Ha, ha, ha. I think LBALUM management must have read investors' current sentiment well.

OSK 2Q net profit up 32%, pays 2.5 sen dividend
Syahirah Syed Jaafar/theedgemarkets.com

August 29, 2017 18:57 pm MY

KUALA LUMPUR (Aug 29): OSK Holdings Bhd's net profit rose 32% to RM55.75 million in the second quarter ended June 30, 2017 (2QFY17) from RM42.25 million a year ago, on higher profit generated from the financial services and investment holding segment.

This was partly offset by lower contribution from the property, construction and industries segments.

Earnings per share rose to 4.03 sen from 3.05 sen. Quarterly revenue, however, fell 11.2% to RM274.85 million in 2QFY17 from RM309.53 million in 2QFY16.

The group also declared an interim dividend of 2.5 sen per share for the financial year ending Dec 31, 2017 (FY17), payable on Oct 11.

For the cumulative six months (1HFY17), the group's net profit slipped 1.7% to RM110.01 million from RM111.87 million a year ago, while revenue fell 12.2% to RM577.39 million from RM657.81 million in 1HFY16.

In a filing with Bursa Malaysia today, OSK attributed the weaker 1HFY17 performance to lower contributions from the property and industries segments, offset by higher profit recorded from the financial services and investment holding segment, as well as reduced loss in the hospitality segment.

Going forward, OSK said it is confident that the group will achieve satisfactory results for the remaining year.

It said performance of the property development division will continue to be driven by sales and progress billings from the existing projects and new projects to be launched in Malaysia and Australia.

"In Malaysia, the group has targeted to launch the first phase of new development namely Iringan Bayu in Seremban and Ryan & Miho in Petaling Jaya Section 13. As at July 31, 2017, the group has unbilled sales of RM1 billion and the land bank stood at 2,055 acres," it added.

As at June 30, 2017, OSK's outstanding construction order book stood at RM534 million, which is expected to contribute steadily to the group's profitability.

On its industries segment, OSK said it is anticipated to perform satisfactorily as it continues to tap on projects undertaken by the government and private sectors, as well as enhancing its profitability through improving production efficiency, cost control, monitoring and reporting.

OSK shares closed unchanged at RM1.60 today, with 99,200 shares done, bringing a market capitalisation of RM2.22 billion.

RCE Capital prioritises quality in loan disbursements
Adela Megan Willy/
The Edge Financial Daily

August 30, 2017 11:11 am MYT

This article first appeared in The Edge Financial Daily, on August 30, 2017.

KUALA LUMPUR: General loan financing services provider RCE Capital Bhd said it “does not compete for market share” and prioritises quality over quantity in terms of loan disbursements.

Speaking to reporters after its annual general meeting yesterday, its chief executive officer Loh Kam Chuin acknowledged that in the Malaysian personal financing segment worth about RM160 billion, based on Bank Negara Malaysia’s (BNM) figures, RCE Capital has only about 1% market share.

For the civil servant financing market, RCE Capital — which provides financing mainly to government employees — has about 2% to 3% market share, based on its loan book value of between RM1.5 billion and RM1.6 billion as at end-June 2017.

As at Feb 1, 2017, there were 1.6 million government employees, of which RCE Capital is managing less than 100,000 accounts, according to Loh. “We don’t compete for market share. We are on the niche side, serving markets unserved by bigger players,” he said.

“We are not [a] deposit-taking [setup], so in terms of rates, we don’t have the advantage over bigger players. We focus on delivery — how fast we can get the loans to customers.”

Loh said education, home renovation and medical needs are among the top reasons cited by civil servants when applying to the group for loans.

On the group’s outlook, Loh said “it is very difficult to say [how things will be]. Do we want [to provide] quality loans or [seek] growth in loans just for the sake of growing? Then again, we just issued our first quarterly results for [the group’s] FY18 (financial year 2018), so you can draw some comparisons from there”.

RCE Capital’s net profit climbed 19.4% to RM20.93 million in the first quarter ended June 30, 2017 (1QFY18) from RM17.53 million a year ago, on higher net interest income as well as relatively stable loan impairment. Revenue rose 9.9% to RM57.1 million from RM51.94 million. Its consumer financing segment’s loan base grew 9.6% year-on-year.

