Ride with the wave... step by step go up :)

330pm TopGlove briefing on latest results... let's see

On the contrary, economy opening means more sanitizer will be used as standard SOP.

Go into every office, shop, restaurant... first thing is pump sanitizer. More sanitizer pumped = more sales for sanitizer related company!

Probly people see placement at 71 sen, so feel "expensive" to buy at above 71 sen.

Placement is a good exercise to invite strategic investors to participate in new growth, especially once their new agrochem factory is ready...

Trading and distribution company use alot of financing instruments such as Letter of Credits which are used to purchase goods. As trading and distribution accounts for most of the revenue of Nylex, it is normal to have high 'short term debt'.

Overall sentiment affected by glove counters margin cap and panic selling. Hot money starting to flow to other sectors... Next to rise is sanitizer-related counters? haha

Glove counters margin cap, margin cut.

Sanitizer party starts now... All are welcome :)

mushroom, company need to submit to Bursa and do a circular to shareholders and call for EGM. Should be EGM in Jun/July then get warrants by Aug

PublicInvest did a technical buy call on Nylex this morning... Next week technical buy on ANCOM?? Chart is very bullish also...

Heard new "big name" shareholder gonna appear soon... hehe

Locus destroy crops in India, so India need to import more. For eg, import more sugar from Brazil.

So Brazil sugarcane will have more demand, higher prices. Which means more money to spend on agrochemicals to manage the plantation better for higher yield.

All in all, as long as there is demand for food, for sugar, Ancom will continue to have demand for its products

Warrants for Ancom holders... things getting interesting for Ancom

T+3 wait for seller throw... then rocket up hehe

Almost time for Q3 results announcement... since disposal of media last year, likely expect a better Q-o-Q results... TP short term above 90sen hopefully and if glove kaki come join chemical party then RM1 no issue

sengkee, Ancom Bhd (48% owner of Nylex) and MSM now have a common director... if you can see the linking dots...

Both Nylex and Ancom should fall under investors' radar already...

SANITIZER VALUE CHAIN

Ethanol raw mat: produced by 48%-owned NYLEX
Sanitizer solution: produced by subsi ANCOM CROP CARE
Sanitizing services: carried out by subsi ENTOPEST

Entire sanitizer/sanitizing value chain captured by ANCOM BHD

SANITIZER VALUE CHAIN

Ethanol raw mat: produced by 48%-owned NYLEX
Sanitizer solution: produced by subsi ANCOM CROP CARE
Sanitizing services: carried out by subsi ENTOPEST

Entire sanitizer/sanitizing value chain captured by ANCOM BHD

A lot of "analysts" look at total debt and would pass a general comment such as "total debt too high".

If you understand the trading nature of some businesses, most debt is actually credit lines, trading facilities used for purchasing of goods, be it raw mat, intermediates or trading products. All these short term debts form part of the total debt. For a group with total revenue more than RM1.5b (due to consol of Nylex, a trader and distributor of petrochem), the total debt over revenue is at a very reasonable level.

Seems like the 'mother' Ancom more sustainable uptrend...

Live4Tea, this is the misconception of many. Remanded to assist in investigation, was NEVER 'charged'.

Furthermore, the bail has ended and no further action taken. Investment banks would do a full vet before proceeding with any corporate exercise, so let's wait and see their upcoming moves...

Nylex UP today... tomorrow time for Ancom to shine

Sanitising services carried out by Ancom subsi Entopest.

Entopest acquired for RM2m in year 2016. That time Entopest annual revenue less than 2m.

Fast forward 3-4 years, annual revenue more than 10m now. And due to Covid, this biz unit expected to grow faster. Parent co of Entopest is Ancom Crop Care, agrochem manufacturer. Just like Hextar, Ancom Crop Care already developed sanitising/disinfectant chemical. Upstream product, downstream service both also tapao by Ancom hehehe

Tracking Nasdaq uptrend? Tech stocks seem to defy the recession/depression so far...

His bio says he is ex Petronas Chem MD, no longer CEO of PetChem now. Current Chemical Industries Council chairman...

As funds decrease allocation to finance sector, PBB will still be the top choice for that sector. Defensive counter amongst finance sector.

Ancom today is different from Ancom 3 years ago.

Loss-making media division gone.

Agrochem tripled revenue & profits from 2015 to 2019, of which 70% from export market.
NEW agrochem factory underway, new high margin products.
NEW sanitisation & hygiene business, pest control business.
NEW investor engagement by new management to educate shareholders.

TP RM1 mid term ,long term RM2 once agrochem unit is discovered by market...

Probly investors look at Hextar's agrochem biz to benefit from refocus on food supply and agriculture. As agrochem is a derived demand from plantation activity.

Maybe also why ANCOM is gaining momentum also cos they have Ethanol production plus Agrochem also.

https://www.facebook.com/MELODYdotmy/photos/rpp.320198834704885/3087038294687578/?type=3&theater

Ancom subsi Entopest on MelodyFM tomorrow 9am.

Took profit at 2.2

Let's see sectoral play can push tech stocks up or the bigger fear of economy downturn will be too great to overcome...

Since Covid19 started, more countries focusing on agriculture sector to be more self-sufficient. When international shipping and logistics is crippled, food security become big big issue... Governments wouldn't want their people hungry and angry, will lose votes haha...

Agriculture activity up, agrochemical usage also up... Ancom core biz is agrochem part of food supply chain

Sanitizer demand will continue its uptrend due to higher hygiene requirements by companies and general population awareness of sanitising. Ancom subsi Entopest already in sanitising business. Not just sanitizer, but also disinfectant services. My office building use their service and sanitizer solutions. Nylex has a unit Fermpro also manufacture ethanol like Hexza, full demand from now on...

https://www.youtube.com/watch?v=ffMURq0m1Vs&feature=youtu.be

Someone just shared their presentation video from CGS

Technical charts getting to a breakout... Coupled with possible postage hike announcement... May trend higher

Consolidating around 0.45 level? Hmm...

Wudishijimo, you attend their company presentation? How was it?

Strong technical chart coupled with profitable 100% subsi agrochem biz... continue uptrend

Just announced resignation of Exec Director Dato Johari Razak. Good... Less politically-exposed person (PEP) on the board. Good direction for the company

Yup, also consolidate Nylex results and Nylex in downcycle so ACC results dragged down slightly

https://www.nst.com.my/business/2019/12/546990/ancoms-herbicide-business-benefits-ongoing-us-china-trade-war

https://www.nst.com.my/business/2019/12/546949/agricultural-chemicals-segment-go-driving-ancoms-profits

https://www.theedgemarkets.com/article/unlocking-ancoms-value

Article on ANCOM in latest TheEdge weekly... page30

Poor results due to Nylex side not doing well for this particular quarter, Ancom as holding co consolidate some losses. Just sold off loss-making media biz majority stake to Thai. Restructuring in progress to be continued...

Going forward, reduce stake in loss-making media, recognize less loss on P&L.
Profitable biz such as agrochem will show true value of Ancom...

Bahai, unless you know them if not hard to judge wor... Hearsay they gonna reduce stake in loss-making media biz soon. It will be beneficial for Ancom in short to medium term to stop supporting loss-making biz, save cash for profitable biz.

bahai4453, from where you infer the quality of management team?

Bottom fishing for people in the know hehe watch out for corp news coming soon

Q2 results out soon... will be better than last financial year Q2. Wait and see...