Just notice that our super A+ mgnt, had good foresight to top up on the inventory, which is very advantageous in the current fast escalating Aluminium price scenario. Closing inventory at 67.574 million (RM) was 17% higher than previous fin. yr .
ALCOM has been building a strong support base since march, and is lagging behind the leaders ARANK (up 16%), LBALUM(up 10+%), ALCOM only up 6% , still long way to catch up, TP above rm1.
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.
Mild profit taking on eve of weekend amidst clear signs of quiet accumulation in progress, gives confidence that uptrend is intact..Happy weekend and look forward to another good week ahead !
Maybe just a retest of its support before resume uptrend, normal one..see v. low volume sellers, just that buyers hesitate to be agressive in view of GE14
saw at 4.28 pm, someone throw 200 shares at 83 sen ? (when price was 85 sen), to try push down ALCOM, so can collect cheaper..yes, still not collected enough,.haha just hold firm, ALCOM will resume uptrend soon..
ALCOM counter must be patient, big brother no hurry to push up, bcause ALCOM ,making money, just gave 52.5 sen cash payout last yr, most holders still make money
hi bystander123, but one thing that i could not understand, why ALCOM could fall from such a high sky to its lowest peak? there must be something reason behind..
Mayb the long time holders can give a clearer view. I guess, since Aug. the price not yet recovered bcause the big holders want to collect back more shares but response not good, so we just wait for market to rerate on news flow like Qtr results due soon
If you read the background on ALCOM, you will have confidence that the mgmt and BOARD are on top of the game, sad thing is they are professional production engineers profile, looks like dont play,play shares, just let market rate their results...
Of course the big boss Mr Yeoh is very savvy one, his holdingcost per share now is only 8 sen..mayb he is the one still want to collect back some more...
bcause with ALCOM expand to niche property dev., there shd be need for more funds n cannot discount the option for corporate ex. like rights issue, etc whc is good news, as the shares need to be attractive for this to happen..
Going into property would be a mistake for alcom. They don't have the expertise and competing with well established players and the property market is not good at this time. Long term holders going to suffer bigger loss.
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Posted by Bystander123 > 2018-04-19 11:23 | Report Abuse
Just notice that our super A+ mgnt, had good foresight to top up on the inventory, which is very advantageous in the current fast escalating Aluminium price scenario.
Closing inventory at 67.574 million (RM) was 17% higher than previous fin. yr .