Looking forward to attend the AGM.

AGM on 9th June 2018. An opportunity to"interrogate" the management.

ivyong1966
The Annual Report is out. Perhaps you read the Management Analysis and the financial report to make a well-informed decision. Every individual has different time horizons.

Final Dividend

The Board of Directors of RCE is pleased to propose a final single-tier dividend of 4.0 sen per ordinary share in respect of the financial year ended 31 March 2018, subject to the approval of the shareholders at the forthcoming Sixty-Fourth Annual General Meeting of RCE.

The entitlement date and date of payment in respect of the aforesaid final dividend will be determined and announced in due course.


Dividend Guidance

The Board of Directors of RCE also wishes to announce that the Company has adopted a dividend payout ratio of within a range of 20% to 40% of its consolidated profit after tax for financial year ending 31 March 2019 onwards as a Dividend Guidance, provided that such distribution will not be detrimental to the Company’s cash flow requirements.

In considering the dividend payments, the Company will take into account various factors including:-

(1) the Group’s financial performance;

(2) the level of the Group’s available cash and cash equivalents;

(3) the projected level of working capital, capital expenditure and any other investment plans; and

(4) satisfactory cash flow solvency test.

The Board will re-evaluate and review the Dividend Guidance on an on-going basis, taking into consideration of the Group’s financial position, regulatory environment and business prospects.

This announcement is dated 28 May 2018.

Press Metal Aluminium Holdings Bhd’s net profit rose 4%, year-on-year, to RM192.56mil in the first quarter ended March 31, 2018, as higher aluminium prices boosted its revenue.

https://www.thestar.com.my/business/business-news/2018/05/18/press-metals-profit-boosted-by-higher-aluminium-prices/#cHAP8ivFv4O6zlm5.41

Market anxiety should diminish once cabinet line-up is unveiled
http://www.theborneopost.com/2018/05/14/market-anxiety-should-diminish-once-cabinet-line-up-is-unveiled/

Positive expectations remain intact for FBM Small Cap Index, says RHB Retail Research

http://www.theedgemarkets.com/article/positive-expectations-remain-intact-fbm-small-cap-index-says-rhb-retail-research#.Wvk7zxyF-gM.whatsapp

@Bystander123 Appreciate your commitment to the forum.

HLEBroking in morning brief:
Bursa Malaysia: Tracking the regional performance as well as the rally in selected commodities (oil and aluminium), the FBM KLCI surged towards the all-time-high zone to end at 1,895.18 pts (+0.84%). Most of the O&G (Sapura Energy and Hibiscus) and aluminium-related (Press Metal and Alcom) stocks were traded actively higher.

KLCI outlook: Traders on the local front could turn on the profit taking mode as the FBM KLCI is trading near the all-time-high zone. We expect the selling spell could emerge selectively within the small cap and lower liners as well amid overbought signals. Nevertheless, we see commodities related (oil and aluminium) stocks are likely to trend higher.

No wonder people say there's a silver lining in the clouds of the trade war sentiments.

Goldman Sachs: Rusal shock may drive aluminium to US$3,000
Read more at https://www.thestar.com.my/business/business-news/2018/04/19/goldman-sachs-rusal-shock-may-drive-aluminium-to-us3000/#7BKSA81FxbwIvaD4.99

MAA Group aborts plan to invest in Russian oil producer
http://www.theedgemarkets.com/article/maa-group-aborts-plan-invest-russian-oil-producer

You've a point. Hence, efficiency and prudence of management in striking a healthy balance is highly essential.

Aluminum sanctions convulse market as rally to US$3,000 forecast
Read more at https://www.thestar.com.my/business/business-news/2018/04/17/aluminum-sanctions-convulse-market-as-rally-to-us$3000-forecast/#GzeLLex55YUOiBpR.99

Michael Yeo
With KLSE Screener apk as reference, the RSI (14): 96.03 is almost at bursting point.

