Posted by JustinLong > 2021-03-15 21:28 | Report Abuse

ANCOM Update:

1) S5-ALB RTO reassured by S5 MD as published by TheEdge Weekly last weekend 13March

2) Ancom stands to gain from share issuance of ALB to S5 owners. Book value of 5 sen, issued at 10sen. 5sen premium for the listed shell.

3) CPO Price sustaining above RM4k/mt, palm oil plantations increasing spending on herbicides to squeeze maximum yield at current high CPO levels. ASP and volume of Ancom's agrochem unit continue to break new high, booking profits for a record year ahead.

Ancom's share price failed to take off last time due to perception that it was a conglomerate burdened with too many loss-making baggages. It has successfully transformed to a pure-play integrated mid-size chemical group in Malaysia, akin to a mini-lotte/CCM.

Ancom shall benefit from the continued commodity supercycle as growers worldwide order more of Ancom's agrochem to better manage larger tracts of plantations to maximize yield.

RM2 seemed impossible last year. It is now within reach, very very soon.

Posted by ruby20 > 2021-03-18 14:39 | Report Abuse

Ancom going to have fb live today.

Posted by ruby20 > 2021-03-18 14:41 |

Post removed.Why?

Posted by ruby20 > 2021-03-18 14:43 |

Post removed.Why?

Posted by ruby20 > 2021-03-18 14:43 |

Post removed.Why?

Posted by ruby20 > 2021-03-19 08:49 |

Post removed.Why?

Posted by dasan784 > 2021-03-30 08:59 | Report Abuse

JustinLong........need your positive comments on ANCOM for us stay positive. Thanks

Posted by Dragon88 > 2021-03-30 09:47 | Report Abuse

why sudden drop in price , any idea ?

Posted by JustinLong > 2021-03-30 15:20 | Report Abuse

Nothing has changed since yesterday and today. Company on track to deliver its best ever performance since FY17/18.

What happened was some selling yesterday morning which possibly triggered more selling which leads to panic selling, as evident this morning when it touched 1.26.

When the stock moved from RM1 to RM1.50, many onlookers who missed the boat would moan that the stock already run, expensive already, missed the boat already etc. Everyone kept asking for a 'healthy retrace' or technical correction to enter.

When the correction indeed happens, would we make a calculated investment decision? Or continue to look see look see then moan again when the stock hit RM1.80 - RM2?

Posted by dasan784 > 2021-03-30 16:37 | Report Abuse

Tq JustinLong for all confidence given.....just like my sifu Calvin. Appreciate your feedback. Thanks again.

Posted by ChongLeeWoon > 2021-04-01 12:43 | Report Abuse

Since 2 weeks ago 15th March, 6 days up followed by 6 days down, back to mid March level of RM1.40 strong support.

Wash out all the panic kakis who cut lost, and also traders who cannot hold longer than T+2 or T+3.

Reset complete and done. Time to relaunch upwards!!

Posted by dasan784 > 2021-04-01 16:40 | Report Abuse

Excellent ChongLeeWoon and let us as genuine investors move forward with full confidence. Soon we see big gains. Thanks bro.

Posted by JustinLong > 2021-04-12 12:27 | Report Abuse

Today's selling most likely from staffs with ESOS shares as announced last Friday. Well absorbed at strong support level of 1.39 to 1.40.

Those who sold gonna regret come end of month :)

Posted by ChongLeeWoon > 2021-04-13 10:24 | Report Abuse

ESOS holders wanna sell faster sell la... Limpeh waiting 1.37 for you come come. Don't disturb me later when we go for RM2 wahahahah

Posted by ChongLeeWoon > 2021-04-14 17:12 | Report Abuse

Road is clear... next target RM1.50!

Posted by Investeye > 2021-04-19 09:15 | Report Abuse

Sugar commodity price up, Ancom profit up !

Posted by JustinLong > 2021-04-19 09:58 | Report Abuse

Long term buyers/collectors very patient last week when weak sellers/traders/ESOS holders were impatient to sell.

True value of the revitalised new chemical group shall prevail and firm believers shall be rewarded handsomely.

Posted by ChongLeeWoon > 2021-04-20 17:06 | Report Abuse

Thank you to ESOS seller for cheap tickets, let us huat kao kao once break 1.60 for new historical high!!!

Posted by ChongLeeWoon > 2021-04-21 11:28 | Report Abuse

Holding strong on T+2 from 2 days ago. This time 2nd round challenge RM1.60 barrier are all serious investors who can hold strong. Cheong ah!!!

Posted by SpicyMcDeluxe > 2021-04-22 10:36 | Report Abuse

kekw

Posted by JustinLong > 2021-04-23 09:54 | Report Abuse

Ready for 2nd gear next week? ;)

Posted by Rider > 2021-04-26 12:33 | Report Abuse

Prelude to a good quarterly results

Posted by JustinLong > 2021-04-26 13:26 | Report Abuse

There have been rumours of some exciting new surprises going forward.

As a value investor it is indeed rewarding to witness the realisation of this counter's fair value, which is RM2 in the very near term, and RM2.50 to RM3 once the new active ingredients are rolled out.

Posted by JohnFarmer458 > 2021-04-27 23:16 | Report Abuse

Tan Sri buying back shares.... looks like this week might go higher than rm2.00

Posted by rz_investor > 2021-04-28 08:46 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3152278

request for suspension.. pending big announcement or QR?

