show time

will test 0.185 on Monday.

bingo

Started to move now. Now is the right timing to push it up....

Accumulating...

Actively traded today. A good sign of rebounding soon....

Strong support and big volume at 0.435 today. Likely to rebound from here 0.435 and test 0.45 tomorrow.

Very disappointing latest quarter result. Guess will drop below IPO price.

Good profit in latest 2 quarters, profit RM8.9m and RM5.5m. Good chance to be uplifted from PN17 in the near future.

What are the conditions to be uplifted from PN17? I understand their recent profit may not cover their huge debt.

strong suppport at RM0.90.

Up RM0.15 cents today. The bull is coming soon.

I agree with cstrader. It is time to collect. Soon will rebound. It is still below IPO price, RM0.50 and considered cheap now.

It is another Dancomech. You will regret if you sell now. The TP is RM1.50 in medium term.

Moneyseeker is right. However, if majority of the people are still scared of O&G counters, it may end up undersubscribe and below IPO opening price. The volatility of the oil price in the near future is really worrying. Think twice before subscribing.

If you check the last Reit IPO, Al-Salam Reit, in year 2015, then you will realize how risky it is to subscribe Riet IPO. Al-Salam Reit was traded below IPO price on 3rd day. Must avoid!

I agree with RIAZ. It is another Dancomech. Do a comparison with Dancomech and then you will realize both are about same style. Today lowest RM0.955 and final hour you will see someone pushed it back to RM0.985. Closing down half cent today, RM0.98. Target price is RM1.50 in medium term. Good luck!

Most likely, opening price below IPO price or small premium. High risk low return. IPO may under subscribe too. Must avoid !

Money in the air, where do you get this tip?

Wow, market carshed today but Danco still closed it at RM1.30.

dragonofdark, pls keep me updated from time to time the right time to accumulate cause I do not know how to read the chart. Of course, no obligation! It is at my own risk.

Game over!

Last hour selling pressure appeared, sold about 600,000 units. Owners were doing great in supporting the share price closed at RM1.30.

Selling pressure is almost done! Awaiting the next bull !

Dragonofdark, thanks for sharing your point of view. I am also expecting it will retreat. Moreover, EPF is still selling. Unless break through RM0.515, it may retreat back to RM0.50 or below.

dragonofdark, I respect your right to share your opinion. Could you please elaborate your view?

What happened? Game over?

The resistant at RM 0.505 seems difficult to break. Guess EPF is still selling! Let's see if the market force can overcome EPF?

Owners are still holding a lot. As expected, it rebounded today after the last day of T+3 yesterday. I do not know why I have no worry about this counter and totally trust that the share price will stay high before owners dispose their shares. Cheers.............

Today looked good. Unfortunately, EPF was still there.

The volume was big on Tuesday and Wednesday. Next Monday will be the last day for T+3. Guess it will stablize above RM1.30. Next week should be the time to accumulate. What do you think, Russell?

BCM reported a 32.2% increase in net profit to RM2.59m for the 2nd quarter ended June 30, 2016.

Unimech is buying back at RM1.12. It gives us confidence to accumulate before the announcement of their latest quarter result. Expecting better quarter result and the share price will fly high..................

Again, EPF was selling in the afternoon.

How could we challenge EPF? Need to be very patience.

Russell, have you made some money? Finally..... after a long wait. Anyway, need to be very cautious and monitor closely. Based on my analysis, owners have accumulated quite a lot of shares while trying to support the share price in between RM1.28 to RM1.32 for the past few weeks. Based on the volume today that is actually not huge, I believe onwers are still holding quite a lot of shares. When the supply of share is less and the demand is greater, the share price will go up with just a small push by the owners. Owners may dispose some of their shares but I believe they will not let the share price plunge. Let's monitor the volume tomorrow.

JF Apex Research should have studied in detail and done their homework before commented 31 cents as fair value. BCM Alliance supplies equipment for the commercial laundry and medical devices too. Not rely solely on laundry new outlets.

It will drop below IPO price.

Valuer, I do agree with you. The only problem is EPF is selling. Before the annoucement of the latest quarter result, I believe the share price will rebound. However, it is still a long wait as the last quarter result was announced in end of August. End of Nov ( +/- ) will be the announcement date.

I bought at 0.505 and cut loss at 0.485. It is on downtrend now. Guess EPF is selling. Wait for the bottom and buy later during the rebound. Paying extra 1 or 2 cents during the rebound may still cheaper than buying now.

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JF Apex Research fair value for BCM Alliance at 31 sen | http://www.klsescreener.com/v2/news/view/135775

Perak Trasnit ( IPO RM 0.15 ) is doing good today, about 25% to 30% profit in return on 1st day trading. I think it is the market trend. Can go for IPO and easily can make 25% profit on the 1st day trading. Pls note that BCM has less number of shares compare to PErak Trasit.

Russell, you might be right. One thing for sure, the owners are supporting the share price at RM1.30. Owners are absorbing selling pressure at RM1.27, RM1.28 and RM1.29 for the past 2 weeks. Owners will start to push the price back to RM1.30 at 4.40pm. They do the same for the past 2 weeks. Last Friday, they were supporting it lowest at RM1.29. Probably, owners are comfortable at RM1.30 now. However, I still believe they will act soon.

Russell, u r right. I have got some during the IPO and accumulated some more and hold til now. I like the owners of Danco who are really serious in holding the share price. Yayasan Islam Terengganu has sold 3,500.000 units on Sept 13. The share price was still closed at RM1.30 unchanged on Sept 13. Who is supporting it? Should be the owners of Danco. The best part in investing money in Danco is we will never worry about the share price will drop more than 2 cents ( The worst performance was on Aug 30th, dropped 2 cents ) When the selling pressure is over and the market sentiment is recovering, I am expecting the next rally anytime soon. Cheers................

The next rally is coming soon........

Unimech is a good buy but the volume is too small and I am lack of patience to wait. However, when the time comes, they do not need a big volume to push it up. I like Danco cause the owners are very determined to hold the share price and we can sleep soundly even though during bad time.The market sentiment was not good for the past few days but the share price for Danco is still unchanged. Russell, when volume is small, it means the selling pressure is almost over. If the market sentiment is better, the next rally will be on, then we will see the volume. Cheers......

I am observing this share everyday. For the past few days, the selling rate is more than 50%. It means the owners who park at the q to buy was absorbing the selling pressure. Today, they let go and surprised no free fall. The volume was not huge today. The final hour, the share price was back to unchange, RM 1.30. Final minute, about 500,000 units were bought at RM1.30. Lowest RM1.26. I think it has yet to reach distribution stage. I guess the owners may want to hold the price in order to keep the reputation of the company. They may want to dispose some of their shares but at the same time I guess they still want to hold the price. They want to give confidence to buyers to keep the shares for longer term. I do not think they will let it fall freely. The number of share issued were not huge. It is not so difficult to control the share price. I may sound silly but I could not find a good reason why the share prices were performing such way since it was listed. Just my personal view with no solid support evidence.