ANCOM, on which I made 3 rounds of profit in 2014,2015 and 2016, looks set to head for a minimum 50c target

Round 1 - Bought @ 39c in early 2012, sold from 41-65.5c in early 2014

Round 2 - Bought @ 43c in late 2014, sold at above 49c in early 2015

Round 3 - Bought @ just over 40c in mid-2015, sold in early 2016 at just over 44c

My guess is that this round will be due to a solid rise in shares of 45% owned listed associate Nylex Bhd.

Every 1c increase in Nylex's share price should theoretically translate to a 0.4c increase in Ancom's price because of its stake in the former.

If Nylex's price breaks through the 74c resistance that has held in the past 2 years, Ancom's price has a good chance of re-testing the 50c level it last visited in early 2015.