Posted by JustinLong > 2021-04-28 09:30 | Report Abuse

Evolution is inevitable. Since 2018:

1) Divestment of loss-making media
2) Reduction of corporate costs and debt (that were financing media)
3) Growth of Agrochemical biz

Now, we are about to witness the next step of this evolution. Stay tuned.

Posted by ChongLeeWoon > 2021-04-28 10:20 | Report Abuse

Last year limit up on S5 announcement, this time another limit up coming for Ancom...

Friday morning will storm in for this historic moment in Ancom history!!!

Posted by JohnFarmer458 > 2021-04-28 10:30 | Report Abuse

When Ancom resume trading?

Posted by ChongLeeWoon > 2021-04-28 10:40 | Report Abuse

According to announcement of suspension, once the material announcement is made, then will resume trading. I expect it to resume Friday.

Wait for all the juicy details tomorrow

Posted by JohnFarmer458 > 2021-04-28 10:53 | Report Abuse

Friday can limit up

Posted by ExtraMoney > 2021-04-28 10:55 | Report Abuse

Why you guys so sure this is a good news?

Posted by Rider > 2021-04-28 12:19 | Report Abuse

https://www.theedgemarkets.com/article/ancom-offers-purchase-nylexs-assets-and-liabilities-%E2%80%94-source

Posted by Rider > 2021-04-28 12:20 | Report Abuse

KUALA LUMPUR (April 28): Ancom Bhd is offering to purchase 100% of the assets and liabilities of Nylex (M) Bhd, according to a source familiar with the plans.

"Ancom has issued a letter of offer to Nylex BOD (board of directors) offering to purchase 100% of assets and liabilities of Nylex. The consideration is a mixture of various things," a source told The Edge.

Posted by klkk > 2021-04-28 12:33 | Report Abuse

How come The Edge got the news before the official announcement?

Posted by JUNGLE > 2021-04-28 15:04 | Report Abuse

No idea why. Lol. Everyone knows about it

Posted by ChongLeeWoon > 2021-04-28 15:47 | Report Abuse

Since the counter is already suspended, no harm for "source" to share some details with journalists. News platform also need juicy content to keep you guys entertained.

Also, according to my "source", this development is part of Ancom's billion ringgit market cap strategy. Can't wait jor.... faster announce and share us the mechanism la...

Posted by klkk > 2021-04-28 17:34 | Report Abuse

Good qtr results announced. Higher profit every qtr.

Posted by caonima > 2021-04-28 17:59 | Report Abuse

most probably will sell on qr since already up many before qr...

Posted by Woodswater > 2021-04-29 10:52 | Report Abuse

https://www.sinchew.com.my/content/content_2468321.html

Posted by JohnFarmer458 > 2021-04-29 18:42 | Report Abuse

@ChongLeeWoon

Nylex market cap 176mil
Ancom current market cap 426mil

by this value alone Ancom should be at least 600mil market cap, so price should be above RM2...

Posted by JohnFarmer458 > 2021-04-29 18:44 | Report Abuse

Ethanol price is very high now, Ancom able to acquire Nylex at low price really will benefit Ancom greatly...

Posted by SEE_Research > 2021-04-29 19:02 | Report Abuse

A

Posted by JustinLong > 2021-04-29 20:54 | Report Abuse

English news:
https://www.malaymail.com/news/money/2021/04/28/ancom-to-be-fully-integrated-chemical-group-through-proposed-acquisition/1970209

https://www.theedgemarkets.com/article/ancom-proposes-buy-remaining-nylex-stake-confirms-edge-report

Mandarin news:
https://www.orientaldaily.com.my/news/business/2021/04/28/408179

https://www.sinchew.com.my/pad/con/content_2468321.html

Posted by JohnFarmer458 > 2021-04-29 21:14 | Report Abuse

Tomorrow and next week will be chemical theme

Ancom (Nylex)
LCTitan
Texchem
Samchem
Luxchem
Pchem

Posted by SEE_Research > 2021-04-29 22:24 | Report Abuse

https://klse.i3investor.com/blogs/see_research/2021-04-29-story-h1564201061-NOW_SHOWING_THE_TRILOGY_OF_FAST_FURIOUS_SHOW_Part_4C_ANCOM_4758_NYLEX_4.jsp

Posted by JustinLong > 2021-04-30 09:50 | Report Abuse

Sell on news? What a great market to be in... Thank you for those sub 1.60 tickets :)

Posted by JohnFarmer458 > 2021-04-30 09:53 | Report Abuse

i just collected more, believe in the fundamental. Once market digest the value.. price will go north eventually

Posted by JohnFarmer458 > 2021-04-30 15:02 | Report Abuse

Good volume lets see closing got another round push

Posted by stockraider > 2021-05-01 10:37 | Report Abuse

Sell lah b4 too late, it is value less than Rm 1.50 loh!

Posted by ChongLeeWoon > 2021-05-01 10:53 | Report Abuse

RM1.50 issuance price is just a "share swap" exercise with Nylex holder for the consolidation. Ancom dilute 9% to consol balance 49% of Nylex biz, Nylex holder become Ancom holders plus existing Nylex shell.

To me is a brilliant corporate exercise to realize Nylex underlying value during turnaround, plus more importantly to realize the immense potential of Ancom to be a billion ringgit co as an integrated chemical group!!

Monday continue to huat arrrr!!!