Better late than never. I went in at 18.10. Since then it went up till all-time high of 20.20.
Drinking stock like Carlsberg don't get drunk despite market volatility, only drinkers do. LOL.

ihoncoko123. You are entitled to your view. Please don't put words into my mouth. I don't make claim to anything. Do read carefully, "... Barring cautious sentiment or unforeseen circumstances..." I wonder how would you respond if things turned out positively?

US is testing the patience of world markets including Malaysia. Is this news a dampener or catalyst? Let's see how the market responds.

Gary Cohn resigns as Trump's top economic advisor - https://www.cnbc.com/2018/03/06/gary-cohn-plans-to-resign-as-trumps-top-economic-advisor-new-york-times.html

2nd day since market rebound yesterday. Should see higher price movement today. Buying volumes higher than selling volumes ranging from 0.715 to 0.745 except 0.725.

Yesterday's RSI (14) 70.71 showed some formidable strength. If indication is valid, buying power is in strong demand. Hence, there should be some excitement in ascending price movement today.

Barring cautious sentiment or unforeseen circumstances, it could possibly take off from yesterday's close at 0.705 through 0.745 and beyond.

Hopefully it can break the 52-week high of 0.880 on 2 March with trading volume of 34,571,200.

Market sentiment should ease down a bit today.

U.S. stocks turned higher and Treasuries trimmed gains as investors speculated that President Donald Trump’s tough tariff talk won’t translate into the most severe protectionist policies.

https://www.bloomberg.com/news/articles/2018-03-04/asia-equity-traders-face-mixed-start-euro-climbs-markets-wrap

Shares in steel related companies came under pressure on Friday after President Donald Trump said the US will implement tariffs on steel and aluminium imports next week.
http://www.klsescreener.com/v2/news/view/348885

Yum seng, FPI. Dividend 8 sen.

Hah, same problem over here. In Carlsberg counter, forum members discussed oil counters.

This is funny. A yum seng counter but so much talk on oil counters?

Tlpang68, 好久没有听到你说说话。我还好，谢谢。我预测业绩会好的。

Could the positive volume today be related to a favourable incoming 3rd Quarterly report? The leaves of a tree don't move without reason. The big player has probably decided that it's time to move Alcom.

Bystander123
My standing ovation for all your efforts in one-man standing courageously in lifting high the lofty flag of ALCOM in trying and testing times.

The warm encouragement through your detailed and rational analyses is superb and highly commendable. Keep it up! Thanks.

The revamped management is efficient. Showing results and making shareholders happy.

It's probably today or next week.

@gcke, the_reds. I deeply appreciate both of your loyal and passionate anchoring of the Alcom Forum during the low key period after the corporate exercises of special dividend and capital repayment have been completed.

The recent disposals and acquisitions of shares among big shareholders are positive common developments. It points to some people monetizing their assets while the others buy on the confidence of Alcom's future exponential growth.

These leaders of the corporate world, with their longstanding experience and rich reserves of capital leverage at their disposal, definitely know what they are doing. Who are we, as small retail investors to determine on the outcome of their transactions?

We can only do our best to position ourselves in the best possible way to take advantage of the progressive stages of market cycles to scoop whatever earnings we can according to our respective investing time horizons of short or long-term.

I think gcke has explained at length on the possible scenarios of the recent disposals and acquisitions of Alcom shares by the various parties.He has indeed shared fascinating insight on their visible impact in relation to Alcom.

@jefflim1234, Tlpang68. My warm greetings. Yes, as you have said, as a hardcore investor of Alcom, why would I want to desert Alcom and my ALCOM 好兄弟? ALCOM is my biggest benefactor YTD besides RCECAP in second place.

Although I don't make comments as actively as I used to, clicking at my favourite shortcut to Alcom website has become a daily routine just like having a cup of Nescafe during breakfast. I still track the Alcom page and read its contents consisting a mix of doubts, hopes, uncertainties, scorn and sarcasm.

I still believe that TIME is the best judge. As I commented in Facebook China Global 888 regarding the dynamic rise of China recently, "the times make the hero." 时世造英雄。As long as the fundamentals of Alcom are still intact, the management is effficient, the market demand is supportive, and barring any exceptionally unforeseen circumstances beyond control, Alcom will still shine as a hero.

