(1) Do you have some understanding that old high for this stock? ----?
(1.1) This stock old high was RM 2.32 done on 29 June 2017, From previous analysis, From 30 May 2017, At RM 1.35,
(1.2)With 20 trading days, from 30 May 2017 /RM 1.35 to 29 June 2017/RM 2.32,
Share prices movements in technical chart, can behave in their previous manner, can Alcom /2674 follow up on her previous technical pattern, (a) 4 trading days resting = from 2 June 2017 to 7 June 2017 (RM 1.54 to RM 1.61)
(b) 3 trading days resting = from 13 June 2017 to 15 June 2017 (RM 1.75 to RM 1.85)
(c) 4 trading days resting = from 19 June 2017 to 22 June 2017 (RM 1.91 to RM 2.08)
(d) 3 training days onwards from 23 June 2017 to 29 June 2017 Reaching the old high RM 2.32
========================================= Remarks
Can history repeat itself, Time will tell, more important it needs to reach RM 1.59/ R 2 ======================================+=====
For those investors who can wait, the next target, mid term RM 1.50,
New catalyst, on the likely " merger + acquisition" theme by the king of aluminium - Press Metal /8869 PMB Technology Bhd /7172
PMB Technology Bhd is the official sub contractor in building the exterior facade, claddings, wall curtains for Marina Bay Sands Hotel +Resort, 10, Bayfront Avenue, Singapore 018956
Alcom Bhd /2674 is the official sub contractor in building the exterior facade, claddings, curtain walls for Petronas Twin Towers, Kuala Lumpur City Centre, Jalan Ampang, Kuala Lumpur
Both are reputable aluminum facade, claddings, wall curtains panels, Manufacturers having its in house plants,
Using their in house technology in using the aluminium composite materials / ACM, these materials are distinguished by their unique features, it's lightweight, yet high rigidity qualities, excellent flatness and more importantly long lasting - coating qualities are just the construction industry required?
For your better understanding, every week, Monday, Wednesday, Friday, there were 3 units x 40 footer long conventional lorries from PMB Technology Berhad, Balakong, Selangor to Marina Bay Sands , Singapore for one whole year of 2010, meaning 156 units of 40 footer types of long lorries, just imagine the huge load of aluminium facades and claddings, wall curtains panels, were commissioned in the Marina Bay Sands Hotel + Resort, Singapore
Now, you can understand their business similarity, two of a kind, a twin?
Can it be a real winner for Alcom /2674, when the target company on takeover company will offer the premium especially in driving up the stock prices.
See_research, i must say this, your projections and analysis on Alcom is damn awesome I do think your mid term projection may come true. This sector is in play and 1.50 should not be an issue. Tks a million.
(1) Do you have some understanding or rather done deep researches on old high for this stock? ----?
(1.1) This stock old high was RM 2.32 done on 29 June 2017, From previous analysis, From 30 May 2017, At RM 1.35,
(1.2)With 20 trading days, from 30 May 2017 /RM 1.35 to 29 June 2017/RM 2.32,
Share prices movements in technical chart, can behave in their previous manner, can Alcom /2674 follow up on her previous technical pattern, (a) 4 trading days resting = from 2 June 2017 to 7 June 2017 (RM 1.54 to RM 1.61)
(b) 3 trading days resting = from 13 June 2017 to 15 June 2017 (RM 1.75 to RM 1.85)
(c) 4 trading days resting = from 19 June 2017 to 22 June 2017 (RM 1.91 to RM 2.08)
(d) 3 trading days onwards from 23 June 2017 to 29 June 2017 Reaching the old high RM 2.32
========================================= Remarks
Can history repeat itself, Time will tell, more important it needs to reach RM 1.59/ R 2 ======================================+=====
For those investors who can wait, the next target, mid term RM 1.50,
New catalyst, on the likely " merger + acquisition" theme by the king of aluminium - Press Metal /8869 PMB Technology Bhd /7172
PMB Technology Bhd is the official sub contractor in building the exterior facade, claddings, wall curtains for Marina Bay Sands Hotel +Resort, 10, Bayfront Avenue, Singapore 018956
Alcom Bhd /2674 is the official sub contractor in building the exterior facade, claddings, curtain walls for Petronas Twin Towers, Kuala Lumpur City Centre, Jalan Ampang, Kuala Lumpur
Both are reputable aluminum facade, claddings, wall curtains panels, Manufacturers having its in house plants,
Using their in house technology in using the aluminium composite materials / ACM, these materials are distinguished by their unique features, it's lightweight, yet high rigidity qualities, excellent flatness and more importantly long lasting - coating qualities are just the construction industry required?
