Posted by Bystander123 > 2018-06-01 10:46 | Report Abuse

ALCOM has great potential to outperform by end of the year, AGM/EGM is next week on 6th June, could see some upside, as the NTA is 89 sen , with conservative prospective PE of 7.
But for short-term punters, better to look elsewhere, as the volume is still too low for easy trading gains

Posted by Bystander123 > 2018-06-01 19:51 | Report Abuse

correction : AGM/EGM is on thurs. 7th June, hopefully it will be a good week for ALCOM's share price !

Posted by yuanlong57 > 2018-06-02 23:52 | Report Abuse

Looking forward to attend the AGM.

Posted by ivyong1966 > 2018-06-04 16:47 | Report Abuse

any idea what is the voucher?

Posted by Bystander123 > 2018-06-05 20:05 | Report Abuse

no idea, just have to go and find out..
looking more for positive msg from the BOARD on ALCOM's prospects

Posted by ivyong1966 > 2018-06-07 15:07 | Report Abuse

It's only Aeon vouchers (RM30)
Anyway did not stay to the end cos it was boring ... Anyone can give some update? (wink, wink)

Posted by Bystander123 > 2018-06-07 15:19 | Report Abuse

key take-away from today's AGM/CCM/EGM:

a) all resolutions were approved by poll taken, by mostly 100% of voters/proxy present
b) v. impressed by the BOARD chairman n members, who were able to answer questions from the floor, in a clear and patient manner
c) no plans for rights issue at this moment
d) no plans to activate Share-buy-back at the moment, BOARD prefer to use the funds to invest in the business , to enhance value for shareholders
e) BOARD is optimistic that future is good for ALCOM and is working hard to ensure shareholders get good dividends and capital returns when the current proposals are implemented over the next 2 years.

Conclusion/ my view :
the current low share price is a golden window of opportunity to add more shares, as it is still below NTA of 89 sen.
shd see ALCOM share increase in value by the next Qtr results announcements

Posted by Bystander123 > 2018-06-07 16:33 | Report Abuse

notice the rare strong buying momentum today ? (9 of 11 trans. as at 4.32 pm)
let's hold firm, n be patient a bit longer, NTA is 89 sen..haha

Posted by The_Reds > 2018-06-07 20:19 | Report Abuse

thanks Bystander123 for the summary..glad to hear that they din plan for RI..good luck everyone and we shall make this forum hot again after 1-2 years

Posted by Bystander123 > 2018-06-07 23:10 | Report Abuse

Yes, hopefully this forum will be hot again very soon since the key resolutions are now approved and positive news flows starts for ALCOM...

Posted by carilembu > 2018-06-08 10:05 | Report Abuse

looks like no beautiful stories of the golden palace for the next 2 years...

Posted by Bystander123 > 2018-06-08 10:55 | Report Abuse

http://www.theedgemarkets.com/article/aluminium-stay-above-us2000-near-term

Alcom chief executive officer cum president Heon Chee Shyong said aluminium pricing has been volatile for the past one month and will remain so going forward in light of geopolitical risks.

“Aluminium prices are fluctuating more than it’s fundamentally justified,” said Heon, adding that: “It (prices) is rather geopolitical-influenced at the moment.”

On the group’s prospects, the aluminium sheet and foil products maker expects a strong year for the financial period ending Dec 31, 2018 despite the geopolitical risks and external headwinds that have caused uncertainty for the business.

The demand for its products is still stable and its key market in Europe is holding strong, said Heon. The group also intends to continue to seek out and penetrate other new geographies for market expansion and to improve margins.

On the other hand, Alcom is also set to develop a property project with a gross development value of about RM500 million in Kota Damansara.

Its managing director Datuk Lim Chee Khoon said the land to be acquired in Kota Damansara, Selangor will be developed into an e-commerce hub comprising showrooms, offices and storage spaces to serve the growing needs of digital businesses.

Posted by Bystander123 > 2018-06-08 10:57 | Report Abuse

pls note :
' expects a strong year for the financial period ending Dec 31, 2018 despite the geopolitical risks and external headwinds that have caused uncertainty for the business.'

Posted by yuanlong57 > 2018-06-08 11:35 | Report Abuse

I attended the AGM yesterday. The Board of Directors are quite professional in their approach of handling challenging questions.

They have clear directions for future growth and expansion as well as prudent strategies according to the dictates of the markets. ALCOM has unparalleled strength in specific market segments.

Patience is required for the plans to roll out and achieve its desired objectives. Only voted 2/3 as I had to rush over to Dorsett Hotel in Subang to attend Petron AGM.

Posted by ivyong1966 > 2018-06-08 16:28 | Report Abuse

So i take it there's no dividend to be paid this year?

Posted by carilembu > 2018-06-08 16:44 | Report Abuse

got to ask jefflim lah

Posted by TAN68 > 2018-06-08 18:00 | Report Abuse

The_Reds ，yuanlong57 您们好，alcom 您们怎样看？

Posted by yuanlong57 > 2018-06-10 21:50 | Report Abuse

TAN68, 我还是看好ALCOM(AGB). ALCOM的董事他们都是老将, 他们有个方面的专业, 有丰富经验怎样处理ALCOM大事业. ALCOM通过资本回退后必须一点时间从新建固事业. 投资者必须忍耐一段时间. 这只不过我的看法而已.