In his book, "The Equilibrium - Training the Money Mindset (2nd ed.2017), Kenneth Kam, a highly successful Singaporean forex trader asserted, "Master Your Mind and You'll Master Your Destiny." He also stressed that from a long-term perspective, the fundamentals can significantly determine the exponential performance of a stock.

I couldn't have agreed more. Ever since I have bought into Alcom in April 2017 until to date, my conviction on Alcom is still steadfast.

Whatever that is happening now are the inevitable phenomena of global and local market sentiments as well as the inherent stages of market cycle which Alcom has to go through after recent major corporate exercises.

Lastly, not to forget to extend my sincere regards to the rest of Alcom members. May all continue to be victorious in your investing ventures.

Any indicators pointing to a shining QR?

Tlpang68, yesterday my bank account became 大赢家 with fresh deposits of RMXxxxx..... Things turn out exactly the way I have forecasted.

After this, I move over to LBAlum where I have some positions there. There is some harvest to collect.

There is an unexpected bonanza for me at OSK where there is 2.5 sen dividend and 1:2 bonus issue. I have big positions in OSK.

World aluminium price is still strong.
https://m.investing.com/commodities/aluminum

Choolooi, so poetic mood after capital repayment.

hng33 has his ways. Don't worry.

RCE CAPITAL BERHAD (9296.KL) Reaches Active Mover List

Shares of RCE CAPITAL BERHAD (9296.KL) have seen the needle move -1.81% or -0.03 in the most recent session. The BM listed company saw a recent bid of $1.63 on 385200 volume.

Stock market investors typically have to deal with the risk element when making decisions about specific holdings. There will always be a trade-off between risk and reward, and this is quite evident in the equity market. In general, the more that someone is willing to risk, the higher the potential gains. Investors might need to be willing to identify their risk levels before attempting to jump into the fray. Some investors will choose to play it safe while others will opt to swing for the fences. Managing risk becomes increasingly more important when economic conditions are cloudy. Accumulating the most amount of understanding and relevant information about a company may be a good place to start. Studying a company’s position in the current market may help with understanding how the company has set themselves up for future growth.

Digging deeper into the RCE CAPITAL BERHAD (9296.KL) ‘s technical indicators, we note that the Williams Percent Range or 14 day Williams %R currently sits at -100.00. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

RCE CAPITAL BERHAD (9296.KL) currently has a 14-day Commodity Channel Index (CCI) of -105.69. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

Currently, the 14-day ADX for RCE CAPITAL BERHAD (9296.KL) is sitting at 14.81. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSI for RCE CAPITAL BERHAD is currently at 40.88, the 7-day stands at 35.08, and the 3-day is sitting at 20.13.

https://bentonbulletin.com/rce-capital-berhad-9296-kl-reaches-active-mover-list/154437/

ALUMINIUM COMPANY OF MALAYSIA BERHAD (2674.KL): Tracking the Indicators
SEP 8, 2017 Financial News Staff

The SuperTrend signal is currently higher than the stock price for ALUMINIUM COMPANY OF MALAYSIA BERHAD (2674.KL). Active traders may be closely tracking the action to see if the indicator position is pointing to shares entering the buy category.

Traders are taking a second look at how shares of ALUMINIUM COMPANY OF MALAYSIA BERHAD (2674.KL) have been performing lately. A favorite tool among technical stock analysts is the moving average. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. Moving averages can be very useful for identifying peaks and troughs. They may also be used to help the trader figure out proper support and resistance levels for the stock. Currently, the 200-day MA is sitting at 1.27, and the 50-day is 1.67.

ALUMINIUM COMPANY OF MALAYSIA BERHAD (2674.KL) currently has a 14-day Commodity Channel Index (CCI) of -50.08. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

Traders may be narrowing in on the ATR or Average True Range indicator when reviewing technicals. At the time of writing, ALUMINIUM COMPANY OF MALAYSIA BERHAD (2674.KL) has a 14-day ATR of 0.08. The average true range indicator was created by J. Welles Wilder in order to measure volatility. The ATR may assist traders with figuring out the strength of a breakout or reversal in price. It is important to note that the ATR was not designed to determine price direction or to predict future prices.

