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Last Price Today's Change   Day's Range   Trading Volume
1.58   -0.04 (2.47%)  1.57 - 1.63  952,500
3,325 comment(s). Last comment by SelfMadeMillionaire at Aug 13, 2020 10:49 AM
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BobLimm
43 posts

Posted by BobLimm > Aug 9, 2020 6:02 PM | Report Abuse

This quarter results will see significant increase top and bottom line from Covid related business ramp up as well as their 1st D-Clot shipment.


bigearl
81 posts

Posted by bigearl > Aug 10, 2020 9:50 AM | Report Abuse

Can't wait for the QR. When will it be out? End of the month?


liverfool
90 posts

Posted by liverfool > Aug 10, 2020 10:45 AM | Report Abuse

what happen to this counter? drop to 1.60??


monique1968
117 posts

Posted by monique1968 > Aug 10, 2020 10:47 AM | Report Abuse

BUY


BullWC16
33 posts

Posted by BullWC16 > Aug 10, 2020 11:52 AM | Report Abuse

looks like some big kaki sell off their shares.


DannyArcher
357 posts

Posted by DannyArcher > Aug 10, 2020 8:46 PM | Report Abuse

company issue additional listing, 200K new shares


bigearl
81 posts

Posted by bigearl > Aug 11, 2020 12:57 AM | Report Abuse

So tomorrow will limit up?


monique1968
117 posts

Posted by monique1968 > Aug 11, 2020 10:45 AM | Report Abuse

PATIENCE IS A VIRTUE


monique1968
117 posts

Posted by monique1968 > Aug 11, 2020 11:18 AM | Report Abuse

Collect


ConfortZone
74 posts

Posted by ConfortZone > Aug 11, 2020 4:48 PM | Report Abuse

This quarter is strong quarter for the company, see the eps for the last two years for the same quarter. Given the surge in medical related cables and bronchoscope, the eps will rocket...


vin777
2 posts

Posted by vin777 > Aug 11, 2020 5:54 PM | Report Abuse

hoot ah


DannyArcher
357 posts

Posted by DannyArcher > Aug 11, 2020 7:17 PM | Report Abuse

@ConfortZone Actually, they only started selling the medical thing this july, this means it will only be reflected in the 3rd quarter, not this 2nd quarter.


ranacinggey
118 posts

Posted by ranacinggey > Aug 11, 2020 7:24 PM | Report Abuse

https://disclosure.bursamalaysia.com/FileAccess/viewHtml?e=3075867

Additional Listing Announcement /Subdivision of Shares
SUPERCOMNET TECHNOLOGIES BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal Exercise of Warrants
Details of corporate proposal Exercise of the 200,000 Warrants 2019/2024 to subscribe for 200,000 new Ordinary Shares
No. of shares issued under this corporate proposal 200,000
Issue price per share ($$) Malaysian Ringgit (MYR) 0.6500
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units 643,200,000
Issued Share Capital ($$) Malaysian Ringgit (MYR) 107,140,000.000
Listing Date 11 Aug 2020


bigearl
81 posts

Posted by bigearl > Aug 11, 2020 11:18 PM | Report Abuse

What does this mean?


monique1968
117 posts

Posted by monique1968 > Aug 12, 2020 9:36 AM | Report Abuse

Opportunity to buy


angmodan
28 posts

Posted by angmodan > Aug 12, 2020 10:14 AM | Report Abuse

good price to collect more


bigearl
81 posts

Posted by bigearl > Aug 12, 2020 10:25 AM | Report Abuse

Initiation
Supercomnet Technologies Bhd (SCT MK/BUY/RM1.52/Target: RM1.98)
A Shooting Comet

• Initiate coverage with BUY call and target price of RM1.98 based on 30x 2021F PE. Scomnet is the direct beneficiary riding on the explosive demand for critical medical devices, being the sole supplier of FDA-certified components to western medical-tech giants such as Edward Lifesciences, Ambu Medical and Mermaid Medical Group.

• Stellar earnings track record. Since the acquisition of the remaining 80% stake of its medical subsidiary SMP in early-18, Scomnet recorded the ninth consecutive quarter of yoy earnings growth, and is poised to ride on the impending acceleration of healthcare equipment demand in the US and Europe. To note, Scomnet recorded an impressive 5-year net profit CAGR growth of 45% in 2015-19.

• Three-pronged strategy to fuel growth. Scomnet is poised for a new leg of growth which will anchor a 3-year revenue/net profit CAGR of 18/30%. This will be supported by: a) key customer’s aggressive growth, b) increase in the orderbook in tandem with the growth of global healthcare consumption, and c) efficiency improvement and capacity expansion.

• Capacity expansion to accelerate earnings. Scomnet’s utilisation rate for its medical segment has increased close to 90%(from 70%) to capture the overwhelming COVID-19 orderbooks, and has allocated RM7m-10m capex for capacity expansion, with second floor capacity to be lifted by 10-12.5% in the coming two months, followed by the new building which could potentially elevate capacity by 80% upon completion in 1-1.5 years.

• Forecasting a 3-year net profit CAGR of 30%. We estimate Scomnet to register core net profit of RM29.5m/RM42.5m in 2020/21 which implies earnings growth of 52%/44% respectively. This is on the back of a 3-year revenue CAGR of 18% whereby growth will be mainly driven by higher orders and contribution from SMP’s medical cables fulfilling huge COVID-19-induced demand.

Kindly see link below for full report:
https://research.uobkayhian.com/content_download.jsp?id=58090&h=84d0a7cfc8d5248244541e08574cc802


Toplove888
46 posts

Posted by Toplove888 > Aug 12, 2020 1:24 PM | Report Abuse

Auckland prepares for lockdown as mystery Covid-19 cases emerge Many country and city will lockdown again... vaccine just keep calm ppl heart only...


Toplove888
46 posts

Posted by Toplove888 > Aug 12, 2020 1:25 PM | Report Abuse

Mother and wa tempting top up ady...


wickedlion
523 posts

Posted by wickedlion > Aug 12, 2020 3:07 PM | Report Abuse

Collect now. Covid is just a bonus for scomnet. With or without Scomnet is still profitable. Healthcare is all year theme.


dollardollarbill
89 posts

Posted by dollardollarbill > Aug 12, 2020 4:02 PM | Report Abuse

Now that UOB start covering, Scomnet will trend higher. UOB will promote to fund managers


SelfMadeMillionaire
12 posts

Posted by SelfMadeMillionaire > Aug 13, 2020 1:14 AM | Report Abuse

this coming QR excludes the medical thing, they only got approval from FDA in July.


BullWC16
33 posts

Posted by BullWC16 > Aug 13, 2020 10:40 AM | Report Abuse

Dont understand why this counter move along with gloves counters. The business not really rely on covid pls.


SelfMadeMillionaire
12 posts

Posted by SelfMadeMillionaire > Aug 13, 2020 10:49 AM | Report Abuse

maybe for next quarter, not this quarter. they only started selling the medical thing in july. dont expect a fantastic QR. i told you so


SelfMadeMillionaire
12 posts

Posted by SelfMadeMillionaire > Aug 13, 2020 10:49 AM | Report Abuse

it is a good company... just not this qr

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