For your better understanding, every week, Monday, Wednesday, Friday, there were 3 units x 40 footer long conventional lorries from PMB Technology Berhad, Balakong, Selangor to Marina Bay Sands , Singapore for one whole year of 2010, meaning 156 units of 40 footer types of long lorries, just imagine the huge load of aluminium facades and claddings, wall curtains panels, were commissioned in the Marina Bay Sands Hotel + Resort, Singapore
Now, you can understand their business similarity, two of a kind, a twin?
Can it be a real winner for Alcom /2674, when the target company on takeover company will offer the premium especially in driving up the stock prices. 14/04/2021 7:05 P
For 12.30pm, 15 April 2021, ============================================ Any investors, search on the biggest gainer list by price, the number 1 biggest gainer is Press Metal /8869 Closed RM 10.60 (+RM 0.58)
REMARKS CREATED NEW HISTORICAL HIGH RM 10.62
(a) The main catalyst of this aluminum KING is prudence management on practical business affairs, building good working relationships with main customers, high quality connections through respectful engagement, considering many different factors in final business decision - making, effective communication with stakeholders skills, developing new workable ideas to solve customers ' problems, building trust factor within the team, Most importantly, the main leader is an extremely talented leader in the whole organization, Tan Sri Dato' Koon Poh Kong/ Paul Well assisted by the Koon brothers (i) Koon Poh Ming (ii) Dato Koon Poh Tat (iii) Koon Poh Weng (known for business on the ground /street smart) (iv) Koon Poh Kong
(b) The second catalyst is the coming bonus issue, that excites the investors interest. On the basis of one bonus share for one existing share held on 5.00 pm, 20 April 2021. ========================================= Founded in 1986, started as a local aluminum extrusion company, follow by 30 years of continuous growth and expansion, today Press Metal is a global, integrated aluminum producer with the largest presence in South East Asia, products serve many industries throughout the wide world, with wide ranges of top automotive, aviation companies that are leading technology giants.
==========================================
Vision The beliefs are in our guiding principles of Business Acumen, Quality Excellence, Global Outlook, Focused Teamwork Social Responsibility
Continuous improvement in Expansion
Remarks Will not be surprise that Press Metal is look on the current favorable situations in the Malaysian scene, not excluding some attractive KLSE listed companies, Example : Alcom /2674 that have similar business profiles that can enhance and add value on its continuous expansion programs.
To :Mikecyc ========================================= Remarks After all, at least you are not a politician, turning here and turning there, finally jump here and there - - just like frogs from the not so far away land, from North Borneo, or rather nearby in our land.
Can learn to follow and really, many look up to " yongyong88" for his immediate acknowledgement on his error, we are human, including myself also made numerous errors in my life. Also, after discovering the truth, not shy to admit, with conclusive evidence, and repent, by not doing repeatedly again
Mikecyc, are you a man or a man wearing skirt? .
Be a man, if and when you have done something wrong, stand up for it, upon the understanding a person has done wrong, can learn to extend your apology, can learn from others who are your good friends, if not, learn from yongyong88, perhaps, some hands will be extended to you.
In your financial assets vs liabilities analysis, you have omitted PPE of 72M and inventories of 213.9M. Those need to be added to the assets in order to present a complete picture.
The debt to equity ratio is not really a big concern (try computing D/E ratio for Press Metal). The increase in loans and borrowings matched the increase in inventories. And with rising aluminium prices, the value in inventories and subsequent sales will also increase. In addition, the banks would have done their credit analysis to assess the risk.
Mike, Pity PA no bank dare to lend money to PA and PA need to do PP at a discount.
Some company no bank want to lend them the money hence PP with 20% discount and still not fully subscribe to raise cash of a mere RM 16.9 million. What a pathetic company.
