@sheryn74, Ks5S
The spillover impact of the Top Glove imbroglio and Ks5S quoted information have directed the attention of some glove counter investors to have a peek at industry peer, COMFORT, with a comfortable share valuation price to migrate to. The past few days have seen COMFORT steadily going up north.

@SuperPanda
Under present market scenario of heightened volatility and uncertainty, anything is possible.

Who would have imagined the big brother of the glove industry, Top Glove could have its costly 3.8 billion market capitalisation wiped off in a single day?

The valuation wiped out is more than double the acquisition price for Aspion.

http://www.theedgemarkets.com/article/frankly-speaking-top-gloves-costly-acquisition#.W00d_ORZPMQ.whatsapp

Both EPF and Permodalan Nasional Berhad have collectively snapped up 23 million shares of Maybank on two consecutive days, July 11-12. Amanah Raya Trustees-Amanah Saham Bumiputra disposed 2 millions on July 11.

enning22
You should update your understanding of contemporary geopolitics and global trading before making unsubstantiated comments.

1. The US is a heavily-debted country with USD 21 triilions national debt to GDP.
http://www.usdebtclock.org/

2. The US suffers a USD 380 billion deficit in balance of payment with China.

3. China holds or buys substantial portions of US debt bills, Treasury notes, etc.

4. China is endowed with some USD 21 trillion in savings.
https://www.bloomberg.com/view/articles/2018-07-12/trump-is-misjudging-china-s-resolve-on-trade

5. China didn't say she wouldn't retaliate, but rather China wouldn't take the first shot. It was the US which started the trade war.

6. The US wants others to follow "a rules-based," international order. Ironically, it was the US which breached the rules and regulations of WTO when it unilaterally imposes trade tariffs disregarding the impact on the global trading systems.

7. At the announcement of trade tariffs by the US, China greatly shocked the Americans to show that they are fully prepared for the trade war.

8. China adeptly employ structured tariff counter measures which hit at the US most vital sectors.

Questions for thought:
1. Which country has more financial firepower to sustain the trade war?

2. Can a country like the US so mired in financial woes be able to win a prolonged trade war?

POSITIVE NEWS FOR COMFORT IN 2H 2018

FOCUS MALAYSIA, JULY 14-20, 2018
Strong demand to support earnings
THE glove sector is expected to see continued demand in the second half of this year but higher raw material costs and capacity constraints could limit its outlook.

“We believe glove producers could potentially record better earnings in the quarters to come as the resilient global demand for gloves will continue to drive their earnings in 2H18,” notes an MIDF Research report.

The report notes that the Malaysian Rubber Glove Manufacturers Association (MARGMA) projects the value of glove exports this year to increase by 10% to RM18 bil from RM16.2 bil last year. This is expected to be driven by an increase in global demand of about 8% to 10% per annum. However, cost pressures could impact the bottom lines of some glove players.

Analysts expect rubber prices to remain at their current high levels for at least the rest of the year. This is in line with the agreement between Thailand, Indonesia and Malaysia (the three largest producers) which prevents the price of rubber from falling below RM4 per kg.

China’s slowing automobile sector following the removal of government incentives is another factor which could weaken the demand for rubber over the rest of the year.

Nitrile butadine prices might also increase with the rising demand for nitrile gloves. MIDF Research says the demand for this raw material could push prices up by 5-10% next year.

@questionmark11
NOTES FROM COMFORT AGM, 9 JULY 2018 - PART 2 (from an earlier thread 13/07/2018 01:14)

Questions by Proxy Shareholder (Phang)
2. What is the FDA status?

BOD Answers
2. As pertaining the FDA matter, the company has filed in the necessary papers, only waiting for FDA approval.

Comfort Gloves’ share price began to tumble on March 28, when news emerged about the FDA watch list. It hit a one-year low of 49 sen on April 4 before starting to recover two days later. The counter managed to regain some lost ground but has yet to recover to the RM1.12 mark it was at on March 27. The counter closed at 80.5 sen on July 11.

There has been no disruption to Comfort Gloves’ operations in the US, despite being listed on the FDA import watch list, says management. The company emphasises that its operations are continuing as normal as its products are still being admitted into the US after inspection.

“The company continues to run at a high average production utilisation level of above 80% through Q1FY18, indicating that orders are resilient despite concerns of potentially lower sales after it was included in the US FDA list,” acknowledges Cheok.

