If Q2 results is much better than Q1 then turnaround is confirmed. It should then head towards next new high of 1.50 by Q3 results release. My personal investment opinion (have to clarify becos now Bursa strict on investment opinion haha).
Results will release next week. Question is should be wait till results confirmation or take some position? Agrochem and manufacturing sector well in tact for last year MCO period. Factory operate as usual plus commodity like CPO all time high, plantation spend more on chemicals.
When sifu Calvin made a buy call, the shares were around RM0.80. His cun cun calls ensured investors received free ALB share and free ANCOM warrants. It was fantastic. Now investors should support by buying and we should not sell for a small profit. The price will touch as what was said by Sifu Calvin earlier through his excellent research. So let's continue to support ANCOM for the benefit of all is as investors. Tqvvm sifu Calvin.
The Board of Directors of IRIS is pleased to announce that IITS has on 29 January 2021 received a Letter of Award (“LOA”) dated 29 January 2021 from KDN in relation to a project known as “Mengkaji, Mencadang, Merekabentuk, Membangun, Membekal, Menghantar, Memasang, Menguji, Mengintegrasi, Memigrasi Data dan Mentauliah Sistem Imigresen Bersepadu National Untuk Jabatan Imigresen Malaysia (“Contract” or “Project”) for a contract sum of Ringgit Malaysia One Billion One Hundred Fifty Nine Million Four Hundred Twenty Eight Thousand (RM1,159,428,000.00) (inclusive of 6% SST) only.
So, IRIS has announced that it got awarded the RM1.16b NIIS project by Home Affairs Ministry.
What has this got to do with ANCOM?
1) IRIS is awarded NIIS project. As main contractor, it would need sub-contractors to complete different parts of the entire project. And the one of the largest sub-contractors would be S5. More than 50% of project value would flow to S5 (they are already experts in the IT biz relating to MyKad and Immigration etc.)
2) ALB announced the RTO of S5 last year July. But until now, the Share Sale Agreement (SSA) has not been signed. Why the delay? - everyone is waiting for NIIS to be awarded. why? - once NIIS awarded, then IRIS as main con can give jobs to S5 - only after securing jobs from IRIS can S5 justify the valuation that it wants (hearsay 800m+) - only after justifying the valuation, ALB can sign SSA with S5 owners
In a nutshell, ALB will only sign SSA after S5 proves that it will secure xxx amount of the NIIS project value to justify the high valuation of S5.
So, is this good for ANCOM? Of course.
1. RTO can proceed and be completed. 2. Gain from issuing ALB shares to S5 owners at 10 sen when book value is 5 sen. 3. ALB's current biz to be consolidated under Nylex. 4. Further strengthen turnaround story and re-focusing on profitable Agrochem business. 5. Ride along with S5, minority stake to be worth RM50m++ if S5 succeeds in becoming a billion ringgit co.
No surprise which counter is the safest and surest bet among IRIS, ALB, ANCOM.
Reference is made to the announcement made on 29 January 2021 in relation to the Letter of Award issued by KDN with regards to the Project known as National Integrated Immigration System (NIISe) to the Company’s wholly owned subsidiary, Iris Information Technology Systems Sdn Bhd (“IITS”). The Board wishes to provide the background on the process upon which the Company participated in the tender, and on the award of the Project.
IITS, together with many other local and international companies, participated in an open tender process that started with the issuance of a Request for Proposal (“RFP”) by KDN on 23 May 2019.
Pursuant to the RFP, IITS submitted its proposal on 19 August 2019. Thereafter on 16 January 2020, IITS was invited to participate in the actual tender for the Project. IITS submitted its tender proposal to KDN on 4 March 2020. The Board understands that more than twenty companies participated in the tender.
The Project was awarded to IITS as the sole recipient on 29 January 2021.
The Company shall make necessary announcements as appropriate should there be any material information in accordance with ACE Market Listing Requirements.
Just announced CEO bought 160k units yesterday at 1.047.
What's more interesting is Pacific Orient bought some warrants last week Friday. In the past 10 years never see P&O invest more money into ANCOM. What suddenly put money now at RM1+ level? Perhaps the 2nd largest shareholder knows Ancom price will go up from now on.
Just checked their segmental reporting for latest quarters.
The agrochem segment PAT for 2 quarters cumulative already RM20m+
That is equivalent to last FY's agrochem full year PAT.
With commodity prices sustaining at high prices, safe to say the agrochem unit will continue deliver excellent results for coming Q3 and Q4. Assuming the same level of profits for Q3 and Q4, agrochem unit can deliver double the PAT this FY compared to last.
First touched RM1.20 resistance 26Jan Retest again 11Feb and 15Feb
Third time breakthrough RM1.20 with volume. Long time resistance and sellers at RM1.20 level all cleared. Technically Ancom is at all-time high and clear blue skies ahead!
Commodity bull run and turnaround story will continue bring this stock to new uncharted highs. Huat huat everyone!!
See the chart u understand.There so many cheap counter in Bursa.Ancom less fat but high risk.Prefer SCGM if below rm 1.80.Snap as much as u like.Will say rm 2.70 above if wait(4 months or less).
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....
Luckywhitecat
19 posts
Posted by Luckywhitecat > 2021-01-13 15:39 | Report Abuse
Tq Mr Calvin