A limit up is the maximum amount that the price of a stock or commodity futures contract will be allowed to increase in a single trading session. Both a limit up and a limit down are used to prevent certain assets from reaching excessively high volatility levels.

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Operational: Monday - Sunday | 6 am - 12 am

Address: 21 Lorong Ara Kiri 1, Lucky Garden, Kuala Lumpur

Tel: +603 2201 7107

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Operational: Monday - Sunday | 10:30 am - 10:30 pm

Address: 1.14, First Floor, Nexus 7, Jalan Kerinchi, Bangsar South, Kuala Lumpur

Tel: +603 2242 1010

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Operational: Monday - Sunday | 6:30 am - 11 pm
Address: Level 39, PNB Darby Park Executive Suites, 10, Jalan Binjai, Kuala Lumpur City Center, Kuala Lumpur
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Operational: Monday - Saturday (8 am - 11 pm) | Sunday (8 am - 10 pm)

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Operational: Monday - Sunday | 8 am - 10 pm

Address: G.03H & G.03I, Ground Floor, Suria KLCC, Kuala Lumpur City Centre, Kuala Lumpur

Tel: +603 2181 8001

Fact About Limit Up 

Limit up is the maximum amount by which the price of a futures contract may advance in one trading day. When the price hits the threshold, either the limit up price is expanded, or trading for the day is stopped, depending on what type of contract is trading (Ref: Investopedia). The stock exchange operator implemented a validity-of-order throughout the day via “Day Order” effective April 18, 2011 and a single trading limit of 30% for shares above RM1 and 30 sen for units below RM1.

  

Many are speculating that Anzo will rise this week to a new high. 

Investors are advised that their investment decisions should be made based on an assessment of the fundamentals of the company. Based on Anzo's track records, its strong fundamentals and by the emergence of a cash-rich shareholder from China or Hong Kong who has been buying shares in bulk in Anzo in the past few weeks, that investment decision will be decided within seconds. 

Last Friday, Anzo's stock closed at 18 sen after moving up to 20.5, with 308 million shares traded and marked as one of the most active stocks last week (as it has been consistently stayed as one of the active stocks for the past several weeks). That alone is a steady indicator for a good buy-in for the stocks. 

Anzo's Achievements (the most recent ones)

Here are some of the recent achievements of Anzo Holdings Berhad.

1. Anzo recently secured a RM1.3 billion contract to supply copper scrap to a steel-making group in South Korea effective from July 1 via CSTME Resources Sdn Bhd.
2. Last week Anzo announced that it has acquired a factory manufacturing medical and/or nitrile gloves in Manjung, Perak for RM55 million.
3. Anzo bought the assets of Wintrade World Sdn Bhd including land and factory that has the capacity to produce up to 1.2 billion pieces of medical and nitrile gloves a year.

Personally, I would say the latest achievement (Wintrade World Sdn Bhd land & factory) is the best move that Anzo has made. With the current rising global demand of disposable gloves, the company surely marked its entry in the right businesses. According to the rubber glove manufacturers association (MARGMA), the world consumption of the personal protective equipment is estimated to jump more than 11% to 330 billion pieces this year, two thirds of which are likely to be supplied by Malaysia.

As it seems that plant in Manjung has ample land for expansion (over 10 acres), the top glovemakers in Malaysia, Top Glove, Kossan and Hartaleg included will join the bandwagon if it ramps up production at the Manjung plant. The current capacity allows the plant to produce up to 1.2 billion pieces of rubber gloves/nitrile gloves per annum, worth about RM400 million, through 9 production lines running at full capacity.

If Anzo increases the production lines to 12 or 15 lines, there is high possibility that the revenue might double.

As for the company's copper business with the South Korean group, Anzo has started supplying the copper effective July 1. By July 3, Anzo could have supplied 500 tonnes to 700 tonnes of copper to South Korea via CSTME, worth nearly RM15 million. 

As I've mentioned in my previous post, the future is certainly bright for Anzo. And that is one good news for the investors and shareholders, the current ones and I believe more are coming. 

Anzo buys glove manufacturer; new shareholders coming in soon? | Yes. Anzo is certainly marking its mark in the stock trading of late. Bursa's most active stock, Anzo has acquired a manufacturing plant producing medical and/or nitrile gloves in Perak for RM55 million.

I have just shared about the plan of Anzo's plan and now, it is a done deal with acquiring the manufacturing plant. The group reported to Bursa Malaysia today that it had entered into a term sheet with Wintrade World Sdn Bhd this morning to acquire the company's assets, including land, building, pieces of machinery and equipment in Manjung.

Anzo told Bursa today that it had paid two percent of the purchase price to Wintrade's solicitors to hold as a stakeholder, as part payment of the purchase consideration. It expects to pay the balance of eight percent or RM4.4 million deposit upon signing of the definitive assets sale agreement. The balance amount of RM49.5 million shall be paid by Anzo within three months from the date of the executed definitive assets sale agreement, with the extension of one month subject to payment of interest rate at eight per annum. Anzo said the assets and its capacity is expected to generate substantial profits for the group.

The group also mentioned that the assets are ready to be mobilized and commissioned to produce 1.2 billion pieces of medical and/or nitrile gloves a year.

Today, the stock opened actively this morning to close two sen higher to 18.5 sen at 12.30pm. Some 115.8 million shares were traded and it was also one of Bursa's most active counters today. The share price of Anzo has shot up from below 5 sen to touch 19 sen today before 12.30pm, probably because it has also been actively announcing new mega-deals, unlike the other listed companies on the stock exchange.

New mega deals? That alone has certainly piqued everybody's interest to know more and in-depth about the news. And the new substantial shareholders may emerge next week in Anzo. 

This great piece of news shows that foreign investors or foreign funds are looking at Malaysia for their growth story. All these happening when not just a week ago Anzo had secured an RM1.3 billion contract to supply millberry/candy copper scrap over 40 months indirectly to a large steel-maker in South Korea.

With the whole global market is still picking up its paces, it is interesting that Anzo can do so much and is unfazed by global market uncertainties.

While Anzo did not specify how much it will make from exporting the gloves, we understand that the net profit could be in the region of RM150 million to RM200 million. This is because, if you look at it, the current market price for medical gloves is around US$75 per box of 1,000 pieces. 

Well done to Anzo for being able to create positive news in the market. These achievement depicts the growth in economy thus leads to better economy for us Malaysians. 

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