Comfort Gloves says it is working to remove itself from the list so it will no longer be subjected to the inspections. It has filed an appeal and is confident it will be successful.

The successful petition for removal from the FDA watch list could help “alleviate concerns” over its exports to this important market, says Cheok. RHB Research’s Lim similarly opines that “the uplift from the FDA Import Alert list could be a re-rating catalyst for the stock”.

Malacca Securities has a target price of 92 sen with a hold rating on the stock.
“The ascribed target PE ratio remains at a discount to the PE ratio of industry bellwethers like Hartalega Holdings Bhd, due to its smaller market capitalisation and capacity,” Cheok explains.

RHB Research’s Lim is neutral on the counter, assigning it a target price of 76 sen.

FocusM
BY STEPHANIE JACOB

FOCUS MALAYSIA, JULY 14-20, 2018

Mixed outlook for Comfort Gloves

* Contending with higher raw material costs and natural gas tariffs

* The company is appealing against its products being placed on the US FDA watch list

* Focusing on expansion and operational efficiencies

Increasing global demand for nitrile gloves is still spurring the local glove manufacturing sector. Nitrile gloves now account for 61% of Malaysian rubber glove exports. With the growing demand for nitrile gloves, the industry is seeing increased product segmentation and differentiation to maintain the economics of global demand and supply.

Despite resilient global demand, Comfort Gloves Bhd will have to keep a close eye on raw material costs and natural gas prices as they are key ingredients in glove making and have been rising in price.

The company’s financial performance is also affected by foreign exchange fluctuations, particularly when the ringgit strengthens against the greenback. The ringgit strengthened almost 4% against the US dollar from RM4.02 on Jan 2, 2018 to around RM3.86 on Apr 2, 2018. It has since weakened to RM4.03 per dollar as of July 11.

The glove maker says all these factors were a drag on its profit for the first quarter of FY19.
During the quarter, Comfort Gloves’ revenue rose 14% to RM106.6 mil from RM94 mil in the previous year’s corresponding quarter. However, its pre-tax profit fell 4% year-on-year (yoy) to RM9.7 mil from RM10 mil.

“The drop was mainly due to the prices of raw nitrile and natural gas increasing by 10% and 17% respectively since the beginning of the year. Besides, the strengthening of the ringgit against the US dollar (during the period) also impacted the group’s profit margin,” says the company.

Net profit was 28% lower yoy at RM7.3 mil versus RM10 mil after the company was hit with a one-off provision for deferred tax. This had not been provided for in the previous corresponding period, it adds.

If it is unable to manage these factors going forward, then FY19 could prove to be a challenging year for the company. To mitigate the impact of more costly raw materials and energy, the company plans to improve its research and design capabilities and is making enhancements to boost efficiency.

“The group will continue to emphasise research and development as the key method to expand market offerings and grow sales,” its management details in the notes accompanying its Q1FY19 results.
Expanding production

Malacca Securities Sdn Bhd analyst Diana Cheok forecasts that Comfort Gloves will face a challenging operating environment over the near term. She highlights trade and other political uncertainties as factors which will likely impact the group’s bottom line.

Cheok is more sanguine on the glove maker’s prospects on a longer-term basis as she believes it has a promising growth trajectory. She identifies the company’s on-going production expansion plans, and focus on process rationalisation and efficiency strategies as boosters to long-term earnings growth.

RHB Research Institute analyst Lim Jia Yi also sees added capacity as a contributing factor to earnings growth. “Comfort Gloves has finalised an additional three new highly flexible and customisable production lines, which will contribute an additional production of 360 million pieces per annum.

“This brings the total number of production lines to 43, and manufacturing capacity to approximately 4.36 billion pieces per annum,” Lim says. She has revised her FY19 to FY21 earnings estimates upwards by 3% to 11% as she factors in the company’s additional capacity from the three new production lines.

The glove maker also plans to add another eight new production lines and a warehouse, highlights Malacca Securities’ Cheok. The company has also proposed to acquire a 39-acre piece of leasehold land in Perak for RM13.2 mil as part of its larger expansion plans, she adds. The ongoing expansion plans are seen to be positive.

Comfort Gloves has also positioned itself as a specialty gloves manufacturer which, it believes, helps it stand out among its peers. Cheok agrees this is a plus point for the company as it gives a “competitive advantage in the increasingly saturated nitrile gloves industry”.

