Now we have answers why ANCOM shot up past RM2 from RM1.40 just last month, and why it may continue to rise further.

Fresh off the oven, from ANCOM's latest annual report:

Top 30 shareholders as of 3rd September 2021

(without aggregating different accounts of the same holders)

This is the first time ever in recent history that institutions invested into Ancom. 

Most notably,

• KWSP [ 3.23m shares ]
• CMY Capital  (One IFC Residence Sdn Bhd) [ 2.6m shares ]
• Kenanga Growth Fund Series 2 [ 1.73m shares ]

Inferring from the share price movement over the past 2 weeks, it is not hard to guess that ANCOM has become a new target for fund managers seeking alpha returns in this ever-evolving and volatile market. 

Given the shareholding list above is as of 3rd September which is almost a month ago, one has to wonder which other investment houses have started building their positions in ANCOM, the new darling of Bursa?

By the way, one interesting point to note is that CMY Capital is also one of the very first investment house to invest in God stock of the year GENETEC. What's more, they are also coincidentally on number 18 on the top 30 shareholdings list of Genetec for their ONE IFC account. 

Judging by their superb stock picks, it would be no surprise that fellow investors would follow their path into ANCOM as well.