ANCOM LOGISTICS BERHAD

KLSE (MYR): ANCOMLB (0048)

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Last Price

0.175

Today's Change

+0.005 (2.94%)

Day's Change

0.17 - 0.18

Trading Volume

5,388,900


6 people like this.

5,127 comment(s). Last comment by LOOK009 1 week ago

Posted by Investing_Bursa > 2 weeks ago | Report Abuse

Steady steady

MrsLee

977 posts

Posted by MrsLee > 2022-01-26 12:08 | Report Abuse

still at 0.30...

Posted by Investing_Bursa > 2022-01-26 13:15 | Report Abuse

Ban ban lai is the best

lamy92

745 posts

Posted by lamy92 > 2022-01-26 14:25 | Report Abuse

Buy now.. Will be break at 0.33

Posted by Investing_Bursa > 2022-05-09 12:07 | Report Abuse

Hold tight tight . To max gain hold it . I have fat profit but not selling yet . Hold tight tight

Posted by pelaburuntung > 2022-01-26 15:01 | Report Abuse

doh kabo wat mende

JUNGLE

226 posts

Posted by JUNGLE > 2022-01-26 15:05 | Report Abuse

This one is the side dish. Collection mode by the operators. Once RTO is officially announced, will fly.

Posted by Investing_Bursa > 2022-01-26 15:08 | Report Abuse

Lol... if everyday day side dish, I don’t mind......slowly climb climb till main dish served

JUNGLE

226 posts

Posted by JUNGLE > 2022-01-26 15:54 | Report Abuse

@investing_bursa haha. I would hope so too!

Anaconder

1,031 posts

Posted by Anaconder > 2022-01-26 16:22 | Report Abuse

Moving up like creepers

Timercheng

733 posts

Posted by Timercheng > 2022-01-26 16:36 | Report Abuse

Many retail players got stuck @ ard Rm40sen loh!

Timercheng

733 posts

Posted by Timercheng > 2022-01-26 16:43 | Report Abuse

Very strong resistance at 40 sen .If can break through , hallelujah!

Posted by T800Terminator > 2022-01-26 18:23 | Report Abuse

Up for 4 days, time to rest tomorrow?

UCanDoIt

91 posts

Posted by UCanDoIt > 2022-01-26 19:34 | Report Abuse

Time to collect if got opportunity

High5

1,269 posts

Posted by High5 > 2022-01-26 19:58 | Report Abuse

Not only us waiting for RTO to go thru...My Eg too is waiting, My Eg alrdy pd RM176mil to S5 for 20% stake

MrsLee

977 posts

Posted by MrsLee > 2022-01-26 20:54 | Report Abuse

Time to collect at 0.31

UCanDoIt

91 posts

Posted by UCanDoIt > 2022-01-27 09:21 | Report Abuse

Collect

willee2

1,088 posts

Posted by willee2 > 2022-01-27 09:42 | Report Abuse

As expected down. Run

JUNGLE

226 posts

Posted by JUNGLE > 2022-01-27 09:51 | Report Abuse

Today mostly retailers selling down

Posted by Investing_Bursa > 2022-01-27 09:54 | Report Abuse

Normal as up so many days . Profit taking only . For those who wish to add, can slowly do so

UCanDoIt

91 posts

Posted by UCanDoIt > 2022-01-27 10:04 | Report Abuse

Thx for d lead and confidence on ALB

High5

1,269 posts

Posted by High5 > 2022-01-27 11:58 | Report Abuse

We will see a good 3 mths rally of ancomlb as the countdown to the 3mths dateline ...in btw there might some yo yo pattern but up trend wil b intact as long announcement not yet out...Risks is aborted deal...otherwise price wil cont run up

Posted by Investing_Bursa > 2022-01-27 15:06 | Report Abuse

The technicals are looking good. As long as it is on uptrend mode, just hold tight tight

Posted by Investing_Bursa > 2022-01-27 16:38 | Report Abuse

I nibbled a bit to show support today. Just to add a bit more ....lol

Posted by Investing_Bursa > 2022-01-27 16:42 | Report Abuse

Bought 4 tranches .@ 15, 18, 23 and now at 29.5 ( only nibble at 29.5)

Mar2083

753 posts

Posted by Mar2083 > 2022-01-27 18:44 | Report Abuse

Luckily let go at 0.31

Posted by T800Terminator > 2022-01-27 19:17 | Report Abuse

10M volume and drop only 3 bids, standing strong. Still uptrend

High5

1,269 posts

Posted by High5 > 2022-01-28 08:18 | Report Abuse

In July last year, the group announced a restructuring exercise that would see ALB's logistics business moved to Nylex.
Following that, an immigration technology company S5 Holdings Inc would be injected into ALB.
S5 is an integrated security IT solutions company to the government. It is mainly involved in the provision of security technology, intellectual property as well as the development and customisation of solutions and systems, consultancy and support in all related information technology and security industries.
This corporate exercise is still ongoing and has yet to be completed.