Resolution Vote in favour Vote Against Results No. of Shares % No. of Shares % Ordinary Resolution 1 - Proposed Private Placement of up to 525,529,762 new Ordinary Shares in P.A. Resources Berhad ("PARB") ("Placement Share(s)") representing up to 20% of the total number of Issued Shares of PARB. 522,057,180 100.000000 0 0.000000 Carried Ordinary Resolution 2 - Proposed Subscriptions of an aggregate of 88,891,000 Placement Shares at an Issue Price of RM0.045 per Placement Share by Datuk Seri Lau Kuan Kam, Wang Sze Yao @ Wang Ming Way and Hoe Thiam Soon, collectively, to be satisfied entirely via cash. 522,057,180 100.000000 0 0.000000 Carried
21:STATUS OF CORPORATE PROPOSALS On 21 Jun 2019, the Company proposed to undertake a Private Placement of up to 20% of the total number of issue share of PARB to third party Investor(s). A total of 374.1m placement shares with a value of MYR16.9m were issued pursuant to the said proposal. This exercise was completed on 02nd December 2019.
Utilisation of proceeds Proposed Utilisation: Actual Utilisation Capital expenditure: 8,350,000: 4,392,000 Working Capital: 8,334,000: 12,370,000 Estimated expenses: 150,000: 150,000
Without access to cheap bank funding, PA Resources have failed to build up inventories and consequently will be at mercy of sharp aluminium price increases and margins will be squeezed.
Alcom PA NTA 0.92 0.13 PTBV 1.28 3.93 Inventories 213.9M 23.3M Revenue 316M 200M Market Cap 158.5M 614M
The key indicators are showing that Alcom is in a superior position for either recovery or aluminium plays.
Longer term, either Alcom will move up to 3.66 per share or PA will drop to 0.16 per share
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
SEE_Research
4,673 posts
Posted by SEE_Research > 2021-04-14 19:05 | Report Abuse
Alcom /2674
===========================================
(1) Do you have some understanding that
old high for this stock?
----?
(1.1) This stock old high was RM 2.32 done on
29 June 2017,
From previous analysis,
From 30 May 2017,
At RM 1.35,
(1.2)With 20 trading days,
from 30 May 2017 /RM 1.35 to
29 June 2017/RM 2.32,
Share prices movements in technical chart,
can behave in their previous manner,
can Alcom /2674 follow up on her previous technical pattern,
(a) 4 trading days resting =
from 2 June 2017 to 7 June 2017
(RM 1.54 to RM 1.61)
(b) 3 trading days resting =
from 13 June 2017 to 15 June 2017
(RM 1.75 to RM 1.85)
(c) 4 trading days resting =
from 19 June 2017 to 22 June 2017
(RM 1.91 to RM 2.08)
(d) 3 training days onwards
from 23 June 2017 to 29 June 2017
Reaching the old high RM 2.32
=========================================
Remarks
Can history repeat itself,
Time will tell, more important it needs to reach
RM 1.59/ R 2
======================================+=====
For those investors who can wait, the next target,
mid term RM 1.50,
New catalyst, on the likely
" merger + acquisition" theme by the king of aluminium -
Press Metal /8869
PMB Technology Bhd /7172
PMB Technology Bhd
is the official sub contractor in building the exterior facade, claddings, wall curtains for
Marina Bay Sands Hotel +Resort,
10, Bayfront Avenue,
Singapore 018956
Alcom Bhd /2674
is the official sub contractor in building the exterior facade, claddings, curtain walls for
Petronas Twin Towers,
Kuala Lumpur City Centre,
Jalan Ampang,
Kuala Lumpur
Both are reputable aluminum facade, claddings, wall curtains panels,
Manufacturers having its in house plants,
Using their in house technology in using the aluminium composite materials / ACM,
these materials are distinguished by their unique features, it's lightweight, yet high rigidity qualities, excellent flatness and more importantly long lasting - coating qualities are just the construction industry required?
For your better understanding, every week, Monday, Wednesday, Friday, there were 3 units x 40 footer long conventional lorries from PMB Technology Berhad, Balakong, Selangor to Marina Bay Sands , Singapore for one whole year of 2010, meaning 156 units of 40 footer types of long lorries, just imagine the huge load of aluminium facades and claddings, wall curtains panels, were commissioned in the Marina Bay Sands Hotel + Resort, Singapore
Now, you can understand their business similarity, two of a kind, a twin?
Can it be a real winner for Alcom /2674,
when the target company on takeover company will offer the premium especially in driving up the stock prices.