ALCOM GROUP BERHAD

KLSE (MYR): ALCOM (2674)

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Last Price

0.745

Today's Change

-0.025 (3.25%)

Day's Change

0.745 - 0.75

Trading Volume

7,600


1 person likes this.

5,602 comment(s). Last comment by Robert Waters 2023-05-23 22:32

Posted by Bystander123 > 2018-04-04 18:05 | Report Abuse

Stay calm folks ! whole market is down, KLCI down 35 pts (2%) attributed to trade war fears bet China & US. i think this is just excuse for big boys to trigger panic and squeeze the margin a/c players.
Normally, calm will be restored soon..

ALCOM is on firm,solid ground, no reason to abandon , unless you are on margin pressure.
In fact, only 74,800 shares done of which 35,000 at rock bottom 70 sen,
yes curi ayam kakis smiling happily today...

Posted by Bystander123 > 2018-04-05 12:48 | Report Abuse

Focus on the business and you will regain confidence that ALCOM's future is bright, the demand for coated finstock for air-cond is escalating and a new source of property revenue is being charted for future earnings stability, audited 2017 rpt and 1st Qtr rpt will be out soon..

Posted by Bystander123 > 2018-04-06 06:37 | Report Abuse

Let' see if ALCOM stage a strong rebound today, in line with expected good market sentiment from Dow Jones..so far holders not keen to be aggressive, just nibble at the temp. lows..

mrcrab

114 posts

Posted by mrcrab > 2018-04-06 10:49 | Report Abuse

I see small shark playing with Alcom.

Posted by Bystander123 > 2018-04-06 12:43 | Report Abuse

@mrcrab and all silent ALCOM holders, welcome back, yes, all holding firm , waiting for ALCOM's news due in April / May,

i think, not small shark, but firm supporter of ALCOM's new vision and proven mgmt, maybe top up to max. in uncertain market, let's join in to help one another, to hold the fort , from curi ayam kakis,.hahaha

(small/big sharks got more ready hunting grounds elsewhere..)

Posted by Bystander123 > 2018-04-06 12:47 | Report Abuse

See the msg from experienced hands, sell Q 1004 @76.5 sen, agree let's not sell below 76.5 maa...we can wait , news due in Apr/May.

Posted by Bystander123 > 2018-04-06 13:34 | Report Abuse

Aluminium raw material continued price downtrend and strong RM will have +ve impact to ALCOM (lower cost of production)

https://www.metalradar.com/lme-prices/aluminium/

Posted by Bystander123 > 2018-04-06 19:57 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5750173

ALUMINIUM COMPANY OF MALAYSIA BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description ALUMINIUM COMPANY OF MALAYSIA BERHAD ("ALCOM" OR THE "COMPANY")

(I) PROPOSED ACQUISITION;
(II) PROPOSED DIVERSIFICATION; AND
(III) PROPOSED INTERNAL REORGANISATION

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
The terms used herein shall have the same meaning as those defined in the announcement made on 2 January 2018 unless otherwise stated.

We refer to the announcements dated 2 January 2018, 12 January 2018, 25 January 2018, 13 February 2018 and 15 March 2018 in relation to the Proposals.

On behalf of the Board, UOBKH wishes to announce that Bursa Securities had vide its letter dated 6 April 2018, resolved to approve the admission to the Official List and the listing and quotation of the entire issued share capital of Alcom Group Berhad (“AGB”) of up to 134,330,850 ordinary shares under the “Industrial Products” sector of the Main Market of Bursa Securities, in place of Alcom.

AGB will assume the stock code, stock short name and ISIN code of Alcom.


Bursa has approved the exchange of existing ALCOM shares to a new holding company, "ALCOM Group Berhad' (AGB) as part of mgmt internal reorganisation.

Need shareholders approval at an EGM, probably set same date as the normal AGM, date to be set soon.

Posted by Bystander123 > 2018-04-08 15:31 | Report Abuse

At 75 sen, YTD ALCOM has declined 12% from 31/12/17 closing price of 85 sen This is much better than the FBMSCAP index which has dropped 18% in the same period.(31/12/17-16,965.46 6/4/18-13908.16). The slide is in line with market trend profit taking , esp. small cap. stks, as players took money off the table,in anticipation of uncertainty on GE14.

