Highlights
KLSE: SCOMIES (7045)       SCOMI ENERGY SERVICES BHD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
0.075   +0.005 (7.14%)  0.065 - 0.075  1,713,600
Trade this stock for as low as 0.05% brokerage. Find out more.

Overview

Market Cap: 176 Million
NOSH: 2,342 Million
Avg Volume (4 weeks):5,296,663
4 Weeks Range:0.065 - 0.10
4 Weeks Price Volatility (%):
28.57%
52 Weeks Range:0.03 - 0.14
52 Weeks Price Volatility (%):
40.91%
Average Price Target: 0.18
Price Target Upside/Downside: +0.105
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2019  |  30-Aug-2019
Next QR | Est. Ann. Date: 30-Sep-2019  |  30-Nov-2019
T4Q P/E | EY: -1.86  |  -53.75%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.16  |  0.47
T4Q NP Margin | ROE: -19.36%  |  -25.20%

Headlines

Date Subject
01-Nov-2019 PublicInvest Research Headlines - 1 Nov 2019
01-Nov-2019 Mplus Market Pulse - 1 Nov 2019
14-Oct-2019 Mplus Market Pulse - 14 Oct 2019
14-Oct-2019 PublicInvest Research Headlines - 14 Oct 2019
23-Sep-2019 SCOMIES, OPCOM & NETX: 3 GOOD STOCKS WITH GREAT POTENTIAL, Calvin Tan Research
22-Sep-2019 WHY SCOMI ENERGY (7045) CAN FOLLOW CARIMIN AND GO UP 400% FROM ITS LOWS, Calvin Tan Research
21-Sep-2019 Oil Production In Joint Saudi-Kuwaiti Fields Could Restart “Relatively Quickly” SCOMIES TO BENEFIT, Calvin Tan Research
13-Aug-2019 发股还债‧史格米能源有何影响?
18-Jul-2019 Mplus Market Pulse - 18 Jul 2019
28-Apr-2019 SCOMIES Got Good News ?
04-Apr-2019 Evening Market Summary - 4 Apr 2019
27-Mar-2019 今天来谈谈史格米能源服务(SCOMIES, 7045)
26-Mar-2019 PublicInvest Research Headlines - 26 Mar 2019
14-Jan-2019 PublicInvest Research Headlines - 14 Jan 2019
14-Jan-2019 Mplus Market Pulse - 14 Jan 2019
12-Dec-2018 TH cutting exposure to stock market

Business Background

Scomi Energy Services Bhd is a service provider in the oil and gas, and coal industries. The services provided by the company are drilling and completion services which include drilling fluid solutions, drilling waste management equipment, and drilling and completion tools, development and production services which include the provision of products and project management services, and marine services include offshore support and marine logistics services.
Analyze this stock with MQ Trader system

  17 people like this.
 
Will76 Calvintaneng, kindly show us the "screen shot" of how many million shares of Scomies that you buy today considering your overwhelming confidence in Scomies.

I am sure today 0.07 is very good opportunity for you to buy.

That will be more convincing in your promoting job
01/11/2019 3:30 PM
freeman indeed this is the last sale
for those who not take this opportunity will regret later on
because the threat of pn17 is not because of scomies bad financial position.. scomies is fundamentally strong as before

please understand of what is pn17 triggered by para 2.1 (e)
this is not about default of payment, not about going to be bankrupt

i post it here of what it is

(e) ​the auditors have expressed an emphasis of matter on the listed issuer's ability to continue as a going concern in the listed issuer's latest audited financial statements and the shareholders' equity of the listed issuer on a consolidated basis is 50% or less of the issued and paid-up capital (excluding treasury shares) of the listed issuer; or FAQ 8.18, FAQ 8.20

it just a matter of auditor opinion with regard to unclear direction of the company


http://customer.bursamalaysia.com:8080/MainLR/Pages/MainPracticeNote17.aspx
01/11/2019 3:39 PM
calvintaneng Will76

You can come to jb and whataspp me at 0146101668 to know more about scomies
01/11/2019 3:39 PM
calvintaneng Freeman correct

