Sigh ...

@ reime [ im screwwwwed up ]
Anything the matter? Don't despair.

@ Choolooi:
[ All said and done, I just took a nibble at rm 1.73 ]

I love this part, "...took a nibble at RM 1.73." I took several nibbles at strategic dips for the past few days. Ha, ha, ha.

Jefflim1234 timely reminds me of my slogan in the past two over months, "BELI, GOYANG KAKI, TUNGGU DUIT MARI," after due diligence.

If we view and analyse all recent happenings meticulously, the BOSS (maestro) has actually given us some implicit indications about Alcom. They are not worrying but comforting and reassuring.

Senior brother LPTan68's email today refreshes me with a different but interesting perspective. I shall share with you his views (translated from Chinese) tonight.

I know that the recent daily performance realities are defying what the conventional consensus of FA, TA, global market, common logic or public opinion says.

It's expected some may be exclaiming "how come this and how come that?" Some with thinning patience may have also uncontrollably resorted to subdued vulgarity albeit in abbreviated lettered version.

Mr Market is at times very efficient, at times very erratic, at times defying conventional expectations. Sometimes we seem to be able to read the market well. Sometimes we read too much of the market. Sometimes we read the market wrongly. Sometimes after all said and done, we are completely hapless.

I remembered quite clearly in an InvestSmart-sponsored Seminar where Affin Hwang Investment Bank Vice-President/ Head of Retail Research Datuk Dr Nazri Khan said succinctly, "We may say many things about the market. Nevertheless, the market is nothing but about psychology - psychology of traders, investors, market, etc.

Managing one's emotional intelligence is a vital virtue in the world of investing. An appropriate EQ determines clarity and strengthens the tenacity of one's purpose. It helps one in making optimal decision under challenging circumstances or situations.

Failure to manage our psychology of emotional intelligence well will result in we making deficit decisions which impact our investing interests. The secret is to maintain and sustain the right psychology to see through our objectives of investing.

I've done the necessary due diligence which supports my unwavering investing commitments.
I'm still resolute in my investing conviction. I'm still resolute in my investing philosophy: "The integrity of one's investing tenacity during adversity of market turbulence determines one's ultimate victory."

I'm happy to have the opportunity to buy some more Alcom assets this mid-morning.

Good day, all Alcomates.

Good morning, Jefflim1234, LPTan68, & all Alcomates.

Kennyku, never at all in my mind, doubt your discretionary judgment in your investing decisions.

I reminded you to take caution as REV's trading was highly engineered by syndicate hands. Within two days, extreme differences of 30 million shares and 6 millions were traded. Unless one can react ultra fast against the syndicate's hyperspeed organised trading, one can easily get trapped.

Kennyku, still struggling with money management in your investing?

We did remind you to be careful with REV?

Owing to disposals by some kind souls, I'm able to top up a little more today.

Just leveraging on the occasional dips of intraday trading to increase my positions.

What's the analysts' consensus for Bursa Malaysia today?

KLCI: Muted trading tone expected, but technology sector may still outperform

On the local front, stocks are likely to trade on a muted tone following the flattish move in the US. The KLCI could see limited upside around 1,775-1,780.

However, technology stocks which are oversold may still be under traders' radar as their uptrend is still intact after a recovery yesterday.

Trading Idea: ALCOM – Anticipation of Better 1QFY18 Results Amid Lower Metal Premiums
(Detailed edition with charts)

http://klse.i3investor.com/blogs/hleresearch/130021.jsp

K.v.Kim, good insight. The price adjustment is a natural order of things.

After giving out such hefty cash repayment, the company has to rationalize the balance sheet to reflect the latest status of accounts.

Don't forget the so-called adjustment of 32 sen has already been paid out to shareholders. What happens to the share price after the technical adjustment is subject to market mechanisms.

If Alcom's fundamentals are solid, and underpinned by favourable market cycles, the share price will rebounce to the level deems fit by the market.

What is the future upside for aluminum?
https://www.cnbc.com/2017/04/27/aluminum-set-to-rise-on-china-supply-side-reforms-goldman-sachs.html

ALCOM strongest segment is the supply of pre-coated finstock in air-conditioners. With the weather getting warmer throughout the world owing to climate change (global warming) there's an increasing demand for air-conditioners.

Air-Conditioner Manufacturing in China: Market Research Report
https://www.ibisworld.com/industry-trends/international/china-market-research-reports/manufacturing/electronic-machinery-equipment/air-conditioner-manufacturing.html

ALCOM is supplying to most of the leading manufacturer in the air-conditioner market across Asia and Europe and 65% of its products are being exported.