Posted by Tlpang68 > 2018-06-18 17:24 | Report Abuse

yuan long 我也是很看好他，

Posted by ivyong1966 > 2018-06-19 17:05 | Report Abuse

Can you guys write in english pls... I can't read Chinese(sob, sob)

Posted by wajatimur_28 > 2018-06-20 08:53 | Report Abuse

http://www.theedgemarkets.com/article/top-glove-gsb-kerjaya-prospek-prg-gabungan-aqrs-press-metal-lay-hong-and-airasia

Posted by wajatimur_28 > 2018-06-20 08:53 | Report Abuse

http://www.theedgemarkets.com/article/top-glove-gsb-kerjaya-prospek-prg-gabungan-aqrs-press-metal-lay-hong-and-airasia

Posted by wajatimur_28 > 2018-06-20 08:54 | Report Abuse

Alcom for take over by pmb?

Posted by yuanlong57 > 2018-06-20 09:02 | Report Abuse

@ivyong1966
Translation
Tan68, I still hold a positive outlook on ALCOM (AGB). The ALCOM Board of Directors are veterans in their field of expertise with rich experience in the trading business of aluminium. After the substantial cash repayment and rich dividend give out last year, ALCOM needs some time to reconfigure and reconstruct the business. Investors need to have patience for some time. This is only my personal view.
Tlpang68 yuan long I share a similar outlook on ALCOM.

Posted by yuanlong57 > 2018-06-20 09:45 | Report Abuse

@ wajatimur
[ ALCOM for takeover by PMB ]
Unlikely. Extract of statement by PMB:
"Koon said Press Metal's acquisition target could be either downstream or upstream players, but unlikely ones that are local."

Posted by ivyong1966 > 2018-06-20 11:46 | Report Abuse

Thanks for the translation :)

Posted by Bystander123 > 2018-06-21 16:54 | Report Abuse

70% of ALCOM's revenue (mainly coated finstock for air-cond) comes from export sales. With Aluminium prices still above Rm2000 and Rm weakened to below 4.00 to US $, increased revenue growth is expected in 2nd Qtr ending June 2018.
With the startup expenses for the property subsidiary already allocated in 1st Qtr, the coming 2nd Qtr results should be bright and strong, as hinted by Alcom chief executive officer cum president Heon Chee Shyong.
So, let's be patient and stay positive !

Posted by Bystander123 > 2018-06-22 23:22 | Report Abuse

Great resolve shown by all ALCOM holders today, will not give in to these kedekut buyers offering so unreasonable buy price of 72.5 sen when NTA is 89 sen . no deal !

those of us who attended the recent AGM and met with ALCOM's BOARD , notably chief executive officer cum president Heon Chee Shyong, Group MD Dato Lim Chee Khoon , ED Yeoh Jin Hoe,and their mgm team, will be impressed with their vision, business strategies and focus to make ALCOM a transformed growth enterprise , with manufacturing and property revenues within next 12 months.

Their only drawback seem like, these guys are totally focused on the business , to deliver good results and dont play play their shares in the market...
So, we small investors, just have to change our mindset, to act as part business owners with these top notch ALCOM taikos and wait patiently for the results to show, esp. the Qtr results in August..hahaha..
meantime, lets not sell ALCOM short, its definately worth much more then 89 sen..!!

Posted by ivyong1966 > 2018-06-25 10:10 | Report Abuse

Thanks for your kind update appreciate it very much ... :)

Posted by yuanlong57 > 2018-06-27 12:35 | Report Abuse

An Opportunity Arising from E-commerce, The Edge, 27 June 2018
ALCOM's industrial park project plans is a timely strategy. It is hoped that ALCOM will be able to leverage on the opportunity afforded by e-commerce.
http://www.klsescreener.com/v2/news/view/397309

Posted by ivyong1966 > 2018-06-27 17:17 | Report Abuse

Alcom shares dropped quite a bit these 2 days...

Posted by Bystander123 > 2018-06-28 17:12 | Report Abuse

actually, only 2 days of low volume (5,000 shares) sale at lelong 0.715 sen,
could be due to concern over the -ve sentiment by seller or cunning fox throw low, to try generate panic sale.
not worrying, as the news ahead is bright on earnings n progress towards mgmt's vision on the 2nd earnings front in niche e-commence property front.
So, these kedekut buyers can continue to wait for their cheap sale price n pay much, much higher later, As is shown today, ALCOM holders are not interested to sell below 89 sen !

Posted by singh1 > 2018-06-29 21:21 | Report Abuse

Bystander123 This e-commerce thing, do you think they are having some connections with Jack Ma? Silk road?

Posted by Bystander123 > 2018-06-30 22:36 | Report Abuse

@singh1 thks for your sharp deductions !

