thks for your confidence in prospects for ALCOM ! that's Y , i'm holding, n u can see from t action, no panic sell, n got hidden support, waiting for t next signal, haha !
Just like to highlight , well managed , performing companies tht is not fancied yet by stk pickers, but t mgmt has made a major shift in business strategy, tht could impact favourably, going forward. Naturally, got take some position here, hihi
a word of caution though, that the recent rally above rm1, looks like not sustaining, n it may drift slowly south, until the coming EGM, to b announced soon.
So, not for contra n short term players just yet.
for players willing to hold, due to the +ve FA factors highlighted, pls keep spare bullets always, cannot b aggressive buyers until it cross rm1 convincingly.
Date of change 24 Jan 2018 Name MR MARC FRANCIS YEOH MIN CHANG Age 33 Gender Male Nationality Malaysia Designation Alternate Director Directorate Executive Type of change Appointment Qualifications - Master of Business Administration in Finance from University of Southern Queensland, Australia - Bachelor of Science Degree in Electrical and Electronic Engineering (Magna cum Laude) from Marquette University, United States of America Working experience and occupation He is the Group Managing Director of Can-One Berhad ("Can-One"). Prior to this, he was the Chief Operating Officer cum Executive Director of Can-One group of companies.
Before he joined Can-One, he was with Axiata Group Berhad group of companies serving in various senior positions abroad from 2007 to 2010. Directorships in public companies and listed issuers (if any) Can-One Berhad Family relationship with any director and/or major shareholder of the listed issuer He is the son of Yeoh Jin Hoe, the Executive Director and major shareholder of the Company. Any conflict of interests that he/she has with the listed issuer Nil Details of any interest in the securities of the listed issuer or its subsidiaries Nil
Profile of Big Boss , Yeoh Jin Hoe, aged 70, major shareholder (29.66%) -
- Executive Director of ALCOM
- He is a major shareholder and Non-Independent Non-Executive Director. of CAN-ONE BERHAD
- Group Managing Director of Kian Joo Can Factory Berhad
- Group Managing Director oF Box-Pak (Malaysia) Bhd.
He has extensive experience in the manufacturing and trading industries, having been the founder of several companies involved in the manufacturing sector.
The Kaiserkorp Sdn. Bhd. group of companies (“Kaiserkorp Group”) which manufacture and distribute “KingKoil” and other branded mattresses as well as other sleep related products in Malaysia were started by him in the 1980s.
He also founded Agrow Malaysia Sdn. Bhd. group of companies, which distribute sanitary wares, ironmongery and builders’ hardware. Thereafter, he went on to establish Ibufood Corporation Sdn. Bhd. group of companies (“Ibufood Group”) which manufacture and distribute instant noodles, food seasonings, instant soups and marinades.
Date of change 08 Nov 2017 Name MR HEON CHEE SHYONG Age 50 Gender Male Nationality Malaysia Type of change Redesignation Previous Position Managing Director New Position President Directorate Executive Qualifications Bachelor of Civil Engineering (Hons) and Bachelor of Commerce Management, University of Wollongong, Australia Working experience and occupation He had accumulated 22 years of working experience within the NS BlueScope Steel group holding numerous key leadership roles. He is currently the Chairman of Aluminium Manufacturers Group of Malaysia (FMM-AMGM). Family relationship with any director and/or major shareholder of the listed issuer Nil Any conflict of interests that he/she has with the listed issuer Nil Details of any interest in the securities of the listed issuer or its subsidiaries Nil
We refer to the announcements dated 2 January 2018 and 12 January 2018 in relation to the Proposals.
On behalf of the Board, UOBKH wishes to announce that the High Court at Shah Alam has fixed 13 February 2018 as the court hearing date for the Company’s application to obtain leave of court to convene a meeting of its members in relation to the Proposed Internal Reorganisation pursuant to Section 366 of the Act.
Yes, on v low volume, major shareholders still not in hurry to boost up yet, lowest is 85 sen so far, so can slowly add, below 90 sen , with a view of price recovery by CNY / EGM, i think the BOARD is smart people,n know what to expect at EGM, if price still not performing, haha !
Looks like BURSA Malaysia 's corrective wave, will go full swing on Monday.
But, for those who invested in sound fundamental stks like ALCOM n selected blue chips in KLCI can stay confident, that these stks can weather the oncoming storm.
No need to panic sell, bcause the drop in sound fundamental stks will b minor, compared to over-speculated stks, whc have big followings.
Sound fundamental stks like ALCOM, will rebound swiftly once the storm blow over.
As everyone knows,at 89 sen, ALCOM is already v. near its lowest level of 85 sen, a v. attractive level to buy on dips, but as always, pls keep some cash reserves at all times.
CNBC : Dow plummets 666 points, capping worst week in 2 years Friday marked the first time since June 2016 that the Dow fell at least 500 points. The major indexes posted their worst weekly performance in two years. The benchmark 10-year yield rose to 2.85 percent. Fred Imbert | Silvia Amaro Published 21 Hours Ago Updated 9 Hours Ago
Bystander123 My standing ovation for all your efforts in one-man standing courageously in lifting high the lofty flag of ALCOM in trying and testing times.
The warm encouragement through your detailed and rational analyses is superb and highly commendable. Keep it up! Thanks.
Yuanlong57, A v. brave investor, to make comments now in ALCOM, haha Know tht many of us believe tht this illustrious BOARD , is capable of achieving great things , going forward. But, as always , t BOARD , try to pretend , they are not working for us , their BOSSES, taking their own time, to show their hand ! Just have to b patient, wit these TOP GUNS... hahahaha !
Now is t time to use our cash reserve ,but unless u got deep deep pocket like WB, its only human to b fearful n a bit greedy only . Guess safety first, let t storm blow over , knowing tht ALCOM ‘s BOARD is more worried thn us, small investors , is also good option....
did not expect ALCOM, to go below 85 sen, but, as everyone know, got some cunning big buyer, who still not collected enough, n was able to make use of the current chaos, to his advantage..
Thanks to existing holders who came out to show their strength, this cunning, kiamsiap kedekut buyer, did not achieve his main objective...
Yes, when existing ALCOM holders unite, n dont sell cheap, we can see +ve results,
Coming EGM, will have big news on ALCOM's new vision n plans publicised, which will be +ve for ALCOM's shares...
Till then, just have to hold firm...see u at EGM.. !
ACT 125 COMPANIES ACT 1965 (REVISED - 1973) PART V - MANAGEMENT AND ADMINISTRATION DIVISION 3 - MEETINGS AND PROCEEDINGS
Section 144. Convening of extraordinary general meeting on requisition.
(1) The directors of a company, notwithstanding anything in its articles, shall on the requisition of members holding at the date of the deposit of the requisition not less than one-tenth of such of the paid-up capital as at the date of the deposit carries the right of voting at general meetings or, in the case of a company not having a share capital, of members representing not less than one-tenth of the total voting rights of all members having at that date a right to vote at general meetings, forthwith proceed duly to convene an extraordinary general meeting of the company to be held as soon as practicable but in any case not later than two months after the receipt by the company of the requisition.
could b as early as 2 weeks,up to the BOARD, so earliest is end of Feb
My view on Alcom. With an extra source of income from development , the purchase of land at Kota Damansara is consider the last pcs of big land at KD. Guess the project will be sellable. And seems like management holding majority of tix on hand. To push up the price in conjunction with their egm / announcement / new move
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....
Bystander123
785 posts
Posted by Bystander123 > 2018-01-13 13:40 | Report Abuse
wow ! i will hold my ALCOM shares, thks for feedback, now know got many savvy holders in ALCOM, HUAT AH !!