US Aluminum Demand to Reach 8.7 Million Metric Tons in 2021
https://www.bizjournals.com/prnewswire/press_releases/2017/06/16/DC19170

In this morning's trading brief, Hong Leong Investment Bank Research states the following:

Trading Idea - ALCOM
ALCOM: Anticipation of better 1QFY18 results amid lower metal premiums.

The 1QFY18 results are probably due next Tuesday, 25 August 2017. It is a potential catalyst to a big swing in Alcom's share price if the results turn out exactly as anticipated.

Under present scenario, barring any exceptional circumstances, all indicators be they fundamentals or technicals, are pointing to an affirmative upside for Alcom. Jefflim1234 mentioned about the "Golden Cross" lends further credence of an outperforming ALCOM.

I repeat, "The integrity of one's investing tenacity during adversity of market turbulence determines one's ultimate victory."

ALCOM offers us this rare opportunity, any wavering conviction means lost opportunity.

Good night.

KLCI: Sentiments turned positive; technology outperformed the market

Sentiments on the local front are likely to remain buoyant amid the positive performance on the overnight Wall Street. The FBM KLCI could trade towards the 1,775-1,780 zones over the near term. Also, the stocks within the technology sector should be able to recover higher after a sharp fall last week.

Trading Idea - ALCOM
ALCOM: Anticipation of better 1QFY18 results amid lower metal premiums

Status of ALCOM as at 9.51 a.m.
http://www.klsescreener.com/detail.php?code=2674

Good morning to all.
It's ALCOM GOLDEN PALACE TIME!
From Hong Leong Retail Research
*15-Aug-17*
*Stock on Radar - HLIB Retail Research*
*Trading Buy: ALCOM - 2674*
*(Last price: RM1.82, Potential upside +26.4%)*

*Company Profile*
• Aluminium Company of Malaysia Berhad is involved in the manufacture of aluminium sheets and foil products. ALCOM is supplying to most of the leading manufacturer in the air-conditioner market across Asia and Europe and 65% of its products are being exported.

*Trading Catalyst*
• ALCOM registered a PBT of RM15.8m in FY17 vs. RM2.9m in FY16 on the back of an increase of shipment volume in coated fin business (+41% yoy).
• The better PBT margin was helped by the lower metal premiums (Main Japanese Ports).
• Technicals are turning positive after the breakout of RM1.77 last week.

*Technical View*
• Resistance: RM1.93 / RM2.00 / RM2.30
• Support: RM1.75 / RM1.73
• Cut loss: RM1.70

*Key Financial Stats*
• FY17 EPS: 8.78sen (+540% yoy)
• Net cash: RM57m (23.3% of Market Cap)

*Source*: Bloomberg, HLIB
*DISCLAIMER:* https://www.hlebroking.com/v3/disclaimer.aspx

Positive news. Tomorrow will we see the markets normalize again judging from new fresh news.

Reuters:
http://www.theedgemarkets.com/article/world-shares-dollar-rise-after-week-nkoreadriven-losses

Bloomberg: Stocks Climb, Havens Fall as Korea Fears Subside: Markets Wrap
https://www.bloomberg.com/news/articles/2017-08-13/havens-strong-on-korea-tension-dollar-weak-on-cpi-markets-wrap

Good morning to all.
@Michaelwong, you need to build up your self-conviction and self-confidence in investing. Need to do away with the dependent "sifu" mindset. Please don't misconstrue this frankness as to rebuke you. We're all brothers here and we speak sincerely without pretensions. We want all here to grow and develop into foremost retail investors with professional attributes!

As a matter of fact, each time someone makes a comment here, I'm learning something new. It opens up another window of perspective for me to look at investing issues. All of us are learning together. We Alcomates pitch in our individual strengths in the form of knowledge & experience to share at this forum.

Jefflim1234 and the others here have contributed lots of valuable data and information here. Reading through latest threads and previous threads will reveal all the information you need to make correct investing decisions. However, one must properly digest the info, reflect, and analyse critically with common sense and reasoning logic.

Once you've done your due diligence and all the vitals like the FA & TA + current industry scenario + your investing stance (long or short term), the attractive cash repayment are solidly intact, what's there to worry?