US FDA watch list issues
The company’s unit, Comfort Rubber Gloves Industries Sdn Bhd, was recently placed on the US Food and Drug Administration’s (FDA) import alert list. The US and Canada are a very important market for the glove manufacturer as it represents its largest market at 36%.

TBC ...

@VFTRADER
Appreciate your numerical projections. It is comforting news for supporters of COMFORT.

NOTES FROM COMFORT AGM, 9 JULY 2018 - PART 2

Questions by Proxy Shareholder (Phang)
1.What is the progressive expansion capacity of the recent acquisition of 39- acre industrial land, the details of this expansion; the conversion of the 2 existing pieces of agricultural land in Jebong District, Matang into industrial land?
2. What is the FDA status?
3. What are the specific steps taken to upgrade the operational efficiencies of the company?
4. What is the projected manufacturing capacity for FY2019?

BOD Answers
1. (a) In phase 1 production capacity is expected to increase when all the 9 lines are progressively completed.
(b) For now, there won't be much happening on the recently acquired industrial land in Ipoh. It's more for its price and investment purpose as it has electricity, water and natural gas.
(c) As the gas installation is expected to be connected only at the end of Dec 2018, any further concrete plans will most likely to appear in 2019.
2. As pertaining the FDA matter, the company has filed in the necessary papers, only waiting for FDA approval.
3. (a) The company is heavily invested in operational upgrades to streamline operations especially in IT and financial operations.
(c) COMFORT is using investment allowance of green tax incentive credits to cut costs in electricity and gas.
(d) As to the problems of labour, it is typically an industry challenge.
(e) Installation of automated printing machines, etc but not all things can be automated.
4. Moving forward 2019, with the full completion of 9 more lines, and the existing 43 lines, there will be altogether 52 production lines.

sheryn74
Don't be disappointed. It's part of investing life. Learn from your mistakes to serve as wisdom for future. Technical analysis may be useful for viable entry price.

Wow, morning high 9.25.

@sheryn74
smartInvestor1 wow. good news to glove sector. 上次也是中国减产 这次是竞争力减少 会慢慢发酵反映在业绩
12/07/2018 10:29
wow. good news to glove sector. The last time was when China cut down production. This time around with less competition, its positive impact will steadily be reflected in the next quarterly report.
X
yuanlong57 @ smartinvestor1
对啊, 肯定会发酵反映在八月份第2业绩报道。
You're right. Its positive impact will surely be reflected in the 2QR in August.

@ smartinvestor1
对啊, 肯定会发酵反映在八月份第2业绩报道。

Malaysian rubber glove makers may benefit from US-China trade war
https://www.thestar.com.my/business/business-news/2018/07/12/malaysian-rubber-glove-makers-may-benefit-from-us-china-trade-war/#5MIKO6pjBVVBIFRP.99

"The research house noted that the gloves are on the US$200bil list of Chinese goods that will be subject to a 10% import tax."

"We believe that Malaysia exporters will be able to benefit from it, building on their 60% market-share base."

@gongkia, hotsteel
1. MD Cheang pointed out that all the information had been publicly disclosed through bursa announcements over the past few years. He said it was unfair for him to quote past historical figures offhand to answer the question.
2. Personally speaking, the abrasive way he replied to a new shareholder politely seeking information was unacceptable.
3. (a) As a board director and Managing Director who is paid between MYR150,000 - MYR200,000 (Company) and MYR950,000 - MYR1,000,000 (Group), he is obligated to handle all queries in the best possible way.
(b) As the Managing Director responsible for the daily operations, it's not difficult for him to provide some estimates.
(c) He seemed aloof probably thinking he held substantial controlling shares and a key person in turning the company around.
4. Nevertheless, his son Executive Director Sean's professional intervention in answering helped to smoothen the discussion subsequently.