“It (the sustainability of loan base growth, moving forward) ultimately depends on how we choose to grow. We [would] prefer to look at [offering] quality [loans]; we are not chasing for loan approvals just for the sake of growing,” Loh said.

“Moving forward, our growth is also very much dependent on what’s in store for us in the upcoming Budget 2018, as there could be changes to things such as salary adjustments for civil servants. However, what we can tell you is, demand for loans will always be there, so [it is] business as usual [for the group].”

Like this piece I came across at Facebook this morning.

[ #quote from Bill Miller star manager at Legg Mason who beat the S&P 500 for 15 years in a row.

Certainty belongs to mathematics, not to markets.
So if someone on CNBC or Bloomberg TV is convincing, just remember, there’s no data on the future!

http://blog.stockflare.com/quote/2014/11/28/certain-bills/

The moral of the story is, even with solid fundamentals, creditable technicals and brilliant quarterly report, Alcom may even defy conventional wisdom as, 'certainty belongs to mathematics, not to markets.'

As investors, we need to accept this reality, by readjusting and restrategizing our investing goals accordingly.

Great disclosure, gcke. Guess from accounting or financial background?

@meistsk3134 Think about this:
1. Trump is bogged down by idiosyncrasies in Congress.
2. The recent violence over white supremacy.
3. Harvey-hit flooding woes
4. Russian interference in US election
5. The repercussions of trade war with China
6. Spate of collisions involving US warships.
7. An enormous amount of debt
8. 800 military bases throughout the world to maintain

Fighting a war incurs cost beyond a wedding dinner.

With internal turmoil and external problems, do you think Trump will take action?

The market will gradually take cognizance of this NK-US tension and will soon price in the risk-reward factors.

RCE Cap: Quality over quantity in loan disbursements
Adela Megan Willy/theedgemarkets.com
August 29, 2017 14:55 pm MYT

PETALING JAYA (Aug 29): General loan financing services provider RCE Capital Bhd said it "does not compete for market share" and prioritises quality over quantity in terms of loan disbursements.

Speaking to reporters after its annual general meeting earlier today, its chief executive officer Loh Kam Chuin acknowledged that within the Malaysian personal financing sphere which is worth about RM160 billion, RCE Capital commands only about 1% share of the market.

In terms of the civil servant financing market, RCE Capital — which provides financing mainly to government employees — has about 2% to 3% market share, based on its loan book value of between RM1.5 billion and RM1.6 billion.

"We don't compete for market share. We are on the niche side and serve markets that are unserved by the bigger players," Loh said.

"We are not deposit taking so in terms of rates, we don't have the advantage over the bigger players. So we focus on delivery, on how fast we can get the loans to our customers," he added.

Loh cited education, home renovation and medical needs as among the top reasons for loan applications by civil servants to the group.

At noon break, RCE Capital settled 1.7% or 3 sen lower at RM1.70, valuing it at RM579.61 million.

http://www.theedgemarkets.com/article/rce-cap-quality-over-quantity-loan-disbursements

In Malaysia, Hong Leong Investment Bank Bhd wrote in a note today that "stocks on the local bourse could extend profit-taking activities in the absence of fresh catalyst to boost market sentiment throughout the shortened trading week and final week of financial reporting season."

@LPTan68@Tlpang68.
It looks like LPTan68 has undertaken a rebranding in username to welcome auspicious news and greater opportunities in Alcom! Ha, ha, ha.

It has been some time I've not translated Tlpang68 comments. I shall take some liberty tonight.

[Tlpang68 恭喜恭喜alcom投资们。。
最高兴的是pe ，nta，roe慢慢改进。。我们讓时间证明一切。。。

Congratulations to all Alcom investors.
Very happy that the PE, NTA (1.36), ROE have gradually improved. We just wait for time to prove everything.

[Tlpang68 现在又处以超卖]
28/08/2017 20:52]

(Alcom) is now "OVERSOLD." (implication ... )

@gohkimhock, mamipoko.
[ the qoq down not much la. Still acceptable. Not a big matter. Overall the result is within expectation.]

