PA
P.a. Resources Berhad
Company Background
ummmm $PA / 7225 (P.A. RESOURCES BERHAD) also need see see need taiko earning
https://cutt.ly/xeFPyEze
+ $KLSE-L&PBHD
+ $MASTER / 7029 (MASTER-PACK GROUP BERHAD)
PETALING JAYA: P.A. Resources Bhd has secured a 0% dumping rate for its aluminium extrusion exports to the United States (US).
Additional Listing Announcement /Subdivision of Shares
First Solar's Malaysian Suppliers
Shares of solar manufacturer First Solar surged on Wednesday, reaching their highest level in over a decade, amid a broad rally in solar stocks. U.S.-based solar companies are benefiting from optimism surrounding new tariffs on Chinese solar cell imports. Additionally, First Solar stock received a boost from a bullish report identifying the company as a potential AI winner, leading to an 18.7% gain.
Did you know there are three listed companies on Bursa that are the suppliers of First Solar? Could they benefit from this surge?
📌 $PA / 7225 (P.A. RESOURCES BERHAD)
PA is an aluminum extruder that produces semi-finished aluminum products, including aluminum billets. The company operates across three segments: upstream (in-house recycling and billet manufacturing), midstream (extrusion of aluminum profiles and products), and downstream (various finishing processes). In January 2024, P.A. Resources secured an extension of its supply agreement with First Solar, Inc., First Solar Malaysia Sdn Bhd, and First Solar Vietnam Manufacturing Co. Ltd to provide materials for photovoltaic module production.
📌 $GREATEC / 0208 (GREATECH TECHNOLOGY BERHAD)
GREATEC is an automation solutions provider specializing in factory automation. The company manufactures equipment for automating production processes, including single automated equipment and complete production line systems. Their products are used in the manufacturing of solar modules, semiconductors, and consumer electronics. First Solar is GREATEC's largest customer, for whom they supply photovoltaics and thin-film module technology for the solar industry.
📌 $MASTER / 7029 (MASTER-PACK GROUP BERHAD)
MASTER is an investment holding company engaged in the manufacture and sale of corrugated fiberboard cartons and packaging materials. The company’s core activities include producing various types of packaging materials, such as sheet board, slotted cartons, and palletized shipping containers. First Solar is MASTER's largest customer, contributing 46.1% of the company's FY23 revenue.
Additionally, $KOBAY / 6971 (KOBAY TECHNOLOGY BERHAD) is known as one of the supplier of First Solar, although this has not been confirmed.
Additional Listing Announcement /Subdivision of Shares
PETALING JAYA: Aluminium extruder P.A. Resources Bhd’s net profit for the nine months ended March 31, 2024 (9M24) has surpassed its financial year 2023 (FY23) full year results.
PETALING JAYA: Aluminium extruder P.A. Resources Bhd’s net profit for the nine months ended March 31, 2024 (9MFY24) has surpassed its financial year 2023 (FY23) full year results.
P.A. RESOURCES ACHIEVES YEAR-ON-YEAR NET PROFIT GROWTH OF 16%
website: https://cutt.ly/0eeZZOoJ
FB: https://cutt.ly/QeeZZOLY
Bursa Announcement Link: https://cutt.ly/teeZZPcC
$PA / 7225 (P.A. RESOURCES BERHAD)
Quarterly rpt on consolidated results for the financial period ended 31/03/2024
PROVISION OF FINANCIAL ASSISTANCE
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSPROPOSED ACQUISITION OF INDUSTRIAL LANDS BY P.A. EXTRUSION (M) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF P.A. RESOURCES BERHAD
Additional Listing Announcement /Subdivision of Shares
@terence775 Since you mentioned $PA / 7225 (P.A. RESOURCES BERHAD), I feel the need to highlight a very real risk to the company from a macroeconomics point of view, especially related to the US election and their direction of bringing manufacturing on shore. While I'm at it, I will just share a little bit about PA and why I think a big risk is not yet been priced in, considering they are up around 40% since early this year.
As everyone should know, PA is involved in the fabrication and extrusion of aluminum products with a big focus on the solar panel industry. They mainly buy their raw materials (aluminium billets) from Australia and Dubai.
Recently, they had reported their highest ever revenue largely due to increasing sales to USA, and we all know their big customer here is First Solar. Many analysts say it's a good thing, and I beg to differ. For the record, FS is about 90% of PA's business. On a running basis FS has an annual contract with PA, to purchase the frames for the PV modules.
FS is on a rapid expansion mode to capture the solar panel market in the world, and in the same line, PA plans to double their capacity in stages to meet the high demand from FS.
All sounds good, yes?
It does until you read what First Solar has been proposing and advocating: building a domestic manufacturing base in US. This is very in line with Trump's idea of MAGA and bringing global supply chains back into US soil while subsidizing them to make them competitive. It is also not too far off from US parties' populist policies-- so I would expect this to be more of an eventuality rather than a possibility.
What happens when your biggest customer decides they don't need you anymore? Cue $ATAIMS / 8176 (ATA IMS BERHAD).
With such a big risk always looming in the background, PA provides a very lopsided risk:reward offering, skewing very heavily into high risk and low rewards territory.
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period
Changes in Director's Interest (Section 219 of CA 2016) - DATO' WANG SZE YAO @ WANG MING WAY
P.A. Resources Bhd, the country’s leading aluminium extruders and fabricators, is well-positioned for multi-year earnings growth, according to Rakuten Trade.
Additional Listing Announcement /Subdivision of Shares
KUALA LUMPUR: P.A. Resources Bhd is well-positioned for multi-year earnings growth, according to Rakuten Trade.
OTHERSP.A. RESOURCES BERHAD ("PARB" or "THE COMPANY") - OFFER OF OPTIONS UNDER PARB EMPLOYEES' SHARE OPTION SCHEME ("ESOS")
PA - Notice of Book Closure
PETALING JAYA: P.A. Resources Bhd, Malaysia’s leading aluminium extruder company, recorded its highest ever quarterly revenue of RM150.7mil for the second quarter ended Dec 31, 2023 (2Q24), an increase of 16.4% compared to 1Q24.
Interim Dividend
OTHERSP.A. RESOURCES BERHAD ("PARB" or "the Company")
- SINGLE TIER INTERIM DIVIDEND FOR THE FINANCIAL YEAR ENDING 30 JUNE 2024
Quarterly rpt on consolidated results for the financial period ended 31/12/2023
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSPROPOSED ACQUISITION OF INDUSTRIAL LANDS BY P.A. EXTRUSION (M) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF P.A. RESOURCES BERHAD
PETALING JAYA: P.A. Resources Bhd is proposing to acquire two parcels of industrial land in Pekan Batang Berjuntai, Selangor, from Niken Steel (M) Sdn Bhd for RM21mil.
P.A. RESOURCES ACQUIRES 18 ACRES OF LAND FOR NEW FACTORY, TO PAVE THE WAY FOR STRATEGIC EXPANSION
website: https://cutt.ly/swBzhcyj
FB: https://cutt.ly/6wBzhcgx
$PA / 7225 (P.A. RESOURCES BERHAD)