Since the present global market is undergoing some uncertainties owing to geopolitical distractions like the North Korea and US war of rhetoric, the Middle East imbroglio between Qatar and its neighbors, the South China Sea issue as well as the India border spat with China, I would like to share a significant article which appears in the Edge Financial Daily today. This article will provide us an excellent understanding of the current global markets and their impact on our local Bursa Malaysia.

Markets not pricing in geopolitical tensions | http://www.klsescreener.com/v2/news/view/267675

What are we to do? Think about it. The enlightenment you have obtained from here will serve as good guiding wisdom and self-conviction in your investing experience and horizons.

Food for Thought for the day.
"Diversity balances our risk-rewards, but integrity of our tenacity during adversity determines our ultimate victory."

Good day and wishing all a tenacious victory admist winds of adversity. Ha, ha, ha.

In the sector of precious metals, one that glitters brilliantly is gold. But Alcom has shown it glitters in green despite the general market sentiment paints red for Bursa Malaysia and many regional markets.

Bloomberg carries the report caption:
Hong Kong investors rush for exit in biggest stock rout of 2017
http://www.thestar.com.my/business/business-news/2017/08/11/hong-kong-investors-rush-for-exit-in-biggest-stock-rout-of-2017/

https://www.bloomberg.com/news/articles/2017-08-08/aluminum-leaps-to-2-000-a-ton-as-china-deepens-capacity-cuts

Gcke has solved the riddle. Great job.

Jefflim1234, you hit the bull's eye. The truth is, the North Korean is not a mad cow; it's the mirror of the US maverick. The US had cruelly massacred NK Kim's people in the past Korean War. North Korea still has a balance sheet to settle with US - unpaid "receivables."
The problem with the efficiently sensitive Mr Market is that the present verbal rhetoric is enough to trigger market panic. Bursa Malaysia was generally red yesterday but Alcom was impressively GREEN.

There is more than meets the eyes. Do you know North Korea is actually sitting on a stockpile of minerals worth trillions ...

The world's number one bully, mass serial killer, US now in debts more than 23 trillions is leveraging on tension, instabilities and volatility to disrupt global financial and capital markets to serve it's interests.

http://uk.businessinsider.com/north-korea-stockpile-minerals-worth-trillions-2017-6?r=US&IR=T

SP0094701 ESOS is RCECAP's favourite weapon.

Michaelwong
[ On behalf of the Board, AmInvestment Bank wishes to announce that the High Court of Malaya at Kuala Lumpur has on 9 August 2017 granted a court order confirming the Capital Repayment pursuant to Section 116 of the Act (“Order”). The effective date of the Capital Repayment will be the date on which the sealed copy of the Order is lodged with the Registrar of Companies.

The entitlement date in respect of the Capital Repayment will be announced in due course.

This announcement is dated 9 August 2017.
09/08/2017 18:05 ]

Assuming that my intuitive hunch is accurate, and a confluence of corporate as well as market mechanisms synergize effectively, we are in for further brilliant surprises beyond our imagination!

Anyone wishes to attempt cracking this riddle? Ha, ha, ha.

[ newboy @Jefflim and others,,thanks for replying. Can help to explain a bit more why Capital Reduction is such a good news? i looked up google/youtube but the topic is too complex for me to understand.]

Newboy, it's a long story. Read through this circular to shareholders. It is the executive blueprint for the capital reduction and repayment exercise. It explains everything you need to know.

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

CAPITAL REDUCTION AND REPAYMENT - HIGH COURT APPROVAL OBTAINED
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5510917

ALUMINIUM COMPANY OF MALAYSIA BERHAD

Type Announcement
Subject OTHERS
Description ALUMINIUM COMPANY OF MALAYSIA BERHAD
("ALCOM" OR THE "COMPANY")

CAPITAL REDUCTION AND REPAYMENT OF UP TO APPROXIMATELY RM43.0 MILLION
("CAPITAL REPAYMENT")
Unless otherwise stated, all definitions used in this announcement shall carry the same meaning as defined in the announcement dated 12 April 2017 in relation to the Capital Repayment.

We refer to the announcements dated 12 April 2017, 30 May 2017, 22 June 2017, 28 June 2017 and 19 July 2017 in relation to the Capital Repayment.

On behalf of the Board, AmInvestment Bank wishes to announce that the High Court of Malaya at Kuala Lumpur has on 9 August 2017 granted a court order confirming the Capital Repayment pursuant to Section 116 of the Act (“Order”). The effective date of the Capital Repayment will be the date on which the sealed copy of the Order is lodged with the Registrar of Companies.

The entitlement date in respect of the Capital Repayment will be announced in due course.

