Bought some early morning now already got handsome profit. Jiayou arank. Read news about this counter on Sunday by gubatianxia which really convinced me to move in. The theme this year is Aluminium, last year was glove. Don't take profit too early. Disclaimer : Not a call to buy or sell or hold. Just sharing my viewpoint.
Qtr result is 1.8 full year will be 7'.32. If pe is ten then fair value is '74. If pe is 15 then fair value will be 1.05 Good thing is Aluminium price keep surging so qtr result should be increasing too. My take is value should be between 75 to 105 .
(1) Do you have some understanding or rather done deep researches on old high for this stock? ----?
(1.1) This stock old high was RM 2.32 done on 29 June 2017, From previous analysis, From 30 May 2017, At RM 1.35,
(1.2)With 20 trading days, from 30 May 2017 /RM 1.35 to 29 June 2017/RM 2.32,
Share prices movements in technical chart, can behave in their previous manner, can Alcom /2674 follow up on her previous technical pattern, (a) 4 trading days resting = from 2 June 2017 to 7 June 2017 (RM 1.54 to RM 1.61)
(b) 3 trading days resting = from 13 June 2017 to 15 June 2017 (RM 1.75 to RM 1.85)
(c) 4 trading days resting = from 19 June 2017 to 22 June 2017 (RM 1.91 to RM 2.08)
(d) 3 trading days onwards from 23 June 2017 to 29 June 2017 Reaching the old high RM 2.32
========================================= Remarks
Can history repeat itself, Time will tell, more important it needs to reach RM 1.59/ R 2 ======================================+=====
For those investors who can wait, the next target, mid term RM 1.50,
New catalyst, on the likely " merger + acquisition" theme by the king of aluminium - Press Metal /8869 PMB Technology Bhd /7172
PMB Technology Bhd is the official sub contractor in building the exterior facade, claddings, wall curtains for Marina Bay Sands Hotel +Resort, 10, Bayfront Avenue, Singapore 018956
Alcom Bhd /2674 is the official sub contractor in building the exterior facade, claddings, curtain walls for Petronas Twin Towers, Kuala Lumpur City Centre, Jalan Ampang, Kuala Lumpur
Both are reputable aluminum facade, claddings, wall curtains panels, Manufacturers having its in house plants,
Using their in house technology in using the aluminium composite materials / ACM, these materials are distinguished by their unique features, it's lightweight, yet high rigidity qualities, excellent flatness and more importantly long lasting - coating qualities are just the construction industry required?
For your better understanding, every week, Monday, Wednesday, Friday, there were 3 units x 40 footer long conventional lorries from PMB Technology Berhad, Balakong, Selangor to Marina Bay Sands , Singapore for one whole year of 2010, meaning 156 units of 40 footer types of long lorries, just imagine the huge load of aluminium facades and claddings, wall curtains panels, were commissioned in the Marina Bay Sands Hotel + Resort, Singapore
Now, you can understand their business similarity, two of a kind, a twin?
Can it be a real winner for Alcom /2674, when the target company on takeover company will offer the premium especially in driving up the stock prices.
1. Yes, Alcom now -12 April 2021 to 16 April 2021 from RM 1.00 to RM 1.16, these levels of prices are under serious accumulation to the mid target price RM 1.50, RM 1.62/R2--strong resistance level
For those investors who have high tolerance degree of risk,
Entry Price A. RM 1.13/RM 1.14 (highest of buying opportunities)
Moderate risk tolerance B. RM1. 05/RM 1.06
Low risk tolerance C. RM0. 99/RM 0.995
Remarks
B. = chance of buying opportunities are average
C. = Prices are lowest, the chance of buying opportunities are limited, perhaps no chance
CGS-CIMB Research believes that EITA Resources Bhd deserves a better valuation as the elevator and escalator maker aims to enhance its overseas revenue.
The research house reiterated its "buy" call on the stock and raised its post-bonus issue target price to RM2.08 from RM2.06.
The target price of RM2.08 values the stock at 20 times CY22F P/E (from 10.5 times) which CGS-CIMB said is at about a 30% discount to the global elevator makers’ weighted average 12-month forward P/E of 31 times.
CGS-CIMB’s analyst Kamarul Anwar pointed out that EITA’s net cash rose from RM11.9 million at end-FY9/13 to RM41.2 million at end-FY9/20.
“We also raise our FY9/21-23F net profit forecasts by 4-10% as the company assures us that its operations are not disrupted by the partial lockdowns due to Covid-19,” he said in a note today.