Nothing wrong with scomies

It is fundamentally sound
01/11/2019 3:59 PM
freeman after announcement
scomi counter was halt at the early trade session. when open the effect is only down 0.005
scomies counter was not halted by bursa... because the announcement was not directly related to scomies.. when open the effect is down 0.02 , more severe

when people realize and wake up from panic.. the price will rebound
01/11/2019 4:07 PM
simon that mean shareholders equity more than share paid up capital there is no issue ?
01/11/2019 4:18 PM
ikenduit slowly rebound. buy when people fear
01/11/2019 4:26 PM
ikenduit i will sell my house, dog and cats to sialang this counter. huat arrr..
01/11/2019 4:31 PM
freeman simon , i think that will relate with proposed Capital Reduction ( when they will reduce shareholder equity to set off with retained loss). not on current financial status
01/11/2019 5:36 PM
freeman or on consolidated basis as a GROUP with SGB..
maybe somebody can clarify
01/11/2019 5:39 PM
rsim03 So sorry la you calvin tan...never follow your promotion next time....hongah
01/11/2019 7:35 PM
calvintaneng Rsim03

I see you also in pantech forum praising pantech which Calvin also promoted

OK I have been posting buy and sell calls for 6 years already.

So I can understand your temperament at this moment

I remember promoting Karambunai at 6 sen 3 years ago.

There were strangers who bought and later regretted following my buy call for kbunai at 6 sen because kbunai dropped half sen to 5.5 sen

They cry father cry mother just because kbunai dropped half sen?

As if the end of the world for them?

Today kbunai is being taken private at 11 sen for a chun chun 100% upside from 5.5 sen or 33% profit for each of the three years they could have waited.

So I say again as I say before

THE net net value of scomies is more than its liabilities

Scomies is not utusan, London biscuit or barakah

Scomies will emerge stronger and prevail
01/11/2019 9:39 PM
Macrullen Seriously Calvin, are u really that confident about scomies? Speak truth truth 1, don’t con me. Bcoz I have ady bought 2mil units, now thinking average down with 2mils. It’s huge amounts.
01/11/2019 11:03 PM
Shootup calvintaneng Scomies fundamental far better than London biscuit

haha start comparing scomies with london biscuit
02/11/2019 9:24 AM
calvintaneng Scomies facing rm30 millions from bond payment. But scomies has rm50 millions lent to scomi mother. So there is margin of safety

Another margin of safety is in scomies oil tool assets worth Rm300 millions to Rm500 millions

Scomies could do these things

1. Get loan for Scomies oil tools business and use that as bank collateral

2. Get interested party to take 50% stake which will be more than Rm150 millions

3. Get sukuk loans like dayang and Uzma to roll over temporal debt

4. Other avenues
02/11/2019 11:45 AM
chinaman Parent co. scomi drag down son. if scomi sell out son, scomies will rise up again. wakaka
02/11/2019 1:48 PM
chinaman 5:1 capital reduction:- pls vote down this proposition. Parent who SOHAI son has no right to decide on its future anymore. wakaka
02/11/2019 2:12 PM
Miz Raya Bloom ku dah jual, risau pulok dengan capital reduction, kalau ok, future ku masuk
02/11/2019 2:19 PM
Michael Kwok One thing,the one who forecast scomies must have made mistakes.One weekly chart hooking down.People always careless in there.Daily chart hooking up and weekly chart hooking down no use.
02/11/2019 5:55 PM
freeman I think it would be no problemo for scomies to secure the bridging loan..
When announcement of the loan was made it will give a positive push.. if u dont buy now, by then it is already too late..
02/11/2019 6:42 PM
Michael Kwok Its share consolidation.Maybe it may touch 5-6 cent.Before share consolidation.
02/11/2019 6:51 PM
Yam13 Look... the company has options not limited to one exit route. Rich in assets could be the saving grace for scomies
03/11/2019 10:09 AM
Superb99 Not easy to close the gap once gap down
03/11/2019 2:23 PM
chinaman Can vote, kick out sohai parent?after 5:1 consolidation, peanut MGO by scomi??? pls leave the son who live better as independent entity
03/11/2019 3:00 PM
chinaman 65.65%-owned Scomi Energy. so, close to 35% with minority pls vote NO to stupid selfish parent's own agenda fo peanut MGO plan. wakaka
03/11/2019 3:21 PM
chinaman KUALA LUMPUR (Jan 11): Scomi Energy Services Bhd’s (SESB) board has commenced an investigation into the RM64.33 million lent to its parent company Scomi Group Bhd as the advances were made without board approval, according to the filing to Bursa Malaysia.

The advances without board approval have dragged SESB into deeper financial trouble as Scomi Group, which holds a 65.64% stake in SESB, has not been able to repay the outstanding amount.

