Currently the whole market is crashing down . All due to rumours of total lock down as covid cases keep on rising. If total lock down happen in selangor our market will collapse . Hope it will not happen.
Inventory loss?? My understanding is all steel companies are keeping minimum inventory at the moment. Don't think there is impact on inventory loss/gain.
The margin cant be high anymore as previously steel companies were banking on inventory gain for the quarter results. Now no more. Starting may, the results going to be lower following the fallen steel price this month.
Chinese authorities find it difficult to curb housing and construction growth as locals view homes as a more viable investment than other asset classes. However, other issues such as China's poor energy consumption and steel supply remain harder to control
Thanks to the rare convergence of these 2 important catalyst factors of this particular stock,
the clock is ticking down for you.
ALCOM GROUP BERHAD / 2674 has these 2 important catalyst factors, namely
ALCOM manufacture, supply :
Aluminium interrelated products Aluminium commodity price is USD 2,156.25 per metric ton as at 21 Feb 2021 Aluminium commodity price is USD 2,305.00 per metric ton as at 24 May 2021 Historical high price now, as per May 2021 period , comparing to April 2020 ,then was USD 1,460.00 per metric ton
Recent good announcement by Alcom / 2674 on 23 Feb 2021 On the financial quarter with revenue RM 109,633,000.00 Record profit -for this financial quarter RM 10,074,000.00 *** EPS : 7.50 *** = record
Recent good announcement by Alcom / 2674 on 25 May 2021 On the financial quarter with record revenue for this quarter RM 139,828,000.00 *** Consistent profit -for this financial quarter RM 7,398,000.00 EPS : 5.51 *** = record
Amazing Earning per financial quarter = 7.50 + 5.51 + 5.51 + 5.51 = 24.03 cents, on the assumptions same for the coming quarters =24.03 Annualised per year 24.03 cents x 10 PER (price earning ratio ) Intrinsic value RM 2.40 less 30 % discount, Final mid term target price RM 1.68
surge to limit up For Alcom / 2674 --- 27 May 2021 / Thursday = RM 1.19 ( RM 0.30 )
Another metal stock similar in the making like Choo Bee Metal Industries Bhd., /5797 as per recent good financial announcement 21 May 2021 --
surge to limit up Choo Bee / 5797 on 21 May 2021 = RM 1.64 (closed) Choo Bee /5797 on 24 May 2021 = RM 2.13 ( closed - limit up +30 % = + RM 0.49 )
Steel counters especially Choo Bee, Ann Joo will provide uptrend momentum for steel, aluminum sectors, Plus Alcom /2674 will also help in aluminum sector for positive price uptrend.
Higher overhead cost for mandatory plant shutdown of RM12.83 million due to approximately one-month plant stoppage during MCO period in 2Q2020 as compared to RM5.21 million for a 14-day plant stoppage in 1Q2020.
There is little convincing evidence to support the deeply held belief among economists that expectations themselves can fuel inflation. Workers demanding bigger pay increases in anticipation of inflation can indeed make it worse, but there needs to be some initial trigger, such as the 1970s oil shock or sharp currency depreciations. Even unusually rapid economic recoveries like today’s don’t typically qualify.
Investors who truly fear such worst-case scenarios may still want inflation hedges. For the rest, they are becoming a pricey insurance policy.
Steel remains a solid insurance policy in preparation of inflation theme. However, economic recovery in Malaysia is projected to only take place in Q1 2022
ya lo dont know scare what seven, look at the global environment, what is happening! https://www.youtube.com/watch?v=eMdmVZcE1r8 Suggest you to watch this interview with ANNJOO boss.
“Inflation has increased notably in recent months,” Powell said in written remarks prepared for his Tuesday testimony before the House Select Subcommittee on the Coronavirus Crisis, citing increases in oil prices and a “rebound” in spending as the U.S. economy re-opens.
“As these transitory supply effects abate, inflation is expected to drop back toward our longer-run goal,” he said.
Powell’s remarks were largely a repeat of his opening comments at his June 16 press conference, following a policy meeting of the central bank.
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....
jackfruit
544 posts
Posted by jackfruit > 2021-05-20 19:11 | Report Abuse
Currently the whole market is crashing down . All due to rumours of total lock down as covid cases keep on rising. If total lock down happen in selangor our market will collapse . Hope it will not happen.