High5

1,269 posts

Posted by High5 > 2022-01-28 08:19 | Report Abuse

Excerpt fr an article that came out in The Edge bk in April 2021

High5

1,269 posts

Posted by High5 > 2022-01-28 08:23 | Report Abuse

Ytday Ancom announced completion of take over Nylex biz which triggered Bursa Rule 8.03A which Nylex is now wtout core biz n has 12 mths to submit regularisation plan. Ancom group restructuring plan ...Ancom take over Nylex biz...Nylex take over Ancomlb biz...paving way for S5 & Ancomlb RTO

High5

1,269 posts

Posted by High5 > 2022-01-28 08:24 | Report Abuse

3 months to finalise RTO...fr 16th Jan 2022...

Posted by Investing_Bursa > 2022-01-28 09:58 | Report Abuse

Hold tight tight and can add on weakness

Nazzzz

9 posts

Posted by Nazzzz > 2022-01-28 11:46 | Report Abuse

Support 280 seem not strong enough. Will it go back to 250 ? Lol

JUNGLE

226 posts

Posted by JUNGLE > 2022-01-28 11:46 | Report Abuse

As usual... retailers throwing down...

MrsLee

977 posts

Posted by MrsLee > 2022-01-28 11:51 | Report Abuse

Hopefully will not back to square 0.25

JUNGLE

226 posts

Posted by JUNGLE > 2022-01-28 11:55 | Report Abuse

From what I see might re-test lower prices before heading higher.

JUNGLE

226 posts

Posted by JUNGLE > 2022-01-28 11:56 | Report Abuse

As long as there is no official RTO announcement, there will always be profit takers. Which results in choppy price action.

Posted by Investing_Bursa > 2022-01-28 12:10 | Report Abuse

Volume is low on a down day, it’s a good sign. Can add on weakness. Steady guys

Posted by Investing_Bursa > 2022-01-28 12:12 | Report Abuse

Look at the technicals. It’s nice !

JUNGLE

226 posts

Posted by JUNGLE > 2022-01-28 12:51 | Report Abuse

@investing_bursa yup I agree. But this stock is famous for choppy price action. So might have more downside before grinding up again.

Everytime it grind up in high volume, many retailers queue above to sell.

MrsLee

977 posts

Posted by MrsLee > 2022-01-28 13:04 | Report Abuse

support at 0.28??

JUNGLE

226 posts

Posted by JUNGLE > 2022-01-28 13:11 | Report Abuse

@mrslee hard to say. Must see when will retailers stop selling down.

UCanDoIt

91 posts

Posted by UCanDoIt > 2022-01-28 13:19 | Report Abuse

Seems retailers taking profit first before CNY.

Posted by Investing_Bursa > 2022-01-28 13:30 | Report Abuse

It’s normal before long holidays . Just buy hold for coming weeks !

JUNGLE

226 posts

Posted by JUNGLE > 2022-01-28 15:33 | Report Abuse

If today can close at 0.29 or above, based on funds flow, next 2 weeks ready to fly up the sky.

Nazzzz

9 posts

Posted by Nazzzz > 2022-01-28 16:22 | Report Abuse

@jungle music to my ears

Posted by Investing_Bursa > 2022-01-28 16:24 | Report Abuse

So low volume today . It’s a good sign.

MrsLee

977 posts

Posted by MrsLee > 2022-01-29 16:52 | Report Abuse

No more throwing...Monday will start to collect again..

charlie chia

2,144 posts

Posted by charlie chia > 2022-01-29 21:28 | Report Abuse

As mentioned in the edge today page 16
S5 RTO is still on with extended period of 3 months,
Mr Lee mentioned that other parties also keen and knocking on the door for back door listing

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