Thanks to the rare convergence of these 2 important catalyst factors of this particular stock,
the clock is ticking down for you.
ALCOM GROUP BERHAD / 2674 has these 2 important catalyst factors, namely
ALCOM manufacture, supply :
Aluminium interrelated products Aluminium commodity price is USD 2,156.25 per metric ton as at 21 Feb 2021 Aluminium commodity price is USD 2,305.00 per metric ton as at 24 May 2021 Historical high price now, as per May 2021 period , comparing to April 2020 ,then was USD 1,460.00 per metric ton
Recent good announcement by Alcom / 2674 on 23 Feb 2021 On the financial quarter with revenue RM 109,633,000.00 Record profit -for this financial quarter RM 10,074,000.00 *** EPS : 7.50 *** = record
Recent good announcement by Alcom / 2674 on 25 May 2021 On the financial quarter with record revenue for this quarter RM 139,828,000.00 *** Consistent profit -for this financial quarter RM 7,398,000.00 EPS : 5.51 *** = record
Amazing Earning per financial quarter = 7.50 + 5.51 + 5.51 + 5.51 = 24.03 cents, on the assumptions same for the coming quarters =24.03 Annualised per year 24.03 cents x 10 PER (price earning ratio ) Intrinsic value RM 2.40 less 30 % discount, Final mid term target price RM 1.68
surge to limit up For Alcom / 2674 --- 27 May 2021 / Thursday = RM 1.19 ( RM 0.30 )
Another metal stock similar in the making like Choo Bee Metal Industries Bhd., /5797 as per recent good financial announcement 21 May 2021 --
surge to limit up Choo Bee / 5797 on 21 May 2021 = RM 1.64 (closed) Choo Bee /5797 on 24 May 2021 = RM 2.13 ( closed - limit up +30 % = + RM 0.49 )
Steel counters especially Choo Bee, Ann Joo will provide uptrend momentum for steel, aluminum sectors, Plus Alcom /2674 will also help in aluminum sector for positive price uptrend.
Steel remains a solid insurance policy in preparation of inflation theme. However, economic recovery in Malaysia is projected to only take place in Q1 2022
To :all the investors, 1. who had taken buy consideration on 22 May 2021, at that time, it was super cheap RM 0.67, and can reap super great harvest as this stock is on uptrend mode to RM 2.00.
2. From 28 June 2021, onwards, it will be good to include KSSC in your watch list, for super uptrust mode with potential limit up process. 27/06/2021 1:12 AM SEE_Research
Covid19 cases record today at 13,215. EMCO in Selangor & KL likely to be extended for another 2 weeks from tomorrow. That means STEEL FACTORIES IN SELANGOR & KL WILL LIKELY CONTINUE TO BE CLOSED FOR ANOTHER 2 WEEKS.
“The steel industries outside of China will potentially enter a renaissance period,” said Tom Price, head of commodities strategy at Liberum Capital Ltd. in London. “We could see a turnaround story there because those economies just need their steel.”
Developments in China are key, given it produces more than half of the world’s steel, mostly with coal-fired blast furnaces. The government has signaled it no longer wants to bear the huge environmental burden that entails, so it’s seeking to curb production through measures such as firming up guidance on capacity swaps and removing export tax rebates.
“Restrictions almost certainly will come into place,” said Tomas Gutierrez, Asia editor and head of data for Kallanish Commodities Ltd. “Steelmakers overseas can sleep a little easier.”
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....
djibaok
1,184 posts
Posted by djibaok > 2021-05-18 11:52 | Report Abuse
must close 0.68 above baru consider uptrend heh heh