This announcement is dated 9 August 2017.

Ding9007.
Check Alcom website
http://www.alcom.com.my/main/ir_contact.php

Check Bursa Malaysia Announcement
http://www.bursamalaysia.com/market/listed-companies/company-announcements/#/?category=all&sub_category=all&alphabetical=All&company=2674

Follow theedgemarkets.com

Good morning to all. Anyone at the Kuala Lumpur High Court today to follow the proceedings? Ha, ha, ha.
Don't worry. AmInvestBank is very efficient and experienced with cash repayment matters. They have successfully done it for RCECAP.

Free2invest : Just to share a previous thread.

In my view, the LBALUM management has done a great disservice to all loyal shareholders through management inefficiency and misstep in corporate strategy .
[ ... Profit lower mainly due to allocation of underprovision for deferred tax for FY'2016.]
Taking "underprovision," as meaning "to provide less than is necessary," it shows clearly the CFO and the BOD have seriously failed in their corporate responsibilities to the company and its shareholders.
Questions:
1. Why have the BOD failed to make adequate provisions?
2. If they've made adequate provisions for tax, would the company have to suffer such huge drop in profit despite having increased revenue and earnings before tax?
3. If the BOD has been efficient, would LBAlum have to suffer such a big impact of price drop?
4. If the BOD has been sensitive and appreciative of shareholders support, need shareholders be put under such unnecessary anxiety and anguish?
The point is:
LBAlum has all the necessary good conditions to achieve a really solid outperformance this quarter but failed disappointingly owing to inefficient management. Hoping the management will redeem themselves in the next quarter.
We cannot blame those who throw their shares in panic at unbelievable dipping lows. Different people have different investing goals or motives and different time horizons.
02/07/2017 15:41

[ tattvooi still weak...it's the lull before the storm?!Mummy,I'm scared T_T ]
The darker the night, the nearer the dawn.

Good morning to Jefflim1234, LPTan68, kennyku, The _Reds, forgot090, Md Abd Fahmi, zoomsbooms, Yip2880, nelsonchew, hoheho and all Alcomates.

One day before D-day is exciting. What's in store for all of us?

I attended a workshop @ Bursa organised by AmInvestBank in collaboration with Bursa Malaysia at Ipoh today from 9.00 a.m. - 1.00 p.m.

An interesting topic about trading in ETFs. ETF is still slow in Malaysia but very popular in the US. ETFs are diversified funds that trade like stocks, like a mutual fund, it's diversified. Done correctly, specific ETFs can be used as a hedge to protect the risks of our investment in equities.

Another topic about Malaysia 2H 2017 Outlook gave a generally favourable scenario with a few top stock picks. Among them, long-term investments like Luxchem, Paramount, My EG Services.

I have audio files and presentation slides for the two topics. Those Alcom members who have made requests previously for 25 Jewels Small Cap Stocks will be automatically sent the relevant links to Google Drive.

Have a joyful weekend and an exciting next week pending the High Court approval 9th August 2017 for the cash repayment exercise.

Keep sharing, encouraging and protecting each other and of course, BIG, BIG HUAT together. Cheerio! Again, ALCOM 万岁万岁万万岁.

Choolooi: Read the thread by Jefflim1234 on the rationale for the RNAV of 1.96 and you will notice how much discounted price we are getting. Great to see you making decisive investing commitments confidently and courageously based on the empowerment of correct information as well as precise interpretations of technical analysis.

Added further positions at 1.71 today.

Jefflim1234, you have become the new band master of Alcom. Ha, ha, ha.

choolooi. Our pleasure. "Between the four seas, all sincere Alcomates are brothers. We share info with each other, encourage each other, and of course, BIG HUAT together.

Kennyku, tread with caution.

I thought Friday is associated with four-letter word, "TGIF?" Ha, ha, ha.

nkotb88, naturally. The company balance sheet has to make appropriate adjustments to reflect the latest financial status quo after capital repayment. It is quite understable for you to think that you are losing "32 sen" per unit of your overall holdings. Don't forget the 32 sen per unit has already been paid out to you.

If you are long-term-term investor, there's no need to worry about the drop in share price as it is temporary. As long as the fundamentals of Alcom is still strong, the share price will rebound to the level as market deems fit.

The darker the night, the nearer the dawn. This is one enlightening piece of wisdom that perpetuates through the ages of global civilization. It still holds true till this day.

