Company Overview and News
The savvy investor, who shot to prominence following his entry into companies like Kian Joo Can Factory Bhd and his sale of the King Koil mattress licensing business, recently sold half his holdings in Aluminium Company of Malaysia Bhd (Alcom). (4-0)
KUALA LUMPUR (Nov 17): The FBM KLCI slipped at mid-morning today in line with the retreat at most regional markets, weighed by index-linked blue chips. At 10.01 a.m., the FBM KLCI fell 5.85 points to 1,621.78. The top losers included British American Tobacco (M) Bhd, Tasek Corp Bhd, Public Bank Bhd, AirAsia Bhd, CIMB Group Holdings Bhd, Perusahaan Sadur Timah Malaysia (Perstima) Bhd, Heineken Malaysia Bhd, Hong Leong Industries Bhd, UMW Holdings Bhd and Malaysia Airport Holdings Bhd.
KUALA LUMPUR (Nov 17): The FBM KLCI got off to a flat start today, in line with the slip at most regional markets.
KUALA LUMPUR: CIMB Group Holdings Bhd, Amway (M) Holdings Bhd, Kuala Lumpur Kepong Bhd (KLK) are some of the stocks which could see trading interest on Thursday after their quarterly results announcements yesterday, according to JF Apex Research.
Alcom is the leading supplier of aluminium rolled products not only in Malaysia but also the Asean region.
KUALA LUMPUR (Oct 17): Based on corporate announcements and news flow today, companies that may be in focus on Tuesday (Oct 18) could include: Yinson Holdings Bhd, Green Packet Bhd, Syarikat Takaful Malaysia Bhd, KPJ Healthcare Bhd, Malaysia Packaging Industry Bhd, Aluminium Co of Malaysia Bhd , CIMB Group Holdings Bhd, Nexgram Holdings Bhd.
Right direction:: Phase one of the Duke Highway has been completed while phase two will be completed by end of this year.
KUALA LUMPUR (Sept 26): The FBM KLCI is expected to remain lacklustre today in line with the dip at most global stocks last Friday.
KUALA LUMPUR (Sept 23): Based on corporate announcements and news flow today, companies that will be in focus on Monday (Sept 26) may include: Pestech, Selangor Properties, WZ Satu, NTPM, Kian Joo, Yee Lee, Affin and Seacera.
KUALA LUMPUR (Aug 24): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Thursday, Aug 25) could include: Hap Seng Plantations Holdings Bhd, Perisai Petroleum Teknologi Bhd, Hibiscus Petroleum Bhd, IJM Corp Bhd, Panasonic Manufacturing Malaysia Bhd, Protasco Bhd, Parkson Holdings Bhd and Can-One Bhd.
KUALA LUMPUR (Aug 22): The FBM KLCI is expected to start the week on a lacklustre note in line with fall at most global markets last Friday, with support seen between 1,676 and 1,684.
KUALA LUMPUR (Aug 19): Kian Joo Can Factory Bhd’s net profit rose 11.9% to RM39.49 million or 8.89 sen a share in the second quarter ended June 30, 2016 (2QFY16), from RM35.28 million or 7.95 sen a share a year ago, on higher revenue.
KUALA LUMPUR (Aug 19): Based on corporate announcements and news flow today, companies that might be in focus next Monday (Aug 22) include: Affin Holdings, Lii Hen Industries, Elsoft Research, Tan Chong Motor Holdings, Kian Joo Can Factory, Amcorp Properties, Tune Protect Group, CSC Steel Holdings, Perisai Petroleum Teknologi, WZ Satu, Vivocom Intl Holdings, Pharmaniaga, Zelan and Three-A Resources.
In a filing with Bursa Malaysia, Alcom disclosed that Yeoh, who is the controlling shareholder of Towerpack, had proposed to buy 79.23 million Alcom shares for RM47.72mil or 61 sen a share in an all-cash deal. Yeoh already owns majority stakes in three separate listed entities. He holds a 32.9% stake in aluminium packaging manufacturer Kian Joo Can Factory Bhd and 54.83% in Box-Pak (M) Bhd via his interests in the former.
Alcom has become a major supplier of fin stock for many of the world’s leading air-conditioner manufacturers.
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