pharm612

pharm612 | Joined since 2020-08-01

Investing Experience Intermediate
Risk Profile Moderate

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Stock

2020-08-06 16:16 | Report Abuse

Current copper price as quoted in LME (London Metal Exchange ) is officially
USD 6440 per tonne which is equivalent to RM 26984 (assuming 1 USD=RM4.19)
This is much higher than Anzo's quoted price to CSTME which is RM 23000 per tonne
However , according to the supply agreement , price will be adjusted to Anzo according to market price .Copper price is currently on a bullish trend due to high demand from electric vehicle .

Stock

2020-08-06 09:19 | Report Abuse

You can get this information from bursa's announcement and from Anzo's BOD reply
to bursa on 23rd June 2020

Stock

2020-08-05 10:19 | Report Abuse

The BOD of Anzo has clarified that there are some foreign investors acquiring Anzo's share
from the open market.

Stock

2020-08-05 09:31 | Report Abuse

5S is already a very profitable tech company even without Niis .
Buying ALB is a cheap ' pre-IPO ' way to get 5S .

Stock

2020-08-04 16:30 | Report Abuse

On 25 th June 2020 , Anzo entered into supply agreement with CSTME whereby
CSTME has agreed to purchase up to 60000 metric tonnes of copper from Anzo at RM 23000 per metric tonne to supply to Postco International Corp for 40 months.
Total contract value is RM 1.4 billion .
The supply agreement is expected to increase Anzo's earning per share , net assets and
future earnings in the coming QR

Stock

2020-08-03 09:36 | Report Abuse

Good corporate governance for Anzo to declare unsatisfactory due diligence.
Saved a lot of hassle and initial set up loss .Also preserved Anzo's improving
bottom line . Be prepared for next QR's bumper harvest which would include
copper export.

Stock

2020-08-01 15:49 | Report Abuse

In Sept 2017 , after Vizione completed RTO of Astral Supreme ,the stock price increased
all the way to RM 1.12 from RM0.12 for those who have the patience to hold on their stocks.

Stock

2020-08-01 15:42 | Report Abuse

Copper is the new gold .
The recent exponential rise in world copper price is due to rising demand of copper for
electric car and its battery .Copper is used in the production of electfoil (electrode deposited
copper foil) which is a thin copper foil with thickness < 10um .Electfoil is the core material
for current collector that forms cathode in an electric car battery.