Hidden investors quietly bought a lot of shares from 1.20-1.24.
Volume was increased from 16.04 million(yesterday) to 17.6million today. Share price dropped 5 cents from 1.30 to 1.25 yesterday. But share price is same @ 1.25 today. Obviously, the hidden investors wanted to thank you those sellers today. Bought rate was 53%.
Aluminium/steel share year in 2021!! Record profit is expected. 1st target price RM1.40 2nd target price RM1.60
If you want to buy a aluminium/steel company share but its latest quarterly result was losing money, just stay away first until making profit. Need not to take the risk. Use steady way to earn money is better than trying the losing one.
The increase use of aluminium in solar projects and EV all over the world will cause a huge demand of aluminium ind .products n cause price to rise .. Lbalum Bhd is in a Right Industry at a Right Time !!! It is a well estsblished aluminium products company and will sure be able to capture this extra huge demand..It may even get contract to supply certain car parts of EV made of aluminium in near future..Its results in past 3 quarters kept on increasing has proved that it is doing very well esp the 3rd.q net profit of $15m or eps of 6 ct /q. !!! If it can maintain this profit, it will make $60m / yr or eps of 24 ct / yr !!! At current price of $1.18, it is considered Dirt Cheap !! Where can anyone find such Dirt Cheap aluminium stock ???
(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.
Why so scare? price correction is normal. I never sell any share but bought @ RM1.18 today. Aluminium price is still uptrend. Anyway, just sold the Comfort share.
Bought on weakness price but must have good prospect and business. LBALUM meet this criteria.
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....
Xcalibre
504 posts
Posted by Xcalibre > 2021-04-13 16:57 | Report Abuse
Sell queue still quite sizeable...