“Earnings from its elevator construction segments should also accelerate as many of the projects in hand are in advanced stages,” he added.
Kamarul also shared that the elevator and escalator maker had disclosed its aspiration of raising its revenue from RM284.1 million in FY9/20 to RM1 billion per annum (p.a.) by FY25 during a conference call last month (Jan 29).
During the session, the group also noted that it is aiming for revenue to grow by over 252% in five years, bringing revenue compound annual growth rate (CAGR) to 28.6%.
Nevertheless, Kamarul said CGS-CIMB is not adopting EITA’s internal ambition as guidance for his forecasts.
“It (EITA) envisions that a sizeable part of the hypothetical RM1 billion per annum revenue would come from mergers and acquisitions (M&As). Without more details, the impact of acquisitions is not something we can forecast,” Kamarul said.
“Besides, EITA’s plans to aggressively grow its overseas operations would require the company to compete directly with established global elevator players. East Asia has become the Mecca for global elevator and escalator manufacturers since this developing region is looking towards high-rise buildings as an economical solution to house the rapidly increasing population. One risk from the stiff competition, we foresee, is it may stifle the group’s plan to build up its overseas revenue,” he added.
He noted that the potential re-rating catalysts include earnings-accretive M&As, new infrastructure-related contract wins and rousing growth in overseas sales. Meanwhile, a total economic lockdown is a downside risk for the stock, he added.
At the time of writing, EITA’s stock was down 3.48% or four sen to RM 1.11. ======================================+===
1. See_research recommended to buy with serious consideration at RM 0.88 to RM 0.92 level, Closing 16 April 2021 /RM 1.08 (+RM 0.18) from 9 April 2021, In 9 April 2021, very easy to buy at RM 0.90 to RM 0.92, unfortunately no one believe that this stock can perform well from 9 April 2021, nevertheless, Eita still a long way to go before reaching target prices RM 1.80 to RM 2.08
This stock is an an elevator, lift company that the components of the elevators, lifts,
The components are aluminum aloy, therefore intertwined with aluminum products. After the aluminum theme, it will be next on aluminum aloy theme, on rotation interests. On serious note, Eita has just started to be on slightly uptrend after a serious of sideways consolidation period of 2 months from RM 0.82 to RM 088.
A lot of leg room for upwards thrust to reach RM 1.80 Also can consider the Eita WA, just new beginning at 10 February 2021, matures 2 February 2021,. Buy consideration RM 0.42 to RM 0.43 Target Price RM 0.54 / short term Target Price RM 0.88/ mid term
To : liewkamchong888/ See_ research, =============================================
On technical strength level
1 to 10 1 denote the weakest 10 denote the strongest
============================================= (i) Alcom= 8 (ii) EITA =6.5 (iii) EITA WA =6 (iv) A rank =5.5 (v) Press Metal =9 (vi) PM B Technology=8.5
On technical strength level, as per 9.00am 26 April 2021
1 to 10 1 denote the weakest 10 denote the strongest
=============================================
For references, in order to understand so that can be a good guide in buying and selling purposes only
(i) Alcom= 8.5 (ii) EITA =6.5 (iii) EITA WA =6 (iv) A rank =5.5 (v) Press Metal =9 (vi) PMB Technology=8.5
The cloak is ticking near to 9.00 am, 26 April 2021 Monday
Will you be the one being left out, in Alcom And start kicking on yourself After end 5.00 pm of 26 April 2021, As there are numerous reminders to buy, As there are numerous reminders to add,
REMARKS (i) in current times, the April 2021 theme of metal, aluminium companies are VERY STRONG (CHECK OUT ON steel - - Ann Joo, Ulicorp,) (CHECK OUT ON aluminium - Press Metal, PMB Technology, Alcom).
Alcom /2674 (ii) short term, target price RM 1.50 (ii) mid term, target price RM 2.32/ old high
(iii) closing price, RM 1.24 as at 23 April 2021 RM 1.25 /year 2021 - high 26/04/2021 6:31 AM
3. The aluminium stocks are in second in term of ranking of "focus" and certainly will be rotating in next KLSE sessions ; 6 , 7 May 2021 onwards thematic play
Now RM 1.08 ============================================================================================================== LASTLY Do not miss this special stock - STEEL KSSC - 5192, as this stock is super undervalue. =======================================
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.
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....
lloydlim
3,971 posts
Posted by lloydlim > 2021-04-10 11:18 | Report Abuse
Time to take profit.