Highlights
KLSE: SCIB (9237)       SARAWAK CONSOLIDATED INDUSTRIES BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.70   +0.05 (3.03%)  1.62 - 1.73  12,930,700
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General Meeting

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Ann. Date Date Time Type Venue View
28-Oct-2020 17-Nov-2020 14:00 Extraordinary Broadcast Venue Tricor Business Centre, Manuka 2 & 3 Meeting Room, Unit 29-01, Level 29, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur Meeting Detail
15-May-2020 18-Jun-2020 11:30 General Tricor Business Centre, Manuka 2 & 3 Meeting Room, Unit 29-01, Level 29, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinch, 59200 Kuala Lumpur Meeting Detail
15-May-2020 03-Jun-2020 11:30 Extraordinary Tricor Business Centre, Manuka 2 & 3 Meeting Room, Unit 29-01, Level 29, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinch, 59200 Kuala Lumpur Meeting Detail
10-Jun-2019 28-Jun-2019 10:00 EGM Board Room, 2nd Floor, SCIB Building, Lot 1258, Jalan Utama, Pending Industrial Estate, 93450 Kuching, Sarawak Meeting Detail
29-Apr-2019 30-May-2019 10:00 AGM Board Room, Ground Floor, SCIB Building, Lot 1258, Jalan Utama, Pending Industrial Estate, 93450 Kuching, Sarawak Meeting Detail
27-Apr-2018 31-May-2018 10:00 AGM Board Room, Ground Floor, SCIB Building, Lot 1258, Jalan Utama, Pending Industrial Estate, 93450 Kuching, Sarawak. Meeting Detail
08-May-2017 31-May-2017 11:00 EGM Board Room, 2nd Floor, SCIB Building, Lot 1258, Jalan Utama, Pending Industrial Estate, 93450 Kuching, Sarawak Meeting Detail
26-Apr-2017 31-May-2017 10:00 AGM Board Room, 2nd Floor, SCIB Building, Lot 1258, Jalan Utama, Pending Industrial Estate, 93450 Kuching, Sarawak Meeting Detail
28-Apr-2016 30-May-2016 12:00 AGM Board Room, 2nd Floor, SCIB Building, Lot 1258, Jalan Utama, Pending Industrial Estate, 93450 Kuching, Sarawak Meeting Detail
26-May-2015 30-Jun-2015 15:30 AGM Board Room, 2nd Floor, SCIB Building, Lot 1258, Jln Utama, Pending Industrial Estate, 93450 Kch, Swk Meeting Detail
27-May-2014 20-Jun-2014 15:30 AGM The Board Room, 2nd Floor, SCIB Building, Lot 1258, Jalan Utama, Pending Industrial Estate, 93450 Kuching, Sarawak Meeting Detail
28-May-2013 21-Jun-2013 15:30 AGM The Board Room, 2nd Floor, SCIB Building, Lot 1258, Jalan Utama, Pending Industrial Estate, 93450 Kuching, Sarawak Meeting Detail
Analyze this stock with MQ Trader system

  3 people like this.
 
tracylim But the condition is you need to hold tight and do not let go the shares in your hands easily, regardless of all the ups and downs of the price.
16/01/2021 1:27 PM
tracylim Let's see if my prediction is right after 3-5 years.
16/01/2021 1:28 PM
HamsterHuat @Collin64...Thanks

@charlie chia

2nd Feb is the Ex-Date which mean This is cutoff Date where buying SCIB share WON't entitle to Warrant anymore.

No way it say it will adjust price again.
Only for Bonus Issue and or Subdivision Share will have price adjustment.

2nd Feb is just a cut off date for Warrant.
Warrant , where got price adjustment?
16/01/2021 1:32 PM
HamsterHuat Again...all new to this SCIB Forum..
Scroll above 16 posting and look for @warrantKing post

AND if want to understand "Gearing" on Warrant
Scroll above 5 posting....look for @AtomicHabits post.
16/01/2021 1:37 PM
Ally Yee Min Ong No price adjustment. Pls don't misleading.
Thank you.
16/01/2021 1:45 PM
Ally Yee Min Ong No private placement for SCIB. Pls check the percentage utilisation of private placement and you will find the answer why.