Good morning to all. Nice to note that Yip2880 has grown up in courageous confidence and investing tenacity to help encourage others who are gripped by anxiety.

Look forward to another interesting day at Alcom. Glad to encourage a good friend to buy into Alcom at 1.68 yesterday. Sharing is the joy of all joys. Still waiting keenly to add positions should opportunity avails.

Luckylee, I cannot eat your KFC dinner plate to make your stomach full or make your hunger go away. You have to eat the dinner plate yourself.

By the way, I'm no sifu. I've mentioned in earlier threads that I started investing in bursa since 2013. I'm still learning from Alcom forum, Investsmart Seminars, Bursa workshops, investment books, etc.

From my previous experience with RCECAP which implemented cash repayment, it is very rewarding. All the procedures involving the cash repayment went through without any hassle.

To buy or sell? You needn't ask me. The answer is already with you if you have done your homework of due diligence. The answer can be found in this Alcom forum. So much lengthy, guiding information is provided here.

As for me, I follow Bruce Lee's philosophy of, " simplicity is beauty." When people fear, I hold dear. To me, Alcom is as simple as, "Beli, Goyang Kaki, Tunggu Duit Mari."

[ Jim Ck Siong Positive matter
1) cap repayment 32cent per share... very attractive....
2) share price is dropping... purchase cost also reduced...
my concern
1) if 9/8 cap repayment x jadi... share price will drop dramatically? ]

My views only (not worth 2 sen)
IF my "if hypothesis" is overweight and I have 1001 reasons cash repayment tidak jadi, ALCOM is the last place I should be hanging around. My decision is as simple as ABC.

[ LPTan68 我们让时间证明一却 ]
LPTan68, 早上好. 别来无恙. 我喜欢这句~让时间证明一却.

zoomsbooms. Every time we make some comments, we are taking some calculated risks of being bombarded by others. It is unavoidable even if our comments are correct.

This is because different people have different motives in investing, different mindsets, different levels of maturity, etc. It is human tendency to externalize their disappointments or losses by pinning blame on others.

Some people whom I find disgusting are those who maliciously create doubts and negative noises with the ill intention of capitalizing on buying shares at low prices.

[ forgot090 ermmmm LPTan68sifu ..yuanlong bro Where are you?
many day never hear from .......]
Forgot090, thanks for your concern. For your information, I'm at Alcom forum every morning, afternoon, evening and beyond midnight. (LPTan68 knows me well) I'm following the forum daily though I don't make any comments.

[ Jefflim1234 Prices r dropping bcos of speculators having to dispose of their purchase when T + 2, 3, 4 is up. Some dispose earlier due to fear etc...etc. Others r weak holders who disposes due to emotional fear, etc etc... This however will give a chance for TRUE INVESTORS to buy the shares at great value!!!! ]
Now is the time. When other people FEAR, you hold DEAR. Simple as that. Ha, ha, ha.

Good morning, Jefflim1234, LPTan68, kennyku, The_Reds, forgot090, Md Abd Fahmi, zoomsbooms, Yip2880, nelsonchew, hoheho and all.
The ultimate decisive day for the capital repayment is so near yet so far. It's about eight days from today to secure the High Court's sanction to validate the cash repayment. Some of us may feel weary and anxious.

Zoomsbooms. Spot on. To be exact, the proposed final special single tier dividend of 20.5 sen per share was officially made on 9 May 2017. Relying on my successful experience with RCECAP which implemented a similar capital repayment and share consolidation, I bought into Alcom at 1.10 only. Comparatively, what Alcom offers is 4.7 times more than what I've got from RCECAP. To me, after much considerations the whole proposal is as simple as "beli, goyang kaki, tunggu duit mari." When the capital repayment is being announced on 31 May 2017, more people come to know about Alcom's proposals, its price starts to fly high.

In the "early days" of Alcom's proposals, there were very few members participating in the forum. LPTan68 and I are practically speaking to each other until Jefflim1234 came into the scene. Since then, the forum atmosphere has become boisterous and active with more people coming in. By the time Alcom gained strong momentum I've at one point of time made handsome profits (since I collected early @'1.10), big enough to cover both special dividend and cash repayment plus profits even before ex-date.

Remember, the darker the night, the nearer the dawn. Don't forget that the finest victory is the final, ultimate victory.

Good morning to all.

Why must people have such complicated minds to win big in investment?

Good morning, Jefflim1234, LPTan68, kennyku, The_Reds, forgot090, Md Abd Fahmi, zoomsbooms, Yip2880, nelsonchew and all.