smartinvestor1
谢谢你的分析。

NOTES FROM COMFORT AGM, 9 JULY 2018 - PART 1

Responses from The Board of Directors
1. The Board of Directors has a balanced mix of individuals with specific expertise relevant to glove making industry, corporate financial and accounting systems.
2. The Managing Director, Cheang Phoy Ken asserted that the BOD have successfully turned a loss-making company into a profitable one without any injection of fresh capital into the company.
3. The BOD has decided to reward the shareholders for their loyal support by declaring a dividend of 1 sen for the first time in 2018.
4. (a) MD Cheang at first retorted bluntly as unfair in response to a new shareholder who requested for statistical data about the production capacity of Comfort for the past years.
(b) However, his son Executive Director helped to tone down the abrasiveness by patiently answering the questions.
(c) I remarked that no questions should be deemed as unfair or unreasonable as the AGM is the legitimate platform for all shareholders to know about the company. All questions are made in good faith in the best interests of the company.
(d) I believed that the BOD are taken aback by the quality of "easy" questions posed by the shareholders. The questions are quite sharp, probing and dissective, requiring evidence of figures and facts and not some corporate lingo or stereotyped rhetoric.
(e) A shareholder remarked that the questions were posed to seek comfort for their investment commitments in Comfort.

https://www.thestar.com.my/business/business-news/2018/07/10/mycron-steel-shares-rise-27-6pc-in-early-trade/

"It has been reported that steel prices and aluminium premiums are shooting up in the US thanks to tariffs"

@wakarimas, @VFTRADER
@Wakarimas should work out your own version of "UNTRUE" calculations to verify how true VFTRADER's calculations are. It will definitely help forum members to arrive at a better well-informed calculated understanding. Thanks.

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS OUTSIDE CLOSED PERIOD

Announcement
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD

Description The Company had on 6 July 2018 received notifications from the following Principal Officers in relation to their acceptance of Letter of Offer for the grant of options under the Employees' Share Option Scheme of the Company's Employees' Share Scheme as set out in the table below.

The consideration paid by each Principal Officer is RM1.00 for the acceptance of the offer.
Name of Principal Officers Date of Acceptance Number of Options Option Price
Loh Kam Chuin 6 July 2018 500,000 RM1.37
Yap Choon Seng 6 July 2018 500,000 RM1.37
Oon Hooi Khee 6 July 2018 500,000 RM1.37
Low Peck Yoke 6 July 2018 320,000 RM1.37
This announcement is dated 6 July 2018.
http://ir.chartnexus.com/rce/readnews.php?id=87115

Breaking news.
I attended COMFORT AGM today. We had shareholders all the way from Kuala Lumpur, Penang too. Attendees from Eastspring Investment Trust Funds and RHB Capital. Board of management expressed positiveness towards 2H 2018 performance. Management stated that FDA Issue approval pending but doesn't affect company performance. Moving forward production capacity to increase with additional new lines in progressive completion. No immediate expansion on the recent acquisition of industrial land in Ipoh.

55880955. May I know what kind of logic you base on to arrive at such view?

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS | http://www.klsescreener.com/v2/announcements/view/28895059
ACQUISITION BY EM HUB SDN BHD, A WHOLLY-OWNED INDIRECT SUBSIDIARY OF ALCOM, OF A PARCEL OF VACANT LEASEHOLD INDUSTRIAL LAND HELD UNDER LAND TITLES HSD 242971 PT 10568 AND HSD 242972 PT 10570, BOTH IN PEKAN BARU SUNGAI BULOH, DISTRICT OF PETALING, STATE OF SELANGOR FROM SELEKSI MEGAH SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF PARAMOUNT CORPORATION BERHAD, FOR A TOTAL CASH CONSIDERATION OF RM92,129,400 ("ACQUISITION")

Above industry earnings growth for FY18 expected for CIMB Group - The Edge Markets http://www.theedgemarkets.com/article/above-industry-earnings-growth-fy18-expected-cimb-group#.WzsEBxQgIl0.whatsapp

OTHERS RCE Capital Berhad ("RCE" or "Company") - Employees' Share Scheme ("ESS")
http://www.klsescreener.com/v2/announcements/view/28894573
Within the context of the ESS, can we expect price to bottomline at 1.58 and stay above pending QR in August? Today's high at 1.610, low at 1.56 and close at 1.58.

sheryn74 There will always be problems. The company performance hinges upon a confluence of perennial factors like market demand, competitors, cost of raw materials, currency risks, energy costs, etc.

The crux of success will depend on the efficiency and the wisdom of business hindsight of the board of management in handling a good balance of these variables, leveraging on its ability to secure market segmentation and differentiation as well as expansionary plans.

Judging from their major shareholdings of COMFORT, the onus is on the board of directors to strive hard for the company success. They stand to win and lose more than the others.