A well-balanced view and analysis.

Mamipoko, you have amazing sharp-shooter forecast!

[ Should improve YoY but not QoQ lah ]

If I were to place bets on Magnum 4D, I would never fail to consult with you. Ha, ha, ha.

All in all, I really appreciate your eye opening views from different perspectives. Another learning point for me.

@The_Reds. 'Wink, wink.' Ha, ha, ha.

Remember the content of our discussion via Alcom ACC Post 19 August 2017?

Remember the rhetorical questions I put to you to think about?

The rhetorical questions are meant for you to reflect on to get some hints pertaining to the probable outcome of the QR.

At last justice is done to all loyal, faithful, 'pak si bo chow' Alcom brothers.

This evening I must find something special to eat for dinner to pamper myself a bit.

@Jefflim1234. [ So now it's for MR MARKET to decide what is a reasonable EQUILIBRIUM LEVEL.]

I was about to write something along your line. Ha, ha, ha.

From now on, the ball is at Mr Efficient Market's feet admist prevailing global noises to vindicate and do justice to Alcom by unleashing its intrinsic value with its equivalent market worth.

The drama unfolds tomorrow ... Mr Efficient Market, Alcom deservingly counts on you.

As the Cantonese joke goes, whether Alcomates will 'eat porridge or rice' in the days to come, depends how well you, Mr Efficient Market plays your role.

What A Relief For Everyone!

Outperforming Results

Well done ALCOM.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5529149

@kirawang: Bonus issue
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5522361

Hong Leong Investment Bank says:

Outlook: Share prices on the local front are likely to trend sideways amid a shortened trading week ahead.

Moreover, the weaker quarterly reporting season would also be a capping the upside on the FBM KLCI around the 1,780 level.

Nevertheless, technology sector remains bullish after reporting upbeat results for most of the stocks.

This is the general scenario of the market in which we will be trading. Anything unexpected is a positive development.

The LBALUM management doesn't seem to be efficient.

@ gcke, many thanks. Useful links.

Yes, TheContrarian. At least collect the dividend first.

Hopefully the visual technicals will translate exactly into market realities tomorrow.

Jefflim1234, a toast of Cappuccino to you and good morning. Thanks for helping me to understand Warren Buffett's investing philosophy so succinctly.

Market is still cautious and hesistant in making definitive decision.

ESOS power not activated yet? Will scenario change next Monday?

Can "wayang" to some people some of the time, but cannot "wayang" to all people all the time.

@kennyku, you can communicate with me using the Alcom ACC via email.

@kennyku, appreciate your down-to-earth posture. I can empathize with your current position.

Do what you think is right. Come back again when you're ready. No matter what, you are still my good investing buddy since the "early" days in Alcom Forum.

It's habitual to drop by at Alcom and say good morning to all Alcomates.

@forgot090, I really admire you have a wonderful positive attitude. I do really appreciate that you, choolooi, the_reds, kennyku, etc. have persisted passionately to keep the atmosphere in the forum as "normal" as possible despite some inevitable flares of emotional output when some lost control.

We can still see new members flowing into Alcom forum. It's a welcome indication that Alcom is still having new support. Some of them are really new judging from the questions they ask.

I worry that some of them are attracted to Alcom purely by the attractive capital repayment due 11 September without fully understanding the rationale, the processes and post-cash repayment implications.

I worry that if harsh realities do not turn out to their expectations, they may be severely impacted. With proper understanding, at least they are psychologically prepared to face them.

For those who have been around for some time, some may be able to rationalize about Alcom's heydays and the present drastic waterfall drops in Alcom's price.

Some have already made their profitable scoops in the past weeks before ex-date of special dividend payment, post dividend payout, before ex-date of capital repayment, and even post ex-date of capital repayment.

Personally speaking, I'm in Alcom for round three. I have exhaustively monetized my profits through two different CDS accounts earlier. This round three I'm going for capital repayment and long-term as I'm confident of Alcom's performance.

Mr Market is very erratic, very unpredictable. Global changes, be they financial, economic or geopolitical, are not easy to read and interpret. As retail investors, we don't have direct, real-time access to big data or resources to make well informed, calculated investing decisions.

