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 )
Shanghai steel futures broke the CNY 5000 per tonne mark, the highest since late October, amid limited supply, rising iron ore and nickel prices, and prospects of a boom in demand. Production in China is likely to be constrained in the first quarter due to factories maintenance, the Lunar New Year holidays, and efforts by the government to limit pollution during the Beijing Winter Olympics. At the same time, prices of steelmaking ingredients nickel and iron ore remain elevated, with possible supply disruptions in top iron ore exporter Australia due to a surge in coronavirus cases. Meanwhile, there are prospects demand in China will increase in the second quarter of the year as the construction and infrastructure sectors pick up and the Chinese authorities adopt stimulus measures to shore up the economy.
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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....