ACO GROUP BERHAD

KLSE (MYR): ACO (0218)

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Last Price

0.22

Today's Change

+0.005 (2.33%)

Day's Change

0.22 - 0.22

Trading Volume

25,000


2 people like this.

2,155 comment(s). Last comment by stncws 1 month ago

wudmec

254 posts

Posted by wudmec > 2020-06-05 14:40 | Report Abuse

thanks..sold already...wait another round

Posted by Miz Raya Bloom > 2020-06-05 14:54 | Report Abuse

amboi

kk83

264 posts

Posted by kk83 > 2020-06-05 15:05 | Report Abuse

throw tickets?

Posted by stephenkai1996 > 2020-06-05 15:09 | Report Abuse

dont... The case will increase since see the cases is hidden for covid-19
There still many not discovered they themselves with covid-19.
Just waiting and waiting

ahjian26

53 posts

Posted by ahjian26 > 2020-06-05 15:09 | Report Abuse

sold it already..wait another rocket...enjoy guys!

dniap

447 posts

Posted by dniap > 2020-06-05 15:10 | Report Abuse

Everywhere crashing...my goodness...sharks..

Posted by stephenkai1996 > 2020-06-05 15:11 | Report Abuse

see cases today increase

Davedeli

110 posts

Posted by Davedeli > 2020-06-05 15:41 | Report Abuse

dniap, Its just a weekend take profit exercise. Those 'crashed' stocks increase 10-30% this week.

EagleEye

499 posts

Posted by EagleEye > 2020-06-05 15:55 | Report Abuse

.
maybe finish pump n dump...
wait next wave...

wwlcts

2 posts

Posted by wwlcts > 2020-06-05 16:09 | Report Abuse

Tester kit approved by MOH, faster grab, before price like HLT!

Avalon88

526 posts

Posted by Avalon88 > 2020-06-05 16:36 | Report Abuse

Will be more than 0.5 next week :-)

Grab before it's toooo late, :-)

Avalon88

526 posts

Posted by Avalon88 > 2020-06-05 16:37 | Report Abuse

0.36 still really cheap

jt18

262 posts

Posted by jt18 > 2020-06-05 16:39 | Report Abuse

With today Market in red, Aco can close above 30% is very good. If next week Market is green, I believe it will fly later.

Davedeli

110 posts

Posted by Davedeli > 2020-06-05 16:57 | Report Abuse

The price now is lower than the EPS of last quarter...
With the new approved product, income likely to increase.

Any thoughts on this?

pinetree88

333 posts

Posted by pinetree88 > 2020-06-05 17:27 | Report Abuse

Got in at today closing 0.345. Today volume was huge. Hope next wk still can maintain at top volume.

hisyam

189 posts

Posted by hisyam > 2020-06-05 17:54 | Report Abuse

got average price 0.335 cent..hope next week around 0.40-0.45

Posted by Denney Zul > 2020-06-05 20:10 | Report Abuse

Hope next wk fly to the moon. ^_^

123eztrade

642 posts

Posted by 123eztrade > 2020-06-05 20:32 | Report Abuse

what's the news ?

jt18

262 posts

Posted by jt18 > 2020-06-05 21:26 | Report Abuse

If by taking IPO price at 28 cents, with today closing, it is just up 23%. So can it go further next week with this new biz? I hope it will turn up like glove companies... Let’s pray!

Avalon88

526 posts

Posted by Avalon88 > 2020-06-05 21:35 | Report Abuse

jt18, absolutely

Posted by Cashbanana > 2020-06-06 01:33 | Report Abuse

qqqq_ss if you want ppl to sell low for you then you need to wait long long

Orlando

4,911 posts

Posted by Orlando > 2020-06-06 09:16 | Report Abuse

If ACO is jz in charge of distribution ie sale n delivery then can sell a lot of this rapid test kit isn't it? Sole agent?