Proposed utilisation RM’000
66885

Actual utilization as at 30/09/2020 RM’000
14389

Balance as at 30/09/2020 RM’000
52496

Only 21.5% been utilized as per previous Qr shown.
16/01/2021 2:01 PM
HamsterHuat @Ally ..
thank you for clearing the PP issue.

SCIB....onward forward.. come Monday....
16/01/2021 2:26 PM
AtomicHabits Warrant is actually a fom of cash call but in a defer mode, when warrant due for expire, people need to pay, 1.77 to convert to mother shares, the money pay will add to co cash flow.
16/01/2021 2:30 PM
patrickong Anyone know what is the price for warrant listing price? Opening price?
16/01/2021 2:52 PM
anthonytkh Warrant is basically a form in increasing capital. To shareholders holding mother share, the free warrants is a form of rewarding shareholders

If you like, you can call warrants a derivative of bonds
16/01/2021 3:10 PM
anthonytkh Patrickong, warrant listing price not announced. Only the ex price and date

Usually a warrant’s listing price is about 30% of mother share price on a VWAP basis

So it will depend on mother share price and, most importantly, *when* the issuer make a decision
16/01/2021 3:12 PM
anthonytkh I have a very good feeling SCIB/Karim will make a move to drive up the mother share price so that the warrant’s ex price of 1.77 will look like a good deal. But only my hunch
16/01/2021 3:13 PM
Willy47 Hi I'm a newbie here. Just asking, once we we received the scib warrants, is it better to sell it off immediately, keep until expire or wait until the price increase in later to sell? Not too familiar with the concept of warrants.
16/01/2021 3:41 PM
HamsterHuat i believe in @ anthonytkh hunch...

SCIB aka Karim still have 9 trading days to do Magic and surely will do Magic.
16/01/2021 3:54 PM
charlie chia Looking forward for 2.00 before 2/2
16/01/2021 4:03 PM
anthonytkh Willy47, no one can forecast any company’s share price or its warrant price

Just for comparison : A rights issue. If you already own shares, you have a right to buy the rights share (usually offered at a discounted price to the current share price). Or you can choose not to buy the rights issue. However you will receive the *rights* to buy the new issued shares *and* you can choose to sell the “rights” before it expires. Rights issue is free money
16/01/2021 4:10 PM
Willy47 OK thanks anthonytkh for clarification
16/01/2021 4:25 PM
anthonytkh There must be a reason the share price was pretty much stagnant whole of yesterday until after 4pm when it climbed significantly. And then came the announcement after market closed. That’s why I have my hunch (either SCIB/Karim or insiders made the late move yesterday)
16/01/2021 4:26 PM
yleng83 i think after warrant issued, mother share price will hav some adjustment...
slight adjustment
16/01/2021 4:59 PM
Sky Liew The warrant is free de pls see bursa ann notice
Actually if can hold tie few year get reward la
Dividend policy 30%
16/01/2021 5:24 PM
AtomicHabits Yleng83, there will no adjustment to shares price when no additional shares issue, and since conversion price is higher than shares price ( as at last trading) no one will going to do conversion.
Only on the way where warrant have - ve premium, or Scib give very good DY then only worthwhile to convert.
Actually the adjustment come only supply & demand of shares ( on perception of diluted EPS).
16/01/2021 5:34 PM
yleng83 AtomicHabits, Ok, I'm not very good at warrant. My friend told me price will be adjusted after warrant issued but still can be profitable if the warrant price exceeds the warrant listing price :) anyway thank you for your clarification.
16/01/2021 6:05 PM
Kon Lim Chai Assuming u buy 2 lots scib cum warrant at 2.00. 1 day later, u can also buy ex warrant at 2.00. When will u buy?
16/01/2021 6:44 PM
Ally Yee Min Ong Free warrant issue at no cost.
It's FREE!
It's FREE!
It's FREE! and

