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Profit mainly coming from property development division instead of manufacturing. Property development is currently badly affect with MCO the profit may not be stable. Manufacturing division mainly produced aluminium coated fin stock for aircond manufacturer (Daikin etc). Higher aluminium price will increase Alcom raw material costs and may not be able to pass through to customer.
Shark, Alcom only make profit of RM1m from RM104m revenue in manufacturing division... that’s worrying compared to other real aluminium mfg company like Choo Bee and LB aluminium.
Shark, agree with you it’s not a rubbish share. Just that their business direction to venture into property development and management lose focus on the manufacturing division is indeed worrying...