We can also take a look at the Average Directional Index or ADX of the stock. For traders looking to capitalize on trends, the ADX may be an essential technical tool. The ADX is used to measure trend strength. ADX calculations are made based on the moving average price range expansion over a specified amount of time. ADX is charted as a line with values ranging from 0 to 100. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. The 14-day ADX presently sits at 34.85. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend.

ALUMINIUM COMPANY OF MALAYSIA BERHAD (2674.KL)’s Williams Percent Range or 14 day Williams %R presently is at -80.30. In general, if the reading goes above -20, the stock may be considered to be overbought. Alternately, if the indicator goes under -80, this may show the stock as being oversold.

https://finnewsreview.com/aluminium-company-of-malaysia-berhad-2674-kl-tracking-the-indicators/

Yes, it seems IRB is going extreme high gear to generate more RM for government coffers.

Hopefully, this coming QR the management doesn't make the same foolish mistake of "underprovision for deferred tax," which easily negate any good performance from high revenue and profit to net loss.

@KLCI King, Is it something like, "Crouching tiger, hidden Dragon?" Ha, ha, ha.

@ gcke. Deeply appreciate your sincere and committed efforts to share technical analysis and forum-affirming write-ups to soothe and ease Alcomates sentiment during times of trials and tribulations. My humble bow of respect.

From the content of your views and comments, I can sense your intrinsic nature of goodness and your virtuous magnanimity of sharing through detailed information and differentiated analysis.

I could find no single shred of emotive or crude verbal outburst except for very self-composed but objective and rational handling of the issues at hand with relevant substantiation.

Excellent job, well done.

Another good learning point for me.

Hong Leong Investment Bank in its trader's brief today has the following:

KLCI: Still in cautious tone amid lingering North Korea concerns

With the escalation and ongoing concerns related to North Korea missile and nuclear tests, investors may reduce exposure in equities for safe haven assets over the near term.

Also, traders could be monitoring the potential hit of another hurricane, Irma near the southern United States this week following Harvey, which has caused damages in the range of billions.

Similarly, tracking the negative tone on Wall Street, we may expect spillover of jittery sentiments on our local bourse.

Investors are likely to stay cautious and trade within defensive sectors such as sectors with higher dividend yield and gold-related stocks such as Tomei and Poh Kong.

Meanwhile, the KLCI's upside is likely to be capped around 1,780-1,790.

Whether we like it or not, we have to be psychologically prepared for this scenario of the global market. There's always a spillover effect of global market sentiments upon the local bourse.

No cause for big worries. All happenings are part of the global geopolitical games.

Read the news from non-US sources:

The Eastern Economic Forum
http://theduran.com/north-korean-delegation-arrives/

As long as the 2 Koreas meet up with dialogue, there is a great chance of melting down the geopolitical tension and subsequently ease down market turmoil.

Perhaps you may also want to learn something about political insidiousness of the powers that-be which indirectly impact the global markets.

Watch the movie. "White House Down" (2013) and you will understand why vested parties are all for war!

No cause for big worries. All happenings are part of the global geopolitical games.

Read the news from non-US sources:

The Eastern Economic Forum
http://theduran.com/north-korean-delegation-arrives/

As long as the 2 Koreas meet up with dialogue, there is a great chance of melting down the geopolitical tension and subsequently ease down market turmoil.

I don't think it's economically feasible for North Korea to continue testing missiles. The missiles are not paper missiles. They incur high costs which take big bites into the GDP.

With economic sanctions imposed upon North Korea, and particularly import cuts by China, it's not sustainable for North Korea in the long run. North Korea will collapse.