At times we may BINGO with a hit at bulls-eyes. At times, we may be half right. At times we may way off the mark. At times, we ride along the path pioneered by others and get easy gains without much sweat or hard work. I think quite a number of us at Alcom follow this path of fortune.

No matter how good the opportunities are, a balanced money management is very important to excel at our investing ventures. Diversification of our monetary assets in different stocks is essential to spread out risks-reward impact.

We cannot be overweighted in one particular stock no matter how excellent it is. We need some fluid cash flow to capitalise on other good opportunities or as reserves.

From my experience at unit trust investments, I find that those funds with a sizeable cash allocation tend to perform well as the fund managers have sufficient cash to take advantage of bottom fishing during market turmoil.

I'm well aware that in the wake of Alcom being bashed down drastically after capital repayment, Alcom members are anticipating for a positive favourable report in the coming quarterly report ending 30 June. It's only understandable.

In this respect, for the past few weeks I've been researching laboriously to obtain some firm indications which can possibly help point to an outstanding quarterly report.

I'm afraid I can't share the information here, judging from the emotionally-stirring arguments which happened recently. It's strictly for personal consumption. At worst case scenario, I'm totally responsible for my investing decision. I don't have an option to blame anybody but myself.

This is among the lengthiest comments I have scripted for a long time. It is written in all sincerity, with no single iota of malice, but in the good faith of sharing only. Please pardon me if any parts of my comments have caused any parties inadvertent discomfort or uneasiness.

With that, have a cheerful weekend and write new chapters of victorious investing!

With deep prayers for all Alcomates success!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5525693

Unless otherwise stated, all definitions used in this announcement shall carry the same meaning as defined in the announcement dated 12 April 2017 in relation to the Capital Repayment.

We refer to the announcements dated 12 April 2017, 30 May 2017, 22 June 2017, 28 June 2017, 19 July 2017, 9 August 2017, 10 August 2017 and 14 August 2017 in relation to the Capital Repayment.

On behalf of the Board, AmInvestment Bank wishes to announce that an office copy of the sealed order by the High Court of Malaya dated 9 August 2017 confirming the Capital Repayment has been lodged with the Registrar of Companies on 24 August 2017 and the Capital Repayment takes effect on 24 August 2017 accordingly.

The Capital Repayment will be made via eCash Payment or cheques to the entitled shareholders on 11 September 2017.

This announcement is dated 24 August 2017.

RCE CAPITAL

By Maybank IB Research

Buy

Target price: RM2.10

While RCE Capital Bhd saw loan growth moderate during the first quarter of financial year 2018 (FY18), Maybank Investment Bank (IB) Research said it expects a pick-up in the subsequent quarters.

“The pipeline for loans remains healthy at this stage and asset quality remains stable,” the research house said in a note.

It said the group’s results for the first quarter ended June 30, 2017 had come in within its expectations.

RCE Capital saw its Q1’FY18 net profit come in at RM20.9mil, which was a 19% increase year-on-year and 1.5% decline quarter-on-quarter.

The year-on-year growth was supported by higher net loan growth and improved interest margins.

On a quarter-on-quarter basis, it noted that the dip in earnings was largely a function of slightly narrower margins.

Net loan growth was 9.7% year-on-year during the quarter, compared to 12% during the same period last year.

On a quarter-on-quarter basis, however, loan growth was only 1.1%, or 4.5% on an annualised basis.

“This was largely due to an increase in prepayments and a temporary slowdown in disbursements during the quarter,” the research house said.

It noted that RCE was set to issue its fourth Sukuk tranche (about RM150mil) in September, which would imply a still stable loan pipeline. It added that disbursements should pick up pace into the next few quarters. The research house said it had already imputed a loan growth estimate of 7.8% for FY18, on expectations of slower demand ahead.

It seems market still remains cautious.

Outlook :
Hong Leong IB says that stocks on the local front may still trade on a sideways tone amid the on-going financial reporting season as investors remain cautious and deploying the wait-and-see strategy over the near term. The KLCI could hover between the 1,765-1,775 levels.

But, RCECAP just cannot wait to fly ...

