I saw 1 big group in telegram mention to their member not to chase high aluminium counter as comodities in correction mode.no wonder not much vol despite aluminium make new high again.
monitor 051 support breakout below indicate a short term weakness, operator probably washing plate these few days. I expect another round of sideway, always PA pattern. Slow slow and slow.
For 12.30pm, 15 April 2021, ============================================
Any investors, search on the biggest gainer list by price, the number 1 biggest gainer is Press Metal /8869 Closed RM 10.60 (+RM 0.58)
REMARKS CREATED NEW HISTORICAL HIGH RM 10.62
(a) The main catalyst of this aluminum KING is prudence management on practical business affairs, building good working relationships with main customers, high quality connections through respectful engagement, considering many different factors in final business decision - making, effective communication with stakeholders skills, developing new workable ideas to solve customers ' problems, building trust factor within the team, Most importantly, the main leader is an extremely talented leader in the whole organization, Tan Sri Dato' Koon Poh Kong/ Paul Well assisted by the Koon brothers (i) Koon Poh Ming (ii) Dato Koon Poh Tat (iii) Koon Poh Weng (known for business on the ground /street smart) (iv) Koon Poh Kong
(b) The second catalyst is the coming bonus issue, that excites the investors interest. On the basis of one bonus share for one existing share held on 5.00 pm, 20 April 2021. ========================================= Founded in 1986, started as a local aluminum extrusion company, follow by 30 years of continuous growth and expansion, today Press Metal is a global, integrated aluminum producer with the largest presence in South East Asia, products serve many industries throughout the wide world, with wide ranges of top automotive, aviation companies that are leading technology giants.
==========================================
Vision The beliefs are in our guiding principles of Business Acumen, Quality Excellence, Global Outlook, Focused Teamwork Social Responsibility
Continuous improvement in Expansion
Remarks Will not be surprise that Press Metal is look on the current favorable situations in the Malaysian scene, not excluding some attractive KLSE listed companies, Example : Alcom /2674 that have similar business profiles that can enhance and add value on its continuous expansion programs.
(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.
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....
Mikecyc
46,054 posts
Posted by Mikecyc > 2021-04-14 20:22 |
Post removed.Why?