One reassuring sign is the very low volume accompanying ALCOM's price decline, which indicate most holders hold firm , to await expected good results to be reported soon.

In fact, the big cash payout of 52.5 sen last year, means majority of holders who bought last year, are still making money , and have confidence that ALCOM will continue to surprise on the upside this year.

So, this short window of opportunity, could be the last chance to buy on the cheap before the qtr results is out !

Posted by Bystander123 > 2018-04-08 15:45 | Report Abuse

__________________ 2018_ total vol.____ av. daily vol._ no. of trading days


__________________ 2018_ total vol.____ av. daily vol._ no. of trading days

___________________Jan._ 6,693,500______318,738_________ 21

___________________Feb._ 4,377,400_____ 243,188__________18

___________________Mar._ 1,514,300______ 68,831__________ 22

___________Apr (as at 6th)___180,600______36,120___________ 5

Posted by Bystander123 > 2018-04-09 06:58 | Report Abuse

April/ May mths have been good for ALCOM's share price in the past, let's hope this will continue to be so, this year..

Posted by Bystander123 > 2018-04-10 09:15 | Report Abuse

to all ALCOM Holders, patience and perseverance will be rewarded...boldness at appropiate time , doublely so..!

Posted by Bystander123 > 2018-04-10 09:19 | Report Abuse

notice someone bgt 409 lots at 9 am ?

Posted by Bystander123 > 2018-04-10 09:23 | Report Abuse

Happy investing/trading to all ALCOM holders !

Posted by Bystander123 > 2018-04-10 15:25 | Report Abuse

No more last calls from here.. 80 sen taken out.. good luck to all !!

Posted by Bystander123 > 2018-04-10 15:59 | Report Abuse

90 sen is in sight, but anything less than rm1, you will sure regret..pls be patient to take profit, just started only..

Posted by Bystander123 > 2018-04-10 16:59 | Report Abuse

Good show for ALCOM today !!! Let's hope for encore tomorrow..HUAT AH !!!

singh1

1,008 posts

Posted by singh1 > 2018-04-11 00:03 | Report Abuse

Huat ah!!

singh1

1,008 posts

Posted by singh1 > 2018-04-11 00:04 | Report Abuse

Bursa shares gonna rally for GE14.

carilembu

1,249 posts

Posted by carilembu > 2018-04-11 09:34 | Report Abuse

laggard and low volume... other metal stocks have rallied ! Matter of time alcom's turn..

Posted by Bystander123 > 2018-04-11 11:40 | Report Abuse

can ALCOM hit 90 sen today ?

Yael Jasper

2,178 posts

Posted by Yael Jasper > 2018-04-11 16:33 | Report Abuse

e can wait , news due in Apr/May.

Yael Jasper

2,178 posts

Posted by Yael Jasper > 2018-04-11 16:37 | Report Abuse

hahaha!

carilembu

1,249 posts

Posted by carilembu > 2018-04-11 16:48 | Report Abuse

going to RED Palace..

Posted by Bystander123 > 2018-04-11 17:00 | Report Abuse

market sentiments still good, hope will HUAT tmrw , hahaha

Posted by Bystander123 > 2018-04-12 11:02 | Report Abuse

Hold tight,tight, just a matter of time, before rotational play favours ALCOM
Always got pause, before resumption of uptrend maa..

Posted by Bystander123 > 2018-04-12 11:24 | Report Abuse

these curi ayam kakis still kedekut, want to collect more cheap,cheap, we can wait , their time frame is limited , apri-may, hahaha...

Posted by Bystander123 > 2018-04-12 16:09 | Report Abuse

saw these curi ayams kakis in action at 3.54pm ? sold down 400 shares @ 78 sen ,after supporter bgt 10,000 shares at 81.5 sen earlier ,.. looks like someone not ready yet..haha

Posted by Bystander123 > 2018-04-15 15:56 | Report Abuse

The sudden unexpected US trade sanctions on Russia's aluminium producer, United Co. Rusal, last week has lead to sudden reversal of the metal's price downtrend.

https://www.cnbc.com/2018/04/09/russian-stocks-crash-on-new-sanctions-aluminum-prices-soar-on-penalties-to-global-producer-rusal.html
https://www.bloomberg.com/news/articles/2018-04-11/aluminum-gets-iran-style-crisis-as-rusal-shut-from-world-market

This could have affected bullish sentiments on ALCOM and resulted in temp. disruption of its price upswing last week.

