 (+3.86%)
http://uk.investing.com/commodities/aluminum?utm_source=investing_app&utm_medium=share_link&utm_campaign=share_instrument