1) S5-ALB RTO reassured by S5 MD as published by TheEdge Weekly last weekend 13March
2) Ancom stands to gain from share issuance of ALB to S5 owners. Book value of 5 sen, issued at 10sen. 5sen premium for the listed shell.
3) CPO Price sustaining above RM4k/mt, palm oil plantations increasing spending on herbicides to squeeze maximum yield at current high CPO levels. ASP and volume of Ancom's agrochem unit continue to break new high, booking profits for a record year ahead.
Ancom's share price failed to take off last time due to perception that it was a conglomerate burdened with too many loss-making baggages. It has successfully transformed to a pure-play integrated mid-size chemical group in Malaysia, akin to a mini-lotte/CCM.
Ancom shall benefit from the continued commodity supercycle as growers worldwide order more of Ancom's agrochem to better manage larger tracts of plantations to maximize yield.
RM2 for mother share seemed impossible last year. It is now within reach, very very soon.
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....
ycbang
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Posted by ycbang > 2020-09-18 11:01 | Report Abuse
thanks sifu Calvin