ANCOMNY has been down trending from its peak at RM1.26 in early February. Selling pressure has been on-going for the past 5 months. Nevertheless, a minor rebound was expected from its support formed at RM0.94. In view of the upcoming 3Q quarter result announcement next week, and indicators showing bullish momentum, prevailing rebound momentum is expected to persist.
“。。。。。。we have obtained the certificate of completion and compliance (CCC) for our new agrichem production facility in Klang, in which the development progress for one of our new active ingredients (AI) has been very encouraging and is on track for commercial production by the end of 2023. ”
man i dont know whats going on with this company ... ESOS, dividends in specie, and warrants ... Ancom tanking its own shares ... goodbye glory days of ancom
The market wants to go where it wants to go. It wants to find the major bottom see weekly and daily chart and draw the bottom line. Higher low. So I think it is uptrend from now 0.97. I maybe wrong but this is my opinion only
It is also coincides appoximately with new product. Maybe the company directors and shareholders were buying shares earlier at higher prices because they did not know “the market wants to go where it wants to go” because the price is dictated by big boys. We are small retailers. WE have to think like big boys the institutions
If it gets cheaper I will also buy and the company will buy more and other people will buy. Those sellers will be afraid to miss out on profits. GOOOOOD product at cheap prices….just buy! Like buying a diamond at 0.97
If say the price drop to 0.90 and i buy some more and the company is confident about its products (Looks like the company is confident) and buy even more. Should the price in future shoots up to 1.20 the company is laughing as they profit from the share and we retailers are laughing. The sellers will be regretting
If sellers stop selling now and the price goes up from here because of a good product then everyone is happy including the previous sellers who are buying again and company and current retailers. In the end the market wants to go where it wants to go.
GAMESTOCK WAS A BAD PRODUCT. ANCOMNY has a good new product and the biggest fertiliser company in SEA and selling overseas as well to Brazil (the Amazon of agriculture)
As of 2024-04-17, the Intrinsic Value of Ancom Nylex Bhd (ANCOMNY.KL) is 1.61 MYR. This ANCOMNY.KL valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 0.99 MYR, the upside of Ancom Nylex Bhd is 62.6%. The range of the Intrinsic Value is 1.35 - 1.97 MYR.
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klkk
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Posted by klkk > 2023-04-06 10:24 | Report Abuse
Quarterly result due for announcement soon, by the way of the recent price movements is it expecting a bad result?