Some assuring stabilisers can be found in the positions taken by two Eastspring Investment Trust Funds, namely Eastspring Investment Small-caps (1.84%) and Eastspring Investment Islamic Small-caps.(1.50%). Another is KWAP with holdings at 1.13%. RHB Capital holds 0.65%.

Additional surcharge to affect businesses from July 1: TNB
http://www.nst.com.my/node/385419
Will this impair revenue and increase operation cost?

康服手套 股價處於兩個月低水平
http://www.chinapress.com.my/20180629/%E5%BA%B7%E6%9C%8D%E6%89%8B%E5%A5%97-%E8%82%A1%E5%83%B9%E8%99%95%E6%96%BC%E5%85%A9%E5%80%8B%E6%9C%88%E4%BD%8E%E6%B0%B4%E5%B9%B3/

递延税拨备 销售成本升 康福手套首季净利挫28% http://www.enanyang.my/news/20180629/递延税拨备-销售成本升-康福手套首季净利挫28/ (Share from StockHunter)

smartinvestor2, then why are you here?

Comfort Gloves shares drop 6.6% on weak start to FY19
http://www.theedgemarkets.com/article/comfort-gloves-shares-drop-66-weak-start-fy19

2019财年开局疲弱 Comfort Gloves跌达6.6%
http://www.theedgemarkets.com/article/2019%E8%B4%A2%E5%B9%B4%E5%BC%80%E5%B1%80%E7%96%B2%E5%BC%B1-comfort-gloves%E8%B7%8C%E8%BE%BE66

Comfort Gloves 1Q profit falls on deferred tax, higher costs
http://www.theedgemarkets.com/article/comfort-gloves-1q-profit-falls-deferred-tax-higher-costs

Key points
1. Net profit fell 28% owing to
1.1 Provision for deferred tax of RM2.3 million.
1.2 Higher cost of sales and expenses.

2. Group's profit before tax down 4% year-on-year
2.1 RM9.7 million from RM10.1 million

3. Revenue rose 14% Y-O-Y
3.1 RM106.58 million from RM93.7 million.

4. Moving forward
4.1 Rising demand for nitrile gloves
4.2 Growth opportunities may be negated by
raw material prices and energy cost.

An Opportunity Arising from E-commerce, The Edge, 27 June 2018
ALCOM's industrial park project plans is a timely strategy. It is hoped that ALCOM will be able to leverage on the opportunity afforded by e-commerce.
http://www.klsescreener.com/v2/news/view/397309

@antidebt Thanks for your input.

Comfort Gloves Bhd is buying 38.92 acres Perak land for future expansion
http://www.theedgemarkets.com/article/comfort-gloves-buys-39acre-perak-land-future-expansion

BREAKING news. Comfort is buying a piece of vacant industrial land at 13.2 million for future expansion. Payment is to be done through internally-generated funds.

Bursa Announcement:
"On behalf of the Board of Directors of CGB, we wish to announce that CRGI, a wholly-owned subsidiary of CGB had on 22 June 2018 entered into a Sale and Purchase Agreement to acquire a piece of leasehold vacant land held under PN271977, Lot No. 312712, Mukim Sungai Terap, Daerah Kinta, Perak measuring approximately 157,500 sq. meters from NMSB for a total cash consideration of RM13,223,465.00."

@VFTRADER I'll help you to ask your questions (a) - (e). Good and pertinent questions.

I'm a Taiping resident and I'm attending the AGM. My house is about 5 minutes from the venue, Legend Inn Hotel.

Have some interest in Comfort stock recently. I purposely bought some token shares to get the right to attend the AGM. I want to understand the company firsthand.

Will increase my position pending my experience, observations and outcome of the AGM. Have read through the Annual Report.

Top Glove's Q3 profits surges 51pc to RM117.57m on higher glove demand
http://www.nst.com.my/node/381576

Will Comfort be able to ride on the higher global demand for gloves?

No cap on civil servants’ debt service ratio for mortgages — Bank Negara

http://www.theedgemarkets.com/article/no-cap-civil-servants-debt-service-ratio-mortgages-%E2%80%94-bank-negara

@ wajatimur
[ ALCOM for takeover by PMB ]
Unlikely. Extract of statement by PMB:
"Koon said Press Metal's acquisition target could be either downstream or upstream players, but unlikely ones that are local."