The board said that it is currently reviewing the management structure and terminating the shared services arrangement between itself and the parent company, except for certain critical functions.


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“Arising from the preliminary report from the solicitors in November 2018, the board is initiating an investigative review of the transactions constituting the advances to be conducted by a third party firm of independent auditors,” said SESB in the filing.

The money lent was for two-year period from June 2016 till June 2018.

Shah Hakim Shahzanim Zain was then the chief executive officer of both Scomi Group and SESB until August 2018 and March 2018 respectively. He was succeeded at SESB by Hilmy Zaini Zainal, who had held various senior management positions within the group since 2001.

Meanwhile, the chief financial officer (CFO) of SESB during most of the affected period, namely Chacko Kunjuvaru, had been appointed CFO of Scomi Group in March 2018.

Other notable directors who sat on the board of both companies while the transactions occurred were non-independent non-executive director Lee Chun Fai, independent non-executive director Tan Sri Nik Mohamed Nik Yaacob, who resigned from both boards on July 19, 2018 and independent non-executive director Liew Willip.

As of today, Sammy Tse Kwok Fai is an executive director of both companies, SESB said.

The major shareholders of Scomi Group are IJM Corp Bhd holding 24.37%, Kaspadu Sdn Bhd 8.91% and Amadia Investment Ltd 7.9%. Kaspadu is Shah Hakim’s vehicle.

The group said that it has been in constant negotiation with Scomi Group to pursue the repayment of total sum advanced.

“Subsequent to the affected period, Scomi Group has made repayment of RM6.8 million. However, there is a risk that the cash flow of the company and the financial ability of the company to meet its financial obligations will be affected in the event Scomi Group is not able to settle the advances.

“In such event, the company is considering all options available to it to ensure recovery of the advances,” SESB said.

The advances had also been made without prior approval by the Audit Committee, which is still unable to provide a statement as to whether the provisions were fair and reasonable or to the detriment of the company and its shareholders, SESB said.

“The board believed that the amount due from Scomi Group related to the shared service agreement between (SESB) and (the parent group,” it said.

The advances had been disclosed in SESB’s audited financial statements for the financial years ended March 31, 2017 (FY17) and FY18. It was stated as amounts due from ultimate holding company, SESB added.

SESB is also reviewing the reporting and escalation structure from management to the board, and ensuring that the chief financial officer is directly accountable to the board to report on all material matters, including any proposed related party transactions.
03/11/2019 3:32 PM
Yam13 This is good governance . At last things are positive moving in the right direction
03/11/2019 4:55 PM
Yam13 Hopefully this starts the week up for Scomies
03/11/2019 4:57 PM
Michael Kwok Let buy AT 7.5 cent and Alam 10 cent(Alam not yet) as it's just showing recovery run.Not yet projects or profit run.Never buy uncertainty and weekly chart hooking down.Market look cruel.
03/11/2019 5:12 PM
calvintaneng Good morning

Scomies is fundamentally sound due to these reasons

1. It total net net is more than its liabilities. Unlike utusan, London biscuit and others where debt is more than real asset

2. Scomies only need just above rm30 mil to meet bond obligation
It has Rm50 millions cash due from scomi mother

3. Scomies can get bridging loan by virtue of its valuable asset backing. Its oil tools business alone is worth Rm300 mil to Rm500 mil

4. Revenue this year has been boosted by Rm600 job award from Kuwait

5. Its marine division made Rm38 mil last quarter. Its result was negated due to impairment. Taking out impairment its operating profit is positive

6. Plus Scomies always over depreciates it assets and amplify its liabilities
This does not reflect its true fundamental

To be transparent Scomies should revalue all its assets to current market value

7. So in the undue sell down there is opportunity to buy cheap
Once hiccup over Scomies share shall rise up to reflect its real value
04/11/2019 8:44 AM
chimchim still looming of PN17 uncertainties thus a good value to buy in is 0.060 cents...
04/11/2019 9:40 AM
calvintaneng Scomies bod is appealing against pn17 status