By Robert Brand, Bloomberg
September 4, 2017, 6:41 AM GMT+8
September 4, 2017, 9:50 PM GMT+8

Swiss franc and yen rise with gold; euro gains as yields fall

Investors Turn to Haven Assets on N. Korea Tension
Stocks fell and gold and the yen climbed as geopolitical tensions flared up again, with U.S. President Donald Trump weighing new economic sanctions that could target China after a nuclear test Sunday by North Korea. The dollar dropped for a third day.

Will this geopolitical development gives us an idea of what the market will be like tomorrow?

@azmi8800 : Please read the relevant circular concerning the capital repayment.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5446589

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5513481

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5525693

@azmi8800 : Please read the relevant circular concerning the capital repayment.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5446589

But, LBAlum must also break new high! Then only it's meaningful. Please don't come again with "underprovision for deferred taxes!" and incur unnecessary loss. Ha, ha, ha.

But Alcom Forum is still open on Monday. Ha, ha, ha.

Good morning to all Alcomates.
Happy Independence Day, Malaysia.

@ Jefflim1234
[ Jefflim1234 Took a small bite at a pie tis morning at 1.25 as WB says " Be greedy when others r fearful .........."
30/08/2017 11:06 ]

I added further positions at Alcom in the dying minutes of the afternoon trading session yesterday. I was slightly lucky than you to get at 1.24.

How I wished I could get such highly discounted price at 1.24 earlier on before ex-date of capital repayment!

Nevertheless, I didn't regret as I'm thankful for the good blessings to have the opportunity to continue buying Alcom at such discounted price.

I had anticipated that the North Korea-US and India-China Donglang border geopolitical tensions would cause some constipation in the market.

I knew at near term funds would flow into safe haven. I had anticipated that very soon the market would price in such fear and normalised back again.

My RHB Gold & General Fund (unit trust) performed brilliantly together with my ETF-traded gold, giving me fresh leverage to buy Alcom.

As I mentioned in earlier threads before, diversification helps to balance spread out our risk-reward ratio in our investing portfolio.

One of them, I chose gold investment as it has inverse correlation to equities.

When the equity market constipated owing to geopolitical tension, capital funds would flow into safe haven assets like gold.

Monetizing my gold investment allows additional cash flow to allow me to go for bottom fishing when opportunity arises.

In the Edge Malaysia, Aug 28 - Sept 3, 2017, page 14 - Corporate (Investing) "Rethink Volatility = Risk," Tong Kooi Kong wrote an incisive article saying that the textbook understanding of, "The more volatile the stock is and hence, the higher the risks," is far from the complete truth.

"For the investor, there are more pertinent risk factors such as those concerning governance, earnings and profitability, the ability to service short and long term obligations and so on."

"In other words, risks should be a function of the underlying fundamentals of the company (The cause) not the volatility of the stock price itself, which is the effect of the other."

Tong summarised that smaller caps do display greater price volatility compared with their larger peers, especially in the short term.

He went on to stress that if an investor is going to buy these stocks, he has to make sure they are fundamentally sound and be prepared to stay longer term.

As long as the investor is not leveraged, stock price volatility is inconsequential to him, except for opportunity costs, Tong added.

How does this information help me to rationalize the present situation in Alcom? Some self reflections and review is needed. Ha, ha, ha.

[ The_Reds whoever sell at the price as low as 1.24 must be too desperate...maybe they cash out for merdeka celebration :P
30/08/2017 09:59 ]

@ The_Reds Thanks to some desperate souls probably cashing out, I wouldn't have the opportunity to top up Alcom at such discounted price.

Now do you agree there is opportunity in adversity? Someone's adversity becomes your opportunity and vice versa.

I remember vaguely something like "Investing is the transfer of capital assets from the impatient to the patient."

Spiderman's uncle advised him, "Great power comes with great responsibility."

Borrowing this tagline, for the investor, "Great volatility and uncertainty, comes great adversity with hope for opportunity."

I started this 'Merdeka narrative special' about 2.00 a.m. dozed off until 5.15 a.m. scripted a few lines ... slept again.. woke up 9.15 a.m. to put the final closure.

My smartphone lying by my side, battery power draining from 100% to 63%.

MERDEKA to all.

But it took them such a long time to serve Notice of Closure!