@Ming Dato' Azman's son, Shahman Azman is the
Non-Independent Non-Executive Chairman of RCECAP. His daughter, ShalIna Azman is also
Non-Independent Non-Executive Director.

Would he allow a take over of RCECAP By AMMB?

Thanks, Wei Hong. Quick-and-Go data.

JF Apex Research highlights RCECAP

KUALA LUMPUR: JF Apex Research expects AmBank, RHB Bank, Perisai Petroleum and Techfast as among the stocks to watch on Wednesday after the fresh corporate news.

AmBank and RHB Bank ended their merger talks after failing to reach an agreement.

As for Perisai, it said three clients are claiming RM13.68mil in losses and damages from its unit, Perisai Drilling Sdn Bhd for an alleged breach of contractual obligation.

Techfast proposed a one-for-three bonus issue of up to 57.04 million new shares.

The research house said Ewein’s subsidiary Ewein Zenith II Sdn Bhd has scrapped its plan to buy a piece of freehold land that the Penang government had given to Consortium Zenith Construction Sdn Bhd (CZ) as payment for CZ’s work on the Penang undersea tunnel project and three related roads.

JF Apex Research pointed out Kerjaya Prospek, Boon Koon, RCE Capital, Inari, UMW O&G, Maybulk, UEM Edgenta achieved better on-year quarterly results, whilst Dutch Lady, Hock Seng Lee, DNex, Deleum, Salutica recorded weaker on-year financial results.

Overnight, US markets rallied on renewed hopes of a tax reform by President Donald Trump. Earlier, European stocks staged a rebound led by basic resources counters following higher metal prices.

On the local market, the FBM KLCI gained 2.60 points to end at 1,774.22.

“Following the bullish performance in the US and Europe, the FBM KLCI could climb further towards its resistance of 1,800,” JF Apex Research said.

http://www.klsescreener.com/v2/news/view/272089

RCECAP got 2 times coverage with rich valuations and TPs by Maybank IB and once by Kenanga IB.

I think it's high time RCECAP is given appropriate coverage again in view of the latest outstanding QR.

If the cautious market can appreciate RCECAP rich valuations and transcend a confluence of factors like the North Korean-US tension, India-China border spat, etc, RCECAP can be expected to deliver a good run for investors.

Today, let's all see how the market efficiently works to vindicate RCECAP as an undervalued financial gem by placing it at its due level of price premium.

Its intrinsic value and worth should be rightly unleashed for what it is worth. RCECAP can indeed stay tall with its other big brother banking stocks in terms of its consistently sterling performance.

Why don't they implement cash repayment? It would boost up the price.

Good evening, Caven and RCECAP forum members.

Thanks to Caven to pitch in with an analysis supported by financial ratios.

From theedgemarkets.com
Billy Toh/theedgemarkets.com
August 22, 2017 19:35 pm MYT

KUALA LUMPUR (Aug 22): RCE Capital Bhd's first quarter net profit grew 19.4% to RM20.93 million from RM17.53 million a year earlier, on higher net interest income as well as relatively stable loan impairment.

Earnings per share for the quarter ended June 30, 2017 rose to 6.18 sen from 5.40 sen previously, the group said in a bourse filing today.

Quarterly revenue increased 9.9% to RM57.10 million from RM51.94 million in the previous corresponding quarter.

RCE said its consumer financing segment's pre-tax profit rose 17.6% to RM26.1 million from RM22.2 million.

The investment holding, management services and others segment also saw a slightly higher pre-tax profit of RM1.3 million as compared to RM1.2 million previously, due to lower interest expenses.

Moving forward, the group said its focus is on streamlining its operational, channel management and risk management infrastructure.

"Prudent credit criteria and collection systems are further refined to maintain quality receivables portfolio. Meanwhile, technological enhancement and process simplification initiatives to elevate operational efficiencies continue," the group said.

RCE expects to report modest growth in its consumer financing segment as it continues to embrace industry's best practices.