A link to the FDA Issues:
Comfort Gloves Bhd jumped 10.67% on ckarifying exports to US not affected.

http://www.theedgemarkets.com/article/comfort-gloves-active-jumps-1067-clarifying-exports-us-not-affected

@ivyong1966
Translation
Tan68, I still hold a positive outlook on ALCOM (AGB). The ALCOM Board of Directors are veterans in their field of expertise with rich experience in the trading business of aluminium. After the substantial cash repayment and rich dividend give out last year, ALCOM needs some time to reconfigure and reconstruct the business. Investors need to have patience for some time. This is only my personal view.
Tlpang68 yuan long I share a similar outlook on ALCOM.

Attend the coming AGM on 9th July to hear direct confirmation of the FDA issues and others. Put whatever doubts or queries one may have as questions to the board of directors. This is a more positive way than guessing or making predictive suppositions.

Hotsteel, Don't be a panic monger. Avoid making subjective comments without substantiated evidence.

1. "fda issue not settle. Tonnes of glove recall. Scary to hold this counter."
22/05/2018 20:13."

Read carefully Comfort company announcement on 6 April 2018

The Board of Directors of the Company wishes to clarify that on 15 March 2018, the Group’s wholly owned subsidiary, Comfort Rubber Gloves Industries Sdn. Bhd. (CRGISB) was listed under Import Alert of the U.S Food and Drug Administration (FDA). This has resulted in CRGISB examination glove shipments to the United States ("U.S.") requiring inspections upon arrival in the U.S and released after passing an inspection.#1 The Group is working towards removal from the Import Alert list through its U.S agents and is confident of securing the removal from the Import Alert list. The FDA Import Alert listing does not prevent the Group from exporting to U.S. #2 Upon removal from the Import Alert list, CRGISB examination glove shipments will no longer require inspection. Therefore, the operations of the Group have not been disrupted by this incident and is continuing in normal operation. #3

This announcement is dated 6 April 2018.

#1. " ... resulted in CRGISB examination glove shipments to the United States ("U.S.") requiring inspections upon arrival in the U.S and released after passing an inspection."

#2. "...does not prevent the Group from exporting to U.S."
Your comment: "Tonnes of glove recall" There is no basis for your comment.

#3. "...the operations of the Group have not been disrupted by this incident and is continuing in normal operation."

2. "sell before the next quarter result come out. it will crash you until you pengsan. Many containers being recall. You all not scared-kah ?
07/06/2018 20:52

Question:
1. Are you a fortune teller? You can forecast a crash?
2. Are you the company auditor or the Chief Financial Officer?
3. How come you are so sure of the next quarter result?
4. Where is the justification for your comment," many containers being recall?"
The Board of Directors announce that, " The FDA Import Alert listing does not prevent the Group from exporting to U.S.," and "...released after passing an inspection."

3. "faster run and cut loss. you will regret it if keep holding this counter.
19/06/2018 20:25

Question:
1. Are you trying to create panic to make others sell in fear so that you can buy cheap?

An objective way of understanding the viability of the company is to read its Annual Report 2018.

The Management Discussion and Analysis (AR 2018, p. 15-18) will tell us what the management is doing and gives us a good overview of the future company performance.

Another is the Financial Statements (AR 2018, p. 47-114) will reveal the financial health of the company. It will also tell us whether the company will be able to give us better dividends or not.

TAN68, 我还是看好ALCOM(AGB). ALCOM的董事他们都是老将, 他们有个方面的专业, 有丰富经验怎样处理ALCOM大事业. ALCOM通过资本回退后必须一点时间从新建固事业. 投资者必须忍耐一段时间. 这只不过我的看法而已.

Yes, I attended the meeting. The Board of Directors was flooded with many pungent questions. The Chairman, Datuk Chua had a busy time answering a long list of questions sent in by the minority shareholders group before the AGM. Besides that, other attendees also posed sharp dissective questions on the performance of the company.
To be cont'd.

I attended the AGM yesterday. The Board of Directors are quite professional in their approach of handling challenging questions.

They have clear directions for future growth and expansion as well as prudent strategies according to the dictates of the markets. ALCOM has unparalleled strength in specific market segments.

Patience is required for the plans to roll out and achieve its desired objectives. Only voted 2/3 as I had to rush over to Dorsett Hotel in Subang to attend Petron AGM.