Quite a windfall

Posted by stephenkai1996 > 2020-06-06 10:00 | Report Abuse

qqqq_ss i think the gloves are totally overvalued if compare this ACO

Posted by Cashbanana > 2020-06-06 14:39 | Report Abuse

stephenkai1998 exactly if qqqq like to use simplywall.st then can use to see the topglove how overvalued and how ppl still keep buying

strattegist

23,459 posts

Posted by strattegist > 2020-06-06 16:55 | Report Abuse

ngeh ngeh ngeh...

Avalon88

526 posts

Posted by Avalon88 > 2020-06-06 16:57 | Report Abuse

Will double the price next week :-)

Don't say I didn't tell u guys
(Jangan kata abang tak payung ;-)

Lim Elson

2,550 posts

Posted by Lim Elson > 2020-06-06 17:13 | Report Abuse

good. ipo selling at 0.28. assume 25% to 30% up with rapid tester on hand.

hisyam

189 posts

Posted by hisyam > 2020-06-06 17:54 | Report Abuse

buy buy buy

limitupupup

1,466 posts

Posted by limitupupup > 2020-06-06 18:00 | Report Abuse

when drop below IPO all bashing this counter sucky cocky lousy, now say gogogo good share up double triple LOL

Avalon88

526 posts

Posted by Avalon88 > 2020-06-06 18:04 | Report Abuse

ACO rocks

1.0 by 4th week of june

strattegist

23,459 posts

Posted by strattegist > 2020-06-06 19:11 | Report Abuse

olo olo olo...

James Ng

2,706 posts

Posted by James Ng > 2020-06-06 21:26 | Report Abuse

https://klse.i3investor.com/blogs/general/2020-06-06-story-h1508667872.jsp
[转贴] [Facebook live video:浅谈Aco group berhad (Aco)] - James的股票投资James Share Investing

Ny036

717 posts

Posted by Ny036 > 2020-06-06 22:17 | Report Abuse

James, : only live reporter like to tv reporter. Tak Ada isi.

jt18

262 posts

Posted by jt18 > 2020-06-06 22:21 | Report Abuse

Guys, what is the price u all think ACO can achieve?

fang111

110 posts

Posted by fang111 > 2020-06-06 22:52 | Report Abuse

@qqqq_ss if based on your software app, the fair price for topglove is only rm4, but now you can see what the price of Topglove(304.7% far from the fair price which indicate in your software app) and all analysis also increase their target price, so what the software app you have,lol.

strattegist

23,459 posts

Posted by strattegist > 2020-06-06 23:34 | Report Abuse

golop golop

Karlocs

37 posts

Posted by Karlocs > 2020-06-07 01:53 | Report Abuse

March'20 IPO Price @ RM0.28. Friday closing @ PE12x..... As a distributor for Covid-19 Rapid Test Kit & PPE, this price shall be attractive.....

Orlando

4,911 posts

Posted by Orlando > 2020-06-07 10:30 | Report Abuse

Efficient (Rapid 15 minutes)

Effective (MOH Approved)

Due to these should b relatively cheaper

And on site convenience

This will b d test kit of choice

5,000,000 Bangla Indon etc will be d potential users

Assume a cheap RM 100 per test kit

5,000,000 x RM 100 = RM 500,000,000 market

Orlando

4,911 posts

Posted by Orlando > 2020-06-07 10:33 | Report Abuse

Think abt tis

MOH fast track approval must means something

Long queue of Bangla Indon etc waiting to b tested so tat Malaysia economy can restart can go full swing

To go full swing testing testing testing is d only way to go

Big windfall to ACO

Posted by de_investor > 2020-06-07 11:21 | Report Abuse

wil limit up soon....

hisyam

189 posts

Posted by hisyam > 2020-06-07 12:05 | Report Abuse

i hope so.....

Avalon88

526 posts

Posted by Avalon88 > 2020-06-07 14:49 | Report Abuse

KUALA LUMPUR: ACO Group Bhd (AGB), via its wholly-owned subsidiary, Actgen Industry Sdn Bhd, has entered into a business collaboration agreement with health technology solutions provider, Prima Nexus Sdn Bhd (PNSB) to distribute rapid test kits for the detection of Covid-19 which have been approved by the Ministry of Health Malaysia (MOH).