With Jack Ma being the active driver of Malaysia's Digital Free Trade Zone (DFTZ) and his group setup of e-fulfillment hub here, the local e-commerce industry will sure grow by leaps n bounce, and fuel big demands for ALCOM's property industry park which is tailored for SME's in the e-commerce business.
This project will sell like hot cakes ! hope it get launched earlier than the scheduled date (next year) and it will be a great idea if ALCOM can tap into the Jack Ma connections !

Posted by yuanlong57 > 2018-07-05 22:03 | Report Abuse

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS | http://www.klsescreener.com/v2/announcements/view/28895059
ACQUISITION BY EM HUB SDN BHD, A WHOLLY-OWNED INDIRECT SUBSIDIARY OF ALCOM, OF A PARCEL OF VACANT LEASEHOLD INDUSTRIAL LAND HELD UNDER LAND TITLES HSD 242971 PT 10568 AND HSD 242972 PT 10570, BOTH IN PEKAN BARU SUNGAI BULOH, DISTRICT OF PETALING, STATE OF SELANGOR FROM SELEKSI MEGAH SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF PARAMOUNT CORPORATION BERHAD, FOR A TOTAL CASH CONSIDERATION OF RM92,129,400 ("ACQUISITION")

Posted by Bystander123 > 2018-07-06 14:24 | Report Abuse

Great news ! notice smart buyer quickly eat up limited lelong stocks on offer ?
have confidence and patience until end-Aug when the nxt Qtr results will be out.

Posted by Bystander123 > 2018-07-06 14:26 | Report Abuse

The property project is proceeding smootly as planned by the mgmt.
Notice ALCOM mgmt has no issue with coming out with the balance Rm92 m to complete the purchase ?
it shows the Banks have confidence in this game changer transformation for ALCOM !

Posted by Bystander123 > 2018-07-06 14:29 | Report Abuse

meantime, lets not sell ALCOM short, its definately worth much more then 89 sen..!!
for those who have extra long-term funds (keep, until nxt year), ALCOM is a compelling choice...

Posted by Bystander123 > 2018-07-10 14:44 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5849441

Immediate Announcement of Changes in Treasury Shares
ALUMINIUM COMPANY OF MALAYSIA BERHAD

Date of transaction 09 Jul 2018
Currency Malaysian Ringgit (MYR)
Type of changes Resale
Total number of treasury shares changed (units) 509,500
Minimum price paid for each share sold ($$) 0.715
Maximum price paid for each share sold ($$) 0.720
Cumulative net outstanding treasury shares as at to-date (units) 490,500
Adjusted issued capital after cancellation (no. of shares) (units) 134,330,848


Remarks :

Resale of treasury shares in open market. The issued capital remain unchanged i.e. 134,330,848 ordin

Posted by Bystander123 > 2018-07-10 14:48 | Report Abuse

looks like all ALCOM holders refuse to sell , as seller at 71.5-72 sen is from treasury shares..
notice, was grabbed quickly by ready buyer(s)..how did these buyer(s) knew got treasury shares going at lelong price ??

Posted by Bystander123 > 2018-07-10 14:49 | Report Abuse

hold tight,tight everyone !! (71.5-72 is lelong price ..)

Posted by Bystander123 > 2018-07-10 15:05 | Report Abuse

dont understand why ALCOM mgmt want to sell treasury shares at lelong price now.. notice the price did not plunge, means already got ready buyer(s) waiting..

Posted by Bystander123 > 2018-07-10 15:11 | Report Abuse

sympathy to those excited to join in lelong sale yesterday (throw 28,200 shares) & today..
just hold tight,tight is the way to play against these kedekut buyers, at least until Qtr results in Aug.

Posted by yuanlong57 > 2018-07-10 19:13 | Report Abuse

https://www.thestar.com.my/business/business-news/2018/07/10/mycron-steel-shares-rise-27-6pc-in-early-trade/

"It has been reported that steel prices and aluminium premiums are shooting up in the US thanks to tariffs"

Posted by Bystander123 > 2018-07-10 19:27 | Report Abuse

good news for ALCOM, as the increased cost is passed to buyers, so can expect higher profits !

Posted by Bystander123 > 2018-07-10 19:52 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5850613
balance of treasury shares all sold today, let's hope big buyer(s) can now do the necessary .

Posted by carilembu > 2018-07-16 15:43 | Report Abuse

so down and quiet

Posted by Bystander123 > 2018-07-16 17:28 | Report Abuse

quiet could be sign that big buyers who sapu the 1 m treasury shares cheap last week, still hoping for more lelong stks frm us, small retailers. These big buyers are real pro n v kedekut one,
let's wait for the Qtr results nxt mth, as the results shd be good...

Posted by Bystander123 > 2018-07-17 10:51 | Report Abuse

the fact that 1 m treasury shares can be easily sapu by ready buyer at lelong 71.5-72 sen last mon/tue indicates this buyer got good connections with mgmt n knows what is the true value of ALCOM, going forward. just need to match their patience to land the big one here, hihi..

Posted by singh1 > 2018-07-18 21:42 | Report Abuse

Why did Alcom sell their treasury shares and why at low price???