No price adjustment!
16/01/2021 6:47 PM
Kon Lim Chai I am indifferent between the day with warrant entitlement and the day ex warrant entitlement if warrant is worthless. Otherwise i sure will chose the buying day with warrant entitlement.
16/01/2021 6:49 PM
Kon Lim Chai When mkt price of ord.share is 2.00, it is 23 sen higher than exercise price, fundamental value of warrant is 23 sen. There is also a time premium attached to the 3 yr expiry date to be added on.
16/01/2021 7:01 PM
anthonytkh I’m wondering how SCIB and their bankers reached a decision for 3 years expiry. This has always been something I have never had time to research when it comes to warrants
16/01/2021 7:33 PM
cytew There will be a price adjustment if the mother share price closes above exercise price of 1.77 prior ex date ....If mother share closes at 1.85 before ex date , the reference price on the ex date is would be adjusted to (1.85 x 2 +1.77)/3=1.82
16/01/2021 8:20 PM
cytew Immediately after the ex date , mother share price will be trading below reference price as market forces are trying to balance off the premium of the warrant.. or so called its time value ..
16/01/2021 8:28 PM
HamsterHuat Oh..@cytew

Never knew about that....
learning new every day..

Thanks you again for details explanation insight on the reason to do adjustment again.

then my humble apology to @charlie chia for point out earlier about price adjustment.
i did ask him but he never really did reply to my question.

But thanks to you for stepping up and explain in details...
16/01/2021 8:38 PM
InsiderShark @cytew

That is what I think so too, the market will 'adjust' itself. If warrant is 1.77 and mother share is above that, it doesn't make any sense to buy mother share, better sell mother and buy warrant. Furthermore, I think a PP is in the card, karim style. So, probably share price already peaked at 1.77 or somewhere there.... unless going forward SCIB can make crazy profits, then mother will fly.
16/01/2021 9:00 PM
wishyouallthebest May I know what is pp? What will pp affect? Thanks
16/01/2021 9:13 PM
anthonytkh cytew and InsiderShark, I understand your calculations and how things can theoretically work. We’ll see how Karim work his trading
16/01/2021 9:18 PM
anthonytkh wishyouallthebest, PP = Private Placement

PP basically means issuance of new shares by a company that have already determined by( or reached an agreement with) funds and/or investors that have been approached by the issuer

Retailers have no say, it’s not for the open market
16/01/2021 9:24 PM
anthonytkh In general PP is generally regarded as a negative signal ie. company did it to raise fund since they don’t have the cash nor investment bankers to back them. IOW such company haven’t done all that great

When have, say, MBB or even Top Glove last proposed a PP?
16/01/2021 9:28 PM
wishyouallthebest @anthonytkh thanks for your explanation .

Does it mean if scib issues a private placement, existing shareholders often sustain at least a short-term loss from the resulting dilution of their shares?
16/01/2021 9:34 PM
kytan How can warrant is 1.77? 1.77 is exercise price. If mother is RM 2, WARRANT is 0.23 at Zero premium. If market see SCIB can above RM 3 in 3 years time, than people will give positive premiun such as 10% to 30%. If people think in 3 year time SCIB will not more than 1.77, than will below 0.23. Pls see Jaks and ock warramt premium as a reference
16/01/2021 9:38 PM
InsiderShark @anthonytkh

it depends, when was the last time SCIB issue PP? April 2020.

https://www.theedgemarkets.com/article/scib-plans-private-placement-raise-rm665m-fund-future-projects

What happened to their stock price and orderbook and profit? Up or down? It depends on how they use the money. If use just to clear debt or interest or avoid bankruptcy, then it is bad, but if issue PP so that can fullfill more projects, then it is good.
16/01/2021 10:08 PM
AtomicHabits Hi Cytew, So it mean when warrant exercise price > mother shares on ex bonus date, no adjusted is make, but if exer price < mother shares after ex, adjustment will be make by Co as if warrant been convert to mother shares right?
16/01/2021 10:11 PM
anthonytkh Yeah InsiderShark. But much depends on investors’ sentiments

Look at MrDIY. IPO was to reduce a big amount of debt. Look at its share price now

Like I said, no one can predict or forecast a company’s share price. It all depends on “promise”

Look at Tesla :) Elon is in discussion (with someone I know, met, have had discussions with and had showed me a video) to build an offshore platform for SpaceX off the East coast of Peninsular (makes environment sense). Tesla not a big car producer but that’s the way it goes...
16/01/2021 10:16 PM
warrantKing SCIB Warrant 's exercise price = 1.77

This is SUPER DISCOUNT GIVEN BY MANAGEMENT.