RCE's share price slipped by 1.2% to close at RM1.65 with about 468,700 shares traded, giving a market capitalisation of RM562.6 million.

http://www.theedgemarkets.com/article/rce-capital-1q-net-profit-194-rm209m-higher-net-interest-income

BREAKING NEWS ... Outstanding performance!
Wow, wow, wow. All our anxiety has finally been put to ease.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5522229

[ pputeh yuanlong25, thanks for write up and good reasoning. If the others are here to speculate on the stock no way. This is a long term stock. Needs time to grow like Aeon credit and banking stocks. Have held Aeon Cr for 7 years. Bought rm3.90. Go do the maths, friends. bonus 2:5. in 2012 ]

Appreciate your encouragement. You have indeed brilliant insight and foresight. You put true significance in the real meaning of investing.

@ abang_misai, gcke Allow me to share some input regarding the impending 1QR.

There are some reliable indications of a positive 1QR ending 30 June 2017. Take note of the ESOS Exercises implemented on 14 Aug and 18 Aug.

Questions for thoughts:
1. Would RCECAP exercise ESOS (Employee Share Options Scheme) if the 1QR performance is unfavourable?
1.1 14.08.2017 18,000 units listed @ 0.6400
1.2 14.08.2017 305,000 units listed @ 1.3000
1.3 14.08.2017 220,000 units Aquisition by Ms Oon Hooi Khee @ 1.30
1.4 18.08.2017 9,137,000 units ESOS offer @ 1.48 (18 Aug closing price 1.68)

The links:
18 Aug 2017
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5519101

14 Aug 2018
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5513765

14 Aug 2017
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5512165

2. Why should it take RCECAP such a long time to release the 1QR?
2.1 Though traditionally the QR is due for release around 7-12 Aug, RCECAP is technically not obligated to follow
the precedent year as long as it's before end of Aug. Bursa Malaysia stipulated a two-month timeframe for
release of financial report.
2.2 The slight delay is probably to allow them to put the implementation of ESOS in place to allow the employees
to leverage on the benefits of ESOS when the 1QR is released..

3. @ abang_misai : [ ... I was told this coming Q incurs minor losses. ]
3.1 Unless the source is cited, the statement is mere hearsay.
3.3 Assuming the source is reliable, it can't be quoted for infringement of " insider information." Bursa may invite
one to Starbucks for coffee time. (joking)

4. @ gcke [ .. @abang_misai can agree with you.Seemed the price movement (since the previous QR m-o-m) can
signal something not so positive for the stock.The dividend declared 3.0cents is also another sign.]
4.1 Pertaining investors sentiment to the 3 sen dividend, RCECAP management is fully aware of this and has
adressed this issue in the annual report.
Extract from Management Discussion and Analysis (Annual Report 2017, p.20)
Dividend
In the last 2 financial years, a sum of RM165.4 million has been paid as dividends of which RM134.7 million was a
one-off special interim single-tier dividend of 10.5 sen per ordinary share. Whilst we understand shareholders’
expectations to have a consistent dividend, a balance must be struck on the use of surplus funds to cater for
business growth and to meet our financial obligations. Given the significant payout to shareholders in recent years,
there is a need to channel funds and shift the focus back to the business and to retain sufficient resources for
working capital needs. With this in mind, a final dividend of 3 sen per share for a total estimated payout of RM10.1
million is proposed, to be approved by shareholders at the 63rd Annual General Meeting.

5. This is my calculated forecast on the 1QR based on the indications of the ESOS exercises implemented recently.

Zoomsbooms. Thanks.

Zoomsbooms. I suppose you are having some positions in Kian Joo and Can One. What's your take on them?

According to LPTan68 in his email to me, the BOSS has been quietly accumulating since the ex-date for the special dividend. The strategy now is targetted at the speculative traders to flush them out. It's also targetted at the new "walk-in" retail traders who are attracted by the 32 sen capital repayment. After paying out the special dividend of 20.5 sen and the impending capital repayment, the BOSS has decided its time to get back some capital to buy free shares for the entitlement of capital repayment.

The_Reds 知我者是The_Reds也! 哈哈哈。

[ Jeff , you ,Yuanlong and other Brothers had given Alcom the MAN ENERGY.
I am now contributing a tiny bit of TINKLE BELL's dust ------- EARTH ENERGY
It is up to Market forces and Alcom's intrinsic worth to give the HEAVEN ENERGY.