Under the business collaboration agreement, AGB and PNSB will work together to distribute the Covid-19 Antibody Rapid Test Kit (ARTK) within Malaysia.

"This is a strategic collaboration for us to meet the rising demand for Covid-19 testing and detecting products, amongst our large base of industrial customers such as factory owners and construction companies.

"By working with PNSB, the Covid-19 tests can be carried out on-site at the organisations' respective premises by trained medical professionals.

"This makes it convenient for the customer and large-scale testing can be conducted within a short period of time," AGB group managing director Tang Pee Tee said in a statement today.

With the gradual resumption of economic and business activities across Malaysia, companies are taking steps towards creating a safe workplace environment.

Mass screening of Covid-19 using rapid test kits which detect antibodies is one of the recommended tests by MOH for workers returning to work.

Blood samples from individuals will be taken by finger-pricking and this easy-to-use test kit can generate results on-site within 15 minutes, with no requirement for samples to be sent to external diagnostic laboratories.

The tests will be carried out under the supervision of medical professionals from PNSB who will also certify the results.

PNSB is a regional management consulting firm providing bioscience and health technology solutions for the medical areas of research, clinical, therapeutic and diagnostic.

The company works with a broad mix of private, public and social sector institutions and is also involved in the distribution of pharmaceutical products and medical lab equipment to medical centres, hospitals, clinics and universities.

"Since the Covid-19 pandemic outbreak in Malaysia, ACO has also started distributing hand sanitizers and personal protective equipment such as masks and gloves that have been in high demand from our customers.

"Many business owners are looking for protective equipment to comply with the standard operating procedures (SOPs) set by the government after the relaxation of the Movement Control Order (MCO) and gradual reopening of businesses from 4 May 2020 onwards," Tan said.

"We look forward to establish a productive business relationship with PNSB and will explore new business avenues that leverage on both companies' strengths, riding on AGB's large distribution network and PNSB's strong knowledge in the medical industry," Tan said.
05/06/2020 11:45 AM

Avalon88

526 posts

Posted by Avalon88 > 2020-06-07 15:26 | Report Abuse

Will start strong this tuesday, once we break the 0.4 resistance, we can reached 0.5 at the same week, even higher ;-)

Davedeli

110 posts

Posted by Davedeli > 2020-06-07 15:55 | Report Abuse

Kinda excited!
Let's hope it does

jt18

262 posts

Posted by jt18 > 2020-06-07 19:42 | Report Abuse

Excited but scary too ... just hope for the best.

Bursa Wolf

680 posts

Posted by Bursa Wolf > 2020-06-07 23:37 | Report Abuse

fake push, careful

Davedeli

110 posts

Posted by Davedeli > 2020-06-08 02:24 | Report Abuse

I think we're all aware of that possibility too, Bursa Wolf.
In my opinion, I think taking in a new brand sales in covid related equipments now the new testing kit can justify quite a high price. If aco can supply them overseas, it'll be even more amazing. If the economy recover, we can expect them to do well in their core business. Either way, it should be up from here as the market indecision is happened on Friday.

A discourse is welcomed!

Orlando

4,911 posts

Posted by Orlando > 2020-06-08 08:26 | Report Abuse

Malaysia is facing very acute shortage of foreign workers

Existing Bangla Indon etc wil b mass tested

New Bangla Indon etc workers recruited to Malaysia must b tested as Covid is still out of control in their countries

5,000,000 existing plus 3,000,000 new Bangla Indon etc wil be d potential users of d rapid test kit

8,000,000 x RM 100 = RM 800,000,000 market

Not counting locals yet

Orlando

4,911 posts

Posted by Orlando > 2020-06-08 08:31 | Report Abuse

Efficient Effective Convenient Cheaper MOH fast track approval tis rapid test kit is idea for mass testing of 8,000,000 foreign workers

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