Management purposely choose LOWEST share price to be included in VWAP.

All of us must really appreciate the VALUE of this warrant !!!

I am targeting 15% to 30% of premium to be given by this warrant .

If the share price can reach 1.77 by date of EX , this warrant range 20sens to 53sens.
16/01/2021 10:22 PM
InsiderShark @anthonytkh

Malaysia is probably one of the better countries to launch space rockets. Makes perfect sense. Malaysia should leverage this and invite all space rocket companies to come and set up spaceport here. For those that is clueless, Rockets can most easily reach satellite orbits if launched near the equator in an easterly direction, as this maximizes use of the Earth's rotational speed (465 m/s at the equator). Such launches also provide a desirable orientation for arriving at a geostationary orbit.
16/01/2021 10:23 PM
winston1 At current mother price adding 30% premium, the warrant should be priced above 40 sen. If mother reaches 2.00 before warrant listing, the warrant should be above 80 sen
16/01/2021 11:15 PM
anthonytkh InsiderShark, the local guy I met talks to Elon regularly. Elon’s plan is to make Malaysia regional hub for SpaceX launches. It’ll be sub-orbital. Around 35 mins flight fr Shanghai to NYC. Pax load initially targeted at 50-100 (still on-going as refinements are made)

Price per ticket? It’ll be somewhere around a normal business- to first-class ticket

Local guy looking for VCs
17/01/2021 7:23 AM
WeLoveSarawak What does Datuk Karim plan to do with SCIB? here is a tip:

Since founding Serba Dinamik, Dato’ Karim has survived the Asian Financial Crisis of 1997, the economic depression of 2008 and the worldwide depression of the oil market in 2014. Through these tumultuous events, while many companies have gone under, Serba Dinamik survived and grew stronger.

When asked what was the secret to the company’s success in its ability to weather the storm, Dato’ Karim sums it up with one word: sustainability. “In any business strategy that you formulate, you need to take sustainability into consideration. In the context of Serba Dinamik, our background is in maintenance, which is recession-proof. We may not get new projects, but the maintenance of existing equipment will always be there as they will still be needed for production. That helped to cushion us across all recessions.”

“To grow the company, you also need to look at other revenue-generating aspects to add them into the core competency and capabilities in the maintenance scope,” he adds. “Buying other companies is our strategy to tap into technology that we do not have.

By acquiring another company, we bring the technology into our company and synergise it with what we have. Thanks to this, we now have the capability of doing on-site maintenance, bringing the heavy equipment to the workshop for repair as well as manufacturing the parts for the various equipment.”
17/01/2021 8:41 AM
WeLoveSarawak and SCIB has full backing from Sarawak Government via Sarawak Economic Development Corporation's (SEDC) substantial shareholding, SCIB can definitely grow by leaps and bounds...
17/01/2021 8:43 AM
HamsterHuat @WeLoveSarawak

Thanks you for the SCIB summary today.
Do keep us here inform any "confirmed" news or source that we can look up for all SCIB investors here.

With News and website to go over, it will be a great help for all SCIB investor or to be to do their own due diligence as decision making.

SCIB will definitely rocket as Ongoing Warrant are given out as form of reward/bonus to investors.
17/01/2021 9:34 AM
charlie chia Welooksarawak
Thks for your info
17/01/2021 11:43 AM
Investseeker @WeLoveSarawak .

Hand off for the detailed analysis and assessment of SCIB’s prospects specially the ability of the management under the helm of Dato Karim to transform. This is the most focal quality for a company to achieve a sustainable growth despite stormy days. I am confident that SCIB’s value will continue to escalate.
17/01/2021 12:47 PM
cytew Yu and Me @ Kpower was ex-ed without any adjustment because its closing price before the ex date is lower than 10.0 , the warrant was out of money , because kpower warrant exercise price was fixed at 2.50
17/01/2021 1:29 PM


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