SO I SHALL JUST SIT TIGHT AS I DO BELIEVE IN WHAT HAS BEEN PRESENTED BY THE ALCOM BAND OF BROTHERS

Ii hope I can put a smile on your faces when you read my comments. We need to diffuse this electrified atmosphere and relax , allowing happy vibes to enter us. ]

Choolooi. EXCELLENT. That's the genuine spirit of brotherly fraternity 兄弟. You're a gem which shines in brilliance during the darkness of uncertainty. Bravo.

Yes, let market mechanisms determine the true worth of Alcom. Que Sera, Sera, Whatever Will Be Will Be ...

Jefflim1234 : Yes, my favourite slogan, " Beli, Goyang Kaki, Tunggu Duit Mari."

Jefflim1234, we have a SITUATION here. I think we Alcomates have been too honest, too sincere, too transparent that we have laid out all our cards and trading strategies widely open and bare for all to see.

Never know certain parties or even the BOSS have been closely following our discussions and subsequently map out strategies to neutralize our impact or leverage on them.

I suggest that from today onwards we keep things brief and short without revealing too many details.
In urgent matters or strategic intelligence, we can communicate through email

Let's practise, " Beli, Goyang Kaki, Tunggu Duit Mari." Of course, not to forget to make a premium cup of coffee and some snacks to pamper ourselves. Ha, ha, ha.

Jefflim1234, don't worry too much about those unscrupulous people who selfishly try to press down and exploit ultra cheap price when panicky people sell down low.

It is because the big BOSS (大老板) has the major controlling shares at hand. According to LPTan68, the major shareholders have about 71% at hand.

There are overall 134,331,000 million shares and the public float is not big. Any movement in price will appear to look materially drastic ups or downs.

Would the major shareholders be so foolish as to allow any parties or individuals to harm their monetary profits?

There is this Mr Yeoh Jin Hoe who has substantial stakes in Alcom, Kian Joo and its associate company Can One. (as pointed out by Zoomsboom)

Jefflim1234, the main worry is whether our Alcom brothers have the psychological strength to face up to these trying times? It's only human if ...

Good morning Jefflim1234. Appreciate your laborious efforts these few days.

OTHERS LB ALUMINIUM BERHAD ("LBALUM" or "the Company") -CHANGE OF COMPOSITION OF REMUNERATION COMMITTEE ("the RC")

The Board of Directors of LBALUM wishes to announce that, with effect from 17 August 2017, Mr Yap Chee Woon ceased to be a member of the RC and in place thereof, Mr Chew Kat Nyap has been appointed as a member of the RC.

The composition of the RC after the change is as follows:-

No. Name Designation
1. Mr Neoh Lay Keong (chairman) Senior Independent Non-Executive Director
2. Dato' Dr Mohd Husni bin Ahmad (member) Independent Non-Executive Director
3. Mr Chew Kat Nyap (member) Independent Non-Executive Director

This announcement is dated 17 August 2017.

RECOMMENDATION. : ALL BOARD OF DIRECTORS SHOULD TAKE A PAY CUT FOR THE GROSS MISTAKE OF "UNDERPROVISION OF ALLOCATION FOR DEFERRED TAXES." RESULTING IN A NET LOSS OF 76% IN AN OUTPERFORMING QUARTERLY REPORT.

OTHERS LB ALUMINIUM BERHAD ("LBALUM" or "the Company") - PROPOSED CHANGE OF AUDITORS

The Board of Directors of LBALUM wishes to inform that the Company had on 17 August 2017 received a notice of nomination from Datuk Leow Chong Howa, a major shareholder of the Company, of his intention to nominate Messrs BDO for appointment as Auditors of the Company in place of the outgoing Auditors, Messrs Crowe Horwath at the forthcoming Annual General Meeting ("AGM"), and to hold office until the conclusion of the next AGM of the Company, at a remuneration to be determined by the Directors ("Proposed Change of Auditors").

The Proposed Change of Auditors is subject to the shareholders' approval at the forthcoming AGM to be convened.

This announcement is dated 17 August 2017.