ALCOM's mgmt has already forseen this issue of rising raw metal prices and have put in place productivity improvements , capacity expansion to meet increasing demand for air-cond finstock and bold strategy to diversify into niche industrial park development, to open a major second revenue stream, to leapfrog the company to a new level.

So, lets continue to hold firm, and await the latest news flow due in April/May reporting season.

Posted by Bystander123 > 2018-04-15 16:21 | Report Abuse

The current mgmt has proven its worth /capability , to turn around a loss-making company and make a record 52.5 sen cash payout last year. expect more positive surprise, and rest assure this mgmt is fully up to the task to lead and navigate ALCOM to greater heights going forward.

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-04-16 11:38 | Report Abuse

AGB will assume the stock code, stock short name and ISIN code of Alcom.

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-04-16 11:38 | Report Abuse

so u guys be carefull

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-04-16 11:42 | Report Abuse

Aluminium raw material continued price downtrend and strong

abcde12345

493 posts

Posted by abcde12345 > 2018-04-16 13:25 | Report Abuse

Huat ah!!

Jessie Ng

502 posts

Posted by Jessie Ng > 2018-04-16 13:35 | Report Abuse

heat ah!

Posted by Bystander123 > 2018-04-16 13:35 | Report Abuse

Yes, v. few sellers now, all hold firm for +ve news flow to propel ALCOM above rm1, strong buy at current low price..

Posted by Bystander123 > 2018-04-17 10:49 | Report Abuse

wow ! v. +ve sentiments today, notice all buyers Q above 80 sen ! so , pls dont sell too low, will sure to regret, anything below rm1,. on the way !

Posted by Bystander123 > 2018-04-17 10:50 | Report Abuse

anyone got inside news on ALCOM to share ? thks...

Posted by Bystander123 > 2018-04-17 10:57 | Report Abuse

dont give chance to curi ayam kakis, when sentiment is good, let them pay a fair,higher price or they a..can wait,wait.we not hard up to sell below rm1,..hahaha..!

carilembu

1,249 posts

Posted by carilembu > 2018-04-17 16:23 | Report Abuse

keep until 1.20

Posted by Bystander123 > 2018-04-17 17:21 | Report Abuse

yep ! good buying support at above 80 sen today, not usual pattern, maybe someone sniff out some +ve news flow, on the way ?

yuanlong57

1,528 posts

Posted by yuanlong57 > 2018-04-17 22:45 | Report Abuse

Aluminum sanctions convulse market as rally to US$3,000 forecast
Read more at https://www.thestar.com.my/business/business-news/2018/04/17/aluminum-sanctions-convulse-market-as-rally-to-us$3000-forecast/#GzeLLex55YUOiBpR.99

singh1

1,008 posts

Posted by singh1 > 2018-04-18 04:49 | Report Abuse

Thanks for the updates. Rising alumina prices can be a double edged sword. Benefits the co. in the short term as the value of stock in hand goes up but down the road as the stock is replenished, cost of purchases goes up as well. Short term gain, long term pain.

yuanlong57

1,528 posts

Posted by yuanlong57 > 2018-04-18 09:17 | Report Abuse

You've a point. Hence, efficiency and prudence of management in striking a healthy balance is highly essential.

Jessie Ng

502 posts

Posted by Jessie Ng > 2018-04-18 11:09 | Report Abuse

keep

abcde12345

493 posts

Posted by abcde12345 > 2018-04-18 12:25 | Report Abuse

thank

Posted by Bystander123 > 2018-04-19 10:39 | Report Abuse

WOW !! BUY ! BUY !

Posted by Bystander123 > 2018-04-19 10:43 | Report Abuse

Sell , will bring regrets, hahaha
at least, just HOLD until above rm1..

singh1

1,008 posts

Posted by singh1 > 2018-04-19 11:12 | Report Abuse

It's a POP!! He! He!

Posted by Bystander123 > 2018-04-19 11:14 | Report Abuse

Huat Ah !!

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