In any case this minor hiccup has not changed the fundamental of scomies

1. SCOMIES HAS RM50 MIL WITH SCOMI

2. IT HAS MORE THAN RM300 MIL WORTH OF ASSETS IN OIL TOOLS

3. IT WON A RM600 MIL DRILLING FLUID SUPPLY FOR KUWAIT OIL CORP

4. ALL ITS ASSETS ARE AT OLD BOOK VALUE

5. LAST QUARTER MARINE DIVISION MADE RM38 MILLIONS

LOSSES WERE ONE OFF DUE TO IMPAIRMENT

SO SCOMIES IS STILL A SOLID COMPANY
04/11/2019 4:26 PM
ggbingo how low is a good buy?
05/11/2019 3:12 PM
fengshui88 Today stock is stable and no more panic selling. It is a good sign. Directors are not selling too and they have confident the company will be able to settle this short term hiccup. Need some patience as stock recovers later.
05/11/2019 5:36 PM
Yam13 One of scomies better days
05/11/2019 5:53 PM
andychay6124 7 sen is good buy. You can grab some
05/11/2019 6:11 PM
ikenduit Why 7 cent not a good buy? Then what is good?
05/11/2019 7:27 PM
Superb99 no good news at the moment so only can wait...sienz
06/11/2019 11:53 AM
fengshui88 Sellers getting tired and not willing to sell lower. 0.075 still holding well. Look at the Big Volume Buyers.. waiting to buy and may buy higher if no sellers willing to sell lower. No one can time the market.
06/11/2019 12:18 PM
calvintaneng Scomies is fundamentally sound due to these reasons

1. It total net net is more than its liabilities. Unlike utusan, London biscuit and others where debt is more than real asset

2. Scomies only need just above rm30 mil to meet bond obligation
It has Rm50 millions cash due from scomi mother

3. Scomies can get bridging loan by virtue of its valuable asset backing. Its oil tools business alone is worth Rm300 mil to Rm500 mil

4. Revenue this year has been boosted by Rm600 job award from Kuwait

5. Its marine division made Rm38 mil last quarter. Its result was negated due to impairment. Taking out impairment its operating profit is positive

6. Plus Scomies always over depreciates it assets and amplify its liabilities
This does not reflect its true fundamental

To be transparent Scomies should revalue all its assets to current market value

7. So in the undue sell down there is opportunity to buy cheap
Once hiccup over Scomies share shall rise up to reflect its real value
06/11/2019 12:20 PM
Nepo 'Scomies only need just above rm30 mil to meet bond obligation
It has Rm50 millions cash due from scomi mother'

Don't overlook the loan lent to Scomi mother, it is very difficult to collect back and it is also the major problem faced by this company.
07/11/2019 6:29 AM
fl888 KLSE waiver of PN17 requirement and share consolidation will propel it again....
07/11/2019 7:21 AM
BIGAPETITE SHAH HAKIM IS TREATING SCOMI ENERGY BHD A LISTED CO IN MALAYSIA STOCK EXCHANGE HIS PAPA COMPANY BY ADVANCING PAYT WITHOUT ANY CONVENED BOD APPROVAL OVERWHEMING THE REQUIREMENT OF A PRE REQUISITE LISTED CO

RELINQUISH HIS POSITION IN SCOMIES AS CEO WAS A MERE EXCURSION OF THE MAIN REASON

AND HOW COME BURSA FAILED TO REPRIMAND HIM?
07/11/2019 9:50 AM
luckyman As at June 2019, SESB has an order book of approximately USD272 million and has a prospective tender pipeline of an estimated value of USD172 million which are tenders that it is participating in globally. The Company is constantly looking at avenues to capture these opportunities including the prospect of partnering with technology or financially stable partners.

Extract from its Annual Report
07/11/2019 7:38 PM
winmal please don't allow to amalgamated the share 5 into 1... later will drop further. stupid idea.
08/11/2019 12:22 PM
Superb99 Only quarter result can tell, now full of question marks
08/11/2019 2:24 PM
calvintaneng Scomies last quarter was positive because marine division made Rm38 millions

Only impairment negates its profits

This quarter should be better

Time to buy while cheap

Rm30 mil bond cash call can be met

Scomi still owe scomies rm50 millions

Everything is in good order
11/11/2019 12:06 PM
simon after Qtr report out is profit can not get 7.5 sen
11/11/2019 1:03 PM
Superb99 have been averaging down from 0.1 to current level, unrealised losses now, will keep it till quarterly result is released. if result is poor, can throw it to longkang liao....
11/11/2019 1:10 PM
ikenduit waahhh... qtr result long way to go liao. price can sustain meh?? unless syndicate remove 0.75 resistance
11/11/2019 2:08 PM


 

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